KULLIYYAH OF ECONOMICS AND MANAGEMENT SCIENCES
Department of Economics
Kulliyyah of Economics and Management Sciences
International Islamic University Malaysia
P.O. Box 10, 50728 Kuala Lumpur
Telephone : +603 6196 4763 /4770/4769/4768
Fax : +603 6196 4850
Department of Economics
The Department of Economics offers programmes of study leading to Bachelor of Economics (Hons), Master of Economics and Ph.D. in Economics degrees.
Undergraduate courses offered by the department seek to develop in students an ability to think critically from a firm grounding in the sources of Islam in order to contribute to efforts to apply divine guidance to the understanding and direction of contemporary economics activities. The Bachelor of Economics program provide a foundation for employment in the relevant field or further studies at the postgraduate level while allowing each student to explore subfields of the disipline.
A student is strongly encouraged to select some of his or her elective courses from other departments and kulliyyahs in order to gain a breadth of knowledge that will enable him/her to play an effective role in society. A student is also encouraged to do practical training after the completion of six semesters of the programme. The practical training that is satisfactorily completed will appear on the student’s official transcript.
Head: Assoc. Prof. Dr. Mustafa Omar Mohammed
Phone: 03-6196 4649/4757
Fax: 03-6196 4850
| DEPARTMENT MEMBERS | LIST OF EXPERTS |
DEPARTMENT OF ECONOMICS LINE-UP FOR THE YEAR 2019
ASSOC. PROF. DR. MUSTAFA OMAR MOHAMED
DEPARTMENT OF ECONOMICS
ROOM NO. 220
PROF. DR. ROKIAH ALAVI
ROOM NO. 228
PROF. DR. ZARINAH HAMID
IIUM JOURNAL OF ECONOMICS,
MANAGEMENT AND ACCOUNTING
ROOM NO. 224
ASSOC. PROF. DR. RAFIA AFROZ
COORDINATOR FOR POSTGRADUATE PROGRAMME
ROOM NO. A222
ASSOC. PROF. DR. MOHD MAHYUDI BIN MOHD YUSOP YUSOP
COORDINATOR FOR ISLAMISATION, KENMS
ROOM NO. 240
DR. MOHD. NIZAM BAROM
CENTRE FOR ISLAMIC ECONOMICS (CIE), KENMS
ROOM NO. 217
DR. IZYANI ZULKIFLI
BACHELOR OF ECONOMICS &
PRACTICAL TRAINING COORDINATOR
ROOM NO. 239
DR. HUSNA JAMALUDIN
ENM PROGRAMME, KENMS
ROOM NO. 205
Roundtable Discussion on the Role of Islamic Social Finance in Funding Sustainable Development Goals
The 9th of July 2019 was as busy a day as it was important for the department of Economics, for this was the day a roundtable discussion between key stakeholders was co-organized by the department. The event had a full-house audience attended by practitioners, academicians, researchers and students.
The roundtable discussion, initiated by a speech by our very own rector, Tan Sri Dato’ Prof. Emeritus Dr. Dzulkifli Abdul Razak, and a keynote address by Tan Sri Dato’ Azman Mokhtar, was followed by two separate roundtable discussions that focused on how IIUM may collaborate with commercial banks and the UN, for financing Sustainable Development Goals (SDGs) in line with IIUM’s Flagship Programs in its 2019 Roadmap.
The discussions involved key personalities from different facets of the Malaysian economy (economics, finance, education, environment, and the UN) including Dato’ Seri IR. Prof. Dr. Zaini Ujang, Tan Sri Prof. Emeritus Dr. Zakri Abdul Hamid, Mr. Niels Knudsen, Prof. Dr. Ashraf Md. Hashim and Tuan Syed Alwi Mohamed Sultan. Also part of the roundtable discussions, were our own Assoc. Prof. Dr. Irwan Ariffin, who brought in the Shariah dimension of SDGs, and Assoc. Prof. Dr. Haniza Khalid, who moderated a roundtable session while representing IIUM and the UN’s perspective.
Issues raised included the extent to which CSR funds may be used for SDG-financing, the compatibility of the 17 SDG-initiatives with the Islamic value-system, Malaysia’s current status regrading SDG-implementation, the need for alternative sources of sustainable funding and how social financing may play this role. The issues raised initiated some heated discussions, but also brought different stakeholders closer in terms of their understanding the possibility of mutual benefit and cooperation. In this sense, the roundtable discussions achieved its core objective.
The success of the first roundtable discussions is hoped to be the first of other discussions to come in future in order for IIUM to participate and contribute at a global level. It is the pleasure of the Department of Economics to play an active part in this process.
~ by Dr. Riasat Amin
Seminar by Assoc. Prof. Dr. Yusuf Saleem of INCEIF
On the 27th of June, the department of Economics was fortunate to have an open discussion session conducted by Dr. Muhammad Yusuf Saleem of the International Centre for Education in Islamic Finance (INCEIF), who was also previously an IIUM faculty member at our very own (Economics) department. The seminar cum discussion was titled “Contemporary Issues in Islamic Banking and Finance” and was attended by department faculty members, other faculty members and students.
The discussion focused on how Islamic financial development has become too centred on the existing forms of contemporary Islamic financial contracts, which has greatly narrowed the scope of Islamic Banking and Finance in general. Applying his in-depth knowledge of Islamic jurisprudence, Dr. Yusuf Saleem demonstrated how there was still a lot of leeway to further develop Islamic financial contracts into forms that inherently uphold risk and responsibility-sharing values between different contracting parties. Other key areas discussed were the social impact of sukuk and the role of Islamic social finance as a means to address shortcomings in the status quo.
Several challenges were brought forth in the form of questions throughout the discussion, including how banks can be incentivised to financially engineer products that are more cognisant of social responsibility. The seminar ended with the identification of future research areas for Islamic banking and finance, and tea, over which a more informal rapport between all the participants ensued. During this time, it came to light that Dr. Muhammad Yusuf Saleem would be joining the Afghanistan Central Bank as the Director of Islamic Finance. We, at the department of Economics would like to wish him all the best in his future undertakings.
Finally, we hope that we are able to organize more such seminars as this particular one brought a refreshing focus to Islamic banking and finance as well as a renewed sense of purpose.
~ by Dr. Riasat Amin
Engagement & Discussion Session
The Association of Malaysian Economics Undergraduates (AMEU) in collaboration with the Academic Staff Association (ASA) of IIUM, the Bachelor Of Economics Council IIUM and the Bachelor of Business Administration Council IIUM, co-hosted an engagement session titled "The State of the Labour Market in Malaysia" with the Member of Parliament for Johor Bahru YB Akmal Nasir.
The programme was held on the 3rd of May, 2019.
TO 2019 IIUM TAKRIM DAY AWARD RECIPIENTS
24 JULY 2019
ASSOC. PROF. DR. RAFIA AFROZ
Highest Citation in Indexed Journal Award (Social Sciences)
ASST. PROF. DR. MOHAMED ASMY BIN MOHD THAS THAKER
Highest Number of Publications Award (Indexed Journal Articles)
May you have many more years of success and greater achievements!