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Important Dates (GMT +8:00)

  1. Abstract Deadline: 21 September 2022
  2. Full Paper Deadline: 21 September 2022


Conference Call for Paper and Participation in:

The 12-th Foundation of Islamic Finance Conference (FIFC) 2022

12-th Foundation of Islamic Finance Conference (FIFC) 2022

1-2 October 2022 (Web-based with Sunway University, Malaysia as host)
8-9 October 2022 (in person meeting in Istanbul Commerce University & Istanbul Sabahattin Zaim University)

“Green Finance and Islamic Finance Challenges”

Islamic Finance is a new scholarly discipline that is served by FIFC (and a Society) via organising conferences and publications.[1] The five universities organising this year’s event are: Sunway University, Malaysia (the online host organiser) jointly with Istanbul Sabahattin Zaim University & Istanbul Commerce University, Turkiye (managing the Istanbul meeting on 8-9 October); La Trobe University, Australia; and  Universitas Indonesia. CFA Society Malaysia and CFA Institute ARX are awarding two prizes for industry papers; and Emerald Publishing is awarding six certificates of excellence to winning author(s). Emerald Publishing Ltd. is associated with this event to advance scholarly endeavour. The consortium is proud to host its twelfth international FIFC live meeting for two days at Istanbul Commerce University and Istanbul Sabahattin Zaim University to inaugurate an academic society for Islamic Finance.


We invite you to participate in the 12-th FIFC 2022 with the theme “Green Finance and Islamic Finance Challenges”. FIFC international series started with a very large financial grant from the Australian Research Council in 2005 to a research team led by Prof Mohamed Ariff then at the Monash University-Melbourne 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 at the Dubai International Finance Centre of United Arab Emirates, Bahrain, Durham University, and Lancaster University in the U.K. as well as UUM, INCEIF & Sunway University, in 2021 with Hamad Bin Khalifa University of Qatar, Istanbul Commerce University, Istanbul Sabahattin Zaim University and Istanbul University. This series of conferences has led to publications of nine peer-reviewed books (see page 5) on Islamic Banking, sukuk, financial institutions, wealth management, economics & banking risk published by reputed publishers Routledge, Edward Elgar, John Wiley, etc. as Islamic Finance series. Together with the best papers identified and published after each meeting as well as those published independently in journals over 11 years by paper presenters, there is a strong evidence of creating authentic literature by the FIFC network of eminent international scholars. It is likely, with your contributions, a book is planned to be published in 2024 on Green Finance.

Program: All peer-reviewed accepted papers are to be presented during 4-days (2-days online and 2-days  live presentations/discussions) of your papers following rigorous blind review process for selection of your full papers by International Review Panel. You need to indicate if you intend to be at Istanbul meeting.

(i)              Best Paper Awards: (See Footnotes 1 and 2 of the VIPs involved)

a)   Of the papers presented/discussed as evidencing original contributions to growing literature, six will win the Certificate of Best Paper Award. The winning papers are subsequently considered in one or more journals associated with the 12-th FIFC.

b)     Emerald will award, on the advice of the peer review committee, further six papers to be awarded certificates of excellence.

(ii)          Journals: (i) two industry relevant applied papers winning the CFA prize will be published in the web-journal of the CFA Asia-Pacific. (ii) Four academic best papers winning FIFC prizes will be referred to the editorial team of Journal of Islamic Business and Management (JIBM). The journal will publish these papers with direct communication with the corresponding authors of the four papers.

(iii)          Islamic Finance Book: On the subject of Green Finance, several papers pre-commissioned or as submitted papers, if reviewed to be suitable, will compiled as chapters for a book. Authors of the papers presented at the meeting and falling within the coverage of the book may be invited to contribute as chapters in the book. It is the intention of the organisers to consider publishing this book in 2024 by a reputable publisher: details to be revealed later, only if a contract is signed with a publisher.

What the organisers want to achieve is to pursue knowledge creation in accordance with the paradigm of Islam consistent with human ethics to promote “responsible financial practices”, which extols societies to engage in ethical financial transactions for finance to serve society. The Conference aims to enhance awareness on environment and social responsibilities to be the core responsibility of economics and financial practices.

Eminent Scholars’ Keynote Addresses:

·     Prof Tariqullah Khan, INCEIF, Malaysia

·     A Speaker from the Islamic Development Bank (TBC)


Please submit a copy of your manuscript with title page containing the paper title, authors’ affiliation and contact information, and an abstract of no more than 200 words (preferably as a full paper). FIFC’s first call in April has led to 43 registrants, and this is the second call. 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 full paper submission is any time from when you see this call. We will continue to consider submissions up to Thursday midnight 8 September 2022 GMT. At the time of submission on the title page, please indicate if you wish to travel at your cost to Istanbul to present your paper.


For paper writers:

·     Please submit your full paper (not exceeding 8,000 words) by 8 September 2022 for a review decision by International Review Panel. A quick review decision will be conveyed while corresponding author will inform co-authors of the decision.

·   Submit a digital version of a Word file via  https://submit.confbay.com/conf/12-th_fifc_2022. Once a paper is accepted, a registration + submission fee of US$50.00 needs to be wired to a bank account (to be advised to the corresponding authors) by 22 September 2022. More information is available later at the conference site on how to submit the paper and to register to pay fee.


Book Chapter authors:

·       Several professors identified by the Conference Group will be contacted to consider/accept writing chapters on a specified Green Finance topic with an outline of the chapter to be commissioned. These contributors will prepare power-point files to present their findings during the online meeting, get feedback, then completed revised chapter under 8,000 words two months after the online meeting.  

·     The PPT slide file should be sent to 12fifc2022@gmail.com by 10th September 2022. The authors pre-commissioned to write book chapters will be exempted from the registration fee requirements.

Registration fee:

·     (The conference participation fee of US$150.00-250.00 was charged in previous live conferences.) Now the fee is reduced to US$50.00 per paper presentation for the 12-th FIFC because of financial constraints at most universities. The lower fee is due to reduced expenses of hosting a web-based conference using the Internet platform. Important: Those attending the 12-th meeting will have the US$50.00 as your life membership fee of the academic society launched on 08/October/2022 in Istanbul. The Society is associated with the FIFC network of scholars so henceforth, the academic Society will take over financial responsibility of organising FIFC conferences.

[As resolved at the Inaugural Meeting of the Society in November 2021, the Society’s Protem Management Committee agreed to accept a sum of money saved over the past 13 years in the FIFC’s account at INCEIF by Prof Mohamed Ariff and Prof Shamsher Mohamed as a grant perpetual to the new Society. The FIFC, as a recognised brand name promoted across the world with resources spent by a network of eminent scholars, will continue to organise future conferences.]

·       Anyone wishing to participate on the online meeting is considered eligible to present their papers at Istanbul at their cost: indicate this on cover page. The registration fee remains the same. The travel and accommodation cost are to be borne by the paper presenters. The two Turkish universities may offer residential units/halls, cost borne by attendees. There are excellent hotels available as well.

Registration and Submission

a. Registration and submission of Full Paper must be done electronically through the online submission system.

b. Abstract and Full Paper Guidelines:

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


Conference Program Chair, 12fifc2022@gmail.com
12-th Foundation of Islamic Finance Conference Secretariat for FIFC-2022
c/o Sunway University Business School, Sunway University
5 Jalan Universiti, Bandar Sunway,
47500, Selangor, Malaysia; Tel (O): +603-7491-8622

QUERIES directed to individual university/Institutions/Liaison persons:

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

Prof. Mehmet Bulut, Zaim University                      E-mail: Mehmet.bulut@izu.edu.tr

(Liaison: Mr. Ozan Marasli)                                   Email: ozan.marasli@izu.edu.tr  

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

(Liaison: Ms.Hayrunnisa Kaya)                             Email:  hayrunnisa.kaya@istanbulticaret.edu.tr

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

Dr. Teguh Dartanto, Universitas Indonesia            E-mail: teguh.dartanto@ui.ac.id/(viverita.d@ui.ac.id)

Miss Chow Syn Nee: CFA Society Malaysia          E-mail: synneechow@malaysia.cfasociety.org

(Liaison: Miss Evelyn Tay)                                    E-mail: evelyn.tay@malaysia.cfasociety.org

Mr. William Loh: Emerald Publishing                     E-mail: wloh@emerald.com

(i)              On the subject of Green Finance, several papers pre-commissioned or as submitted papers, if reviewed to be suitable, will compiled as chapters for a book. Authors of the papers presented at the meeting and falling within the coverage of the book may be invited to contribute as chapters in the book. It is the intention of the organisers to consider publishing this book in 2024 by a reputable publisher: details to be revealed later, only if a contract is signed with a publisher.