Judging Criteria

1. Adherence to Shariah Principles:(20marks)

· Strict compliance with Islamic Shariah principles, ensuring that the idea or concept does not violate any prohibited acts (haram).

· Clear demonstration of how the idea aligns with Islamic values and ethics.

2. Innovation and Originality:(25marks)

· The novelty and uniqueness of the idea.

· The ability to offer a new or improved solution to existing challenges in Islamic finance.

· The potential for disruptive innovation within the industry.

3. Feasibility and Viability:(25marks)

· The practicality and feasibility of implementing the idea.

· The potential for commercial success and financial sustainability.

· The scalability and replicability of the concept.

4. Impact and Benefits:(20marks)

· The potential positive impact on the Islamic finance industry, society, and the economy.

· The contribution to sustainable development and social welfare.

· The ability to address unmet needs or challenges in the target market.

5. Presentation and Communication:(10marks)

· The clarity and effectiveness of the written proposal and presentation.

· The ability to articulate the idea compellingly and persuasively.

· The use of appropriate visuals and supporting materials to enhance understanding.