The conceptual review of Islamic shariah based financing for the student in the Higher Education Institutes (HEIs) / Effuandy Pfordten Md Saleh … [et al.]
Quality Higher Education transforms human life into meaningful human resources. Moreover, it brings qualitative changes in humankind and socioeconomic development with the help of extended knowledge and higher skills. But, many devout Muslims struggle with traditional student financing, as interest...
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Center for Islamic Philanthropy and Social Finance (CIPSF)
2021
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Online Access: | https://ir.uitm.edu.my/id/eprint/52255/1/52255.pdf https://ir.uitm.edu.my/id/eprint/52255/ https://www.acbess2021.com/ |
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my.uitm.ir.522552021-11-30T03:42:22Z https://ir.uitm.edu.my/id/eprint/52255/ The conceptual review of Islamic shariah based financing for the student in the Higher Education Institutes (HEIs) / Effuandy Pfordten Md Saleh … [et al.] Md Saleh, Effuandy Pfordten Ali, Md. Jafor Sabli, Norhaila Huda, Md. Nazmul Uddin, Md. Kamal Finance, Islamic Higher Education Student loans Quality Higher Education transforms human life into meaningful human resources. Moreover, it brings qualitative changes in humankind and socioeconomic development with the help of extended knowledge and higher skills. But, many devout Muslims struggle with traditional student financing, as interest (riba) is impermissible in shariah. This study aims to review the options of the student financing concepts based on the shariah perspective and evaluate the associated issues with its application. The present qualitative study will be adopted mostly from primary and secondary sources of shariah such as Quran, Hadith, Islamic Jurisprudence, and Islamic scholars ’ views. The deliberations evolve at reviewing the shariah concept of Quard-al-hasanah, Quard-bill-ujrah, waqf (Islamic trust), and takaful. Finally, the present study highlights that the higher education financing based on the shariah concept could also be generalized into shariah-based financing that would interest (riba) free and acceptable to the Muslim community at large. Center for Islamic Philanthropy and Social Finance (CIPSF) 2021 Book Section PeerReviewed text en https://ir.uitm.edu.my/id/eprint/52255/1/52255.pdf ID52255 Md Saleh, Effuandy Pfordten and Ali, Md. Jafor and Sabli, Norhaila and Huda, Md. Nazmul and Uddin, Md. Kamal (2021) The conceptual review of Islamic shariah based financing for the student in the Higher Education Institutes (HEIs) / Effuandy Pfordten Md Saleh … [et al.]. In: E-Proceeding for Asian Conference on Business, Economics and Social Science (ACBESS) 2021. Center for Islamic Philanthropy and Social Finance (CIPSF), Alor Gajah, p. 120. https://www.acbess2021.com/ |
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Finance, Islamic Higher Education Student loans Md Saleh, Effuandy Pfordten Ali, Md. Jafor Sabli, Norhaila Huda, Md. Nazmul Uddin, Md. Kamal The conceptual review of Islamic shariah based financing for the student in the Higher Education Institutes (HEIs) / Effuandy Pfordten Md Saleh … [et al.] |
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Quality Higher Education transforms human life into meaningful human resources. Moreover, it brings qualitative changes in humankind and socioeconomic development with the help of extended knowledge and higher skills. But, many devout Muslims struggle with traditional student financing, as interest (riba) is impermissible in shariah. This study aims to review the options of the student financing concepts based on the shariah perspective and evaluate the associated issues with its application. The present qualitative study will be adopted mostly from primary and secondary sources of shariah such as Quran, Hadith, Islamic Jurisprudence, and Islamic scholars ’ views. The deliberations evolve at reviewing the shariah concept of Quard-al-hasanah, Quard-bill-ujrah, waqf (Islamic trust), and takaful. Finally, the present study highlights that the higher education financing based on the shariah concept could also be generalized into shariah-based financing that would interest (riba) free and acceptable to the Muslim community at large. |
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Book Section |
author |
Md Saleh, Effuandy Pfordten Ali, Md. Jafor Sabli, Norhaila Huda, Md. Nazmul Uddin, Md. Kamal |
author_facet |
Md Saleh, Effuandy Pfordten Ali, Md. Jafor Sabli, Norhaila Huda, Md. Nazmul Uddin, Md. Kamal |
author_sort |
Md Saleh, Effuandy Pfordten |
title |
The conceptual review of Islamic shariah based financing for the student in the Higher Education Institutes (HEIs) / Effuandy Pfordten Md Saleh … [et al.] |
title_short |
The conceptual review of Islamic shariah based financing for the student in the Higher Education Institutes (HEIs) / Effuandy Pfordten Md Saleh … [et al.] |
title_full |
The conceptual review of Islamic shariah based financing for the student in the Higher Education Institutes (HEIs) / Effuandy Pfordten Md Saleh … [et al.] |
title_fullStr |
The conceptual review of Islamic shariah based financing for the student in the Higher Education Institutes (HEIs) / Effuandy Pfordten Md Saleh … [et al.] |
title_full_unstemmed |
The conceptual review of Islamic shariah based financing for the student in the Higher Education Institutes (HEIs) / Effuandy Pfordten Md Saleh … [et al.] |
title_sort |
conceptual review of islamic shariah based financing for the student in the higher education institutes (heis) / effuandy pfordten md saleh … [et al.] |
publisher |
Center for Islamic Philanthropy and Social Finance (CIPSF) |
publishDate |
2021 |
url |
https://ir.uitm.edu.my/id/eprint/52255/1/52255.pdf https://ir.uitm.edu.my/id/eprint/52255/ https://www.acbess2021.com/ |
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