Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
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This Author published in this journals
All Journal Al-Arfa: Journal of Sharia, Islamic Economics and Law Al-Fadilah: Islamic Economics Journal
Irma Naddiya Binti Mushaddik
Unknown Affiliation
Religion Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

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Universal Basic Income: Malaysia's Golden Opportunity to Lead an Islamic Economic Revolution Irma Naddiya Binti Mushaddik; Abdulwahed Jalal Nuri; Zhilwan Tahir
Al-Arfa: Journal of Sharia, Islamic Economics and Law Vol. 3 No. 1 (2025): Transformative Islamic Economics and Law
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/arfa.v3i1.105

Abstract

As the global economy grapples with rising inequality, technological disruption, and the socio-economic aftermath of the COVID-19 pandemic. Universal Basic Income (UBI) has gained traction as a promising policy to promote economic security and social justice. This article examines UBI using a qualitative, conceptual, and normative approach, analysing its compatibility with key principles of Islamic economics, such as Zakat (mandatory almsgiving), Sadaqah (voluntary charity), Maslahah(public interest), and I’tidal (balance and moderation). By drawing on Islamic teachings, classical scholarship, and modern economic thought, the article argues that UBI aligns closely with Islamic ethical values and offers a practical, morally sound solution to addressing poverty and inequality. The paper further suggests that Malaysia, with its strong Islamic finance sector and advanced digital infrastructure, is well-positioned to pioneer the global rollout of UBI. Through descriptive and critical analysis and secondary data, it explores how Islamic financial tools like Waqf, Sukuk, and a reformed Zakat system could sustainably fund UBI. In doing so, Malaysia has the opportunity to lead in developing a transformative economic model inspired by Islamic principles.
Reimagining Global Financial Settlements: A Gold-Backed Cryptocurrency Framework Anchored in Blockchain and Islamic Finance Principles Irma Naddiya Binti Mushaddik
Al-Fadilah: Islamic Economics Journal Vol. 3 No. 2 (2025): Potential and Innovation in Islamic Economic
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/fadilah.v3i2.81

Abstract

In a world where economic turbulence and financial inequities are increasingly driven by the shortcomings of fiat currency systems, this paper advances a bold and timely proposition: the integration of gold-backed cryptocurrencies into global net settlement systems through blockchain technology. Bridging the philosophical depth of Islamic economic principles with the technical power of decentralized digital infrastructure, this study outlines a visionary framework that addresses the core weaknesses of inflation, centralization, and systemic risk. Grounded in qualitative research, including expert interviews and content analysis, the paper proposes a decentralized, ethically anchored, and technologically secure model that restores intrinsic value to money. Malaysia is identified as a strategic pioneer in this transformation, leveraging its leadership in Islamic finance and fintech to initiate a paradigm shift in global monetary governance. This work not only challenges existing financial orthodoxy but also provides a blueprint for a more stable, just, and transparent future of international finance
Co-Authors Abdulwahed Jalal Nuri Zhilwan Tahir