Date: 2009 February 18 (Wed) 9:50-18:45
Venue: Conference Room (AA447), the 4th floor of Research Bldg. No. 2
(Faculty of Engineering Bldg. No.4), Yoshida Main Campus, Kyoto University
*Access Map for Yoshida Main Campus
http://www.kyoto-u.ac.jp/en/
http://www.kyoto-u.ac.jp/en/
*Access Map for Research Bldg. No. 2
http://www.kyoto-u.ac.jp/en/
http://www.asafas.kyoto-u.ac.
Special Guest: Dr. Muhammad Umer Chapra (Islamic Research and Training Institute, Islamic Development Bank)
Organizers:
Center for Islamic Area Studies at Kyoto University (KIAS);
Kyoto University Global COE Program: In Search of Sustainable
Humanosphere in Asia and Africa;
Ritsumeikan Asia Pacific University
【Program】
13:00-13:10, Opening Remarks
Session 1: Islamic Economic System and Economic Development (13:10-14:30)
13:10-13:40,
Speaker: Dr. Muhammad Umer Chapra (Islamic Research and Training
Institute, Islamic Development Bank), "The Concept of Economic
Development in Islamic Economics"
13:40-14:30, Discussion
Comment 1: Prof. Kaoru Sugihara (Kyoto University), from the framework
of sustainable humanosphere
Comment 2: Prof. Nabil Maghrebi (Wakayama University) from economics or
development economics
(Tea Break)
Workshop Speech (14:45-16:00)
14:45-15:15,
Speaker: Dr. Muhammad Umer Chapra, "The Prevailed Financial Crisis and
Islamic Finance"
15:15-16:00, Round Table: On the Current Financial Crisis
Discussant 1: Prof. Yasushi Kosugi (Kyoto University)
Discussant 2: Mr. Etsuaki Yoshida (Japan Bank for International Cooperation)
(Tea Break)
Session 2: Entanglement of Islamic Economic System and Modern Capitalism
(16:15-18:00)
16:15-16:45,
Speaker 1: Mr. So Saito (Attorney, Nishimura & Asahi), "Islamic Finance
and Japanese Legal and Economic System"
16:45-17:15,
Speaker 2: Mr. Shinsuke Nagaoka (Kyoto University), "Towards Analytical
Framework of Entanglement of Islamic Economic System and Modern Capitalism"
17:15-18:00, Discussion
Comment 1: Prof. Koji Muto (Ritsumeikan Asia Pacific University), from
the experience of UK
Comment 2: Prof. Takio Mizushima (Tokushima University), from
comparative economic thought
18:00-18:10, Concluding Remarks
Inquiries:
All inquiries concerning the symposium should be addressed to
KIAS Office
The relentless efforts made by some Muslim countries toward the restructuring of the economic system according to Islamic principles started in the middle of the 20th century. The fruits of such endeavors materialized with the launching of the Islamic financial system and banking sectors in the 1970s. The ultimate objective of this was to implement an alternative form of economic and financial system that is different from the modern capitalist standard. These efforts resulted in the development of the independent academic discipline called “Islamic Economics”. The pursuit of academic research in this discipline reflects the desire to explore the merits and limits of alternative paths toward economic development.
The present workshop aimed at examining the essence and tenets of “Islamic Economics” and its perspectives on economic development (Dr. Chapra’s presentation), and discussed its perspective from the viewpoint of the concept of a sustainable humanosphere, which was also the subject of parallel research within the Global COE Program (www.humanosphere.cseas.kyoto-u.ac.jp/en). The focus was also centered on the merits of Islamic finance relative to conventional financial practice as far as economic development is concerned. Particular attention, in the discussant’s comment, was also given to the characteristic properties of the Japanese and East Asian paths toward economic development in the context of the diversity of the path toward economic development.
(2) “Entanglement” of Islamic Economic System and Modern Capitalism
Recently, the practice of Islamic finance is growing rapidly whilst utilizing the recent innovations in the field of conventional finance, and is now expanding to the non-Islamic countries such as Europe and those in the US. Many bankers are interested in the consistencies between the Islamic financial system and modern legal and economic system in the relevant countries.
On the basis of such an interest mentioned above, this workshop also aimed at arguing some issues under discussion in the case that Islamic financial operations will launch in the Japanese legal and economic system (Mr. Saito’s presentation). Furthermore, we discussed the research framework in order to analyze the revelation of the “entanglement” of the Islamic economic system (Islamic finance) and modern capitalism.
(Shinsuke Nagaoka)