Islamic Finance and Higher Education in the Gulf Cooperation Council:

2017 ◽  
pp. 281-300
Author(s):  
Ahmed Belouafi ◽  
Abderrazak Belabes ◽  
Karima Saci
Keyword(s):  
Higher Education ◽  
Gulf Cooperation Council ◽  
Islamic Finance

Islamic Finance as a Vehicle to Promote Improved Intellectual Property Rights in the Gulf Cooperation Council

2020 ◽  
Vol 13 (2) ◽  
pp. 407-442
Author(s):  
Nadia Naim
Keyword(s):  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Integrated Approach ◽  
Gulf Cooperation Council ◽  
Intellectual Property Protection ◽  
Islamic Finance ◽  
Growth Sector ◽  
The Individual ◽  
The Impact

AbstractThe purpose of this article is to assess how Islamic finance can act as a vehicle to enhance the current intellectual property rights regime in the Gulf Cooperation Council (GCC). Islamic finance has developed within the constraints of sharia law and has been a growth sector for the GCC. This article will identify the main principles of Islamic finance that contribute to the success of Islamic finance, which can enhance intellectual property protection in the GCC. The main sharia-compliant areas to be considered are musharaka, mudaraba, murabaha, takaful, istisna, ijara, salam and sukuk. The article will outline the founding principles of Islamic finance, the governance of sharia boards, development of Islamic finance in the individual GCC states, different frameworks of sharia-compliant investment products and the impact of intellectual property rights on the varying Islamic finance investment tools. Furthermore, the article will discuss an integrated approach to intellectual property rights which learns lessons from the Islamic finance sector in relation to infrastructure, regulation and sharia compliance. The lessons learnt from Islamic finance will inform the overall framework of recommendations for an Islamic intellectual property model. The use of Islamic finance as a vehicle to promote better intellectual property rights in terms of defining a new intellectual property approach is novel. It is aimed at spearheading further research in this area, and it will form a part of the overall integrated approach proposals to intellectual property protection in the GCC and beyond.

scholarly journals Transnational Higher Education and International Branch Campuses in the Gulf Cooperation Council Countries: The Case of the United Arab Emirates

2020 ◽  
Author(s):  
Robert Michael Bridi
Keyword(s):  
Higher Education ◽  
United Arab Emirates ◽  
Scientific Progress ◽  
Gulf Cooperation Council ◽  
Government Funding ◽  
Rapid Expansion ◽  
Branch Campuses ◽  
International Branch Campuses ◽  
Transnational Higher Education ◽  
Internationalization Of Education

The aim of the paper is to examine the emergence of transnational higher education (TNHE) and international branch campuses (IBCs) in the Gulf Cooperation Council (GCC) countries and the United Arab Emirates (UAE).  The findings demonstrate that the emergence of TNHE and IBCs has been the result of interrelated political, economic, social, and academic factors.  First, the formation of the GCC was a key moment during which member states sought to stimulate scientific progress through the development of higher education as part of a strategy to meet labor demands and economic development.  Second, the commodification of education and the drive to increasing profits in educational institutions combined with decreases in government funding to Western universities during the neo-liberal era of capitalism have been an impetus for Western universities to seek ‘new markets’ beyond their borders.  Third, the liberating of regional trade policies in services, including education, combined with the internationalization of education has enabled the cross-border movement of students, educators, and institutions.  Fourth, the UAE’s unique demographic group mix, which consists of a majority of international expatriates, combined with significant government funding in the education sector and international partnerships has resulted in the rapid expansion of TNHE and IBCs.

Efforts to standardise Islamic finance will struggle

2017 ◽  
Keyword(s):  
Credit Markets ◽  
Gulf Cooperation Council ◽  
Islamic Finance ◽  
Content Type ◽  
Finance Industry ◽  
Regulatory Models

Significance The case highlights the dangers ‘Sharia risk’ poses for the 2-trillion-dollar Islamic finance industry. The issue is compounded by the variety of models of Sharia governance that exist across jurisdictions. Impacts The resolution of the Dana Gas case will take time, but its overall impact on the Islamic finance industry will be limited. The Gulf Cooperation Council (GCC) is moving towards more centralised Sharia governance, but faces obstacles. Even in centralised systems, heterogeneity of regulatory models is likely to persist. Difficult questions of jurisdiction and enforcement would not be addressed by a shift to more centralised national Sharia governance. The Sharia approach is already powerful in Gulf banking, but the Dana Gas case could set back its progress in credit markets.

scholarly journals The Impact of Islamic Finance in Promoting Education for Sustainable Development

2018 ◽  
Vol 2 (4) ◽  
pp. 1-26
Author(s):  
Haidar Hamoudi ◽  
Zainab Hadi ◽  
Salam Abdul Rahman
Keyword(s):  
Higher Education ◽  
Sustainable Development ◽  
Banking Sector ◽  
Financial Analysis ◽  
Integrated System ◽  
Islamic Finance ◽  
Islamic Banks ◽  
Research Orientations ◽  
The Impact ◽  
Modern Perspective

The world is witnessing major changes in the vision and approach of higher education and its educational and research orientations. These changes have been in response to global developments and developments that have changed many concepts and attitudes towards higher education. According to this vision, the current research aims to identify the possibility of abandoning the civil education in Iraq from the traditional perspective aimed at education and scientific research and turning to the modern perspective which works to build an integrated system to reach the approach of sustainable development in education by focusing on the environmental, The transformation of education from a traditional perspective to a modern perspective based on sustainable development requires an increase in its capabilities and capabilities. Therefore, educational institutions need to increase their sources of funding and resort to Islamic finance as one of the main sources of funding.                                                                               In order to achieve the objectives of the research, a questionnaire was designed to show the extent to which Islamic banks have access to the funding structure of the faculties of Islamic studies (Islamic University, Al-Sheikh Al-Tusi College, Al-Kafeel College). The questionnaire was distributed in full, (Spss, v.15), where the results showed a relationship of correlation and effect between the variables of the study. The study also examined the size of the financial qualifications for the Islamic banking sector to enter the field of financing private education. The financial analysis was conducted for a sample of banks which reached (6) banks and over a period of time (2013-2016). The study reached a number of conclusions, the most important of which is that the Islamic banks sample study has the qualifications, capabilities and sufficient resources to enter as a partner or lender to the sector of civil education.                                                                              

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