
Higher Institutions' Centre of Excellence MALAYSIA: Driving Research in Islamic Financial Criminology & WINNERS OF GLOBAL ISLAMIC FINANCE AWARDS 2014,2015, 2016 & 2017; ACQ GLOBAL AWARDS 2015 & 2016 and ASEAN Risk Management Award 2016 & 2017; Global Good Governance Awards 2017
Thursday, December 31, 2015
Oversight Panels of MACC

Sunday, December 27, 2015
Role of Universities in the Fight Against Corruption
This is an interesting excerpt from University World News titled A ‘whole-of-university’ approach: Role of Universities to fight corruption
It is important to highlight that, at university level, curricula typically lack components that would contribute to a non-tolerance of such conduct. There are good reasons for higher education to take on these challenges.
- First, on a global level, corruption is considered one of the major obstacles for meaningful democracy, economic wealth and human well-being.
- Second, apart from direct costs, both petty and grand corruption erodes social trust and contributes to reinforcing dysfunctional norms in a society. As social trust is needed in most undertakings of collective action, this can in turn undermine the ability of states to collect taxes.
- Third, societies governed by corrupt systems and unethical norms provide a breeding ground for economic crisis. Whatever the underlying causes of economic and financial crisis, many governments react by introducing austerity measures.
The combination of crisis and austerity is likely to amplify unemployment, poverty and inequality, which in turn – directly or indirectly – may lead to increased morbidity, mortality and human suffering. Adding to that, austerity measures often strike particularly hard against those unconnected with the causes of the crisis, which may further lead to an erosion of both trust and legitimacy in our democratic institutions.
From the numerous interactions from which we infer our trust in others, it is clear that reaching out only to students of law and public policy will fail to have the desired effects. To name but a few: your banker is likely to be an economist; engineers are often central in public procurement; doctors, nurses and administrators alike are all points of contact in the health sector.
Thus, for universities to optimise their roles as drivers of change towards social capital, health and well-being, a ‘whole-of-university’ promotion is needed. Recognising the university sector’s potential, as well as its responsibility to help shape the moral contours of society for the better, we ask institutions of higher education to:
- Teach teachers to encourage and facilitate the incorporation of ethics issues within their classes.
- Appreciate the opportunity to shape professional identities, which set the boundaries of future acceptable behaviour.
- 'Talk the talk' and 'walk the walk' – that is, in addition to educating on ethical behaviour it is crucial that universities – as agents providing a public good – themselves act accordingly, ensuring impartiality in teaching, student assessment and research and that matters regarding awards of degrees, employment and promotions are based on transparent and objective criteria.
Endorse a cross-faculty approach to include components of ethics and anti-corruption in curricula.
http://www.universityworldnews.com/article.php?story=20141113110707222
Sunday, December 20, 2015
Research Projects for 2016
smuggling. Meanwhile, the Methodologies in Financial Fraud Detection and Prevention research cluster showcases five projects, all involving the use of ICT and other computerized technologies to detect and predict the occurrences of financial fraud. One research project led by Professor Dr Takiah specifically examines the behavioural aspects of fraud and fraudsters.
Saturday, December 19, 2015
ARI Research Retreat
Tuesday, December 15, 2015
International Conference on Islamic Economics, Governance and Social Enterprise - Day 2
Day 2
Day 2 of IConIGS 2015 started with more participants presenting in parallel sessions. After the morning break, Professor Rafiqul Islam Molla, Advisor to the Islamic International University Chittagong, Bangladesh presented a special paper on Social Enterprise Economics. the voluntary sector or community sector (also non-profit sector or "not-for-profit" sector)
is the duty of social activity undertaken by organizations that are not for-profit and non-governmental. This sector is also called the third sector in contrast to the public sector and the private
sector. Civic sector or social sector are other terms for the sector,
emphasizing its relationship to civil
society. Following Professor Molla's special address, there was a plenary session. Moderated by Prof Dato' Dr Mustafa Mohamed Hanefah, the session was facilitated by two plenary speakers, namely Mr Md Khairuddin Hj Arshad, Chief Operating Officer of Bank Rakyat, Malaysia and Mr Zainal Abidin, Director of Social Enterprise Dompet Dhuafa, Indonesia. Whilst Mr Khairuddin discusses the role of the financial sector in enhancing the development of social enterprise; Mr Zainal Abidin shares his personal experiences in the setting up of social enterprise economics. Later in the afternoon, participants were invited to participate in an Office Bearer meeting, to discuss the association's activities for the next two years. Participants were reminded that the Social Enterprise economics, together with micro-finance, non-profit organisations and the cooperatives constitute main components of the third sector. Note that, in general,
Monday, December 14, 2015
International Conference on Islamic Economics, Governance and Social Enterprise - Day 1
Day 1
A two-day International Conference on Islamic Economics, Governance and Social Enterprise (IConIGS) 2015 was successfully held on 14-15 December, 2015 in Melaka City, Malaysia. The conference is jointly organized by the Accounting Research Institute (ARI) & Zakat Research Institute (IKaZ) of Universiti Teknologi MARA Malaysia; International Islamic University of Chittagong, Bangladesh; Universiti Sains Islam Malaysia (USIM), Universitas Islam Negeri Maulana Malik Ibrahim, Malang, Indonesia; University of Riau, Indonesia; Malaysian Accountancy Research and Education Foundation and Universiti Sultan Zainal Abidin (UniSZA), Malaysia. The main aim of the conference is to bring together academics, practitioners and industrial experts to a common forum on the issue of social business, social enterprise, non-profit organizations and development of philanthropy. The conference provides an excellent opportunity for exchange of ideas and information among researchers, academicians, practitioners and students. The conference is expected to provide meaningful findings and recent updates on the issues of social business, social enterprise and non-profit organizations in general. Following last year's conference decision in Chittagong, Bangladesh, an International Association of Social Enterprise Economics (IASEE) was established and registered in Malaysia. IASEE was launched by Melaka State Exco, Y.B. Datuk Wira Latiff bin Datuk Thamby Chik after the official opening ceremony at the Avillon Hotel Melaka. Prior to the opening event, representatives of the main organisers and sub-organisers gave short speeches about their universities and research centres.
Sunday, December 6, 2015
ACCA MaSRA Award 2015
Axiata Group beat 50 other participants in the competition, which is in its 12th year. The competition is supported by TalentCorp and endorsed by Bursa Malaysia. Out of the 51 organisations which took part, 20 were shortlisted with the final winners decided by a panel of judges led by Securities Commission Malaysia’s executive director of market development Goh Ching Yin. Axiata’s report impressed the judges for the level of disclosure, which is seen to be robust and showed a good understanding of sustainability-related risks in their operations across various countries, which each have different sustainability reporting requirements. Beyond reporting, the company also put in place policies and practices for not only its Malaysia operations but the group as a whole to ensure sustainable practices are adopted globally. Minister in the Prime Minister’s Department Senator Datuk Seri Abdul Wahid Omar presented the awards at a ceremony attended by 250 business leaders and guests.
Saturday, December 5, 2015
MIA Symposium with BOD
Thursday, December 3, 2015
On Site Training
Wednesday, December 2, 2015
BPKP-STAR Seminar with Professionals
Tuesday, December 1, 2015
Academic Symposium UiTM Kelantan
Monday, November 30, 2015
Welcome BPKP-STAR Program
Sunday, November 29, 2015
Social Responsibility Contribution to the Homeless
The Accounting Research Institute (ARI) congratulates our fellow Professor Dr Nafsiah Mohammed for doing a great social responsibility contribution to the needy. Prof Dr Nafsiah who is also currently the caretaker of the Rumah Amal Cahaya Tengku Ampuan Rahimah (Ractar), Subang Jaya, together with her students from the Faculty of Accountancy, Universiti Teknologi MARA and children from Ractar distributed foods to the homeless in Kuala Lumpur. The "Feed the Poor & Homeless Sessions" is essentially an informal program initiated by a group of random Malaysians from all walks of life who come together every once in a while to Feed The Poor & Homeless in the back alleys of our very own city, Kuala Lumpur. The program initially started with a small group of friends who wanted to do something and start the ball rolling so that more people would start their own feed the homeless sessions. Their aim was for more people to learn how to do it by joining them the first time so they could organize their own sessions in the future so more and more people would be aware of what they could do to help the less fortunate in the city, and together, make a difference. Congratulations and well done Prof Nafsiah and her team.
Saturday, November 28, 2015
ARI-PBBM Training in Dubai, Jeddah, Madinah & Mecca
After a very successful training in 2014, the Malaysian Association of Statutory Bodies (Persatuan Badan-Badan Berkanun Malaysia or PBBM) invited the Accounting Research Institute (ARI) to co-organize another training program for its members to Jeddah in Saudi Arabia. The 2nd Training titled "Islamic Practices & Development Training - IPDT- 2015" has attracted 25 participants from various statutory bodies in Malaysia. Two ARI fellows , Associate Professors Dr Zuraidah and Dr Jamaliah have been appointed by PBBM to facilitate the two-week training program. Included in the training programs, is among others, participation at an international conference in Dubai, visiting successful corporations in Saudi Arabia, interaction with successful Islamic Finance researchers and scholars, Sharing sessions and colloquiums by participants with government & research agencies as well as performing Umrah in Mecca. PBBM-ARI Training Collaboration has been very successful. Since 2012, ARI-PBBM has successfully organized professional training programs and site visits to New Zealand (forest & water management, tourism and public sector organisations), UK (Oxford University, Cambridge University, local authorities), Amsterdam (environmental management) and Saudi Arabia (Islamic finance, Islamic management, Wakaf & Zakat management). The focus of the training programs is through "hands-on" approaches where participants are exposed to real-life situations and they have the opportunities to participate in real-life solutions. IPDT 2015 runs from 23rd November to 7th December 2015. Next year, another training program has been planned for Bangalore, India. Participants will have the opportunity to visit IT Silicon Valley in Bangalore and learn about the traits of "out-sourcing" as a mushrooming industry in India.
Friday, November 27, 2015
NVivo Training at ARI
The Accounting Research Institute (ARI) thanks Dr Yuliansyah, from Universitas Lampong, Indonesia for accepting our invitation to provide research training to our research fellows and postgraduate students on the use of NVivo. Dr Yuliansyah is a qualified NVivo trainer and has conducted many NVivo training in Indonesia, Malaysia and in other universities in the Asian region. NVivo is a qualitative data analysis (QDA) computer software package produced by QSR International. It has been designed for qualitative researchers working with very rich text-based and/or multimedia information, where deep levels of analysis on small or large volumes of data are required. NVivo is used predominantly by academic, government, health and commercial researchers across a diverse range of fields, including social sciences such as anthropology, psychology, communication, sociology, as well as fields such as forensics, tourism, criminology and marketing.
Thursday, November 26, 2015
ARI Fellow at National Level Integrity Talk
Recently Dr Balkish delivered a speech on integrity at the Politeknik Merlimau in Melaka to a cohort of newly registered students at the polytechnic. Integrity is an important concept that must be embraced by the students. Currently Dr Balkish is also a member of ARI-IIM collaborative research on Corporate Integrity at the Workplace as well as one of the experts in the development of the "Corporate Integrity Questionnaire for Malaysian Statutory Bodies". Congratulations Dr Nor Balkish.
Wednesday, November 25, 2015
60 Years of CPA Australia
Monday, November 23, 2015
Highlighting Islamic Financial Criminology as a Developing Research Area
Thursday, November 19, 2015
ARI-CRMS Collaboration
Wednesday, November 18, 2015
ARI's Expertise and Keynote Speakers
Tuesday, November 17, 2015
Asian Academic Accounting Association Conference 2015
Thursday, November 12, 2015
National Integrity Convention

Friday, November 6, 2015
Courtesy Visit to Agro Bank
Tuesday, November 3, 2015
Corporate Integrity Activity of UDA Holding
The Accounting Research Institute (ARI) thanks UDA Holding for making the initiative to undergo the Corporate Integrity Assessment - a collaboration between the Malaysian Institute of Integrity and ARI. The assessment, using the Corporate Integrity Assessment Questionnaire (CIAQ) instrument was carried out early this year. A preliminary result has been presented to UDA's Corporate Integrity Department in September. Today, a formal presentation is made to the top management of UDA by ARI research team. UDA should be commended for taking a proactive measure to establish a Corporate Integrity Department for the company. Its integrity infrastructure has included the appointment of an Integrity Officer, the implementation of a "No Gift" policy and a Whistleblowing policy for the company. Also present at the event was UDA's Group Managing Director, Datuk Ahmad Abu Bakar.
Thursday, October 29, 2015
APMAA Conference 2015 - Cultural Visit

Wednesday, October 28, 2015
APMAA Conference 2015 - Day 3
The interesting aspect of the conference is the practice of appointing paper discussants for each of the conference paper. Authors and researchers are given a lot of opportunities to mingle and discuss their papers with renowned international professors. At the end of the day, all researchers want to find suitable avenue to publish their papers in reputable journals, and as such feedback from conferences such as APMAA 2015 is indeed valuable. Later in the afternoon, there were two more paper presentations - one by a management accounting practitioner and another from the Secretary General of the Ministry of Research, Technology and Higher Education Indonesia. Just before the closing ceremony of APMAA conference 2015, special awards were given to two best paper winners. Congratulations Nik Herda from Universiti Teknologi MARA for being the winner of Best Paper Award APMAA Conference 2015.
Tuesday, October 27, 2015
APMAA Conference 2015 - Day 2

Monday, October 26, 2015
APMAA Conference 2015 - Day 1
The PhD colloquium followed immediately after the workshop with 16 international PhD students and another special track for Indonesian students where presentations were in the Indonesian language. APMAA Conference 2015 made history with the highest number of PhD colloquium papers. The event was carried out in the newly renovated "Pascasarjana Building " of Warmadewa University. In the evening, Warmadewa University hosted a welcome conference dinner. A Memorandum of Understanding was then signed by the six host universities with the Asia Pacific Management Accounting Association. APMAA was represented by its 2015 President, Prof Dr Normah Omar
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