Internationalization of Islamic

finance: Link for global partnership

among Muslim nations
Hassanuddeen Abd. Aziz
Chair, Islamic Finance Scientific Chair
Effat University, Saudi Arabia

Outline
Principles of Islamic Finance
Overview on Islamic finance development and growth
Islamic finance internationalization
Future of Islamic Finance human capital development

Principles of Islamic Finance

Prohibition of riba
Prohibition of maysir
Prohibition of gharar
Prohibition of trading in non halal assets and businesses

Islamic finance development and growth

Challenges for Islamic finance

internationalization
Language
Religion
Social norms (culture)
Political aspects
Legal dimensions
Economic dimensions
Income, population, and education (geographical dimension)

Islamic finance journals

Journal of Islamic Accounting and
Business Research
International Journal of Islamic
and Middle Eastern Finance and
Management
Journal of Islamic Banking and
Finance
Journal of Islamic Finance
International Journal of Islamic
Financial Services (Inactive)
Journal of Emerging Economies
and Islamic Research
Journal of Islamic Economics
Banking and Finance
International Journal of Islamic

Humanomics
Journal of King Abdul
Aziz University: Islamic
Economics
Islamic Economic
Studies
ISRA International
Journal of Islamic
Finance
Journal of Muamalat
and Islamic Finance

Universities and Institutes offering

courses and training related to Islamic
Academy for International Modern Studies (USA) MBA in Islamic Banking
Finance

Al Jamia Al Islamia (India) Post Graduate Diploma in Islamic Economics and

Finance
Bahrain Institute of Banking and Finance, Professional training Institute
(Bahrain) Diploma in Islamic Accounting and Compliance
Chartered Institute of Management Accountants (UK) Certificate in Islamic
Finance
City University London, Cass Business School (UK UAE) Executive MBA in
Dubai
Dadabhoy Institute of Higher Education (Pakistan) MBA In Islamic Banking
And Finance
Durham University (UK) MA and MSc in Islamic Finance
Strasbourg Management School (France) Diploma in Islamic Finance
Effat University (Saudi Arabia) Master of Islamic Financial Management

 Latrobe University, Faculty of Law and Management (Australia) Master of

Islamic Banking and Finance
London School of Business and Finance (UK) MSc in Islamic Finance and
Banking
Newcastle University (UK) MSc Finance & Law with Islamic Finance
Salford Business School (UK) MSc in Islamic Banking and Finance
Sapienza Universita Di Roma (Italia) Masters Degree in Mediterranean and
Arab Finance and Banking
The International Centre for Education in Islamic Finance (Malaysia) Masters
in Islamic Finance
The Markfield Institute of Higher Education (UK) Master in Islamic Banking
Finance and Management
Trisakti University (Indonesia) Post Graduate Program on Islamic Economics
and Finance
Paris-Dauphine (France) Diploma in Principles and Practices of Islamic
Finance
Tun Abdul Razak University (Malaysia) MBA in Global Islamic Finance

Future of IF human capital development

Collaboration between institutions offering Islamic finance programs
Consolidation and harmonization of Islamic finance programs across countries
Development of specific programs under the Islamic finance area
Focus on the current practices of Islamic finance industry
Establish strong ties between the industry needs and programs offered
Extensive and rigorous research in Islamic finance: Knowledge building