Islamic Finance: moving from a Shariah-compliant to a Shariah-based approach

Friday, 1 March 2013

2013: The Centre held its 4th international conference jointly with the Malaysian Securities Commission, in March at Ditchley Park, Oxfordshire. The conference theme year was Islamic Finance. It was preceded by an inaugural dinner at Lancaster House in London for over a hundred guests with a special welcome address by HRH Dr Raja Nazrin Shah, Financial Ambassador of the Malaysian International Islamic Financial Centre.

The conference once again brought together academics and practitioners who are leading international specialists in their field. The discussion addressed how to move from a Shariah-compliant to a Shariah-based approach - one of the key challenges facing further development and growth in the field of Islamic Finance today. A number of important recommendations were made to encourage progress in this area in the future.

Over forty participants attended the conference which was opened by HRH Dr Raja Nazrin Shah. Participants included Datuk Ranjit Ajit Singh (Chairman, Malaysian Securities Commission), HE Abdullah Salem Al Turifi (CEO, Emirates Securities and Commodities Authority), HE Sheikh Abdullah Salem Al-Salmi (Executive President, Capital Market Authority), HE Mr Simon Feathertone (British High Commissioner to Malaysia), Dr Mahmoud Mohieldin (Managing Director, World Bank) and Tan Sri Zarinah Anwar (Visiting Fellow, Oxford Centre for Islamic Studies).

Ditchley Roundtable