In a world where global financial markets are becoming increasingly interconnected, understanding various financial systems and practices is essential. One such system that has been gaining prominence is Islamic finance, and for international delegates from Aoyama Gakuin University, Japan, their journey into this fascinating world began on the 7th of September, 2023, as they stepped onto the campus of the Islamic Finance and Wealth Management Institute (IFWMI) at the Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia (FEM, USIM).
The Aoyama Business School International Summer Programme @ IFWMI, FEM, USIM, was a one-day immersion into the intricate domain of Islamic finance. The program aimed to provide the visiting delegates with deep insights into the current practices and trends within Islamic finance, a field that has seen remarkable growth and global interest in recent years.
The knowledge journey commenced with lectures delivered by two distinguished experts in the field. The first lecture, titled “Corporate & Shariah Governance Practices Among Islamic Public Listed Companies in Malaysia,” was presented by Prof. Dato’ Dr. Mustafa Mohd Hanefah. In this insightful session, Prof. Dato’ Dr. Hanefah shared his expertise on corporate and Shariah governance practices, shedding light on the unique dynamics within Islamic public listed companies in Malaysia.
Following this, the delegates had the privilege of attending a lecture titled “Shariah Governance and Assurance Framework for Shariah Based Sector” presented by Prof. Dr. Zurina Shafii. Prof. Dr. Shafii, another eminent scholar in the field of Islamic finance, delved into the intricacies of Shariah governance and the assurance framework for the Shariah-based sector. Her presentation provided valuable insights into the regulatory and ethical framework that underpins Islamic finance.
However, the program was not confined to traditional classroom-style learning. To ensure a well-rounded understanding of Islamic finance, the delegates engaged in an interactive game known as the Muamalat Interactive Game (MIG). This engaging activity, facilitated by the MIG researcher team, took the delegates on a journey through the world of Islamic banking and finance. They navigated through obstacles on an interactive game board, mirroring the challenges and decisions faced in real-world financial scenarios. The aim of this game was to not only teach but to immerse the delegates in the principles and importance of financial literacy from a holistic Islamic finance perspective.
The grand finale of the program took place in the serene surroundings of the USIM library. Here, the international delegates had the unique opportunity to apply the knowledge they had gained from qualified professionals in the field, including Prof. Dato’ Dr. Mustafa Mohd Hanefah and Prof. Dr. Zurina Shafii. It was a moment of practical application, where theory met practice, and the delegates left with a deeper understanding of Islamic finance.
But the learning experience was not limited to academia alone. As an added treat, the delegates were introduced to the flavors of Malaysia through its tropical fruits. Durian, known as the “king of fruits,” rambutan with its spiky exterior and sweet flesh, and langsat, a delicious tropical fruit, were among the delights served. This culinary experience was a taste of Malaysian culture, showcasing the diversity and richness of the host country.
In conclusion, the Aoyama Business School International Summer Programme at IFWMI, FEM, USIM, offered international delegates from Aoyama Gakuin University a holistic and enriching experience. It combined classroom learning with interactive engagement, providing not just knowledge but practical insights into the world of Islamic finance. It was a day of cultural exchange, intellectual growth, and gastronomic delights, creating lasting memories for the participants. This program exemplified the importance of cross-cultural education and collaboration in an increasingly interconnected world.
As these delegates departed the picturesque campus of USIM, they left not only with a deeper understanding of Islamic finance but also with a taste of Malaysia’s warmth and hospitality. This summer program served as a bridge between nations, fostering connections and knowledge that will undoubtedly influence their future endeavors in the world of finance and beyond. We extend our heartfelt thanks to Aoyama Business School for entrusting us with this exceptional program.
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