While the development of Islamic Banking and Finance has seen tremendous growth not only in Malaysia but the world over, Islamic Economics as a discipline has been playing a catch up role. And yet, if Islamic Banking and Finance is to make a real difference, it has to fit in within a larger and more established framework of Islamic Economics and be guided by the principles of maqasid shariah or the objectives of Islamic Law.
How would an understanding of a maqasid type of economic development contribute towards a new transformed economy that is not only “people’s first” but also sustainable and more efficient? This presentation will discuss the basic meaning of Islamic Economics and the principles of maqasid shariah and argues for a case that a real economic transformation requires a paradigm shift of the fundamentals. Rebranding and new labels soon get out of fashion but true essence remains relevant and pertinent. Here, the maqasid shariah offers some refreshing perspectives for the building of a new economic civilization that is more just and humane.
About the Speaker
Dr. Saadiah Mohamad is an Associate Professor at the Faculty of Business Management, Universiti Teknologi MARA, Malaysia. She has had more than twenty years of experience teaching Economics for both undergraduate and post graduate students.
In 2001, she had a short research stint at the World Bank and the IMF, Washington DC and in 2006, she was awarded a Fulbright grant to participate as a visiting scholar at the University of Evansville, Indiana USA under a special program “Direct Access to the Muslim World”
Dr. Saadiah has written many papers especially on exchange rate regimes, Malaysian currency peg experience, Southeast Asian exchange rate policy and in recent years on Islamic Finance.
Her work on econometrics modeling to detect currency misalignment won a gold award at the Invention, Innovation and Design (IID) 2008 competition and a bronze award at the 19th International Invention, Innovation and Technology Exhibition ITEX 2008. Her other research work and interests are on SMEs and issues on women in development.
Dr. Saadiah was appointed as the first Director of World Islamic Economic Forum (WIEF)-UiTM International Centre and was involved in the setting up of the centre since 2007. She is also an executive committee member of the Malaysian Economics Association since 2004. Dr Saadiah is actively involved with advisory and consultancy work with various government agencies and the industry and often appears in the media in her role as a public intellectual. She is currently attached at the Asian Institute of Finance (AIF) as an associate research fellow.
| Topic: | Islamic Economics and the Maqasid Shariah: Building the Fundamentals For a New Economy | |
| Speaker: | Associate Professor Dr. Saadiah Mohamad Associate Professor Faculty of Business Management, Universiti Teknologi MARA, Malaysia | |
| Date: | Friday, 29th October 2010 | |
| Time: | 11:00am - 12:00pm | |
| Venue: | Room 2-1-03, Building 2, Level 1 | |
| E-Flyer: | Please click here for the program’s e-flyer | |
Source : http://www.buseco.monash.edu.my/2010-education-strength-seminar/Islamic-Economic-Development-Seminar-Series-No.5.html - Oct 2010
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