Introduction

Islamic Finance refers to a system of finance that complies with islamic law. The underlying
principle that govern islamic banking are mutual risk and profit sharing between parties, the
assurance of fairness for all and that transaction are based on underlying business activity and
assets.
The constraint applied by islamic institution rendered them more resilent in the recent
financial crisis compared to their conventinal counterparts. This has attracted the attention of
market participant and acadecians to their liquidity buffers,leverage ratios, managerial
effiency and bespoke financial products.
Islamic finance has grown tremendously since its inception over 30 years. The product are
now offered in more 47 countries and their spending suite includes bonds, equity indices and
insurance. The sector is estimated to exceed 1trillion to value while growing at about 15
percent per annum.
Among many issues still subject to debate is the purity of islamic finance in practice, given
the need to compete and to operate with customer whose expectation have been form by
conventional financial practices. The sighted huge potential for the developement of islamic
finance, However, the lack of human expertise would hurt the industry developement.
Hence, Faculty of Business Management and Professional studies (FBMP), Management and
Science University (MSU) is organizing a conference based on Islamic finance specifically in
Malaysia. The conference main aims is to provide a platform for an exchange of views on
recent developement and to identify key issues or challenges underlying the paradigm of
Islamic Finance is 21st Century.

Mission of MIFCo2015
MIFCo2015 will give an oppurnities to participant as they will have a splendid relationship
with the industries practioner, scholars and academicians. It is also to provide awareness
among participant on good knowledge and values. Other than that, it is to give an oppurnities
in exchanging ideas with peers from other fields.

Objective of MIFCo 2015

Promote the Islamic Finance practices throughout the community

Address the challenges of talent development in Islamic financial institutions (IFIs)

and,
To provide as to uphold the principles and the spirit of Islamic jurisprudence

Tentative Of Program

On 12th November 2015, Management and Science University (MSU) has its first Islamic
Finance Conference (MIFCo2015). The event was start at 0800 for registration where all
candidate was required to register their attendance onto the registrar.The participant for

MIFCo2015 consist of the student of MSU from Business Department, the outside student
or participant and lecturers of MSU.
The MIFCo2015 event opening ceremony was declared by President of Management and
Science University, Prof. Tan Sri Dato Wira Dr Mohd Shukri Ab Yajid. The President
stated that this conferences is the first and will never be the last or also known as the
beginning of the new story. The President wish that the student from MSU to take this
advantage or opportunity to know the current situation of Islamic finance and how it gives
a huge advantage in Business perspective.
The President end the speech with wisdom words and the participant were invited to have
a morning refreshment that were prepared specially for them.

Appendix

Paragraph 1.1

Paragraph 1.2

FACULTY OF BUSINESS,MANAGEMENT AND PROFESSIONAL

(FBMP)

BFN 20403
INTERNATIONAL FINANCIAL MANAGEMENT

REPORT OF MIFCO2015
PREPARED BY :
MUHAMMAD FUADI BIN MOHD TAIB (012015050694)

PREPARED FOR :
MDM LOGESWARY