Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Organised by
The World Bank Global Islamic Finance Development Center, Islamic Research and Training Institute (IRTI) &
Guidance Financial Group
In collaboration with
INCEIF
Islamic Research and Training Institute (IRTI), as the research and consulting arm of the Islamic Development Bank
Group, is mandated to undertake cutting-edge research into frontier issues in the field of Islamic economics and
finance and issues relating to comprehensive human development in line with the objectives (Maqasid) of Shariah.
Guidance Financial Group, (GFG) a privately held, international financial services company, specializes in creating,
structuring and managing investment and consumer finance products and services that conform to Islamic
requirements (Shariah). The company has pioneered the creation and development of unique, Shariah-compliant
investment products for institutional investors, as well as financial products that address the unmet needs of millions
of Islamic consumers. It has a special interest in supporting research activities.
World Bank, IRTI and Guidance Financials are pleased to organize an annual symposium bringing together a wide
range of stakeholders from the industry, academia, and regulatory and supervisory areas and to engage in stimulating
research. The aim is to promote exchange of cutting-edge ideas and foster objective discussion on Islamic economics
and finance among academicians, policy makers, private sector and development practitioners. The symposium will
allow people to gain practical and professional understanding of the field of Islamic economics and finance and will
enhance awareness of major current issues impeding the advancement of the industry. The symposium expects to
provide a well-represented and a well-attended platform for the participants to discuss new knowledge related to
developing Islamic economics and finance. The series of symposium, which is 2-day event, is held in different
countries each year with local co-organizer.
Given the global outreach of INCEIF coupled with Malaysias strategic importance as a hub of Islamic finance, The
3rd Symposium 2017 will be held in Kuala Lumpur, Malaysia on 12-13 December 2017 with the collaboration of
INCEIF. The theme of the symposium is Sustainable Development Goals (SDGs) and the Role of Islamic Finance.
On 25 September 2015, world leaders adopted the 2030 Agenda for Sustainable Development. The Sustainable
Development Goals, the new global development blueprint and the successor to the Millennium Development Goals
(MDGs), defines global development priorities and aspirations for 2015 through 2030. This new development agenda
seeks to achieve 17 goals and 169 targets will require unprecedented mobilization of resources to support their
implementation due to the transformative and sustainable nature. In addition to action, dedication and collaboration of
all actors, the success of the SDGs call for enormous financial and technical resources and its effective and efficient
deployment. Though traditional development finance has remained the main tool for financing development in most
developing countries, Islamic finance could be a strong and non-traditional source of financing for the SDGs. The
Islamic financial asset has been increasing rapidly over the decade and the global Islamic asset is estimated to be US$
trillion 3.2 in 2020. The geographic reach of Islamic finance widened from Russia to Mozambique and South Korea to
Suriname. The principles that emphasize sharing risks, linking finance with real economy activities, promoting
socially inclusive activities has the great potential to contribute to the achievement of the Sustainable Development
Goals.
The proposed conference would provide a platform for the participants from multilateral development institutions,
governmental institutions and bodies, private sector, and academia to discuss recent outlook of Islamic Finance and
their potential role in supporting and achieving Sustainable Development Goals (SDGs)..
The organizers of the symposium are committed to promoting and developing Islamic finance industry believing that
the development of Islamic finance can play an important role in promoting inclusive growth, reducing inequality and
accelerating poverty reduction. The Symposium is expected to highlight how Islamic finance resonates clearly with
the SDGs Agenda and it is the time to unleashing its potential is an opportunity for meeting the sustainable
development goals.
The papers presented at the symposium will be published in an edited book. The organizers will have the full rights to
publish accepted papers.
IMPORTANT DATES
Submission of Full Paper: October 1, 2017
Acceptance of Full Paper: November 1, 2017
* Please kindly take note that all submitted paper should include detailed abstract.
FOCUS AREA
Theoretical and empirical research papers are invited, in the following but not limited to these topics. Preference will
be given to papers focusing on the theme of the symposium, i.e. Sustainable Development Goals (SDGs) and the Role
of Islamic Finance. We encourage new researchtheoretical, empirical, and case studies in these areas but will also
welcome existing but unpublished work.
ACADEMIC COMMITTEE
Islamic Research and Training Institute(IRTI) World Bank Global Islamic Finance Development INCEIF
(A Member of) Center Lorong Universiti A , 5
Islamic Development Bank Group (ISDB) Borsa Istanbul, Resitpasa Mahallesi http://www.inceif.org
P. O. Box 9201 Jeddah 21413 Tuncay Artun Caddesi, Emirgan
Kingdom of Saudi Arabia 34467 Istanbul , Turkey
http://www.irti.org http://www.worldbank.org
ORGANISER
In collaboration with
Research Workshop on
Islamic Finance, Risk-Sharing and Macroeconomic Stability: Issues and
Challenges
November 29-30, 2017, KAZGUU UNIVERSITY, Astana, Kazakhstan
Organised by
Islamic Research and Training Institute (IRTI/IDB)
In collaboration with
KAZGUU UNIVERSITY
IMPORTANT DATES
Deadline for Full Paper Submission: September 30, 2017
Notification of Paper Acceptance: October 15, 2017
Pre-Registration Deadline: October 31, 2017
Workshop Date: November 29-30, 2017
FOCUS AREA
Papers submitted to the workshop should provide new insights on the contribution of Islamic economics
and finance towards economic development and macroeconomic stability: what are the issues and
challenges in practice, specifically in terms of their effect on growth, economic stability and economic
shocks. Papers are of particular relevance to the Workshop should address some of the following issues
including but are not limited to:
1. What is the ideal economic system to allocate economic resources from Islamic perspectives?
2. What is the nature and methodology of Islamic economics? Any new insights, thoughts or research on
this isues?
3. What is the view of Islam on market and non-market Islamic process of distribution or redistribution of
wealth for economic justice?
4. How do we compare Islamic economics vis--vis mainstream economics? i.e. neo-classical economic
and other school of economic thoughts.
5. Differences between conventional and Islamic banks regarding the nature of risks i.e. risk-sharing vs.
risk transfer?
6. Rate of return as an equilibrating mechanism of supply and demand as opposed to interest rate.
7. What is the Islamic perspective pertaining to resource mobilisation financial, physical and human?
8. What is the major challenges for adopting 100% fractional reserves for Islamic banking with equity
finance?
9. What is the major challenges for implementing risk-sharing finance in a dual banking system?
All the topics below are related to the Islamic monetary policy, financial systems, and institutions:
ORGANISER
In collaboration with
Research Workshop on Revival of Waqf for Socio Economic
Development (ROWSED 2017)
November 4-5, 2017, Dhaka, Bangladesh
Research Workshop on
REVIVAL OF WAQF FOR SOCIO ECONOMIC DEVELOPMENT
November 4-5, 2017, DHAKA, Bangladesh
Organised by
Islamic Research and Training Institute (IRTI)
Islami Bank Bangladesh Limited (IBBL), Dhaka, Bangladesh
Center for Zakat Management (CZM), Dhaka, Bangladesh
An efficient Waqf management helps to preserve valuables either in the form of cash or non-cash fixed
asset earned from voluntary but permanent distribution of wealth in an Islamic society. An Waqf institution
transforms this value to enhance socio-economic contributions of Muslims and Islamic entities in a Shariah
compliant way. It is considered as a charitable capital gift, and more explicitly a beautiful loan to Allah swt.
Since Ibn Umar (r.a) with his land in Khaibar until today, numerous initiatives are considered to explore and
justify the importance of Waqf as (1) a voluntary contribution, (2) a sustainable development institution, and
(3) an effective socio-economic development tool.
Malaysia started Waqf management in the fifties by enacting number of rules at the state as well as central
government level. The Council of Islamic Religion is the trustee of all Islamic Waqf resources. Management
of the Waqf properties are vested upon the Council, not on the Mutawalli, which is considered to be a major
impediment in Waqf management. Since 2007, National Fatwa Council in Malaysia agreed to allow cask
Waqf, opening a vast opportunity for socio-economic development. The amount of cash Waqf collection
alone can reach USD 1 billion a year in Malaysia. Recent studies have identified trust (on Waqf
management), convenience and religiosity are the major determinants of successful Waqf management.
Waqf in India is traced back to the Delhi Sultanate when Sultan Mohammad bin Tuglaq appointed Ibn
Batuta, the famous traveller, as the trustee of the first known Waqf in India. In Pakistan, the Awqaf
Ordinance and the West Pakistan Waqf Properties Rules of 1960 opened rooms for formal Waqf
management. Waqf properties in Pakistan are managed by an administrator from the central Waqf
management authority, and that authority will be supported by several legislations. Bangladesh chapter of
Awqaf Ordinance is the consequence of the Bengal Waqf Act of 1934 and Waqf Ordinance of 1962. Later,
Waqf Ordinance Amendment Act (2013) and Waqf (estate transfer and development) Special Ordinance
Act (2013) were introduced to enhance efficiency in Waqf management. At present, the Waqf
Administration Bangladesh administers collection, transfer, management of moveable and immovable
properties that are registered under Waqf Bangladesh. The administration also manages the proportion of
income from the Waqf properties for charitable and other causes in various types of Waqfs (Public versus
endowments). However, not much information on the contribution of Waqf is available on public and
academic domain. In order to achieve the full potential of an Islamic system, Waqf resources should be
managed alongside mainstream Islamic resources Islamic banks, equities, Zakat, microfinance, etc. Waqf
can also significantly contribute to eradicate poverty through its addition in National Financial Inclusion
Strategy.
To explore Waqf regulation in IDB Member and Non-Muslim majority countries, it modernization, and
relationship to shariah.
To stack the performance of Waqf activities in IDB Member Muslim countries/jurisdictions.
To offer activity- and time-wise distribution of Waqf resource management in Member countries.
To understand the antecedents and consequences of Waqf assets (both physical and cash) in Member
countries.
To understand the strategies and models to promote Waqf related activities for greater socio-economic
development.
To enhance good governance practices through the formulation of informed policies for Waqf projects in
the country.
To understand the confluence of waqf, zakat, charity, Islamic microfinance impacting socio-economic
development of Member countries
SUB-THEMES
The contributions will cover the following areas related to Waqf but not limited to:
Fiqh of Waqf Comparative Schools of Thought: Issues and challenges in Fiqh of Waqf according to
four schools of thoughts.
Waqf collection and management strategies
Waqf and socio-economic development
Waqf fund management, investment, and financing
Governance and sustainability using Waqf system
Poverty eradication and Waqf
Financial inclusion and Waqf
Implication of Baitulmal, Waqf, Zakat, Sadaqah, Hibah and Infaq
Learning from research experience from other countries in SAARC and beyond
Antecedents and consequences of efficient Waqf management
Cash Waqf
Distribution of income in Waqf
Islamic social finance: zakat, waqf, microfinance, charity
And other interesting research areas.
PUBLICATION OPPORTUNITIES:
A number of selected conference papers will be considered through fast-track reviewing process for
publication in the Journal of Islamic Economics, Banking and Finance (SCOPUS, ABDC, ABS). Other
publication opportunity also exists in other scholarly journals such as International Journal of Islamic and
Middle Eastern Finance and Management (SCOPUS, ESCI, ABDC, ABS) and scholarly book indexed by
scopus.
Academic Contact:
Despite exemplary growth of Islamic finance over the past decades, already reaching USD 2.00 trillion
mark, neither the poor segments of the societies have been duly attended to nor the common masses have
been offered with adequate chance to benefit from Islamic financial services. The corporate sector has
virtually become the major beneficiary of this development since the Islamic financial institutions have
ignored the objective of value orientation pertaining to Islamic finance. Therefore, the financial exclusion
has been the core issue needed to be duly addressed.
Islamic Development Bank (IDB) has initiated a number of programs focusing development of micro and
small enterprises in member countries, the latest being Youth Employment Support Programs to address
the unemployment issues of educated youth by developing entrepreneurial capacity and providing financial
resources through Islamic financial instruments. However, to reach the appropriate scale, the effort and will
of the political governments is required to pave the ways and means to address the issue.
In many developing countries, the majority of population lives in rural areas while financial institutions
concentrate in urban centers. Consequently, they remain underserved in terms of access to financial
services. This situation requires the governments and the societies to play catalytic role by supporting an
inclusive financial sector and country level policy framework should be developed with a clear vision to face
the challenge of devising well thought out action plan.
Financial inclusion has achieved significance in formulation of Sustainable Development Goals (SDGs), a
new development architecture that succeeds the Millennium Development Goals (MDGs). In addition, a
significant prominence was accorded to this subject at the United Nations Third International Conference on
Financing for Development (FfD) held in Addis Ababa, Ethiopia, in July 2015. At the Group of Twenty (G-
20), financial inclusion has been given due importance in the reform and development agendas (World
Bank, 2014).
SDGs require that extreme poverty be eradicated by 2030 and reduce at least by half the proportion of
men, women and children of all ages living in poverty in all its dimensions according to national definitions.
The goals also require that by 2030, all men and women, in particular the poor and the vulnerable, should
have equal rights to economic resources, as well as access to basic services, ownership and control over
land and other forms of property, inheritance, natural resources, appropriate new technology and financial
services, including microfinance.
The worldwide research has also indicated low access to economic opportunity by the people of limited
means. Women in this context even lag behind men in terms of access to financial services. The gender
gap varies widely across economies and regions, South Asia, the Middle East and North Africa exhibit the
largest gender gaps where women are about 40 per cent less likely than men to have a formal account.
The workshop has been planned keeping these considerations in view, which is expected to bring together
the multilateral institutions, practitioners, academicians, microfinance networks/forums, regulators, and
development activists. The workshop is also expected to bring forth recommendations that will help in
devising sustainable strategy for enhancing financial inclusion and capability of the poor to benefit from
economic and social resources.
Submission of Papers
IRTI/IsDB and IIUI invite to submit the papers covering but not limited to the following thematic areas
related to the subject of the workshop:
Addressing SGDs in Islamic framework
Global challenge of poverty and potential for Islamic finance
Raising women participation in economic and social opportunities
Innovation in Islamic finance in model and product development perspective to help increasing inclusion
Integrating micro and small enterprise development with mainstream Islamic finance sector
Islamic insurance and financial inclusion
The role of zakat and waqf institutions in eradicating poverty
Role of central banks to enhance inclusion through Islamic finance
Regulatory and supervisory concerns in promoting Islamic financial inclusion
Country experiences and case studies in improving access to financial services
Financial literacy as a tool to increase inclusiveness
Full papers must be submitted via online submission system.
Step 1: Click on Log in (For existing ConfBay Account User) or Register (First time ConfBay User)
Step 2: Log in the ConfBay System
Step 3: Click on "My Submission" and follow the instruction
Full Paper must be in Microsoft Word format (doc, docx). Please do not submit ZIP files.
Important Dates
Receipt of full papers 15th October 2017
Notification of selected papers 25th October 2017
Workshop 11th to 12th December 2017
The Participants
The participants, amongst others, will include academicians, practitioners, think tanks, graduate students
pursuing research in Islamic finance, regulators and other industry representatives.
Sponsorship
Keynote speakers and authors of the selected papers, travelling from outside (outside from Pakistan and
Islamabad), will be provided sponsorship in respect of following:
Round trip economy class air ticket from home city to Islamabad and back
Hotel accommodation in Islamabad
Visa processing fee, if applicable
Registration Fee
The participants from Pakistan are required to pay the registration and attendance fee as under:
Participants (other than university students): Rs. 5,000
University Students: Rs. 1,000
The fee will cover the lunches and tea of the workshop days.
Proceedings/Publication
The papers presented at the workshop will be reviewed for consideration to be publish by IRTI in the book
of proceedings.
Academic Contact
Dr. Abd Elrhman Saaid
Islamic Economic Research Division IRTI/IDBG
E-mail : aelzahi@isdb.org
Tel : +966 2 646 6226
ORGANISERS