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Beyond IMF: A transformative blueprint for muslim nations’ economic independence
As a newcomer to the World Islamic Economics andFinance Conference (WIEFC) which was first held at the Pearl Continental Hotel,Lahore on 3 and 4 January 2018, I was left speechless when a prominent Iranianeconomist recently highlighted the profound insights of a book launched duringthe 7th WIEFC at Minhaj University Lahore on 27 January 2024. It was…
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Be Open and Thorough in Offering Halal
In today’s market, businesses aiming to cater to Halal-conscious consumers must include a comprehensive coverage marked by rigorous standards and discerning clientele. However, the practice of seeking partial Halal certification—where only specific aspects of the Halal standards are addressed—falls short in providing a complete assurance of compliance. To genuinely demonstrate adherence to Halal industry norms,…
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Transforming the Malaysia Halal Industry: Insights from the National Halal Transformation Conference
The Future Research (TFR) extends its gratitude for the opportunity to participate in the National Halal Transformation Conference, alongside the Islamic Chamber of Commerce Malaysia. This conference provided a vital platform for industry leaders and stakeholders to engage in meaningful discussions about the future of the Halal sector. Within the framework of the “National Halal…
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𝗦𝗚𝟰 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲 : 𝗔 𝗟𝗶𝘁𝗺𝘂𝘀 𝘁𝗲𝘀𝘁 𝗼𝗳 𝗙𝗲𝗱𝗲𝗿𝗮𝗹𝗶𝘀𝗺.
There is no doubt, there are long standing social, political,and economic disparities amongst state within Malaysia. The arching states of Kedah, Perlis, Kelantan and Terengganu populated overwhelmingly by Indigenous peoples were lagging behind particularly in terms of economic development and growth. Although RMK12 (2021-25) highlights the government’s priority to encourage the economic development of these…
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Qurbanomics: Elevating the Economic Impact of Qurbani in Malaysia
The Islamic month of Zulhijjah, culminating in the celebration of Eid al-Adha, is marked by the ritual of Qurbani, or animal sacrifice. While deeply rooted in religious tradition, Qurbani also generates significant economic activity throughout its supply chain, impacting various sectors from farming to logistics, employment, and food security. This article introduces the term “Qurbanomics”…
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The Power of Structured Boycotts: A Call to Action for Malaysia
In recent months, Malaysia has witnessed a surge of boycott activities aimed at pressuring the Israeli government to end its apartheid policies and atrocities against Palestinians in Gaza. While these efforts are commendable and reflect a deep sense of solidarity with the Palestinian cause, their lack of organization and strategic focus has led to confusion…
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Strategic Empowerment: Shifting from Boycotts to Corporate Takeovers
The resurgence of the boycott issue has once again ignited passionate debates. Having conducted numerous motivational talks nationwide, I consistently advocate for alternatives to boycotts, deeming them temporary, reactive, and emotionally driven. While they may yield short-term results, they lack sustainability and effectiveness in the long run. An alternative approach I propose is to strategically…
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In Pursuit of Muslims Unity Through the Ummah Economy
On November 6, 2023, within the Sinar Harian column called Untung Rugi, an article titled ‘Navigating the Difficult Years’ offered the author’s perspective on the increasingly challenging circumstances in the upcoming years. In less than 6 months following the publication of that article, we were startled by Iran’s retaliatory strike against Israel on April 13,…
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The Path Isn’t as Smooth as a Gaze’s Touch
In less than a week, Muslims in Malaysia will celebrate Hari Raya Aidilfitri. The Aidilfitri celebration holds significant importance for Muslims after observing the noble act of fasting during the month of Ramadan. At this juncture, we are approaching the final stretch of Ramadan, where Muslims are encouraged to increase their acts of kindness. Concurrently,…
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Perhaps It’s Worth to Conduct a Reclassification of Household Income
Based on the household income classification in 2020 by the Department of Statistics Malaysia, households with incomes below RM4,850 per month are categorized as B40, while M40 households have incomes ranging from RM4,851 to RM10,970. On the other hand, households with incomes exceeding RM10,971 fall into the T20 category. The T20 group is further divided…
