Bank Negara sets up syariah research academy

Bank Negara sets up syariah research academy
Published: 2008/03/28

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BANK Negara Malaysia (BNM) has set up the International Syariah Research Academy for Islamic Finance (Isra) to promote applied research in the area of syariah and Islamic finance.

A repository of knowledge for syariah views or fatwas, it will undertake studies on contemporary issues in Islamic financial industry.

"Isra will contribute towards strengthening human capital development in the areas of syariah and provide a platform for greater engagement amongst practitioners, scholars, regulators and academicians via research and dialogues, both in the domestic and international environment," the central bank said in a statement.

Isra also aims to promote innovation and dynamism into new boundaries of Islamic finance.



Isra, which will be part of the International Centre for Education in Islamic Finance (Inceif), will have a Council of Scholars, comprising eminent local and international syariah scholars.

Dr Mohamad Akram Laldin will be appointed executive director of Isra.

Currently, attached to the International Islamic University Malaysia, Mohamad Akram has done extensive research in the area of Islamic finance and has been actively involved in the global development of Islamic finance by being a member of several syariah committees.