GUIDELINES FOR PREPARATION AND SUBMISSION OF MINI PROJECT REPORT OBJECTIVE The objective of the project work is to develop the skills of Thinking, Reasoning, Enquiring, Analyzing, and Treatise (TREAT) on business or economic institutions or on issues or problems relating to business or economy, “think” conceptually, “reason” logically, “enquire” thoroughly, “analyze” scientifically and make the “Treatise” (i.e. a systematic report). And that is the work expected from you. PROJECT TOPIC THE ISLAMIC FINANCIAL SYSTEM AND MALAYSIA’S ECONOMIC DEVELOPMENT OR THE ISLAMIC FINANCIAL SYSTEM AND ECONOMIC DEVELOPMENT IN MALAYSIA

GUIDELINES FOR STUDENTS It is expected that students should do some study on the project topic before discussion on Project Report in the classroom. So that it will be easier for them to understand how to do this study. The Students are advised to form group where maximum members should be 5 including the Group Leader. Don’t forget to mention Group Leader name in the report. You have to do study on the title that I have assigned to you. The length of the report may be about 15 to 25 pages. (From Introduction to Conclusion) The project should be neatly computerized in double space, Justified and in A4 size Paper only.

The Project must be Spiral binding or other forms of binding. Page Specification: Normal margin Page numbers - All text pages as should be numbered at the bottom center of the pages. Normal Body Text: Font Size: 12, Times New Roman, Double Spacing, Justified. Paragraph Heading Font Size: 14, Times New Roman, Bold, Left Aligned. Chapter Heading Font Size: 20, Times New Roman, Centre Aligned, You have to submit Soft copy of report including PowerPoint slides on CD with the report. Last date for submitting the project report is on The project will be evaluated on the basis of your report quality, presentation/interview and online participation. The projects submitted without prescribed format will not be accepted for evaluation.

REPORT FORMAT The write up must adhere to the guidelines and should include the following. PART 1: GENERAL 1. Standard Cover Page 2. Title Page 3. Declaration by candidates of same group 4.Acknowledgements (The candidate may thank all those who helped in the preparation of project.) 5. Abstract (All students must write a summary in the project report. Summary, preferably, should be of about 1 page.) 6.Table of Contents 7.List of Tables (Tables if any, with Table No., Title of the Table and Page Number, be listed and given after table of contents.) 8.List of Figures (Figures if any, with Figure No.,Title of the Figure and Page Number, be listed and given after list of tables.) 9.List of abbreviations 10.References

PART 2: FINAL REPORT CONTENTS 1.Introduction. 2.Literature Review (4 to 5 sources): Includes the study carried out on the topic which is being studying in the present project. 3. Objectives and the Scope of the Project: This should give a clear picture of the project. Objective should be clearly specified. 4.Main Body of the Project (This is core aspect of your project giving in detail your project work. The project may be divided into 4 to 5 Chapters with suitable Titles, the first Chapter being introduction and the last being Conclusion.) 5. Conclusions & Recommendations

Part 3: References (Format) The List of”References” should be typed in alphabetical order. Books Murat Cizakca. (2000). A history of Philanthropic Foundations: The Islamic World from the Seventh Century to the present. Istanbul: Bogazici University Press Abdul Ghafar Ismail. (2008). Investments. 7 th Edition. New York: McGraw-Hill/Irwin Articles Abdul Ghafar Ismail & Mohd Saharudin Shakrani. (2003). The conditional CAPM and cross-sectional evidence of return and beta for Islamic unit trusts in Malaysia. IIUM Journal of Economics and Management II, 1, Amir Shaharuddin, (2007). The Early Development of Shafi’is Rules on Mudharabah. Journal of Muamalat and Islamic Finance Research, 4,

Conference Proceeding Jarita Duasa and Nursilah Ahmad. (2009). Income Convergence and the Degree of Openness: The Case of Selected Muslim Countries. Paper presented at the Islamic Economic System Conference (iECONS 2009). Website Islamic Relief, “Waqf future Fund” at: Accessed on 7 October, 2011, re-visited on 9 November, Others Mohammad Hj Alias, Zurina Kefeli & Nursilah Ahmad. (2007). Graduate Employability: A Case Study of Islamic Studies Graduates in Malaysia. Penerbit USIM: Bandar Baru Nilai.

Suggested Readings Books International Centre for Education in Islamic Finance. (2006).Islamic Financial Institutions and Markets..Kuala Lumpur: INCEIF. Ismail, Abdul Ghafar. (2010). Money, Islamic Banks and the Real Economy. Cengage Learning Asia Pte. Ltd. Ayub, M. (2007). Understanding Islamic Finance. John Wiley and Sons (Asia) Pte. Ltd. Iqbal, Z., & Abbas, M. (2007). An Introduction to Islamic Finance: Theory and Practice. John Wiley and Sons (Asia) Pte. Ltd.

Articles 1. Does the Islamic financial system design matter? Abdul Ghafar b. Ismail Islamic Economics and Finance Research Group, School of Economics, Universiti Kebangsaan Malaysia, Selangor, Malaysia Ismail b. Ahmad Universiti Teknologi MARA, Islamic Economics and Finance Research Group, School of Economics, Universiti Kebangsaan Malaysia, Shah Alam, Selangor, Malaysia 2.Economic consequences of Applying Islamic principles in Muslim societies M.M. Metwally University of Wollongong, NSW, Australia 3.Equity versus Growth: the Malaysian Experience of the Islamic Financial System under the Dual Systems Muhammad Syukri Salleh & Abdul Fatah Che Hamat, School of Social Sciences, Universiti Sains Malaysia 4.SUCCESS STORY IN MALAYSIA'S DEVELOPMENT: CONVENTIONAL AND ISLAMIC PERSPECTIVES by Ataul Huq Pramanik, Professor, Department of Economics, International Islamic University, Malaysia 5. Roles of the Islamic banks in the monetary transmission process in Malaysia Raditya Sukmana Department of Syariah Economics, Faculty of Economics, Airlangga University, Surabaya, Indonesia, and Salina H. Kassim Department of Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, Kuala Lumpur, Malaysia

6.Malaysian Experiences on the Development of Islamic Economics, Banking and Finance Wan Sulaiman Bin Wan Yusoff Alfattani 7.Malaysian Economic Development: A Need for Reassessment? Aidit Hj.Ghazali and Mohammad Hj.Alias 8.Islamic financial system: the Malaysian experience and the way forward Mohamad Akram Laldin Department of Fiqh and Usul, International Islamic University Malaysia, Kuala Lumpur, Malaysia 9.Towards an Islamic international financial hub: the role of Islamic capital market in Malaysia Rosylin Mohd. Yusof and M. Shabri Abd. Majid Department of Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia (IIUM), Kuala Lumpur, Malaysia 10.The Poor People's perception of poverty and its Implication on the Realization of Islamic Development in kelantan, Malaysia Muhammad Syukri Salleh and Osman Md. Yusoff, School of Social Sciences, Universiti Sains Malaysia 11. Economic Development in Islam, Pelanduk Publications, Malaysia: 1991, 153 p. by Abul Hasan Muhammad Sadeq 12. Contemporary Islamic Economic Thought and Policy: Policies and Institutional Reforms in Malaysia Mohamed Aslam Haneef

13.ISLAM AND ECONOMIC GROWTH IN MALAYSIA By Mahmud bin Ahmad 14.Role Of Government in Economic Development Monzer kahf 15. ISLAM AND DEVELOPMENT REVISITED WITH EVIDENCES FROM MALAYSIA ATAUL HUQ PRAMANIK 16. Determinants of Islamic and Conventional deposits in the Malaysian banking system Sudin Haron and Wan Nursofiza Wan Azmi Kuala Lumpur Business School, Kuala Lumpur, Malaysia 17. Developing economy banking: the case of Islamic banks Farhad F. Ghannadian Stetson School of Business and Economics, Mercer University, Atlanta, Georgia, USA, and Gautam Goswami Graduate School of Business, Fordham University, New York, New York, USA

18. Efficiency and competition of Islamic banking in Malaysia Hamim S. Ahmad Mokhtar Central Bank of Malaysia, Jalan Dato’ Onn, Kuala Lumpur, Malaysia Naziruddin Abdullah AlHosn University, Abu Dhabi, United Arab Emirates, and Syed M. Alhabshi Universiti Tun Abdul Razak (UNITAR), Kelana Jaya, Malaysia 19. Equity Capital for Small and Medium-Sized Enterprises in Malaysia: Venture Capital or Islamic Finance J. Grahame Boocock and John R. Presley 20. The evolution of development economics and globalization Ryszard Piasecki Globalization Institute, Faculty of Economics and Sociology, Miron Wolnicki Department of Economics, Villanova University, Villanova, Pennsylvania, USA 21. The efficiency of Islamic banking industry in Malaysia Foreign vs. domestic banks Fadzlan Sufian Bumiputra-Commerce Bank Berhad (BCB), Department of Banking and Finance, Faculty of Business and Accountancy, University of Malaya (UM), Kuala Lumpur, Malaysia

22.Performance of Islamic and mainstream banks in Malaysia Saiful Azhar Rosly and Mohd Afandi Abu Bakar Department of Economics, International Islamic University Malaysia, Kuala Lumpur, Malaysia 23. Islamic world’s development policy responses to the challenges of financial globalization Muhammad Iqbal Anjum International Institute of Islamic Economics, International Islamic University, Islamabad, Pakistan 24. Globalization at crossroads of warfare, revolution, and universalization The Islamic panacea, stratagem and policy instruments Muhammad Iqbal Anjum International Institute of Islamic Economics, International Islamic University, Islamabad, Pakistan 25. Why do Malaysian customers patronise Islamic banks? Asyraf Wajdi Dusuki and Nurdianawati Irwani Abdullah International Islamic University Malaysia, Kuala Lumpur, Malaysia

26. THE ISLAMIC COMMON MARKET: IS IT ECONOMICALLY AND POLITICALLY JUSTIFIABLE? Zeinelabdin and Ilhan Ugurel, Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRTCIC), Ankara, Turkey 27. The information content of the Islamic interbank money market rate in Malaysia Salina H. Kassim and Turkhan Ali Abdul Manap Department of Economics, Kulliyyah of Economics & Management Sciences, International Islamic University Malaysia, Kuala Lumpur, Malaysia Databases EmerEeeEmerald Management Extra, Emerald Publishing UK SpringerLink Databases EbsCohost Research Databases ScienceDirect All of the above named databases are accessible at

SPECIAL NOTE If you face any difficulty or problems in preparing the report feel free to share with me anytime. I will appreciate it. But if you take any unfair means for example plagiarism then simply you will get ZERO.