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Important Dates (GMT +8:00)

  1. Full Paper Deadline: 25 July 2013
  2. Acceptance Notification: 30 July 2013
  3. Camera-ready Paper Deadline: 16 August 2013
  4. Early Bird Deadline: 7 August 2013
  5. Participant Registration Deadline: 16 August 2013



Universiti Sains Islam Malaysia invites all Scholar, Researcher, Government Regulator, Corporation and Student to participate in The 5th Islamic Economic System Conference 2013 with the theme of


“Sustainable Development Through the Islamic Economic System”


IECONS 2013 Parallel Sessions Timetable is now available in the download document lists



The 5th Islamic Economic System Conference

(iECONS) 2013


Sustainable Development Through the Islamic Economic System

4 - 5 SEPTEMBER 2013, Berjaya Times Square Hotel Kuala Lumpur




Economic growth is vital for Islamic countries in order to ensure stability and sustainable development. The Muslim population is continually increasing; and the number is expected to reach 2.1 billion people by end of 2013. The Islamic economic system will naturally draw its strength from this growing number of Muslim population. Shariah-compliant assets totalled more than USD 1 trillion by the end of 2012, and the potential market is expected to continue its robust growth in 2013. IranSaudi Arabia and Malaysia have the biggest Shariah-compliant assets. These assets include bank deposits and money funds in Baitulmal such as zakat, sadaqah, waqf and others. If these assets are used efficiently to generate wealth among Muslims in various sectors of the economy, this will lead to improvement in the socio-economic development in a particular country and the community in general.

The development of Islamic Economy in Malaysia has entered into its third phase. Islamic Bank for instance, with the age of 30th years of operation, the efforts are channelled towards strengthening financial institutions to better serve not only the local but also international markets. Towards this end, innovation, reengineering and research are also strongly being promoted. Apart from this, he role played by finance based Islamic institutions like Baitulmal and Tabung Haji (The Pilgrimage Fund) should not be overlooked. There have been significant improvements in the running of these non-bank institutions (Ijtimaie sector) that have enabled them to be more dynamic and responsive. Their existence also  urges a redeployment of strategies to foster sustainable development for the benefit of maslahah.

The recent financial crisis for example, has inspired us to produce new products, procedures, services and support system according to Shariah but which at the same time are also vibrant and immune to financial crises. Focusing on the banking and finance sectors, a big question is how should they be encouraged to be more competitive and progressive. It is hoped that this will generate prosperity and sustain development as a platform for future financial prospects. Against this backdrop, the 5th Conference on Islamic Economic System (iECONS 2013) seeks to explore, develop and expand on the special theme called “Sustainable Development through the Islamic Economic System”. The conference provides a platform for open dialogues and discussions among academics, researchers, postgraduate students, and practitioners to address current and pertinent issues, prospects, challenges and opportunities in the Islamic economic system. It will be held for two days from September, 4th until 5th 2013 in Kuala Lumpur, Malaysia. All experts, scholars and interested parties around the world are cordially invited.




  1. To discuss theoretical and applied research related to the Islamic Economic System from different areas of research.
  2. To analyse current issues and challenges in the world today and to determine the relationship between sustainable development and Islamic Economic system.
  3. To provide a platform for exploring and implementing Shariah Islamiyyah in the areas of economics, banking and finance, muamalat, accounting and others.
  4. To bring local and international scholars together for the exchange of ideas and to assess the current state of knowledge and development of the discipline in theory and practice.




1)  Waqf and Economic Development


2)  Islamic Monetary Policy & Finance


3)  Islamic Social Security


4)  Institutional Trade & Economic Development of Muslim Countries

5)  Islamic Economic System

6)  Islamic Banking, Finance & Investment

7)  Best Practices / Policy Study & Halal Industries

8)  And any other relevent areas of interest in Islamic Economics




Papers in Malay and Arabic must include an abstract in English.  Manuscript must be written with font size11, Times New Roman and single spaced.  The full paper must be submitted via online submission system by 28 June 2013.   Detailed guidelines of the paper can be downloaded from the conference website. Format of Paper Writing.  Paper presenters are advised to adhere to the guidelines and deadlines.

Please be reminded that papers submitted to the iECONS 2013 conference must not have been previously published elsewhere.


Best papers will be selected on the basis of review reports from the conference’s panel reviewers. Three winners will receive an honorarium, certificate and an invitation to publish the paper in The Journal of Muamalat and Islamic Finance Research (JMIFR).



All participants and presenters paying the full package (MYR 750.00 for early bird and MYR 850.00 for normal rates) are eligible to get 50% discounts for one year’s membership in the Malaysian Muamalat Association (MMA).



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Participants may reserve accommodation at the venue of the conference as follows;

Berjaya Times Square Hotel,
1 Jalan Imbi, 55100 Kuala Lumpur

Reservation Form: Click Here
Phone : +60 (3) 21178000
Fax      :+ 60 (3) 2143 3352
Email   : bth.rsvn@berjayahotel.com

All travelling and accommodation expenses will be borne by participants. Participants are to arrange for their own accommodation. Participants are encouraged to stay at the conference venue or nearby hotel as follows:

Hotel Melia, Kuala Lumpur
Phone : +60 (3) 2785 2828
Fax      : + 60 (3) 2785 2800

The Ritz-Carlton, Kuala Lumpur
Phone : +60 (3) 2142 8000
Fax      :  +60 (3) 2143 8080

Fahrenheit Suites
Phone : +60 (3) 2148 2686



Faculty of Economics and Muamalat





Malaysian Muamalat Association (MMA)



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