The Faculty of Islamic Economics and Finance (FEKIm) in collaboration with six ASEAN universities recently organised the 10th ASEAN International Conference on Islamic Finance (AICIF), where Universiti Islam Sultan Sharif Ali (UNISSA) was chosen as the host for the 11th AICIF next year.
The conference was held from Tuesday until yesterday at DoubleTree by Hilton in Kuala Lumpur, Malaysia.
UNISSA also hosted the 5th AICIF in 2017.
FEKIm Dean Dr Abdul Nasir bin Haji Abdul Rani extended his appreciation to all AICIF members for supporting and trusting UNISSA to host the event.
“AICIF is an important and effective platform for scholars to share their views on the latest Islamic banking and finance developments,” he said.
“It also strengthens ties between ASEAN universities offering Islamic banking and finance programmes.”
AICIF is an annual collaborative conference organised by seven ASEAN universities alternately including International Islamic University, Malaysia (UIAM); Universitas Islam Negeri Sunan Kalijaga (UIN SUKA), Yogyakarta; Universitas Islam Sultan Agung (UNISSULA), Semarang; Universitas Darussalam Gontor (UNIDA), Indonesia; UNISSA, Brunei; Mindanao State University (MSU), the Philippines, and Kolej Universitas Islam Tazkia Bogor, Indonesia.
This year, UIAM through the Islamic Banking and Finance hosted the 10th AICIF themed ‘The Role of Islamic Banking and Islamic Social Finance for Economic Sustainability’.
The conference was attended by Executive Director of the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) Ratna Sha’erah Kamaludin as the guest of honour.
Some 178 working papers from 10 countries including Brunei Darussalam were delivered at the conference in three parallel presentations. Topics discussed included Islamic social finance, sustainable development goals (SDGs), Maqasid al-Syariah, Islamic economy, Islamic banking, takaful, zakat (tithe), sedekah (giving alms), digitalisation, financial technology (FinTech), and Islamic finance.
During the conference, a letter of understanding (LoU) was inked between AICIF members to mark the commitment and loyalty of seven ASEAN higher learning institutions to continue working together in developing the field of Islamic banking and finance education.