21 Signs of How 2015 is Heading Towards a Monumental Year for Islamic Economy

Yurizk Current Issues in Islamic Finance, Islamic Banking, Islamic Economy, Islamic Finance Leave a Comment

Before getting straight to the points, let's  get some of the definitions, facts and numbers quick. Islamic Economy: A subset of global economy where consumers prefer to consume products & services according to their Islamic faith. Although the primary driver of this economic subset is the growing number of Shariah sensitive consumers, the beneficiaries of the products and services are not ...

Redefining the Purpose of Education and What It Means for the Future of Islamic Economy

Sadia Karim Current Issues in Islamic Finance, Human Resources in Islamic Finance, Islamic Economy, Islamic Finance, Islamic Finance Education Leave a Comment

Have you ever wondered  – “What is the purpose of education?” Or did this ever come into your mind – “How did the modern schooling system emerge, in what circumstances?” Or “Is education serving its purpose in the modern world?” Or “What is the new reality of our time from old times that may require a different approach in the method ...

The role of Islamic Capital Market in Economic Growth

Yurizk Islamic Banking, Islamic Economy, Islamic Finance, Islamic Finance Instruments Leave a Comment

Conference: 10th World Islamic Economic Forum Date: October 30, 2014 Session: The Role of Islamic Capital Market for Economic Growth Session Brief: The Islamic capital market plays multiple roles in the economy and society of various jurisdictions. Its steady growth has also contributed to greater integration with the global financial system and a major driver for domestic economic growth. Despite these ...

The Old School Knowledge Dissemination and The Future of Islamic Economics and Finance

Sadia Karim Current Issues in Islamic Finance, Human Resources in Islamic Finance, Islamic Economy, Islamic Finance Education Leave a Comment

In November 2013, Professor Habib Ahmed of University of Durham gave a talk at Qatar Faculty of Islamic Studies on the topic of “Knowledge, Economy, and Islamic Finance: A New Institutional Economic Perspective”. QFIS was visionary and generous enough to live stream that talk to expand the benefit of that knowledge beyond its own room and even gave cross border ...

Is Islamic Finance Industry Suffering From Linear Thinking?

Sadia Karim Current Issues in Islamic Finance, Entrepreneurship, Human Resources in Islamic Finance, Islamic Banking, Islamic Economy, Islamic Finance 1 Comment

Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn't really do it, they just saw something. It seemed obvious to them after a while." Steve Jobs In February 2014 at Dubai Government Summit, Dr Peter Diamandis, Co-Founder of Singularity University and Founder of X Prize, USA presented ...

Misconceptions Around Islamic Finance & Lack of Strategic Focus on Human Capital

Yurizk Current Issues in Islamic Finance, Human Resources in Islamic Finance, Islamic Banking, Islamic Economy, Islamic Finance, Islamic Finance Education, New & Noteworthy Leave a Comment

Key take aways: There are widespread misunderstanding and misconceptions about Islamic Finance. Translates to: Lack of knowledge and access to information by general mass including lack of strategic communication and promotional efforts by the industry. INCEIF is so far the only dedicated post-graduate university for Islamic Finance based in Malaysia serving the needs of a global human capital challenge.  Translates ...

When Islamic Finance Marries Halal, Islamic Economy Goes Mainstream

Yurizk Islamic Economy, Islamic Finance, New & Noteworthy Leave a Comment

If a decade ago, someone would pronounce the words 'Islamic Economy', people would shrug it off. Fast forward 2012, the keyword gains momentum. In 2013 a remarkable thing happens in the history of Islamic Finance where it marries the idea of Halal Lifestyle and finds itself within the keyword 'Islamic Economy'. The thought leaders and pioneers of the idea should ...

The Fight for Global Islamic Finance Hub and the Lost History

Yurizk Current Issues in Islamic Finance, Islamic Banking, Islamic Economy, Islamic Finance, Islamic Finance Education, New & Noteworthy Leave a Comment

In order to understand something we need to study history of that something. A wise man said we are suffering from mass alzheimer's in our historical knowledge. If you want to understand Islamic Finance, you cannot not study the historical root of it. Islamic Finance has evolved over all these years. Some say the current state of  industry is out of ...

The First Capitalist?

Yurizk Current Issues in Islamic Finance, Entrepreneurship, Islamic Banking, Islamic Economy, Islamic Finance, Islamic Finance Education Leave a Comment

On February 23, 2015 The Islamic Finance and Ethics Society hosted Dr Benedikt Koehler and Dr Mufti Abdur Rahman Ibn Yusuf who presented their research on traditional Islamic ethics of business, entrepreneurship and Islamic market reform. The talk focused on examples from the life of the Prophet Muhammad (SAW) and early Islamic history.

The Lack of Human Resources in Islamic Finance & The Puzzle

Yurizk Current Issues in Islamic Finance, Entrepreneurship, Human Resources in Islamic Finance, Islamic Banking, Islamic Economy, Islamic Finance, Islamic Finance Education Leave a Comment

IFT. Given your experience in Islamic Finance Education, is the knowledge so imparted adequate to meet the evolving needs of the industry. If not how do you propose to address this? S.K.: According to some of the industry experts from both academia and practitioners and according to our research data, the answer is – ‘no’. It has to start from ...