Islamic capital: a question of trust
UEL has hosted a two-day Islamic finance conference – the first international and interdisciplinary conference of its kind.
“Trust and Islamic Capital” took place at University Square Stratford (USS) where various speakers and scholars delivered key addresses about Islamic capital.
UEL, already the leader in Islamic development law and lead partner with the United Nations for providing global training on Islamic land law, worked with Muslims Trust and Cultural Dialogue (MTCD) to make the event a success. The conference partnered with the University of Virginia (USA) and Islamic Finance, Law & Communities Centre UK.
Since 9/11 Muslim communities around the world have faced growing levels of mistrust. The conference sought to examine how trust in the broadest sense is conceived between different communities, especially between Muslim and non-Muslim communities. One of the main concepts underpinned by trust is that of capital. Thus participants looked at capital, and specifically Islamic capital, as the vehicle through which to explore and understand trust.
“Trust is a huge question,” said conference convenor Rula Al-Abdulrazak, Senior Lecturer and Programme Leader, Branding and Global Marketing, at the School of Business and Law. “The conference looked at how you build and create trust and make it happen across communities through business transactions. But it goes beyond the success of a business. It’s about how the success of a business makes a difference between relationships and trust among communities.”
Various talks and workshops honed in on Islamic capital values, businesses, brands, markets and entrepreneurship.
“The conference buzzed with participants sharing ideas, business cards and fruitful conversations as well as planning future collaborations,” said Rula. “It exceeded all expectations and was a great success.”
Later this year UEL will be hosting a major event focusing on the challenges and opportunities arising out of the rapidly rising Islamic finance portfolio. Expanding the talent pool and looking at quality of expertise, research, training, products and thinking in this field will be explored. It will be the first such mixing of best practices and various global leaders are set to participate.
Notes to Editors
The University of East London (UEL) is a global learning community with students from over 120 countries world-wide. Our vision is to achieve recognition, both nationally and internationally, as a successful and inclusive regional university proud of its diversity, committed to new modes of learning which focus on students and enhance their employability, and renowned for our contribution to social, cultural and economic development, especially through our research and scholarship. We have a strong track-record in widening participation and working with industry.