CONFERENCE ON MALAYSIAN STUDY OF ISLAM

“Islam in Malaysia: Past, Present, and Future”

Abstract Submission Form

Full Name / Azila Abdul Razak,and Wan Yusrol Rizal Wan Yusof
Paper’s Title / Malaysian Practice of ar-Rahn Scheme: Trends and Development
Abstract (250 words) / The emergence of conventional pawnbroking operating side by side with the Islamic pawnbroking (dual system) provides an option to the customers to choose the best pawnbroking service based on the features offered. As for Muslim, this scenario will provide them to opt out monetary transactions which involved riba and gharar. In the case of Islamic pawnbroking, the transaction is free from any interest (riba) and the uncertainty (gharar) that occurred in the conventional pawnbroking system such as low value of total financing, the auction of customers goods without informing the owner and the balance of money are not refunded do not occurred.
Malaysia ran the first Islamic pawnbroking (ar-rahn) in the world operating parallel with the conventional pawnshop within its dual financial system. At the end of year 2004, Malaysia had 242 licensed pawnshops regulated under Ministry of Housing and Local Government. The purpose of the study is to investigate the weaknesses of conventional pawnbroking and the development of Islamic pawnbroking(ar-rahnu) in Malaysia.
Contact information –
E-mail / ,
Contact information – Phone
Institution / School of Government and International Affairs, DurhamUniversity
Programme / Ph.D in Islamic Finance
Affiliated Institution in Malaysia* / Azila Abdul Razak: Universiti Pendidikan Sultan Idris (UPSI), Wan Yusrol Rizal Wan Yusof : Universiti Teknologi MARA (UiTM)
Position* / Lecturer
Academic Qualification (Bachelor)* / Azila Abdul Razak: Bachelor in Economics (UKM),
Wan Yusrol Rizal Wan Yusof : BBA (Hons) Finance
Academic Qualification (Master)* / Azila Abdul Razak: Masters in Economics (UKM),
Wan Yusrol Rizal Wan Yusof: MSc Islamic Economics, Banking and Finance (Loughborough)
Academic Qualification (PhD)*
Latest scholarly publication 1* / Wan Yusrol Rizal Wan Yusof :
1. Principle and Practice of Islamic Banking (2006)
2. Kajian Terhadap Corak Perbelanjaan di Kalangan Masyarakat Nelayan Melayu di Terengganu (2006)
3. Kajian Terhadap Corak Agihan dan Pembentukan Modul Agihan Zakat di Kalangan Asnaf Fakir dan Miskin di Pantai Timur (2005)
4. Islamic Insurance (Takaful): A Malaysian Experience (2002)
5. Risk and Return Relationship Between Takaful and Conventional Insurance in Malaysia (2000)
Latest scholarly publication 2*
Latest scholarly publication 3*

*Note that chairperson will use information in this form to introduce you before your presentation.

Send the completed form to fore 18thApril 2008