International Conference on Islamic Business and Finance 2011 February 6, 2011

1st International Conference on Islamic Business and Finance
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Topic: The Present State and the Way Forward
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With around eleven hundred institutions and assets of US $ one trillion, Islamic finance is now an important part of the global financial system.

The scope and range of both Islamic finance and business remains to be further explored and scrutinized.

Beyond the recurrent financial instabilities, the Islamic system is promising in tackling various other challenges related to government finances, deepening of financial markets, or narrowing the socio economic disparities.

The Conference therefore aims at discussing the present state of Islamic business and finance and how and in what way the same can contribute to the stability of and provide opportunities to the national and global economies. In particular, it addresses the following questions:

• How and in what way Islamic finance can address the vulnerabilities of current international financial paradigm?

• Is there a likelihood of convergence of current Islamic banking and finance practices with that of the conventional system?

• What solution(s) Islamic finance offers for public debt management?

• Which Islamic institutions, other than Zakat, can help achieve the objective of socio-economic development in an economy?

• In the current environment, what are the challenges and opportunities in practicing business in Islamic way?

Pre Conference Workshops
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1. Takaful: Need, Shari’ah Basis and Models; General and Family Takaful Products; resolving the Issues in Marketing Takaful Products

2. Islamic Modes of Business: Guiding Principles on Deposits and Financing Sides of Islamic Banks

Noted Speakers
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• Dr. Abbas Mirakhor (International Center for Education in Islamic Finance (INCEIF), Malaysia)

• Dr. Hussain Hamid Hassan, Shariah Advisor, DIB, member of OIC Fiqh Council and many other Shatiah Committees.

• Dr. Akram Laldin (The International Shariah Research Academy (ISRA), Malaysia)

• Dr. Monzer Kahf (IDB Laureate, Former Director, Islamic Research and Training Institute (IRTI), Saudi Arabia)

• Dr Salah Sultan, Shariah Advisor, Bahrain

• Dr. Munawar Iqbal (Former Chief, Islamic Research and Training Institute, Saudi Arabia)

• Dr. Zubair Hasan (Professor at INCEIF, Malaysia)

• Dr. Salman Sayed Ali (Senior Economist, Islamic Research and Training Institute, Saudi Arabia)

• Dr. Muhammad Tahir Mansuri (International Islamic University Islamabad, Pakistan)

• Dr. Khawaja Amjad Saeed (Principal, Hailey College of Banking & Finance)

• Mr. Omar Mustafa Ansari (Ernst & Young Ford Rhodes Sidat Hyder, Karachi)

• Dr. Zeeshan Ahmed (Lahore University of Management Sciences)

• Mufti Hassan Kaleem (Shariah Advisor, Lloyds)

• Mr. Rustam Idrees (Bank Negara Malaysia)

• Mr. Riaz Riazuddin (State Bank of Pakistan)

• Mr. Saleemullah (State Bank of Pakistan)

Titles of the Main Papers:
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1. Islamic Finance provides solution for the Current Financial Crisis

2. Islamic Financial Architecture: Development and Challenges

3. Development of Structured Islamic Finance Products: Likelihood of Convergence with Conventional Finance

4. The basis and procedures of Money and Credit creation in the Framework of Islamic Finance

5. Current Islamic Banking Paradigm: Is it Sustainable?

6. Legal & Sharia Compliance Issues in Sukuk

7. Challenges of Transforming Riba Based Debt to Shariah Compliant Instruments in Pakistan

8. Accounting in Islamic Finance: Need or Formality

9. Potential of Waqf for Socio-economic Development and Poverty Alleviation

10. Possible Role of IFIs in Micro sector and SMEs’ Financing

11. Achieving Socio Economic Objectives in Islamic Banking Frameworks

12. Microcredit using Equity Financing: an Alternate Approach to Micro Financing in an Interest Free Economy

13. Shariah Governance Framework for IFIs - Raising Shariah Competency to the a Next Level

14. Use of Heyal in Contemporary Islamic Finance and its Shariah Position

15. Restructuring Islamic Finance Facilities

16. Regulatory and Supervisory Framework of Islamic Banking In Pakistan: Current Status and issues

17. The Challenges and Prospects of Islamic Banking in Pakistan

18. Legal and Shariah Compliance issues of Sukuk Issued in various Jurisdictions

19. Use of W’ad and Tawarruq for Swaps in the framework of Islamic Finance

20. Sharing Islamic Banking Experiences

21. How Islamic Banks are facilitating Housing Sector in Pakistan

22. NPL: Loopholes in the Procedures of Banking Institutions- At Cross road to Article 2 of Pakistan’s Constitution and the Tenets of Islam

23. A framework for sharing Business Profit for IFIs under Musharaka and Mudaraba Contracts

24. Takaful Models and Shariah Issues in their Application for General and Family Takaful Policies

Supporters:
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• Islamic Development Bank (IDB)

• State Bank of Pakistan (SBP)

• Islamic Research and Training Institute (IRTI), Jeddah

• National Institute of Banking and Finance (NIBAF)

Participation Fee (Including Reading material, Lunch & Refreshments)
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A: For Conference (2 Days)
For Professionals: PKR 5,000 or $150
For Students: PKR 2500 or $85

B:For One Workshop
For Professionals: PKR 6,000 or $175
For Students: PKR 3,000 or $100

For Registration and Further Information; Please Contact
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Muhammad Ayub (Conference Secretary)
Riphah Centre of Islamic Business, Riphah International University, 274-Peshawar Road, Rawalpindi, Pakistan

Dir. ph: + 92 51 582 4747 Cell: + 92 333 594 9907 , Fax: + 92 51 512 5169, 512 5170 ,
Exchange Nos: (051) 512 5162-67; Ext. 284

E mail: icbf2011@riphah.edu.pk
Web: www.icib-riu.org

Official Website: http://www.icib-riu.org/