As a national Higher Institution Centre of Excellence (HICoE), the Accounting Research Institute or ARI focuses on a specific niche research area – Islamic Financial Criminology (IFC). In essence, IFC encompasses two very important conceptual domains: Islamic Finance & Muamalat and Financial Criminology. Premised on the Shari’ah principles and requirements, the Islamic Finance industry has great potential to grow. Hence, research in Islamic Finance and Muamalat aspires to explore new models, new tools, new products and new methodologies that could support the prosperity of the Islamic finance industry in Malaysia. Financial criminology refers to the scientific study of the causation, correction, detection and prevention of financial crime in business and non-business organizations. Research in Islamic Financial Criminology therefore focuses on developing possible fraud risk mechanisms for the Islamic finance industry.