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Dive into the research topics where Wan Marhaini Wan Ahmad is active.

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Featured researches published by Wan Marhaini Wan Ahmad.


Archive | 2018

Application of the Concept of Maslahah in Household Debt Management

Nor Aini Binti Ali; Wan Marhaini Wan Ahmad; Suhaili Sarif; Nor'azzah Binti Kamri; Raihanah Azahari

Abstract Purpose – This chapter examines the application of the concept of maslahah in household debt management. Methodology/approach – A combination of quantitative and qualitative approaches is employed. Questionnaires were used for data collection. Findings – Malaysian Muslims become indebted for four main purposes: buying their first car, their first home, helping family members, and financing their studies. Thus, Muslims principally borrow funds to fulfil their dharuriyyat (essentials) and hajiyyat (complementary) needs, and in some cases, they borrow for tahsiniyyat (luxury) purposes. Research limitation/implications – The respondents of this research are working Muslims in the Klang Valley, Kuala Lumpur, Malaysia. Practical implication – This study helps Islamic finance institutions to develop better products to offer customers. Its results can also give a real picture about borrowing activities to the Credit Counselling and Debt Management Agency. Originality/value – Prior studies have mainly examined household debt management. This study surveys local Muslims’ household borrowing pattern to understand the nature of personal debt management and then analyses these data against the concept of maslahah. This will enrich the currently available literature.


Arab Law Quarterly | 2011

The Concept of Waqf and Its Application in an Islamic Insurance Product: the Malaysian Experience

Asmak Ab Rahman; Wan Marhaini Wan Ahmad

This article discusses the application of waqf in a takāful product. Waqf is a charity with special features of permanency and irrevocability which enable the benefits to be obtained by its beneficiaries across generations and centuries. This becomes possible by the transfer of property from the original owner to Allah. Takāful, i.e. Islamic insurance, is a risk-management tool whereby participants donate part or all of their contributions which are used to pay claims for damages suffered by its participants. Syarikat Takaful Malaysia Berhad, which is the pioneer takāful operator in Malaysia, has combined the concept of waqf and takāful to design and offer a takāful product known as the Takāful–Waqf Plan. This product enables young Muslims in particular to save continuously and at the same time assure their ability to establish waqf, even if events make it impossible for them to continue contributing to the plan. Customers who participate in such a takāful plan will contribute to it regularly and, at the end of the policy, will bequest all benefits from it to appointed beneficiaries as a waqf endowment. Syarikat Takaful Malaysia Berhad will be the trustee who allocates the funds collected to orphanages, religious schools, mosques, and other appointed beneficiaries. Being the operator, it will also provide for the assigned sum in cases where customers may not be able to fulfil their contracted sum. However, after 7 years of operation, the plan was cancelled on 9 February 2009. However, we find that the collection of cash waqf, managed by religious authority bodies such as Selangor State, is increasing each year. This waqf fund that has been collected illustrates that awareness of waqf is increasing among Muslims. This article will examine the mechanics of the plan in order to understand the reasons behind its demise. We suggest that waqf can be integrated in the takāful policy, using different models to compare what has been implemented by the Syarikat Takaful Malaysia Berhad.


Archive | 2012

Classical jurist's view on the allocation of zakat: is zakat investment allowed?

Wan Marhaini; Wan Marhaini Wan Ahmad; Shamsiah Mohamad


Jurnal Syariah | 1970

Some Issues of Gharar (Uncertainty) in Insurance

Wan Marhaini Wan Ahmad


Procedia - Social and Behavioral Sciences | 2012

Insurability and Suicide: Shariah Issues in Underwriting☆

Asmak Ab Rahman; Wan Marhaini Wan Ahmad; Shamsiah Mohamad; Rusnah Muhamad


Archive | 2012

Zakat investment in Malaysia: a study of contemporary policy and practice in relation to Shari'a

Wan Marhaini Wan Ahmad; Wan Marhaini


Archive | 2012

Juristic discourse on the delay in payment and distribution of zakat

Abdul Karim Ali; Ameen Ahmed Abdullah Qasenm al Nahari; Luqman Abdullah; Noor Naemah Abdul Rahman; Shahidra Binti Abdul Khalil; Wan Marhaini Wan Ahmad


Archive | 2011

Development of the Islamic insurance business in Malaysia

Asmak Ab Rahman; Suharni Mohamad; Wan Marhaini Wan Ahmad; M.F. Hussin


Archive | 2006

Choice of Financing Amongst Malays: Between Religiosity and Perception

Wan Marhaini Wan Ahmad


Advanced Science Letters | 2017

An Empirical Investigation of Chinese Muslims’ Intention to Adopt Islamic Banking Services in Western China

Zhonghua Han; Kok Kheng Yeoh; Wan Marhaini Wan Ahmad

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