The growing importance of Islamic finance in the global financial system.

"That's why the demand for Islamic finance is increasing," he said.

The programme provides a strong foundation in the principles and practice of Islamic finance.

Najib also announced that five foreign law firms would be allowed to offer services in Islamic finance.

- The development of Islamic finance in the traditional financial system: challenges, approaches and solutions.

Jablanzcy specializes in management of business schools, financial markets and Islamic finance.

"Moral values and financial markets: Islamic finance against the financial crisis?"

"Islamic finance is just another form of asset-based investment banking," he said.

Dar's creditors might get their money back eventually, but they are quickly learning that Islamic finance has its own risks.

Experts in Islamic finance say that what they propose varies only slightly from conventional banking.