Background
Economic growth is very crucial in bringing about
economic stability among Islamic countries. Economic crisis that
hits many developing Islamic nations needs to be addressed to ensure
the Muslim ummah are not being isolated and the economic ties among
the Islamic countries need to be improved. The Muslim ummah
throughout the world own a huge amount of funds worth USD300
billion. This figure is anticipated to reach USD1 trillion in 2013.
These funds are in the forms of deposits at banks as well as funds
placed at baitulmal such as the zakah funds, sadaqah, and waqaf.
Should these funds being managed efficiently, they will be able to
improve the Islamic nations’ socio-economic affairs in particular,
and will improve the Muslims’ economic situations in general, but
they must be managed in accordance to the Syariah principles. With
recent issues of subprime crisis in the United States and its
contagious effects on the world’s financial system, together with
the fuel and food crises, it is evident that the capitalism system
has its flaws. This is an opportunity for economists to find other
alternatives to solve these crises, and Islamic economics system is
one of the alternatives.
In line with Faculty of Economics and Muamalat‘s
(FEM) mission to make the Islamic economics and financial services
as its niche areas, this conference is seen as the best platform to
build up the faculty’s identity and to uphold the name of USIM.
Through the discussions among the academicians and the practitioners
from the industry, it is hoped that research and teaching activities
at FEM can be enhanced, in particular in the niche areas mentioned
above. It is also hoped that this conference can promote FEM as a
leader in research and teaching in the area of Islamic economics.
Objectives of the
Conference:
-
as a catalyst
to the economic development and social progress of Islamic
countries and Muslim communities.
-
to disseminate
information and opportunities for economic development of
Islamic countries.
-
to become a
platform for exchanging ideas between experts.
-
to enhance the
management ability and efficiency in developing economics of the
ummah.
The conference will
be held on 15-17 July 2009 at USIM, Malaysia. All experts around the world
are cordially invited to share knowledge and expertise by presenting
your valuable findings (in English or Malay or Arabic) in the conference.
