of Islamic Financial Institutions
Speaker: Assoc. Prof. Dr Asyraf Wajdi Dusuki
Head of Research Affairs, International Shari’ah Research Academy for Islamic Finance (ISRA)
Date : 26th November 2010
Time : 6.15pm
Venue: British Bankers' AssociationPinners Hall, 105 - 108 Old Broad Street, London EC2N 1EX
(This building is near Liverpool Street, Bank and Moorgate Underground Station)
About the Lecture:
Islam prescribes certain measures to manage and minimise risk. This is in line with the spirit and direction of Divine Guidance, the Quran and the Tradition of the
Prophet Muhammad (peace be upon him), which among others advocates the concept of preservation of wealth is one of the most important objectives of Shari’ah. Therefore the concept of risk management has a strong basis in Shari’ah and has great implications for Islamic finance operations. Essentially Islamic finance is not immune to being exposed to numerous risks either endogenously or exogenously. The lecture therefore aims to review the structure and mechanism of various risk management tools and instruments namely, Islamic Forwards, Options and Swaps. Specifically, the lecture shall highlight the Shari’ah
parameters and guidelines in structuring various Islamic Risk Management instruments. Although these instruments have their own advantages as risk management tools which appeal to Islamic financial institutions, their use are restricted only for hedging purposes and not for speculative trading activities.
Prophet Muhammad (peace be upon him), which among others advocates the concept of preservation of wealth is one of the most important objectives of Shari’ah. Therefore the concept of risk management has a strong basis in Shari’ah and has great implications for Islamic finance operations. Essentially Islamic finance is not immune to being exposed to numerous risks either endogenously or exogenously. The lecture therefore aims to review the structure and mechanism of various risk management tools and instruments namely, Islamic Forwards, Options and Swaps. Specifically, the lecture shall highlight the Shari’ah
parameters and guidelines in structuring various Islamic Risk Management instruments. Although these instruments have their own advantages as risk management tools which appeal to Islamic financial institutions, their use are restricted only for hedging purposes and not for speculative trading activities.
About the Speaker:
Associate Professor Dr Asyraf Wajdi Dusuki is currently Head of Research Affairs at the International Shari’ah Research Academy for Islamic Finance (ISRA). Prior to joining ISRA, he was an Assistant Professor of Islamic Banking at the Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia (IIUM). Apart from serving ISRA, he also serves as a Chairman of Affin Group Shari’ah Committee and Shari’ah consultant and advisor to several financial institutions and advisory firms including UK-based Mortgage Company Chain Mender Limited and Industries PLC. He holds Ph.D in Islamic Banking and Finance from Loughborough University, United Kingdom and is a frequent speaker in Islamic seminars and conferences.
He has published in numerous international and local refereed academic journals. One of his article entitled “Banking for the Poor: The Role of Islamic Banking in Microfinance Initiatives” has been awarded the 2009 Outstanding Paper Award by the well-known International Referred Journal, Article Publisher Emerald Literati Network.
Downlord pdf Format details from here
Alternatively, please contact:
Ms Farida Rahman
Email. farida.r@islamic-banking.com
T. +44 (0)20 7245 0404
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