Purpose -This paper aims to analyse the new standards on Sukuk which was issued by the Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI) as a result of the strong critics posed by Shaykh Taqi in the end of 2007 that 85 percent of Sukuk issuance were not in line with the teachings of Shariah. Design/methodology/approach -This study reviewed samples of Sukuk prior and after the new AAOIFI pronouncement by focusing on controversial areas such as ownership transfer, pricing and guarantee element. This paper used content analysis approaches to analyse the pronouncement and the samples. Findings -The findings showed that there were negligible changes on the principle term and condition (PTC) of the Sukuk after the pronouncement, thus it did not have much effect in changing the Shariah Advisors and industry players when deciding more authentic principles and decisions. Originality/value -Based on the findings, it is acceptable that the advisors tried their very best in making efforts to minimize controversial decisions as to suit current financial practices.
This paper aims to address the relationship and the influence of lifestyle, future need, customer preferences toward customer’s satisfaction on Islamic banks products and services in northern region of Malaysia. This study used quantitative research method. Data were collected via questionnaires from 250 respondents from four different Islamic banks and data was analysed using SPSS v22 software. The study found that all the independent variables have positive significant relationship towards the satisfaction of Islamic banks’ services with the highest correlation is lifestyle and the lowest is future need factor. The study concluded that the lifestyle variable has the strongest influence to the dependent variable, followed by future need and customer preferences. This study provides a useful analysis to the policy makers in helping them to draft new policies and programmes relating to Islamic products and services which affects the masses. Besides, the result helps marketing team in Islamic banks to formulate strategies for future promotional activities. This paper empirically identified the relationship and the influence factors between lifestyle, future needs, customer preferences and the satisfaction among customers in using Islamic banks services.
The book provides comprehensive compilation on Islamic legal documents related to Islamic financial system consists of legal statutes, frameworks, guidelines, circulars and internal compliant manual covering Islamic banking, takaful and Islamic capital markets. Brief description of those documents are laid down to assist non-legal background readers in having comprehensive view of Islamic finance legal system.Few special focuses are done to Shariah screening methodologies for stocks, Islamic fund and real estate with special review on few sukuk issuances as to familiarize reader with the principle terms and conditions (PTC) of the sukuk. Islamic finance is not just a system but it is a way to achieve the spirit of Shariah i.e. maqasid Shariah in providing prosperity to the society in blessing ways avoiding all prohibited elements as stated in Islamic law.
Buku Tamadun Islam dan Tamadun Asia (TITAS) ini merupakan buku ilmiah yang menerangkan tentang ilmu ketamadunan, terutamanya tentang tamadun-tamadun di Asia termasuk budaya dan falsafahnya. Buku ini menumpukan kepada perkembangan Tamadun Islam serta interaksinya dengan tamadun-tamadun dunia yang lain.Ia juga menonjolkan Tamadun Islam sebagai contoh utamanya.Buku ini menepati sukatan pelajaran pengajian Tamadun Islam dan Asia yang diwajibkan kepada para penuntut di Universiti Awam (UA) dan Universiti Swasta (US).Buku ini bertujuan untuk mempercambahkan perbincangan berkaitan ilmu ketamadunan di institusi pengajian tinggi dan membuka minda penuntut tentang pengajian dunia dan memahami aspek-aspek penting ilmu ketamadunan. Pengajian ini juga akan merintis jalan ke arah pemikiran global, kritis, rasional dan terbuka. Setiap bab menyentuh tentang aspek-aspek penting ketamadunan termasuklah sejarah, agama dan falsafah, tradisi dan budaya asli serta kedatangan Barat dan pengaruhnya.Buku ini juga mampu memberi pengetahuan dan gambaran betapa masyarakat Asia umumnya dan masyarakat Islam serta masyarakat Melayu khususnya telah pun mempunyai tamadun sendiri yang unggul dan sesuai dengan keadaan semasa.Oleh itu, diharap buku ini dapat memberi pengetahuan dan pemahaman yang baik tentang keseluruhan konsep dan ilmu ketamadunan.
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