ISSN: 2222-6990
Open access
The idea of a new era, the Industrial Revolution (IR4.0), encourages the increased use of highly automated tools and the development of cutting-edge technology that limits human interaction and speeds up normal processes in the banking industry's existing environment. This paper attempts to explore the significance of IR4.0 in the Islamic finance education. Thus, this article presents three main purposes; 1) to identify the Fourth Industrial Revolution (4IR); 2) to identify the IR 4.0 and Higher Education In Malaysia and 3) to stress the roles of Islamic Finance Education Providers. This study employed a qualitative research methodology through data collection from several previous works. The findings of this study revealed that the universities as provider of higher education services in the area of Islamic finance must also strategize the Islamic finance education direction and revisit the program that they are currently offering by altering the contents to be in consonance with the IR 4.0.
Abdul Haseeb, A. S. M. (2018). Higher education in the era of IR 4.0. New Straits Times. https://www.nst.com.my/education/2018/01/323591/higher-education-era-ir-40.
Abu Mezied, A. (2016). What role will education play in the Fourth Industrial Revolution? https://www.weforum.org/agenda/2016/01/what-role-will-education-play-in-the-fourth-industrial- revolution/
Hussin, A. A. (2018). Education 4.0 Made Simple: Ideas For Teaching. International Journal of Education & Literacy Studies, 6(3), 92-98, ISSN: 2202-9478.
Haron, H. (2018). Education in the era of the Industrial Revolution 4.0. International Conference on Information Management and Technology (ICIMTech 2018). Alam Sutera Main Campus, Bina Nusantara University.
IEEE Indonesia Section. (2018). Education in the era of the Industrial Revolution 4.0. Retrieved from http://ieee.id/newsletter/IEEE-IS-2018-17-3.pdf.
IFN Fintech Huddle. (2018). IFN Fintech Huddle Report 2018.
https://redmoneyevents.com/main/
framework/assets/2018/reports/fintech.pdf.
Ministry of Education Malaysia. (2015). Executive Summary, Malaysia Education Blueprint [Blueprint]. 2015-2025. https://www.um.edu.my/docs/um-magazine/4-executive summary-pppm-2015-2025.pdf
Mujahidin, M. (2019). Opportunities and Challenges of Sharia Technology Financials in Indonesia. MPRA Paper 94844. https://mpra.ub.uni-muenchen.de/94844/.
Lembaga Teknologis Malaysia. (2018). Techies: Industrial Revolution 4.0 (4th ed.). Malaysia Board of Technologists (MBOT) TECHies.
https://www.mbot.org.my/MBOT/files/13/136c4e63-8f2f-4d98-9951-69c96316ca46.pdf.
Kailani, R., & Wahyudin, D. (2018). Showing Existence of Islamic Higher Education in 4.0 Industrial Revolution [Paper Presentation]. The Third International Conference on Education & Regional Development (ICERD3), Universitas Pendidikan Indonesia, Indonesia. http://icerd2018.conference.upi.edu/proceedings/.
Sani, R. (2018). Embracing Industry 4.0. New Straits Times.
https://www.nst.com.my/education/2018/01/325914/embracing- industry-40.
Sarwar, G. (1996). Islamic Education: its meaning, problems and prospects. London: The Muslim Educational Trust.
Naude, W. (2016). Entrepreneurship, Education and the Fourth Industrial Revolution in Africa [Discussion Paper]. Institute of Labor Economics, Bonn, Germany.
http://hdl.handle.net/10419/170839.
In-Text Citation: (Khir et al., 2021)
To Cite this Article: Khir, M. F. A., Rahim, H. A., Rasool, M. S. A., & Ismail, N. A. (2021). Islamic Finance Education in the Era of Industrial Revoultion 4.0 (Ir 4.0). International Journal of Academic Research in Business and Social Sciences, 11(7), 513–518.
Copyright: © 2021 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode