World Islamic Investment Cooperation (WIIC)? ~ World Islamic Investment Cooperation Legitimate Gain with Risk Sharing Spirit

Sunday, March 24, 2013

World Islamic Investment Cooperation (WIIC)?

3:37 AM

Mohd. Ma'sum Billah

The brain child idea with conceptual architecture of WIIC had been began since 2006 through my humble initiative & efforts with gradual effect by referring to the phenomena of wealth & investment management in different parts of the muslim and some parts of non-muslim world, desired by the respective owners to be structured under the principles of Shari'ah, which ought to be further standardised as to its system, operation & end results for the added benefit of the Ummah in reality.

The existence of fund alone may not be able to ensure the right achievement unless being integrated with the right system of offerings, genuine parties & relevant projects or avenues, all of which shall be pillared on mutual cooperation of the universal spirit of brotherhood among all fund owners, investors, manufacturers, industrialists, project owners, fund managers, technical group & other related groups.

As the today's world is experiencing the greater appreciation from the global community towards the attributes of Shari'ah structure of finance & investment portfolios with promising outcomes, which requires an urgent thought of a centralised global entity to offer required facilities to achieve the desired goal.

To date, no global entity (by uniting all Islamic investors, manufacturers, project owners & managers) yet to offer the centralised facilities for the global Islamic investment management hence, it is the right time to establish "World Islamic Investment Cooperation (WIIC)" for the global ummatic (humanity) benefits by enjoying the discovered goal in the holistic spirit of brotherhood.

WIIC is designed with 18 expected components (by gradual implementation) namely:

1. world islamic investment hub.
2. world islamic manufacturers' hub.
3. world islamic barter trading hub.
4. world islamic venture capital development & management hub.
5. world islamic cooperative micro-finance hub.
6. world islamic micro-credit (al-rahnu) hub.
7. world islamic hedge fund structure hub.
8. offshore islamic bullion bank.
9. world islamic investors' club.
10. world halal shopping mall development hub.
11. world islamic commodity trade development hub.
12. world islamic mini-hospital development hub.
13. world islamic construction development hub.
14. world halal tourism development hub.
15. world islamic power plant development hub.
16. world islamic mono-rail development hub.
17. world islamic effective poverty eradication by enterprising plan through Zakat.
18. world islamic corporate human capital development hub.

0 comments:

Post a Comment

short profile

Mohd Ma'Sum Billah, PhD, is a Malaysian.

He was born in a respectable learned ('Ulama')family. His father was Mufti (Islamic jurisprudential expert) while his mother was religious teacher specializing in Tasauuf. "May Allah (swt) grant them Jannatul Ferdaus".

Currently he is a Professor (finance, insurance, investment, capital market, petroleum finance & trade and social finance), King Abdul Aziz University, Saudi Arabia.

He began his academic career with the faculty
of law and subsequently with the department of business administration of the International Islamic University Malaysia (IIUM), Malaysia.

He had been serving as a proposed VC of a proposed university (UCTECH) in Malaysia, which aimed at establishing possible internationally standard education & research opportunities in applied science, technology, health-care, finance, business, IT and social science related programs both at undergraduate and postgraduate levels.

He had also served as a director for the “Islamic Chamber of Commerce & Industry (OIC Countries), Jeddah, Saudi Arabia”, in charge of global trade & investment cooperation.

Billah in his professionalcapacity as a visiting professor, adjunct-professor, external supervisor, external examiner & viewer had also been lecturing, supervising and examining at both degree, post-graduate & post-doctoral levels in several universities and countries including Malaysia, Saudi Arabia, Australia, Iran, USA, UK, Pakistan, Russia, Brunei, Indonesia, Singapore, UAE, Egypt, China, Japan, Germany, Africa, India, Canada and to name a few.

Billah has authored a series internationally refereed books / chapters in book in the leading specialized subjects of applied Islamic & comparative finance, insurance, trade, investment, capital market, sukuk, waqf, social finance, business, e-commerce, corporate laws & policies. Out of which, 31 have already been published by several reputable publishers including Thompson Reuters, Sweet & Maxwell, Edward Elgar, McMillan Palgrave, IIBI and so on, which had been being used as a reference by universities, researchers, governments, NGOs, professional sectors, students and industries in different parts of the world.

He has also written and duly published more
than 200 articles in different refereed Journals, Periodicals, Encyclopedias & Medias on applied Comparative & Islamic finance, insurance, capital market, waqf, social finance, sukuk & corporate issues globally.

He had also been actively presenting more than 300 specialized lectures & papers at Conferences, Conventions, Summits, Seminars & Executive Workshops internationally, regionally and locally as well on applied Comparative & Islamic finance, insurance, petroleum finance, sukuk, waqf, social finance, capital market, investment & corporate issues.
.

He had been actively sharing his ideas in different medias (TV, radio, newspapers, magazines, periodicals & talk shows) on the specialized issues of Islamic & comparative finance, insurance, investment, trade, social finance & corporate solutions internationally, regionally and locally as well.

Billah had been sitting & contributing in his capacity as the member in more than 30 different boards of financial, academic, corporate & NGO organizations internationally, regionally & locally.

He in his capacity as an adviser, board of directors, consultant & viewer, had been offering his humble intellectual contributions globally on both modern & Islamic financial reform & transformation, applied Islamic and comparative finance, insurance, investment, government strategies & policies (finance, insurance, investment, capital market, social finance & trade), privatization, industrialization, public finance, money, global trade & shipping, foreign export, petroleum trade and finance (oil & gas), barter trade, halal standard, audit standard, e-commerce, insurance, takaful, business, cooperative micro-finance, cooperative micro-bond, sukuk, REITs, financial instruments, project finance, waqf, social finance, global investment cooperation and also Shari'ah compliance of modern financial system to suite the contemporary reality.

Among the contributions in the above specialized sectors are, as to products, technicalities, government policies, strategies, instruments and operations.

Objectives in the above contributions are (inter alia) the humanitarian concern with socio-economic democracy for all underprivileged ones by helping them enjoying with eco-peace and prosperity within the holistic spirit & universal value of brotherhood, mutual cooperation, utmost care & concern by no issue of one's religion, race, color, gender, status, nationality or personality.

World Islamic Investment Cooperation Legitimate Gain with Risk Sharing Spirit

Sunday, March 24, 2013