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International Conference on Islamic Finance, Islamic Economic Development and Sustainability

25 July 2016 - 26 July 2016
09:00 to 17:00
Durham University Business School

The conference provides a platform among academics, researchers and practitioners to share and synthesize their theoretical, empirical and field related knowledge in relation to the Islamic economic and sustainable development theory and practice as well as exploring the strategies and consequences of Islamic finance for economic and sustainable development.

The conference, thus, aims to contribute to the development of theory making in Islamic economic and sustainable development; as well as aiming to evaluate the current practice of Islamic banking and finance in terms of economic and sustainable development.

In doing so, the conference will provide a platform to discuss potential areas and strategies for further orienting Islamic banking and finance for sustainable development, beyond the current practice of financialisation so that the observed transactional success of Islamic finance can be coupled with transformational success as the Islamic moral economy assumes.

Call for papers

Papers in the following broader thematic areas are encouraged to be submitted:

  • Theoretical and conceptual studies, and models in Islamic economic and sustainable development;
  • Explorative studies in Islamic Political Economy and Islamic Moral Economy in essentialising developmentalism;
  • Theoretical studies and models in exploring Islamic finance in facilitating economic and sustainable development;
  • Theoretical and conceptual studies on the instruments and operations of Islamic finance for economic and sustainable development;
  • Empirical studies critically focusing on the performance of Islamic banking and finance in relation to economic development, sustainable development, and social impact;
  • Empirical studies on Islamic finance (including Islamic capital markets) and infrastructural development, and their sustainable development consequences;
  • Empirical studies on Islamic non-banking financing institutions (such as Islamic microfinance, Islamic social funds, and Islamic development funds) and Islamic social financing (zakah and infaq) and related institutions (zakah funds, waqf and Islamic charities) and their economic and sustainable development consequences;
  • Critical conceptual studies on developmentalist implications of maqasid al-Shari’ah and the debate on maqasid al-Shari’ah’s conceptual and practical capacity to produce developmentalism; and evaluative studies on Islamic banking and finance in relation to maqasid performance;
  • Theoretical and empirical oriented convergence studies on SDG and ESG movements and their relations with Islamic economic and sustainable development; and empirical studies on SDGs and ESG performance of Islamic banking and finance;
  • Explorative studies on the role of civil society and politics in developing and furthering developmentalist initiatives within Islamic normative world and ethical principles.

Extended Abstract Submission and Submission Process:

Authors may submit an extended abstract of theoretical and empirical research papers with approximately 1,500 words to:

Professor Mehmet Asutay:; and copying to Dr Shafiullah Jan:

The extended abstract submissions will undergo a rigorous process of review. All submissions will subject to a blind review. All authors of accepted abstracts will be notified through email indicating the submission of full papers.

Deadline for Extended Abstract Submission: 9 May 2016
Notification of Acceptance: 25 May 2016
Letter of Invitation for the Accepted Extended Abstracts: 1 June 2016

Author Guidelines:

The authors must adhere to the following guidelines for the submission of their work:

  • Please submit your extended abstract of approximately 1,500 words via email as ms-word file;
  • A cover page should indicate the title of the paper, the name(s) of the author(s), and their affiliation(s) and the corresponding author.
  • The main body of the document should provide the extended abstract.

Publication Opportunity:

We are in the process of developing publication opportunities in edited book volumes and special issues in a journal; after the acceptance of the extended abstracts, further information will be provided.

Conference Provisions:

  • Local hospitality (lunches and dinners) will be provided during the conference;
  • Accommodation based on bed-and-breakfast at Collingwood College (Durham University) will be provided for all the paper presenters free of charge for duration of the conference (three nights).


Durham Centre for Islamic Economics and Finance, Durham University Business School, Durham University, England

Conference Committee:

  • Mehmet Asutay, Durham University, UK
  • Ahmed El-Sayed, Durham University, UK
  • Zamir Iqbal, World Bank, Turkey
  • Zohra Jabeen, Institute of Management Sciences, Pakistan
  • Tim Jacoby, Manchester University, UK
  • Shafiullah Jan, Institute of Management Sciences, Pakistan
  • Beverly Metcalfe, Manchester University, UK
  • Karim Ullah, Institute of Management Sciences, Pakistan

Contacts for Further Information:

Professor Mehmet Asutay, Professor of Middle Eastern and Islamic Political Economy & Finance and Director, Durham Centre for Islamic Economics and Finance
Durham University Business School,
Durham University, UK

Dr Shafiullah Jan, Research Chair, Center for Excellence in Islamic Finance (CEIF)
Institute of Management Sciences (IM|Sciences),
Peshawar, Pakistan

Organising Institutions

Centre for Excellence in Islamic Finance (CEIF) – Institute of Management Sciences, Pakistan

Institute of Management Sciences (IMSciences) provides management education based on cutting edge research and comprehensive training. Being number 5th Business School in the country, IMSciences broadens its educational focus in response to new trends in the developing field of management. This is demonstrated through newly established Centre for Excellence in Islamic Finance (CEIF) in collaboration with State Bank of Pakistan (SBP) through financial support of UK’s Department of International Development (DFID). The overall strategy of CEIF is designed on threefold orientations namely academia, research and industry efforts to boost-up Islamic finance and financial inclusion through it.

CEIF offers the following programmes: MBA Islamic Banking & Takaful and PhD in Islamic Business & Finance.

Durham Centre for Islamic Economics and Finance (DCIEF), Durham University Business School, Durham University, England, UK

With its world-class reputation for being a research, education and training centre in Islamic economics, Islamic finance, banking and accounting as well as Islamic management for over twenty-five years, DCIEF aims to maintain its position as a leading provider of world-class research, education and training in Islamic economics and finance; and to provide a platform from which a vibrant research environment specializing in Islamic finance related research can be developed and sustained;

DCIEF offers the following programmes: MSc Islamic Finance; MSc Islamic Finance and Management; Ph.D by Research in Islamic Finance and Economics; Integrated PhD (1 year course work and 3 years PhD) in Islamic Finance and Economics; The Durham Islamic Finance Summer School (DIFSS).

DCIEF has established international collaborative research and training programmes, conferences and seminars with many international collaborators.