IDMAC 2015 ON ISLAMIC ASSET MANAGEMENT

A group photo on the first day of IDMAC 2015

Alhamdulillah, with the full commitment of all committee members and ISDEV members, ISDEV successfully organised the 9th ISDEV International Islamic Development Management Conference (IDMAC 2015) at the University Conference Hall (DPU) of Universiti Sains Malaysia (USM), Pulau Pinang. This is the ninth in a series of initiative to encourage related research in Islamic social sciences perspective, with the theme on Islamic Asset Management. 

The ambiance at the registration counter prior to the start of IDMAC 2015

The two days conference was held from the 8 till 9 December 2015 with the focus to provide a platform and opportunities for practitioners, managers, scholars, researchers, academicians, graduate students and others from all over the world to engage on an intellectual discourse on Islamic Asset Management. IDMAC 2015 also provided the opportunity to all participants to explore new ideas and issues on managing assets in Islam to ensure maximisation of benefits for the Ummah.

Associate Proessor Dr. Zakaria Bahari delivering the First Keynote Address

The first Keynote Address for this conference was given by IDMAC 2015 Chairman, Associate Professor Dr. Zakaria Bahari. This year’s IDMAC 2015 also welcomed a very special guest from Brunei Darussalam, Yang Mulia Pehin Orang Kaya Lela Dato Seri Laila Jasa Haji Awang Abdul Rahman Haji Abdul Karim, Executive Director of Abdul Razak Holdings, Negara Brunei Darussalam.

The second Keynote Speaker by YM Pehin Dato Haji Awang Abdul Rahman
on Islamic Asset Management Issues & Concern

There were two keynote addresses delivered at IDMAC 2015. On the first day, the keynote address was delivered by Associate Professor Dr. Zakaria Bahari on Understanding Islamic Asset Management while the second keynote address was delivered by Yang Mulia Pehin on Islamic Asset Management: Issues & Concerns on the last day of IDMAC 2015.

Capturing the enthusiasm displayed by some presenters 

A total of 56 papers were presented ranging from topics on Islamic Asset Management with the focus on five key areas encompassing Waqf, Zakat, Islamic Banking and Finance, Takaful, Islamic Investment and Micro-Finance as well as Islamic Management.

Participants took the opportunity to listen to the
various papers presented at IDMAC 2015

Meanwhile, the presenters and participants for IDMAC 2015 came from within USM and other local universities such as Universiti Utara Malaysia (UUM), Universiti Teknologi Mara (UiTM), Universiti Pendidikan Sultan Idris (UPSI), and a few foreign universities such as Universiti Islam Sultan Sharif Ali (UNISSA) of Brunei Darussalam, Universitas Sumatera Utara (USU) and Universitas Medan Area (UMA) of Medan, Indonesia, Universitas Airlangga (Surabaya), Universitas Muhammadiyah Jember (Jember), Sekolah Tinggi Ilmu Ekonomi (STIE) Mandala and Isa Kaita College of Education, Nigeria.

Some of the participants from foreign universities

The closing remark for the conference was given by USM Vice Chancellor, Professor Dato’ Dr. Omar Osman. He congratulated ISDEV for the successful organisation of the conference and expressed the need for such a conference to be continued. IDMAC provide the researchers the opportunity to present research findings, discuss and exchange views and ideas as well as to promote research on Islam.

USM VC - Prof Dato' Dr. Omar Osman officially declared
the close of IDMAC 2015

Prof. Dato' Dr. Omar also suggested to ISDEV to organise the 10th edition of IDMAC (IDMAC 2016) with a focus on sustainable development. This is in view of the need to study on sustainability as something that is omnipresent currently. He hoped that ISDEV could be the pioneer in carrying research on sustainability based on Islamic precepts and principles based on the elements contained in the Quran and Al -Hadith. He expressed his confidence of ISDEV ability to organise IDMAC 2016 and to attract more researchers to present their papers at the next sitting. Prof. Dato' Dr. Omar at the end of his remarks officially declared the close of IDMAC 2015.