Islamic Economics Workshop VIII

Institutional Perspectives in Islamic Economics

3-5 April 2020
Sakarya University

Note: This workshop has been postponed to a later date due to the precautions taken under COVID-19.

Research Center for Islamic Economics (IKAM) in collaboration with Scientific Studies Association (ILEM) and Turkish Entrepreneurship and Business Ethics Association (IGIAD) will organize 8th Islamic Economics Workshop, which will be hosted by Sakarya University from 3 to 5 April, 2020. The theme of this year’s workshop is “Institutional Perspectives in Islamic Economics”.

It has not been so long since the famous credit crunch which emanated from few financial institutions exacerbated into a systematic risk overshadowing the whole financial structure in multiple countries. A collapse of some financial institutions hit several economies with their macroeconomic indicators plummeting one after other. The existing structure of the economic, financial and regulatory system and policy framework is therefore continuing to be questioned at the highest level of intellectual and political discourse. In this context, there has been a wide recognition of the need for proper economic and financial institutions. The question however posed at the outset is about the capability of Islamic financial institutions in bridging the gap conventional institutions have left. Academic literature is rife with classical case studies on waqf, articles about microfinance and juristic opinion about law of contracts yet what is missing is their transformation into products and institutions tailored for needs of concurrent times. Hence, the pioneers have blazed the trail, what is left is the development of modern day institutions conforming to needs of society theoretically embedded in their classical structures from Islamic history. With this aim, under patronage of IKAM, experienced academia from Islamic economics discipline would gather and offer different perspectives, critically evaluate the existing works and propose suggestions to set a common future course of action. In this framework, topics that will be covered in the workshop related to the topic of “Institutionalization in Islamic Economics” should address but are not restricted to the following themes:

  1. Islamic economic institutions of classical times and their application in the contemporary world
  2. The provision of public goods and shortcomings of classical Waqf structures
  3. Contemporary issues related to social role of Awqaf
  4. New practices of Islamic Contract Law
  5. The Islamic microfinance and its diffusion: Sustainable financial systems for the poor
  6. Financing of SMEs
  7. Social Finance institutions
  8. Product Development and Maqāṣid in institutionalization of Islamic finance
  9. Zakat: New suggestions for its institutionalization
  10. Crowdfunding models
  11. Entrepreneurship and institutions for the common good
  12. Institutionalization of Islamic FinTech
  13. Regulatory institutions in an Islamic economy
  14. Income distribution and new tax applications
  15. New Partnership Models
  16. International economic institutionalization from the perspective of Islamic economics
  17. Foreign trade regimes from the perspective of Islamic economics
Lütfi Sunar

Head of Org Committee

Fatih Savaşan

Member (Org. Committee)

Ayhan Karahan

Member (Org. Committee)

Necmettin Kızılkaya

Member (Org. Committee)

Süleyman Kaya

Member (Org. Committee)

Mustafa Çalışır

Member (Org. Committee)

Zeyneb Hafsa Orhan

Member (Org. Committee)

Ömer Bedrettin Çiçek

Member (Org. Committee)

Taha Eğri

Member (Org. Committee)

Ahsan Shafiq

Member (Org. Committee)

Important Dates

Application and sending abstracts:                         31.10.2019

Announcement of the accepted abstracts:        25.11.2019

Sending full texts:                                                 20.01.2020

Announcement of the accepted full texts:         15.02.2020

Submission of Papers

Abstracts are expected be sent to the workshop via submission link given on the website. The final acceptance for participation in the workshop will be decided through full texts. Articles that are sent to the workshop should be authentic, not published or presented in any other program or under consideration for publication. Full texts for selected abstracts can be submitted by sending an email to


Ahsan Shafiq

Secretary (Organizing Committee)

8th Islamic Economics Workshop


+ 90 216 310 43 18


Lütfi Sunar, Istanbul Medeniyet University

Fatıh Savaşan, Sakarya University

Ayhan Karahan, İGİAD

Necmettin Kızılkaya, Istanbul University

Süleyman Kaya, Sakarya University

Mustafa Çalışır, Sakarya University

Zeyneb Hafsa Orhan, Istanbul Sabahattin Zaim University

Ömer Bedrettin Çiçek, İGİAD

Taha Eğri, Kırklareli University

Ahsan Shafiq, Marmara University


Abdulazeem Abozaid, Emirates Islamic Bank

Abdullah Kahraman, Kocaeli University

Adem Esen, Istanbul University

Ahmet Faruk Aysan, Istanbul Şehir University

Erol Özvar, Marmara University

Arif Ersoy, Istanbul Sabahattin Zaim University

Asad Zaman, Pakistan Institute of Development Economics

Burhanettin Can, İGİAD

Cengiz Kallek, İstanbul Şehir University

Erkan Erdemir, İstanbul Şehir University

Fahim Khan, Riphah Center of Islamic Business

Fatih Savaşan, Milli Savunma University

Fatih Yardımcıoğlu, Sakarya University

Gülfettin Çelik, Istanbul Medeniyet University

Hafsa Orhan, Istanbul Sabahattin Zaim University

Haluk Songür, Süleyman Demirel University

Hasan Hacak, Marmara University

Ibrahim Güran Yumusak, Istanbul Sabahattin Zaim University

İsmail Cebeci, Marmara University

İsmail Eriş, Marmara University

Lütfi Sunar, Istanbul Medeniyet University

Mahmut Bilen, Sakarya University

Masudul Alam Choudhury, University of Malaya

Mehmet Babacan, Istanbul Ticaret University

Mehmet Bulut, Istanbul Sabahattin Zaim University

Mehmet Saraç, Istanbul University

Murat Taşdemir, Medeniyet University

Murteza Bedir, Istanbul University

Necdet Şensoy, TCMB

Necmettin Kızılkaya, Istanbul University

Nihat Erdoğmuş, Yıldız Teknik University

Nurullah Gür, Medipol University

Sabri Orman, Istanbul Sabahattin Zaim University

Servet Bayındır, Istanbul University

Süleyman Kaya, Sakarya University

Şakir Görmüş, Sakarya University

Yusuf Alpaydın, Marmara University

Travel and Accommodation

The workshop is envisioned as a meeting of minds among thinkers, scholars and practitioners in a limited number. Authors of the accepted papers will be covered for round-trip economy class air ticket and hotel accommodation during the workshop. Accommodation and travel expenses of the participants will be met by IKAM.


The papers presented at the workshop will be reviewed and considered for publication in an edited book that will be published by Iktisat Yayınları following the conference. The English version of the book is published following workshop each year in collaboration with UK based famous publishing house, Routledge.