Islamic Micro-Finance and SocialResponsibility

2nd Islamic Finance Conference

Islamic Microfinance and Social Responsibility

Jeddah 2016 (IFC2016)

Venue: Effat University – Jeddah- Kingdom of Saudi Arabia

Date: April 20- 21 2016


Background of the Conference

The tremendous growth of Islamic finance has proved that Islamic finance is a viable alternative solution for conventional finance. The estimated growth of Islamic finance is around 15% and with $ 1.5 trillion asset worldwide. Islamic Microfinance is still small segment in Islamic finance industry compared to other segments such as Islamic banking and Islamic capital market, etc. Islamic Microfinance is a segment with great potential for growth. It is assessed that Islamic microfinance is 1% of the total Islamic finance. Development of microfinance helps countries to increase their growth and the welfare of the less privileged people in the society. This conference will provide you with opportunities to collaborate with Academics, researchers, government, and practitioners to develop innovative solutions to Islamic micro-financing challenges; and share best practices in this area. This will give participants in this conference the exposure to not only the theory but also the practical applications of Islamic micro-financing and their impact on economic growth.


The conference is intended for researchers, academicians, regulators, and business entities who are interested in enhancing knowledge and ideas in Islamic Microfinancing.


  1. Increase the understanding and awareness of Islamic microfinance and its implementation.
  2. Offer innovative practical solutions related to contemporary challenges on Islamic microfinance.
  3. Provide opportunities to participants share best practices and publish their research on Islamic economics and finance issues.

Strengthen the cooperation on Islamic economics practices among industry, academic institutions, and government.

List of grand themes:

  • Role of Islamic microfinance in social development
  • Entrepreneurship and microfinance
  • Alleviating poverty
  • Socio-economic impact of Islamic microfinance
  • Success stories
  • Miscellaneous topics

REGISTRATION AND ONLINE SUBMISSION: Registration and submission of full paper must be done electronically through the online submission system. Link:

Abstract Submission: Manuscript should present original idea and not published or submitted for publication in other forums. The abstract should outline the introduction, objectives, methodology, result & analysis, and conclusion. It should not be more than 300 words (MS Word using Times New Roman, 12pt font, maximum of 7 keywords and JEL codes).

Electronic submission of abstract through email. Author(s) contact information (title, names, affiliations, addresses, telephone numbers, fax numbers and e-mail addresses) must be stated on the first page of paper or abstract.

Paper Publication and Presenter Registration: Every accepted paper must have at least one author registered to the conference by time the paper is submitted; the author is also expected to attend the conference and present the paper. Conference Fees: US$ 200 for participant and US$150 for presenter (US$ 50 for student).


  1. Abstract Deadline: March, 10th 2016
  2. Abstract Acceptance Notification: March, 20th 2016
  3. Full Paper Deadline: April, 5th 2016

We look forward to receiving your submissions.

Further details


Industry Updates

Welcoming the golden age read more

Bitcoin Startup Company Helps Muslims Get Loans read more

SME Bank targets 90pc Islamic financing portfolio read more

Islamic finanrce needs good talent to help it develop read more

US startup brings innovative Islamic microfinance to Indonesia read more

Thomson Reuters named “Best Research House” read more

Final approval for takaful law expected soon; industry constitutes 6% in total business read more

Third annual Ethical Finance Innovation Challenge AND Awards (EFICA)

Thomson Reuters, in partnership with Abu Dhabi Islamic Bank, is proud to announce the launch of the third annual Ethical Finance Innovation Challenge & Awards (EFICA). The global awards champion new ideas that strengthen and advance ethics in finance to transform the global financial industry. EFICA is open to all.

The response to EFICA in 2013 and 2014 has been nothing short of encouraging for the future of the global financial services industry. We received over two hundred applications from individuals and organisations around the world from different sectors and backgrounds. Similar to the process in previous years, we will shortlist the best submissions to progress to workshops with the advisory board. Winners are then selected, by audience vote, during the EFICA gala dinner which gathers industry peers and experts.

read more

The lack of equity finance – really a problem of moral hazard?

by : Michael Gassner, Editor of

Michael Gassner, Editor of presented on the 3ème Congrès International de la Finance Islamique “Les Banques Islamiques et le Financement des Entreprises: Pratiques et enjeux théoriques” en Marrakech, 25/26 Mai 2015.

The presentation discussed that exponential growth of debt in Islamic finance is ruled out, nevertheless, debt and equity finance exists. The specific significance of equity finance (musharaka, mudaraba) lies in need for solid debt/equity ratio, as Muslims shall never die being in debt. Still Islamic banks barely provide any equity finance and the reason often given are moral hazard costs. This is denied as debt as well as equity has specific moral hazard problems, and if anything, even conventional banks would offer a mixture of debt and equity. Rather the assumed reason appears to be in the regulation (capital weight) and taxation (interest deductibility), which makes equity financing from a bank 2-4 times at least more expensive than debt finance, and thus not worth being offered.

The attached presentation is in French.

The organiser of the conference was the Groupe de recherche en Innovation, Responsabilités et Développement Durable (INREDD, UCA, Marrakech) Et the Bernoulli Center for Economics (BCE, Université de Basel, Suisse).

Islamic Venture Capital and Entrepreneurship in Islamic Finance – Call for Papers: First International Conference on Entrepreneurship, Leadership and Sustainable Development Global Entrepreneurship: Connected continents, new opportunities

Please let know if you have any topics related with Islamic venture capital or entrepreneurship in Islamic finance. This can be added to the conference. email :

Call for Papers: First International Conference on Entrepreneurship, Leadership and Sustainable Development Global Entrepreneurship: Connected continents, new opportunities

At Effat University in Collaboration with World Entrepreneurship Forum Jeddah – Saudi Arabia – May 04-05 2015

Advisory Board is pleased to announce the Call for Papers for the First peer reviewed International Conference on Entrepreneurship, Leadership and Sustainable Development at Effat University Jeddah Saudi Arabia.
Papers to be published in Journal of Entrepreneurship, Leadership and Sustainable Development, joint publication from United Kingdom by Effat University, World Association of Sustainable Development and Brighton University.

Conference Themes

The Conference will address a range of critically important issues and themes relating to the Entrepreneurship, Leadership and Sustainable Development community. Plenary speakers include leading thinkers in the field.
Abstracts for paper presentations or posters/exhibits on the issues through one of the following themes:

1. Entrepreneurship in Middle East
2. Female Entrepreneurship in Middle East
3. Ecosystem Strategy of Entrepreneurship Development
4. Entrepreneurship as a Means of Global Connectivity
5. Innovation to foster Entrepreneurship
6. Maternalistic Leadership
7. Leadership
8. Development of Young Leaders
9. Sustainable Development in Middle East
10. Entrepreneurship Practice / Family Businesses

Abstracts beyond these thematic areas but within broader framework above will also be considered.
On payment of a fee the Presenters will also have the chance to:
• Perform Umra • Desert Night • Snorkeling in Red Sea • Historic Jeddah City Visit

To Submit abstract or a Paper

Securing Visa for Saudi Arabia is a long and complicated process. Please send the copy of passport and 100 words biographical sketch along the abstract/paper for processing of the visa by Effat University.
• Submission of Abstract – March 07, 2015
• Result of Peer review – March 14, 2015
• Submission of Paper – April 21, 2015


US$: 200.00 or SR. 750 (Two Hundred United States Dollars or Seven Hundred and Fifty Saudi Riyals)