Sydney, Australia – 20 November 2023
Ashabul Kahfi Islamic Centre, in collaboration with Muhammadiyah Australia College (MAC) and the MCCA Islamic Finance and Investment, successfully organised the seminar on Islamic, Economics, Finance and Technology Australia (IEFTAR) 2023 at the Consulate of Indonesia in Sydney, Maroubra on Saturday 18 November bringing together prominent speakers and participants to delve into the theme of “Public Education and Awareness in Australia about Sharia Economics and Finance.”
Dr Teuku Aulia Geumpana, Program Chair of IEFTAR 2023, emphasised the pivotal role of Islamic finance in fostering ethical economic growth. He expressed optimism that IEFTAR could serve as a platform to initiate positive changes, encouraging prosperity for the Indonesian Muslim community in Australia and beyond.
The seminar commenced with an opening address by Mr Vedi Kurnia Buana, Consul General of Indonesia in Sydney who commended Ashabul Kahfi for initiating this commendable program and stressed the need for collaborative efforts to ensure a broader societal impact further encouraging more organisations to participate in future endeavours.
Moderated by Mr Adi Budianto, the distinguished speakers provided valuable insights during the event: Professor Arief Helmi shared his expertise on Shariah marketing, drawing on his experience from the School of Economics and Business at Padjajaran University in Indonesia followed by Brother Andi Lukman Hakim who discussed the topic of Takaful in Australia, offering his knowledge and perspectives as an alumnus of INCEIF University.
After the break, Mr Teuku Nanta Seutia shared the journey of Muhammadiyah Australia College in establishing its first Islamic school in Australia while Mr Muhamed Saeed wrapped up the panel session by providing an overview of Islamic finance in Australia and highlighted MCCA’s significant contributions to the cause.
Around 60 participants attended the seminar both onsite and online, engaging actively in a thought-provoking question-and-answer session. The diverse range of critical questions demonstrated the participants’ eagerness to delve into the intricacies of Islamic economics and finance.

The participants at IEFTAR 2023 seminar.
The event concluded with remarks from Sheikh Dr Chalidin Yacob, the founder of Ashabul Kahfi Islamic Centre, and a closing prayer (dua) by Ustadz Muhammad Ziyad Al-Khalidi, wrapping up a successful and enlightening IEFTAR 2023 seminar.
Ashabul Kahfi Islamic Centre expresses gratitude to all collaborators, speakers, and participants for contributing to the success of IEFTAR 2023. The center looks forward to future initiatives that continue to foster knowledge, collaboration, and awareness in the realms of Islamic economics, finance, and technology.


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