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Riba, Profit Rate, Islamic Rate, and Market Equilibrium
Research Output | Dar Al-hikmah Library | IIUM Only

Muslim economists have suggested the profit rate to replace ribÉ in an Islamic economic system. While this suggestion is a step in the right direction, it still has problem since not all profits are ÍalÉl, as for example, profits from gaming and liquor businesses are definitely ÍarÉm. This paper discusses the concept of ribÉ and differentiate

The Islamic Financial Services Act, 2013: Malaysia’s Model Framework for shariah-Compliance and Stability
Research Output | Dar Al-hikmah Library | IIUM Only

Malaysia is said to have created legal history by introducing the world’s first comprehensive legal framework for its Islamic Finance Industry through the pro-active approach of its central regulator (Central Bank of Malaysia, or the CBM) and government-driven Economic Transformation (ETP) Policy. This piece of legislation was crafted by regulato

Wage Rate and Employment in the Manufacturing Sector of Malaysia
Research Output | Dar Al-hikmah Library | IIUM Only

This paper examines the importance of Malaysian manufacturing industries to the domestic economy and then estimates the demand for labor as a function of wage rate, output, and capital. The study uses the survey data of firms categorized according to the 3-digit Malaysian Standard Industrial Classification. The manufacturing sector has been contrib

Riba, Profit Rate, Islamic Rate, and Market Equilibrium
Research Output | Dar Al-hikmah Library | IIUM Only

Muslim economists have suggested the profit rate to replace riba in an Islamic economic system. While this suggestion is a step in the right direction, it still has problem since not all profits are halal, as for example, profits from gaming and liquor businesses are definitely haram. This paper discusses the concept of riba and differentiates it f

Green Approaches of Malaysian Green Hotels and Resorts
Research Output | Dar Al-hikmah Library | IIUM Only

Currently tourism is moving towards sustainable tourism because this industry poses negative impacts on the environment. Tourism industry consumes and produces many resources such as water, energy and waste. The purpose of this research is to determine the rate of participation in green approaches of Malaysia green hospitality industry. The methodo

Best Practice of Green Island Resorts
Research Output | Dar Al-hikmah Library | IIUM Only

Hospitality industry development is the core facilities in the tourism industry. The issues sustainability and green are discussed when looking at the effort by the resorts operators at practicing green approaches. The objective of this study was to find out the best practice and the factors influence the best practice of the resort operators. The

Mixed Methods Inquiries in the Assessment of Development Guidelines for the Geodesic Dome Visitors’ Centre at Pulau Payar
Research Output | Dar Al-hikmah Library | IIUM Only

This chapter describes the methodology used in the in the assessment of the Federal Department of Town and Country Planning (JPBD) Island Development Guidelines and the impacts of Pulau Payar Geodesic Dome Centre on the surrounding environment of the Pulau Payar Marine Park. This research aims was to understand the extent of the implementation of t

Tajdid Ilmu dan Pendidikan
Research Output | Dar Al-hikmah Library | IIUM Only

Perubahan zaman menuntut tinjauan semula ke atas kandungan ilmu, metodologi pengilmuan dan pendidikan Islam masa kini. Kegagalan umat Islam membuat perubahan ke atas perkara-perkara ini membawa kepada kelemahan dalam aspek pengurusan ilmu pengetahuan dan teknologi serta kedaifan akhlak dan peribadi. Umat Islam hari ini mempunyai tanggungjawab yang

Reduction of Iron Ore/empty Fruit Bunch Char Briquette Composite
Research Output | Dar Al-hikmah Library | IIUM Only

Utilization of Malaysian low grade iron ore is an attractive option of domestic iron resource; however, extra energy consumption is required and thus contributes to greenhouse gases. In this study, incorporation of low grade iron ore deposits with oil palm waste as substitution of coke was studied. Briquette composites of iron ore and char derived

Steganography: a Review of Information Security Research and Development in Muslim World
Research Output | Dar Al-hikmah Library | IIUM Only

Conveying secret information and establishing hidden relationship has been a great interest since long time ago. Therefore, there are a lot of methods that have been widely used since long past. This paper reviewed one of the methods for establishing hidden communication in information security and has gained attraction in recent years that is Steg

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