Islamic banking: Opportunity in crisis

Islamic banking: Opportunity in crisis

12 Jun 2009

Islamic Banking and Finance has been described as one of the most promising areas for present and future steady growth, but little is known about this growing segment of the financial services sector in Australia.

Islamic Banking and Finance An international symposium on Islamic Banking and Finance will be held on Monday 6 July at the InterContinental Melbourne, The Rialto, entitled Islamic Banking and Finance and the Current Global Financial Crisis. The opening of the symposium will be done by Sen Hon Nick Sherry, Minister of Superannuation and corporate law. The event is co-hosted by La Trobe University, National Australia Bank, and the Muslim Community Corporation of Australia (MCCA).

Delegates and speakers from Saudi Arabia, Indonesia, Pakistan, UAE the UK and other countries will be present. Speakers include the Head of International Weath Management, Dubai Islamic Bank Mr Saadat Global Head of Distribution, Global Market NAB Steve Lambert , Dr. Jalaluddin of ATO, Professors M. Ariff (Bond), Mervyn Lewis (UniSA) and Head of Islamic Finance, Price Waterhouse Coopers UK, Mr Mohammed Amin.  

‘This symposium is a joint effort between industry and academia to explore the issues and opportunities related to Islamic Banking and Finance,’ said Associate Professor Ishaq Bhatti of La Trobe’s School of Economics and Finance.

‘The current crisis –together with a growing demand for Shariah compliant products and services- calls for an active response from industry as well as academia.

‘We will be looking at the performance of Islamic banks and financial institutions in the face of the current crisis, as well as the challenges for the sector particularly in Australia,’ he added.

La Trobe will also be launching Australia’s first Masters degree in Islamic Banking and Finance (MIBF) at the symposium.

Dr Bhatti says the new Masters program will appeal to international students from Asia who want Islamic financial training in English and to local graduates keen to enter the sector in Australia.

‘La Trobe’s Master in Islamic Banking and Finance will provide postgraduate students with training in the technical skills demanded by global Islamic capital markets and institutions, and students will develop expertise in Islamic banking, Islamic insurance and Islamic capital markets,’ said Dr Bhatti

For more information on the symposium

Complimentary delegate passes are available for media wishing to attend the conference, but prior registration is essential.

If you would like a free pass, please contact

Andrea Jones

Marketing Manager
Faculty of Law and Management, La Trobe University
T:  + 61 3 9479 1604
M:  + 0404 947 893




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