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ACTIVITY SCHEDULE

08:45 - 09:30

09:30 - 09:40 Recitation from the Holy Quran

09:40 - 09:50 Welcome Address Prof. Dr. Anis Ahmad

09:50 - 10:00 Welcome address by ‘Patron-in-Chief’ (Message) Mr. Ahsan Iqbal

10:00 - 10:10 Keynote Address Justice (R) Khalil ur Rehman

10:10 - 10:15 Inauguration of the Book “Reflections on the Socio-Political Economy” Justice (R) Khalil ur Rehman

10:15 - 10:25 Address by the Chairman SECP Mr. Zafar Hijazi

10:25 - 10:45 Address by the Chief Guest Mr. Saeed Ahmed, Deputy Governor, SBP

10:45 - 11:00 Address by the President IIUI Dr. Ahmad Yousif A. Al-Draiweesh

11:00 - 11:30

11:30 - 12:00Shariah Scholars, Shariah Governance and Maqasid Al-Shariah Application in Islamic Finance

Dr. Akram Laldin

12:00 - 12:25 The Financial Growth of Islamic banks and Maqasid Al-Shariah Fulfillment Dr. Mughees Shaukat

12:25 - 12:45 Maqasid Al-Shariah Index for Islamic Banking Institutions Ms. Warda Rasool and Dr. Sajjad Zaheer

12:45 - 13:05 Financial Reporting Practices and Injustice with the Stakeholders from Ethical Point of View Mr. Muhammad Akhtar, Muhammad Ayub, Irfan Ahmed

13:05 - 13:15 Tradable Inventory Certificates: A Proposed New Liquidity Instrument Dr. Monzer Kahf (Presentaion by Mr. Muhammad Ayub)

13:15 - 13:30 Question answer and closing remarks by the session chair

13:30 - 14:30

14:30 - 14:50 Ethical Dimensions of Islamic Finance: Theory and Practice Dr. Zamir Iqbal

14:50 - 15:10Bridging The Inequality And Poverty Gap Through State Enforced Charity (Social Tax ):A Case Of Low And Middle Income Countries

Dr. Nasim Shah Shirazi

15:10 - 15:25Maqasid al Shariah and Legitimacy of Islamic Banking in Pakistan – A Theoretical Framework

Mr. Muhammad Khaleequzzaman

15:25 - 15:40 The Impact of Zakah and Riba over the Society: A Comparative Study Dr. Muhammad Zaid Malik

15:40 - 15:50 Question answer and closing remarks by the session chair

15:50 - 16:15

14:30 - 14:45 What are the Maqasid of Islamic Finance Mufti Aziz ur Rehman

14:45 - 15:00 Promoting Socio-economic Welfare- A Case Study of Al-Ihsan Trust (Meezn Bank Ltd.) Mr. Ahmed Ali Siddiqui

15:00 - 15:15Poverty Consequences of Corruption and Finance: Theory and Evidence from the Muslim World

Dr. Tariq Majeed

15:15 - 15:30The Co-movement and Dependence Structure of Islamic Investment Funds before and during the Global Finance Crisis

Dr. Robin Hang Luo and M. Ishaq Bhatti

15:30 - 15:40Promoting Islamic Micro Finance by combining synergies for a structured solution to enhance social and financial inclusion

Mr. Amer Khalil ur Rehman, Malik Shahzad Shabbir

15:40 - 15:50 Session Conclusion Dr. Akram Laldin

15:50 - 16:15

Parallel Session – 3 (B) Potential and Challenges in Islamic Banking Practices

Asr Prayer & Tea Break

Day 1: February 21, 2016

Registration

Asr Prayer & Tea Break

Session - 3 (A) Ethics, Justice and Social Welfare

Prayer & Lunch Break

Tea Break

Session - 2 Maqasid Al Shariah and Islamic Finance

Session - 1 Inauguration and Keynote Addresses

09:00 - 09:30 Registration

09:30 - 10:30 Introduction to Shirkatul ‘Aqd Mr. Muhammad Ayub

10:30 - 11:30 Models of Shirkah based Financing and Investments in Banks Mufti Aziz ur Rehman

11:30 - 12:00

12:00 - 13:00 The Process of Running Finance through Musharkah Mr. Ahmed Ali Siddiqui

13:00 - 14:00

14:00 - 16:00 Fund Management and Investment by the IFIs Mr.Muhammad Asad

16:00 - 17:00 Potential and Issues in Musharkah based financing and Investments Dr. Akram Laldin

Workshop: February 20, 2016

Tea Break

Prayer & Lunch Break

International Conference on4th

Islamic BusinessQuaid-e-Azam Auditorium,IIUI Faisal Masjid Campus,

Islamabad, Pakistan20 - 22

February, 2016

UAN: +92 (51) 111-510-510 (Ext: 283, 284) | icib.riphah.edu.pk

16:15 - 16:30 Ummah Wellbeing, Globalization, Finance and Social Cohesion: Theory and Evidence Dr. Muhmmad Tariq Majeed

16: 30 - 16:45 Reforming the Global Economy and Finance in the light of Abrahamic Principles Ms. Camille Paldi

16:45 - 17:00Modern vs. Traditional Islamic Design for Financial Institutions: Implications for IFI's role in Social Inclusion

Mr. Omar Javaid and A. Wahab Suri

17:00 - 17:10 Murabaha – The Perspective of Islamic Bankers Dr. Muhammad Aqib Ali

17:10 - 17:20 Performance of Islamic and Conventional mutual FundsSyeda Hameeda Batool Gillani,Mr. M. Mahmood Shah Khan and Sana Mansoor

17:20 - 17:30 Question answer and closing remarks by the session chair

Session - 4 Islamic Economics and Finance as a Source of Socio-Economic Development

End of the Day Activity

09:30 - 9:50 The Legal and Regulatory Architecture for Islamic Capital Market in Pakistan Mr. Bilal Rasul

09:50 - 10:20 Elimination of Interest and the Iceland Plan for Monetary Reform Dr. Asad Zaman

10:20 - 10:40 Potential and Challenges in Promoting Equity Based Investments Dr. Salman Syed Ali

10:40 - 11:00 Does Islamic Banking help in Economic Development of Muslim Countries? Prof. Dr. Abdelrahman Yousri

11:00 - 11:10 Question answer and closing remarks by the session chair

11:10 - 11:30

11:30 - 12:00 Maslahah in Stakeholder Management for Islamic Financial Institutions Dr. Zulkifli Hasan

12:00 - 12:20A Divine Economics Framework for Universal Values, Economic Performance and Human Wellbeing

Dr. Syed Nisar Hussain Hamdani

12:20 - 12:35 Human welfare: A Critical Review from Islamic Perspective Dr. Anwar Shah

12:35 - 12:55 Application of Divine Capital Model [2012] to Workers' Efficiency and Inclusive Growth Dr. Mirajul Haq, Rashida Saddique and Syed Ali Abidi

12:55 - 13:10 Maqasid Al-Shariah Index for Islamic Banking Institutions Ms. Warda Rasool and Dr. Sajjad Zaheer

13:10 - 13:30 Question answer and closing remarks by the session chair

13:30 - 14:30

11:30 - 12:00 Issues in FOREX trading in the light of Islamic Law of contracts Dr. Muhammad Qaseem

12:00 - 12:20 Promoting Participatory Finance: the Hope, the obstacles And potential practical modes Dr. Muhammad Anas Zarka (Presented by . . . )

12:20 - 12:35Is there any impact of Religion on economic behaviour of house hold especially in case of women participation in labour market?

Ms. Asma Faiz

12:35 - 12:50 Common Currency for Islamic Countries: Is It Viable Ms. Ankasha Arif

12:50 - 13:15 Presentation by NRSP Mr. Agha Ali Javed

13:15 - 13:30 Question answer and closing remarks by the session chair

13:30 - 14:30

14:30 - 14:50 Risk Sharing in Takaful: An Appraisal of the Takaful Model based on ‘Tabarru’ Dr. Mughees Shaukat, Farrukh Habib, Abdelkader Ouatik el Alaoui

14:50 - 15:10 Takaful As A System Of Shared Responsibility And Co-Operative Risk Sharing Mr. Elvis Deumic

15:10 - 15:30 An Evaluation Of Islamic Insurance: Case Of Pakistan Dr. Muhammad Hanif and Dr. Abdullah M. Iqbal

15:30 - 15:45 Consumer Behavior in Tauheedi Epistemological perspective Mr. Sami-ud-Din and Dr. Kamran Azam

15:45 - 16:00 Challenges to Entrepreneurs in Dispute Resolution through Arbitration Mr. Iqbal Hashmi

16:00 - 16:15 Takaful Captive and their Governance Mr. Najamul Hussin Rassool

16:15 - 16:30On the Co-existence of Conventional and Islamic Banks: Do These Banks Differ in Business Structure and Efficiency

Dr. Sajjad Zahir and Moazzam Farooq

16:30 - 16:45 Promoting Practice and Usage of Salam for increasing Social Inclusion Mr. Amer Khalil ur Rehman

16:45 - 16:55

16:55 - 17:00

Conference Recommendations & Communiqué

Day 2: February 22, 2016

Session - 5 Money, Monetary Policy and Potential of Islamic finance

Tea Break

Session - 6 (A) Role of Divine Sources and principles in Socio-Economic Development

Conference Concluded

Tea & Asr Prayer

Prayer & Lunch Break

Parallel Session - 6 (B) Role of Divine Sources and principles in Socio-Economic Development

Prayer & Lunch Break

Session - 7 Economics and Finance in Co-operative Framework

Vote of Thanks by Mr. Muhammad Ayub

Collaborators: Organized By:

Riphah Centre of Islamic Business,

Faculty of Management Sciences,

Riphah International Universityriphahinternational

university

Ministry of PlanningDevelopment & Reform