Kuala Lumpur, 9 April 2021 – INCEIF today welcomed visitors from Maahad Tahfiz Sains Fatimah Az Zahrah (MTSFAZ), a private primary and secondary school located in Selangor.
INCEIF President & CEO Prof Dato’ Dr Azmi Omar was on hand to receive the visitors who were led by its Chairman Dr Nazratun Nafizah Akhtar Husin. Joining Dato’ Azmi in welcoming MTSFAZ teachers and administrative staff on campus were Associate Dean of School of Graduate & Professional Studies, Assoc Prof Dr Eskandar Mohd Shah, Research Management Centre Director Assoc Prof Dr Baharom Abdul Hamid and Associate Dean/Director for INCEIF’s Executive Education & E-Learning Assist Prof Dr Ziyaad Mahomed.
In the knowledge sharing session, INCEIF faculty members shared the information on the academic and professional programmes offered by INCEIF as well as the customised training and applied research projects undertaken with and for external parties.
According to Dr Ziyaad, learning was a life-long journey as one should never stopped accumulating new skills and knowledge. “I have a PhD student who is 60 years old.”
The importance of financial literacy, especially among the young, was also highlighted during the session. For example, from a young age, Muslims in Malaysia have been taught by their parents, teachers and society at large that pigs are haram for consumption and cannot even be touched. However, school children are rarely told that Riba is haram and strongly prohibited in Islam. It is about time that this awareness, with other basic Islamic finance, is imparted to children in a formal setting.
In his remarks, Dato’ Azmi said INCEIF looked forward to collaborate with MTSFAZ on research work for waqf land development. The school has received plots of waqf land which it planned to develop, including into a new permanent location for the growing school.
The more traditional methods of Islamic Social Finance have a long history of contributing to the development of Islamic nations. Zakat, waqf and sedekah have been used to provide for the basic means of livelihood for the poor and destitute albeit in a mostly informal structure. However, today’s application of these instruments have become sophisticated, addressing the existing challenges including optimising the potentials of waqf assets.