Jihad of economy

His Royal Highness the Raja Muda (Crown Prince) of Perlis, Tuanku Syed Faizuddin Putra Jamalullail consent to officiate the seminar of 'Jihad Bisnes and Wakaf Korporat' at Masjid Al-Hussain, Kuala Perlis. The seminar were jointly organized by the Majlis Hal Ehwal Agama Islam dan Adat Istiadat Melayu Perlis (MAIPs), Perlis State Islamic Religious Council and Dewan Perdagangan Islam Malaysia (DPIM). The Crown Prince who is also the President of MAIPs stated that the Muslims need to transform and make a 'jihad' towards improving the socio-economic status in accordance to the teaching of Islam. In the needs to face current economic competition, the Muslim need to compete in business as well as creating a corporate endowment as an institution that can help the development of Islamic economy.

The Crown Prince also stated that, Islam is currently facing great challenges in economic sectors which are showing that Muslim are lagged behind. The Crown Prince have the confident that the idea of ​​corporate endowment as those raised by the Congress of DPIM and all Islamic Councils in Malaysia in September last year is a move that could help generate economic development of Muslims. During the glory age of the Islamic empire, 'wakaf' are among the most important element in the administration of the country and a catalyst for the development and provision of national infrastructure.

picture from Utusan