The 12th Foundation of Islamic Finance Conference (FIFC) 2022

  • Dates: 08 – 08 Oct, 2022

The 12th Foundation of Islamic Finance Conference (FIFC) 2022

Theme: “Green Finance and Islamic Finance Challenges”



Islamic Finance is a new scholarly discipline that is served by FIFC (and a Society) via organising conferences and publications. The organising group of the twelfth FIFC is a consortium of five global universities from Turkey, Malaysia, Australia and Indonesia together with CFA Society Malaysia, supported by CFA Institute Asia-Pacific Research Exchange (‘ARX') and Emerald Publishing Limited. The five universities organising this year’s event are: Sunway University, Malaysia (the online host organiser) jointly with Istanbul Sabahattin Zaim University & Istanbul Commerce University, Turkey (managing the Istanbul meeting on 8-9 October); La Trobe University, Australia; and Universitas Indonesia. CFA Society Malaysia and CFA Institute ARX are awarding two prizes for industry papers; and Emerald Publishing is awarding six certificates of excellence to winning author(s). The consortium is proud to host its twelfth international FIFC live meeting for two days at Istanbul Commerce University and Istanbul Sabahattin Zaim University.

We invite you to participate in the 12-th FIFC 2022 with the theme “Green Finance and Islamic Finance Challenges”. FIFC international series started with a very large financial grant from the Australian Research Council in 2005 to a research team led by Prof Mohamed Ariff then at the Monash University-Melbourne Australia to generate original research to add new authentic literature to the then emerging discipline of Islamic Finance. The first three meetings were held in Melbourne, Australia, after which subsequent meetings were hosted internationally at the Dubai International Finance Centre of United Arab Emirates, Bahrain, Durham University, and Lancaster University in the U.K. as well as UUM, INCEIF & Sunway University, in 2021 with Hamad Bin Khalifa University of Qatar, Istanbul Commerce University, Istanbul Sabahattin Zaim University and Istanbul University. This series of conferences has led to publications of nine peer-reviewed books on Islamic Banking, sukuk, financial institutions, wealth management, economics & banking risk published by reputed publishers Routledge, Edward Elgar, John Wiley, etc. as Islamic Finance series. Together with the best papers identified and published after each meeting as well as those published independently in journals over 11 years by paper presenters, there is a strong evidence of creating authentic literature by the FIFC network of eminent international scholars. It is likely, with your contributions, a book is planned to be published in 2024 on Green Finance.


Insha’Allah all peer-reviewed accepted papers are to be presented during 4-days (2-days online and 2-days live presentations/discussions) of your papers following rigorous blind review process for selection of your full papers by International Review Panel.

  • Best Paper Awards: (See Footnotes 1 and 2 of the VIPs involved)
    • Of the papers presented/discussed as evidencing original contributions to growing literature, six will win the Certificate of Best Paper Award. The winning papers are subsequently considered in one or more journals associated with the 12-th FIFC.
    • Emerald will award, on the advice of the peer review committee, further six papers to be awarded certificates of excellence.
  • Journals: Several other-than the best papers will be selected by the editor(s) of ranked Scopus-indexed journals associated with the 12-th FIFC. The selected papers will undergo the common journals’ review process, for acceptance, and publication. One journal agreeing to consider papers is: Journal of Islamic Economics and Finance, a publication of the Istanbul Sabahattin Zaim University.
  • Islamic Finance Book: On the subject of Green Finance, several papers pre-commissioned or as submitted papers considered as suitable will be selected as chapters for a book. Papers presented during falling within the coverage of the book may be invited to be included in the book. It is the intention of the organisers to consider publishing this book in 2024 by Routledge: details to be revealed later, after a contract is agreed with a draft book.

What the organisers want to achieve is to pursue knowledge creation in accordance with the paradigm of Islam consistent with human ethics to promote “responsible financial practices”, which extols ethical dealings in financial transactions for the society’s well-being. The Conference aims to enhance awareness on environment and social responsibilities to be the core responsibility of economics and financial practices.

Keynote Speeches:

  • Prof Tariqullah Khan, Istanbul Sabahattin Zaim University, Turkey
  • A Speaker from the Islamic Development Bank (TBC)
  • Prof Ali Kutan, Southern Illinois University Edwardsville, United States (TBC)

Paper Submission Guidelines

Please submit a copy of your manuscript with title page containing the paper title, authors’ affiliation and contact information, and an abstract of no more than 200 words (with full paper). The Programme Committee will detach the cover page to ensure anonymity for blind review process. Please send MS-Word (.docx) version only. Initial target date for full paper submission is any time from when you see this call. We will continue to consider submissions up to Sunday midnight 28th July 2022 for online/live meetings.

For paper writers:

  • Please submit your full paper (not exceeding 8,000 words) by 28th July 2022 for a review decision by International Review Panel. A quick review decision will be conveyed while Co-authors will also be notified of the decision.
  • Submit a digital version of a Word file via Once a paper is accepted, a registration + submission fee of US$50.00 needs to be wired to a bank account to be advised to the corresponding authors. More information is available later at the conference site on how to submit the paper and to register to pay fee.

    Book Chapter authors:

  • Several professors identified by the Conference Group will be contacted to consider/accept writing chapters on a specified Green Finance topic with an outline of the chapter to be commissioned. These contributors will prepare power-point files to present their findings during the online meeting, get feedback, then completed revised chapter under 8,000 words two months after the online meeting.
  • The PPT slide file should be sent to by 8th August 2022. The authors pre-commissioned to write book chapters will be exempted from the registration fee requirements.


    Registration Fee:

  • (The conference participation fee of US$150.00-250.00 was charged in previous live conferences.) Now the fee is reduced to US$50.00 per paper presentation for the 12-th FIFC because of financial constraints at most universities. The lower fee is due to reduced expenses of hosting a web-based conference using the Internet platform. Important: Those attending the 12-th meeting will have the US$50.00 as your ordinary membership fee of the academic society launched on 8 October 2022 in Istanbul. The Society is associated with the FIFC network of scholars so henceforth, the academic Society will take over financial responsibility of organising conferences. [As resolved at the Inaugural Meeting of the Society in 2021, the Society’s Management Committee agreed to accept savings accrued over the past 13 years in the FIFC’s account at INCEIF as a grant perpetual to the Society by Prof Mohamed Ariff and Prof Shamsher Mohamed. The FIFC, as a recognised brand name promoted across the world with resources spent by a network of eminent scholars, will continue to organise future conferences.]
  • Anyone wishing to participate on the online meeting is considered eligible to present their paper at the live meeting in Istanbul at their cost. The registration fee remains the same. The travel and accommodation cost is to be borne by the paper presenters. The two Turkish universities may offer residential units/halls, cost borne by attendees. There are excellent hotels available as well.


Consortium Members 2022:

  1. Distinguished Prof. Mohamed Ariff: Conference Chair - Sunway University Malaysia
  2. Prof. Ishaq Bhatti: Co-chair - La Trobe University Australia
  3. President Prof. Mehmet Bulut: Co-chair - *Istanbul Sabahattin Zaim University, Turkey
  4. Dr Teguh Dartanto: Co-chair - Universitas Indonesia
  5. Prof. Necdet Sensoy: Co-chair - Istanbul Commerce University, Turkey
  6. Ms Caroline Ng: Co-chair - CFA Society Malaysia
  7. Mr William Loh: Co-chair - Emerald Publishing Limited




For general queries:

Conference Program Chair:


For queries relevant to face-to-face program in Turkey:

Ms. Hayrunnisa Kaya:

Mr. Ozan Marasli: