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Article
Publication date: 17 June 2019

Proposed models for unit trust waqf and the parameters for their application

Syahnaz Sulaiman, Aznan Hasan, Azman Mohd Noor, Muhd Issyam Ismail and Nazrul Hazizi Noordin

This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation.

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Abstract

Purpose

This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation.

Design/methodology/approach

This paper starts with the conceptual exploration of the literature in the areas of waqf. The sources of the literature cover authentic sources of the Qurʾān and ḥadīth, as well as secondary sources such as books, journal articles and online resources.

Findings

This paper provides the conceptual framework of five models of unit trust waqf and their investment management parameters.

Originality/value

The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring sustainable returns for waqf. It does so by introducing the conceptual models of unit trust waqf as viable mechanisms to pool more cash waqf from individual investors. The sustainability of the capital waqf assets in the form of unit trusts is maintained through the parameters for its application proposed towards the end of the paper.

Details

ISRA International Journal of Islamic Finance, vol. 11 no. 1
Type: Research Article
DOI: https://doi.org/10.1108/IJIF-02-2018-0019
ISSN: 0128-1976

Keywords

  • Malaysia
  • Islamic finance
  • Waqf
  • Capital market
  • Endowment
  • Unit trust

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Article
Publication date: 17 June 2019

Editorial

Beebee Salma Sairally

Open Access
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ISRA International Journal of Islamic Finance, vol. 11 no. 1
Type: Research Article
DOI: https://doi.org/10.1108/IJIF-06-2019-076
ISSN: 0128-1976

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Book part
Publication date: 12 February 2021

Human Capital Development in Malaysia: Issues and Challenges

Norizan Azizan, Faizuniah Pangil and Md. Lazim Mohd. Zin

Malaysia has shifted from a labor-intensive, agriculture-based economy since its independence in 1957 to a knowledge and innovation-based economy. Human capital…

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Abstract

Malaysia has shifted from a labor-intensive, agriculture-based economy since its independence in 1957 to a knowledge and innovation-based economy. Human capital development (HCD) is a key enabler for driving and sustaining Malaysia's socioeconomic growth. The education and training system is the main platform for HCD intervention. To sustain and achieve goals, long-term survival, competitive advantage, and sustainability, the workforce is optimized through comprehensive HCD interventions to provide the necessary knowledge, skills, and competencies needed to work effectively in a rapidly changing and complex environment. Numerous efforts have been made by the government to ensure that the education and training system has the capacity to enhance the quality and availability of intellectual and skilled human capital to support the transition toward knowledge-intensive activities, sustain economic growth, and compete in the global market. The country's development plans and policies as well as the economic development which lead toward a knowledge-based economy with a knowledge-based workforce have charted out clear transformation journeys for the development of the human capital ecosystem. This chapter presents an overview of the landscape of HCD in Malaysia. Relevant reports, plans, policies, and strategies to strengthen human capital through education and training is reviewed. Finally, a few issues and challenges that Malaysia experiences are discussed.

Details

Modeling Economic Growth in Contemporary Malaysia
Type: Book
DOI: https://doi.org/10.1108/978-1-80043-806-420211013
ISBN: 978-1-80043-806-4

Keywords

  • Human capital development
  • agriculture-based economy
  • socioeconomic growth
  • knowledge
  • education
  • training
  • Malaysia

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Book part
Publication date: 30 May 2019

Prelims

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Abstract

Details

Green Behavior and Corporate Social Responsibility in Asia
Type: Book
DOI: https://doi.org/10.1108/978-1-78756-683-520191001
ISBN: 978-1-78756-684-2

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Article
Publication date: 6 September 2011

Hospital waiting time: the forgotten premise of healthcare service delivery?

Datuk Ir M., Roslan Johari Dato Mohd Ghazali, Noor Hazilah Abd Manaf, Abu Hassan Asaari Abdullah, Azman Abu Bakar, Faisal Salikin, Mathyvani Umapathy, Roslinah Ali, Noriah Bidin and Wan Ismefariana Wan Ismail

This is a national study which aims to determine the average waiting time in Malaysian public hospitals and to gauge the level of patient satisfaction with the waiting…

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Abstract

Purpose

This is a national study which aims to determine the average waiting time in Malaysian public hospitals and to gauge the level of patient satisfaction with the waiting time. It also aims to identify factors perceived by healthcare providers which contribute to the waiting time problem.

Design/methodology/approach

Self‐administered questionnaires were the main method of data collection. Two sets of questionnaires were used. The first set solicited information from patients on their waiting time expereince. The second set elucidated information from hospital employees on the possible causes of lengthy waiting time. The questionnaires were administered in 21 public hospitals throughout all 13 states in Malaysia. A total of 13,000 responses were analysed for the patient survey and almost 3,000 were analysed for the employee survey.

Findings

The findings indicate that on average, patients wait for more than two hours from registration to getting the prescription slip, while the contact time with medical personnel is only on average 15 minutes. Employee surveys on factors contributing to the lengthy waiting time indicate employee attitude and work process, heavy workload, management and supervision problems, and inadequate facilities to be among the contributory factors to the waiting time problem.

Social implications

Public healthcare in Malaysia is in a state of “excess demand”, where demand for subsidised healthcare far outstrips supply, due to the large fee differential between public and private healthcare services. There is a need for hospital managers to reduce the boredom faced by patients while waiting, and to address the waiting time problem in a more scientific manner, as has been carried out in other countries through simulation and modelling techniques.

Originality/value

Healthcare organisations are keen to address their waiting time problem. However, not much research has been carried out in this area. The study thus fills the lacuna in waiting time studies in healthcare organisations.

Details

International Journal of Health Care Quality Assurance, vol. 24 no. 7
Type: Research Article
DOI: https://doi.org/10.1108/09526861111160553
ISSN: 0952-6862

Keywords

  • Waiting time
  • Public hospitals
  • Public healthcare
  • Customer satisfaction
  • Queuing
  • Health care
  • Malaysia

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Article
Publication date: 11 November 2014

Tawarruq application in Islamic banking: a review of the literature

Nasrun Mohamad and Asmak Ab Rahman

This paper aims to present the results of a comprehensive literature review with regard to the application of Tawarruq in the Islamic banking system covering the period…

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Abstract

Purpose

This paper aims to present the results of a comprehensive literature review with regard to the application of Tawarruq in the Islamic banking system covering the period between 2011 and before. The review aims to synthesize the previous research, capsulize the structural overview inasmuch as future research might be oriented and identify the gaps and direction for future research.

Design/methodology/approach

A range of published and unpublished documents was collated and filtered based on the defined rules to identify the determinants of the writing. The documents were then be classified into few segments in which content analysis was conducted to capsulize the essence of the subject matter described in the literature.

Findings

The analysis demonstrates that most of the studies discussed the fundamental theories which concerning the area of jurisprudence, while a few of them did discuss the application aspect in the banking environment. However, none of the operational process is discussed in-depth, whereas the risk of Shari’ah non-compliance might arise in the detail transaction.

Research limitations/implications

The databases used in the search might not contain all the documents that could be relevant for the review. Furthermore, the defined-rule for document searching and selection excluded the out-of-scope documents that might be relevant.

Originality/value

This paper identifies the gaps that become apparent in the literature in assisting researchers to ascertain the interesting areas as well as the direction for future research.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 7 no. 4
Type: Research Article
DOI: https://doi.org/10.1108/IMEFM-10-2013-0106
ISSN: 1753-8394

Keywords

  • Literature review
  • Islamic banking
  • ‘Inah
  • Cash liquidity
  • Tawarruq

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Book part
Publication date: 30 May 2019

Stakeholder Expectations Toward Green Environment: “Malaysia Go Green” through MYSaveFood Initiative

Ainu Husna M. S. Suhaimi, Aniadila Kamaruddin, Nik Rozana Nik Mohd Masdek and Rozhan Abu Dardak

Marketing Management, Consumer Behavior.

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Abstract

Subject Area

Marketing Management, Consumer Behavior.

Study Level

This case is suitable to be used in advanced undergraduate and MBA/MSc level.

Case Overview

This case illustrates the challenges related to creating awareness toward green environment in Malaysia. It revolves around the issues pertaining food losses and waste along the supply chain from farms to table. Food losses and waste are of the important manifestations of the inefficiencies that plague our food systems. Statistics by the Food and Agriculture Organization (FAO) reported that around 1.3 billion tons of food is lost and wasted every year in the world. In Malaysia, the estimated food loss is around 400,000 tons in 2015 and is increasing every year. The amount of food loss could feed around 370,000 people in a year. It is recognized that household and individual behaviors have a great impact on the environment. The individual and household behavior contributed to ecological imbalance. Personal consumption and behavior create large-scale problems such as climate change, pollution, biodiversity loss, and natural resources depletion. Green behavior relates to activities that minimizes harm to the environment. These include minimizing energy use, utilizing efficient technologies, and reducing food waste and food loss. There is increasing policy interest on managing green behavior to ensure sustainable living and environment in Malaysia. Ministry of Agriculture and Agro-based Industry (MOA) aims to embark a Green Initiative that focuses on the management of food loss and food waste. The Minister has directed The Malaysian Agricultural Research and Development Institute (MARDI) to lead the project. The Director General of MARDI requested Dr Ain Hanim, the director of Corporate Communication Centre to come out with a proposal. This proposal will be discussed at the management meeting at the middle of March, so that the Director General could present it at the Ministry’s management meeting. Taking account the whole picture, Dr Ain Hanim is now contemplating whether to propose a strategic planning that focuses on either (1) to run nationwide awareness campaign on food loss and waste (FLW), (2) to conduct impactful studies on current Malaysian Save Food (MYSaveFood) awareness campaign, or (3) to implement new policies on reducing FLW, food rescue, and food safety. Different strategy requires different amount of budget and also creates different level of impacts. She is in dilemma on which options should be the best for Malaysia.

Expected Learning Outcomes

The objective of this case is as follows:

  • to introduce students about the MySaveFood awareness programs in order to develop their understanding about the need for saving foods;

  • to expose students to the green concepts such as food loss and food waste; and

  • to train students on identifying factors and strategies that can lead to find a solution in regard to implement green activities.

to introduce students about the MySaveFood awareness programs in order to develop their understanding about the need for saving foods;

to expose students to the green concepts such as food loss and food waste; and

to train students on identifying factors and strategies that can lead to find a solution in regard to implement green activities.

Details

Green Behavior and Corporate Social Responsibility in Asia
Type: Book
DOI: https://doi.org/10.1108/978-1-78756-683-520191003
ISBN: 978-1-78756-684-2

Keywords

  • Food loss
  • food waste
  • reduction
  • awareness program
  • environment
  • green initiative
  • save food
  • sustainability
  • waste reduction
  • public private partnership
  • network

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Article
Publication date: 7 October 2019

The anti-wear and extreme pressure performance of CuO and graphite nanoparticles as an additive in palm oil

Nurul Farhanah Azman, Syahrullail Samion, Muhammad Amirrul Amin Moen, Mohd Kameil Abdul Hamid and Mohamad Nor Musa

The purpose of this paper is to investigate the anti-wear (AW) and extreme pressure (EP) performances of CuO and graphite nanoparticles as a palm oil additive.

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Abstract

Purpose

The purpose of this paper is to investigate the anti-wear (AW) and extreme pressure (EP) performances of CuO and graphite nanoparticles as a palm oil additive.

Design/methodology/approach

In this study, the AW and EP performances of CuO and graphite nanoparticles as additives in palm oil were evaluated using four ball tribotester in accordance to ASTM D4172 and ASTM D2783, respectively. The wear worn surfaces of the steel balls were analysed using high resolution microscope.

Findings

The results obtained demonstrate that CuO and graphite nanoparticles improved the AW and EP performances of the palm oil up to 2.77 and 12 per cent, respectively. The graphite nanoparticles provide better AW and EP performance than that of CuO nanoparticles.

Originality/value

This demonstrates the potential of CuO and graphite nanoparticles for improving AW and EP performances of palm oil base lubricant. Different morphology of nanoparticles will affect the AW and EP performances of nanolubricants.

Details

International Journal of Structural Integrity, vol. 10 no. 5
Type: Research Article
DOI: https://doi.org/10.1108/IJSI-03-2019-0026
ISSN: 1757-9864

Keywords

  • Additive
  • Anti-wear
  • Nanoparticles
  • Extreme pressure
  • Nanolubricants

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Article
Publication date: 12 August 2019

Application of the Tayyib concept among Malaysian muslim consumers: The role of nutrition label

Zuraidah Zainol, Rusliza Yahaya, Juliana Osman and Nor Asiah Omar

This study aims to determine the effect of health knowledge on nutrition-label use and attitude, and consequently on healthy food choice among Malaysian Muslim consumers.

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Abstract

Purpose

This study aims to determine the effect of health knowledge on nutrition-label use and attitude, and consequently on healthy food choice among Malaysian Muslim consumers.

Design/methodology/approach

This study adopts the positivist, deductive and quantitative approach. A sample consisting of 257 Muslim consumers, at least 15 years old, were selected using systematic street-intercept sampling method. Data collected using a self-administered questionnaire were analysed using descriptive statistics and structural equation modelling (SEM).

Findings

The findings reveal the significant positive effect of health knowledge on nutrition-label use and attitude towards nutrition label, but only attitude towards nutrition label significantly predicts healthy food choice.

Research limitations/implications

Though the findings add to the existing literature, provide useful information on how nutrition label could guide the consumer to make healthier food choices and serve as a reference point that could stimulate and guide future researchers and other relevant parties, this study is limited by several factors that require replication in future research.

Originality/value

This research is perhaps one of the first attempts to consider the role of nutrition label as one of the ways to comply with the Tayyib principle.

Details

Journal of Islamic Marketing, vol. 11 no. 3
Type: Research Article
DOI: https://doi.org/10.1108/JIMA-03-2018-0048
ISSN: 1759-0833

Keywords

  • Attitude
  • Muslim consumer
  • Halalan Tayyiban
  • Health knowledge
  • Healthy food choice
  • Nutrition-label use

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Article
Publication date: 9 September 2013

Real-time position control of intelligent pneumatic actuator (IPA) system using optical encoder and pressure sensor

Ahmad ‘Athif Mohd Faudzi, Khairuddin Osman, Mohd Fua'ad Rahmat, Koichi Suzumori, Nu'man Din Mustafa and Muhammad Asyraf Azman

Intelligent pneumatic actuator (IPA) is a new generation of actuator developed for Research and Development (R&D) purposes in the academic and industrial fields. The…

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Abstract

Purpose

Intelligent pneumatic actuator (IPA) is a new generation of actuator developed for Research and Development (R&D) purposes in the academic and industrial fields. The purpose of this paper is to show the application of optical encoder and pressure sensor in IPA, to develop a real-time model similar to the existing devices, and to assess the position control performance using a proportional-integrative (PI) controller and a bang-bang controller in real-time.

Design/methodology/approach

A micro optical encoder chip is used to detect cylinder rod position by reading constructed laser stripes on a guide rod, whereas a pressure sensor is used to detect the chamber pressure reading. To control the cylinder movements by manipulating pulse-width modulation (PWM) cycles, two unit valves of two ports and two positions were used. A PI controller and a bang-bang controller are used with suitable gain value to drive the valve using PWM to achieve the target actuator position.

Findings

The results show the experimental results of the closed-loop position tracking performance of the system using a data acquisition (DAQ) card over MATLAB software.

Originality/value

This paper presents a real-time model used to replace the microcontroller-based system from previous IPA design. The paper proposes two control strategies, PI and bang-bang, to control position using encoder and pressure reading.

Details

Sensor Review, vol. 33 no. 4
Type: Research Article
DOI: https://doi.org/10.1108/SR-09-2012-692
ISSN: 0260-2288

Keywords

  • Control systems
  • Control technology
  • Actuators
  • Pneumatic cylinders
  • Optical encoders
  • Pressure sensors
  • PI controller
  • Bang-bang controller

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