PROGRAMME ABSTRACT BOOK

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6 th International Conference on Islamic Jurisprudence 2017 (ICIJ2017) “Towards Maqasid-Base Good Governance in Policies and Management from Wasatiyyah Perspective” Humans are not machines; they do have needs and feelings. To get best of them, one has to at least adjust and to recognize their needs and feelings(Q 3: 15). Without such a diligent step, the overall output of any organization will continue to retrogress steadily. Human resources managers at times strive to make sure that employee wages and remuneration are duly compensated. Public relations practitioners on the other hand, show concern over employee relations with their respective organizations. Survey findings of most industrial actions in both private and public organizations reveal the growing dissatisfaction of the employees and the contradictory position of the employers/ organizations. An attempt is made in this submission to employ the principles of Maqasid al Shari’ah “Higher Goals of Islamic Law” in managing employee relations through ensuring their well-being (as defined by Islamic Higher Goals; protection of aql, progeny, wealth and human dignity ) and in-turn making the organizational productivity higher and more qualitative (through the principle of itqan in Islam ). Gruing Symmetrical model of organizational communication embedded in Maqasid-based Employee Relations shall guarantee PR practitioners and managers develop a leadership self-efficacy leading to greater productivity of their respective organizations. Keywords: Public Relations, Human Resources Management, Maqasid-Based Employee Communication Symmetrical Model. GLOBAL PERSPECTIVES ON AML/CFT RISKS IN ISLAMIC BANKING INSTITUTIONS: FACT OR FALLACY? Nasir Maruf Adeniyi Ahmad Ibrahim Kuliyyah of Laws International Islamic University Malaysia nasiradeniyimaruf@gmail.com Dato’ Ng See Teong Institute of Islamic Banking and Finance International Islamic University Malaysia ika_law02@yahoo.com Prof. Dr.Norhashimah Mohd Yasin Ahmad Ibrahim Kuliyyah of Laws International Islamic University Malaysia norhashimah@iium.edu.my AML/CFT and other related predicate offences remain a major threat to financial flow of every nation. It is a menace with great potency of tearing into shred any country’s financial and economic stability. It is equally capable of undermining macroeconomic performance and therefore, constitutes a very big risk to both soundness and stability of any financial institutions. No Financial Institutions is spared from being vulnerable and its risk to the international flows volatility becoming more increased. Foreign direct investments are ,therefore, adversely affected and despite these enormous problems that ML/CFT has caused globally, it is worrisome that the risks which it poses to Islamic Finance unlike that of capitalist economy and other conventional banking institutions attracted little or no critical study particularly as it affects the Islamic Banking Institutions. This altitude gives impression that Islamic Finance which is grounded in Shariah is either filled with principles that are not in line with AML/CFT legislation and regulatory regime or is anti -AML/CFT. The resultant effect of this is unnecessary hostility to Islamic Financial product which of course appears not to be in 62
6 th International Conference on Islamic Jurisprudence 2017 (ICIJ2017) “Towards Maqasid-Base Good Governance in Policies and Management from Wasatiyyah Perspective” the interest of global economy. This paper, therefore, focuses on the relevance of Shariah to AML/CFT principles by using doctrinal method of research to bring out the correlations. The starring revelation is that while no Financial Institutions is immune from laundering, the risks-sharing nature of Islamic Finances make it to pose less systemic risk than conventional finance. AML/CFT laws are not at variance with Shariah and it is, therefore, recommended that FATF the body that is saddles with regulatory policies to combat money laundering should create room for studies of potential ML risks posed to Islamic Finance. Keywords: Money Laundering; Islamic Finance, Islamic Banking and Sharia. IMPACT OF MAQASID AL-SHARIAH FOR ETHICAL DECISION MAKING AMONG SOCIAL ENTREPRENEURS Dr. Suhaimi Mhd Sarif Department of Business Administration International Islamic University Malaysia suhaimims@ium.edu.my Dr. Yusof Ismail Department of Business Administration International Islamic University Malaysia yusof@iium.edu.my Zaliza Azan Department of Business Administration International Islamic University Malaysia zalizaazan2692@yahoo.com Ethical decisions manifest the protection and preservation of benefits and rights of business stakeholders. The mainstream practice is based on conventional ethical principles. The use of Maqasid al-Shariah is limited to Shariah compliant enterprises due to the industrial requirements or the need to gain competitive advantage. The unique model operations of social enterprises that combines for-profit and not-forprofit objectives has elements of Maqasid al-Shariah for ethical decision making. Based on personal interview with social entrepreneurs, the use of Maqasid al-Shariah is related to the wellness, welfare, and wellbeing of social enterprises and the key stakeholders. The results of the study suggest that there is intermediate impact in terms of triple bottom line and stakeholders’ approach to ethical decision making of social entrepreneurs. The study suggests the use of case study method for future research. REALIZING THE DEGREE OF SUFFICIENCY (HADD AL-KIFAYAH) IN THE STANDARD OF LIVING FOR THE MEMBERS OF THE SOCIETY: A MAQASIDIC PERSPECTIVE Dr. Asma Akli Ahmad Ibrahim Kulliyyah of Laws International Islamic University Malaysia akliasma@iium.edu.my 63 Dr. Bachir Soualhi Kulliyyah of Islamic Revealed Knowledge & Human Sciences International Islamic University Malaysia ' The leading economic policies and regulations seek to look for strategies and dealings that help to find solutions and definitions to overcome economic problems and raise the standard of living for the members of the society. People’s needs should be fulfilled in
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PROGRAMME ABSTRACT BOOK

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