1. | NAME OF COURSE/MODULE | ISLAMIC WEALTH MANAGEMENT | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2. | COURSE CODE | MBA2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3. | NAME(S) OF ACADEMIC STAFF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4. | RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME | This course is developed as an exposure for students to the management of Baitulmal, Waqf, Zakat and Faraid. In addition, this course provides a platform of understanding and practical activities (skills) that are applied in these four ijtima’i institutions. As a result, student will be exposed to the actual procedure, problem solving and decision making decision in Baitulmal, Waqf, zakat and Faraid operations. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5. | SEMESTER & YEAR OFFERED | Semester 4 /Year 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6. | TOTAL STUDENT LEARNING TIME (SLT) | Face to face:
L=lecture ; T=Tutorial; P=Practical; O=Others (Exam) |
Total Guided and Independent Learning:
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7. | CREDIT VALUE | 120/40 = 3.00 (3 credit); 2+2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8. | PREREQUISITE (IF ANY) | NIL | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9. | OBJECTIVES | 1. To familiarize and provide student with basic overview, key concepts and theories of Baitulmal, Waqf, Zakat and Faraid.
2. To identify the management of Baitulmal, Waqf, Zakat and Faraid. |
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10. | LEARNING OUTCOMES | At the end of the course, the student will be able to:
1. Distinguish and explain the basic concept, process, operations and management of Baitulmal, Waqf , zakat and Faraid.(LO1-C4) 2. Point–out issues related to Waqf development, zakat and faraid management in Malaysia (LO4-CS3). 3. Demonstrate task on Baitulmal waqf, zakat and faraid in group. (LO5- TS3, A3). |
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11. | TRANSFERABLE SKILLS | Student should be able to develop a good understanding of the management of Baitulmal, Waqf, Zakat and Faraid, their operations and related aspects through a process of lectures, tutorial and group assignment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12. | TEACHING-LEARNING AND ASSESSMENT STRATEGY |
Assessment strategy:
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13. | SYNOPSIS | This course is developed as an exposure for students to the management of Baitulmal, Waqf, Zakat and Faraid. In addition, this course provides a platform of understanding and practical activities (skills) that are applied in these three ijtima’i institutions. As a result, student will be exposed to the actual procedure, problem solving and decision making decision in Baitulmal, Waqf, Zakat and Faraid operations. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
14. | MODE OF DELIVERY | Lectures and tutorial (SCL) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
15. | ASSESSMENT METHODS AND TYPES |
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16. | CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC |
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17. | REFERENCES | References:
1. Muhammad Ridzwan Ab. Aziz (2012). Introduction to Islamic Institutions in Economic and Finance. Nilai: Penerbit USIM. 2. Hailani Muji Tahir. (2007). Institusi Baitulmal Dalam Pembangunan Negara. Bangi Selangor: Penerbit UKM. 3. Mohd Zamro Muda dan Mohd Ridzuan Awang. (2006). Undang-undang Pusaka Islam: Pelaksanaan di Malaysia.. Bangi Selangor: Jabatan Syariah UKM. 4. Siti Mashitoh Mahmood. (2006). Waqf in Malaysia: Legal and Administrative Perspectives. Kuala Lumpur: Penerbit UM. 5. Nik Mustapha Nik Hassan (2003). Ke Arah Pembangunan Baitulmal Kebangsaan. Kuala Lumpur: IKIM 6. Research Project Report entitled Documenting and Facilitating Waqf Tools for Management, Development and Delivery Systems in Malaysia, Collaboration Between: Department Of Wakaf, Zakat and Haj, Prime Minister Department and International Islamic University Malaysia. 7. Pengurusan Zakat (2003). Mahmood Zuhdi Abdul Majid. Kuala Lumpur: Dewan Bahasa dan Pustaka. 8. Related articles concerning issues on Baitulmal, Waqf, Zakat and Faraid |
Mapping of the course/module to the Programme Learning Outcomes
TOPIC | Contact hours (week) | Lesson Learning Outcome (Students are able to..) | CLO | KI | Teaching & Learning Activities | Assessment Tasks |
TOPIC 1: AN INTRODUCTION TO IJTIMA’I INSTITUTIONS IN ISLAMIC ECONOMIC SYSTEM
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2 (W1) |
i. To discover the history of Ijtima’I institutions in Islamic Economic system, Baitulmal, Waqf and Zakat.
ii. To explain the importance of Ijtima’I Institutions in Islamic Economic System. iii. To verbally communicate with peers and lecturer on the project assigned. |
LO1
LO1 LO4 |
C2
C3 CS3 |
Form a group of 6
Article searching via internet |
– na – |
TOPIC 2: BAITULMAL INSTITUTION IN ISLAMIC STATE & ZAKAT INSTITUTION IN MALAYSIA
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8 (W2 – W6) |
i. To explain the administration of Baitulmal in Islamic State.
ii. To illustrate the operation and management of Baitulmal. iii. Collaborate with team members in team-related assessment task. iv. To explain the role of state religious council and the legal perspectives of Baitulmal and zakat. |
LO1
LO1 LO5 LO1 |
C3
C3 TS3 C3 |
Article Review and presentation | Group Assignment will be submitted on week 14th before Study Week |
TOPIC 3: WAQF : INSTITUTIONS AND MODELS
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8 (W6-W9) |
i. To list different types of Waqf assets and its management.
ii. To discover the importance of Waqf for socio economic of Muslim. iii. To explain waqf institutions and its importance for socio-economics of the public. iv. To categories different types of waqf model. v. To verbally communicate with peers and lecturer on the project assigned. vi. Collaborate with team members in team-related assessment task |
LO1
LO1 LO1 LO1 LO4 LO5 |
C1
C3 C3 C4 CS4 TS3 A3 |
Article Review and presentation |
Two quizzes will be conducted on 7th and 14th week with 15 structured questions |
TOPIC 4: FINANCING THE DEVELOPMENT OF WAQF
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4 (W10-W11) |
i. To explain various types of waqf financing.
ii. To discuss the Shariah issues, method in developing and financing Waqf. iii. To discover the role of government ad private sector in developing waqf assets. iv. To verbally communicate with peers and lecturer on the project assigned. v. Collaborate with team members in team-related assessment task |
LO1
LO1 LO1 LO4 LO5 |
C2
C3 C3 CS3 TS3 |
Article Review and presentation |
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TOPIC 5: THE LAWS AND THE ADMINISTRATION OF FARAID/MAWARITH IN MALAYSIA
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6 (W12-W14) |
i. To explain the concept of Faraid in Islamic.
ii. To show some calculations in Faraid issues. iii. To discuss legal aspect of Faraid. iv. Work in team to propose solution on issues related to Faraid. |
LO1
LO1 LO4 LO5 |
C4
C3 CS3 TS3 |
Article Review and presentation |