The Accounting Research Institute (ARI) held a one-day strategic planning workshop at the Grand Blue Wave hotel today. Attended by all fellows,the workshop discussed among others strategic actions for four main research clusters for 2015 - 2018. The four research clusters already identified are: (i) Islamic-based Business Model in Enhancing Good Governance and Wealth Creation, (ii) Corporate
Integrity, Ethics and Risk Management, (iii) Anti-Money
Laundering Mechanisms to Mitigate Financial Leakages and (iv) Methodologies
in Financial Fraud Detection and Prevention. The four research clusters support ARI's niche research agenda in Islamic Financial Criminology. Islamic Financial Criminology (IFC) is a pioneering research
area introduced by the Accounting Research Institute (ARI) in 2010 when it was
accorded the Higher Institutions’ Centre of Excellence (HICoE) status by the
Ministry of Education Malaysia. IFC then
became the niche research agenda that ARI, as a HICoE needs to drive. The chosen niche research in IFC is in tandem
with Malaysia’s vision to become a Global Islamic Finance Hub by 2020. IFC
as a concept encompasses two main domains namely Islamic Finance and Financial
Criminology. ARI believes that to
develop a sustainable Islamic Finance Hub, Malaysia must continue introducing
new Islamic finance products as well as be mindful of the potential risks of
financial crimes that could retard the growth of the Islamic Finance
sector. When developing a sustainable
Global Islamic Finance Hub, there are various strategic aspects that must be
considered: continuous development of new Islamic Finance products; the
establishment of good ethics, integrity and governance measures and the
development of financial fraud mitigation mechanisms. Thursday, September 3, 2015
ARI's Strategic Planning Workshop
The Accounting Research Institute (ARI) held a one-day strategic planning workshop at the Grand Blue Wave hotel today. Attended by all fellows,the workshop discussed among others strategic actions for four main research clusters for 2015 - 2018. The four research clusters already identified are: (i) Islamic-based Business Model in Enhancing Good Governance and Wealth Creation, (ii) Corporate
Integrity, Ethics and Risk Management, (iii) Anti-Money
Laundering Mechanisms to Mitigate Financial Leakages and (iv) Methodologies
in Financial Fraud Detection and Prevention. The four research clusters support ARI's niche research agenda in Islamic Financial Criminology. Islamic Financial Criminology (IFC) is a pioneering research
area introduced by the Accounting Research Institute (ARI) in 2010 when it was
accorded the Higher Institutions’ Centre of Excellence (HICoE) status by the
Ministry of Education Malaysia. IFC then
became the niche research agenda that ARI, as a HICoE needs to drive. The chosen niche research in IFC is in tandem
with Malaysia’s vision to become a Global Islamic Finance Hub by 2020. IFC
as a concept encompasses two main domains namely Islamic Finance and Financial
Criminology. ARI believes that to
develop a sustainable Islamic Finance Hub, Malaysia must continue introducing
new Islamic finance products as well as be mindful of the potential risks of
financial crimes that could retard the growth of the Islamic Finance
sector. When developing a sustainable
Global Islamic Finance Hub, there are various strategic aspects that must be
considered: continuous development of new Islamic Finance products; the
establishment of good ethics, integrity and governance measures and the
development of financial fraud mitigation mechanisms. 
