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Important Dates (GMT +8:00)

  1. Full Paper Deadline: 28 February 2021
  2. Camera-ready Paper Deadline: 8 March 2021
  3. Participant Registration Deadline: 18 March 2021


Conference Call for Participation in:

The 11-th Foundation of Islamic Finance Conference (FIFC) 2021

Free of Fee Participation for Co-authors / Post Graduate Students
Registration open till 18th March 2021

Free of Fee Participation for
Co-authors / Post Graduate Students
Registration open till 18th March 2021

“COVID-19 Challenges to Islamic Financial Firms and Economies”

This international consortium of leading universities share the key goal of developing authentic literature in Islamic Finance as a scholarly discipline by organising a three-day web-based conference. The seven universities are: Sunway University, Malaysia as the host organiser jointly with INCEIF, Malaysia; Istanbul University, Turkey; Hamad Bin Khalifa University, Qatar; Istanbul Commerce University, Turkey; Latrobe University, Australia; Istanbul Sabahattin Zaim University, Turkey jointly holding this conference. The consortium of international universities is proud to host an international meeting using Emerald’s Gotowebinar platform as a service to this scholarly endeavour.

FIFC started with a very large financial grant from the Australian Research Council in 2005 to a research team led by Prof Mohamed Ariff at the Monash University, Australia to generate original research to add new authentic literature to the then emerging discipline of Islamic Finance. The first three meetings were held in Melbourne, Australia, after which subsequent meetings were hosted internationally in the United Arab Emirates, Bahrain, Durham University, and Lancaster University in the U.K.as well as UUM, INCEIF & Sunway University in Malaysia. This series of conferences has led to the publication of eight peer-reviewed books on Islamic banking, sukuk, financial institutions, wealth management, economics &banking risk published by reputed publishers Edward Elgar, John Wiley, etc. Islamic Finance series. Together with the best papers identified published at each meeting and also published independently by paper presenters in journals over nine years, there is strong evidence of creating an authentic literature by the FIFC. We invite you to participate for the 11-th conference in 2021, the aims are:

(i) Program: All peer-reviewed accepted papers are to be presented during 3-days of presentations/discussions of your papers following our blind review process for selection of extended abstracts/papers by the International Review Panel of professors.

(ii) Best Paper Awards: Of the papers presented/discussed as evidencing original contributions to the growing IF literature, four papers will win the Certificate of Best Paper Award. The winning papers are to be published subsequently in one or more journals associated with the 11-th FIFC. Authors must indicate on the first page to participate in the competition, and if the paper is selected shall not withdraw from publishing in the journals associated with the 11-th FIFC. In addition, two best practice-relevant or applied papers will win Certificate of Best Paper Awards. This prize is provided by the Chartered Financial Analyst body. These winning papers will be decided by the Review Panel only and shall be published in the CFA’s Asia-Pacific journal for use by CFA community.

(iii) Journals: A number of other-than the best papers will be selected by the editor(s) of three ranked Scopus-indexed journals (Journal Islamic Accounting & Business Research; Turkish Journal of Islamic Economics; and Bursa Istanbul Review (tbc)) as associated journals of 11-th FIFC. The selected papers by a Review Panel will undergo a further journals’ review process, if accepted, published in the three associated journals. Hence there is opportunity to publish your good works in a career-okay journal.

(iv) Islamic Finance Book: A number pre-commissioned chapters for a book “Capital Market Research in Islamic Finance” will be presented during a plenary session for discussion/comments for the writers to revise and contribute to a book to be published after the conference. Papers presented under and falling within the coverage of the book may be invited to be included in the book. It is the intention of the organisers to consider publishing another book book by Routledge, details of which will be revealed at a later date.

Eminent Scholars’ Keynote Addresses:

• Prof. Necdet Sensoy of Istanbul Commerce University Turkey

• Prof. Michael Skully, Chair of Banking, Monash University

• Dr. Maria Bhatti, Western Sydney University, Australia

• Prof Brahim Saadouni, Professor of Accounting & Finance, The University of Manchester

Paper Submission Guidelines:

Please submit a copy of the manuscript with title page containing the paper title, authors’ affiliation and contact information, and an abstract of no more than 200 words if a full paper is submitted. If an extended abstract is submitted, the abstract should be no more than four pages in length. The Programme Committee will detach the cover page to ensure anonymity for blind review process. Please send MS-Word (.docx) version only. Initial target date for paper/abstract submission is any time from when you see this call. We will continue to consider submissions up to 28th February 2021.

For paper writers:
• At the minimum submit a 4-page extended abstract of the intended paper by 28th February 2021 for a review decision by the International Review Panel. It is preferable that author(s) send a full paper. A quick review decision will be conveyed in either case.
• Submit a digital version of a Word file via http://submit.confbay.com/conf/11-th_fifc_2021. You may send an email to 11fifc2021@gmail.com if you have problem using this website. Once a paper is accepted, a registration/submission fee of RM125.00 (preferably) (about US$30.00) needs
to be wired to the bank account that will be sent to the corresponding author of the accepted paper/abstract. Co-authors will also be notified of the decision. More information is available at http://submit.confbay.com/conf/11-th_fifc_2021 on submitting paper.

Book Chapter authors:
• A number of professors will be contacted very soon to consider/accept writing a chapter each on a specified topic area as identified by the Conference Group, along with an outline of the chapter to be commissioned. For the meeting, these contributors will prepare power-point files to present their findings during the webinar meeting as the contents of the chapters.
• The PPT file should be sent to 11fifc2021@gmail.com by 28th February 2021. The authors contributing to
the book will be exempted from the registration fee requirement.


•    Islamic Finance
•    Financial Economics
•    Islamic Wealth Planning and Waqf
•    Financial Markets and Institutions
•    COVID-19 Pandemic Crisis and Islamic Finance
•    Assets Pricing
•    Ethics and regulation of digital Islamic finance
•    Blockchain, cryptocurrency and tokenization
•    Dynamic Islamic Capital Market
•    Digital banking and Issues with Islamic financial innovation
•    Any other equivalent topics/ sub theme / track

Registration and Submission

a. Registration and submission of Full Paper must be done electronically through the online submission system.
•    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 abstract(s) / full paper.

b. Full Paper Format - Strictly follow the template which can be downloaded at "Download menu"


Conference Program Chair, 11fifc2021@gmail.com . Mobile: +60176164897
11-th Foundation of Islamic Finance Conference or FUFC 2021
Sunway University Business School, Sunway University
5 Jalan Universiti, Bandar Sunway,
47500, Selangor,MALAYSIA

Tel (O): +603-7491-8622 (Ext 7310)

QUERIES directed to individual university:

Prof. Shamsher Mohamed: INCEIF E-mail: shamshermohd57@gmail.com

Prof. Necmettin Kizilkaya: Istanbul University E-mail: nkizilkaya@istanbul.edu.tr

Prof. Necdet Sensoy: Istanbul Commerce University E-mail: necdetsensoy@ticaret.edu.tr

Prof. Ahmet Faruk Aysan: Hamad bin Khalifa University E-mail: ahmetfarukaysan@gmail.com

Dr Mustafa Disli: Hamad bin Khalifa University E-mail: mdisli@hbku.edu.qr

Prof. Ishaq Bhatti: Latrobe University E-mail: i.bhatti@latrobe.edu.au

Prof. Mehmet Bulut: Istanbul Sabahattin Zaim University E-mail: mehmet.bulut@izu.edu.tr