Babson College returns for another session on IF

Kuala Lumpur, 12 Jan 2016 : Islamic finance as practiced in different domicile and for reasons other than religious obligation were some of the topics discussed by a panel of INCEIF alumni/ student for the benefit of students from Babson College, USA. A lively Q-and-A following the `Islamic finance as practiced in my country’ presentation saw the audience and panellists discussing – among others – reasons behind the steady rise of Islamic finance, inflation according to Islamic finance, and differentiating profit and interest rate.

CIMG2254 copyThe Babson College group posing with INCEIF alumni/ student.

The 20 undergraduates from Babson College was led by Prof James Hoopes, Murata Professor of Business Ethics at Babson College. This is the fifth such visit to INCEIF organised by Prof Hoopes for his entrepreneurship faculty students, though it was the first time that INCEIF alumni got to share their perspective on IF in their respective country. The alumni were Malaysian Syed Adam Alhabshi, Shariah Manager at Malaysian Industrial Development Finance Berhad;  Sudanese Dr Omaima Eltahir Babikir Mohamed, Asst. Professor & Programme Director at Universiti Tun Abdul Razak Malaysia; and Japanese Masumi Hamahira, Advisor, Islamic Banking Window at Bank of Tokyo-Mitsubishi Malaysia. Joining them is Iranian Amir Abbas who is currently a PhD candidate at INCEIF.

Every year, for the last 4 years, a group of students from Babson College comes to Malaysia for an international immersion course called ‘Social Responsibility in Malaysia’. Babson College’s entrepreneurship education is ranked No. 1 in the world and social responsibility, including ethical finance, is part of the topics taught.

“I hope that the world will continue to learn more about Islamic finance and that the small gestures we make in teaching its rudiments at Babson College will be increased. I know that our students profited greatly from this afternoon’s discussion,” said Prof Hoopes.

Share this post