{"id":6396,"date":"2026-09-29T16:22:32","date_gmt":"2026-09-29T08:22:32","guid":{"rendered":"https:\/\/centre.iium.edu.my\/cie\/?page_id=6396"},"modified":"2026-09-29T16:46:28","modified_gmt":"2026-09-29T08:46:28","slug":"mof-mohe-budget-initiatives-2025","status":"publish","type":"page","link":"https:\/\/centre.iium.edu.my\/cie\/mof-mohe-budget-initiatives-2025\/","title":{"rendered":"MOF\/MOHE BUDGET INITIATIVES 2025"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6396\" class=\"elementor elementor-6396\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ca561d5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ca561d5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d594ce5\" data-id=\"d594ce5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a12ea0 elementor-widget elementor-widget-heading\" data-id=\"5a12ea0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Budget 2025 Initiative: \nA Collaboration Between the International Islamic University Malaysia (IIUM) And INCEIF University \u2013 Understanding and Application of Universal Islamic Economic Values<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04e2c41 elementor-widget elementor-widget-text-editor\" data-id=\"04e2c41\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"cvGsUA block-font-kerning-none block-font-feature-liga-off block-font-feature-clig-off block-font-feature-calt-off direction-ltr align-justify\"><span class=\"a_GcMg font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\" style=\"color: #000000\">The Ministry of Finance (MOF) awarded a RM5 million research grant to IIUM\u2019s Kulliyyah of Economics and Management Sciences (KENMS) to advance Islamic economics, finance, management, and accounting. Following approval under Budget 2025, IIUM requested disbursement in December 2024, formed a governance working committee in March 2025, and received the first tranche of RM2.5 million in late April 2025. Between May and August 2025, KENMS solicited, evaluated, and funded approved research proposals. This mid-term report details financial utilization, research outputs, capacity-building activities, and remaining plans for the second half of the grant period.<\/span><\/p><p class=\"cvGsUA block-font-kerning-none block-font-feature-liga-off block-font-feature-clig-off block-font-feature-calt-off direction-ltr align-justify\"><span style=\"color: #000000\"><strong><span class=\"a_GcMg font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Project Rationale<\/span><\/strong><\/span><\/p><ul><li><span class=\"a_GcMg font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\" style=\"color: #000000\">Institutional Leadership: KENMS is uniquely positioned to drive this initiative due to its established track record of integrating Islamic principles into economic and managerial sciences.<\/span><\/li><li><span class=\"a_GcMg font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\" style=\"color: #000000\">Comprehensive Structure: Unlike specialized institutes, KENMS spans four departments (Economics, Finance, Accounting, and Business Administration), allowing for an interconnected approach across all four disciplines.<\/span><\/li><li><span class=\"a_GcMg font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\" style=\"color: #000000\">Established Capacity: IIUM\u2019s deep academic networks, publishing record, and expertise ensure immediate, effective fund mobilization.<\/span><\/li><\/ul><p class=\"cvGsUA block-font-kerning-none block-font-feature-liga-off block-font-feature-clig-off block-font-feature-calt-off direction-ltr align-justify\"><span class=\"a_GcMg font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\" style=\"color: #000000\">Channeling the RM5 million to a single institution streamlines governance, ensures consistent project oversight, and delivers coherent, policy-relevant outcomes.<\/span><\/p><p><span style=\"color: #000000\">Managed across four key domains which is Research (34%), Academic (31.6%), Peneraju Global (26.4%), and Community (8%), the initiative oversees a total portfolio of 76 active research projects across five academic departments. <\/span><span style=\"color: #000000\" data-path-to-node=\"0,4\">As of mid-2026, over 50% of the allocated budget has been utilized, delivering impactful outcomes such as published scholarly books, high-indexed journal articles, new curriculum and micro-credential modules, and direct micro-financing support for local entrepreneurs through the i-Taajir community program<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Budget 2025 Initiative: A Collaboration Between the International Islamic University Malaysia (IIUM) And INCEIF University \u2013 Understanding and Application of Universal Islamic Economic Values The Ministry of Finance (MOF) awarded a RM5 million research grant to IIUM\u2019s Kulliyyah of Economics and Management Sciences (KENMS) to advance Islamic economics, finance, management, and accounting. Following approval under<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/centre.iium.edu.my\/cie\/mof-mohe-budget-initiatives-2025\/\" class=\"themebutton\">Read More<\/a><\/p>\n","protected":false},"author":48,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-6396","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/pages\/6396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/comments?post=6396"}],"version-history":[{"count":4,"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/pages\/6396\/revisions"}],"predecessor-version":[{"id":6402,"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/pages\/6396\/revisions\/6402"}],"wp:attachment":[{"href":"https:\/\/centre.iium.edu.my\/cie\/wp-json\/wp\/v2\/media?parent=6396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}