INCEIF ISLAMIC BANKING AND FINANCE EDUCATIONAL COLLOQUIUM 2006 3 – 5 APRIL 2006 KUALA LUMPUR CONVENTION CENTRE KUALA LUMPUR, MALAYSIA CONFERENCE THEME: CREATING SUSTAINABLE DEVELOPMENT OF HUMAN CAPITAL AND KNOWLEDGE IN ISLAMIC FINANCE THROUGH EDUCATION. INTRODUCTION The Central Bank of Malaysia has taken a bold step in developing human capital in Islamic finance to meet the growing needs of the global Islamic banking and finance industry through the establishment of the International Centre for Education in Islamic Finance (INCEIF). The main objective of INCEIF is to promote educational excellence in Islamic finance for the domestic and international finance community. INCEIF is envisaged to achieve this objective by building and strengthening the pool of talented researchers and educators in Islamic finance and facilitating the coordination, planning and implementation of human capital initiatives for the Islamic finance industry. While Islamic finance is growing steadily there is a pressing need to develop the human capital and knowledge base in Islamic banking and finance. As part of its initiatives and commitment towards this aspiration, INCEIF will be holding its first Islamic Banking and Finance Educational Colloquium from the 3rd to the 5th of April 2006. The colloquium provides a forum for professionals, scholars, academicians and other concerned or interested entities to present new research and discusses current issues that are vital to human resource development in the Islamic banking and finance industry as well as other related topics. OBJECTIVES The following objectives are selected to support the theme of the colloquium: Promote and encourage related research in order to further enrich the development of education in Islamic finance. 1 Provide the most stimulating and effective environment for the dissemination and discussion of strategies in Islamic finance education. Encourage young academicians to embark in new research in the area of Islamic banking and finance. Provide a venue to analyse the issues and challenges facing Islamic banking and financial markets, with particular focus on human capital development and education strategies. Provide wider opportunities to academicians and researchers to interact openly. Expose and elaborate on issues and challenges pertaining to the execution of global finance and banking systems in the new millennium. CALL FOR PROPOSALS, PRESENTATIONS AND PAPERS Call for proposals The colloquium provides an opportunity to young academicians or practitioners who are interested in doing research in the area of Islamic banking and finance to apply for a research grant with INCEIF. Those interested may submit their research proposals to be presented during the colloquium. Only selected proposals will be awarded research grants. Potential PhD candidates who intend to pursue their doctorate degree in this field are also invited to submit their doctoral proposals for consideration. Successful candidates will be given due consideration for financial assistance during their candidature with INCEIF. Call for presentations Potential scholars in residence and visiting professors who intend to take up tenure with INCEIF are invited to submit a working plan proposal. This proposal should include a detail outline of the work to be undertaken during their tenure. Successful scholars will be given some form of financial incentives and other perks during their residence. Call for papers Professionals, practitioners, academicians, graduate students and interested parties are invited to participate and submit competitive papers to be considered for presentation. Papers should be final works of either conceptual or empirical in nature that are very close to submission for publication standard on any aspects of Islamic banking and finance. Criteria used to select papers include the nature of the research problem, implications of the proposed research, quality of the research design and the expected contribution of the research to the literature. Individuals whose papers are accepted for presentation at the colloquium will be eligible to be considered for the Outstanding 2 Research Award. Three award winning papers will be selected by a special committee based on the above criteria. SUGGESTED TOPICS Academicians, practitioners and graduate students are invited to submit high quality proposals, presentations or papers relating to Islamic banking, finance and takaful, but not limited to the following areas: Operational aspects Financing and deposit mobilization Risk management Corporate governance, regulation and supervision Human resource management Marketing and communication Management Information technology and internet banking Accounting and auditing Managerial and monetary economics Shariah issues Out sourcing Wealth management Product development Efficiency Profitability Investment and portfolio management PROGRAM SCHEDULE Day 1: 3 April 2006 Morning session: Launching of INCEIF by Rt. Hon Prime Minister of Malaysia Session 1 (2.00pm-3.30pm): Presentation of research proposal 1 Presentation of PhD proposal 1 Presentation of papers 1 Session 2 (4.00pm-5.30pm): Presentation of research proposal 2 Presentation of PhD proposal 2 Presentation of papers 2 Presentation of working proposal 1 Day 2: 4 April 2006 Session 3 (9.00am-10.30am): Presentation of research proposal 3 Presentation of PhD proposal 3 3 Presentation of papers 3 Presentation of working proposal 2 Session 4 (11.00am-12.30pm): Presentation of research proposal 4 Presentation of PhD proposal 4 Presentation of papers 4 Presentation of working proposal 3 Afternoon session (2.30pm-4.30pm): Plenary session Day 3: 5 April 2006 Session 5 (9.00am-10.30am): Presentation of research proposal 5 Presentation of PhD proposal 5 Presentation of papers 5 Presentation of working proposal 3 Session 5 (11.00am-12.30pm): Plenary session Farewell luncheon: Remarks by BNM Governor Presentation of awards- Best proposals Best papers RESOURCE PERSONS This colloquium will assemble many eminent scholars for the purpose of sharing experience and providing future direction in Islamic banking and finance education. They will also present their wisdom and knowledge in creating and developing new scholars. Among the invited scholars for this Colloquium are as follows: Royal Professor Ungku A.Aziz Former Vice Chancellor University Malaya Dr. Syed Jalaludin Syed Salim Former Vice Chancellor Universiti Putra Malaysia Dr. Umar Chapra Research Advisor, IRTI, Islamic Development Bank, Jeddah Yusuf Talal DeLorenzo Shariah scholar, USA Professor Samuel Hayes Harvard University, USA Professor Volker Nienhaus President of Philipps University Marburg, Germany Professor M.A. Mannan Founding Chairman, Social Islamic Development Bank, Bangladesh Dr. Abbas Mirakhor International Monetary Fund 4 Dr.Munawar Iqbal IRTI, Islamic Development Bank, Jeddah Professor Mohamed Ariff Monash University Professor Murat Cizakca University of Bahcesehir, Turkey Professor Kabir Hassan University of New Orleans Professor Masudul Alam Choudhury University of Cape Breton, Canada Professor Sofyan Syafri Harahap Triksakti University, Indonesia Professor Lim Kian Guan Singapore Management University Professor J.D. Agrawal Indian Institute of Finance, India Professor M.Shahid Ebrahim Nottingham University, UK SUBMISSIONS AND DEADLINES All submissions must be in electronic format using MSWord; The synopsis or abstract of proposals and papers should be sent by email to inceif@bnm.gov.my before 15th February 2006; Submissions should be accompanied by a brief CV of the author(s); Notice of acceptance will be given by email on the 25th February 2006 The final draft must be sent to the organizer by email before 15th March 2006. In the case of multiple authors, please indicate the author who will do the presentation along with the contact email, phone, fax, and address. FURTHER INQUIRIES Professor Sudin Haron Islamic Banking and Takaful Department Bank Negara Malaysia Jalan Dato’ Onn 50480 Kuala Lumpur Phone: 603-26987625; Fax: 603-26933826; email: sudinharon@bnm.gov.my or profsudin@yahoo.com 5