Islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (QHM) collaboration

Economy is a system of collection and distribution of resources. However, loans nowadays imbalances the world economy by making the rich richer and the poor poorer. This paper intends to propose a conceptual solution that provides a holistic development of economy focusing on Zakat, Musharakah, Mudh...

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Main Authors: Ahmad Dahlan, Abdul Rahman, Mohd Suhaili, Nur Shahirah, Khalid, Khairani, Ismail, Nur Syamimi
Format: Article
Language:English
Published: Research Publish Journals 2015
Subjects:
Online Access:http://irep.iium.edu.my/42711/
http://irep.iium.edu.my/42711/1/IJMCIApril2015_ITC_BaitulmalQHM.pdf
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author Ahmad Dahlan, Abdul Rahman
Mohd Suhaili, Nur Shahirah
Khalid, Khairani
Ismail, Nur Syamimi
author_facet Ahmad Dahlan, Abdul Rahman
Mohd Suhaili, Nur Shahirah
Khalid, Khairani
Ismail, Nur Syamimi
author_sort Ahmad Dahlan, Abdul Rahman
building IIUM Repository
collection Online Access
description Economy is a system of collection and distribution of resources. However, loans nowadays imbalances the world economy by making the rich richer and the poor poorer. This paper intends to propose a conceptual solution that provides a holistic development of economy focusing on Zakat, Musharakah, Mudharabah and Baitulmal with “ukhrawi” (or Hereafter) elements. The paper is based on literature review, real world observations and adopting business model canvas (BMC) framework in building a conceptual solution for holistic development of Islamic economy. This paper explores the opportunity of providing holistic and balanced economy to entrepreneur by leveraging the baitulmal just like what the Prophet Muhammad’s صلى الله عليه وسلم used to do during his time, and at the same time generating sustainable revenue and profit utilizing technology-based solution. The findings of this paper show that information system, through the creative use of ICT and Internet, can popularizes baitulmal function to entrepreneurs to build businesses based on sound human values and principles that takes into account the numerous benefits and virtues offered to the human beings, world, and profits.
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spelling iium-427112016-06-09T06:08:31Z http://irep.iium.edu.my/42711/ Islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (QHM) collaboration Ahmad Dahlan, Abdul Rahman Mohd Suhaili, Nur Shahirah Khalid, Khairani Ismail, Nur Syamimi T58.6 Management information systems Economy is a system of collection and distribution of resources. However, loans nowadays imbalances the world economy by making the rich richer and the poor poorer. This paper intends to propose a conceptual solution that provides a holistic development of economy focusing on Zakat, Musharakah, Mudharabah and Baitulmal with “ukhrawi” (or Hereafter) elements. The paper is based on literature review, real world observations and adopting business model canvas (BMC) framework in building a conceptual solution for holistic development of Islamic economy. This paper explores the opportunity of providing holistic and balanced economy to entrepreneur by leveraging the baitulmal just like what the Prophet Muhammad’s صلى الله عليه وسلم used to do during his time, and at the same time generating sustainable revenue and profit utilizing technology-based solution. The findings of this paper show that information system, through the creative use of ICT and Internet, can popularizes baitulmal function to entrepreneurs to build businesses based on sound human values and principles that takes into account the numerous benefits and virtues offered to the human beings, world, and profits. Research Publish Journals 2015-04 Article PeerReviewed application/pdf en http://irep.iium.edu.my/42711/1/IJMCIApril2015_ITC_BaitulmalQHM.pdf Ahmad Dahlan, Abdul Rahman and Mohd Suhaili, Nur Shahirah and Khalid, Khairani and Ismail, Nur Syamimi (2015) Islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (QHM) collaboration. International Journal of Management and Commerce Innovations, 3 (1). pp. 58-66. ISSN 2348-7585 http://www.researchpublish.com/journal/IJMCI
spellingShingle T58.6 Management information systems
Ahmad Dahlan, Abdul Rahman
Mohd Suhaili, Nur Shahirah
Khalid, Khairani
Ismail, Nur Syamimi
Islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (QHM) collaboration
title Islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (QHM) collaboration
title_full Islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (QHM) collaboration
title_fullStr Islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (QHM) collaboration
title_full_unstemmed Islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (QHM) collaboration
title_short Islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (QHM) collaboration
title_sort islamic transformation centre – leveraging on e-baitulmal through the quadruple helix model (qhm) collaboration
topic T58.6 Management information systems
url http://irep.iium.edu.my/42711/
http://irep.iium.edu.my/42711/
http://irep.iium.edu.my/42711/1/IJMCIApril2015_ITC_BaitulmalQHM.pdf