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

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

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Abstract

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.

Item Type:	Article (Journal)
Additional Information:	6250/42711
Uncontrolled Keywords:	Zakat, Baitulmal, Musharakah, Mudharabah, Asnaf, Business Model Canvas, JAKIM
Subjects:	T Technology > T Technology (General) > T55.4 Industrial engineering.Management engineering. > T58.6 Management information systems
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Information and Communication Technology > Department of Information System Kulliyyah of Information and Communication Technology > Department of Information System
Depositing User:	Mr Abdul Rahman Ahmad Dahlan
Date Deposited:	23 Apr 2015 15:25
Last Modified:	09 Jun 2016 14:08
URI:	http://irep.iium.edu.my/id/eprint/42711

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