ROUND TABLE DISCUSS

 MAQASID SHARIAH

1. ROUNDTABLE POLICY DISCUSSION ON MAQASID SHARIAH

 

 

ORGANIZERS: International Research Centre of Islamic Economics and Finance, International Islamic University College Selangor (KUIS) and Islamic Research and Training Institute (IRTI), Jeddah

 

DATES: 1st – 2nd June, 2015

 

VENUE: Senat Hall, International Islamic University College Selangor, KUIS, Bandar Seri Putra, 43000 Kajang

 

CALL FOR PAPERS

Policy oriented research in the area of maqasid shariah is an important segment of work at Islamic Research and Training Institute, IDB. The subject matter of Maqasid al-Sharia is broad and can be approached from various angles such as: its historical development, use in ijtihad, identification and classification of maqasid, approaches in identification of maqasid and the differences in those methods etc.

Maqasid al-Shariah can also be approached from its applications to various contemporary issues, for example, application of Maqasid al-Shariah in medical ethics, application in law etc.

MAIN ISSUES OF INTEREST

Our interest is in the application of:

  1. Maqasid al-Sharia in socio-economic policy making;
  2. Gauging the performance of socio-economic polices in the light of fulfilment of Maqasid al-Sharia;

Thus the policy roundtable discussion is a continuation from the 1st and 2nd workshop on “Towards a Maqasid al-Shariah based Index of Socio-Economic Development”.

 

CALL FOR PAPERS AND SPECIFIC OBJECTIVES

Papers are invited from individual scholars, research groups as well as institutions on the above subject. We are interested in all sorts of papers that can lead to creation of policy Maqasid al-Shariah for Socio-Economic Development.

The papers can address some or all of the following:

  • Suggest various indicators and how they tie with one or more objectives of the Shariah.
  • Evaluate various indicators for measurement of the multi-dimensions of these Maqasid (e.g., how good the indicators as a proxy for the relevant dimension, to what extant there is cross-dimensional overlap etc).
  • Explore data availability across various countries on various variables that may be relevant/useful in construction of such index.
  • Propose policy for Maqashid al-Sharia-for social economic development

Final selection of papers will be made by a panel of researchers at IRTI-IDB and IRCIEF for presentation in the Policy Roundtable Discussion to be held in IRCIEF, KUIS, Malaysia on 1st – 2nd June, 2015.

IMPORTANT DATES:

  • Send intention of submission along with a title and short abstract by 1st March, 2015
  • Full papers by 15th March, 2015
  • The final decision of selection committee by 1st April, 2015
  • Policy Roundtable Discussion 1st – 2nd June, 2015.

 

TICKETS AND HOTEL:

IRTI will provide the roundtrip economy class ticket and hotel accommodation for three nights to authors of the selected papers (in case of joint authors only one author of each paper will be provided with this facility. IRTI can provide only visa facilitation to other co-authors if needed).

IMPACT, BENEFITS, SERVICE AND PUBLICATION

Through a paper in this seminar the authors would be contributing directly in the efforts to create an appropriate index and policy oriented pioneering work.

The authors will have a chance for their papers to be published in IRTI journal Islamic Economic Studies after the usual refereeing process. They will also be published on the net in IRTI Working Paper Series or in the form of seminar proceedings along with the synopsis of the seminar.

FURTHER INFORMATION ON SCOPE OF THE PAPERS AND FORMATTING STYLE

  • Apart from the conceptual literature on Maqasid al-Shariah the authors would also benefit from the discussions offered by a vast literature on Multidimensional Poverty Index, Happiness index, and theoretical underpinning papers on the measurement of economic wellbeing.
  • Papers may be submitted in MSWord format.
  • Please submit paper to mssed2015@kuis.edu.my.
  • There is no strict formatting style constraint for the initial submission. However, if the paper is selected the authors would be asked to convert it into the formatting style of Islamic Economic Studies.

 2.ROUNDTABLE DISCUSSION ON CRYPTOCURRENCY: ISSUES AND SOLUTIONS

 

On 16th April 2018, a roundtable discussion on cryptocurrency has been organized by International Research Centre of Islamic Economics and Finance (IRCIEF), KUIS in collaboration with Faculty of Science and Information Technology (FSTM), KUIS, International Shari’ah Research Academy for Islamic Finance (ISRA) and Movement for Monetary Justice of Malaysia (MMJ). The programme took place at International Islamic University College of Selangor (KUIS) from 9 a.m. until 4:30 p.m.

The roundtable discussion has been led by Prof Dr Ashraf Md Hashim, Chief Executive Officer of ISRA Consultancy as the moderator. Among the roundtable discussion panellists are the academicians from universities, non-government organization, representatives from mufti offices and information technology experts. There are varieties of issue that have been arisen throughout the session such as the usage status of cryptocurrency from Shariah perspective and security issues in using cryptocurrency.

In the midst of programme, a Memorandum of Cooperation has been signed between KUIS and ISRA. KUIS has been represented by Dr Mohamad Syukri Abdul Rahman, Deputy Rector of Student and Alumni Development while ISRA has been represented by Prof Dr Ashraf Md Hashim.

At the end of the roundtable discussion, the moderator has summarized if cryptocurrency is backed by commodity or issued by government, the issues that arise are expected to be less, however it is also depends on how well it is implemented and it is essential to get verification of subject matter expert. Other than that, the value of cryptocurrency among its users is based on their trust in the technology used. In addition, cryptocurrency with strong technology will survive while cryptocurrency with weak technology will not last. Cryptocurrency is not a stand-alone currency. As of now, it is still based on fiat money. In the context of Shariah, the use of cryptocurrency as medium of settlement and remittance may fall under the general concept of the following; All things are originally permissible (الأَصْلُ فِي الأَشْيَاءِ الإِبَاحَة) and the willingness of the sides in implementing the contract.

In overall, this programme has given an exposure for the attendees in knowing the cryptocurrency issues which are still new in this country from various perspectives.

Some photos of the roundtable discussion.

3. ROUNDTABLE DISCUSSION: WAY FORWARD TO WAQF UNIVERSITY

International Research Centre for Islamic Economics and Finance (IRCIEF) had organized a Roundtable Discussion: Way Forward to Waqf University on 17th August 2017 at Management Meeting Room, Kolej Universiti Islam Antarabangsa Selangor (KUIS). The event was attended by 7 invited speakers from various institutions.

The Roundtable Discussion: Way Forward to Waqf University began with opening speech by Dr Mokmin Basri, Deputy Rector (Academic and Research), KUIS followed by his presentation on “Aspiration of KUIS as Waqf University”. The program continued with presentation from Director of IRCIEF KUIS, Dr Latifa Bibi Musafar Hameed. Her presentation was about “Waqf University Models Based on Benchmark Studies” and followed by discussion among the invited speakers.

After lunch break, the program continued with presentation on “Waqf Education in UPM” by Dr Razali bin Othman, Director of WAZAN, UPM followed by resolution and wrap up. The program which was conducted for eight hours ended successfully.

4. POLICY ROUNDTABLE DISCUSSION ON MAQASID SHARI’AH

ANOTHER COLLABORATION BETWEEN IRCIEF AND IRTI-IDB

International Research Centre of Islamic Economics and Finance (IRCIEF), KUIS in collaboration with Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB) had organised the Policy Roundtable Discussion on Maqasid Shari’ah on 1 and 2 June 2015 at Senate Hall, KUIS. The programme was attended by 5 presenters and 36 participants.

The presenters were Mr. Ascarya (Bank Indonesia), Dr. Shafiullah Jan (Institute of Management Sciences, Peshawar, Pakistan), Dr. Zahoor Khan (Institute of Management Sciences, Peshawar, Pakistan), Dr. Muhammad Azeem Qureshi (University College of Applied Sciences, Oslo, Norway) and Mr. Ismail Nizam (IIUM). The participants were representatives from State Economic Planning Unit (State EPU), IRTI-IDB, INCEIF, ISRA, Securities Commission, Bank Negara Malaysia, Universiti Kebangsaan Malaysia, International Islamic University Malaysia (IIUM) and KUIS. Puan Nazifah Mustaffha and Mohd Rofaizal bin Ibhraim of KUIS acted as the rapporteur for the programme.

The programme with the theme Maqasid Shari’ah for Social Economic Development was organised with the main objective to discuss on issues, solutions and provide recommendations to Maqasid Shari’ah related issues. The two-day programme was officiated by Prof. Dr. Abdul Ghafar Ismail, Head of Islamic Economics and Finance Research Division, IRTI and the discussion was moderated by Dr. Salman Syed Ali of IRTI-IDB. The result was a wide-ranging debate and fruitful discussion that covered all issues identified and agreed upon by the presenters and participants at the end of the programme. The closing ceremony was officiated by KUIS Rector Prof Dato Dr. Ab Halim Tamuri who, in his speech, had expressed his gratitude to IRTI for their trust in KUIS and IRCIEF in particular, to collaborate in organizing the event and his hope was to have many more collaborative efforts from both parties in the future.

Prepared by:
Surianom Miskam and Nurul Nadia Roslan (IRCIEF)
June 2015

5.REGULAR ROUNDTABLE DISCUSSION / MOU WITH CIBFM

A Regular Roundtable Discussion and Memorandum of Understanding signing ceremony was held with the Centre for Islamic Banking, Finance and Management (CIBFM), Universiti Brunei Darussalam Campus on 05th August 2015.

6.POLICY ROUNDTABLE DISCUSSION ON MAQASID SHARI’AH

ANOTHER COLLABORATION BETWEEN IRCIEF AND IRTI-IDB

International Research Centre of Islamic Economics and Finance (IRCIEF), KUIS in collaboration with Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB) had organised the Policy Roundtable Discussion on Maqasid Shari’ah on 1 and 2 June 2015 at Senate Hall, KUIS. The programme was attended by 5 presenters and 36 participants.

The presenters were Mr. Ascarya (Bank Indonesia), Dr. Shafiullah Jan (Institute of Management Sciences, Peshawar, Pakistan), Dr. Zahoor Khan (Institute of Management Sciences, Peshawar, Pakistan), Dr. Muhammad Azeem Qureshi (University College of Applied Sciences, Oslo, Norway) and Mr. Ismail Nizam (IIUM). The participants were representatives from State Economic Planning Unit (State EPU), IRTI-IDB, INCEIF, ISRA, Securities Commission, Bank Negara Malaysia, Universiti Kebangsaan Malaysia, International Islamic University Malaysia (IIUM) and KUIS. Puan Nazifah Mustaffha and Mohd Rofaizal bin Ibhraim of KUIS acted as the rapporteur for the programme.

The programme with the theme Maqasid Shari’ah for Social Economic Development was organised with the main objective to discuss on issues, solutions and provide recommendations to Maqasid Shari’ah related issues. The two-day programme was officiated by Prof. Dr. Abdul Ghafar Ismail, Head of Islamic Economics and Finance Research Division, IRTI and the discussion was moderated by Dr. Salman Syed Ali of IRTI-IDB. The result was a wide-ranging debate and fruitful discussion that covered all issues identified and agreed upon by the presenters and participants at the end of the programme. The closing ceremony was officiated by KUIS Rector Prof Dato Dr. Ab Halim Tamuri who, in his speech, had expressed his gratitude to IRTI for their trust in KUIS and IRCIEF in particular, to collaborate in organizing the event and his hope was to have many more collaborative efforts from both parties in the future.

Prepared by:
Surianom Miskam and Nurul Nadia Roslan (IRCIEF)
June 2015

7.ROUNDTABLE POLICY DISCUSSION ON MAQASID SHARIAH – DOWNLOAD UPDATE

Additional download updates:

  • One of the papers compiled earlier (M-Dex among the Islamic Countries) has been updated and can be downloaded here.
  • The Shariah Index for Malaysia can be downloaded here
  • Presentations can be downloaded here.

8.ROUNDTABLE POLICY DISCUSSION ON MAQASID SHARIAH – DISCUSSION PAPERS

9.ROUNDTABLE POLICY DISCUSSION ON MAQASID SHARIAH POSTPONED TO 1 – 2 JUNE, 2015

10.ROUNDTABLE DISCUSSION ON AR-RAHNU PRODUCTS

ROUNDTABLE DISCUSSION ON AR-RAHNU PRODUCTS:
A COLLABORATION BETWEEN IRCIEF AND BANK RAKYAT

Bank Rakyat in collaboration with International Research Centre of Islamic Economics and Finance (IRCIEF) KUIS had organised the Roundtable Discussion on Ar-Rahnu Products on 31 December 2014 at the Senate Hall, KUIS. The programme was attended by 11 panelists and 19 observers from Bank Rakyat, Bank Islam, ISRA, YAPEIM, UIAM and KUIS.

The panelists were Dr. Mohamed Fairooz Abdul Khir (ISRA), Encik Burhanuddin Lukman (ISRA), Prof. Dr. Azman Mohd Noor (IIUM), Encik Wan Rumaizi Wan Husin (Bank Rakyat), Encik Abdullaah Jalil (Bank Rakyat), Prof. Madya Dr. Siti Salwani Razali (Bank Rakyat), Encik Mohd Nazri Chik (Bank Islam), Encik Hairul Fazli Mohammad Som (KUIS), Encik Khairul Anuar Ahmad (KUIS), dan Encik Ahmad Yani Ismail (KUIS).

The observers from KUIS were Encik Muhammad Subari Ramli, Puan Maffuza Mohd Salleh, Puan Sa’diah Abdul Karim, Puan Nurul Wajhi Ahmad, Dr. Nor Hakimah Haji Mohd Nor, Puan Farah Mohd Shahwahid, Puan Norhanizah Johari and Puan Nurhayati Abdul Ghani while Puan Nazifah Mustaffha and Puan Marliana Abdullah acted as the resolution writers for the programme.

The programme with the theme Discussion on Ar-Rahnu of Bank Rakyat: Structure and Issues was organised with the main objective to revisit and re-evaluate the Ar-Rahnu product in ensuring Shariah compliant and halal income of the Bank Ar-Rahnu activities and to find solutions to the issues.

The one-day programme was officiated by KUIS Rector Prof. Dato’ Dr. Ab. Halim bin Tamuri and the discussion was moderated by Vice President, Shariah Compliance of Bank Rakyat, Encik Mohd Zamerey bin Abdul Razak. The result was a wide-ranging debate and fruitfull discussion that covered all issues identified and agreed upon by the panelists at the end of the programme.