Islamic Capital Market Graduate Training Scheme (ICMGTS).

Alhamdulillah. Done with BBA. All that's left now is the walk across the big stage in the cap and gown for a scroll. Time flies. 3.5 years? I've made mistakes. But I've learned many good lessons from it. Regrets? I have a few. But I dont wanna dwell on the past as I cant change it. My CGPA? I dont wanna let numbers define me. I can't give a score to the many valuable lessons I've learned, can I? A piece of advice: "You have brains in your head. You have feet in your shoes. You can steer yourself in any direction you choose. You're on your own. And you know what you know. You are the guy who'll decide where to go," Dr. Suess. In short, #UIABest.

Takaful vs. Insurance.

The article, Conceptual and Operational Differences between General Takaful and Conventional Insurance by Mher Mushtaq Hussain and Ahmad Tisman Pasha, argues that there is a need to ensure the differences between the insurance business under the Islamic system and conventional system. The issues in the article, in my opinion, are structured in a comprehensible and effective manner. It first presents the idea of the need for insurance by describing risk, explaining the fundamental concept of an insurance agreement, and how engaging in an insurance contract results in minimizing the risk involved. Subsequently, the author gives a rather deep facts on Islamic insurance (Takaful) by defining and listing out its various models. The article is then followed by the many differences in the conceptual and operation framework between Takaful and conventional insurance mainly due to elements found in insurance contracts which are prohibited in Islamic transactions, such as uncertainty (gharar), interest (riba), and gambling (maysir).

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Technology Deteriorates Society Basic Skills.

It is undeniable that the technology has made our life so much easier nowadays as the usage of it is widespread and growing rapidly from time to time. Laptops, smartphones, IPod's, and others has become an essential gadget for daily lives of every human being. Youths today spend too much time on these gadgets, surfing the Internet and text messaging for hours. In my opinion, technology is actually deteriorating the society basic skills as people tend to isolate others around them and real life interaction slowly fades away.

The day that Albert Einstein feared may have finally arrived.
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Islamic Microfinance.

The article titled “Islamic Microfinance: An Ethical Alternative to Poverty Alleviation”, written by Abdul Rahim Abdul Rahman, sets out to show the potential of Islamic financing schemes for micro-financing purposes. According to the author, Islamic finance plays an important role in contributing for furthering socioeconomic development of the poor and small (micro) entrepreneurs without charging interest (riba’). The various ethical schemes and instruments that can be adapted for the purpose of microfinance which is offered by the Islamic finance are intensely conversed in this article. The author argues that the main objectives of microfinance schemes to alleviate poverty and to enable the poor to empower themselves are inline with the four Islamic ethical principles and the economic principles of justice.

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