Leading Malaysian Minister visits the University

Posted on Monday 6th June 2016
Asyraf Wajdi Dusuki

Professor Mohammed Abdel-Haq, The Director of The Centre for Islamic Finance at the University of Bolton was delighted to welcome Senator Dato Dr Asyraf Wajdi Bin Dato Dusuki, Deputy Minister in the Malaysian Prime Minister’s department, as the latest speaker in their series of lectures.

Dr Dusuki spoke on the topic of ‘Governance and Sharia compliant framework in Islamic Finance’, looking at how the industry began and how it can expand in the future.

In the lecture to staff and students he gave an overview of the origins of Islamic finance, charting its development in Malaysia and other countries.

Dr Dusuki is well known and respected in the world of Islamic finance, as he helped develop the policies of the Sharia and the fundamentals of Islamic finance to Bank Negara Malaysia.

He is a graduate of the International Islamic University Malaysia (IIUM) and also has a degree in Economics, Banking and Finance and Ph.D in Islamic Banking and Finance from Loughborough University.

Dr Dusuki became the Shariah advisor and consultant on Islamic Finance for institutions including the Maldives Capital Market Development Authority, Allied Insurance Maldives Pvt Ltd and Price Waterhouse Coopers Malaysia.

In 2011, he was named the ‘the most upcoming personality in Islamic finance’ at the Oman Islamic Economic Forum.

Dr Dusuki analysed the governance, activities, partnerships and ethical issues surrounding Islamic finance and considered how the Islamic financial system can be an alternative to conventional financial practices.

Closing the event, Vice Chancellor, Prof George Holmes thanked Dr Dusuki for his enlightening lecture.

The Centre for Islamic Finance at the University of Bolton, which was launched in 2012 has PhD students from around the world and in January 2016 launches its MBA in Islamic Finance on both a full-time and part-time basis.  It is supported in its work by an International Advisory Board, drawn from highly respected academics and businessmen and women.

The Centre works in collaboration with other financial and academic institutions to encourage high quality research and to promote the understanding of Islamic finance through lectures, conferences and short courses.

It has welcomed numerous industry leaders to speak at the University this year, including Chief Executive of High Speed Two (HS2), Simon Kirby, leading authority on the Magna Carta, Professor Nicholas Vincent, Chief Executive Officer of the International Integrated Reporting Council (IIRC), Paul Druckman, one of the world’s leading security, cybercrime and fraud experts, Don Randall MBE, Pope Francis's diplomatic representative in Britain, His Excellency Archbishop Antonio Mennini and most recently Global Business Development Director of the Chartered Institute for Securities & Investment (CISI), Kevin Moore.