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All Journal Journal of Sustainable Economics International Journal of Educational Best Practices
Markom, Ruzian
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Economics, Econometrics & Finance Education Social Sciences Other

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Wasatiyyah Values Appreciation in the Syariah Governance as Consumer Understanding Education Mechanisme towards Islamic Banking System Mohd Arif , Mohd Izzat Amsyar; Markom, Ruzian; Ismail, Mohd Arif
International Journal of Educational Best Practices Vol. 1 No. 1 (2017)
Publisher : Prodi Administrasi Pendidikan Program Pascasarjana Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/ijebp.1.1.109-120

Abstract

The concept and values of wasatiyyah are fundamental in Islamic banking practice as the syariah law has delineated basic muamalat principles as an operation guideline for the banking industry. So that, all kind of extreme characteristics may be prevented. The principles of wasatiyyah prohibit any element which overlooks the permitted limit namely gambling, uncertainty (gharar), usury, fraud and so on. These elements have to be avoided in life because they were clearly prohibited by Allah SWT due to their oppressive nature especially towards the unfortunate such as the poor or low-income group. This prohibition is also attached with the heavy intimidation in the hereafter. The Islamic banking system upholds the concept of wasatiyyah through the values of fairness, trust, transparency and accountability which are instilled through the syariah governance system. The appreciation of these values is proposed to be a part of the new curriculum for the financial awareness subject has been presented by the Malaysia government in the 13th Parliamentary session. It is important to educate and enhance the understanding of the public especially the young about the Islamic banking system as an alternative to avoid the prohibited conventional banking system.
Mapping Sustainable Development Goals and Constitutional Rules: Looking from Human Rights Approach in Malaysia Ismail, Abdul Ghafar; Markom, Ruzian; Ghafar, Nur Hannani Abdul
Journal of Sustainable Economics Vol. 2 No. 1 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i1.16663

Abstract

The 2015 Sustainable Development Goals (SDGs) provide the UN with a roadmap for development until 2030. The goals would also be subjected to the national agenda. The study explored the associated legal and normative implications of SDGs. The 17 goals and 169 targets of the SDGs covered crucial areas of poverty reduction, climate change, clean water, and access to justice. Combining both thematic and goal-specific analysis, the study establishes the relevance not just of international law, but also of a broader range of normative frameworks including constitutional norms, domestic regulatory law, and human rights. Connecting the SDGs to wider debates in constitutional economics and sustainable development, this study ultimately demonstrates that law has an important constitutive and instrumental role to play in both implementation and analysis. The method used is based on the review of the constitutional provision in Malaysia and major international agreements on sustainable development which are linked to human rights. This relationship will prove invaluable for scholars in the field of sustainable development. Its insightful observations will also provide food for thought for both related international organizations and national government officials.
Co-Authors Abdul Ghafar Ismail Ghafar, Nur Hannani Abdul Ismail, Mohd Arif Mohd Arif , Mohd Izzat Amsyar