Jakarta, 15 July 2023 – The Action Based Learning (ABL) team, led by Associate Dean of the School of Graduate and Professional Studies Prof Dr Zukarnain Muhamad Sori, recently made an exploratory to Indonesia.

The primary objective of the visit, on 10 to 14 July 2023, was to hold preliminary discussions with potential collaborators in Jakarta and Bogor for consultancy projects under the ABL course. Among the organisations met were Otoritas Jasa Keuangan, Global Halal Centre Bogor, Alami Institute, PT Bank Tabungan Negara (Persero) Tbk and Islamic Relief Indonesia.

These potential partners showed strong interest in the ABL projects particularly in expanding in the areas of halal economy, Islamic fintech and sustainability.

The team also had a casual catch up with INCEIF students and alumni in Jakarta and Bogor. Indonesia is one of INCEIF’s main foreign markets due to its close proximity to Malaysia and the fact that the country is home to over 200 million Muslims.

The ABL course is part of the curriculum for full-time students from INCEIF’s Masters in Islamic Finance Practice, Master in Islamic Finance programmes and MBA (Sustainable Business). The course provides students with the opportunity to translate their academic-based knowledge into action by solving business issues through active exploration of real-world problems. Students consult with these organisations on pressing issues of strategic importance, providing substantive analysis and recommendations for projects in the area of trend & behaviour analysis, marketing, business strategy and sustainability.

This pragmatic approach requires students to use diverse skills, including analytics, critical thinking, problem-solving, collaboration, and communication. Nearly 40 organisations, including financial institutions, fintech companies, government agencies, non-governmental organisations & government-linked companies, have participated in this course since ABL’s inception in 2019.

As a university, the opportunity to collaborate with the industry is invaluable, particularly for students as they are placed in real situations to prepare them to thrive in the dynamic world.

Ends.