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MINI ASSIGNMENT 1 PROFESSOR DR.

MOHAMED ASLAM
B.MOHAMED HANEEF

Muhammad Arman Bin ECON 4510

Iskandar ISSUES IN ISLAMIC


ECONOMICS

1524369
Total year to date: 11 Upcoming ICIEF – FEBRUARY 10TH 2019

1st Conference 5th Conference


 King Abdulaziz University, Jeddah  Bahrain University, Bahrain
 February 21-26, 1976  2003

6th Conference
2nd Conference
 Indonesian Ministry of Finance and the
LIST OF  International Islamic University, Islamabad
 1983
Central Bank of Indonesia
 2005
CONFERENCES 3rd Conference 7th Conference
 International Islamic University Malaysia,  King Abdulaziz University, Jeddah
Malaysia  2008
 1992

4th Conference
 Loughborough University, Loughborough,
U.K
 2000
8th Conference 11th conference
 Doha, State of Qatar in collaboration  International Islamic University Malaysia,
with QFIS Malaysia
 December 19-21, 2011  October 11th-13th, 2016
 Theme: Sustainable Growth and Inclusive  Theme: Rethinking Islamic Economics
Economic Development from an Islamic and Finance: Paving the Way Forward for
Perspective Inclusive and Sustainable Development.

9th Conference 12th conference


 Istanbul, Turkey in association with  Umm Al-Qura University, Makkah,
LIST OF SESRIC Kingdom of Saudi Arabia
 September 9-10, 2013  February 10th, 2019
CONFERENCES  Theme: Growth, Equity and Stability: An
Islamic Perspective
 Theme: Towards the Real Economy
Challenges and Prospects

10th Conference
 Doha, State of Qatar in collaboration
with QFIS
 March 23-24, 2015
 Theme: Institutional Aspects of
Economics, Monetary and Financial
Reforms
1st Conference
PART I: CONTRIBUTIONS TO ISLAMIC 7. The Political Context of Islamic
ECONOMICS Economics
Dr. Ijaz Shafl Gilani
1. Islamic Economics: An Approach to
Human Welfare 8. The Islamic Welfare State and its Role in
Dr. Anas Zarqa the Economy
Dr. M. Umar Chapra
2. A Contribution to the Theory of Consumer
Behaviour in an Islamic Society 9. Economic Development in an Islamic
Dr. Manzer Kahf Framework
Khwshid Ahmad
Total paper 3. Some Conceptual and Practical Aspects
of Interest-Free Banking
Dr. Muhammad Uzair
submitted 4. Money, Interest and Qirad
PART II: SURVEYS ON ISLAMIC
ECONOMICS
Dr. Mahmud Abu Saud
10. Muslim Economic Thinking: A Survey of
5. The Relative Efficiency of Interest-Free Contemporary Literature
Monetary Economics: The Fiat Money Case Dr. Muhammad Nejatullah Siddiqi
Dr. Mabid Ali Mohammad Mahmoud
AI-Jarhi 11. Contemporary Turkish Literature on
Islamic Economics
6. Zakat and Fiscal Policy Dr. Sabahuddin Zaim
Dr. F.R. Faridi

Total: 11 papers
8th & 9th Conference
Volume 1: Access to Finance and Human Development — Essays on Zakah,
Awqaf and Microfinance
PART 1: ZAKAH PART 2: AWQAF
 Chapter 1: Financial exclusion and saving motives in  Chapter 5: Efficiency and effectiveness of waqf
Brunei: A need to re-define zakat & awqaf institutions in Malaysia: Toward financial
institutions sustainability
 Ak Md Hasnol, Alwee Pg, Md Salleh  Maliah Sulaiman and Muntaka Alhaji Zakari

 Chapter 2: Revitalization of the traditional Islamic PART 3: MICROFINANCE

Total paper economic institutions (waqf and zakat) in


the twenty-first century: Resuscitation of
 Chapter 6: The role of Islamic microfinance institutions
in economic development in Indonesia: A
the antique economic system or novel
submitted sustainable system?
 Shinsuke Nagaoka
comparative analytical empirical study on
pre- and post-financing states
 Nur Indah Riwajanti and Mehmet Asutay
 Chapter 3: Impact of zakat in alleviating rural poverty:  Chapter 7: A market-based financing model for Islamic
A case study of MACCA in Bangladesh housing microfinance market
 Kazi Tanvir Mahmud, M. Kabir Hassan, Kazi  Zamir Iqbal and Friedemann Roy
Sohag, Md. Ferdous Alam
 Chapter 8: Crowdfunding in Islamic finance and
 Chapter 4: Efficiency of Zakat institutions and its microfinance: A case study of Egypt
determinants
 Inmaculada Macias Alonso
 Norazlina Abd. Wahab and Abdul Rahim Abdul
Rahman
8th & 9th Conference
Volume 2: Islamic Economics: Theory, Policy and Social Justice
PART 1: ISLAMIC ECONOMICS AS A DISCIPLINE  Chapter 10: Public sector funding and debt management: A case for
GDP-linked sukuk
 Abdou Diaw, Obiyathulla Ismath Bacha, and Ahcene Lahsasna
 Chapter 1: Crisis in Islamic economics: Diagnosis and prescriptions
 Asad Zaman  Chapter 11: Economic and financial crises in Fifteenth-century Egypt:
Lessons from the history
 Chapter 2: First vs. second generation Islamic economists:  Abdul Azim Islahi
Deviations and differences in thoughts
 Abdul Azim Islahi PART 3: ECONOMIC DEVELOPMENT, SOCIAL JUSTICE AND
SUSTAINABILITY
 Chapter 3: Methodology of Islamic economics: Typology of current  Chapter 12: Post-crisis economic recovery in OIC member
practices, evaluation and way forward states: Is it sustainable?
 Hafas Furqani and Mohamed Aslam Haneef  Zafar Iqbal
 Chapter 4: Islamic economics: Still in search of an identity
Total paper  Chapter 5:
 Abdulkader Cassim Mahomedy

Islamic economics as a new economic paradigm


 Chapter 13: The Integrated Development Index (I-Dex): A new
comprehensive approach to measuring human
development
 Ruzita Mohd Amin, Selamah Abdullah Yusof, Mohamed Aslam

submitted
Haneef, Mustafa Omar Muhammad and Gapur Oziev
 Necati Aydin

 Chapter 6: The effect of scarcity thinking on human wants among  Chapter 14: Islamic finance and economic growth: The
Muslims: Exploring the ideological orientation of the Malaysian case
concept of scarcity  Néjib Hachicha and Amine Ben Amar
 Amir Wahbalbari, Zakaria Bahari, and Norzarina Mohd-Zaharim
 Chapter 15: Distributional and poverty consequences of globalization:
Are OIC countries different?
 Muhammad Tariq Majeed
PART 2: FISCAL AND MONETARY POLICIES – AN ISLAMIC PERSPECTIVE

 Chapter 7: The transmission of monetary policy through


conventional and Islamic banks Total papers: 58
 Sajjad Zaheer, Steven Ongena, and Sweder J.G. van Wijnbergen
- Vol. 1 : 8
 Chapter 8: The importance of the Islamic banks in the monetary
transmission mechanism in Malaysia - Vol. 2: 15
 Zamrah Hasin and M. Shabri Abd. Majid - Vol. 3: 13
 Chapter 9: Economic sectors sensitivity to Islamic and conventional - Vol. 4: 13
monetary Instrument: Case study in Indonesia
 Raditya Sukmana - Vol. 5: 9
11th Conference
History, Philosophy, Institutional Aspects And Critique Of Economics,
Islamic Economics And Finance

Reviving The Promise Of Islamic Economics Asad Zaman

Islam And The Challenge Of Economic Development


Abdelrahman Yousri
In The Muslim World: Review And Evaluation Of
Abdelrahman
Secular Arguements
Content Analysis On The Origins Of Islamic
Economics: Contextualized Interpretation Of Two Zeyneb Hafsa Orhan
Bibliographies Total paper
Total paper Theory, Practice and Policies of Islamic Economics and Muslim Countries
presented at the
conference:
submitted Evaluating Efficiency Of Islamic And Conventional 104
Mk Ummer
Micro Finance Institutions In India: Lessons To The
Farooque
Secular Non Muslim Majority Countries
Davron
Aid Effectiveness In OIC Member Countries
Ishnazarov
Rosylin
A Panel Survival Analysis For Islamic Banks Sirajo Aliyu
Mohd Yusof

These are only a few examples of paper presented during


the conference
 In my personal view, the theme of the recent conferences has
managed to capture the essential elements of real world economics.
As pointed our by our professor, the world now mainly revolves
around finance, as the king. This includes many problems on its own
Opinion subject, as finance sector does not directly impact real goods in the
market and thus real economy. The consistent effort to talk about the
development of Islamic economics and many new imperial as well as
statement on the theoretical studies pertaining to Islamic economics, based on the
paper titles, is refreshing to see.
theme and
number of  In regards to number of papers submitted and selected to be
presented at the conference, which started of at a mere 11 papers in
papers during total has risen to 104 papers in total at the most recent 11th ICIEF. This
shows a great increase in interest towards Islamic economics and
the conference: more academician pouring their time in developing this field of study.
The growing rate of paper produced signifies a healthy outlook
towards the future of Islamic Economic studies as more citations can
be made in arguing for Islamic economics that is backed by
internationally recognized authors.
 http://icief.cert.com.my/
 https://iei.kau.edu.sa/Pages-E-ListConference1.aspx
 http://www.irti.org/English/Research/Pages/conferences/ICIEF
 https://submit.confbay.com/thisconf/prog?view=prog&acid=369
References
 http://www.irti.org/English/Events/12th%20International%20Conf
erence/SitePages/Home.aspx