Y1-70, Yungondi Building, UniSA Business School
University of South Australia, CITY WEST CAMPUS
ADELAIDE, SA 5000
The Centre for Islamic Thought & Education (CITE) would like to invite you to a one day Symposium on Islamic Finance.
This Symposium will focus on current developments in the Islamic financial markets such as the recent turmoil associated with sukuks occasioned by the service default of a major UAE borrower and the doctrinal controversy that has set off. Also of interest are Australian regulatory constraints and entry barriers hampering the growth of Islamic financial products and services. In common with rapid developments in the broader financial marketplace, a further challenge to Islamic finance is whether the industry is able to withstand and stay abreast of such rapid changes. Other problems of interest are: vexed taxation and compliance issues facing the nascent industry in Australia and other countries with Muslim minorities; why competition remains a real problem for many Islamic finance providers operating either as mortgage brokers or tightly controlled financial intermediaries without the ability to raise funds in the money market.
Our philosophy is to promote empirical research informed by Islamic methodologies, philosophies and pedagogies, cognisant of the unique Australian context.
It is our deep conviction that academic research and teaching must positively impact on engagement with community, media, government and non-government organisations. It must empower vulnerable and disempowered communities. This is at the heart of our philosophy.
Bringing together researchers specialising in Islamic civilisation, psychology, ethics, leadership, management, finance and education, our staff has extensive academic experience in Islamic studies, and importantly, substantial understanding of the needs and aspirations of the Australian Muslim communities. Our staff have actively participated in the affairs of the community for the last two decades and are well placed to explore issues that affect them, and engage with them in a holistic and grounded way.
Our approach is strength based and does not examine the Muslim community as a ‘subject’ of inquiry that is inscribed by ‘otherness.’
The Centre will have major, ongoing impact on the deeper understanding of Islam and Muslims, and their place in Australia and the modern world. We will provide a model for research, teaching and community engagement that are informed by a comprehensive understanding of Islam and Muslims based on Islam’s sacred traditions and contemporary realties.
Our centre will engage with academics, journalists, politicians, and the wider community in order to inform, educate, and build bridges of understanding, and to promote a spirit of interconnectedness.