Work

Conceptualising Pedagogy in Islamic Finance Education: A Maqasid al-Shariah-Oriented Approach in Malaysian Private Universities

Year: 2025

Type: article

Abstract: Malaysia's aspiration to be a global leader in Islamic finance has prompted substantial investments in Islamic finance education.Despite the progress, concerns persist regarding the limited Islamic financial literacy among Malaysians and the shortage of qualified talent to meet the industry's needs.This research addresses these issues by proposing a pedagogical framework engrained in the principles of Maqasid al-Shariah and Value-Based Intermediation (VBI).The researchers tend to explore how pedagogy in Islamic finance can go beyond technical financial knowledge by integrating ethical, spiritual, and value-based dimensions to shape future professionals with a strong sense of accountability, integrity, and social responsibility.Using a qualitative research design, this research will engage thorough interviews and focus group discussions involving Islamic finance lecturers and students from private universities in Malaysia.Thematic analysis will then be conducted utilising NVivo software to uncover patterns and insights on effective teaching practices that align with Maqasid al-Shariah.The proposed framework aims to empower students not only with financial wisdom but also with a minda maqasid, a mindset grounded in preserving religion, life, intellect, descendants, and property.Furthermore, this research contributes to closing the literature gap in Islamic finance education by providing a holistic, values-driven pedagogical model.It concurrently aligns with the Sustainable Development Goals (SDGs), particularly in boosting quality education (SDG 4), promoting decent work and economic growth (SDG 8), and advancing sustainable communities (SDG 11).Ultimately, this research aims to foster future Islamic finance professionals who are not just capable but also uphold Islamic ethical standards in promoting the growth of the finance industry globally.

Source: International Journal of Academic Research in Accounting Finance and Management Sciences

DOI: 10.6007/ijarafms/v15-i3/25645

Authors: Djasriza Jasin, Sharfika Raime, Aervina Misron, Norsafriman Abd. Rahman

Institutions: UNITAR International University, City University Malaysia, UNITAR College

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Quality education

Open Access status: diamond

OpenAlex ID: W4412655533