Third International Conference on Islamic Economics Putra World Trade Center Kuala Lumpur, Malaysia Rajah 23-25, 1412/January 28-30, 1992

Abstract

The Third International Conference on Islamic Economics was held in
Kuala Lumpur, Malaysia, during 23-25 Rajah 1412/28-30 January 1992 under
the auspices of Malaysia's International Islamic University (IIU) and in collaboration
with the Islamic Development Bank (IDB) and the International Association
of Islamic Economics (IAIE).
In his welcome address, 'AbdulHamid AbiiSulayman, rector, IIU, Kuala
Lumpur, Malaysia, stressed that Islam provides an alternative to the economic
system of the West and its reformed model, Marxism, which has collapsed.
The conference was opened by Datuk Sri Anwar Ibrahim, finance
minister of Malaysia, and was concluded by Datuk Amar Dr. Sulaiman Hj.
Daud, education minister of Malaysia. While recognizing the importance of
implementing Islamic principles in areas such as trade and finance, Anwar
Ibrahim felt that efforts to promote growth and generate wealth are more
pressing. He stressed the need for creating wealth to eradicate poverty, a
pivotal concern of Islamic economics.
Datuk Daud emphasized that institutions of higher learning should
develop rigorous and meaningful analytical tools comparable with Western ...