Takaful is acquiring adaptation globally. Hypothetically, Takaful is recognized as mutual cooperation insurance, where the policy holders donate or contribute certain amount of money to a common pool or fund. However, Takaful has been acknowledged as insurance which is in line with Shari’ah principles. Due to the prohibited elements such as inter

In developing micro electro mechanical systems (MEMS), finite element analysis (FEA) is usually relied upon to study these micro-structures in determining stress, deformation, resonance, temperature distribution, electromagnetic interference, and electrical properties. With this kind of approach, the performance of the devices can be easily expande

Takaful has been known as Shari’ah compliant insurance and it is penetrating not only into the Muslim countries but also into the non-Muslim countries. Among the countries which offer Islamic finance products, Malaysia is well known as one of the leading countries encouraging this industry. Due to the rapid growth of the takaful industry, the pre

Insurance has been widely used as a risk mitigation tool in our personal lives as well as in business world. It is not deniable that insurance has become part of parcel of our daily lives and it provides the benefits and protection to us when we are unfortunate. However, the concepts of riba (interest), gharar (uncertainty) and mysir (gambling) inh

The issues of corporate governance became very popular in the corporate world in UK, USA and Europe during the last two decades. With the opening up of economies and liberalization, the concern for corporate governance also spread to the developing world. Therefore, most of the developed and developing countries, including Malaysia have laid down c

Takaful (Islamic insurance) has been widely accepted as an alternative to conventional insurance and offered in many Muslim and non-Muslim countries. The unique feature of Takaful is that is suitable and acceptable for anyone regardless of the religion to our surprise, Takaful has not been introduced in India. India has the third largest Muslim pop

Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious ina

Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious ina

Recent events have placed an emphasis on the need for effective corporate governance. Corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious inadequacies in the quality of corporate governance at an international level. Existing standards a

Without doubt, higher performance is the ultimate objective of any business entity while minimizing the risk and informing the investors the transparent information of the business. In this paper we show a new way of thinking that willfulfill the ultimate interests of the banks due to the efforts of management such as being higher market value of t