The Securities Commission Malaysia Teams Up With Oxford Centre For Islamic Studies

March 16, 2010

The Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) have teamed up to create an international platform for debate, dialogue and study on contemporary issues and challenges faced in Islamic finance.

The inaugural collaboration with the OCIS, will help further facilitate intellectual discourse among Islamic finance experts, Shariah advisers and scholars from around the world, the SC said in a statement here, Thursday.

The OCIS is well known for its research and academic excellence.

“The collaboration reflects our commitment to building knowledge and encouraging research and discourse in Islamic finance,” SC Chairman, Tan Sri Zarinah Anwar said.

Towards this end, both sides will jointly host a high-level roundtable and public forum on March 15-16 in Kuala Lumpur, to discuss the way forward for Islamic finance following the global financial crisis.

OCIS Director, Dr Farhan Nizami said it had embarked on the study of Islamic finance, in a move to promote a more comprehensive understanding of Islamic culture and civilisation.

“The OCIS is dedicated to achieving by academic means, a better understanding of Islam and the needs of Muslim societies. As part of this objective, it is embarking on the study of Islamic finance,” he explained.

“Given Malaysia’s success in the development of Islamic capital markets, the OCIS welcomes the opportunity to work in partnership with the SC in this important area of study,” he added.

Meanwhile, the topic for the closed-door roundtable is,”Developing a Scientific Methodology on Shariah Governance for Positioning Islamic Finance Globally”.

The public forum on March 16 will see 300 industry practitioners, regulators and scholars attending. It will discuss the contribution of Islamic finance, post the financial crisis.

Raja Dr. Nazrin Shah ibni Sultan Azlan Muhibbuddin Shah, the Regent of Perak, who is also the Financial Ambassador to the Malaysia international Islamic Financial Centre (MIFC), will deliver his keynote address at both events.

source : bernama