Waqf Analysis
Shahidur R. Khandker (1998) mentioned an easy access to financial services is one of many means to help the poor increase their incomes and productivity. However, traditional financial institutions have failed to deliver this service which resulted the poor were excluded from the normal banking services (Ward, P. 2001, Adams, Graham, and Von Pischke 1984; Braverman and Guasch 1986, 1989; Hoff and Stiglitz 1990; World Bank 1975, 1993). Hence, it is not doubt, that only 20% to 30% of homeowners used the formal financial intermediaries in developing countries [1]
Malaysia has reached significant economic and social development over the past several decades with the launching of New Economic Policy (NEP) 1970. The official Malaysian ‘social-welfarist’
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In conjunction, many professionals and academicians such as accountants, economists and sharia’ scholars have documented bountiful empirical research regarding waqf issues in Malaysia; either by quantitative or qualitative analysis. In Malaysia, waqf asset falls under jurisdiction of 14 State Islamic Religious Councils (SIRCs) as the sole trustee of each state (Hasan & Abdullah, 2008; Kader & Dahalan). The term ‘sole trustee’ implies that no one except these 14 SIRCs have been legally appointed by their respective legislations to supervise all the waqf assets and be responsible for their management and development. The establishment of the Department of Waqf, Zakah and Hajj (JAWHAR) and creation of Malaysia Waqf Foundation (MWF) plays a significant roles in strengthening, accelerating and stimulating waqf development in the entire Islamic financial system in Malaysia (Hanefah, et al., 2010; Siraj, 2012). In a new leap of Malaysian Waqf practising, an independent body Johor Corporation (JCorp) has been successful in managing its Waqf resources (financial and non-financial) with the purview of Johor SRC. The success of JCorp has inspired the Malaysian Government Link Companies (GLCs) to absorb the Waqf model in its corporate social responsibility (CSR) activities(Hanefah, et al., …show more content…
Profit-sharing; In Islamic microfinance, the financial institution is no longer a sole financier but becomes a co-owner of the business with a strong interest in its success.
3. Fixed repayment rate; In line with the sharia, which prohibits any rate of return on financial transactions, Islamic microfinance products have a fixed repayment rate with no possibility of making profit through interest.
4. Transparency: Islamic microfinance stipulates contracts with a fixed liability that is known to the customer upfront.
5. Social welfare and justice: The ultimate goal of Islamic microfinance modalities is to ensure growth with equity for social welfare and justice. In a context of default, the penalty is limited to no more than 1 per cent of the outstanding instalment. Moreover, Islamic microfinance using takaful (insurance) mechanism to mitigate the risk such as kafala or guarantee ( individual case) or social collateral ( group project). As a result, Islamic microfinance is becoming an important instrument to fight rural poverty in Muslim countries. It also attracts other parts of the world to diversify an effective strategies of finance
Valley Forge Dbq Analysis
148 Words | 1 PagesValley Forge is a base or camp that was located near Pennsylvania. Many soldiers suffered from harsh weather and poor food. Despite all the complications, George Washington, the leader, trained the remaining soldiers to become strong and ready to fight. Although, I would leave Valley Forge. The numbers for the estimates of people who will possibly die are soaring.
Ishi Dbq Analysis
259 Words | 2 PagesOn August 29, 1911 Ishi, the last walked on the Sierra wilderness and into American culture. Ishi was treated less as a human-being, as his name was slandered by the San Francisco Call Article, which was not agreeable. This article describe Ishi by stating “with an assumption of stern dignity, yet trembling from burnoff hair to bare feet, the last of the cavemen took his seat among the crimson plush draperies and the glittering electric lights of the large box.”(San Francisco Call, Ishi Calls the Orpheum, The Heaven of the White People, Doc 4) That statement that the author, Grant Wallace made in some way tried to destroy Ishi humanity, which is to do to another human being.
Mansa Musa Dbq Analysis
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Dk Dbq Analysis
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Ashoka Dbq Analysis
549 Words | 3 PagesVisualize you have to figure out how to stop world hunger. You decide to kill a bunch of people who suffer from world hunger every day. In the end world hunger is gone and no longer a problem in the United States. Did the actions you did to reach your goal justify. Ashoka had to ask himself this question too.
The Crucible Dbq Analysis
1039 Words | 5 PagesIn times of fear and hysteria in the U.S. it is mass chaos and it only gets worse and worse. During the time of both the witch-hunt eras, whether for communist or actual witches, they prove to have many similarities between them. Both of these times were full of confusion and lying which lead to the temporary downfall of the authority at that time. Joseph McCarthy proved to be a factor in this time and add on to the chaos that was America. Arthur Miller wrote about these times in a book called The Crucible, based on the witch trial era.
Apush 2003 Dbq Analysis
325 Words | 2 Pages1.) During the initial months of the depression, the general belief was that the troubles were cause by the "cut-throat competitions" between businessmen causing many businesses to fail. As a result the Roosevelt administration's first attempt ot deal with the crisis was to mitigate such "cut-throat competitions" with the provisions of the National Industrial Recovery Act of 1933. This act spawned the Nation Recovery Administration (NRA). The NRA was empowered to bring government, industrial corporations, and labor unios together to find ways to get rid of "cut-throat competitions".
Wirt Dbq
526 Words | 3 PagesAfter leaving his position as Attorney General, Wirt settled in Baltimore, Maryland. He became a candidate for President in 1832, nominated by the Anti-Masonic party. This party held the first ever national nominating convention in the U.S history on September 11, 1830 in Philadelphia establishing the tradition. The date was chosen to commemorate the fourth anniversary of the Morgan Affair. However, no candidate was agreed upon.
The Progressive Era Dbq Analysis
350 Words | 2 PagesCorporate greedy and corrupt politicians were specific problems and injustices that were present in American life during the late 1800s and early 1900s however these were addressed during the progressive era with laws and regulations. Throughout the gilded era corrupt politicians and corporate greedy allowed the upper class and businessmen to take advantage of the working class. This means that a majority of the population were hurt during the gilded age whereas a small percentage benefitted. As seen in document 1, living conditions were crowded, dirty, and unsafe.
Summary Of Quilombismo
1386 Words | 6 PagesRacial disparity in Brazil is best explained in Abdias Nascimento article, Quilombismo: An Afro-Brazilian Political Alternative. “I believe that the Black and mulatto the Brazilian of colour must have a racial counter-ideology and a counter position in socioeconomic terms. The Brazilian of colour must strive simultaneously for a double change: socioeconomic change in the country, and change in race and colour relations.” In 1968, through these words, Afro-Brazilian scholar, artist, and politician Abdias Nascimento called attention to the potentially divergent but essentially related nature of the two main objectives of Afro-Brazilian activism: first, to effect concrete change in the distribution of social and economic power in Brazil, and second,
Progressive Era Dbq Analysis
815 Words | 4 PagesBoth Progressive Era reformers and the federal government sought to bring about reform at the national level. Examples of such reforms they wanted to make include: trust-busting, consumer safety, restrictions on child labour, civil rights, and women’s suffrage. Overall, the Progressive Era reformers and the federal government were effective in their efforts from 1900 to 1920, however there were some limitations. During the Gilded Age, and prior, the quality of America was unsatisfactory.
Valley Forge Dbq Analysis
572 Words | 3 PagesAs the American Revolution was in full swing, soldiers were being recruited and fighting for their freedom from the British. However, the fight for freedom took more than just fighting skills. The men fighting had to endure the harsh conditions and the little help and supplies they received. The American army went to Valley Forge in hopes of spying on the British army. However, the winter at Valley Forge was harsh with the cold seeping into their poorly built shelters and the little amount of supplies they had was not enough to keep everyone alive and healthy.
Asoka Dbq Analysis
462 Words | 2 PagesIs Asoka a ruthless conqueror or is he a knowledgeable ruler? Asoka is one of the most acknowledged rulers of the Mauryan Empire. He ruled most of India over 2,000 years ago. Although he may be the greatest ruler of the Mauryan Empire, Asoka is still a merciless emperor because he has done many remorseful things that shall not be forgiven such as exterminating thousands of people and he has also conquered many lands to enhance his kingdom. Several individuals have been slaughtered by the hands of Asoka.
2003 Apush Dbq Analysis
971 Words | 4 PagesWhen World War II ended, the United States rejoiced with what they assumed their victory would determine; total peace, the discontinuation of Communism, the return of all the dearly missed soldiers, and greater equality for all, especially in the workplace. Much to the dismay of many citizens at home during the war, these aspirations were not exactly what they expected. In the near short years right after the war, there was much prosperity and many were perfectly content, but in these years, many had difficult times with the changes that occurred after the war. With these rough times came many fears of the conditions of the country, but many of these fears were greatly calmed through the work of the President Eisenhower in the 1950s. In the
Essay Borders Should Be Closed
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