Islamic Finance

Several education hubs have emerged in the last decade in Asia and the Middle East. These ambitious policy initiatives share a common interest in cross-border higher education even though diverse rationales underpin their development. While some claim to be an international education hub, others claim to be a regional education hub or simultaneously international and regional. Considerable rhetoric and assumptions of uniformity exist in the discourse of education hub development.

Over the past three decades, Islamic finance has been the fastest growing segment of the global financial system. Though it may be expected that education and training have kept pace with this fast growing market, this paper finds that the current state of Islamic finance education at the graduate level is in a very unsatisfactory state. Using Malaysia as an illustrative case, the paper looks at the range, sufficiency and quality of Islamic finance education.

The paper discussed the important issues such as the worldview difference between secular world and Islamic world, revelation-reason relationship, and the question of methodology. There is fundamental difference that western world separates the mundane from spiritual while Islamic world keeps two unified.

The Islamic finance industry is growing rapidly; as a result, the demand for education and professional development is growing rapidly also. Specifically, there is a need for qualified Shari'ah scholars and staff. As a result, the Institute of Islamic Banking and Insurance has entered into a Memorandum of Understanding (MoU) with Metropolitan Consulting S.A.E to provide education and training within Egypt's Islamic finance industry.

The issue of Islamic Economics research needs wider attention from the academia and Islamic finance industry. The article provides a framework about how Islamic Economics Education and research can be integrated. The Author goes unto say that development of Islamic economics education is hindered by western influence and lack of trained people having deep knowledge of sharia and contemporary economics. . Academia needs to revisit the curricula offered by universities in order to formulate new curriculum.

The contemporary Islamic finance market has passed through initial developmental stages evidencing its possibility as well as its viability. Before the industry can evidence the next stage, durability, and certainly before it can offer solutions to conventional finance, a number of additional steps must be taken, including regulatory and accounting improvements and a taxation equivalence.1 This article, however, is focused on another such step, the challenge of Islamic finance education: developing faculty who educate legal practitioners and preparing legal practitioners themselves.

It is often contended by academics and practitioners in the Islamic finance industry that the global financial crisis would not have happened if the international financial markets had followed the principles of Shari'ah, especially in the asset securitization sphere. This article attempts to respond to these assertions by examining the factors that contributed to the global financial crisis alongside an analysis of how Islamic finance could have been of value in its aversion.

This article discusses the case of securitization in Islamic finance to tease out what is universal and what is specific about this technique. To do this, the article frames the spatial dispersal of securitization as a form of 'organizational mimicry', which highlights that techniques always rely for their functioning on locally rooted 'cultures of practice', suggesting that successful transplantations require adaptation in both context and technique.

This paper sets out to review major debates in the field of geographies of emerging markets (EM). Observing lingering implicit assumptions about the undirectionality behind the emergence of EM discourses and practices, the paper argues that contemporary processes of South-South and South-North investment call for a ‘decentred’ view on EM integration. Such a decentred framework allows us to research whether geographical shifts in the world of global finance indeed imply a fundamental shift the nature of its practices.