Claim Missing Document
Check
Articles

Found 5 Documents
Search

Prospects of Sharia Governance in Islamic Finance Industry: Jurisdictions, Standards, and Implications Wani, Athar Shahbaz; Dar, Showkat Hussain
Talaa : Journal of Islamic Finance Vol. 2 No. 1: June 2022
Publisher : Department of Sharia Financial Management IAIN Sultan Amai Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (565.151 KB) | DOI: 10.54045/talaa.v2i1.523

Abstract

The paper aims to explore the establishment, organizational setup, and relevance of the international regulatory/standard setting institutions as Sharī‘ah governance platforms primarily AAOIFI (Accounting and Auditing Organization for Islamic Finance Institutions) and IFSB (Islamic Financial Services Board). The role of IIFA (International Islamic Fiqh Academy Jeddah) IFC (Islamic Fiqh Council of Muslim World League MWL) and ISRA (International Sharī‘ah Research Academy for Islamic Finance) and supportive Shari ‘ah compliance platforms for Islamic Finance Industry (IFI) in the corporate and academic dimensions. The study is qualitative analysis of related Guiding Principles, which enshrine the Sharī‘ah governance framework (SGF) in IFI. The discussion highlights that the (SGF) is the particular aspect in the Islamic Finance Industry (IFI), which embodies the legitimacy of instruments, and generates the trust of stakeholders and shareholders in Islamic finance. The paper shows that analysis will support the understanding of Sharī‘ah governance and jurisdiction of the Islamic finance industry in the contemporary Banking and finance sector. The outcome of the predicted hypothesis will enable to suggest and modify the ongoing banking practices in Islamic corporate with strict adherence to the sharīa standards.
Zakat and Waqf Model in Reducing Poverty among Vulnerable Groups During the Pandemic in Nigeria Muhammad, Adamu Abubakar; Fajri, Mohammad Zen Nasrudin; Idriss, Ibrahim Dahiru; Wani, Athar Shahbaz
Journal of Islamic Economics and Philanthropy Vol. 7 No. 1 (2024): August
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jiep.v7i1.12182

Abstract

The crisis of COVID-19 pandemic has already crushed and affected almost everyone in the world. In terms of economy, the vulnerable group was the most affected group in the society as many of them lose their jobs and thus poverty rate rose. Poverty is a worldwide spread problem that results pains and loss of confidence to many people in the world where vulnerable citizens of Bauchi state-Nigeria are not excluded. The menace of poverty during COVID-19 pandemic can be alleviated through proper Zakat and Waqf administrations. This study explores the possible uses of Zakat and Waqf as financing tools for poverty alleviation during COVID-19 pandemic on the vulnerable in the society. The qualitative approach is adopted which includes review of related literatures and interview with relevant bodies and individuals. The findings of the study reveals that Zakat and Waqf as an Islamic finance models have relevant potential to fight any contemporary crisis and pandemic in respect of geographical location, era, people or religion. Zakat and Waqf if properly organized, maintained, collected, well managed and truthfully distributed to the people concerned can help in fighting the adverse effect of COVID-19 pandemic and alleviate poverty among the vulnerable in Bauchi state Nigeria.
The Influence of CAR, FDR, NOM and TPF on Murabahah Financing at Sharia Banks BUKU 3 of 2020 with NPF as Moderating Variable Mas'ud, Riduan; Fachrozi, Fachrozi; Aminy, Muhammad Muhajir; Wani, Athar Shahbaz
IKONOMIKA Vol 6, No 2 (2021)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v6i2.11667

Abstract

This study aims to examine murabahah financing influenced by credit adequacy  ratio, financing to deposit ratio, net operating margin and third party funds with non performing finance as a moderating variable at BUKU 3 sharia commercial banks in 2020. Method used is quantitative associative and data analysis technique using moderated regression analysis with SPSS version 25 tool which contains PROCESS 3.1 macro syntax. The population in this study is Sharia Commercial Banks included in the BUKU 3 category so that a sample of 4 banks is obtained;  Bank Syariah Mandiri, BNI Syariah, BRI Syariah and BTPN Syariah. The effect of credit adequacy ratio through murabahah financing on non performing finance shows that non performing finance has no effect as a moderating variable affecting credit adequacy ratio through murabahah financing, financing to deposit ratio through murabahah financing on non performing finance shows that non performing finance has an effect as a moderating variable affecting financing to deposit ratio through murabahah financing, the effect of net operating margin through murabahah financing on non performing finance shows that non performing finance influential as a moderating variable affecting net operating margin through murabahah financing, the effect of third party funds through murabahah financing on non performing finance shows that non performing finance has an effect as a moderating variable affecting third party funds through murabahah financing.
Islamic Economic Thought in Indian Subcontinent: Perceptions and Major Writings Wani, Athar Shahbaz; Malik, Mohd Iqbal
Journal of Islamic Economics Literatures Vol. 6 No. 1 (2025): Journal of Islamic Economics Literatures
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/jiel.v6i1.634

Abstract

The decolonization of the Muslim world, pan-Islamic thought, and debates surrounding the Riba centric economy especially after the 1940s all contributed to the development of Islamic economics in the first half of 20th century. Islamic economics with its firm bases in the Quran, has gradually emerged in the 20th century as a result of Muslim intellectuals to reform their socio-political and economic structures. In the subcontinent the prominent efforts were made by Seoharvi (1938), Siddiqi (1943), Hamidullah (1936, 1941, and 1944), Gilani (1947), Yusufuddin (1950), and others. They all have discussed, evaluated and debated the Islamic economic thought and made its comparative analysis. This initial literary phase roughly from 1930-1970 has been earmarked with pervasive writings on major themes of Islamic Economics and its competence focused mostly on the concept of riba (usury) its material and spiritual shortcomings, flaws in the socialism and capitalist economic systems. Moreover, scholars from the sub-continent offered the earliest models of interest-free banking i.e. Uzair 1955, Nejatullah Siddiqui 1969, based on a two-tier Mudarabah, Profit Loss Sharing and Murabahah mechanism. In this context, the current study highlights the politico-economic factors that led to the development of Islamic Economics with a historical and revisionist perspective. The data presented in the research is updated and examines varied dimensions of Islamic Economic thought, together with making an illustration of the comprehensive writings on the subject.
The Role of Waqf in Strengthening Primary Healthcare Services in Gombe State Rural Communities Muhammad, Adamu Abubakar; Mikail, Usman Jibril; Ahmad, Muhammad Hamma Adama; Ardo, Adam Muhammad; Wani, Athar Shahbaz; Khatoon, Ghousia
Aktual: Jurnal Pengabdian Kepada Masyarakat Vol. 3 No. 3 (2025): Aktual: Jurnal Pengabdian Kepada Masyarakat September 2025
Publisher : CV Media Inti Teknologi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58723/aktual.v3i3.386

Abstract

Background of study: This study examines the advantages, difficulties, and prospective advancements of Waqf in bolstering primary healthcare services in Gombe State's rural regions. Waqf, an Islamic endowment for social welfare, has long provided funding for healthcare and education, but its ability to provide rural health care is still restricted.Aims and scope of paper: The study intends to evaluate the role Waqf institutions play in primary healthcare and offer solutions for enhancing their sustainability and effectiveness in rural Nigeria.Methods: Qualitative and quantitative data were combined in a mixed-methods approach. Structured interviews and questionnaires with Waqf administrators, healthcare providers, legislators, and community members were used to collect primary data. Official reports, pertinent literature, and case studies of effective Waqf-based healthcare projects were examples of secondary data. The data was interpreted using thematic analysis and descriptive statistics.Result: The results show that Waqf institutions build facilities, offer subsidized medical services, and help staff in order to give vital healthcare support. Their efficacy is hampered by issues like low public knowledge, shoddy legislative frameworks, erratic funding, inadequate asset management, and little cooperation with government organizations. Important suggestions include bolstering relationships, strengthening legal and policy frameworks, and promoting financial sustainability through investment.Conclusion: According to the study's findings, Waqf can be a long-term source of finance for rural healthcare with effective management, lowering reliance on government and outside assistance while fostering fair access to healthcare throughout Gombe State.