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Higher Education Finance and Islamic Endowments
Public debt pressures due to the global economic crisis in several countries have impacted higher education, compelling governments to curtail the funding of higher education institutions (HEIs). Various instruments have been proposed as a platform for the private sector to channel funding to HEIs. This book introduces readers to the issues surrounding the financing of HEIs, especially public universities, which are dependent on government budgets. It discusses the sources of funding for HEIs, focusing on philanthropic instruments through endowment and waqf funds. Since both forms of income are obtained via contributions from third parties, such as alumni, individuals, business corporations ...
Economic Capital and Risk Management in Islamic Finance
Economic capital is the subject of great debate among academics and professionals in the field of risk management. Conceptually, Islamic finance's encouragement of risk-sharing eliminates the debt burden encountered by the conventional banking sector. The majority of the Islamic banking system is based on equity-based financing. To be effective in practice, a variety of well-functioning institutions are required to translate Islamic banking concepts into a 'real-world' financial system. In spite of this, the regulatory, legal, product and operational requirements specific to Islamic banks may necessitate a distinct strategy for managing capital-related risks. This book provides a comprehensi...
The Global Halal Industry
The word ‘Halal’ translates to ‘permissible’ in English, though it encapsulates a broader meaning that goes beyond permissibility and impermissibility. Halal incorporates hygiene, cleanliness, legality, compliance, ethics as well as cultural aspects. This book provides a holistic overview of the relevant concepts but also covers Shariah, commercial, regulatory and technological aspects of the global Halal industry. It is not confined to a specific region, country or sector, rather it gives a comprehensive summary of the developments and growth across all sectors of the Halal industry, at the regional but also the global level. It is a well-researched and accessible volume which sets ...
Proceedings of the Conference on SDGs Transformation Through the Creative Economy: Encouraging Innovation and Sustainability (TCEEIS 2023)
This is an open access book.Welcome to the 7th Indonesian Conference, focused on the theme of "SDGs Transformation through the Creative Economy: Encouraging Innovation and Sustainability." This edition aims to explore the intersection between the Sustainable Development Goals (SDGs) and the creative economy, emphasizing the importance of fostering innovation and sustainability.The conference provides a platform for academics, researchers, policymakers, industry professionals, and stakeholders to gather and exchange knowledge, ideas, and experiences regarding the transformative power of the creative economy in achieving the SDGs. By examining the dynamic relationship between creativity, innov...
The Law of Riba in Islamic Banking
The issue of riba, that is, interest/the "excess" or "surplus" on loans is crucial for both Islamic and non-Islamic countries. Western economic systems use interest to distribute financial resources efficiently for investment and/or consumption, while Islamic economies pursue a completely different strategy for financing loans, which adheres to Islamic laws and prohibits the activities of conventional banking systems with regard to interest. This book argues that there is scope for new definitions and analysis based on alternative concepts which respect Islamic values and principles, yet pave the way for modification and debate. The book comprises of two parts. Theoretical issues are dealt w...
Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)
This is an open access book. Management innovation is the secret to success for companies and governments. Management breakthroughs can deliver a solid advantage for innovating organizations. On the other hand, Management Innovation is essential for society's economy growth. But what is management innovation? How to achieve economy development in many fields? The following international conference will answer and discuss those questions. The 2023 International Conference on Management Innovation and Economy Development(MIED 2023)will be held on July 28–30, 2023 in Qingdao, China. The conference mainly focused on research fields such as management innovation and economy development. MIED 2023 provides an open platform that brings worldwide scholars together to present current research and stimulate new growth in management and economy. MIED 2023 invites papers from all areas of management innovation and economy development. And We sincerely invite experts, scholars, business people, and other relevant people from universities and scientific research institutions from all over the world to attend the conference.
Proceedings of the Second International Conference on the Future of ASEAN (ICoFA) 2017 – Volume 2
This book examines how business, the social sciences, science and technology will impact the future of ASEAN. Following the ASEAN VISION 2020, it analyses the issues faced by ASEAN countries, which are diverse, while also positioning ASEAN as a competitive entity through partnerships. On the 30th anniversary of ASEAN, all ASEAN leaders agreed to the establishment of the ASEAN VISION 2020, which delineates the formation of a peaceful, stable and dynamically developed region while maintaining a community of caring societies in Malaysia, Indonesia, Singapore, Brunei, Vietnam, Thailand, the Philippines, Myanmar, Laos and Cambodia. In keeping with this aspiration, Universiti Teknologi MARA Perlis...
Proceedings of the 8th International Conference on Movement, Health and Exercise
This book gathers papers presented at the 8th International Conference on Movement, Health and Exercise (MoHE 2022) with the conference theme "Enhancing Health and Sports Performance by Design". The topics covered include exercise science; human performance; physical activity and health; sports medicine; sports nutrition; management and sports studies; and sports engineering and technology. Its content is of interest to sports scientists, researchers and practitioners from various sports and exercise sub-disciplines.
Financing Higher Education
Public systems of higher education worldwide are caught between increasing public and private demand for their products, rising per-student costs, and flat or even declining governmental revenues. Thus, the fundamental condition of higher education, especially in the low and middle income countries, is dominated by the radically diverging trajectories of higher education costs and available governmental revenues, underscoring the worldwide search for other-than-governmental revenue sources for higher education. This is the higher educational austerity rationale for cost-sharing—which term reflects both the simple fact that the underlying costs of higher education are shared by governments ...
