Sunday, July 17, 2016

Launching of the Mindanao Halal Holding Corporation

The Accounting Research Institute (ARI) reaches another milestone when it was invited by Mr Amanoding Ismail, the President of the Philippines Association of Islamic Accountants (PAIA) to participate in the establishment of a new investment holding company in the Philippines.  The soft launch of the Mindanao Halal Holding Corporation (MHHC) was recently invited to become one of MHHC's International Board of Directors.  The creation of the MHHC is the outgrowth of a deep study of the potential growth in the Southern Philippines whose development had long been overdue and marked by neglect.  MHHC positions itself as a primer investing channel for overseas and local capital, by identifying areas of rapid growth, and nurturing basic livelihood and transforming little markets into community-sized ones according to Islamic tenets and international ethical standards. 
Beside involved in business activities, MHHC will be promoting Islamic Finance, Zakat, Waqaf, social business and Islamic microfinance in the Philippines.  As a partner, ARI will have a great role to play in the Philippines, both in terms of providing trainings in Islamic Financial Criminology as well as participating in international research programmes.  The launching of the event was graced by the Chairman, Board of Accountancy, Professional Regulation Commission Philippines, Hon. Joel Tan-Torres.  During the event, Professor Dr Normah Omar from the Accounting Research Institute ARI was a guest speaker and presented a paper titled ""Potential Implications of the ASEAN economic community on islamic Finance Industry". 

Saturday, July 16, 2016

ARI International Collaboration with PICPA and PAIA

The globalization agenda of the Accounting Research Institute (ARI) will reach another level when it collaborates with two professional organisations in the Republic of Philippines - the Philippines Institute of Certified Public Accountants (PICPA) and the Philippines Association of Islamic Accountants (PAIA) in July 2016.  ARI Director, Professor Dr Normah Omar and Deputy Director Associate Professor Dr Roshayani Arshad were recently invited to the "Joint Induction of Officers and New Members" at the Mallberry Suites Business Hotel, Cagayan de Oro City in Mindanao, Philippines.  During his visit to ARI early this year, Mr Amanoding Ismail, PAIA President indicated his interest to collaborate with ARI in training PAIA members in the areas of Islamic Finance and Financial Criminology.  During the induction event, two more professional associations were launched in the Philiipines - International Council of Islamic Finance Educators and ASEAN Federation of Islamic Accountants.  During the collaborative meetings in Cagayan de Oro City, it was decided that an international conference - International Conference on Islamic Economics and Finance with the theme :Human Capital Development in the Islamic Finance Industry will be held in Manila in February 2017.

Wednesday, July 13, 2016

ARI Welcomes our new Research Fellow

The Accounting Research Institute (ARI) welcomes our latest addition, Associate Professor Dr Ayub Md Som from the Faculty of Chemical Engineering.  Dr Ayub research interests are in the areas Process Systems Engineering, Expert Systems Modelling, Multi-Parametric Programming and Model Based Predictive Control. Dr Ayub will be a welcome addition to ARI as he can help develop a Decision Support System for ARI's niche research in Islamic Financial Criminology (IFC).  ARI's research in Islamic Financial Criminology is currently conducted through four strategic clusters: Islamic-Based Value Creation products and governance; Corporate Integrity and Risk Management; Anti Money-Laundering Regime and Fraud Detection Methodologies.  The development of a Decision Support System  will integrate the four clusters and digitize the various research products for ease of commercialization.