The International Islamic Accounting and Finance 2012 (IIAFC 2012) started today with a PhD colloquium. IIAFC 2012 is a knowledge creation platform initiatiated by the Accounting Research Institute (ARI) in its effort to promote its research niche in Islamic Financial Criminology. The conference is co-organized by Universiti Teknologi MARA (UiTM), Universitas Islam Indonesia (UII) and Aston University, United Kingdom. The first Islamic Accounting and Finance conference was organized by UII in Jogjakarta in 2011. Following an MOU between UII and UiTM which was signed in 2011, ARI undertakes the responsibility to host the second conference in Kuala Lumpur, Malaysia. Themed "Steering Inovation and Competitiveness in a Dynamic Economy: New Frontiers, New Lessons", the conference hopes to document various industry updates and research findings related to Islamic Financial Criminology. Essentially, there are are two very important aspects of research domains in Islamic Financial Criminology: Islamic Finance/Accounting and Financial Criminology. Thirteen PhD students who are currently undertaking their PhD research in Islamic finance presented their research progress. Both local and international Islamic Finance scholars have been appointed as panel experts for the colloquium. IIAFC 2012 is divided into two main components - a Phd Colloquium on the first day, followed by a two-day conference. The conference has attracted more than 200 participants from 22 countries: United Kingdom, United States of America (USA), Australia, Germany,
Japan, Kuwait, Turkey, Philipines, Nigeria, Iran, Indonesia, Thailand, Bosnia
Herzegovina, Myanmar, Brunei, Egypt, Saudi Arabia, Malawi, Pakistan, Senegal, Czechoslovakia and Malaysia.