SEMINAR

SEMINAR HARTA BARAKAH SIRI 2

Zakat International Excellence Unit, International Research Centre  of Islamic Economics and Finance (IRCIEF) in collaboration with Lembaga Zakat Selangor (LZS) and Masjid Al-Hasanah, Bandar Baru Bangi had organized the Seminar Harta Barakah on 05 May 2018 at Masjid Al-Hasanah, Bandar Baru Bangi.

The seminar theme “ Berkat di Dunia dan Selamat di Akhirat” was officiated by Dr. Mokmin Bin Basri, Deputy Rector of Academic & Research, KUIS. There is three sharing session which is Pengurusan Harta Dalam Islam, Pengiraan Zakat and Qada Zakat involved during this one day event. Each session was represented by a speaker from Lembaga Zakat Selangor (LZS).

 

1st GLOBAL CONFERENCE ON ISLAMIC ECONOMICS AND FINANCE (GCIEF) 2018

1st Global Conference on Islamic Economics and Finance (GCIEF) 2018, jointly organized by International Research Centre of Islamic Economics and Finance (IRCIEF), International Islamic University College Selangor (KUIS), Malaysia and International Shari’ah Research Academy for Islamic Finance (ISRA) took place on 24th – 25th October 2018.

This event which was held in Sasana Kijang, Bank Negara Malaysia Kuala Lumpur, has attracted participant from various background and country such as Indonesian, Germany and Bangladesh. Approximately 27 papers were presented in the two-day event together with three (3) intellectual forums by regulators, industry player and representative from international bodies.

The two (2) days event was ended successfully with the Keynote Speaker by representative from Ministry of Finance Malaysia and Distinguished Prof Dr Rajah Rasiah, 2018 Merdeka Award Recipient during the closing ceremony.

For further information please go to: http://conference.kuis.edu.my/conpha2017/

 

SEMINAR HARTA BARAKAH SIRI 1

Zakat Excellence Unit, International Research Centre  of Islamic Economics and Finance (IRCIEF) in collaboration with Lembaga Zakat Selangor (LZS) had organized the Seminar Harta Barakah on 28 Disember 2017 at Masjid Al-Azhar, International Islamic University College Selangor (KUIS).

The seminar theme “ Berkat di Dunia dan Selamat di Akhirat” was officiated by Dr. Mokmin Bin Basri, Deputy Rector of Academic & Research, KUIS. There is three sharing session which is Pengurusan Harta Dalam Islam, Pengiraan Zakat and Qada Zakat involved during this one day event. Each session was represented by a speaker from Lembaga Zakat Selangor (LZS).

 

THE CONFERENCE ON PHILANTHROPY FOR HUMANITARIAN AID (CONPHA) 2017

The Conference on Philanthropy for Humanitarian Aid (CONPHA) 2017, jointly organized by International Research Centre of Islamic Economics and Finance (IRCIEF), International Islamic University College Selangor (KUIS), Malaysia and Sultan Sharif Ali Islamic University (UNISSA), Brunei Darussalam, and in collaboration with Islamic Research & Training Institute (IRTI), International Islamic Development Bank (IDB), Jeddah, Kingdom of Saudi Arabia took place on Tuesday 23rd May to Wednesday 24th May.

This event which was held in Sultan Sharif Ali Islamic University, Brunei, has attracted a large number of participants and the presentations have stimulated an interesting and lively debate among speakers and audience. Approximately thirty papers were presented in the two-day event; an international seminar and a forum for the most up-to-date academic research in the area of humanitarian aid and action.

The first day started with opening ceremony in the morning by Minister of Culture, Youth and Sports, Brunei Darussalam, Yang Berhormat Pehin Datu Lailaraja Mejar Jeneral (B) Dato Paduka Seri Haji Awang Halbi bin Hj. Mohd Yussof. In his speech, the minister said that in Islam, act of charity such as zakat, endowment and sadaqa have the functional objectives of creating balance in social inequities, as well as alleviating poverty. Proactive and sustainable charity initiatives and activities are becoming more significant as a means to fight human crisis domestically and globally. Before that, the ceremony began with a recitation of Surah Al-Fatihah, followed with two welcoming remarks by the Programme Chairpersons, Dr. Hajah Rose Abdullah (UNISSA) and Dr. Norzalina Zainudin (IRCIEF-KUIS).

This seminar witnessed the introduction of a special session on keynote address 1 covering Philanthropy and Humanitarian Aid by Professor Abdul Ghafar Ismail, Senior Lecturer in Faculty of Islamic Economics and Finance, UNISSA. The seminar was continued with the second speaker, Dr. Razali Othman, Director at Centre for Management of Wakaf, Zakat and Endowment (WAZAN), Universiti Putra Malaysia (UPM) who presented a topic on Waqf for Education: Practice, Challenges and the Way Forward.

Other papers covered a variety of subjects related to philanthropy and humanitarian action including zakat, waqf, sadaqa, microfinance and many others related to Islamic economics and finance with research covering a broad time-scale from the earliest to the present day. Presentations were both interesting and diverse in sharing knowledge and experience, ranging from Malaysia, Brunei, Indonesia and Turkey to South Africa.

The event later proceeded with the signing of Memorandum of Understanding (MOU) between KUIS and UNISSA with the Istanbul Sabahattim Zaim University of Turkey.

The final session has highlighted two main resolutions from the seminar: (i) Fundamental rethink of required humanitarian financing which looks on the role of Islamic Social Finance and (ii) a lack of global platform – an integrated, allocation system among Muslim donors that would cater for international crises.

Resolution 1 – fundamental rethink of required humanitarian financing – the role of Islamic Social Finance

  1. The establishment of Islamic humanitarian institution to distribute the humanitarian aid and funds for recovery of social economy among the poor or the needy through: nano-finance – beyond micro small enterprise; Islamic pawn-broking (or ar-rahnu); micro-finance (including the financing options such as ijarah, murabahah and muzara’ah funds); cash waqf as altruistic model; charitable organization; commercial-social integrated model;
  2. New list of waqf properties such as knowledge waqf, solar panel, cash waqf – these properties would also help in realizing sustainable development goals;
  3. Humanitarian aid’s objectives – promote peace and inculcate moral values (to free the society from ethical, religious, political and economic ills), education
  4. Enabling environment such as policy-oriented philanthropy, decentralization policy on distribution channel; empowering policy (for example business entrepreneurship via zakat); loving people or caring society policy; education and awareness (for example zakat education, community services (such as internship program with charity organization), journal of philanthropy, degree in humanitarian economics); research (Centre for philanthropy research); the existence of social capital;

Resolution 2: a lack of a global platform – an integrated, allocation system among Muslim donors that would cater for international crises.

  1. A platform for dedicated purposes such as waqf flood evacuation centre, mobile application for zakat collection, crowd funding platform, Tabung Masjid
  2. An efficient allocation system is subject to: the presence of law (case of PARAD) and governance, ownership (case of indigenous land),

In the afternoon of May 24th, the closing ceremony was held in Auditorium UNISSA.  Award presentation for the best three papers in the seminar took place in the session. The first paper won USD500 which entitled “Achieving Financial Sustainability for Women Micro-Entrepreneurs through Islamic Pawnbroking: The Moderating Role of Demographic Factors”. Second and third winners received USD400 and USD300. With the successful of this event, it is hoped that more opportunities would be available for academicians and industry players to discuss further on the issues and challenges of humanitarian crises facing the world today. We look forward to seeing the implementation of what has been learnt and gained during this seminar so that the administration of humanitarian aid is effectively enhanced.

For further information please go to: http://conference.kuis.edu.my/conpha2017/

 

SEMINAR ON ZAKAT, WAQF AND SADAQAH 2017

International Research Centre of Islamic Economics and Finance (IRCIEF) in collaboration with Bank Islam Malaysia Berhad (BIMB), International Institute of Advanced Islamic Studies (IAIS) Malaysia and Kolej Pengajian Islam Johor (MARSAH) had organized the Seminar on Zakat, Waqf and Sadaqah 2017 on 19th April 2017 at The Royale Chulan Hotel, Kuala Lumpur. The event was attended by more than 100 participants from various institutions of higher learning, representatives from Islamic financial institutions, government officials, banking sector, and lecturers.

The program began with the recitation of du’a led by Ustaz Nushi bin Mahfodz followed by Quran recitation by Ustaz Wan Fakhrul Razi bin Wan Mohamad. The seminar was continued with a presentation of the first speaker, Dr. Razali bin Othman, Director at Centre for Management of Wakaf, Zakat and Endowment (WAZAN), Universiti Putra Malaysia (UPM) with his topic “Waqf: Big Potential for Social Benefit” followed by the second speaker, Ustaz Mohd Nazri Chik, Head of Shariah Bank Islam Malaysia Berhad (BIMB). After morning tea break, the seminar was continued with the third speaker, Prof. Dr. Muhammad Syukri Salleh, Director of Centre for Islamic Development Management Studies (ISDEV), Universiti Sains Malaysia (USM), with his topic “The Effectiveness of Zakat Distribution”.

It was then followed by a session from the Steering Committee of Sadaqah House and the patron of Sadaqah House, Dato’ Dr Abdul Halim bin Ismail. They presented the Green Report: “Viability of Sadaqah House within Islamic Banking Environment”. In determining the viability of the Sadaqah House to be implemented within the Islamic banking framework, for important areas, were duly investigated, namely: Legal, Shariah, Governance and Taxation. Consequently, the research found that the implementation of Sadaqah House is feasible in the Islamic banking environment as a banking product or as an in cooperation of a subsidiary of foundation. The Green report suggest for the adoption of the available proposed structure by interested parties, i.e Islamic Financial Institition (IFIs) should they choose to kick – start its establishment.

The seminar was continued with the launching ceremony of the Green Report. The launching was performed by Y.B. Senator Dato’ Dr Asyraf Wajdi Bin Dato’ Dusuki, Deputy Minister in Prime Minister Department (religious affairs). The session started with a speech from the Rector of KUIS, Prof. Dato’Dr Ab. Halim bin Tamuri followed by a keynote address speech by YB Senator Dato’ Dr Asyraf Wajdi Dusuki.  The Green Report was  launched  soon  after  Y.B.  Senator completed his speech.  The ceremony ended with a montage presentation of Sadaqah House.

Among the attendees during the launching ceremony were the KUIS management team: Dr. Mokmin Basri, Deputy Rector (Academic and Research); Dr Mohamad Syukri Abdul Rahman, Deputy Rector (Student Development & Alumni); Dr Zulkifli Haji Abdul Hamid, Deputy Rector Of Corporate Management (Development & Internationalisation); Pn Nor Hafizin Abdul Wahab, Treasurer; Pn Rohaiza Mat Noh, Legal Advisor; En Zulhizzam Hamzah, Registrar; Deans of the faculty, and invited VIPs.

The afternoon session was continued with a presentation from Mr Nik Hasyudeen, the founder of Inovastra Capital Sdn. Bhd with his topic “Governance Structure for Social Benefit Institution” followed by a presentation from Mr. Yaacob B. Othman, Director at Tax Policy Department Approval & Enforcement Division at Lembaga Hasil Dalam Negeri (LHDNM) Malaysia with a topic on “Taxation Aspects for Social Benefit Initiatives”. The seminar ended with the last speaker’s presentation, Prof. Dr Engku Rabiah Adawiah Engku Ali, Associate Professor at Ahmad Ibrahim Kuliyyah of Laws, International  Islamic  University Malaysia  (IIUM) with her  topic  on  “Social  Benefit  Initiatives  for Financial Inclusion”, followed by a closing speech from Ustaz Mohd Nazri bin Chik.

For further information please go to: http://www.ircief.org.my/sh2017/    

 

CONFERENCE ON MALAYSIAN ISLAMIC ECONOMICS AND FINANCE (CMIEF) 2016

On the 24th August 2016 International Research Centre of Islamic Economics and Finance (IRCIEF) KUIS in collaboration with Universiti Kebangsaan Malaysia (UKM), EKONIS-UKM, Hadhari-UKM, International Institute of Advanced Islamic Studies IAIS Malaysia, Institut Latihan Islam Malaysia (ILIM) has organized the Conference On Malaysian Islamic Economics And Finance (CMIEF) 2016 with the theme “Empowering Islamic Social Finance as Social Security Tool”. This conference was held at IAIS Malaysia.

The objectives for this conference were to discuss the findings in the field of Islamic finance and the social related besides suggest the research papers to be selected for publication in the journal indexed. This conference was also organized to provide an opportunity for local academics from SMEs and Higher Education Institutions (HEIs) to learn new ideas, in addition to have a network with the leading researchers in the field of economy Islam, it also helped institutions to get to know about the quotes from famedwriting site that can be provided to students.This conference was officiated by Yb Senator Dato Dr Ayraf Wajdi and the keynote speaker for the event was Mr Emar Munshi, founder of Ethis Venture. Tun Abdullah Ahmad Badawi, the former Prime Minister also attended this event as a Guest of Honour.

 

SEMINAR ON SADAQA HOUSE 2015

International Research Centre of Islamic Economics and Finance (IRCIEF) in collaboration with Bank Islam Malaysia Berhad had successfully organized Seminar on Sadaqa House on 29 October 2015 at Menara Bank Islam, Kuala Lumpur. The seminar was attended by almost 100 participants.

The ceremony began with du’a and Al-Quran recitation by Ustaz Don Daniyal Don Biyajid followed by welcoming speech by Prof. Dato’ Dr. Ab. Halim bin Tamuri, the Rector of KUIS. The ceremony was officiated by Dato’ Sri Zukri Samat, Managing Director of Bank Islam Malaysia Berhad. Among the attendees were CEOs and Heads of Shariah of Islamic banks, representatives from Central Bank of Malaysia and Bank Islam Brunei, and academicians from various universities in Malaysia.

The award recipient of the Royal Award for Islamic Finance 2014, Dato’ Dr. Abdul Halim bin Ismail was invited as keynote address on the seminar. The idea of Sadaqa House was first mentioned by Dato Dr. Abdul Halim Ismail during his speech in the Global Islamic Finance Forum 2014.The event was organised with highlighted objectives includes discussion on the issues and solutions in implementing Sadaqah House as a banking product, exchanging ideas within academicians and industrial people and recommendations by the policy makers.

Two parallel sessions were held in the evening followed by panel discussion moderated by Dato’ Wan Ismail Wan Yusoh, General Manager, Strategic Relations & Product Management from Bank Islam Malaysia Berhad. Three panellists were invited to share their thoughts and ideas, Dato’ Dr. Ahmad Tajudin Abdul Rahman, Former Managing Director of Bank Islam Malaysia Berhad, Dato’ Dr. Ismail Ibrahim, Chairman of Institut Profesional Baitulmal, and Dato’ Syed Mohd Ghazali Wafa Syed Adwam Wafa, CEO, Koperasi Pembiayaan Syariah Angkasa Berhad (KOPSYA). Towards the end of the seminar, the “Best Paper Award” has been presented to Mr. Mohd Hafiz Dasar from Kolej Pengajian Tinggi Johor (Marsah) and Dr. Hakimah Yaacob from International Institute of Advanced Islamic Studies (IAIS) where it was selected based on contribution of the papers towards implementation of Sadaqa House.

Dato Dr. Abdul Halim Ismail have delivered his mandate in closing ceremony regarding awareness of society towards the importance of Sadaqa House on the effort of emphasizing social welfare in banking sector and he hopes that “Seminar on Sadaqa House 2015” will beneficially help banking sector implementing Sadaqah House as a banking product in future.