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This paper aims to provide a roadmap for organizations to build big data projects and reap the most rewards out of their data. It covers all aspects of big data project implementation, from data collection to final project evaluation.

In each stage of the proposed roadmap, we introduce different sets of information and communications technology platforms and tools to assist IT professionals and managers in gaining a comprehensive understanding of the methods and technologies involved and in making the best use of them. The authors also complete the picture by illustrating the process through different real-world big data projects implementations.

By adopting the proposed roadmap, companies and organizations willing to establish an effective and rewarding big data solution can tackle all implementation challenges in each stage of their big data project setup: from strategy elaboration to final project evaluation. Their expectations of privacy and security are also baked, in advance, into the big data project design.

While technologies to build and run big data projects have started to mature and proliferate over the last couple of years, exploiting all potentials of big data is still at a relatively early stage. The value of this paper consists in providing a clear and systematic methodology to move businesses and organizations from an opinion-operated era where humans’ skills are a necessity to a data-driven and smart era where big data analytics plays a major role in discovering unexpected insights in the oceans of data routinely generated or collected.

The primary objective of this research is to introduce a pioneering takaful model that provides both provision and protection to the aging population by combining the concept of cash waqf with takaful. This model is designed to align with Shariah principles, ensuring sustainability and enduring impact.

This research adopts a qualitative methodology, where a focus group discussion was conducted with six stakeholders. The participants consisted of takaful operators, legal experts and other industry players. The participants were presented with the proposed cash waqf takaful model and their feedback was recorded. Legal issues related to linking waqf with takaful were also identified and discussed.

The study highlights the need for innovative financial solutions to support Malaysia's aging population. It proposes a cash waqf takaful model, leveraging crowd funding for sustainability. Legal hurdles and recommendations for overcoming them are discussed, along with suggestions for future research on quantitative validation and regulatory frameworks. Ultimately, the study emphasizes the holistic approach of the proposed model in addressing the well-being of Malaysia's senior citizens.

The proposed takaful model presents opportunities for takaful operators to integrate Islamic social finance into their operations, enabling easier access to takaful for the elderly community. By eliminating financial barriers, it can transform the takaful landscape, ensuring inclusivity and financial security for aging populations. Moreover, policymakers see it as a blueprint for sustainable financial solutions and social welfare enhancement globally.

The study introduces a novel cash waqf takaful model to support Malaysia's aging population, leveraging crowdfunding for sustainability. It addresses legal challenges unique to Malaysia and proposes collaboration with State Islamic Religious Authorities. Furthermore, it emphasizes the need for further research to validate the model's effectiveness and explores its potential global policy implications.