Labuan Faculty of International Finance holds Islamic finance week
LABUAN: Labuan Faculty of International Finance, Universiti Malaysia Sabah, Labuan International Campus organised a successful Minggu Kewangan Islam at UMSKAL on March 4-9.
The theme of the programme was “Smart Finance” and its aim was to offer an exposure to young intellectuals at UMSKAL and local residents at large in Labuan.
This ingenious programme was organised by the Association of Islamic Finance Students of the Progamme of Islamic Finance (HE23).
The activities involved include the exhibitions of Islamic financial products, a forum, an Islamic finance talk, global zakat game, street soccer and blood donations, among others. The participations were very encouraging.
The patron of the programme was the Dean of the Faculty Assoc Prof Dr Zaiton Osman, an advisor Dr Suzilah Sidek (deputy dean, Student Affairs and Alumni), Ahmad Aizuddin Hamzah (coordinator and lecturer of Islamic finance) and Mohd Nur Saifuddin Samuddin (the programme director).
It was officiated by Assoc Prof Dr Lee Hock Ann, deputy dean (Academic and International).
The opening ceremony was attended by Dr Suzillah, Najwa Mohd Khalil (Head of Programme of Islamic Finance, HE23), Ahmad Aizuddin and the programme director, Mohd Nur Saifuddin Samuddin. Industrial players and students of the faculty also attended.
The forum was participated by Ustaz Ahmad Adha Zohdi, Assoc Prof Dr Hanudin Amin and moderated by Syed Syaqir.
Two topics were addressed which include zakat and Islamic banking issues. The attendance and feedback from the audiences were encouraging and positive.
The industrial talk by Ahmad Mukarrami Ab Mumin of RHB Islamic Bank delivered an interesting talk about the future of Islamic banking.
Ahmad Aizuddin, the coordinator, said that “this programme is conducted to expose students and society with a real landscape of Islamic banking industry.
This programme can overcome misconceptions about Islamic banking and for that a positive public image on Islamic banking products is upheld”.
Yet, Saifuddin, the director of the programme, said that “this programme helps to inculcate a positive perception among young intellectuals and local folks on Islamic banking industry, and thus can improve their receptiveness on Islamic banking products”.
Students who were involved found out such a programme was pleasing given a cogent participation by all parties in making the programme a success.
To date, this effort is in tandem with the nation’s Financial Sector Blueprint 20112020 to increase participation of millennials in Islamic banking in order to achieve 40% market share for Islamic banking in 2020.
The programme is an annual event of the association, under the Labuan Faculty of International Finance, Universiti Malaysia Sabah.