Mindanao State University Philippines hosts the 6th ASEAN Universities International Conference on Islamic Finance

Mindanao State University Philippines hosts the 6th ASEAN Universities International Conference on Islamic Finance

Jointly with the International Council of Islamic Finance Educators (ICIFE), Mindanao State University (MSU) Philippines, International Islamic University of Malaysia (IIUM), University of Darussalam (UNIDA) Gontor Indoensia, Universiti Islam Sultan Sharif Ali (UNISSA) Brunei Darussalam, State Islamic University Sunan Kalijaga Yogyakarta, Sultan Agung Islamic University and Tazkia University College of Islamic Economics, ICIFE has organized the 6th Asean Universities International Conference on Islamic Finance (AICIF).

The conference was held in New World Makati Hotel in Manila, Philippines, on 14-15 November 2018 under the theme “Strengthening Islamic Finance in South East Asia Through Innovation, Collaboration and Research“. Secretary Benjamin Diokno, Secretary of the Department of Budget and Management (DBM) officially opened the event on behalf of President of the Philippines, Rodrigo Dutert.


The Conference included 20 parallel sessions (16 in English and 4 in Arabic) and five plenary sessions on Sukuk Financing, Financial Innovation, Potential of Islamic Finance, Comparative Regulatory Framework Among South East Asian Nation Challenges of Shari’ah Compliance, and Disclosure and Regulating Form.

On the second and final day, Mr. Dr. Khoirul Umam, M.Ec became the panelist for third plenary session on Potential of Islamic Finance. Mr. Umam, as panelist, discussed and explored the natural potential of Islamic finance, which is characterized by contractual side and institutional side.

In addition, he introduced the community based financial system, including educational institution, mosque community based and community based BMT. Community based financial system have great economic potential, namely the strength of the community network, community social capital and the existence of community based financial system which is very close to the society and micro enterprises.

The conference provided a distinct opportunity to discuss many and various pressing issues in Islamic Economics and Finance. In plenary session as well as parallel sessions, more than 80 papers were presented and discussed. The authors of these papers are academicians and post-graduate students from 22 universities around the world.

In the end of conference, UNIDA Gontor welcomed the offer of ICIFE and seven co-organizers from various universities across ASEAN to organize and host the 7th AICIF in Gontor in November 2019. [Atika / Ed. Taufiq]

 

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