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Important Dates (GMT +8:00)

  1. Abstract Deadline: 6 December 2020
  2. Abstract Acceptance Notification: 10 December 2020
  3. Full Paper Deadline: 15 December 2020
  4. Acceptance Notification: 20 December 2020
  5. Participant Registration Deadline: 1 January 2021



This invitation and call for abstract/full paper are addressed to all participants. Submissions are online before the deadline.

The 4th World Islamic Economics and Finance Conference (WIEFC 2021)

Organized by

Minhaj University Lahore, Pakistan


On 30 and 31 January 2021

Venue: Minhaj University Lahore

To go back to University WebsiteClick Here

“Pandemic Crisis, Digitalization and Social Responsibility:  An Emerging Role of  Islamic Economics and Finance”

Call for Papers

On March 11, 2020 the World Health Organization declared the coronavirus outbreak as a global threat for world economies and health systems. The COVID-19 outbreak, economic lockdowns, social distancing and travel restrictions have significantly damaged global economic activity. The outbreak has severely impacted business enterprises and households alike. Small and medium enterprises (SMEs) are notably vulnerable in this pandemic, representing approximately 90 percent of all global enterprises, and consisting of more than 50 percent of employment. The repercussions of the COVID-19 pandemic are manifested through economic recessions globally. The World Bank has estimated the possibility of a 5.2 percent contraction in global GDP in 2020 and  more severe socio-economic consequence for years to come. Per Capita incomes are anticipated to shrink for the majority of emerging and developing economies, pushing millions of people back into poverty and hunger. Serving as the most detrimental economic outlook since 1990, this crisis poses a threat to historical productivity – reversing economic gains, exacerbating poverty levels, and preventing the achievement of several Sustainable Development Goals (SDGs). In this regard, the Islamic finance industry has to work beyond industry interest for the sake of betterment of society.

In the midst of this crisis, the importance of digitalization has been realized by industries ranging from health, housing, job creation to industrial manufacturing. The digital environment is becoming more significant and indispensible for businesses irrespective of business size. Policymakers and executives in the financial industry are increasingly undertaking digital transformation to  establish new systems to explore and act upon technology and new market trends.  The current digital upsurge also has an important role to play in supporting the overall economic state of developing countries, where economic digitilisation is apparent through the adoption and utility of Internet Based Mobile Apps and mobile technologies

As global economies face critical challenges within an age of digitalization, it is crucial to foster a movement for digitalization in the Islamic finance industry and determine a direction for the future. It is important to address existing challenges as well as attain sustainability goals.

With this framework, Minhaj University Lahore and La Trobe University Melbourne are jointly organizing a conference to share ideas within an academic forum. Next year is the 4th international conference on Islamic economics and finance with the theme of ‘Pandemic Crisis, Digitalization and Social Responsibility: An  emerging role of  Islamic Economics and Finance’. The conference will utilize the university’s strength to focus on the consensus that the Islamic banking and finance industry (IBFI) should be more inclined towards ethical and social concerns than the conventional system. Furthermore, the optimal role of governance, innovative products and their mechanisms in providing stability and trust will be an important part of the main theme. Contributions should address research gaps in these areas in particular.

Nevertheless the continuous discussion and conversation that are currently taking place among academicians, this conference aims to address a specific issue related to a future road map of Islamic economics and finance. In particular, the conference will address questions such as:


1.    Pandemic Crisis and Performance of Islamic Financial Institutions
2.    Socio-Economic Challenges and Role of Islamic Finance Industry
3.    Revitalization of Islamic Social Finance and SDGs/ Financial Economics & Islamic Social Finance
4.    Digitalization of Islamic Finance Industry: Myth or Reality?/ Banking Revolution Industry 4.0
5.    Development of Halal Industry through Islamic Finance
6.    Islamic Fintech, Block Chain & crowd funding: Current landscape & Path Forward
7.    Islamic Capital Market : Resilience and Growth
8.    Accounting, Governance and Legal Issues in Islamic Finance Industry
9.    Islamic Political Economy


Please ensure your submission meets the WIEFC 2020 strict guidelines for accepting scholarly Papers. Submit your abstracts and full papers online.

Participant/Presenter Registration

Online Paper Submission



For Further Details
Dr. Khurram Shahzad, (director.academics@mul.edu.pk)
Mr. Umair Abbas, (umairabbas@mul.edu.pk)
Minhaj University Lahore,
Punjab, Pakistan

Website: www.mul.edu.pk
Email: conferences@mul.edu.pk
Landline: +924235145621-624, +924235233121
Mobile: +9203034434325