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NEWS AND BULLETIN

  1. SKPSA2019 Wadah Pentadbir Awam Bawa Tadbir Urus Awam Lebih Telus Dan Berkesan
    Wednesday, 31 July 2019

    skpsaJohor - "Sebagai pentadbir awam, adakah kita telah menjalankan peranan dengan sempurna dalam meni...

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  2. SEFB International Summer School 2019 Tingkat Kemahiran Bahasa Inggeris Pelajar PSU, Thailand
    Wednesday, 31 July 2019

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  3. EDBM Pertingkat Kemahiran Kepengurusan Golongan Pengurusan Pertengahan
    Wednesday, 31 July 2019

    edbmDalam mendepani persekitaran dan cabaran pengurusan yang semakin kritikal setiap hari, kemahiran ...

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  4. 2019 AACSB INFLUENTIAL LEADER KONGSI ILMU DAN PENGALAMAN KEPIMPINAN
    Monday, 20 May 2019

    raja azura aacsbAlumni Universiti Utara Malaysia (UUM), Raja Azura Raja Mahyuddin telah berkongsi ilmu dan pengal...

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  5. BGS UUM Terima Anugerah Best Practice In Leadership Outstanding Chapter 2019
    Monday, 20 May 2019

    bgs edinBeta Gamma Sigma (BGS) Chapter Universiti Utara Malaysia (UUM) telah menerima Best Practice in Le...

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  6. Bengkel AACSB Standards: Intellectual Contribution (ICs) Maintenance
    Tuesday, 07 May 2019

    aacsbSetelah mendapat akreditasi AACSB International dengan jayanya pada tahun 2016, UUM kini dalam pr...

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  7. PPA COB RAI PELAJAR MOBILITI
    Monday, 18 March 2019

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    Majlis Welcoming dan Homecoming Pelajar Mobiliti UUM COB telah berlangsung pada 15 Mac 2019 bert...

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  8. 2019 INFLUENTIAL LEADER BY AACSB INTERNATIONAL
    Monday, 11 February 2019

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    Universiti Utara Malaysia (UUM) Alumnus, Mdm. Raja Azura Raja Mahayuddin was selected as the 201...

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  9. NOVAC KEKAL TAHTA UNGGULI ANUGERAH BADAN PELAJAR TERBAIK UUM COB 2018
    Sunday, 09 December 2018

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  10. Tahniah Kenaikan Pangkat Staf Akademik UUM COB
    Thursday, 29 November 2018

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  11. Produk Inovasi IBS Mendapat Pingat Emas Dan Perak Dalam Pertandingan Inovasi Dan Kreativiti 2018
    Thursday, 29 November 2018

    PRODUK INOVASI IBSPada 14 hingga 16 November 2018 bertempat di Universiti Industri Selangor (UNISEL) telah berlangs...

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  12. Alumni UUM COB Kongsi Pengalaman Untuk Majukan Universiti
    Wednesday, 28 November 2018

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  13. Bengkel Pemantapan Proses CIR
    Sunday, 11 November 2018

    cir aacsbDalam usaha mengekalkan status akreditasi AACSB, Unit Akreditasi AACSB, UUM COB telah mengadakan ...

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  14. Islamic Finance Must Embrace Technological Advancement And Innovation
    Monday, 29 October 2018

    ISLAMIC FINANCEThe unprecedented surge of the Fourth Industrial Revolution (IR4.0) has brought many problems and...

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  15. The TISSA-UUM Accounting Programme: First And The Only EPAS Accredited Programme In Malaysia
    Monday, 29 October 2018

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ISLAMIC FINANCEThe unprecedented surge of the Fourth Industrial Revolution (IR4.0) has brought many problems and challenges; nevertheless, it also brings unlimited potentials that can be utilised in the Islamic financial sector.

Thus, to further enlighten us on the technological advancement and innovation that can be utilised in the financial sector, particularly the Islamic finance, the Islamic Business School (IBS) has organised a talk by the Adjunct Professor of IBS, Datuk Prof. Dr. Mohd Daud Bakar, entitled "Islamic Finance Technology and Innovation". The event was held at the Seminar Hall, Islamic Centre UUM.

Datuk Prof. Dr. Mohd Daud explained that, the world is dealing with more advanced technology and innovation compared to the existing technology such as the email, fax or internet system.

"IR4.0 via smart communication, introduces us to a new asset known as "data". Big Data, Internet of Things, Artificial Intelligence and robotics are the main components of IR4.0. These components should be applied in Islamic finance if we want to ensure that Islamic finance industry is not left in the dust and this will also help to us to produce cheaper, smarter, easier and faster products," he added.

According to Datuk Prof. Dr. Mohd Daud, who is also the Chairman of Amanie Group and the Chairman of the Shariah Advisory Council, Bank Negara Malaysia (BNM), the evolution of technology in finance began with the digitization of customer data.

"When the financial sector transforms the customers' data into the digital form, this act marks the beginning of technological advancement in the financial industry. The digitization of all things is crucial, given that we can set the algorithms to operate like small robots to verify data quickly, accurately and it is certainly inexpensive. This provides us with a solid basis to improve our risk management, check bankruptcy status of individuals and many more.

"Robotic technology will take over human labour in IR4.0 but human still play an important part in this development since we are the one who will develop and formulate the algorithms to be programmed into the robotic system," he said.

Datuk Prof. Dr. Mohd Daud also touched on the recent developments in financial industries including blockchain, cryptocurrency, smart contract, Initial Coin Offering (ICO) and fintech.

Also present during the talk were the Dean of IBS, Prof. Dr. Asmadi Mohamed Naim, lecturers and UUM students.

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