Friday, March 25, 2011

Islamic Accounting & Muamalat Research Centre: A New Kid on the Block

The formation of the Islamic Accounting and Muamalat Research Centre (IAMRC)was to support ARI's research capability in Islamic Accounting, Islamic Finance and Shariah Audit.
Initially formed as an SIG in early 2010 and upgraded to a full blown research centre in March 2011, IAMRC is indeed a "new kid on the block". IAMRC is currently headed by Dr Nawal Kasim and assisted by Associate Profesor Dr Mohd Azam from CITU. Though new, IAMRC constitutes an important smart collaboration between ARI, Centre of Islamic Thought & Understanding (CITU)and other Islamic-based agencies in the country. Upon ARI HICoE being entrusted with a niche research area of Islamic Financial Criminology, I knew for a fact that ARI needed to quickly set up its research capability in Islamic Accounting and Finance. Our first "stop" for help was to discuss with CITU on possible research topics that the two entities can collaborate on. Then ARI researchers went on a full "tour" to visit and discuss with many officers and researchers of Islamic-based institutions and agencies in Malaysia. Included in our visits were: Baitulmal, Zakat Centres, IKIM, JAKIM, YAPeIM, ISRA, IBFIM, INCEIF, Bank Islam, SC-Islamic Compliant and several mosques. We have also invited several international scholars and researchers as visiting professors at ARI. As a result of those visits, ARI is currently pursuing several research projects funded by the ARI HICoE research fund. The year 2011 will see IAMRC going international with potential research collaborations with universities in Bahrain and the United Kingdom. ARI Deputy Director, Professor Dr Rashidah has initiated several "early-wins" collaborations with four universities in the UK. They are namely, Oxford Centre of Islamic Studies, University of Oxford; University of Dundee; University of Durham and University of Birmingham. IAMRC's journey towards internationalization will be further supported and expedited with the appointments of several international scholars and post doctoral students in the second half of 2011. As a director of ARI, I am confident that IAMRC has the potential of going international....