Efficiency and Effectiveness of Waqf Institutions in Malaysia: Toward Financial Sustainability
Financial health is crucial to the continuous existence and operation of any organisation. It is even more essential in the case of
Financial health is crucial to the continuous existence and operation of any organisation. It is even more essential in the case of
Standard economics and policy prescriptions adopt the modernization thesis as its base, which says that developing countries can modernize by undergoing secularization and westernization. However,
Monetary policy influences the real economy through various channels, including bank lending. Currently, Malaysia is operating under dual banking systems: conventional and Islamic banking. The latter has the distinctive feature of interest-free. Hence, this study aims to empirically explore the relevance of Islamic banks’ financing in channeling the monetary policy effects to the real economy.
Although short selling instruments violate the general Islamic rule of ‘do not sell what you do not own’, they have been legalazied by the Shari’ah Advisory Council (SAC) of Malaysian Securities Commission to be used in Islamic Capital Market in Malaysia. In this paper authors aim to study fiqh issues related to the short selling instruments.