Director ARI HICoE: Formation of GLCRC Approved....

Wednesday, July 21, 2010

Formation of GLCRC Approved....

Today ARI and the Faculty of Accountancy submitted a joint-working paper to form another research centre within ARI Framework. The formation of the Government-Linked Companies Research Centre (GLCRC)has been approved today by the University's Executive Committee Meeting (comprising the VC, 4 DVCs, Bursar, Registrar and the Head Librarian). In the running of GLCRC, ARI hopes to collaborate with two GLC-related entities. Meetings and discussions are still under way before a formal decision could be made. In the meantime, GLCRC will kickstart its research activities through existing FRGS and ARI HICoE fundings. Dr Azmi Abd Hamid will lead GLCRC. With this latest edition, ARI now has seven research centres namely GLCRC, CIMA-UiTM Management Accounting Research Centre (AMARC), UiTM-MICG Corporate Governance Research Centre (CGRC), UiTM-ACCA Financial Reporting Research Centre (FRRC), Asia-Pacific Forensic Accounting Research Centre (AFARe), UiTM-ACCA Sustainability Research Centres (APCeS) and UiTM CPA Public Sector Research Centre PSARC). Congratulations...

Welcome

The creation of this blog is an effort to provide latest update and information about ARI. As a director to ARI, I want to share my personal vision and perhaps invite those who visit this blog to give ideas and constructive comments on how to continuously improve ARI from time to time. ARI is a centre of excellence under the Ministry of Higher Education, Malaysia. Personally, I believe that it can go very far. Plans are underway for ARI to participate at international platforms.

As a Higher Institutions' Centre of Excellence (HICoE), ARI is to drive a niche research in Islamic Financial Criminology (IFC). Essentially there are two main research thrusts within IFC: (i) Islamic Accounting & Muamalat and (ii) Financial Criminology. The focus on IFC is in tandem with the government's aspiration of making Malaysia, the global hub is Islamic Finance. In view of this vision, fundamental research in financial criminology is important so that new policies or system can be developed to mitigate and prevent financial crime within the Islamic Finance industry and other economic sectors.

ARI's research in Islamic Financial Criminology is divided into three phases. In Phase One, IFC research projects will focus on both local and regional issues. As such, ARI will forge a lot smart research collaborations with other research centres, professional bodies, government agencies, regulatory & enforcement agencies, universities and the private sectors. The Phase One projects aim to identify specific IFC issues that necessitate the development of new poducts, models, framework or policies. ARI will collaborate with agencies such as JAKIM, IKIM, IBFIM, INCEIF, ISRA, PDRM, RMC, FIU, BNM, MACC, IIM, UIA, USIM, USM etc. In term of deliverables, at least fifty publications will be produced by Phase One initiatives.

Premised on specific issues identified in Phase One projects, Phase Two focuses on working on specific IFC products, models, framework and/or policies related to IFC. ARI invites international partners who are experts in their own fields to participate in Phase Two research projects. Several international players from Australia, USA, UK, New Zealand, Japan, Taiwan, Korea and Singapore have indicated their interest to participate.

In Phase Three, IFC products, models, policies are further enhanced. The main aim of Phase Three is to isolate elements of technology transfer and the development of systems into IFC products, models, framework or policies. Upon completion of Phase Three, IFC products will be launched and ARI hopes to become a leading research centre globally focusing on its niche "Islamic Financial Criminology".

Director ARI HICoE

Wednesday, July 21, 2010

Formation of GLCRC Approved....

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