Uncovering potential for innovations in Islamic finance and banking

Submission deadline – 31st October, 2016

Guest Editor: Dr Aishath Muneeza, International Centre for Education in Islamic Finance (INCEIF), The Global University of Islamic Finance, Malaysia

Islamic banking and finance is a globally popular concept today. The mechanisms used in product structuring in it are different from that used in conventional banking and finance. The utilisation of underlying assets or reliance on real economic activities has made Islamic banking and finance more resistant to the recent economic crises. This has led to demand in research on the subject matter and consequently, Islamic banking and finance has become more desirable and trustworthy irrespectively of the faith convictions.


This special focuses on recent and forthcoming developments in innovations in finance having a strong impact on the finance industry. Topics may include, but are not limited to, the following:

  • Innovations in Islamic finance
  • Islamic Banking
  • Takaful
  • Islamic Capital Market
  • Microfinance
  • Access to finance
  • Policy directions, legislations, regulations and Islamic finance
  • Corporate governance of Islamic financial Institutions
  • Application of strategic corporate governance to shariah corporate governance
  • Innovative Islamic Money Market Instruments
  • Issues in implementation of Islamic banking and finance
  • Comparison of Islamic economic system with other types
  • Zakat and awqaf


Papers must be original work, not published elsewhere, and between 3000 and 6000 words in length, excluding references. The Journal has a preferred publication style (follow the link for more details at Authors Guidelines). The closing date for article’s submission to the IJMAR is 31st October, 2016 (CLOSED). Please submit your paper as an email attachment to . Early submissions are encouraged.

All papers will go through the double blind review process.


  1. Al Raisi, A. K. S. D.; Rodriguez, I.; Tustikbayev, M.; Omarova, N.; Abdul Rahman, A. W.; Muneeza, A.(2016), "Implication of Ḥawālah in Islamic Finance Practice", International Journal of Management and Applied Research, Vol. 3, No. 3, pp. 109-119. http://dx.doi.org/10.18646/2056.33.16-009
  2. Moriguchi, T.; Khattak, M. A.; Farhan, M.; Firdaus, M.; Worasutr, A.; Hakim, A. L.; Musthafa, F.; Muneeza, A. (2016), "Contemporary Practices of Musharakah in Financial Transactions", International Journal of Management and Applied Research, Vol. 3, No. 2, pp. 65-76. http://dx.doi.org/10.18646/2056.32.16-005
  3. Muneeza, A. (2014), Shari’ah Governance Applicable to Islamic Banks in Malaysia: Effect of Islamic Financial Services Act 2013, in Fouad H. Beseiso (ed.) The Developing Role of Islamic Banking and Finance: From Local to Global Perspectives (Contemporary Studies in Economic and Financial Analysis, Volume 95) Emerald Group Publishing Limited, pp. 31 – 44. http://dx.doi.org/10.1108/S1569-3759(2014)0000095010

The papers for this call have been published in 2017 (Volume 4 Issue 1): http://ijmar.org/v4n1/toc.html