PRESS RELEASE

February 23, 2017 - For the third consecutive year, the International Shariah Research Academy for Islamic Finance (ISRA) continues to dominate in the category of Best Islamic Research Firm. Cementing its position as the leading research institution in the Islamic finance industry with over three quarters of the votes, the Award was presented to ISRA last night at the IFN Award Dinner Ceremony held at the Emerald Room, Mandarin Oriental Kuala Lumpur, Malaysia. Prof. Dr. Ashraf Md Hashim, CEO ISRA Consultancy received the award on behalf of ISRA.

According to IFN's published award report, "the results highlight ISRA's increasing dominance in the research space, and the organization has been extremely active over the past year in developing activities and making a real contribution to industry knowledge." Worthy of mentioning also in the report is the collaborative work between ISRA and Bank Negara Malaysia in producing Shariah Standards and Educator's Manual on Shariah Standards for the industry, "which marked an important milestone for the industry".  

PROF. DR. MOHAMAD AKRAM LALDIN

Executive Director, International Shari'ah Research Academy for Islamic Finance

(ISRA)

KUALA LUMPUR, Nov 4 (Bernama) -- The Export- Import Bank of Malaysia Bhd (EXIM Bank) has contributed RM100,000 to the International Shariah Research Academy for Islamic Finance (ISRA) to publish a textbook on Islamic economics.

PRESS RELEASE

Kuala Lumpur, 1 November 2016 

ISRA And Thomson Reuters Launch The Second Series Of “Islamic Commercial Law Report” With A Special Focus On Islamic Capital Markets

The International Shari’ah Research Academy for Islamic Finance (ISRA) and Thomson Reuters today launched the second series of “Islamic Commercial Law Report”.

This year’s report, which comes with a focus on Islamic capital markets, was launched by the Deputy Minister in the Prime Minister’s Department (Religious Affairs), YB Senator Dato’ Dr Asyraf Wajdi Bin Dato’ Dusuki at the International Shari’ah Scholars Forum (ISSF), organised by ISRA and the Islamic Research and Training Institute (IRTI) in Sama Sama Hotel, Kuala Lumpur on the 1^st of November 2016.

Volume13.Issue42     Wednesday, 12 October 2016
Daily Cover Story

Islamic Finance news


GLOBAL: The Islamic Finance Council UK (UKIFC) and International Shari’ah Research Academy for Islamic Finance (ISRA) are urging governments and Shariah financial institutions around the world to implement mandatory independent audit of Shariah compliance in Islamic finance, in the wake of louder calls for trust, transparency and accountability from financial market participants.

By Bernardo Vizcaino

Oct 12 (Reuters) - External sharia audits are gaining support in Islamic finance as consumers and regulators seek more transparency and accountability, a study has found.

Islamic banks have traditionally used in-house boards of scholars to determine whether religious principles are being obeyed, but this self-policing has often been criticised for leaving banks open to conflicts of interest.

A pioneering report calling for an independent audit of Shari’ah compliance in Islamic finance will be launched today at the Global Islamic Economy Summit in Dubai.

Following consultation with over 35 practitioners across four countries the Islamic Finance Council UK (UKIFC) and International Shari’ah Research Academy for Islamic Finance (ISRA) unveiled the ‘External Shari’ah Audit Report’, which seeks to strengthen Shari’ah assurance and calls for external Shari’ah auditing to be made mandatory in Islamic financial institutions across the globe.

KUALA LUMPUR, 18 August – Credit Guarantee Corporation Malaysia Berhad (CGC) today contributed RM200,000.00 to the International Shari'ah Research Academy for Islamic Finance’s (ISRA) Islamic Economics Textbook Project.

13 June 2016, Kuala Lumpur - The International Sharīʻah Research Academy for Islamic Finance (ISRA) has successfully organised the 10th Muzakarah Cendekiawan Shari’ah Nusantara (the Regional Shari’ah Scholar Dialogue) themed, ‘Towards Strengthening Islamic Finance: Issues and Solutions’. The Muzakarah  was held on 1-2 June 2016 in Kuala Lumpur, Malaysia.

30 March 2016, Kuala Lumpur – The Islamic Financial Services Board (IFSB) and International Shari'ah Research Academy for Islamic Finance (ISRA) are pleased to announce the issuance of a joint IFSB-ISRA Working Paper titled “Sharīʾah Non-Compliance Risk in the Banking Sector: Impact on Capital Adequacy Framework of Islamic Banks” (WP-05).

MOST OUTSTANDING RESEARCH INSTITUTION FOR ISLAMIC FINANCE
International Shari’ah Research Academy for Islamic Finance

Within a short period of seven years, ISRA has established its global impact and is recognised by the Shariah fraternity as a leading Global Premier Research Academy in Islamic Finance. The ICD Thomson Reuters Islamic Finance Development Report 2014 – Harmony on Horizon,  cited that an estimated 11% of global Islamic finance research is contributed by ISRA and INCEIF.

Shariah Scholars and Industry Stakeholders Discuss Issues on Financial Safety Nets at the IFSB-ISRA Shariah Roundtable

19 November 2015, Kuala Lumpur - The Islamic Financial Services Board (IFSB) and International Shariah Research Academy for Islamic Finance (ISRA) have successfully organised a Shariah Roundtable themed, ‘Financial Safety Nets: Striking a Balance between Shariah Requirements and the Soundness of the Islamic Financial System’. The Roundtable was held on 5 November 2015 in Kuala Lumpur, Malaysia.

The Roundtable aimed to provide a platform to Shariah scholars, legal practitioners, regulators and market players for having in-depth deliberations on key aspects of financial safety nets such as Lender of the Last Resort (LOLR) and Deposit Insurance Schemes from the Shariah perspective.

The International Shari’ah Research Academy for Islamic Finance (ISRA) and Thomson Reuters, the world's leading provider of intelligent information for businesses and professionals today launched an inaugural joint publication on “Islamic Commercial Law Report 2016”.

The Islamic Commercial Law Report 2016 was launched by the Deputy Minister, Prime Minister’s Department YB Senator Dato’ Dr Asyraf Wajdi Dato’ Dusuki at the International Shari’ah Scholars Forum (ISSF), organised by ISRA and the Islamic Research and Training Institute (IRTI) in Westin Hotel, Kuala Lumpur on 3 November 2015.

The IFSB Secretary-General, Mr Jaseem Ahmed and ISRA Executive Director, Prof. Dr. Mohamad Akram Laldin, signed the Memorandum of Understanding (MoU) on behalf of their institutions, in Kuala Lumpur, Malaysia this evening.