On the 18th until 20th October 2016. International Research Centre of Islamic Economics and Finance (IRCIEF) KUIS in collaboration with MARA Professional College Bandar Melaka (KPMBM) has organized the Islamic Finance Intellectual Discourse (IFID) which was held in Novotel Hotel Suites and Resorts Melaka. The objectives for this program were to provide exposure to intellectuals, students as well as the industry players on current issues related to Islamic Finance besides injecting firm understanding and resolution towards current issues on Islamic Finance. This program was also held to provide exposure related to the concepts and operations on the implementation of Islamic Financial system. This program was attended by 51 participants locally and internationally.

The program began on 18th October 2016 with opening ceremony officiated by YBhg. Datin Junaidah Binti Abdul Majid, Senior Director of Investment MARA. The opening ceremony was also attended by Prof Dato Dr. Ab Halim Tamuri, Rector of KUIS. The program was followed by a speech from invited keynote address speaker, Datuk Dr. Daud Bakar. The afternoon session was continued by the first invited speaker, Prof Madya Dr. Rusni Hassan, Deputy Dean, Institute of Islamic banking and Finance, International Islamic University Malaysia (IIUM) with her topic on “Sustaining Financial Stability through Shariah Governance Framework”.

The second day commenced with a speech by Prof Dato Dr. Noor Inayah Yaakob with the topic on “University-Income Generated through Waqf” followed by Prof Dr. Engku Rabiah Adawiah Engku Ali with the topic on “Harmonising Contract-Based Shari`ah Requirements & Market Realities: Will It Work?” . The afternoon session continued with the fourth speaker, Ustaz Nazri Chik, Chief Shariah Officer with the topic on “Islamic Banking Operation” and the second day of the program ended successfully.

The third day started with Puan Apnizan Abdullah, representative from IAIS Malaysia carrying the topic on “Crowdfunding as an Alternative Fundraising Tool: With Special Regard to the Malaysian Regulatory Response” and continued by Tuan Haji Rustam Mohd Idris, Deputy Director of Islamic Banking and Takaful Department, Bank Negara Malaysia with the topic entitled “Policy Considerations in Developing A Dual Financial System in Malaysia” which marked the end of the morning session. The afternoon session was continued by the last invited speaker, Prof Dr. Abdul Ghafar Ismail with his topic on “Public-Private Partnership Financing: How does it work?” and the program ended with presentation of certificate to all participants and a photography session.


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