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First International Islamic Economics Congress (27-28/10/2021)

“Islamic Economy Post-Covid: opportunities and challenges”

With the spread of the Corona pandemic, many aspects of our life have been changed and witnessed major transformations. Many societies, including those who enjoy the most powerful global economies, have been harmed and suffered from high rate of inflation and unemployment. This current crisis raises questions regarding how Islamic economy can contribute to responding to the disaster and mitigating its devastating consequences.

The role of relevant authorities is emerging to face these challenges, notably the Corona pandemic , with academics and researchers at the heart of it. Because it is their responsibility to prove the ability of the Islamic economy to face these disasters and crises.

To this end, this congress, will be convened under the auspice of Karabuk University and some of leading institutions. It aims at gathering some of the prominent scholars and researchers in Islamic economy to discover and discuss the opportunities, challenges, and potential solutions of the crisis.

Target Audience of the Congress

  • Universities, research centers and Islamic economics and finance departments.
  • Expert lecturers and higher education students in management, economics and Islamic finance.
  • Financial institutions, foundations, zakat institutions and their employees.
  • Those interested in researching Islamic economics.
  • Experts in the social and human sciences.
  • Central banks, Islamic and participation banks.
  • Relevant government agencies.
  • Entrepreneurs, investors and business people.

      Congress Languages

  • Arabic.
  • English.
  • Turkish.
Congress Objectives:
  1. Contribute to prioritizing the research in the Islamic economy particularly in confronting the epidemics.
  2. Exploring the viability and resilience of the Islamic economy in both dealing with the devastating consequences of Covid-19 and benefiting from its potential opportunities.
  3. To provide both veteran and novel researchers in Islamic economy and Islamic finance an opportunity to share their insights regarding the challenges and the potential solutions of the crisis whether in practice and theory.
  4. To offer the governmental agencies and policies makers some recommendation and suggested solutions in dealing with the economic repercussions of Covid-19.
  5. To prove, practically and theoretically, the ability of the Islamic economy to face crises and epidemics, according to the equation of maintaining the principles of sharia without arbitrariness and dealing with reality without pretension.

The Themes of The Congress:

Theme I: The economic repercussions of Covid-19; the means of confrontation and potential opportunities from the perspective of the Islamic economics.

  • High inflation rates and measures required to limit it.
  • The impact of Increasing unemployment rates and proposed remedy means.
  • The growing poverty rates and suggested solutions to mitigate the effects of the pandemic.

Theme II: Social responsibility of the Islamic economy and Corona crisis.

  • Social funding and its role in addressing the challenges of Corona.
    – The role of waqf in facing the effects of the Corona pandemic.
    – The role of zakat and its institutions in meeting the challenges of Covid-19.
    – The role of the interest-free loan (al-Qard al-Hasan) in treating the effects of the epidemic.
  • Islamic crowdfunding and its role in dealing with the pandemic and creating investment opportunities.
    – Reward-based crowdfunding.
    – Crowdfunding based on donation.
    – Equity/Sukuk-based crowdfunding.

Theme III:  The Response of Islamic Financial Service to the COVID-19 Pandemic

  • Future (ajil) Liabilities and long-term debts: reality and solutions
  • E-commerce and its role in meeting challenges and creating investment opportunities.
  • The role of Fintech applications in encountering of the pandemic and the creation of opportunities.
  • The role of Islamic financial products in reducing the effects of the pandemic and providing various investment alternatives.

Theme IV:  The role of the state in leading the economy to overcome the effects of the epidemic:

  • Drawing the monetary policies within the framework of Maqasid al-Shari’ah to addressing the effects of the epidemic.
  • The role of financial provisions in driving the economy and redressing the economic damage caused by the pandemic.
  • Shariah regulations for imposing emergency financial duties other than zakat.

Important Dates:

  • 10/08/2021: Deadline for submission of abstracts.
  • 15/08/2021: Announcement of accepted papers.
  • 10/10/2021: Deadline for submission of the full text of the papers.
  • 27-28/10/2021: Congress date.


Conditions and Conditions of Participation in the Congress 

  1. Scientific Conditions
  • The submitted scientific article contains an original topic that has not been written before, or the previously written topic is handled from a new dimension, or the researcher follows a new approach and a new scientific approach.
  • Not having participated in any scientific congress before, not published in a scientific journal in print or electronic form, or taken from a published book.
  • Summary; It should contain keywords that will help to know the purpose of the study, the research problem, the research methodology and the content of the research.
  • The research summary should be written in Arabic and at least one of the two languages ​​(Turkish or English) approved at the congress.
  • Researchers must meet deadlines for submitting abstracts and research papers.

    2. Technical and Official Conditions
  • MS Word page system should be used for the Arabic article. The font is Arabic Traditional and the font size is 16 points. Headings should be written in 18 font size, capital letters and bold, other sub-headings should be written in 16 points and bold. The footnote should be written in 14 points and the font should also be Arabic Traditional .
  • For English and Turkish articles, MS Word page system, Times New Roman font and 14 points should be used. Headings should be written in capital letters and bold, 16 points, other sub-headings should be written in 14 points and bold. The footnote is 12 points, font is Times New Roman.
  • The number of pages should not exceed 25, and the word count of the abstract should be between 200-250 words.
  • The first page of the article should be reserved for writing the basic information (article name, researcher’s name and surname, job title, institution or department where the researcher is registered, college, university, city where the university is located, zip code, country, researcher’s research identification number (if any)).
  • Word and PDF copies will be sent to the congress email.

Information for Participants

  • All papers submitted to the congress will be evaluated by an expert academic science committee.
  • Accepted papers will be published in an international peer-reviewed journal.
  • Everyone who attends the congress will receive a certificate of participation.
  • The congress will be held through the Microsoft Teams program. (If there is a change, this difference will be announced)Contact information
  • Studies, research and questions will be sent to the following email:




  • Karabuk University Faculty of Islamic Sciences (UNIKA) / TURKEY.
  • International Islamic Economics and Finance Application and Research Center (ULIFAM) / ASBU / TURKEY.
  • Marmara University Institute of Islamic Economics and Finance (MUİSEF) / TURKEY.
  • Islamic Banking Institute (IIBF) / International Islamic University (IIUM) / MALAYSIA.
  • International Islamic Finance Research Academy (ISRA) / MALAYSIA.
  • University of Zeytune / TUNISIA.
  • Peace Research and Counseling Center / DJIBOUTI.
  • Tipasa University / ALGERIA.