CRITICAL THINKING ON ISLAMIC FINANCE AND ECONOMICS DEVELOPMENT

General Information

Conference Venue Gazi Husrev-bey Library Gazi Husrev-begova br. 46 71000 Sarajevo,

Bosnia and Herzegovina info@ghb.ba

Phone: +387 33 238 152

Official Language

The official language is English. No simultaneous translation will be provided.

Conference Information Desk The Conference Information Desk is open during the conference hours. The staff will be happy to assist you with all matters concerning the

Conference.

Registration The Registration Desk is located in the Entrance Hall at the Gazi Husrev-bey Library in Sarajevo. The Desk will be opened for registration on

Friday, October 25th 8:00 – 8:30.

Conference Bag and Name Tag Upon registration all participants receive a conference bag and a name tag.

Conference participants and exhibitors are kindly asked to wear their

name tags during all conference events.

Lunch Lunch is served at the Gazi Husrev-bey Library in the Restaurant.

mailto:info@ghb.ba

Conference Agenda Overview Friday, October 25nd, Gazi Husrev-bey Library

08:00 – 08:30 Registration, Entrance Hall

08:30 – 09:45 Opening Ceremony, Main Hall

• Welcoming remarks

• Welcome speech – Prof. Dr. Jasmina

Selimović, Dean of the School of Economics and

Business Sarajevo, University of Sarajevo

• Welcome speech – Mohammed Abdel-Haq,

University of Bolton

• Welcome speech – His Excellency, Zakri

Jaafar, Ambassador of Malaysia in B&H

• Opening speech – Jasmin Mahmuzić, Director of

Banking agency of Federation of Bosnia and

Herzegovina

• Keynote speech – Dr. Humayon Dar, Director

General of Cambridge Institute of Islamic

Finance. Topic: “Standardisation of Notation in

Islamic Economics, Banking and Finance”

09:45 – 10:00 Coffee Break

10:00–11:30 Panel session

Financial exclusion and Islamic finance

• Torkel Brekke, Oslo Metropolitan University &

PRIO, Muslim entrepreneurs and financial

exclusion in the Nordic countries

• Ida Birkvad and Kaja Borchgrevink,

Queen Mary University of London & PRIO,

Religion, housing and the new Norwegian Muslim

middle class: a study of Muslim female

professionals

• Kaja Borchgrevink and Marta Bivand Erdal,

PRIO, Islamic finance in Muslim minority context:

perspectives and practices

• Ahmet Kudsi Arslan, CEO Kuveyt Turk

Germany, Islamic banking in Muslim minority

context – the case of KT Bank AG in Germany

• Muhamed Prlja, CEO UBA bank Albania, Islamic

banking in Muslim minority context – the case of

Albania

11:30 – 11:45 Coffee Break

11:45–17:45 Parallel sessions

11:45 – 12:45 Parallel Sessions “A” - Issues in Islamic

finance implementation in the world

12:45 – 13:45 Break for Juma prayer

13:45 – 14:30 Lunch – sponsored by PRIO

14:30 – 15:45 Parallel Sessoions “B” - Islamic finance

and economic development

15:45 – 16:15 Coffee Break

16:15 – 17:45 Parallel Sessoions “B” - Corporate Social

Responsibility and Islamic finance

19:00 Gala Dinner (Hotel Europe) – sponsored by

BBI - Bosna Bank International

Blue room

SESSION: 11:45 – 12:45

S A .1 SESSION: 11:45 – 12:45

Room: Blue Chair: Fawad Khaleel, The University of Edinburgh

1. Mohd Shahril Ahmad Razimi and Farouk Sulaiman,

UUM, Malaysia, AWARENESS ON TAKAFUL PRODUCTS

AMONG MUSLIMS IN THAILAND

2. Mohamad Yazid Isa, Asmadi Mohamed Naim and

Ahmad Khilmy Abdul Rahim, UUM, Malaysia, THE

CONCEPT OF MUTUAL TAKAFUL MODEL

3. Selamah Maamor, Hasyeilla Abd Mutalib Abd

Mutalib, Suraiya Hashim, Norazlina Abd Wahab,

Zairy Zainol and Mohd Saharudin Shakrani, UUM,

Malaysia, DEVELOPING A UTILISATION OF WAQF

PROPERTY AND GOVERNANCE FRAMEWORK BY

MUTAWALLI

4. Norazlina Abd Wahab, Selamah Maamor, Suraiya

Hashim, Zairy Zainol and Norsyazwani Abu

Hassan, UUM, Malaysia, ISLAMIC ESTATE PLANNING

AND MANAGEMENT: ISSUES AND CHALLENGES IN

IMPLEMENTATION OF HIBAH AND WILL IN MALAYSIA

Red room

SESSION: 11:45 – 12:45

S A .2 SESSION: 11:45 – 12:45

Room: Red

Chair: Torkel Brekke, Oslo Metropolitan University

1. Azwina Wati Abdull Manaf and Asfarina Kartika

Shakri, Multimedia University, Malaysia THE

APPLICATION OF DIGITAL BANKING & FINANCIAL

TECHNOLOGY (FINTECH) IN ISLAMIC FINANCE IN

MALAYSIA: CHALLENGES & OPPORTUNITY

2. Mohammed Alam, University of Bolton, UK,

PROMOTION OF ISLAMIC FINANCIAL PRODUCTS

THROUGH DIGITAL MEDIA IN CONTEMPORARY

BRITAIN

3. Samedina Bajrovic, Velid Efendic, Amela Trokic,

University of Sarajevo, THE IMPACT OF SERVICE

QUALITY ON CLIENT SATISFACTION IN ISLAMIC

BANKING

4. Ambreen Khursheed, Maham Fatima and Dr.

Faisal Mustafa, University of Central Punjab,

Pakistan, CUSTOMERS’ PERCEPTIONS TOWARD

ISLAMIC BANKING IN THE MIDDLE EAST REGION

Blue room

SESSION: 14:30-15:45

S B .1 SESSION: 14:30-15:45

Room: Blue

Chair: Velid Efendić, University of Sarajevo

1. Fawad Khaleel and Alija Avdukic, The University of Edinburgh

& Dundee University, UK, ACCOUNTING FOR THE FAILURES OF

ISLAMIC LEGAL THEORY AT PUBLIC ADMINISTRATION:

POLITICAL ECONOMY OF HISTORICAL INSTITUTION OF HISBAH

AS A REGULATORY BODY

2. Adisa Omerbegovic Arapovic, International Burch University,

BiH, RE-EVALUATING CLASSICAL MACROECONOMIC THEORY:

PARADOX OF REAL INTEREST RATES IN THE FINANCIAL SYSTEM

WITH CREDIT CREATION

3. Yusuff Awosanya, University of Bolton, UK, THE

INFLUENCE OF CREDIT RISK MANAGEMENT ON THE

FINANCIAL PERFORMANCE OF ISLAMIC BANKS IN AFRICA

4. Murniati Mukhlisin, Nurizal Ismail and Reza Jamilah,

Tazkia Islamic University College, Indonesia, MIND THE GAP;

THEORIES IN ISLAMIC ACCOUNTING & FINANCE, ISLAMIC

ECONOMICS, AND MANAGEMENT AND BANKING STUDIES

5. Zohra Jabeen and Ayesha Jabeen, Pakistan, Institute of

Management Sciences, Peshawar, SYNERGY OF HUMAN CAPITAL

FOR ECONOMIC DEVELOPMENT AND WELFARE

Red room

SESSION: 14:30-15:45

S B .2 SESSION: 14:30-15:45

Room: Red Chair: Azra Zaimović, University of Sarajevo

1. Omar Yunus, Azra Zaimović, University of Sarajevo,

BiH, THE TIME VALUE OF MONEY: THEORETICAL AND

PRACTICAL DEVELOPMENTS IN ISLAMIC FINANCE

EXAMINED THROUGH BONDS AND SUKUK

2. Baba Kura Bashir, University of Bolton, UK, THE

DETERMINANTS OF USING ISLAMIC FINANCE PRODUCTS

IN NIGERIA

3. Hafiza Harun, Export-Import Bank of Malaysia, Malaysia,

MONEY CREATION CONCEPT AND MONETARY POLICY IN

ISLAMIC ECONOMY: THE ROLE OF MALAYSIAN REGULATOR

4. Muhamed Becic, Al Hilal Bank, BiH The Compatibility of

the Shariah Investment Framework with Sustainable

Development Goals (SDGs): AN ANALYTICAL STUDY OF

THE MAJOR ISLAMIC INVESTMENT INDICES (S&P DOW

JONES ISLAMIC INDICES)

Blue room

SESSION: 16:15-17:45

S C.1 SESSION: 16:15-17:45

Room: Blue Chair: Mohamad Yazid Isa, University Utara Malaysia

1. Mir Tania Ferdousi, University of Bolton, UK, A

CONCEPTUAL REVIEW OF THE TRUE MEANING OF

SHARIAH: ULTIMATE FREEDOM FROM OPPRESSION

2. Mohsen Nouraei, University of Mazandaran (UMZ),

Iran, ISLAMIC STRATEGIES FOR SOLVING THE

PROBLEM OF DISTRIBUTIVE JUSTICE

3. Sayid Salahuddin Alaydrus and Ibrohim Abdul

Halim, Istanbul Sabahattin Zaim University, Indonesia,

THE IMPACT OF ZAKAT INTEGRATION IN ROCAL

FINANCIAL SYSTEM. STUDY CASE: ACEH PROVINCE

4. Ataollah Rahmani, Al-maktoum college of higher

education Dundee, UK, UNITED KINGDOM MAJORITY

RULE IN IRANIAN CORPORATIONS

5. Meliha Bašić, University of Sarajevo, BiH, ETHICS

IN ISLAMIC ACCOUNTING STANDARDS IN MUSLIM MINORITY COUNTRIES

Red room

SESSION: 16:15-17:45

S C .2 SESSION: 16:15-17:45

Room: Red

Chair: Selamah Maamor, University Utara Malaysia

1. Velid Efendić, Nejra Hadziahmetović and Enidela Halilović, University of Sarajevo, BiH, CORPORATE SOCIAL RESPONSIBILITY OF BANKS IN FEDERATION OF BIH

2. Azizur Rahman, Ajman Bank, United Arab Emirates, PROFIT RATE SWAPS AND ITS PRACTICAL CHALLENGES

3. Mohammad Mahbubi Ali and Abrista Devi, International

Institute of Advanced Islamic Studies (IAIS) Malaysia and Ibn Khaldun University, Bogor Indonesia, Indonesia, ISLAMIC FINANCIAL INCLUSION IN INDONESIA: ISSUES AND SOLUTIONS

4. Muhammad Naveed Aslam, International Islamic

University, Islamabad, Pakistan, ISLAMIC MICROFINANCE INSTITUTIONS AND THEIR FINANCIAL SUSTAINABILITY IN PAKISTAN; AN EMPIRICAL APPROACH