Universitas Islam Negeri Syarif Hidayatullah Jakarta, Jl. Ir. H. Djuanda, Cempaka Putih, South Tangerang City, Banten, Indonesia
International Conference on Islamic Finance, Economic and Business
By Faculty of Economic and Business of Syarif Hidayatullah State Islamic University Jakarta
29 Oct 2018 - 30 Oct 2018
Event Details
Today’s society are becoming more and more accustomed to digital technology. For example, a large number of business across all sectors are now seeing digital transformation as a top priority for survival in the next five years. In the financial services sector, this is becoming ever more evident. Digital disruption is occurring at every level in the banking industry. Traditional banks are having to work hard to transform themselves into fully digital organisations. From new technology to new competition to heightened customer expectations. Banks must now think in new and innovative ways, or risk becoming a mere back-office utility. Nowadays, 84 percent of the top 50 banks in the world—as well as startups and fintechs—to address digital disruption and implement a digital transformation agenda that enables banks to be relevant at all times, with consistent and fulfilling customer experiences in both the digital and physical spaces. At the same time, we are witnessing that the Islamic finance began to represent a meaningful share of global financial activity.
There are several encouraging trends that could contribute to further growth in the industry. The prominence of responsible finance, impact investing, and the United Nations’ Sustainable Development Goals in recent years has led to greater awareness of Islamic finance as they share objectives in creating an equitable financing system that has a positive impact on society. There is also growing demand for Islamic finance in non-Muslim countries, fuelled by individuals and corporations seeking safe and ethical banking solutions. Asian financial powerhouses such as Japan, South Korea, Hong Kong and China with established conventional banking foundations have shown interest in developing Islamic banking markets, creating further opportunities for Islamic institutions to tap into.
There remains great potential for further growth in Islamic finance through the development of a wider ecosystem of offerings for clients and customers. The rise of fintech (financial technology), though regarded as an industry disruptor, presents huge potential for innovative partnerships and developments in areas such as regulatory technology, P2P takaful platforms, automated Islamic wealth management portals, or online remittance platforms in compliance with the concept of Bay al-Sarf, among others. Although digital technology could be the solution for innovation to customer demand on flexibility and on the go banking as standard. Digital technology and its revolution is also another issue of challenge faced by Islamic finance and banking industry.
The Faculty of Economic and Business of Syarif Hidayatullah State Islamic University Jakarta is organizing the 2nd International Conference on Islamic Finance, Economics and Business. The forum will be attended by International and national researchers to present their research result related to the issue on Islamic Finance, economics and business and digital revolution.
THEME INTERNATIONAL CONFERENCE“Islamic Banking and Finance in the Era of Digital Revolution”
OBJECTIVE1. To provide a forum for academics on Islamic economic and financial to discuss current issues related to Islamic economics and finance.2. To provide a forum for academics to publish their scientific work in Internationale and national reputable journals.