an effective model of zakat distribution in improving mustahiq

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AN EFFECTIVE MODEL OF ZAKAT DISTRIBUTION IN IMPROVING MUSTAHIQ QUALITY OF LIFE

Sasti Anjana Widhyasti

Faculty of Economics, Sultan Agung Islamic University; E-mail: [email protected] Widiyanto bin Mislan Cokrohadisumarto

Faculty of Economics, Sultan Agung Islamic University;

Poverty in Indonesia is still a big problem that requires serious handling. Islam has a special instrument in dealing with this problem through zakat. Zakat benefits can be felt if it is distributed properly. The research objective was to find an effective zakat distribution model through a qualitative approach in the form of in-depth interviews. This study used a purposive sampling method to determine the number of samples consisting of 9 Amil Zakat Institutions (LAZ) in Semarang City, Central Java. The results show that apart from being program-based, the improvement of the quality of life of mustahik can be increased through effective zakat distribution, that is, no zakat funds are deposited, the distribution time is not more than three months after collection, giving zakat and program design according to the needs of mustahik, zakat and the program. valuable, there is money saving for productive programs that have been running, data-based, realized according to plan, right on target by implementing a collaboration strategy, according to BAZNAS directions, according to SOP, survey and interview, cotrolling, and evaluation.

Keywords: amil zakat institution, distribution, effectiveness, mustahiq.

I. INTRODUCTION

Indonesia occupies the position of the fourth largest population in the world (www.infojabodetabek.com). This is strength for our country, but amidst its strength there is a weakness of poverty. Poverty is still a big problem that needs serious handling. Islam has its own way of alleviating poverty through zakat. The large potential of Indonesian zakat is a positive thing that increases self-confidence that this country is capable of escaping poverty. In fact, the existing potential cannot be realized properly, as evidenced in the 2016,2017, 2018 BAZNAS report, zakat funds collected are below 2%.

The Amil Zakat Institution (LAZ) is one of the Islamic products to deal with poverty which was formed to help BAZNAS work. Distribution is part of zakat management that provides benefits to the community. Mohd Ali, et.al (2013) suggest that future research focuses on a model of targeting accuracy in giving zakat so that it can reduce poverty. In addition, LAZ is also recommended to implement a management system, because with good management the distribution process runs effectively (Al Haq & Wahab (2017);Anuar, et.al (2019)). No less important, for zakat to be distributed effectively, collaboration is needed Rahman & Omar (2012).

Regarding the distribution of zakat in Indonesia, it seems that there are still several problems, such as BAZNAS not yet recording the distribution of zakat directly, the overlapping BAZNAS and LAZ laws, the dual role of BAZNAS as regulator and operator, and human resource development of zakat managers who are still minimal (www.ibec-febui.com). Such conditions of course will have an impact on distribution effectiveness, as well as impact on the role of zakat in poverty eradication.

Therefore, this study aims to explore the effectiveness of the zakat distribution model at LAZ in Semarang City, Central Java.

II. LITERATURE REVIEW

Al-Utsaimin (2008) explains that etymologically zakat means increasing and developing, whereas according to syara 'means meditating on Allah. Both of these meanings have a correlation that in terms of quantity of property decreases, but with Allah, this value increases as Allah says in QS. Ar Ruum: 39. Based on Al-Qur’an Surah At Taubah: 60 and also an explanation from Abu Bakar (2011) and Ahmad, et.al (2015) that there are 8 groups (asnaf) who are entitled to receive zakat, namely needy, poor, amil, riqab, gharim, muallaf, fisabilillah, ibnu sabil.

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Al Fiazin & Akbar (2018) state that zakat has a dimension of hablu minallah and hablu minannas. The dimension of hablu minannas is transformed into social and economic functions. In social functions, zakat has a different role from the point of view of each stakeholder. First for muzakki zakat purify itself from greed and stingy, second for mustahik zakat purify from envy, envy, and anger towards the rich, lastly from the point of view of zakat assets it acts to purify from syubhat so that property remains a blessing and becomes a barrier from calamities. Zakat in the economic function plays a micro role by stabilizing prices and the macro is oriented towards the output of sustainable and equitable economic growth.

The social and economic benefits of zakat can be felt if it is distributed, according to the main purpose of zakat, which is to distribute assets from the rich to the poor (Johari, et.al (2014);Abu Bakar (2011)). In dealing with poverty, the distribution of productive zakat is considered more effective because it has the goal of eradicating poverty in the long term Ismail & Hussain (2017). For the distribution to run effectively LAZ takes full responsibility for this Ahmad, et.al (2015).

The indicator of effective zakat distribution is the accuracy of the target in giving zakat.

Permana & Baehaqi (2018) added that the implementation of a healthy management system also affects the effectiveness of zakat distribution through the principles of good governance which include transparency, accountability, responsibility, independency, fairness based on sharia compliance. In addition, Rahman & Omar (2012) argue that LAZ's role in the distribution process will be more optimal if it is supported by the principle of collaboration.

III. RESEARCH METHODS

This research is a qualitative research using a sample of 9 LAZ in Semarang City consisting of LAZ Al Ihsan, Pena Zakat Indonesia, LAZIS Sultan Agung, DT Peduli, LAZISMU Semarang, LAZISNU Semarang, LAZIS Masjid Agung, Dompet Dhuafa, and LAZIS Baiturrahman. The data collection of this research was conducted through in-depth interviews which were conducted from October to December 2020. The data analysis techniques used included data reduction, data display, drawing conclusions and validation through member checks with informants.

IV. RESULTS AND DISCUSSION

Based on the results of field research, it shows that the distribution of zakat carried out by LAZ in Semarang City is based on programs that have been designed for mustahiq (8 asnaf) in accordance with the provisions of the Qur'an in the form of productive zakat and consumptive zakat.

The productive zakat program is given in the economic field including providing business capital, training, entrepreneurial schools, qardhul-hasan, empowering people with disabilities, agriculture and animal husbandry for food security, the health sector in the form of training in posyandu services, and the education sector which consists of of scholarships, and educational facilities. The distribution allocation of zakat for productive zakat ranges from 20-80%. While the rest is in the form of consumptive activities, which are distributed in the fields of education, health, social affairs, da'wah,, and other annual programs.

Mohd Ali, et.al (2013) said that zakat must be distributed on target. The indicators of target accuracy obtained in the interview were zakat given to 8 mustahiqs who actually had asnaf status. The results of the study show that right on target is one of the indicators of effective zakat distribution, coupled with several other indicators such as no sedentary zakat funds, zakat distribution time is not more than three months after collection, zakat giving & program design according to mustahiq, zakat and program needs, there is money saving for productive programs that have been running, based on data, and are realized according to plan.

The result of the next study is that all informants agree that distribution is more effective in alleviating poverty if it is distributed productively. However, the field facts found that there were 3 sources, the majority of zakat funds were still distributed consumptively. The mismatch of desires and reality is due to constraints such as a lack of quantity and quality of ordinary human resources in mentoring, a lack of cooperation partners so that it is difficult to find workshop speakers during mentoring. These constraints can be pursued through collaboration according to Rahman & Omar's (2012) recommendations. Furthermore, in order to answer the problem of human resources that are still minimal, in order to realize an effective zakat distribution LAZ implements amil quality which consists of amil schools and certification.

The results of the study also found indicators of ineffective zakat distribution due to constraints consisting of mentoring, partnerships, mustahiq is less committed, limited human

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resources, lack of volunteers, mustahiq lies, limited information about mustahiq, and low nominal fund raising. However, these obstacles are trying to be overcome by socialization and education, conducting orientation periods, assigning rewards and punishments, increasing volunteers, continuing improvement, collaboration, structural reforms, recruiting new human resources, maximizing human resources performance and maintaining good communication with partners. The following are LAZ's strategic efforts in distributing zakat to make it effective, which includes collaboration, according to the national amil zakat body, according to the soup, survey and interview, controlling, evaluation.

The next finding is that all informants agree that distribution is more effective in reducing poverty if it is distributed productively. However, the field facts found that there were 3 sources, the majority of zakat funds were still distributed consumptively. The mismatch of desires and reality is due to constraints such as a lack of quantity and quality of ordinary human resources in mentoring, a lack of cooperation partners so that it is difficult to find workshop speakers during mentoring. These constraints can be pursued through collaboration according to Rahman & Omar's (2012) recommendations. Furthermore, in order to answer the problem of human resources that are still minimal, in order to realize an effective zakat distribution LAZ seeks to improve the quality of amil through amil schools and certification.

The results show that the distribution of zakat in productive and consumptive forms can have a positive impact on mustahiq such as increasing income, being able to continue schooling, opening / maintaining / developing a business, reducing the burden of life, increasing the quality of life, changing the mindset and increasing the welfare of mustahiq. It should be noted that the success of the program is 60% - 100%. %. In order to alleviate poverty LAZ needs to implement the distribution of the majority of zakat funds in productive forms. The distribution of zakat can effectively improve or improve people's lives. The effectiveness is seen from the absence of sedentary zakat funds, the distribution time is not more than three months after collection, zakat giving and program design according to mustahik's needs, zakat and the program is useful, there is money saving for productive programs that have been running, based on data, realized according to planning, right on target by implementing a collaborative strategy, in accordance with BAZNAS directions, according to SOPs, surveys and interviews, cotrolling, and evaluation. Based on the above findings, an effective model of zakat distribution can be described as follows:

Figure 1. Effective Model of Zakat Distributions V. CONCLUSION

The conclusion of this study is that zakat is distributed based on a program that has been designed, which is given to mustahiq (8 asnaf) in productive and consumptive forms. The distribution implementation so far has been able to improve or improve the lives of mustahiqs such as increasing income, children can continue their studies, open and develop businesses, lighten the burden of life, improve the quality of life, change the mindset, and increase the welfare of mustahiqs. Apart from being based on programs, improving the quality of life of mustahik can be increased through the

Collected Zakat Funds

Distribution Programs

Mustahiq (8 asnaf)

Productive

Role of Collaboration

+ Amil Quality

Consumptive

Improving the mustahiq quality of life

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distribution of effective zakat which consists of no sedentary zakat funds, the distribution time is not more than three months after collection, giving zakat and designing programs according to the needs of mustahik, zakat and the program. valuable, there is money saving for productive programs that have been running, based on data, realized according to plan, right on target by implementing a collaboration strategy, according to BAZNAS directions, according to standard operating procedures, surveys and interviews, cotrolling, and evaluation.

References

Abu Bakar, M. H. (2011). Towards Achieving the Quality of Life in the Management of Zakat Distribution to the Rightful Recipients (The Poor and Needy). International Journal of Business and Social Science, 237-245.

Ahmad Fahme Mohd Ali, Z. b. (2013). Impact of Zakat Distribution on Poor and Needy Recipients:

An Analysis in Kelantan, Malaysia . Australian Journal of Basic and Applied Sciences, 177- 182 .

Ahmad, R. R., Othman, A. A., & Salleh, M. S. (2015). Assessing the Satisfaction Level of Zakat Recipients Towards Zakat Management. Procedia Economics and Finance, 140-151.

Al Fiazin, A. W., & Akbar, N. (2018). Tafsir Ekonomi Kontemporer: Menggali Teori Ekonomi dari Ayat-Ayat Al-Qur'an. Jakarta: Gema Insani.

Al Haq, M. A., & Wahab, N. A. (2017). Effective Zakah Distribution: Highlighting Few Issues And Gaps In Kedah, Malaysia. Journal of Islamic Economics, 259 - 288.

Ali, K. M., Amalia, N. N., & Ayyubi, S. E. (2016). Perbandingan Zakat Produktif dan Zakat Konsumtif dalam Meningkatkan Kesejahteraan Mustahik . Al-Muzara’ah , 19-32.

Al-Utsaimin, S. S. (2008). Ensiklopedi Zakat "Kumpulan fatwa zakat Syaikh Muhammad Shalih al- Utsaimin". Jakarta: Pustaka As-Sunah.

Fatimah Sakeenah Anuar, N. M. (2019). Financial Management Practices and Performance of Zakat Institutions in Malaysia . Journal of Research and Practice in Public Sector Accounting and Management , 1-16.

Ismail, I. b., & Hussain, M. b. (2017). Productive Zakat Distribution by Zakat Institutions in Malaysia. International Journal of Academic Research in Business and Social Sciences , 554- 565.

Johari, F., Ab. Aziz, M. R., Ibrahim, M. F., & Mohd Ali, A. F. (2014). Zakat Distribution and Programme for Sustaining Muallaf Belief and Thought. Sains Humanika, 66(1).

Mohd Ali et al, A. F. (2013). Impact of Zakat Distribution on Poor and Needy Recipients: An Analysis in Kelantan, Malaysia. Australian Journal of Basic and Applied Sciences, 177-182.

Permana, A., & Baehaqi, A. (2018). Manajemen Pengelolaan Lembaga Amil Zakat Dengan Prinsip Good Governance. Jurnal Lembaga Keuangan dan Perbankan, 117-131.

Rahman, R. A., & Omar, N. B. (2012). Zakat and Poverty Alleviation: Roles of Zakat Institution in Malaysia. International Journal of Arts and Commerce , 61-72.

https://www.infojabodetabek.com/10-negara-dengan-penduduk-terbanyak-di-dunia/

https://www.ibec-febui.com/distribusi-zakat/

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The 11-th Foundation of Islamic Finance Conference (FIFC) 2021

11-th Foundation of Islamic Finance Conference or FIFC 2021 Sunway University Business School, Sunway University 5 Jalan Universiti, Bandar Sunway, 47500, Selangor,MALAYSIA

Tel: +60176164897 (Mobile); +603-7491-8622 (Ext 7310) +

Name : Ms. Sasti Anjana Widhyasti Sasti Institution : Sultan Agung Islamic University

Address : Pancur RT06 RW02 Kecamatan Pancur Kabupaten Rembang Jawa Tengah 59262 Indonesia

Paper ID : 11-th FIFC 2021: 048-025 Author : Sasti Anjana Widhyasti

Co-Author : Widiyanto bin Mislan Cokrohadisumarto ([email protected])

Paper Title : AN EFFECTIVE MODEL OF ZAKAT DISTRIBUTION IN IMPROVING MUSTAHIQ QUALITY OF LIFE Date : January 12th, 2021

NOTIFICATION OF PAPER ACCEPTANCE

Dear Ms. Sasti Anjana Widhyasti Sasti, Congratulation!

On behalf of the 11-th FIFC 2021 Program Committee, we are pleased to inform you that your paper submitted with ID: (11-th FIFC 2021: 048-025) entitled "AN EFFECTIVE MODEL OF ZAKAT DISTRIBUTION IN IMPROVING MUSTAHIQ QUALITY OF LIFE", is ACCEPTED for conference presentation.

As a reminder, The The 11-th Foundation of Islamic Finance Conference (FIFC) 2021 will be held online on 20- 22 March 2021. Closer to the meeting dates, we will provide a Program for you to know the session where your paper will be placed. We look forward to seeing you joining the conference. Detailed protocol about how to log-in to your session and other information will be made available well before the date of the meeting.

If you wish to update another Presenter’s name, Simply “Login > My Submission > Paper Submission > Click on "EDIT"”.

Please be reminded that the Conference Fee shall be paid latest 2 weeks before the start of the conference so that those who have paid will have paper presentation. To avoid last minute rush, we advise you to TT the sum of RM125.00 or US$30.00 immediately to Malayan Banking Bhd, Sunway City, Post Code 46150 Petaling Jaya, Malaysia. Transfer the sum to Acc #: 512316627574 (Account name: Prof Mohamed Ariff Syed Mohamed); Swift Code: MBBEMYKL.

Again, thank you very much for your submission. We look forward to hearing your paper.

Secretariat 11-th FIFC 2021

Tel: +60176164897 (Mobile); +603-7491-8622 (Ext 7310) + Email: [email protected]

Website: https://submit.confbay.com/conf/11-th_fifc_2021

Reviewer's Comment:

REVIEWER 1:

A: Evaluation. [check in the rating based in the followings criterias]:

1. The work presented in the manuscript is original: 1/5

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2. The manuscript uses sufficient references: 1/5

3. The topic is important and relevant for publication : 2/5 4. The manuscript uses appropriate language and styles: 1/5 5. The title of the manuscript is appropriate: 3/5

6. The order of presentation is satisfactory: 1/5

7. The abstract adequately summarizes the content of the manuscript: 1/5 8. The introduction is adequately developed: 1/5

9. The problem described in the manuscript is clearly stated: 1/5 10. The adopted methodology described in the manuscript is sound: 1/5 11. The findings of this manuscript are correctly interpreted: 1/5

12. The manuscript is free from obvious errors: 3/5

13. The quality of figures and illustrations is acceptable for publications: 1/5 14. The manuscript does not dwell on any sensitive issues: 3/5

Total mark: 29.8%

D. Comments

Overall Comments:

The entire paper is 4 pages including the title, references, and a figure!!! The topic is important BUT much has been written about it in the literature. I am not sure what the author's contribution and thought process is as he/she has not done adequate background research work in this paper and his/her idea is not well developed.

Comment to Author:

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Foundation of Islamic Finance Conference (FIFC) 2021 20- 22 March 2021

Sunway University, Malaysia

th

Sponsored by Participating Institutions

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11-th FIFC

20-22 March 2021

2

PROGRAM BOOK

for 20, 21, 23 March

DAY ONE: 20 March 2021-SATURDAY

DAY THREE: 22 March 2021-MONDAY

07:30 - 08:00 System Startup, Testing and Late Registration 08:00 - 10:00 Day ONE- Session 1

Topic: Islamic Finance I 10:00 - 12:00 Day ONE- Session 2

Topic: Islamic Finance II 12:00 - 12:10 Masters of ceremony

(Dr. Nur Ain & Ms. Manjeet Kaur) Announcement 12:10 - 12:15 Conference Chair Address

Distinguished Prof. Mohamed Ariff

Sunway University

12:15 - 13:15 Break for Lunch and other matters Ofﬁcial Conference Opening Ceremony by VIP Guests

13:15 - 13:30 1.Sunway University Welcoming Speech by:

Prof. Steve Williams

Dean of Sunway University Business School 2.Consortium representative announcement Prof. Ahmet Faruk Aysan

Representing seven institutions 13:30 - 14:15 Keynote Speech: Prof. Michael Skully

Chair of Banking, Monash Uni-Melbourne 14:15 − 16:15 Day ONE- Session 3

Topic: Islamic Finance III 16:15 − 18:15 Day ONE- Session 4

Topic: Islamic Finance IV 18:15 − 20:15 Day ONE- Session 5

Topic: Islamic Finance V

DAY TWO: 21 March 2021-SUNDAY

07:30 - 08:00 System Startup and Testing 8:00 - 10:00 Day TWO- Session 6

Topic: COVID-19 Pandemic Crisis and Islamic Finance I 10:00 - 12:00 Day TWO- Session 7

Topic: COVID-19 Pandemic Crisis and Islamic Finance II 12:00 - 12:45 Keynote Speech

Dr. Maria Bhatti

Western Sydney University Australia 12:45 - 13:45 Break for Lunch and other matters 13:45 - 14:30 Best Paper Awards Presentation

1: SU Vice Chancellor Prof. Graeme Wilkinson 2: CFA Society Malaysia Ms. Caroline Ng

Token of Appreciation given by Prof. Steve Williams Dean 14:30 − 16:30 Day TWO- Session 8

Topic: COVID-19 Pandemic Crisis and Islamic Finance III 16:30 − 18:30 Day TWO- Session 9

Topic: Financial Markets and Institutions 18:30 − 20:30 Day TWO- Session 10

Topic: Any other equivalent topics I

07:30 - 08:00 System Startup and Testing 8:00 - 10:00 Day THREE- Session 11

Topic: Any other equivalent topics II 10:00 - 12:00 Day THREE- Session 12

Topic: Financial Economics / Blockchain, cryptocurrency and tokenization / Digital banking and Issues with Islamic ﬁnancial innovation I 12:00 - 13:00 Break for Lunch and other matters

13:00 - 13:45 Keynote Speech Prof. Necdet Sensoy

Istanbul Commerce University Turkey 13:45 - 15:45 Day THREE- Session 13

Topic: Financial Economics/ Blockchain, cryptocurrency and tokenization/ Digital banking and Issues with Islamic ﬁnancial innovation II 15:45 - 17:45 Day THREE- Session 14

Topic: Islamic Wealth Planning and Waqf 17:45 - 18:45 1.Closing comments by conference co-chairs.

2.Submission to journal of selected papers (conference chair speaks).

3.Announcement and closing ceremony.

4.Presentation of tokens of appreciation by Program Chair.

5.Group photo compilation.

Jointly organized by seven worldwide institutions (see page 1)

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11-th FIFC

20-22 March 2021

3

SESSIONS 1 & 2

Day ONE

The chair of each session will discuss the ﬁrst paper, followed by the ﬁrst presenter will discuss the second paper, and so forth. Each session must end on time.

Session 1

CHAIRING PROF: TOPIC: Islamic Finance I Ahmet Faruk Aysan

1 Anouar Ghadoum Do Adoption of AAOIFI standards by Islamic Banks promote Malaysia Communicated Ethical Identity Disclosure (CEID): A Global

Evidence

2 Zaheer Anwar Product Market Fluidity and Religious Constraints: Evidence Malaysia from the United States Market

3 Md Habibur Istijrar Sale in Islamic Law: A Potential for Islamic Finance Malaysia Rahman Practices

4 Shamsher Islamic Perspective of Subprime Mortgage Crisis 2007-2009: Malaysia Mohamed The Role of Product Financial Innovation, Market Complexity

and Irrational Behavior

5 A. K. Siti Nabiha Analysis of Islamic Microﬁnance Literature: Issues and the Way Malaysia Forward

SPEAKER TOPIC COUNTRY

Session 2

CHAIRING PROF: TOPIC: Islamic Finance II Shamsher

Mohamed

1 Mace Abdullah Conduct Risk in Islamic Banks Malaysia

2 Yaxin Ma Challenges brought by COVID-19 to the contemporary monetary system" Islamic ﬁnance perspective

3 Noor Aimi Expectation vs reality: a study on the perceptions of shariah Malaysia Mohamad committee on the shariah audit practice in Malaysian takaful

Puad industry

4 Wan Shah Effect of CEO overconﬁdence, and international Diversiﬁcation Malaysia Shahdila Shahar Strategy on Capital Structure

5 Wan Shahzlinda A Review on the Impact of Inclusion and Exclusion of Stocks Malaysia Shah Shahar from the List of Shariah towards Stocks Performance in Malaysia

SPEAKER TOPIC COUNTRY

08:00 - 10:00 10:00 - 12:00

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11-th FIFC

20-22 March 2021

4

SESSIONS 3 & 4

Day ONE

Session 3

CHAIRING PROF: TOPIC: Islamic Finance III Mustafa Disli

1 Ahmad Hizazi The effect of Amil Funds, Size of Amil Zakat and number of Indonesia ofﬁces to Amil Zakat Performance

2 Sasti Anjana An effective model of zakat distribution in improving Mustahiq Indonesia Widhyasti quality of life

3 Aftuqa Sholikatur Strategies for optimizing zakat fund collection: learning from Indonesia Rohmania the amil zakat institution in Semarang city

4 Sunarsih / Dinik The condition of sharia insurance companies in Indonesia Indonesia Fitri Raharjeng examined by early warning system ratio (period 2015-2019)

5 Javed Bin Kamal Efﬁciency of Islamic vs. Conventional banks: Evidence from Bangladesh Agent Based Modelling simulation

SPEAKER TOPIC COUNTRY

Session 4

CHAIRING PROF: TOPIC: Islamic Finance IV Calvin Cheong

Wing Hoh

1 Shagishna K Impact of Faith- based Financial Exclusion on Branch Density India and Access to Loans in India

2 Ali Reza Fattahi Legal analysis of shariah governance in the capital market Iran 3 Shabeer Khan Causal factors of Shadow economy in OIC countries and the Pakistan

Potential role of Islamic Finance

4 Fatima The role of Islamic Finance in Green Urban Development: Qatar Abdulrahman A case of Lusail

Abedrabbo

5 Murat Yas Shariah Compliance Effect: Evidence from Bursa Malaysia Qatar

SPEAKER TOPIC COUNTRY

14:15 - 16:15 16:15 - 18:15

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11-th FIFC

20-22 March 2021

5

SESSION 5

Day ONE

Session 5

CHAIRING PROF: TOPIC: Islamic Finance V Necmettin Kizilkaya

1 Mustafa Disli Favoring the small and the plenty: Islamic banking for MSMEs Qatar 2 Mehmet Bulut A new proposal for proﬁt distribution system of the Turkey participation banking

3 Gurkan Duman The Application and Implementation of Sukuk in the Turkish Turkey Participation Banking System

4 Kabir Hassan A New Model for Screening Shariah Compliant Firms USA 5 Nurazilah Zainal Impact of Firm Characteristics on Financial Efﬁciency of Malaysia

Microﬁnance Institutions: Evidence from Pre and Post-Financial Crisis

SPEAKER TOPIC COUNTRY

18:15 - 20:15

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11-th FIFC

20-22 March 2021

6

SESSIONS 6 & 7

Day TWO

Session 6

CHAIRING PROF: TOPIC: COVID-19 Pandemic Crisis and Islamic Finance I Buerhan Saiti

1 Hassanudin Mohd COVID-19, Financial Markets (Islamic vs Non-Islamic) and Malaysia Thas Thaker Exchange Rate: Does the Malaysian Market Offers

Diversiﬁcation Opportunities to the Investors?

2 Zulkarnain Sori COVID-19 pandemic: the role of Islamic finance Malaysia 3 Dinik Fitri Behavioral household finance as a power in financial system Indonesia Rahajeng stability in COVID-19 (from macroprudential perspective)

Pangestuti

4 Nurul fauzi Reconstruction of Lumbung Pitih Nagari Based on the Adat Indonesia Basandi Syarak Syarak Basan di Kitabullah: Efforts to Mitigate

the Economic Impact of COVID-19 in West Sumatra

5 Rifaldi Majid Designing Islamic Social Fund Integrated-Crowdfunding Indonesia Model (ISF-ICM) to Empower and Financing MSMEs During

and Post Covid-19 Pandemic

SPEAKER TOPIC COUNTRY

Session 7

CHAIRING PROF: TOPIC: COVID-19 Pandemic Crisis and Islamic Finance II Hassanudin M. Thas

Thaker

1 Danes Quirira COVID-19 and Deposit Growth: Evidence from Indonesia Indonesia Octavio Islamic and Conventional Microﬁnance

2 Salawat Fatih Zakat as A Countermeasure Instrument During COVID-19 Indonesia Ibrahim Pandemic by Baznas Indonesia (Management, Distribution,

Muhammad Zilal and Fundraising Strategy) Hamzah

3 Ziya Batul Rizvi COVID-19 and Volatility Dependence Between Sukuk and India Nifty Shariah Index: GED Copula Approach

4 EckyImamul The Procyclicality of Credit Cycle on Islamic and Conventional Turkey Muttaqin Banking During Financial Distress: Measuring Amplitude and

Frequency Indicator

5 Adama Dembele COVID-19 Pandemic Crisis and Islamic Finance Turkey

SPEAKER TOPIC COUNTRY

08:00 - 10:00 10:00 - 12:00

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11-th FIFC

20-22 March 2021

7

SESSIONS 8 & 9

Day TWO

Session 8

CHAIRING PROF: TOPIC: COVID-19 Pandemic Crisis and Islamic Finance III Necdet Sensoy

1 Omar Kachkar Not to be left behind: refugees and the role of waqf in the Turkey light of the ongoing COVID-19

2 Abdessamad Stock Market Reaction to the COVID-19 Global Pandemic: Morocco Raghibi Evidence from the FTSE Shariah Family Index

3 Shaﬁqur Rahman The Role of CSR to address the Economic Impact of COVID-19: Australia Evidence from Islamic Banks in Bangladesh

4 Kabir Hassan Are Islamic banks more resilient to the crisis vis-vis USA conventional banks? Evidence from the COVID-19 shock

5 Dayangku Aslinah The role of Islamic institutions and Islamic ﬁnancial Malaysia Abd Rahim instruments during pandemic COVID-19 in Sabah

SPEAKER TOPIC COUNTRY

Session 9

CHAIRING PROF: TOPIC: Financial Markets and Institutions Abdollah Ah Mand

1 Imam Uddin Development of Sukuk in Islamic Capital Markets and Shariah Pakistan Perspectives

2 Nur Shuhada Transformation of Integrated Reporting (IR) and Value Based Turkey Binti Ishak Intermediation (VBI) practices in Malaysia to reform

Participation Banks in Turkey

3 Bora Altay A Look at Wages in the Ottoman Rumelia Through Cash Waqfs, Turkey 1500-1914

4 Laith Al Shouha The impact of ﬁnancial structure on accrual-based earnings Jordan

management in Jordan

5 Siti Fatimah Positive cases and the death of COVID-19 pandemic at Malaysia Mohamed Noor different quantiles: The determinants

SPEAKER TOPIC COUNTRY

14:30 - 16:30 16:30 - 18:30

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11-th FIFC

20-22 March 2021

8

SESSION 10

Day TWO

Session 10

CHAIRING PROF: TOPIC: Any other equivalent topics I Mohamed Ariff

1 Norazizah Che The information content of dividend changes announcements: Malaysia Musa evidence of free cash ﬂow and signaling hypothesis on

environmental, social and governance (ESG) and non-ESG ﬁrms

2 Ibrahim Musa Fintech and Blockchain in Islamic Finance - A bibliometric Qatar Unal Analysis

3 Ahmad Mustakim The Relationship between Corporate Governance and Risk: Malaysia Mohamad Insight into Conventional and Islamic Banks

4 Davy Hendri Did the x-bank community members resigned from the Indonesia conventional bank because of avoiding riba's sin?

5 Kusnan The Impact of COVID-19 Pandemic on Firms Performance Indonesia

SPEAKER TOPIC COUNTRY

18:30 - 20:30

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11-th FIFC

20-22 March 2021

9

SESSIONS 11 & 12

Day THREE

Session 11

CHAIRING PROF: TOPIC: Any other equivalent topics II Kabir Hassan

1 Edib Smolo Finance-Growth Nexus: Evidence from Systematically Bosnia &

Important Islamic Finance Countries Herzegovina 2 Barae Dukhan The uniﬁed Maqasid shariah indicators model: an attempt to Turkey

integrate Maqasid shariah based development measurement indexes

3 Mehmet Bulut An Intellectual Comparative Approach to the Main Dynamics Turkey of the Orthodox Economics and Islamic Economics

4 Mohamed Ariff Currency Behavior of Twelve Majority-Muslim and Ten Malaysia Non-Muslim-Majority Economies

5 Sara Naquia Debt management of Malaysian shariah compliant companies Malaysia Hanim during COVID-19 pandemic outbreak: python analysis

Shaharuddin

SPEAKER TOPIC COUNTRY

Session 12

CHAIRING PROF: TOPIC: Financial Economics/ Blockchain, cryptocurrency and Mirzet Seho tokenization/ Digital banking and Issues with Islamic ﬁnancial

innovation I

1 Ahmadu Financial Leverage and Financial Performance of Listed Nigeria Abubakar Information & Communication Technology Companies in

Nigeria

2 Abdolaziz Youseﬁ Are Cryptocurrencies Permissible in Islam; Can Blockchain Iran Boost Trade Financing?

3 Hiba Al Saudi Blockchain and the Potential in Waqf Revival Qatar 4 Ahmet Faruk Sustainability, Trust and Blockchain Applications in Islamic Qatar Aysan Finance and Circular Economy: Best Practices and Fintech

Prospects

5 Muhammad Islamic Digital Banking in The Light of Maqasid Al-Shariah: Malaysia Ridhwan Bin A Review of Literatures

Ab Aziz

SPEAKER TOPIC COUNTRY

08:00 - 10:00 10:00 - 12:00

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11-th FIFC

20-22 March 2021

10

SESSIONS 13 & 14

Day THREE

Session 13

CHAIRING PROF: TOPIC: Digital banking and Issues with Islamic ﬁnancial Ahmad Khaliq innovation / Dynamic Islamic Capital Market / Asset Pricing

/ Islamic Wealth Planning and Waqf II

1 Marlena Fee Establishing an International Zakat System to Provide Financial Malaysia relief for COVID-19: Challenges and Drawbacks

2 Mohamed Ariff A Study of Sukuk Bond Market-Making at the London Stock Malaysia

Exchange, 2011-20

3 Burhan Uluyol Islamic Mutual Fund: The Contracts, Structures, Screening, Turkey and Pricing Mechanisms

4 Murat Yas Is Shariah Compliant Money Financially Smart? Qatar 5 Ibrahim Zakat and waqf as a possible solution to socio-economic Malaysia DahiruIdriss hardship during COVID-19 pandemic crisis in Nigeria

SPEAKER TOPIC COUNTRY

Session 14

CHAIRING PROF: TOPIC: Islamic Wealth Planning and Waqf Zulkarnain Sori

1 Sri Wahyu Sakina Waqf Zurri: preliminary disclosure and presentation of the Malaysia Bt Ahmad Sanusi reporting

2 Mohammed A Review of Literature on Zakah Studies in Nigeria Nigeria Ibrahim

3 Dalal Aassouli Pandemic Sukuk: A Multistage Support Mechanism for Qatar Sustainable Development and Green Recovery

4 Lianne Lee Price discovery in Islamic & conventional overnight markets in Malaysia a dual banking system

SPEAKER TOPIC COUNTRY

13:45 - 15:45 15:45 - 17:45

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Background:

Foundation of Islamic Finance Conference Series,

2006-Ongoing

NOTE: The FIFC-2021 meeting is jointly managed by delegates from (i) Sunway University Malaysia (ii) INCEIF Malaysia (iii) La Trobe University Australia (iv) Hamad Bin Khalifa University Qatar (v) Istanbul Sabahattin Zaim University Turkey (vi) Istanbul Commerce University Turkey (vii) Istanbul University Turkey and CFA Society Malaysia using the Emerald conference platform for the web-based delivery. Each university has nominated a professor as co-chair representing the above universities. Sunway University is the host university with the Vice Chancellor (Prof. Graeme Wilkinson) and the Dean of Sunway University Business School (Prof. Steve Williams) ofﬁciating as the VVIPs.

he Foundation of Islamic Finance Conference series or FIFC started with a large research funding by the Australian Research Council (ARC) in 2006 to the original team at The University of Melbourne (Prof Abdullah Saeed) and Monash University (Prof Mohamed Ariff & Prof Michael Skully) with the specific aim of creating authentic literature for the then emerging sub-discipline in Finance usually referred widely today as Islamic Finance or as Participatory Finance in some countries. This conference series have been held first as the Inaugural FIFC in 2006 at the University of Melbourne Asia Institute in Australia and the 11-th meeting now is occurring as a web-based conference over 3 days 20, 21, 22 March 2021. At the time of writing this document, there are a total of about 90 events organized into 14 sessions with three keynote speeches, prize giving ceremony by the Vice Chancellor of the Sunway University and Ms Carolyn Ng of Chartered Financial Analyst Society (Asia Pacific).

There are three journals including two special issues of Journal of Islamic Accounting and Business Research (JIABR), Turkish Journal of Islamic Economics (TJIE), Borsa Istanbul Review (BIR-tbc) and the CFA Asia Paciﬁc Journal. A book on Capital Market Research in Islamic Finance and another book (title to be decided) will be published out of some of the papers not selected for journal publication.

To-date FIFC has facilitated publication of all best papers at the previous meetings. The best-papers at this conference will be published in the ﬁrst journal mentioned above (JIABR). To-date eight books on Islamic Banking and Finance have been published over the years by Edward Elgar Publishing Ltd. UK-USA and John Wiley & Sons International as Islamic Finance Series. The two books to be published after this conference are planned to be published by Routledge Publishing USA in year 2022.

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11-th FIFC

20-22 March 2021

12

LIST OF PRESENTERS

1 of 5

Imam Uddin Development of Sukuk in Islamic Capital Markets [email protected]

and Shariah Perspectives

Davy Hendri Did The X-Bank Community Members Resigned from [email protected] the Conventional Bank Because of Avoiding Riba's Sin?

Dinik Fitri Rahajeng Behavioral Household Finance as A Power in Financial din_ﬁ[email protected] Pangestuti System Stability in COVID-19 (From Macroprudential

Perspective)

Anouar Ghadoum Do Adoption of AAOIFI standards by Islamic Banks [email protected] promote Communicated Ethical Identity Disclosure

(CEID): A Global Evidence

Zaheer Anwar Product Market Fluidity and Religious Constraints: [email protected] Evidence from the United States Market

Md Habibur Istijrar Sale in Islamic Law: A Potential for Islamic [email protected] Rahman Finance Practices

Ali Reza Fattahi Legal Analysis of Shariah Governance in The Capital [email protected] Market

Achmad Hizazi The effect of Amil Funds, Size of Amil Zakat and [email protected] number of ofﬁces to Amil Zakat Performance

Nurul Fauzi Reconstruction of Lumbung Pitih Nagari Based on the [email protected] Adat Basandi Syarak Syarak Basandi Kitabullah: Efforts

to Mitigate the Economic Impact of COVID-19 in

West Sumatra

Siti Fatimah Positive cases and the death of COVID-19 pandemic at [email protected] Mohamed Noor different quantiles: The determinants

Mohammed Ibrahim A Review of Literature on Zakah Studies in Nigeria miﬁ[email protected]

Ibrahim DahiruIdriss Zakat and Waqf As A Possible Solution to [email protected] Socio-Economic Hardship During COVID-19 Pandemic

Crisis in Nigeria

Javed Bin Kamal Efﬁciency of Islamic vs. Conventional banks: Evidence [email protected] from Agent Based Modelling simulation

Edib Smolo Finance-Growth Nexus: Evidence from Systematically [email protected] Important Islamic Finance Countries

Abdessamad Stock Market Reaction to the COVID-19 Global [email protected]

Raghibi Pandemic: Evidence from the FTSE Shariah Family Index

Adama Dembele COVID-19 Pandemic Crisis and Islamic Finance [email protected]

NAME TITLE OF PAPER EMAIL

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11-th FIFC

20-22 March 2021

13

LIST OF PRESENTERS

2 of 5

Ahmadu Abubakar Financial Leverage and Financial Performance of Listed [email protected] Information & Communication Technology Companies in

Nigeria a

EckyImamul The Procyclicality of Credit Cycle on Islamic and [email protected] Muttaqin Conventional Banking During Financial Distress:

Measuring Amplitude and Frequency Indicator

Shaﬁqur Rahman The Role of CSR to address the Economic Impact of shaﬁ[email protected] COVID-19: Evidence from Islamic Banks in Bangladesh

Rifaldi Majid Designing Islamic Social Fund Integrated-Crowdfunding [email protected] Model (ISF-ICM) to Empower and Financing MSMEs

During and Post Covid-19 Pandemic

Nur Shuhada Transformation of Integrated Reporting (IR) and Value [email protected] Binti Ishak Based Intermediation (VBI) practices in Malaysia to

reform Participation Banks in Turkey

Laith Al Shouha The Impact of Financial Structure on Accrual Based [email protected] Earnings Management in Jordan

Sasti Anjana An Effective Model of Zakat Distribution in Improving [email protected] Widhyasti Mustahiq Quality of Life

Aftuqa Sholikatur Strategies for Optimizing Zakat Fund Collection: [email protected]

Rohmania Learning from The Amil Zakat Institution in

Semarang City

Mehmet Bulut A New Proposal for Proﬁt Distribution System of [email protected]

Participation Banking

Kusnan The Impact of COVID-19 Pandemic on Firms [email protected] Performance

Danes Quirira COVID-19 and Deposit Growth: Evidence from [email protected] Octavio Indonesia Islamic and Conventional Microﬁnance

Ziya Batul Rizvi COVID-19 And Volatility Dependence Between Sukuk [email protected] And Nifty Shariah Index: GED Copula Approach

Dalal Aassouli Pandemic Sukuk: A Multistage Support Mechanism for [email protected] Sustainable Development and Green Recovery

Sunarsih/ Dinik The Condition of Sharia Insurance Companies in [email protected] Fitri Raharjeng Indonesia Examined by Early Warning System Ratio

(Period 2015-2019)

Barae Dukhan The Uniﬁed Maqasid Shariah Indicators Model: An [email protected] Attempt to Integrate Maqasid Shariah Based

Development Measurement Indexes

NAME TITLE OF PAPER EMAIL

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11-th FIFC

20-22 March 2021

14

LIST OF PRESENTERS

3 of 5

Shagishna K Impact of Faith- based Financial Exclusion on Branch [email protected] Density and Access to Loans in India

Burhan Uluyol Islamic Mutual Fund: The Contracts, Structures, [email protected] Screening, and Pricing Mechanisms

Mehmet Bulut An Intellectual Comparative Approach to the Main [email protected] Dynamics of the Orthodox Economics and Islamic

Economics

Mohamed Ariff A Study of Sukuk Bond Market-Making at the London [email protected]

Stock Exchange, 2011-20

Dayangku Aslinah The Role of Islamic Institutions and Islamic Financial [email protected] Abd Rahim Instruments During Pandemic COVID-19 In Sabah

Norazizah Che Musa The Information Content of Dividend Changes [email protected] Announcements: Evidence of Free Cash Flow and

Signaling Hypothesis on Environmental, Social and Governance (ESG) And Non-ESG Firms

M. Kabir Hassan Are Islamic banks more resilient to the crisis vis-vis [email protected] conventional banks? Evidence from the COVID-19 shock

M. Kabir Hassan A New Model for Screening Shariah Compliant Firms [email protected]

Hassanudin Mohd COVID19, Financial Markets (Islamic vs Non-Islamic) and [email protected] Thas Thaker Exchange Rate: Does the Malaysian Market Offers

Diversiﬁcation Opportunities to the Investors?

Gurkan Duman The Application and Implementation of Sukuk in the [email protected] Turkish Participation Banking System

Wan Shahzlinda A Review on the Impact of Inclusion and Exclusion of [email protected] Shah Shahar Stocks from the List of Shariah towards Stocks

Performance in Malaysia

Ibrahim Musa Unal Fintech and Blockchain in Islamic Finance - A [email protected]

bibliometric Analysis

Muhammad Islamic Digital Banking in The Light of Maqasid [email protected] Ridhwan Bin Ab. Al-Shariah: A Review of Literatures

Aziz

Omar Kachkar Not to be left behind: refugees and the role of waqf in [email protected] the light of the ongoing COVID-19

Fatima The role of Islamic Finance in Green Urban Development: [email protected] Abdulrahman A case of Lusail

Abedrabbo

NAME TITLE OF PAPER EMAIL

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11-th FIFC

20-22 March 2021

15

LIST OF PRESENTERS

4 of 5

Nurazilah Zainal Impact of Firm Characteristics on Financial Efﬁciency [email protected] of Microﬁnance Institutions: Evidence from Pre and

Post-Financial Crisis

Shabeer Khan Causal factors of Shadow economy in OIC countries and [email protected] the Potential role of Islamic Finance

Shamsher Mohamad Islamic Perspective of Subprime Mortgage Crisis [email protected] 2007-2009: The Role of Product Financial Innovation,

Market Complexity and Irrational Behavior

Zulkarnain Bin COVID-19 Pandemic: The Role of Islamic Finance [email protected] Muhamad Sori

Mohamed Ariff Currency Behavior of Twelve Majority-Muslim and Ten [email protected]

Non-Muslim-Majority Economies

Abdolaziz Youseﬁ Are Cryptocurrencies Permissible in Islam; Can youseﬁ[email protected] Blockchain Boost Trade Financing?

Ahmad Mustakim The Relationship between Corporate Governance and [email protected] Mohamad Risk: Insight into Conventional and Islamic Banks

Sri Wahyu Sakina Waqf Zurri: Preliminary Disclosure and Presentation of [email protected] Bt Ahmad Sanusi The Reporting

A.K Sit Nabiha Analysis of Islamic Microﬁnance Literature: Issues and [email protected]

the Way Forward

Salawat Fatih Zakat as A Countermeasure Instrument During COVID-19 [email protected] Ibrahim Pandemic by Baznas Indonesia (Management,

Muhammad Zilal Distribution and Fundraising Strategy) Hamzah

Mace Abdullah Conduct Risk in Islamic Banks [email protected] Yaxin Ma Challenges brought by COVID-19 to the contemporary [email protected]

monetary system " Islamic ﬁnance perspective

Noor Aimi Expectation Vs Reality: A Study on The Perceptions of [email protected] Mohamad Puad Shariah Committee on The Shariah Audit Practice in

Malaysian Takaful Industry

Marlena Fee Establishing an International Zakat System to Provide [email protected] Financial relief for COVID-19: Challenges and Drawbacks

Sara Naquia Hanim Debt Management of Malaysian Shariah Compliant [email protected] Shaharuddin Companies During COVID-19 Pandemic Outbreak:

Python Analysis

Hiba Al Saudi Blockchain and the Potential in Waqf Revival [email protected]

NAME TITLE OF PAPER EMAIL

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11-th FIFC

20-22 March 2021

16

LIST OF PRESENTERS

5 of 5

Bora Altay A Look at Wages in the Ottoman Rumelia Through [email protected]

Cash Waqfs, 1500-1914

Murat Yas Shariah Compliance Effect: Evidence from Bursa [email protected] Malaysia

Ahmet Faruk Aysan Sustainability, Trust and Blockchain Applications in [email protected] Islamic Finance and Circular Economy: Best Practices

and Fintech Prospects

Murat Yas Is Shariah Compliant Money Financially Smart? [email protected] Mustafa Disli Favoring the small and the plenty: Islamic banking for [email protected] MSMEs

Wan Shah Shahdila Effect of CEO Overconﬁdence, and International [email protected] Shahar Diversiﬁcation Strategy on Capital Structure

Lianne Lee Price discovery in Islamic & conventional overnight [email protected] markets in a dual banking system

NAME TITLE OF PAPER EMAIL

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NAME AFFILIATION EMAIL ROLE(S)

Conf erenc e Secretariat

11-th FIFC

20-22 March 2021

17

Distinguished Prof Sunway University, Malaysia [email protected] Conference Chair Mohamed Ariff

Prof. Shamsher INCEIF, Malaysia [email protected] Conference Co-Chair Mohamed

Dr Hassanudin M. Sunway University, Malaysia [email protected] Program Chair Thas Thaker

Dr Abdollah Ah Mand Sunway University, Malaysia [email protected] Committee Member

(Promotion and

Digitalization) Dr Calvin Cheong Sunway University, Malaysia [email protected] Committee Member Wing Hoh

Dr Jason Lee Kian Teck Sunway University, Malaysia [email protected] Committee Member Dr Mirzet Seho Monash University, Malaysia [email protected] Committee Member Ms. Manjeet Kaur Sunway University, Malaysia [email protected] Committee Member (Treasury)

Mr. Niviethan Rao Sunway University, Malaysia [email protected] Committee Member Mr. Raja Amirul Azizi Sunway University, Malaysia [email protected] Committee Member

Raja Amir (Designer and Media)

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INSTITUTION NAME

Int ernational Peer-Re vie w Committ ee Members

11-th FIFC

20-22 March 2021

18

IIUM, Malaysia Mohamed Asmy

Sunway University, Malaysia Hassanudin Mohd Sunway University, Malaysia Abdollah Ah Mand

HBKU, Qatar Ahmet Faruk Aysan

Marmara University, Turkey Ali Ar

Istanbul Commerce University, Turkey Ali Osman Grbz University of Leicester, UK Ali Yavuz Polat

HBKU, Qatar Amin Mohseni Cheraghlou

IIUM, Malaysia Azhar Bin Mohamad Deakin University, Australia Aziz Hayat

Istanbul Zaim University, Turkey Buerhan Saiti Newcastle University, UK Cafer deniz

Sunway University, Malaysia Calvin Cheong Wing Hoh Ankara Yildirim Beyazit University, Turkey Cem Korkut

Lincoln University, New Zealand Cuong Nguyen International University of Sarajevo, Bosnia Edib Smolo and Herzegovina

Durham University, UK Erhan Aktas

INCEIF, Malaysia Eskandar Abdul Rasid

Durham University, UK Habib Ahmed

Central Bank of The. Republic of Turkey Habib Dolgun Karabuk University, Turkey Hasan Tekin Central Bank of The. Republic of Turkey Huseyin Ozturk

SUNY Geneseo, USA Ian Alam

INCEIF, Malaysia Kinan Salim

Bandung Institute of Technology, Indonesia Lukman Arbi INCEIF, Malaysia Mansor Ibrahim Istanbul Medipol University, Turkey Mehmet Babacan Istanbul Zaim University, Turkey Mehmet Bulut Monash University, Australia Michael Skully Monash University, Malaysia Mirzet Seho Central Bank of Oman, Oman Moazzam Farooq Sunway University, Malaysia Mohamed Ariff Universiti Brunei Darussalam, Brunei Muhamad Abduh Marmara University, Turkey Murat Ya

HBKU, Qatar Mustafa Disli

Istanbul Commerce University, Turkey Necdet Sensoy Istanbul University, Turkey Necmettin Kizilkaya Istanbul Medipol University, Turkey Nurullah Gur

LAPE, France Recai Ogcem

Istanbul Zaim University, Turkey Ruslan Nagayev INCEIF, Malaysia Saiful Azhari Istanbul Commerce University, Turkey Serkan ankaya

INCEIF, Malaysia Shamsher Mohamad Ramadilli Mohd

Deakin University, Australia Suren Basov

Universitas Sebelas Maret, Indonesia Tastaftiyan Risfandy TalTech – Tallinn University of Technology, Estonia Yassine Bakkar

INCEIF, Malaysia Zulkarnain Muhamad Sori

IIUM, Malaysia Ahmad Khaliq

USM, Malaysia Anwar

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11-th FIFC

20-22 March 2021