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Author: Azmil Tayeb
Publisher: ISEAS-Yusof Ishak Institute
ISBN: 9815203606
Category : Political Science
Languages : en
Pages : 49
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Book Description
Whenever the Islamist party PAS comes to power in Terengganu, its political agenda has been to combine populist-type development programmes with the wish to turn Terengganu into a shariah-compliant state. Terengganu’s state budget is however heavily dependent on the federal government, to the tune of 80–90 per cent. This hinders the state government’s policymaking and implementation, especially when the federal government is controlled by its political opponents. This article argues that the politics of development play a more central role in determining the durability of the PAS state government in Terengganu than it does in neighbouring Kelantan. In other words, PAS cannot simply carry out its Islamic agenda without being complemented by tangible economic progress if it aspires to govern beyond a single term; PAS’s loss in the 2004 election after being in power for one term is a prime example of this dynamic. One reason that the current PAS state government managed to get re-elected in 2022 was the unimpeded flow of oil royalty payments into state coffers since 2018, which allowed the state government to fulfil its campaign promises; PAS’s inclusion in the Perikatan Nasional federal government in 2020 further improved the state government’s financial standing. When the reins of the federal government changed hands to PAS’s political opponents in 2022, the oil royalty payment to Terengganu again became an acrimonious issue, in many ways reprising the post-1999 situation. The key for the PAS state government to rule beyond the current term is its ability to negotiate the tense federal-state relationship, develop other sources of revenue, and find ways to claim credit for economic progress, in addition to burnishing its Islamic governing credentials by making Terengganu a shariah-compliant state.
Author: Azmil Tayeb
Publisher: ISEAS-Yusof Ishak Institute
ISBN: 9815203606
Category : Political Science
Languages : en
Pages : 49
Get Book Here
Book Description
Whenever the Islamist party PAS comes to power in Terengganu, its political agenda has been to combine populist-type development programmes with the wish to turn Terengganu into a shariah-compliant state. Terengganu’s state budget is however heavily dependent on the federal government, to the tune of 80–90 per cent. This hinders the state government’s policymaking and implementation, especially when the federal government is controlled by its political opponents. This article argues that the politics of development play a more central role in determining the durability of the PAS state government in Terengganu than it does in neighbouring Kelantan. In other words, PAS cannot simply carry out its Islamic agenda without being complemented by tangible economic progress if it aspires to govern beyond a single term; PAS’s loss in the 2004 election after being in power for one term is a prime example of this dynamic. One reason that the current PAS state government managed to get re-elected in 2022 was the unimpeded flow of oil royalty payments into state coffers since 2018, which allowed the state government to fulfil its campaign promises; PAS’s inclusion in the Perikatan Nasional federal government in 2020 further improved the state government’s financial standing. When the reins of the federal government changed hands to PAS’s political opponents in 2022, the oil royalty payment to Terengganu again became an acrimonious issue, in many ways reprising the post-1999 situation. The key for the PAS state government to rule beyond the current term is its ability to negotiate the tense federal-state relationship, develop other sources of revenue, and find ways to claim credit for economic progress, in addition to burnishing its Islamic governing credentials by making Terengganu a shariah-compliant state.
Author: Iza R. Hussin
Publisher: University of Chicago Press
ISBN: 022632348X
Category : Law
Languages : en
Pages : 360
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Book Description
In The Politics of Islamic Law, Iza Hussin compares India, Malaya, and Egypt during the British colonial period in order to trace the making and transformation of the contemporary category of ‘Islamic law.’ She demonstrates that not only is Islamic law not the shari’ah, its present institutional forms, substantive content, symbolic vocabulary, and relationship to state and society—in short, its politics—are built upon foundations laid during the colonial encounter. Drawing on extensive archival work in English, Arabic, and Malay—from court records to colonial and local papers to private letters and visual material—Hussin offers a view of politics in the colonial period as an iterative series of negotiations between local and colonial powers in multiple locations. She shows how this resulted in a paradox, centralizing Islamic law at the same time that it limited its reach to family and ritual matters, and produced a transformation in the Muslim state, providing the frame within which Islam is articulated today, setting the agenda for ongoing legislation and policy, and defining the limits of change. Combining a genealogy of law with a political analysis of its institutional dynamics, this book offers an up-close look at the ways in which global transformations are realized at the local level.
Author: Mohd Faizal Musa
Publisher: ISEAS-Yusof Ishak Institute
ISBN: 9815203584
Category : Political Science
Languages : en
Pages : 36
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Book Description
Malaysia’s support for Palestinian independence has always been based on religion. Historically, Malaysia has had warm relations with Palestinian leaders including the Palestine Liberation Organization—during Hussein Onn’s and Mahathir Mohamad’s administrations—and Hamas since Najib Razak’s administration. However, Malaysia’s support is not just based on their affinity to Palestinians as fellow Muslims but is also a matter of domestic politics. Support for Palestine has been used as a political tool for various quarters to prove that they are more Islamic than the other. Malaysia is now led by Prime Minister Anwar Ibrahim, a former student leader who rose to prominence in the 1970s for his activism on issues regarding the Muslim ummah, including Palestinian independence. Over the years, Anwar has demonstrated consistency in his support for Palestinians, and this has especially been the case since the outbreak of Israeli aggression against Gaza which began on 7 October 2023. As a result, Malaysia has gained global prominence for its aggressive stand against Israel. Thus, this paper discusses the Malaysian government’s responses to issues pertaining to Palestine over the years. In doing so, it illustrates that while Islam has been a crucial rallying point in supporting the rights and independence of the Palestinians, it is also arguable that Malaysia’s foreign policy outlook is also influenced by domestic politics and the need for the government of the day to maintain its support from the Muslim voter base.
Author: Zamir Iqbal
Publisher: World Bank Publications
ISBN: 0821399535
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.
Author: Muhammed Habib Dolgun
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110580152
Category : Business & Economics
Languages : en
Pages : 182
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Book Description
Despite noticeable growth in Islamic banking and finance literature in recent years, very few published books in this area deal with supervisory and regulatory issues in Islamic banking – theoretically or empirically – and none with the critical issue of risks involved in liquidity management of Islamic banks. This unique book is the first of its kind in dealing with challenges these financial institutions face in the absence of interest rate mechanism and debt-based financial instruments. The book examines critically issues involve in managing the risk of liquidity management for these types of institutions, including those stemming from Basel requirements. It then offers an alternative regulatory framework more appropriately suited for such banks without compromising safety and security. The book's unique features and innovative dimensions diagnostically differentiate between Islamic banks and conventional banks as related to liquidity management risks. It proposes a risk-sharing regulatory framework that, once implemented, would mitigate risks posed by balance-sheet mismatches. The book aims to assist regulators, supervisors, Islamic finance practitioners, academicians and other relevant stakeholders.
Author: Jade'. Mohammed
Publisher:
ISBN:
Category : Muslim women
Languages : en
Pages : 310
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Book Description
Author: Hassan, M. K.
Publisher: Edward Elgar Publishing
ISBN: 1802209905
Category : Business & Economics
Languages : en
Pages : 359
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Book Description
Islamic Finance in Africa discusses the progress, issues and innovations in African Islamic financial markets. It provides a comprehensive overview of Islamic finance in Africa by exploring legal, regulatory and governance challenges while balancing the issues and innovations found in both Islamic commercial and social finance.
Author: Anselmo Reyes
Publisher: Bloomsbury Publishing
ISBN: 1509924264
Category : Law
Languages : en
Pages : 411
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Book Description
This collection offers a study of the regimes for the recognition and enforcement of foreign commercial judgments in 15 Asian jurisdictions: mainland China, Hong Kong, Taiwan, Japan, Korea, Malaysia, Singapore, Thailand, Vietnam, Cambodia, Myanmar, the Philippines, Indonesia, Sri Lanka and India. For practising lawyers, the book is intended as a practical guide to current law and procedures for enforcing judgments in the selected jurisdictions. However, it does not stop at describing current law and practice. Of interest to academics and students, it also analyses the common principles of the enforcement regimes across the jurisdictions, and identifies what should be regarded as the norm for enforcement in Asian countries for the purpose of attracting foreign direct investment and catalysing rapid economic development. In light of the common principles identified, the book explores how laws in Asia may generally be improved to enable judgments to be more readily enforced, while ensuring that legitimate concerns over indirect jurisdiction, due process and domestic public policy are respected and addressed. With this in mind, the book discusses the potential impact that the adoption of the 2005 Hague Convention on Choice of Court Agreements might have on Asian jurisdictions; it also considers the potential impact of the convention for the enforcement of judgments in civil and commercial matters presently being drafted by the Hague Conference on Private International Law. This timely book argues that it is imperative to adopt a uniform system for the recognition and enforcement of judgments throughout Asia if there is to be traction for the enhanced cross-border commerce that is expected to result from endeavours such as the ASEAN Economic Community (AEC), the Belt and Road Initiative (BRI), CPTPP (also known as TPP-11), and RCEP.
Author: Paul Grieve
Publisher: Robinson
ISBN: 1472107551
Category : Social Science
Languages : en
Pages : 255
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Book Description
Exploring the beliefs, history and politics of the ordinary people of Muslim countries, Grieve cuts through the complexities as he examines all aspects of Islam. He also addresses the big issues: can Islam support true democracy? Is true democracy what the West really wants for Muslim countries or are we merely seeking a cover of legitimacy for a policy of 'might is right'? Paul Grieve is an unbeliever - he is not a born-again Muslim, a proselytizer or a frustrated desert romantic. His aim is to inform. The result is an accessible but never simplistic guide that challenges stereotypical views, from women and banking to war and Malcolm X. Complete with advice for visitors to Muslim countries, and with carefully chosen primary sources, maps and illustrations, this is the ideal summary for the reader looking for an unbiased overview of the religious and political world issues that have become part of our everyday lives.
Author: Khairuddin Abdul Rashid
Publisher: World Scientific
ISBN: 9813238925
Category : Technology & Engineering
Languages : en
Pages : 344
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Book Description
The application of Shariah compliance in business transactions continues to increase. The Asian financial crisis of 1997, global financial crisis of 2007-2008, Enron scandal and other reported ills besieging conventional business transactions have led to advocates of Shariah-compliant business transactions promoting the latter as a credible alternative. However, unlike the banking, commerce and financial sectors, the uptake by the construction sector was sluggish due to limited understanding of Shariah among the practitioners and policymakers compounded by the lack of research and publications on its application for the construction sector.This book is intended for students, researchers, practitioners and policymakers of the construction industry as well as the related upstream and downstream activities. It offers basic theories, challenges current practices, and proposes innovative ideas on Shariah compliance and its application for the construction industry.Related Link(s)
