Internationalization of Islamic finance: Link for global partnership among Muslim nations

Hassanuddeen Abd. AzizChair, Islamic Finance Scientific ChairEffat University, Saudi Arabia

Outline

Principles of Islamic Finance

Overview on Islamic finance development and growth

Islamic finance internationalization

Future of Islamic Finance human capital development

Principles of Islamic Finance

Prohibition of riba

Prohibition of maysir

Prohibition of gharar

Prohibition of trading in non halal assets and businesses

Islamic finance development and growth

Challenges for Islamic finance internationalization Language

Religion

Social norms (culture)

Political aspects

Legal dimensions

Economic dimensions

Income, population, and education (geographical dimension)

Islamic finance journals

Journal of Islamic Accounting and Business Research

International Journal of Islamic and Middle Eastern Finance and Management

Journal of Islamic Banking and Finance

Journal of Islamic Finance

International Journal of Islamic Financial Services (Inactive)

Journal of Emerging Economies and Islamic Research

Journal of Islamic Economics Banking and Finance

International Journal of Islamic Marketing and Branding

Journal of Islamic Marketing

Journal of Islamic Business and Management

• Humanomics• Journal of King Abdul

Aziz University: Islamic Economics • Islamic Economic

Studies• ISRA International

Journal of Islamic Finance• Journal of Muamalat

and Islamic Finance Research• International Journal

of Excellence in Islamic Banking and Finance• Global Review of

Islamic Economics and Business• Tazkia Islamic

Finance and Business Review• Australian Journal of

Islamic Banking and Finance• Journal of Ethics,

Economics and Finance

Universities and Institutes offering courses and training related to Islamic Finance Academy for International Modern Studies (USA) – MBA in Islamic

Banking

Al Jamia Al Islamia (India) – Post Graduate Diploma in Islamic Economics and Finance

Bahrain Institute of Banking and Finance, Professional training Institute (Bahrain) – Diploma in Islamic Accounting and Compliance

Chartered Institute of Management Accountants (UK) – Certificate in Islamic Finance

City University London, Cass Business School (UK – UAE) – Executive MBA in Dubai

Dadabhoy Institute of Higher Education (Pakistan) – MBA In Islamic Banking And Finance

Durham University (UK) – MA and MSc in Islamic Finance

Strasbourg Management School (France) – Diploma in Islamic Finance

Effat University (Saudi Arabia) – Master of Islamic Financial Management (MIFM)

Emirates Institute for Banking & Financial Studies (UAE) – Islamic Banking Diploma

Euclid University – Online MBA in Islamic Finance

Faculty of Islamic Studies (Qatar) – Master of Science in Islamic Finance

Institute of Islamic Banking and Insurance (UK) – Post graduate diploma in Islamic Banking and Insurance

Institute of Islamic Banking and Insurance (UK) – Certificate in Takaful (Islamic Insurance)

International Capital Market Association, Centre University of Reading (UK) – MSc in Investment Banking and Islamic Finance

International Institute of Islamic Finance Incorporated (Malaysia) – Executive MBA Islamic Finance

Latrobe University, Faculty of Law and Management (Australia) – Master of Islamic Banking and Finance

London School of Business and Finance (UK) – MSc in Islamic Finance and Banking

Newcastle University (UK) – MSc Finance & Law with Islamic Finance

Salford Business School (UK) – MSc in Islamic Banking and Finance

Sapienza Universita Di Roma (Italia) – Master’s Degree in Mediterranean and Arab Finance and Banking

The International Centre for Education in Islamic Finance (Malaysia) – Masters in Islamic Finance

The Markfield Institute of Higher Education (UK) – Master in Islamic Banking Finance and Management

Trisakti University (Indonesia) – Post Graduate Program on Islamic Economics and Finance

Paris-Dauphine (France) – Diploma in Principles and Practices of Islamic Finance

Tun Abdul Razak University (Malaysia) – MBA in Global Islamic Finance

University College of Bahrain (Bahrain) – MBA in Islamic Finance

University of Aberdeen (UK) – MBA in Islamic Finance

Islamic Finance Institute of Southern Africa (South Africa) – Accounting & Auditing for Islamic Financial Institutions

University of Bedfordshire (UK) – MSc in Islamic Banking and Finance

Islamic Banking and Finance Institute Malaysia (Malaysia) – Certified Credit Professional-Islamic

Future of IF human capital development Collaboration between institutions offering Islamic finance programs

Consolidation and harmonization of Islamic finance programs across countries

Development of specific programs under the Islamic finance area

Focus on the current practices of Islamic finance industry

Establish strong ties between the industry needs and programs offered

Extensive and rigorous research in Islamic finance: Knowledge building