Scholars, intellectuals and academics in Islamic banking and finance as well as capitalisation and Islamic Insurance who are currently attending the International Conference On Islamic Finance 2012 and the 6th Regional Shariah Scholar's Dialogue were last night entertained to dinner reception at a restaurant in Jalan Kota Batu.
Present was the Rektor of the Sultan Sharif Ali Islamic University, Dr. Haji Serbini bin Haji Matahir. The three-day conference carries the theme of 'Islamic Finance: Development, Challenges and Responses" which is inline with the global rapid and dynamic of Islamic Finance as well toward the realisations and challenges to fulfil the current need and demand.The current dialogue cover three main aspect namely applications in banking, capital markets as well as applications in banking and capital markets. According to the Dean of the Faculty of Business and Management Science of the Univeriti, Dayang Hajah Rose binti Abdullah, such dialogue could provide a platform for the scholars to jointly discuss research and development on Islamic Banking Products and to ensure that the products offer are in compliant with the Syariah regulations. She said the existence of Islamic Banking and Finance is a way out for Muslims from engaging in a banking system that practises usury to an Islamic system based on Al-Quran and As Sunnah.