Tuesday, December 14, 2010

Islamic Finance & Muamalat Seminar

As speakers to the forthcoming ICFC 2010 conference on 14-15 December 2010, Prof Omar Masood from the University of East London and Prof Sofian from Trisakni University, Indonesia presented their papers today at a 1-day "pre-conference" seminar on Islamic Finance and Muamalat which was organized by the Accounting Research Institute. The audiences are mainly ARI/faculty staff and students. Premised on his own experiences, Omar advised participants to identify industry needs for each research project that they embarked on. it is through understanding such needs that research spin offs can be multiplied and it is much easier to get funding. Prof Sofian, in his own simple and practical illustrations, relate the concepts of Islamic accounting as a fraud deterrent mechanism.