By Muzrifah Mohamed & Hairul Zikrie Bin Ismail

The nexus between Crypto and legal tender

Ever received a paper token from a shop in lieu of a small change, which he would accept the next time you visit him? Imagine that token digitally, and that’s your cryptocurrency. Cryptocurrency is a form of digital money that is decentralised and based on blockchain technology (Ashford, 2020), secured by cryptography, makes it next to impossible to counterfeit (The Economic Times, 2022). There are more than 5,000 different cryptocurrencies in circulation but the most popular version is Bitcoin and Ethereum. Bitcoin was the first cryptocurrency, launching in 2008, and it is still the most popular, influential, and well-known. Since then, Bitcoin and other cryptocurrencies such as Ethereum have gained in popularity as digital alternatives to government-issued money. Crypto can be bought or stored in any crypto exchanger such as Luno, Huobi Global, Binance and many more. But in Malaysia there is only one exchanger that are legalise by the Securities Commission which is Luno (Ashford, 2020).

By Nooraslinda Abdul Aris

Introduction

Service-learning (SL) is not new in the education realm. The idea has been debated in the early 1960s in the way it should be defined and the theory underpinning its operationalization. In a non-specialist, SL captures tri-parties' relations between students, education institutions, and the community. As learning is an ongoing process, real-life activities will allow all actors to appreciate, understand and learn better. These so-called experimental learning approaches address education purposes with community service to advice on progressive learning by supplementing real-life ideas in the community. This paper intends to highlight the fundamentals of SL (definition and components) and how it could be integrated and implemented in the accounting related courses in the university. Adopting the SL idea means engaging the industry and community and empowering the students towards the nation 2030 vision of shared prosperity.

By Roslina Abdul Rahim

Over the past centuries, waqf (Islamic endowment) has evolved from a traditional instrument to a more dynamic instrument for socio-economic development and welfare of ummah. Historically waqf was implemented by universities and hospitals, such as the University Al-Azhar in Egypt, the Hospital Al-Noori in Damascus, Syria, and the Dhaka University in Bangladesh (NST, 2018).

In the 15th century, the Ottoman Empire adopted the idea of cash waqf that supported the large-scale public works. During this golden age, the ruler and the wealthy aristocrat donations contributed to this enormous projects’ development. It is created in order to preserve the socioeconomic unity of the nation and the city through endowment contributions (Mokhtar et al, 2010)

Waqf development is now capable of being even more exceptional and unique. All around the globe, several products and waqf programmes are emerging. There is a new concept of corporate waqf today in South East Asia countries.