The highly regarded names in the Shari'ah world that graced the event were Sheikh Nizam Yakubi, Sheikh Prof. Dr. Husin Hamed Hassan, Sheikh Dr. Abdul Rahman Al Atram, Prof. Dr. Daud Bakar and many others. Reputable Islamic finance practitioners like Dr. Mabid Aljarhi and Mr. Badhlisyah Abdul Ghani were also at the event. They presented papers on “Future Direction of Islamic Finance” and “Maqasid al Shariah and Appraisal of Current Status of Islamic Economics, Banking and Finance” respectively. Famous names in the Islamic economics world like Mr. Iqbal Asaria and Prof. Dr. Monzer Kahf also graced the event with their respectable presence. Mr. Iqbal Asaria presented a paper on “Islamic Finance: Ideals vs. Reality” while Prof. Dr. Monzer Kahf presented a paper on“Maqasid al Shariah and Appraisal of Current Status of Islamic Economics, Banking and Finance”. The 2-day event witnessed a historical debate and discussion among the world-wide renowned Islamic finance scholars from the various fields.
The welcome addresses were delivered by Assoc. Prof. Dr. Akram Laldin, Executive Director of ISRA, Dr. Layachi Feddad, IRTI – IDB and Prof. Dr. Rodney Wilson, Durham University. After the 2-day event, the three organizations jointly collaborated and presented a memorandum to the 21 participants and audiences presented at the event. This memorandum is also uploaded on ISRA’s website. The moderator for the roundtable event on the first and second day was Assoc. Prof. Dr. Akram Laldin and Prof Dr. Habib Ahmed (Durham University) respectively.
The concluding session which summarized the whole event and the declaration of memorandum was presented by Assoc. Prof. Dr. Asyraf Wajdi Dusuki (Head of Research Department, ISRA). The opening speech was presented by Shabana Hasan (ISRA Researcher).
Moderator: Assoc. Prof. Dr. Akram Laldin (Executive Director of ISRA)
Session 1: Foundations of Islamic Economics, Banking and Finance (as envisioned by the pioneers)
Ice Breakers: Dr. Mehmet Asutay (Durham University), Prof. Dr. Muhammed Elgari
Session 2: Maqasid al Shariah and Appraisal of Current Status of Islamic Economics, Banking and Finance
Ice Breakers: Prof. Dr. Monzer Kahf, Sheikh Prof. Dr. Husin Hamed Hassan, Mr. Badlisyah Abdul Ghani (CIMB Malaysia)
Session 3: Islamic Finance: Ideals vs. Reality
Ice Breakers: Mr. Iqbal Asaria, Dr. Abdulazeem Abozaid
Moderator: Prof. Dr. Habib Ahmed (Durham University, UK)
Session 4: Alternative Model for Islamic Economics, Banking and Finance?
Ice Breakers: Mr. Shamsun Anwar (CIMB Malaysia), Sheikh Nizam Yakubi, Prof. Dr. Habib Ahmed
Session 5: Future Direction of Islamic Finance
Ice Breakers: Dr. Mabid Al-Jarhi, Prof. Dr. Mohd Daud Bakar
Session 6: Specific Steps Needed for the Development of Islamic Finance
Concluding Session: Summary and Declaration
Chairperson: Assoc. Prof. Dr. Asyraf Wajdi Dusuki