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.

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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)

International Congress on Islamic Economics and Finance (ICISEF)

Call for Papers
International Congress on Islamic Economics and Finance (ICISEF)
October 21-23 October 2015
Sakarya, Turkey
Event Website:
There has been growing interest in the field of Islamic Economics and Finance across the World, Muslim and non-Muslim countries alike. The stunning interest toward Islamic financial services stems from the fact that Islamic finance is growing much faster than the conventional one. Global Islamic investments have been reached to a great magnitude. However, this interest puts pressure and responsibility on the researchers and the professionals in the field of Islamic Economics and Finance to develop and promote truly Islamic ways of finance, investment and business.
To this end, Sakarya University, one of the leading institutions in Turkey in Islamic Economics and Finance, is organizing an international congress on Islamic Economics and Finance. The University is the first one in Turkey with its pure graduate program in the area of Islamic Economics and Finance and offers many elective undergraduate courses as well. Sakarya University has been organizing workshops in the field.“Islamic Economics and Finance Education”, “Public Participation Banking”, and “Financial Engineering and Fatwa Processes” have been the topics covered in the workshops so far. Now, the University has decided to organize first international congress on Islamic Economics and Finance in collaboration with Durham University, UK.
International Congress on Islamic Economics and Finance (ICISEF) will be held during 21-23October, 2015.The objective of ICISEF-2015 is to provide a platform for researchers, academicians as well as industrial and business professionals from all over the world to present their research papers in the area of Islamic Economics and Finance. It is expected that ICISEF-2015 would serve as a discussion forum and platform and that strengthen the link between academia and industry.
The Institute of Social Sciences and the Research Center for Islamic Economics and Finance at Sakarya University cordially invite abstracts and full length research papers from researchers to address any area of Islamic economics and finance including but not limited to:

Islamic Economics
Real sector
Business Ethics
Consumer Ethics
Income distribution, poverty
Labor disputes
Waging practices
Behavioral economics
Developmental issues
Islamic Banking
Financing modes
Risk management
Islamic Banking practice
Liquidity Management
Corporate social responsibility
Accounting in Islamic Banking
Islamic Capital Markets
Islamic indices and mutual funds
Asset management
Islamic financial literacy
Islamic ratings
Islamic Business
Marketing ethics
Corporate governance and social responsibility
Hiring practices
Halal industry
Fatwa procedures
Shariah boards
Differences in FiqhJurisdictions
Halal food
Dispute settlements

Papers in Turkish, English and Arabic are welcome and simultaneous translation will be provided.
“Best paper” award will be granted for a paper for each of the following categories: Islamic Economics, Islamic Finance, Islamic Banking,Fiqh, and “young academician”
The papers presented in ICISEF-2015 will be considered for publication in the Research Journal of Islamic Economics and Finance (REJIEF)

The First International Conference on Islamic Behavioural Finance


The First International Conference on Islamic Behavioural Finance

Dates: 24-25 November 2014

Over the past few decades, the behavioural finance theory has largely contributed to the understanding of various financial phenomena that were still puzzling under the standard finance principles. These theoretical principles were further developed and empirically tested resulting in a more sound conventional finance theory. Thus, the behavioural aspect imposed itself as an indispensable component of the finance theory. The same principle applies to the recently emerging Islamic financial system. In this context, though there have been tremendous studies on Islamic finance and Islamic investment, there are very few studies that have addressed specific topics within the behavioural finance framework.
Moreover, it is needless to say that currently, majority of the issues faced by Islamic finance and its future is highly related to the behaviour of investors as well as the other market players. Furthermore, the financial theory has long demonstrated that the investment patterns always have long run impacts on the market movements. In this regards, behavioural finance offers a comprehensive set of tools to identify these investment patterns and their possible influence on the overall development of Islamic finance.
In line with the above progress, and to contribute to the development of Islamic behavioural finance, the current conference is organised by Effat University, which marks the inspiration of the University to become a regional leader in Islamic Finance education and research. The conference will benefit the participants in the sense that it will offer a better understanding of behavioural Islamic finance and the outstanding issues marking the current practice of Islamic finance industry. The conference is also a great opportunity for international networking, particularly with the expected international attendance from various Islamic finance institutions. Furthermore, the conference will expose the participants to the international community of Islamic finance experts.

• To provide a better understanding of behavioural financial patterns in Islamic banking and finance
• To enrich the theory of Islamic behavioural finance
• To highlight the great importance of behavioural finance in developing Islamic finance industry and discipline
• To address various issues currently faced by the Islamic finance industry
• To acknowledge and highlight the financial needs to enhance research and development in Islamic finance by generous contributors like the setting of the Scientific Chair in Islamic Finance.

The main topics of the conference include, but not limited to:

• Behavioural finance theory from an Islamic perspective
• Investors behaviour during Muslim festivities
• Conservatism bias in dual banking systems
• Overconfidence effect in the Islamic investments
• Overreaction/under-reaction and availability bias in Islamic investment
• Disappointment aversion in Islamic finance investment
• Herding behaviour in Islamic banking and finance
• Islamic banking and finance awareness and the self-deception behaviour
• Confirmation bias in Islamic finance investment
• Culture diversity and Islamic finance investment
• Islamic banking and finance and the uncertainty issues
• Islamic securities window dressing
• Current issues in Islamic banking and finance
• Miscellaneous applications of behavioural finance in explaining investors’ behaviour toward Islamic finance and banking instruments

• English
• Arabic

It is expected that the conference proceedings will be published in one of the high quality international ISI journals, and the best selected papers will be published subsequently in an edited book, by an international publisher such as Wiley Finance. The conference output is also expected to lay the ground on the future possible studies in advanced Islamic behavioural finance. This area of research will be subsequently based on mixed methodologies and advanced econometric methods.

Authors are invited to submit their full papers either in English or Arabic, in Word formats. Submissions should be made to the following email address: Any submission after the 12th of September 2014 will not be considered. All the papers’ submission are peer-reviewed and the decision notification is made latest by 5th of October 2014.
Both theoretical and empirical papers are considered by the conference. The authors are required to use the following format:

• Length: 10 to 15 pages, Font Times New Roman, size 12, 1.0 line spacing (single space), A4 paper size, Margins: 1 inch or 2.5cm
• Author(s) names, affiliation, correspondence address, and email address should be provided in title page
• An English abstract should be provided for the English papers, and Arabic and English for the Arabic papers
• Between three to six key words should be mentioned by the author(s)
• Tables and figures should be placed in their appropriate location in the paper
• References should follow APA format

Jeddah, Saudi Arabia.

Full paper submission: 12th September 2014
Notification of paper acceptance: 5th October 2014
Registration deadline: 6th November 2014
Conference dates: 24-25st November 2014

Presenter – Standard registration: $250
Presenter – Student registration: $200
Participant: $100

The conference is organised by the Effat University in Saudi Arabia.


Effat University
P.O.BOX 34689
Jeddah 21478
Saudi Arabia
Tel: +966-12-6364300
Mobile: +966550519750
Fax: +966-12-6377447

Australia Islamic Finance Forum

Address to Amanie Australia Islamic Finance Forum
Tuesday, 16 April 2013

This speech is very helpful for those who are interested in developing and get involved in Islamic finance industry in Australia. Australia is still untapped market for Islamic finance products.

Read more at :

Kochi to host international seminar on Islamic finance

The three-day seminar on “Islamic Finance in India: Products, Institutions and Regulations” will begin at the Le Meridien International Convention Centre in this Kerala port city on October 4 under the chief patronage of eminent jurist Dr V R Krishna Iyer.

The seminar is being jointly organised by the Islamic Research and Training Institute (IRTI), a member of the Jeddah-based Islamic Development Bank (IsDB), and the Al Jamia Al Islamiya, an Islamic seminary in Kerala.

“Islamic finance is for the entire humanity and is based on humane principles. Those who support humanism should welcome Islamic banking and finance in the country,” said Krishna Iyer, a former supreme court judge, while announcing the event here recently.

Claimed to be first-ever seminar on the subject of its kind in India, it will discuss products, institutions and regulations in India and invite the attention of financial experts, regulators, government officials, investors, practitioners and academicians in the field. Leading experts and business groups are expected to participate.

The organisers expect experts like Dr Mohamed Umar Chapra, senior research advisor at the Islamic Research and Training Institute, Dr Ali Mohiyudeen Quradagi, prominent Qatari scholar and orator, Dr Hussain Hamid Hassan, who heads the Shariah board of UAE’s National Bond Corporation, Dr Nizam Mohamed Saleh Yaquby, a leading advisor on Islamic finance based in Bahrain, Dr Mohamed Obaidullah, senior economist with IsDB, Dr Bambang Brodjenegoro of university of Indonesia, Dr Monzir Kahf, the US-based consultant on Islamic finance, Dr S Nazim Ali of the Harvard University and Delhi-based economist Dr Ausaf Ahmad to participate.

Representatives of regulatory bodies, professional organisations, trade bodies, business houses, chamber of commerce and industry, foreign and Indian financial institutions, universities and social activists are also expected to attend the event.

Dr P Mohamed Ali of the Galfar group (Oman), C K Menon of the Behzad Group (Qatar) and P V Abdul Wahab MP are the patrons of the programme.

H Abdur Raqeeb is the chairman of the organising committee and Dr Abdussalam Ahmad the general convener.

source : qatar gulf times

An essay competition on ‘Islamic Finance in India: Prospects and Challenges’

Organisers of the international seminar on Islamic finance have invited entries for an essay competition on ‘Islamic Finance in India: Prospects and Challenges’ and research papers to be presented at the event.

The first prize for the best essay carries a Rs25,000 award, the second prize Rs15,000 and third prize Rs10,000. The competition is open to Indian citizens only, the organisers said in a statement in Kochi yesterday.

The essays should be typed and no entry should exceed 10 A-4 size pages including graphs and diagrams. The line spacing should be 1.5 and the font not smaller than 12 points.

The contestants should provide their full postal addresses, occupation details and contact numbers along with the entries.

A hard copy of the essay or a soft copy in PDF version should reach Essay@ISIFK, Al Jamia Al Islamiya Santhapuram, P O Pattikkad, Pin 679 325, Malappuram district, Kerala, India, before September 10. Entries can also be emailed to

source : gulftimes

The European Islamic Commercial Exhibition (EICE)







The European Islamic Commercial Exhibition (EICE) is an initiative
designed to bring together businessmen, producers, importers, distributors and investors, FROM SLAMIC AND EUROPEAN COUNTRIES, where  they can identify possible ways of cooperation and stimulate trade and  mutual relationships in their respective fields in order to:
Increase the visibility and the presence of Muslim products & services
in European countries.

Encourage the presence of European products & services, designed for
Muslims markets, in Muslims countries.

 Further information about the project vision and objectives can be found on ECIE2010 website

Participant sectors (but not limited to):

 -Islamic Banks/Insurance firms/Investment
 -Food & Beverage/Catering/Halal nutrition’s
 -Airlines/Travel Agencies/Tour operators.
 –Press/Media/Bookstores/publishing houses
 -Islamic traditional and handcrafts providers.
 -Islamic Civil Associations & Organizations.
 -ICT/Multimedia/Education/Learning Institutions

first edition of the EICE which will be held in Brussels Belgium

on 23 AND 24 OCTOBER 2010

Issuing of Islamic instruments are recommended- the conference of Yemeni Islamic banks

At the conclusion of the conference of Yemeni Islamic banks, participants recommended the need to carry out standards for the issuance of Islamic instruments because of their benefit to the community development.

This is the first conference of Islamic banks organized by the Yemeni Businessmen’s Club on 20-21 March in Sana’a under the slogan “Yemeni Islamic Banks: Reality and Future Prospects.”

The participants called for the appointment of a legitimate body in the Central Bank of Yemen to catch oversights in Islamic banks and to enable them to follow-up on all the work and activities of the Islamic banks. They asked Islamic branches of conventional banks to be abided by the  standards and controls of the Islamic banking system.

The recommendations also suggested the establishment of a religious independent national body responsible for the issues of Islamic banks and interdependence insurance. The participants urged the establishment of a payment fund for the the liquidity needs in the Islamic banks. The recommendations called for the establishment of a joint committee between the private sector and government to follow-up on the implementation of the recommendations to improve the performance of Islamic banks and insurance institutions and activate its role in the development of society.

During the launching conference, Minister of Industry and Trade Dr. Yahya al-Mutawakel said that, “The conference comes at a time when Yemen’s circumstances are influenced by the negative repercussions of the global financial crisis.  These circumstances require cooperation between the government and private sectors in order to collectively alleviate those repercussions.”

Al-Mutawakel pointed out that Islamic banks had a major role in terms of increasing monetary stability and strengthening the development, investment and social role of Islamic banks as being investment institutions having social objectives.

The funds and loans given by Islamic banks to finance private sector activities increased from 39.3 percent in 2008 to 44.5 percent  in 2009 while the rest were funded by commercial banks in 2008, 2009.

Governor of the Central Bank of Yemen, Ahmed al-Samawi, spoke of the importance of the conference in providing an in-depth discussion of Islamic banking and deepening of the concepts and expansion of its role, especially as Yemen was among the first states to issue Law No. (21) in 1996 on the Islamic banks and the amendments made to it, including allowing conventional banks to open branches operateing in accordance with Islamic law.

The central bank governor said that many European countries prepare themselves to be the capitals of Islamic banking.  He explained that the U.S. Congressional Research Service prepared a search for Islamic banking which described the Islamic finance lifeline of the financial crisis which is more robust in face of the global economic decline.

Ahmed Ba-Zara’a ,chairman of the Yemeni Businessmen’s Club, delivered an opening statement in which he referred to the objectives and themes of the conference to assess the experience of Yemen and the Islamic banks to achieve a comprehensive awareness of Islamic banking.

The conference addressed a number of themes, including the strengthening of the banks’ capacity to accommodate developments and the promotion of investment banking partnerships between divergent Islamic banks. The conference also highlighted the experiences of Islamic insurance policies in Yemen as well as the whole region, while assessing the role of Islamic banks in development. The conference evaluated the legitimacy of Islamic banks in Yemen and the impact of Islamic financing of macroeconomic variables and development in Yemen, comparing Islamic branches of conventional banks with those of banking sectors.  The conference discussed the problems of liquidity management and investment in Islamic banks as well as the legislative and legal environment of Yemeni Islamic banks. it urged corporate governance within Islamic banks in Yemen.
The conference aimed to assess the experience of Islamic banks and raise awareness of Islamic banking, through the attendance of various members of the boards of Islamic banks in Yemen and local and foreign economists. According to a report issued by the Central Bank of Yemen, there are four Islamic banks from among 18 independent banks in Yemen.

Chairmen and members of boards and CEOs of banks, Islamic banking and Islamic insurance experts, businessmen and senior leadership of the Yemeni companies and economic professors as well as concerned people attended the conference.

source : yobserver