International Islamic Finance conference

Associate Professor Ishaq Bhatti, Director of the Islamic Banking and Finance program at La Trobe University, will be co-chairing an international conference in Ethics in Financial Transactions and Society – The Way Forward this weekend, 17—18 September.

Bhatti

The conference is expected to attract more than 100 delegates with speakers from Australia, Malaysia, Indonesia, Pakistan, Oman, UK and the USA.

It will also give post-graduate students of the Islamic Banking and Finance Programme at La Trobe University, the first ever in the Australasian region, the chance to showcase their research which covers finance ethics, religious influences on transactions and the erosion of the human capital of skilled migrants.

The conference is a joint effort between industry, community and academia to explore the issues and opportunities related to ethical finance says Dr Bhatti.

‘In this conference most of our Islamic Banking and Finance staff and six of postgraduate students are presenting papers based on the ethical part of Islamic finance. Our first batch of Islamic Finance graduates have graduated and almost all of them are now employed in industry.’

‘This is great news for us to see how well our graduates are placed. These students will play significant role in creating new financial products based on ethical values and will have significant effect on our Australian society at a large,’ he says.

Ethics in finance and assets back Islamic Finance has become a critical issue after the devastating effects on the world's financial infrastructure in the aftermath of the Global Financial Crisis.

The conference will coincide with the launch of new Islamic banking products including the No Interest Loans Scheme (NILS), and Qard Hasan—Sharia lending and borrowing on interest free basis.  These initiatives have been developed by Good Shepherd, ICV and the National Australia Bank, in consultation with the Australian Muslim community. The ideas for these products were first presented at a La Trobe University Symposium on Islamic Finance in 2009.

Ethics in Financial Transactions and Society – The Way Forward is co-hosted by the National Centre of Excellence for Islamic Studies, La Trobe, Bond and Monash universities, and partnered by the Centre for Applied Philosophy and Public Ethics, the Institute for Ethics, Governance and Law, and the Islamic Council of Victoria.

Professor Glyn Davis, Vice-Chancellor of the University of Melbourne will open the conference and Minister for Small Business and Minister assisting on Deregulation and Public Sector Superannuation Nick Sherry will give key note address.

Complimentary passes are available for media however prior registration by 15 September is essential. More on the conference at www.nceis.unimelb.edu.au/events/all/ethics-conference

Media Opportunity

What:
Business Forum VIC 2011, 17 – 18 September

Venue: Sidney Myer Asia Centre, University of Melbourne
             
When: With Dr Bhatti, Saturday 17 September, 10.15am Followed by Minister Nick Sherry’s speech & press briefing at 10 AM Alternatively, 2.45 after Community Finance Session

For more information:

Rachel McCarthy (Event Manager)
T: 8344 0275 M: 0403 834 222 E: ramilac@unimelb.edu.au

Ingrid Sanders (Media Unit):
T: +613 8344 3845 M: 0408112728 E: ingrid.sanders@unimelb.edu.au

ENDS

For more information or to arrange an interview please contact:

Dr Ishaq Bhatti

Director of Islamic Banking and Finance program, La Trobe University
T:  03 9479 2715 E:  i.bhatti@latrobe.edu.au

Meghan Lodwick

La Trobe University Communications Officer
T:  03 9479 5353 M:  0418 495 941 E: M.Lodwick@latrobe.edu.au

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