Muzakarah11 – Press Release

Muzakarah11 – Press Release

MUZAKARAH11 | RegionalShari’ah Scholars Dialogue on ‘Post BNM Shariah Standards: Between Ideals and Reality’.

12 May 2017, Putrajaya– The International Sharīʻah Research Academy for Islamic Finance (ISRA) will be organising its 11th Muzakarah Cendekiawan Syariah Nusantara (Regional Shari’ah Scholar Dialogue) themed, ‘Post BNM Shariah Standards: Between Ideals and Reality’. The Muzakarah will be held on 16-17 May 2017 in Putrajaya, Malaysia.

The MUZAKARAH11is organised annually to provide a platform for Shari’ah scholars, academicians, market players, and regulators from the Southeast Asia region, namely Malaysia,  Indonesia,  Brunei,  Singapore,  and  Thailand.  More  than  210  delegates  are expected to attend this event.

Presenters  and  discussants  will  be  discussing  key  aspects  of  Islamic  finance,  while  scholars and participants will be encouraged to share their experiences, ideas, and innovations.

As an established and well-respected event among Islamic finance stakeholders, it is the only event that hosts the gathering of Southeast Asia region Shari’ah scholars and industry practitioners outside the Middle East and North Africa (MENA) region. It is also instrumental in  positioning  Malaysia  as  a  thought  leader  in  Islamic  finance  through  research  and regulatory advancement.

Among the presenters are:

  1. Prof. Madya Dr. Aznan Hasan
  2. Dr. Shamsiah Mohamad
  3. Dr. H. Oni Sahroni
  4. Dr. Md Nurdin Ngadimon

Following  the  theme  for  MUZAKARAH11,  the  presentation  will  focus  on  the  issue  of combining  sale  contract  with  lending  contract  (al-bay’  wa  al-salaf).  This  topic  will  be discussed from the current practical viewpoint in Islamic finance to formulate a clear resolution to why it is impermissible to combine the two contracts.

The second-day session is expected to host a robust dialogue between Shari’ah scholars, lawyers and industry practitioners on the musyarakah contract. The first session will see a sharing session between the panelists on the application of the musyarakah contract in Islamic finance products, while in the second session, the panelists will be giving their views on the issues and challenges in implementing the musyarakah contract in Islamic finance.