MSU-Marawi hosts International Conference on Islamic Finance

MSU-Marawi hosts International Conference on Islamic Finance

Academicians, students and practitioners from various sectors across the Association of Southeast Asian Nations converged during the 6th ASEAN Universities International Conference on Islamic Finance last November 14-15, 2018 at the New World Makati Hotel in Makati City. Hosted by Mindanao State University-Main, the conference focused on the theme “Strengthening Islamic Finance in Southeast Asia through Innovation, Collaboration and Research” with the main objectives of reviewing best practices to help in developing Islamic financial ecosystem and formulating an action plan to address challenges of moving forward.

Department of Budget and Management Secretary Benjamin E. Diokno graced the occasion as the keynote speaker. He congratulated Mindanao State University for hosting a timely and relevant conference that tackles ways for the Philippine government to consider developing Islamic finance-backed schemes to raise funds for the rehabilitation and rebuilding of Marawi City.

MSU System President Dr. Habib W. Macaayong expressed his elation in welcoming delegates from participating universities including the International Islamic University, Malaysia (IIUM); Tazkia University, Indonesia; Universitas Darussalam Gontor, Indonesia; Unviersitas Islam Negeri Sunan Kalijaga, Indonesia; Sultan Sharif Ali Islamic University, Brunei Darussalam; and Unviersitas Islam Sultan Agung, Indonesia as well as participants from various sectors in Southeast Asian Countries. “MSU is indeed honored to be this year’s host of the ASEAN Universities International Conference on Islamic Finance. We are fully committed to help Marawi City rise again by organizing forums, publishing researches and implementing plans of action that promote Islamic Finance as a helpful tool for the recovery, rehabilitation and reconstruction of the city,” he said.

The international conference had 5 plenary sessions which included Sukuk Financing as a viable strategy to finance sustainable development; financial innovation in application to Islamic Finance; potentials of Islamic Finance; comparative regulatory framework among Southeast Asian Nation; and challenges of Shari’ah compliance, disclosure and regulating form. It concluded with a fellowship night where everyone had the chance to establish networks and share commitments of pushing forward the advocacy on promoting and implementing Islamic Finance as a viable option to make the economy flourish, as well as help the entrepreneurs and ordinary citizens thrive.

Another highlight of the 2-day conference was the awarding of Advanced Certificate for Islamic Finance Practice to some officials, directors, deans and faculty members of MSU who have successfully completed the program.