The 7th International Conference on Islamic Banking and Finance:
Risk Management, Regulation and Supervision
'Financial Stability and Systemic Risks'
(7th ICIBF 2016)
31 October - 1 November 2016
Venue: Sarajevo, Bosnia-Herzegovina
Organised by
Islamic Research and Training Institute, Islamic Development Bank Group and
The European Association for Islamic Economics, Banking and Finance
With the Support of
University of Sarajevo, School of Economics and Business Sarajevo
CALL FOR PAPERS
BACKGROUND
The global Islamic finance industry has witnessed a steady double-digit growth in assets over the past few years. The appeal for the Islamic finance is its simplicity in concept and risk sharing. During the recent global financial crisis, there was not any major collapse in the Islamic banking industry. Proponents of Islamic banks suggest that resilience that Islamic banks demonstrated during the crisis was due to the business model of Islamic banks that do not allow for investment in speculative assets such credit default swaps. On the other side, it is argued that Islamic banking sector was not systemically big enough to be affected by the economic shocks during that period.
Now Islamic financial assets are estimated to surpass the USD 3 trillion and further growth is expected. The share of Islamic banking assets in at least ten countries including Saudi Arabia, Malaysia, Iran, and Pakistan, are above 10 percent of the overall banking sector. The theoretical promise of risk sharing in the Islamic banking not only provides the opportunities for an alternative approach to conventional banking but also pose some potentially significant challenges to the global financial system. The growing systemic importance of Islamic banks presents important questions for policy makers, regulators, and practitioners in the areas of risk management, regulations,and supervision in the interconnected and integrated global financial system.
Against this backdrop, Islamic Research and Training Institute (IRTI),and the European Association of Islamic Economics, Banking and Finance (EUIEBIF) with the support University of Sarajevo, School of Economics and Business Sarajevo (SEBS) will organise a two-day event on risk management, regulation and supervision with a particular emphasis on “Financial Stability and Systemic Risk” in the context of Islamic financial system. The conference aims to explore a broad range of topics, including but not limited to:
• Contemporary risks to financial stability arising from Islamic banking model in an integrated financial system;
• The role of Islamic Financial Stability Board (IFSB) in designing framework and promoting regulatory reforms for Islamic banks with the aim to promote financial stability of the global financial system;
• Systemic risks: Measurement Approaches for Islamic banks and Islamic Financial system
• Macro/micro-prudential regulatory framework supporting financial stability;
• Incentive based regulatory framework in Islamic financial system;
• Applied Stress Testing: Framework, Methodology and Modelling.
• Other relevant topics
PUBLICATION OPPORTUNITIES
In consultation with the conference organizers, and the managing and subject editors of Emerging Markets Review, Journal of Multinational Financial Management and Journal of International Financial Markets, Institutions and Money, authors of selected papers will be invited to submit their papers to a regular issue of these journals with a fast-tracked review.
Registration and Submission
Registration and submission Full Paper must be done electronically through the online submission system.
- All submissions shall preferably be in MS Word format. Submissions should be original contributions and will go through an evaluation process. Selected papers will be the copyright of the conference organisers.
- Click on the "Registration" menu to create ConfBay Account and proceed for conference registration by logging in the system.
- Click on "Online Submission" menu to submit your full paper.
Registration fee, TICKETS and ACCOMMODATION:
There is no registration fee for authors. However, participants are responsible for their own transportation and accommodation. The local organiser could assist in the hotel reservation and issue letters of invitation for the visa purpose.
City of Sarajevo, European Association of Islamic Economics, Banking and Finance (EUIEBIF)
You can find more information about Sarajevo and EUIBIF in the following links:
City of Sarajevo: http://www.sarajevo.ba/en/
EUIBIF: http://www.islamicfinanceeurope.com/
SEBS: http://www.efsa.unsa.ba/ef/en
Queries related to conference organisation should be addressed to:
IRTI
Mr. Sajjad Qurban
Email: squrban@isdb.org
Tel: +966 12 646 6373
EUIEBIF
Mr. Anes Prentic
Email: anes.prentic@islamicfinanceeurope.com
Tel: +387 33 564 368