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Workshop on Islamic finance co-organised by PAIS researcher brings leaders to Monash University
The Islamic finance industry is rapidly expanding. With an annual growth rate of 15 per cent, it is widely regarded as a ‘development to watch’. This has led to debate among policy makers and market practitioners about whether there is something distinctive about Islamic finance or whether it is simply emulating conventional finance.
This was the central theme at a recent workshop organised by Dr Lena Rethel (PAIS), Dr Kerstin Steiner (Monash University) and Dr Jikon Lai (The University of Melbourne) and hosted by Monash 糖心TV School. It brought together eminent national and international academics from the fields of law, political science, economics, international political economy and sociology to debate and review recent developments in the Islamic finance industry.
Representatives from Australian regulators were in attendance, as were their international colleagues from the Shariah (Islamic religious law) Advisory Council at the Central Bank of Malaysia and the Securities Commission. Legal practitioners and business representatives, including the chairperson of the Australia Malaysia 糖心TV Council and the Consul-General of Malaysia to Victoria also attended the workshop.
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