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A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University
2014
Asian Social Science
This paper seeks to propose a new conceptual model to establish an Islamic Finance Unit (IFU) at a public university in Malaysia in order to extend benevolent interest-free financing as an act of charity. The problem with conventional student financing is the extent of non-performance due to the interest component. This paper identifies the need, justification and implementation of establishing the IFU, and measures success through equity and justice, not from charging interest, but returns
doi:10.5539/ass.v10n9p100
fatcat:hd2veey3rrgsxbpn5bqltpjrdm