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Islamic banking and finance has its own products and services that differ from conventional banking. [1][2] These include Mudharabah (profit sharing), Wadiah (safekeeping), Musharakah (joint venture), Murabahah (cost plus finance), Ijar (leasing), Hawala (an international fund transfer system), Takaful (Islamic insurance), and Sukuk (Islamic ...
Retirement Fund (Incorporated) (Malay: Kumpulan Wang Persaraan (Diperbadankan); KWAP) is a statutory body which manages the pension scheme for Malaysia's public employees.
International Shariʽah Research Academy for Islamic Finance (ISRA) is an Islamic finance research institution in Malaysia that focuses on sharia -related issues.
Employees' Provident Fund (EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. Membership of the EPF is mandatory for Malaysian citizens employed in the private sector, and voluntary for non-Malaysian citizens.
KUALA LUMPUR (Reuters) -Malaysia's top court on Friday declared unconstitutional more than a dozen Islamic laws enacted by the state of Kelantan, in a landmark decision that could affect similar ...
Al-Arqam. Al-Arqam is a Malaysian -based Islamic sect, founded by Ashaari Mohammad. The sect was banned by the Malaysian federal government on 21 October 1994. More than 5 Al-Arqam members including Ashaari Mohammad, the leader of the sect were arrested under Internal Security Act (ISA) in Thailand and were flown back to Malaysia to be detained.
Department of Islamic Development Malaysia (Malay: Jabatan Kemajuan Islam Malaysia, Jawi: جابتن كماجوان اسلام مليسيا ) or popularly known as JAKIM (جاكيم ), is a federal government agency in Malaysia that administers Islamic affairs in Malaysia. [1]
Half of middle-class workers expect to continue to working past the traditional retirement age, either due to finances or to keep active.
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