Deputy Sultan launches UNISSA-hosted 5th AICIF
| Lyna Mohamad |
HIS Royal Highness Prince (Dr) Haji Al-Muhtadee Billah ibni His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah, the Deputy Sultan and Pro-Chancellor of Universiti Islam Sultan Sharif Ali (UNISSA) yesterday officially opened the 5th Asean Universities International Conference on Islamic Finance (AICIF).
Upon arrival at the Royal Berkshire Hall of the Royal Brunei Polo and Riding Club, His Royal Highness, who is also the Chairman of the Board of Directors of Autoriti Monetari Brunei Darussalam (AMBD), was greeted by Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Awang Haji Suyoi bin Haji Osman, Minister of Education; Dr Haji Norarfan bin Haji Zainal, Rector of UNISSA; and Yusof bin Haji Abdul Rahman, Managing Director of AMBD.
The opening ceremony began with the recitation of Surah Al-Fatihah and Doa, led by YB Pehin Datu Imam Dato Paduka Seri Setia Ustaz Haji Awang Abdul Hamid bin Bakal.
This was followed by a welcoming address by the Minister of Education in his capacity as the chairman of the event. Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Awang Haji Suyoi noted that the conference, organised by the Faculty of Islamic Economics and Finance, UNISSA, is in collaboration with Centre for Islamic Banking, Finance and Management (CIBFM), Brunei Darussalam; the Islamic Research and Training Institute (IRTI), Saudi Arabia and the Amanah Institute of Islamic Finance and Economics, Germany.
This collaboration with world-renowned Islamic banking and professional training institutions underlines the significance of this conference for key Islamic finance stakeholders in the region, and also around the world, he noted.
“The conference will highlight the latest developments in the world of Islamic banking and finance, insights which are valuable for all academics, practitioners, and policymakers alike, in informing the future direction of Islamic banking and finance. As a joint international conference, the event also strengthens the linkages between Asean state universities that offer Islamic banking and finance programmes.
His Royal Highness Prince (Dr) Haji Al-Muhtadee Billah during the 5th AICIF. – PHOTOS: AZROL AZMI
His Royal Highness Prince (Dr) Haji Al-Muhtadee Billah ibni His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah, the Deputy Sultan and Pro-Chancellor of UNISSA in a group photo with invited speakers and the Steering Committee during the opening ceremony of the 5th Asean Universities International Conference on Islamic Finance
“The strong collaboration between education and training institutions has so far strengthened the field of Islamic banking education, and ultimately upholds the sanctity of Syariah in Muamalat. Looking ahead, there is much to be done by all of us.
“Education is an endless horizon of challenges and opportunities. With the global development of Financial Technology or ‘FinTech’, as well as cross-border learning, this collaborative exercise should sustainably benefit each participating university.
“The future inevitably holds challenges and uncertainties for the industry and it is vital to remain anchored and committed to the long-term goal of a sound, stable and dynamic education as part of economic growth and development,” the minister said.
With the theme ‘Issues, Challenges, and Future Prospect of Islamic Banking and Finance’, the papers selected for the conference are progressive and contemporary. Over the next two days, 130 papers will be presented by speakers, panellists and participants who will deliberate on emerging issues in various areas including: Islamic Banking and Capital Market; Compliance and Governance of Islamic Financial Institutions; Money, Payment System and Financial Innovation; Takaful and Risk Management; Islamic Social Finance; and Human Capital and Education.
Following the minister’s speech, His Royal Highness delivered a sabda and after which officially opened the conference. His Royal Highness received a pesambah in the form of a crystal flora vase adorned with the logo of the seven universities, the co-organsiers of the 5th AICIF.
The opening ceremony concluded with the keynote address on the conference theme delivered by Professor Dr Engku Rabiah Adawiyah binti Engku Ali from the International Institute of Islamic Banking and Finance, International Islamic University of Malaysia (IIUM).
Prior to his departure, His Royal Highness posed for a group photo with the Steering Committee of the 5th AICIF and signed the royal parchment in commemoration of the ceremony.
The conference was first launched in 2013 with the objectives to discuss and evaluate the latest developments in Islamic finance and banking. It also aims to strengthen ties among Asean universities offering Islamic banking and finance through co-organising the international conference on a rotation basis.
The co-organisers of the conference are IIUM, Universitas Islam Negeri Sunan Kalijaga, Jogjakarta, Indonesia; Universitas Islam Sultan Agung, Semarang, Indonesia; Universitas Darussalam Gontor, Indonesia; Mindanao State University, the Philippines; and Fatoni University, Thailand.