04 August 2018 – The financial industry today, including Islamic finance is confronted with a new normal – rapid advances in technology, including digital currency or better known as crypto currency. Significantly, fintech is driving financial services innovation and reshaping consumers’ expectations of financial services. However, the speculative nature of cryptocurrencies has triggered debate among Muslim scholars over its permissibility. In fact, many governments seem ambivalent, worried about the potential for instability.

Realizing the importance of improving people awareness on the issue, Azman Hashim IBS invited prominent speakers in Islamic Finance; Datuk Dr. Mohd. Daud Bakar from Amanie Advisors, and Haji Razli Ramli from Islamic Banking & Finance Institute Malaysia (IBFIM) to share their knowledge and views on Islamic Finance and cryptocurrencies. The forum, which entitled “Is Islamic Finance Relevant?: From Basic To Crypto World” was held last Saturday, August 4th, at Dewan Utama, Menara Razak, Universiti Teknologi Malaysia Kuala Lumpur Campus.

Other than offering participants with the opportunity to gain a deeper understanding of current issues in Islamic Finance, this forum was an initiative to promote and support a transfer of knowledge and technology through teaching and research activities especially in the context of business and finance. It is also to promote Master in Business Administration with the concentration in Islamic finance offered by the faculty. Poster research presentation also took place prior to the forum. Winners were selected by the panelists and were awarded cash prizes and certificate of participation.

This program was launched by UTM AHIBS Dean, Prof Dr. Nur Naha Abu Mansor, and all UTM citizens, lecturers, researchers, staff, students as well as industry associates and other IPT staff.

We congratulate Dr. Nazimah Hussin, Dr. Maizaitul, Dr. Ismail Bin Abd Rahman, Dr. Siti Zaleha Abd Rasid, Datin Huzaimah and other team members for working tirelessly to make this event a success. That’s teamwork on display!

 

Story by: Dr. Maizatul