Kuala Lumpur, 15 September 2009

SC names ex-IMF Director Dr Abbas Mirakhor as SC-UM visiting scholar for Islamic finance
The Securities Commission Malaysia (SC) today announced former IMF Executive  Director Dr Abbas Mirakhor as the second scholar under the SC-University of Malaya (UM) Visiting Scholar Programme on Islamic finance. 

An acclaimed economist himself, Dr Mirakhor will deliver a public lecture on 29 September and participate in other events lined up by the SC during his 3-week stint in Malaysia. He will also be attached with the UM, where he will deliver, assist in academic research and provide consultation on dissertations and thesis by postgraduate students.

His public lecture, entitled “Strengthening the Islamic Financial System: Lessons from the Crisis”, will focus on the need for a corporate governance structure to strengthen Islamic financial markets against systemic risk. He will also share his thoughts on the future direction of Islamic finance in the aftermath of the global financial crisis.

The lecture will be held at 9.30 am on 29 September 2009 at the Securities Commission in Bukit Kiara, Kuala Lumpur.

The SC-UM Visiting Scholar Programme, launched earlier this year, brings in renowned scholars in Islamic finance with the aim of promoting and enhancing scholarship and research in the Islamic capital market, which Malaysia holds a global leadership role. The programme will also help develop the talent pool and the body of knowledge in the broader Islamic finance. The SC and the UM had, earlier this year identified several prominent international scholars who will be in Malaysia for up to three months under this programme.

The first scholar under the programme was Professor Mervyn K Lewis, a Professor of Banking and Finance in the University of South Australia’s School of Commerce, who shared his knowledge of Islamic finance and views on the subprime crisis and the credit crunch.

Members of the public wishing to attend the lecture can contact the following at the SC:
Puan Azamaniza Bidin (tel: 03-6204 8280 or email: azmaniza@seccom.com.my)
En Khairul Azfar (tel: 03-6204 8109 or email: azfar@seccom.com.my)