FACETS OF HALAL INDUSTRY

Size: px
Start display at page:

Download "FACETS OF HALAL INDUSTRY"

Transcription

1 FACETS OF HALAL INDUSTRY Dato Dr. Ismail Ibrahim Chairman, Global Integrity Products & Services Sdn Bhd World Halal Research Summit 2010 KLCC Malaysia 23 June 2010, 10 Rejab 1431H

2 Scope Introduction Principles of Halal Transforming Knowledge to Innovate Halal Industry Facets of Halal Industry Summary

3 INTRODUCTION Halal is an Arabic word meaning something which is permissible, legal and good for the community. Halal when used in relation to food and drink, means permissible for consumption by Muslims Halal is a concept that shares universal values that promote peace, prosperity, tolerance and development in all aspects of the community Haram is the opposite of halal (illegal, prohibited)

4 PRINCIPLES OF HALAL The basic principle established by Islam is the principle of natural usability and permissibility of things. Nothing is forbidden except what is prohibited either by a verse of the Quran or an authentic and explicit Sunnah of the Prophet Muhammad (pbuh). Dr. Yusof Qaradawi outlined the concept of Halal into 11 points as follows:

5 PRINCIPLES OF HALAL AND HARAM IN ISLAM 1. All things created by Allah S.W.T are halal, with few exceptions that are specifically prohibited. 2. To make halal or haram is the right of Allah alone. 3. The basic reason for the prohibition of things are due to impurity and harmfulness. 4. What is halal (permitted) is sufficient and what is haram (prohibited) is superfluous. 5. Whatever is conducive to the haram (prohibited) is in itself is haram (prohibited).

6 PRINCIPLES OF HALAL (continue) 6. Falsely representing unlawful haram as lawful halal is prohibited. 7. Doubtful things should be avoided. 8. Good intentions do not make the unlawful (haram) acceptable. 9. Doubtful things should be avoided. 10.Unlawful (Haram) things are prohibited to everyone alike. 11.Necessity dictates exceptions

7 Objectives of Maqasid Al-Shariah Protection of faith/aqidah E.g.: Alcoholics do not recognize his God Protection of life E.g.: Poisonous food will damage body & soul Protection of mind/islamic mentality E.g.: Liquor can result in lost control of the mind Protection of property E.g.: Muamalah Batilah Protection of progeny/future generation E.g.: Halal food and healthy diet will produce strong and healthy family

8 Transforming Knowledge into Halal Industry Al Quran Surah Al-Alaq: Read! In the Name of your Lord, Who has created (all that exists). (Verse 1)

9 Halal Industry in the Quran Need to study the Quran R&D based on Quranic science Development of new technology Technology commercialization Development of Halal industry

10 Facets of Halal Industry Products Food Medicine Cosmetic Fashion Services Standard & Certification Education, Training & R&D Finance Tourism

11 The Halal Food Industry Al Quran Surah Al-Baqarah: O ye people! Eat of what is on earth, Halal and good; and do not follow the footsteps of the Evil One, for he is to you an avowed enemy. (Verse 168)

12 So eat of the sustenance which Allah has provided for you, lawful and good; and be grateful for the favours of Allah, if it is He Whom ye serve. He has only forbidden you dead meat, and blood, and the flesh of swine, and any (food) over which the name of other than Allah has been invoked. But if one is forced by necessity, without wilful disobedience, nor transgressing due limits, then Allah is Oft-Forgiving, Most Merciful. (An-Nahl : )

13 The Halal Food Industry Main halal products frozen food - chilled food - ready-to-eat food - snacks Ingredients, additives, spices

14 The Halal Medicine Industry Al Quran Surah Al-Baqarah: and do not throw yourselves into destruction (by not spending your wealth in the Cause of Allah). (Verse 195)

15 There comes forth from their bellies, a drink of varying colour wherein is healing for men (An-Nahlu : 69) 15

16 The Halal Medicine Industry

17 The Halal Cosmetic Industry Al Quran Surah Al-Baqarah: Truly, Allâh loves those who turn unto Him in repentance and loves those who purify themselves. (Verse 222)

18 The Halal Cosmetic Industry

19 The Halal Fashion Industry Al Quran Surah Al-Ahzab: O Prophet! Tell your wives and your daughters and the women of the believers to draw their cloaks (veils) all over their bodies (i.e.screen themselves completely except the eyes or one eye to see the way). (Verse 168)

20 The Halal Fashion Industry

21 Islamic Finance Al-Quran Surah Al-Baqarah O you who believe! Be afraid of Allâh and give up what remains (due to you) from Ribâ (usury) (from now onward), if you are (really) believers. (Verse 278) 21

22 The Islamic Finance Industry Islamic banking business means banking business whose aims and operations do not involve any element which is not approved by the Religion of Islam. (Source: Malaysia Islamic Banking Act 1983) Islamic Banking Act 1983 Elements not approved by Islam : Riba (interest), Maisir and Gharar

23 The Halal Certification Industry Al Quran Surah Al-Hujurat: O ye who believe! If an evil-liver bring you tidings, verify it, lest ye smite some folk in ignorance and afterward repent of what ye did. (Verse 6)

24 Halal Standards

25 Malaysian Halal Certification

26 The Halal Training Industry Al Quran Surah Al-Alaq: Read! In the Name of your Lord, Who has created (all that exists). (Verse 1)

27 Education and Halal Training Industry

28 The Halal Education and Training Industry Syariah Usuluddin Aqidah and Philosophy

29 The Halal Tourism Industry Al Quran Surah An-Nisa: Was not the earth of Allâh spacious enough for you to emigrate therein?. (Verse 97)

30 So travel through the land and see what was the end of those who denied (the truth) An-Anahlu 36 30

31 Halal Tourism Industry Halal food at hotel & tourist spot Prayer time & Kiblah direction Praying area at tour site Halal airlines and women-only hotels are up and coming investment trends currently gaining global popularity

32 GIPS Services GIPS is Global Integrity Products and Services Sdn Bhd Provides Halal Integrity services: 1. Halal Training Halal Management Halal Business Halal Audit 2. Halal Consultancy 3. Halal Commercialization Contact: Phone: Fax:

33 Summary Discovery based on the Quran Research and Technology commercialization Facets of Halal industry: Products and Services Halal industry will be the next world market force

34 THANK YOU FOR YOUR ATTENTION Global Integrity Products and Services No.3, 3 rd Floor Block C, Laman Seri Business Park Section 13, Shah Alam Selangor Darul Ehsan

GUIDELINES FOR USE OF NON-HALAL MEDICINES FOR MUSLIM PATIENTS

GUIDELINES FOR USE OF NON-HALAL MEDICINES FOR MUSLIM PATIENTS GUIDELINES FOR USE OF NON-HALAL MEDICINES FOR MUSLIM PATIENTS Amrahi bin Buang RPh 581 MMPS Kuala Lumpur, Malaysia MPS SC 2015 - Amrahi - 14.11.15 1 Use of Non-Halal Medicine For Muslims Formulation of

More information

Session 6 The Significance of Islamic Investment Principles - Empirical Evidence from International Investment Funds En. Mohd Syukry Mohd Saidein,

Session 6 The Significance of Islamic Investment Principles - Empirical Evidence from International Investment Funds En. Mohd Syukry Mohd Saidein, Session 6 The Significance of Islamic Investment Principles - Empirical Evidence from International Investment Funds En. Mohd Syukry Mohd Saidein, Assistant Vice President, Wealth Management, Bank Rakyat

More information

What is Shariah Compliant Hospital Criteria and Scope?

What is Shariah Compliant Hospital Criteria and Scope? What is Shariah Compliant Hospital Criteria and Scope? Raimi Rahmat Yahaya To Link this Article: http://dx.doi.org/10.6007/ijarbss/v8-i5/4483 DOI: 10.6007/IJARBSS/v8-i5/4483 Received: 10 March 2018, Revised:

More information

WORLD HALAL RESEARCH Istihalah: Concept and Application. Assoc. Prof. Dr. Abdul Rahman Awang

WORLD HALAL RESEARCH Istihalah: Concept and Application. Assoc. Prof. Dr. Abdul Rahman Awang WORLD HALAL TM RESEARCH 2011 Istihalah: Concept and Application Assoc. Prof. Dr. Abdul Rahman Awang Faculty of Laws International Islamic University Malaysia Shariah Advisor, HDC Introduction A general

More information

What is wrong with Interest? Ansar Finance Group. Islamic Finance for the Community by the Community

What is wrong with Interest? Ansar Finance Group. Islamic Finance for the Community by the Community What is wrong with Interest? Ansar Finance Group Islamic Finance for the Community by the Community What is wrong with Interest? Islamic point of view Interest has been declared Haram (forbidden) by Allah

More information

UNDERSTANDING THE SHARI AH PRINCIPLES OF INVESTMENT & WEALTH GENERATIONS

UNDERSTANDING THE SHARI AH PRINCIPLES OF INVESTMENT & WEALTH GENERATIONS UNDERSTANDING THE SHARI AH PRINCIPLES OF INVESTMENT & WEALTH GENERATIONS Organized by: Federation of Investment Managers Malaysia Date: 9 May 2012 Venue: Bukit Kiara Equestrian and Country Resort Arbayah

More information

November 14, Morning Class. Ayah 4. is the most generous and out of His mercy He made the pen a mean for teaching and. learning His creation (

November 14, Morning Class. Ayah 4. is the most generous and out of His mercy He made the pen a mean for teaching and. learning His creation ( November 14, 2012 Morning Class Ayah 4 Allah is the most generous and out of His mercy He made the pen a mean for teaching and learning His creation ( the pen is a wasila by Allah creation learning. ).

More information

Session 1. Overview of Islamic Finance

Session 1. Overview of Islamic Finance Session 1 Overview of Islamic Finance 1 Islam is a way of Life There are rules governing the many facets and aspects of life. AQIDAH (Faith & Beliefs) SHARIAH (Practices & Activities) AKHLAK (Moral & Ethics)

More information

THE HISTORY OF BUSINESS AND TRADE PRACTICED BY THE LAST MESENGGER OF ALLAH

THE HISTORY OF BUSINESS AND TRADE PRACTICED BY THE LAST MESENGGER OF ALLAH THE HISTORY OF BUSINESS AND TRADE PRACTICED BY THE LAST MESENGGER OF ALLAH Mohd Rafi, Mohammad Iqbal; Mohd Kamal, Mohd Fathullah; Gapar, Muhammad Akmal Hizami; Razak,Wan Zakwan Financial Mathematics Faculty

More information

89. And the Day We will resurrect among every nation a witness over them from Surah 16: The Bee (v ) Part - 14

89. And the Day We will resurrect among every nation a witness over them from Surah 16: The Bee (v ) Part - 14 82. Then, if they turn away, then only upon you is the clear conveyance (of the Message). 82 the clear. (is) the conveyance 382 upon you then only they turn away Then, if 83. They recognize the Favor of

More information

The Dangers of Riba. Author : MuslimsInCalgary

The Dangers of Riba. Author : MuslimsInCalgary Muslims in Calgary http://muslimsincalgary.ca The Dangers of Riba Author : MuslimsInCalgary Is it not amazing that a Muslim will never eat pork because it is haram (unlawful); never marry his mother or

More information

The Internationalization of Islamic Finance and the Role of International Educational Centres in Human Capital Development

The Internationalization of Islamic Finance and the Role of International Educational Centres in Human Capital Development The Internationalization of Islamic Finance and the Role of International Educational Centres in Human Capital Development Mohd-Pisal Zainal, Ph.D. Henley Business School Malaysia Monday, April 3, 2017

More information

New Challenges in Asia

New Challenges in Asia 12 th Asian Law Institute Conference New Challenges in Asia 21 st Thursday & 22 nd Friday May 2015 Taiwan CHILD S RIGHT TO LIFE IN THE LIGHT OF THE OBJECTIVES OF ISLAMIC LAW (MAQASID AL- SHARI AH) Azizah

More information

Muslim Friendly Tourism

Muslim Friendly Tourism Muslim Friendly Tourism Best Practises in Non-Muslim countries By Dr. Mohamed battour Outline Muslim friendly destination Treat Muslim tourists with respect Promote Taiwan to Muslim Travelers Some suggestions

More information

Shariah-Compliant Investments: Risks and Returns

Shariah-Compliant Investments: Risks and Returns Shariah-Compliant Investments: Risks and Returns BADLISYAH ABDUL GHANI CEO, Group Islamic Banking, CIMB Group CEO, CIMB Islamic Bank Bhd 2nd Islamic Wealth Management and Financial Planning Conference

More information

Serving Muslim Clients. A very brief introduction to Islamic Finance

Serving Muslim Clients. A very brief introduction to Islamic Finance Serving Muslim Clients A very brief introduction to Islamic Finance History of Islamic finance Not New 1500 years of development. During Classical period, commerce flourished under Islamic commercial law.

More information

Osman Bakar, PhD. Deputy CEO, IAIS Malaysia Emeritus Professor of Philosophy of Science, University of Malaya

Osman Bakar, PhD. Deputy CEO, IAIS Malaysia Emeritus Professor of Philosophy of Science, University of Malaya Osman Bakar, PhD Deputy CEO, IAIS Malaysia Emeritus Professor of Philosophy of Science, University of Malaya Presented at World Islamic Tourism Forum (WITF) 2011 co-organized by IAIS Malaysia and GITO

More information

Children s Education Series Book - 4

Children s Education Series Book - 4 Children s Education Series Book - 4 Amir Zaman Nazma Zaman 2 Assalamu-Alaikum Peace be upon you Amir Zaman Nazma Zaman Email: amiraway@hotmail.com www.themessagecanada.com 1 st Edition: July 2012 Price:

More information

Noble Qur'an (English Translation) Dr. Muhammad Taqi-ud-Din Al-Hilali, Dr. Muhammad Muhsin Khan

Noble Qur'an (English Translation) Dr. Muhammad Taqi-ud-Din Al-Hilali, Dr. Muhammad Muhsin Khan Noble Qur'an (English Translation) Dr. Muhammad Taqi-ud-Din Al-Hilali, Dr. Muhammad Muhsin Khan The Noble Qur'an, known as the Hilali-Khan translation, is a translation of the Qur'an by Dr. Muhammad Muhsin

More information

ISLAMIC AND NON-ISLAMIC FINANCE IN CONTEMPORARY PERSPECTIVE

ISLAMIC AND NON-ISLAMIC FINANCE IN CONTEMPORARY PERSPECTIVE ISLAMIC AND NON-ISLAMIC FINANCE IN CONTEMPORARY PERSPECTIVE Dr. Mohd Daud Bakar President/CEO International Institute of Islamic Finance (IIIF) Inc. mdaud@iiif-inc.com www.iiif-inc.com Islamic Finance

More information

Ways to Attract Islamic Compliant Investors to Funds and Products. Jonathan Lawrence 27 June 2012

Ways to Attract Islamic Compliant Investors to Funds and Products. Jonathan Lawrence 27 June 2012 Ways to Attract Islamic Compliant Investors to Funds and Products Jonathan Lawrence 27 June 2012 The demographics 26.4% of the global population will likely be Muslim by 2030 Currently 23% in 2012 Percentage

More information

Wise. i.e. Allah (SWT) raised his body along with his soul up unto Himself as mentioned in the previous ayah.

Wise. i.e. Allah (SWT) raised his body along with his soul up unto Himself as mentioned in the previous ayah. ب س م الل ه الر ح م ن الر ح يم (158) But Allah (SWT) raised him up unto Himself. And Allah (SWT) is Ever All-Powerful, All- Wise. i.e. Allah (SWT) raised his body along with his soul up unto Himself as

More information

Introduction: Difference between Al Wali and Al Mowla. The name of Allah Al Wali in the Quran. Knowing Allah Al Wali.

Introduction: Difference between Al Wali and Al Mowla. The name of Allah Al Wali in the Quran. Knowing Allah Al Wali. AL WALI 14 th April,2015 Introduction: Difference between Al Wali and Al Mowla! Allah Al Wali is the One Who is taking charge of all your affairs and others without even asking Him! Allah Al Mowla is the

More information

(101) O you who believe! Ask not about things which, if made plain to you, may cause you

(101) O you who believe! Ask not about things which, if made plain to you, may cause you ب س م الل ه الر ح م ن الر ح يم (101) O you who believe! Ask not about things which, if made plain to you, may cause you trouble. Allah (SWT) forbids His servants from asking unnecessary and useless questions

More information

The Spiritual Foundation of The Cary Masjid Governance

The Spiritual Foundation of The Cary Masjid Governance The Spiritual Foundation of The Cary Masjid Governance Why Cary Masjid? A CLOSE PROXIMITY MASJID TO OFFER FIVE DAILY SALAH CHOICE TO PRACTICE YOUR MADHAB There is no compulsion and coercion in regard to

More information

Antecedents of Halal food marketing in a Muslim country: Consumer insights from Pakistan

Antecedents of Halal food marketing in a Muslim country: Consumer insights from Pakistan Antecedents of Halal food marketing in a Muslim country: Consumer insights from Pakistan Mrs. Faryal Salman Doctoral Candidate Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST)

More information

76 - And (there is) no god. except Allah. And indeed, Allah is the All- Mighty, the All-Wise.

76 - And (there is) no god. except Allah. And indeed, Allah is the All- Mighty, the All-Wise. 76 - And there is no god except. And indeed, is the All- Mighty, the All-Wise. (is) the All-Mighty, surely He, And indeed,. except And (there is) no god 63. And if they turn back, then indeed, is All-Knowing

More information

TENTATIVE SCHEDULE END-OF-SEMESTER EXAMINATION SEMESTER /2019

TENTATIVE SCHEDULE END-OF-SEMESTER EXAMINATION SEMESTER /2019 QBA1236 QBA2134 ACC2236 BUSINESS STATISTICS BUSINESS STATISTICS MANAGEMENT ACCOUNTING ACC2233 FINANCIAL ACCOUNTING 3 DCT1234 STRUCTURED PROGRAMMING DES3241 ADVANCED PROGRAMMING DCS2243 OBJECT ORIENTED

More information

MAQASID AL SHARIAH IN THE GOVERNANCE AND MANAGEMENT STRATEGY OF ISLAMIC TOURISM BUSINESSES

MAQASID AL SHARIAH IN THE GOVERNANCE AND MANAGEMENT STRATEGY OF ISLAMIC TOURISM BUSINESSES MAQASID AL SHARIAH IN THE GOVERNANCE AND MANAGEMENT STRATEGY OF ISLAMIC TOURISM BUSINESSES ASSOC. PROF. DR NOR AIN OTHMAN & ROZIAN MOHD TAHA FACULTY OF HOTEL AND TOURISM MANAGEMENT UNIVERSITI TEKNOLOGI

More information

CERTIFICATE IN ISLAMIC BANKING AND FINANCE

CERTIFICATE IN ISLAMIC BANKING AND FINANCE CERTIFICATE IN ISLAMIC BANKING AND FINANCE INTRODUCTION Islamic Finance refers to the provision of financial services in accordance with the Shari ah Islamic law, principles and rules. Shari ah does not

More information

ISSUES OF LIFE MINISTRIES Self-Help Study Guide

ISSUES OF LIFE MINISTRIES Self-Help Study Guide ISSUES OF LIFE MINISTRIES Self-Help Study Guide What the Koran Says About Jesus (Published July 2015) What the Koran Says About Jesus The word Quran (or Koran) is Arabic meaning "recitation" referring

More information

Follow not the footsteps of Satan.

Follow not the footsteps of Satan. In the Name of Allah, the Most Beneficent, the Most Merciful Follow not the footsteps of Satan. Satan or Iblis rather is our open, most blatant and deceiving enemy; such an enemy that we cannot see with

More information

FRIDAY SERMON. Acting Wisely and Graciously as The Sunnah of Rasulullah s.a.w.

FRIDAY SERMON. Acting Wisely and Graciously as The Sunnah of Rasulullah s.a.w. FRIDAY SERMON 2 Rabiul Akhir 1436H / 23 January 2015 Acting Wisely and Graciously as The Sunnah of Rasulullah s.a.w. Khatib: Ustaz Mohamad Firdaus bin Pazim Islamic Officer Islamic Centre UTM Beloved

More information

Islamic Finance & Europe: a necessary dialogue

Islamic Finance & Europe: a necessary dialogue Islamic Finance & Europe: a necessary dialogue By Reza Zain Jaufeerally, (LLB, BVC Middle Temple, LLMs) Researcher, Centre for Ethics & Economics, University of Leuven IFSB 4 th Islamic Financial Services

More information

But if they deny you, then say, Your Lord is the Possessor of Vast Mercy, but His wrath will not be repelled

But if they deny you, then say, Your Lord is the Possessor of Vast Mercy, but His wrath will not be repelled 201 - Allah enjoined you when witnesses were you Or (of) the two females? Allah against invents than (one) who (is) more unjust Then who with this? Allah Indeed, knowledge? without the people to mislead

More information

Review: Islamic business moral principles

Review: Islamic business moral principles International Journal of Management Science 2014; 1(3): 47-51 Published online August 20, 2014 (http://www.aascit.org/journal/ijms) Review: Islamic business moral principles Muhammad Hashim Government

More information

The Early Bird Challenge Worksheet 3: June 2012 focus on dua

The Early Bird Challenge Worksheet 3: June 2012 focus on dua The Early Bird Challenge Worksheet 3: June 2012 focus on dua Diagnosis: In private, or with someone else if you prefer, enter your answer to the following questions: Ramadan Early Bird Series 2012 Question

More information

the society and how to deal with them having taqwa mostly about the rights.

the society and how to deal with them having taqwa mostly about the rights. March 17, 2013 Sifaat Al Muttaqin - Al Ma'idah - [Juz 5: Ayah2] Today Insha Allah we will start Surah-e-Ma idah after completing the Ayahs on Muttaqin in Surah Baqara, Ale-Imran and An-Nisa. All these

More information

manah Institute of Islamic Finance and Economics Learn at Your Pace, Anytime, Anywhere

manah Institute of Islamic Finance and Economics Learn at Your Pace, Anytime, Anywhere manah Institute of Islamic Finance and Economics Learn at Your Pace, Anytime, Anywhere SCHOLARSHIP AVAIL A BLE Amanah Institute of Islamic Finance and Economics (Amanah IIFE) Post Graduate Diploma in Islamic

More information

DRAFT MALAYSIAN STANDARD. Muslim friendly hospitality services Requirements. OFFICER/SUPPORT STAFF: (NMZ/sat)

DRAFT MALAYSIAN STANDARD. Muslim friendly hospitality services Requirements. OFFICER/SUPPORT STAFF: (NMZ/sat) DRAFT MALAYSIAN STANDARD 12I002R0 STAGE: PUBLIC COMMENT (40.20) DATE: 01/08/2014 30/09/2014 Muslim friendly hospitality services Requirements OFFICER/SUPPORT STAFF: (NMZ/sat) ICS: 03.120.10 Descriptors:

More information

FINALIZED SCHEDULE END-OF-SEMESTER EXAMINATION SEMESTER /2019

FINALIZED SCHEDULE END-OF-SEMESTER EXAMINATION SEMESTER /2019 FINALIZED SCHEDULE END-OF-SEMESTER EXAMINATION SEMESTER 1 2018/2019 DATE / DAY TIME CODE COURSE NAME QBA1236 QBA2134 ACC2236 DCT1234 DBF3231 BUSINESS STATISTICS BUSINESS STATISTICS MANAGEMENT ACCOUNTING

More information

On the most superior way to seek forgiveness of Allah the Almighty First Sermon All praise is due to Allah, the Exalted in Might, the Bestower of

On the most superior way to seek forgiveness of Allah the Almighty First Sermon All praise is due to Allah, the Exalted in Might, the Bestower of On the most superior way to seek forgiveness of Allah the Almighty First Sermon All praise is due to Allah, the Exalted in Might, the Bestower of favours. I bear witness that there is no deity save Allah,

More information

Surah 9: The Repentance (v ) Part They swear 95

Surah 9: The Repentance (v ) Part They swear 95 275 (Do) not Say, to them. you (have) returned when to you They will make excuses of Allah (has) informed us Verily, you. we will believe never make excuse, Then and His Messenger. your deeds, and Allah

More information

40 Top Questions For New Muslims. Collected by : Ali Ateeq Al-Dhaheri

40 Top Questions For New Muslims. Collected by : Ali Ateeq Al-Dhaheri 40 Top Questions For New Muslims Collected by : Ali Ateeq Al-Dhaheri 1 Introduction All praise is due to Allah. We praise Him, seek for His assistance and forgiveness and we seek refuge with Him from evils

More information

ASB/ASN Investment from the Maqasid al-shari ah Perspective. Assoc. Prof. Dr. Mohamed Azam Mohamed Adil Deputy CEO, IAIS Malaysia.

ASB/ASN Investment from the Maqasid al-shari ah Perspective. Assoc. Prof. Dr. Mohamed Azam Mohamed Adil Deputy CEO, IAIS Malaysia. ASB/ASN Investment from the Maqasid al-shari ah Perspective Assoc. Prof. Dr. Mohamed Azam Mohamed Adil Deputy CEO, IAIS Malaysia. Introduction Lately, debate over the permissibility of ASB/ASN occurs again.

More information

Methods and Methodologies in Fiqh and Islamic Economics. Muhammad Yusuf Saleem (2010)

Methods and Methodologies in Fiqh and Islamic Economics. Muhammad Yusuf Saleem (2010) 1 Methods and Methodologies in Fiqh and Islamic Economics Muhammad Yusuf Saleem (2010) INTRODUCTION 2 Explains about methodology and methods of reasoning in fiqh and their applications to Islamic Economics

More information

Surah Al-Maaidah. O believers! Fulfil your contract obligations...

Surah Al-Maaidah. O believers! Fulfil your contract obligations... Surah Al-Maaidah When we say that we believe in Allah, it is a sort of pact between Allah and us in which we agree to obey Him in all areas of life. But what a pity it is that we don t relate faith with

More information

Developing Halal Tourism Route In Sountern Thailand: An Exploratory Study. Tawat Noipom 1 Ruslee Nuh 2

Developing Halal Tourism Route In Sountern Thailand: An Exploratory Study. Tawat Noipom 1 Ruslee Nuh 2 Developing Halal Tourism Route In Sountern Thailand: An Exploratory Study Tawat Noipom 1 Ruslee Nuh 2 Reviewed by: Associate Prof. Dr. Salmy Edawati Yaacob Abstract Halal tourism is a global phenomenon

More information

RACISM AND ETHNOCENTRISM SHADEN ABUBAKER

RACISM AND ETHNOCENTRISM SHADEN ABUBAKER RACISM AND ETHNOCENTRISM SHADEN ABUBAKER WHAT IS RACISM? Racism is the belief that one race is superior to another, or one color of skin is superior to another, or the people of one country are superior

More information

Chapter 1: Merits of Good Akhlaq

Chapter 1: Merits of Good Akhlaq Chapter 1: Merits of Good Akhlaq 1. In how many groups can we divide people? A. Two Groups: good people and bad people 2. What makes some people good and some bad? A. Their Manners 3. What is the exact

More information

Islam Respecting Diversity

Islam Respecting Diversity Islam Respecting Diversity Put Yourself In My Shoes! Slide 2 The country with the largest Muslim population is. a. India b. Indonesia c. Saudi Arabia d. Iraq Slide 3 Who is American? Slide 4 Most Muslims

More information

DUBAI THE CAPITAL OF THE ISLAMIC ECONOMY

DUBAI THE CAPITAL OF THE ISLAMIC ECONOMY DUBAI THE CAPITAL OF THE ISLAMIC ECONOMY THE VISION The ecosystem of the Islamic economy harmonizes ethics with innovation, and combines real commitment with actual development objectives in order to meet

More information

Do we know our Creator

Do we know our Creator Section I. Knowing God. The Gigantic Universe in which we live! Imagine! How huge is this universe. We are not even a dot on this earth... and the earth is a small part of the solar system... and the solar

More information

General Points on Influence of Religion on the Law and the Relevance of Religion for Law

General Points on Influence of Religion on the Law and the Relevance of Religion for Law ISLAMIC FINANCIAL OUTLOOK AND THE INFLUENCE OF RELIGION ON THE LAW Professor Javaid Rehman, Islamic Law & International Law Brunel University, 9 September, 2011 General Points on Influence of Religion

More information

CONSUMER PROTECTION IN ISLAM: AN OVERVIEW. Hamidah Ayob 1

CONSUMER PROTECTION IN ISLAM: AN OVERVIEW. Hamidah Ayob 1 CONSUMER PROTECTION IN ISLAM: AN OVERVIEW Hamidah Ayob 1 Abstract Consumer protection has been addressed in the past, 1400 years ago during the period of the Prophet Muhammad peace be upon him. Corresponding

More information

SLIDES file # 2. Course No: ISL 110 Course Title: Islamic Culture Instructor: Mr. Taher Shah Hussain Chapter 1 : Sources of Islamic Legislation

SLIDES file # 2. Course No: ISL 110 Course Title: Islamic Culture Instructor: Mr. Taher Shah Hussain Chapter 1 : Sources of Islamic Legislation SLIDES file # 2 Course No: ISL 110 Course Title: Islamic Culture Instructor: Mr. Taher Shah Hussain Chapter 1 : Sources of Islamic Legislation SOURCES OF ISLAMIC LAW QUR AAN SUNNAH AL-IJMAH QIYAS Al-Ijtihad

More information

On the reward the doers of good First Sermon All praise is due to Allah, the Lord of the Worlds. He rewards the dowers of good generously.

On the reward the doers of good First Sermon All praise is due to Allah, the Lord of the Worlds. He rewards the dowers of good generously. On the reward the doers of good First Sermon All praise is due to Allah, the Lord of the Worlds. He rewards the dowers of good generously. For them He prepared the Gardens of Pleasure. I bear witness that

More information

Islamic Business: Basic Concepts of Shariah and Business. Dr Evony Silvino Violita, Ak., CA.

Islamic Business: Basic Concepts of Shariah and Business. Dr Evony Silvino Violita, Ak., CA. Islamic Business: Basic Concepts of Shariah and Business Dr Evony Silvino Violita, Ak., CA. 2016 Economics is about... The allocation and distribution of scarce resources which have unlimited uses There

More information

SOFT SKILLS 1 SPIRITUAL INTELLIGENCE 2. by Mansor Bin Sulaiman CMLHS

SOFT SKILLS 1 SPIRITUAL INTELLIGENCE 2. by Mansor Bin Sulaiman CMLHS SOFT SKILLS 1 SPIRITUAL INTELLIGENCE 2 by Mansor Bin Sulaiman CMLHS mansor@ump.edu.my THE CONCEPT OF IBADAH IN ISLAM INTRODUCTION Ibadah is the fundamental in Islam where it is the second pillar after

More information

In the name of Allah, the Beneficent, the Merciful. Tauheed and Sunnah. By Qazi Fazlullah

In the name of Allah, the Beneficent, the Merciful. Tauheed and Sunnah. By Qazi Fazlullah In the name of Allah, the Beneficent, the Merciful. Tauheed and Sunnah By Qazi Fazlullah Tauheed and Sunnah are two terms used in Shariah very frequently. Both terms are important to believe in and follow

More information

11 / PROPHET MUHAMMAD S.A.W. AND THE UNITY OF UMMAH USTAZ IBRAHIM KHALIL BIN ABDULLAH

11 / PROPHET MUHAMMAD S.A.W. AND THE UNITY OF UMMAH USTAZ IBRAHIM KHALIL BIN ABDULLAH FRIDAY SERMON 11 Rabiul Awal 1436H / 2 January 2015 PROPHET MUHAMMAD S.A.W. AND THE UNITY OF UMMAH USTAZ IBRAHIM KHALIL BIN ABDULLAH Imam MASJID SULTAN ISMAIL UNIVERSITI TEKNOLOGI MALAYSIA Dear brothers,

More information

Overview of Islamic Financial System and its Efficiency

Overview of Islamic Financial System and its Efficiency Overview of Islamic Financial System and its Efficiency Miad Nakhavali PhD Student of International Politics Faculty of Political Sciences, University of Belgrade, Serbia doi: 10.19044/esj.2017.v13n19p108

More information

Published: June By: Aboo Ishaaq Rasheed Gonzales

Published: June By: Aboo Ishaaq Rasheed Gonzales Published: June 2008 Is It Really Being Careless? A Reply to the Canadian Council of Muslim Theologians Polemic Is It Really Worth Being Careless? By: Aboo Ishaaq Rasheed Gonzales Foreword Surely the praise

More information

Chapter 1: Merits of Good Akhlaq

Chapter 1: Merits of Good Akhlaq Chapter 1: Merits of Good Akhlaq 1. In how many groups can we divide people? A. Two Groups, Good people and bad people 2. What is the reason we call some people good and some people bad? A. Because of

More information

"NATIONAL TOLERANCE "

NATIONAL TOLERANCE FRIDAY SERMON 17 Zulkaedah 1435H / 12 September 2014 "NATIONAL TOLERANCE " Ustaz Azli Bin Abdul Rahman Imam Islamic Centre UTM Dear brothers in Islam, On this blessed Friday, I like to remind myself and

More information

Islamic Banking Foundation Course Information Pack

Islamic Banking Foundation Course Information Pack Islamic Finance Institute of Southern Africa FOUNDATION COURSE IN ISLAMIC BANKING 4 Month Part-Time via Distance Learning Course Semesters : The 4 month Foundation Course in Islamic Banking takes place

More information

CENTRE OF ISLAMIC BANKING AND ECONOMICS

CENTRE OF ISLAMIC BANKING AND ECONOMICS LEARNING BEYOND THE BOUNDARIES Flexible - Elegant - Convenient & Self-Managed Study Highly structured and innovatively designed Distance Learning Program with an interactive methodology, under the supervision

More information

Capitalise on the Vast Opportunities and Potential of

Capitalise on the Vast Opportunities and Potential of Capitalise on the Vast Opportunities and Potential of HEAR FROM LEADING BANKERS: Ahmad Zaini Othman Senior General Manager AmBank Group Badlisyah Abdul Ghani Head of CIMB Islamic Commerce International

More information

Magic Pills. CAUTION: Taking these pills without reading the directions below can cause a severe harm to your health.

Magic Pills. CAUTION: Taking these pills without reading the directions below can cause a severe harm to your health. Magic Pills CAUTION: Taking these pills without reading the directions below can cause a severe harm to your health. Directions: A Magic Pill is the pill which contains magic power in it. This pill can

More information

The 1st International Conference of Social Science, Humanities & Art (ICSSHA 2018)

The 1st International Conference of Social Science, Humanities & Art (ICSSHA 2018) USA PASSION DEVELOPMENT CONFERENCE PROCEEDING The 1st International Conference of Social Science, Humanities & Art (ICSSHA 2018) 0 International Conference of Social Science, Humanities & Art (ICSSHA 2018)

More information

J-QSS Journal of Quran Sunnah Education and Special Needs Dec 2017

J-QSS Journal of Quran Sunnah Education and Special Needs Dec 2017 SEX EDUCATION: AN OVERVIEW FROM QURANIC APPROACH Siti Suhaila Ihwani, Adibah Muhtar, Norhafizah Musa UNIVERSITI TEKNOLOGI MALAYSIA sitisuhaila@utm.my adibah_dm@utm.my norhafizah@kl.utm.my Noornajihan Jaafar,

More information

A STUDY OF CONSUMER BEHAVIOUR TOWARDS ISLAMIC HOTEL: ASSESSING ON KNOWLEDGE AND RELIGIOSITY

A STUDY OF CONSUMER BEHAVIOUR TOWARDS ISLAMIC HOTEL: ASSESSING ON KNOWLEDGE AND RELIGIOSITY A STUDY OF CONSUMER BEHAVIOUR TOWARDS ISLAMIC HOTEL: ASSESSING ON KNOWLEDGE AND RELIGIOSITY Junainah Idris Azri Rizal Md Razali Business Management Department, Faculty of Management & Muamalah, International

More information

MS1500:2009 (2.3)(e) Does not contain any human parts or its derivatives that are not permitted by shariah law

MS1500:2009 (2.3)(e) Does not contain any human parts or its derivatives that are not permitted by shariah law MS1500:2009 (2.3)(e) Does not contain any human parts or its derivatives that are not permitted by shariah law OBJECTIVE At the end of the following session, you will be able to 1. state with your own

More information

So eat what God has provided you, lawful and wholesome, and be grateful for the favors of God if it is God that you serve.

So eat what God has provided you, lawful and wholesome, and be grateful for the favors of God if it is God that you serve. Advice on Food Food is a daily choice, and people ask what guidelines there are on this topic in the Quran. Almost the same text appears at four places, in 2:172 17; 5:3 4; 6:146, and 16:114 115, with

More information

M&SME ISLAMIC BANKING MASTERCLASS PACKAGEE

M&SME ISLAMIC BANKING MASTERCLASS PACKAGEE M&SME ISLAMIC BANKING MASTERCLASS PACKAGEE M&SME ISLAMIC BANKING MASTERCLASS PACKAGEE Islamic banks have been operating in places such as Bahrain, Saudi Arabia, Malaysia, Dubai and some Western Countries

More information

BLIND IN THE HEREAFTER

BLIND IN THE HEREAFTER FRIDAY SERMON 1 Syaaban 1435H / 30 May 2014 BLIND IN THE HEREAFTER USTAZ MOHD YUSOFF BIN MOHD RAWI IMAM MASJID SULTAN ISMAIL ISLAMIC CENTRE UTM JOHOR BAHRU Dear brothers, I would like remind you and myself,

More information

Program Brochure. Master Diploma. Islamic Finance. Develope Your Skills to Design Islamic Financial Services.

Program Brochure. Master Diploma. Islamic Finance. Develope Your Skills to Design Islamic Financial Services. Program Brochure Master Diploma Islamic Finance Develope Your Skills to Design Islamic Financial Services www.aims.education MDIF Program Overview Master Diploma in Islamic Finance (MDIF) is an advanced

More information

After a few days, Allah (SWT) granted Prophet (SAW) to migrate to Madina.

After a few days, Allah (SWT) granted Prophet (SAW) to migrate to Madina. We will continue our discussion on the 3 rd and last principle of Thalathul Usool which is Who is your Prophet? Last week we discussed about the reasons for Migration to Madina. Migration to Madina (continued)

More information

Shariah Compliance Hospitality Building Design: A Malay Muslim Oriented Architecture

Shariah Compliance Hospitality Building Design: A Malay Muslim Oriented Architecture Shariah Compliance Hospitality Building Design: A Malay Muslim Oriented Architecture Noor Hanita Abdul Majid 1, Zuraini Denan 1 Fauziah Hanum Abdullah 1 and Mohd Syukri Mohd Noor 1 Department of Architecture,

More information

Ch.1 Shari a and Islamic Economic System I. Islamic Way of Life

Ch.1 Shari a and Islamic Economic System I. Islamic Way of Life Ch.1 Shari a and Islamic Economic System I. Islamic Way of Life Allah (swt) creates man and designates him as khalifah (agent) on earth for the purpose of worshiping (serving) Allah in accordance with

More information

Indeed the home of the Hereafter is best First Sermon All praise is due to Allah Who make this world a provision for the Last Day.

Indeed the home of the Hereafter is best First Sermon All praise is due to Allah Who make this world a provision for the Last Day. Indeed the home of the Hereafter is best First Sermon All praise is due to Allah Who make this world a provision for the Last Day. He has prepared for the believers the fullest recompense. I bear witness

More information

The Islamic Finance Qualification (IFQ) expands upon knowledge gained from the Fundamentals of Islamic Banking and Finance.

The Islamic Finance Qualification (IFQ) expands upon knowledge gained from the Fundamentals of Islamic Banking and Finance. The Islamic Finance Qualification (IFQ) expands upon knowledge gained from the Fundamentals of Islamic Banking and Finance. It is a global qualification that covers Islamic finance from both a technical

More information

23 NOVEMBER 7 DECEMBER 2015

23 NOVEMBER 7 DECEMBER 2015 ISLAMIC PRACTICES & DEVELOPMENT TRAINING (IPDT) 2015 Developing a leading edge: high spiritual employees enhance the organization velocity 23 NOVEMBER 7 DECEMBER 2015 DUBAI MECCA MADINAH JEDDAH Co-Organised

More information

All of You Are Misguided Except Those Whom I Guide

All of You Are Misguided Except Those Whom I Guide All of You Are Misguided Except Those Whom I Guide ك م ضال إلا من هديته ] إ ل ي - English [ www.islamreligion.com website موقع دين الا سلام 2013-1434 This week we are going to begin a short series of articles

More information

Morning Class - Sunday, January 22, 2013

Morning Class - Sunday, January 22, 2013 Morning Class - Sunday, January 22, 2013 This is a series of lectures where the Muttaqin are discussed through the Ayahs of Quran covering either their characteristics or other discussion about taqwa.

More information

35 - and periods of stress. Those are the ones who are true and it is those who are the righteous.

35 - and periods of stress. Those are the ones who are true and it is those who are the righteous. 35 - and those, are true (are) the ones who Those (of) [the] stress. and (the) time and periods of stress. Those are the ones who are true and it is those who are the righteous. Prescribed believe[d]!

More information

Surah 56: The event (v ) Part - 27

Surah 56: The event (v ) Part - 27 well-protected, - - 754 24. (As) a reward for what they used to do. do. they used to for what A reward 23 well-protected, 25. They will not hear therein vain talk or sinful speech, and not vain talk therein

More information

The City School PAF Chapter

The City School PAF Chapter The City School PAF Chapter Comprehensive Worksheet Answer Key May 2018 ISLAMIYAT Class 7 The City School / PAF Chapter / Comprehensive Worksheet / May 2018 / Islamiyat / Class 7 Page 1 of 5 Section A

More information

Islamic shari Islamic Islamic Islamic Islamic Islamic Shari Shari Islamic shari

Islamic shari Islamic Islamic Islamic Islamic Islamic Shari Shari Islamic shari Islamic shari Aug 3, 2015. Thus, the Islamic Shari'a, can be. In this book, however, we will translate the word shari'ah as the laws of Islam or the. What does a Muslim mean when he uses the word din or

More information

Mr. Tahir Khurshid Head Of Audit & Inspection Group Bank Alfalah Limited

Mr. Tahir Khurshid Head Of Audit & Inspection Group Bank Alfalah Limited 1 Mr. Tahir Khurshid Head Of Audit & Inspection Group Bank Alfalah Limited Audit & Risk Review Function in Banks - Rising Expectations & Challenges Islamic Banking and Shariah audit 3 rd Pakistan Internal

More information

Chapter 6. Islam and Private Wealth Management

Chapter 6. Islam and Private Wealth Management Chapter 6. Islam and Private Wealth Management The Islamic wealth management (IWM) industry is the fastest growing segment of Islamic finance. The segment represents an estimated US$1.3 trillion of personal

More information

Islamic Economics system In the Eyes of Maulana ABSTRACT

Islamic Economics system In the Eyes of Maulana ABSTRACT Maududi-An Analysis Farooq Aziz * and Muhammad Mahmud ** ABSTRACT Attempt has been made to investigate the Islamic Economics System from the perspectives of Maulana Maududi. He is one of the greatest thinkers

More information

An Examination of Cultural-Economic Model and Public Relations in The Malaysian Islamic Banking System

An Examination of Cultural-Economic Model and Public Relations in The Malaysian Islamic Banking System Journal of Islamic Finance, Vol. 4 No. 1 (2015) 014 021. IIUM Institute of Islamic Banking and Finance ISSN 2289-2117 (O) / 2289-2109 (P) An Examination of Cultural-Economic Model and Public Relations

More information

MACE LEVEL 5 Sr. Gausia

MACE LEVEL 5 Sr. Gausia MACE LEVEL 5 Sr. Gausia OCTOBER 21, 2018 Agenda Quran: The Miracle of Revelation Lecture 2 (The Means Towards Knowledge) Aqidah The Prophets (as) & Companions (ra) (Lesson 13 & 14) WWOH discussion Homework:

More information

Situation A: Diet. Situation B: Prayer

Situation A: Diet. Situation B: Prayer 1. Read the hypothetical situation: Situation A: Diet Ali, a Muslim, is at a summer picnic with his friend, Michael. At dinner time, Michael s father, Mr. Tam, asks Ali how many pieces of barbecue pork

More information

One Day Specialized Training on Islamic Banking, Finance and Islamic Microfinance

One Day Specialized Training on Islamic Banking, Finance and Islamic Microfinance One Day Specialized Training on Islamic Banking, Finance and Islamic Microfinance th 19 January, 2018 Sofitel Hotel, Manila Philippines. ALHUDA CENTER OF ISLAMIC BANKING AND ECONOMICS AlHuda Center of

More information

Rallying Around the Rulings for Itikaf

Rallying Around the Rulings for Itikaf Rallying Around the Rulings for Itikaf From: Al- iltifafu howle Ahkamee Itikaf by Abu Ammar Yasir Al-Adenee (may Allah increase him good and bless him) Trans by: Abu Aaliyah Abdullah ibn Dwight Battle

More information

263 - Allah has made unlawful. what and making lawful Allah has made unlawful. The evil of their deeds is. Is made fair-seeming

263 - Allah has made unlawful. what and making lawful Allah has made unlawful. The evil of their deeds is. Is made fair-seeming 263 - and the earth; the heavens He created (from the) Day (of) Allah (the) ordinance so (do) not the upright, (is) the religion That (are) sacred. four of them, all together, the polytheists And fight

More information

HUMAN BLOOD AND ITS JURISTIC VIEWS, AND THE SHARIAH RULINGS OF ITS TRADE IN MODERN TIMES

HUMAN BLOOD AND ITS JURISTIC VIEWS, AND THE SHARIAH RULINGS OF ITS TRADE IN MODERN TIMES HUMAN BLOOD AND ITS JURISTIC VIEWS, AND THE SHARIAH RULINGS OF ITS TRADE IN MODERN TIMES Nura Abubakar Gwadabe Faculty of Islamic Sciences Almadinah International University, Malaysia Abstract This is

More information

MODERN TRENDS OF ECONOMIC DEVELOPMENT ALTERNATIVE BANKING SYSTEM FOR MUSLIM STATES MALAYSIA SHOWCASE

MODERN TRENDS OF ECONOMIC DEVELOPMENT ALTERNATIVE BANKING SYSTEM FOR MUSLIM STATES MALAYSIA SHOWCASE SPECIAL PROGRAMME Lomonosov Moscow State University 15 th September 2015 MODERN TRENDS OF ECONOMIC DEVELOPMENT ALTERNATIVE BANKING SYSTEM FOR MUSLIM STATES MALAYSIA SHOWCASE By: Haji Razli Ramli 1 2 What

More information