Effat University
Effat University, An Nazlah Al Yamaniyyah, Jeddah 22332, Saudi Arabia

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Event Date Wed Dec 5 GMT (almost 3 years ago)
In your timezone (EST): Wed Dec 5 12:00am - Wed Dec 5 12:00am
Location Effat University
An Nazlah Al Yamaniyyah, Jeddah 22332, Saudi Arabia
Region EMEA

You are cordially invited to submit your research paper for presentation at the 4th Islamic Finance Conference (IFC 2018) on December 5th, 2018 that will take place in Jeddah (Saudi Arabia). The IFC 2018 is organized by Effat University & Islamic Research and Training Institute IRTI. The aim of this conference is to bring together the local and international researchers, scholars and policy makers to present and to discuss research in the field of finance technology, smart contracts and Islamic financing.


Following the success of the previous Islamic Finance Conferences, Effat University and Islamic Research and Training Institute IRTI, are organizing the 4th IFC scheduled to be on the 5th of December 2018 in Jeddah, Saudi Arabia. Themed “BLOCKCHAIN, SMART CONTRACT AND ISLAMIC FINANCING”, the forthcoming IFC 2018 is expected to platform academicians, scholars, researchers, professionals, bankers and other stakeholders to be together to discuss the revolutionary technology of Blockchain that the Islamic finance ecosystem could leverage to exponentially enhance business processes and streamline operations. It is apparent that the characteristics and conditions of Blockchain are in alignment with the principles of Islamic Finance. An exciting technology from Blockchain called smart contracts aims to redefine how contracts work and are closer to Islamic contracts with an undiluted focus on avoidance of any kind of uncertainty regarding settlement of the contracts. The Islamic contracts will now be easy to verify, immutable and secure, mitigating gharar in the form of operational risks arising from settlement and counterparty risks. The adoption of smart contracts by the Islamic finance industry is the most natural thing to do, not just to gain a strong foothold in this technological revolution, but also to be able to fully comply with the Shariah in a transparent way. The Shariah laws can form the conditions of a smart contract. The IFC 2018 addresses the question of what role digital currencies and blockchain technologies play in Shariah banking and Islamic financing, and How Muslim entrepreneurs and small businesses could benefit from blockchain and smart contracts?


To enrich the theory of Islamic financial innovation and its role in financing SMEs.
To highlight the significance of smart contracts and blockchain in Islamic finance.
To address various issues currently faced by the Islamic finance technology
To assess the current innovative efforts of the Islamic finance industry


2018 Speakers

Scientific Committee:

Dr. Tahar Tayachi
Chair of Scientific Committee

Dr Abdelkader Chachi,

Pr. Mehmet Asutay
Durham University, UK

Dr Hichem Hamza,
Islamic Economics Institute, KAU

Dr Waleed ADDASS

Dr Walid Mansour,
Islamic Economics Institute, KAU

Dr Sami As-Suwailem

Dr Umar Idriss,
Effat University

Pr. Dr. Fathi ABID,
University of Sfax, Tunisia

Dr Benouda Bensaid,
Effat University

Dr Abdelghani Echchabi,
A'Sharqiyah University, Ibra, Oman

Pr. Robert Lensink,
The University of Groningen, Netherlands

Dr. Kaouther TOUMI,
University of Toulouse, France

Dr Jamal Faleel,
Effat University

Pr. Dr. Hasanuddeen AZIZ,
IIUM, Malaysia

Dr Nader Neifar,
Imam Muhammad Islamic University, KSA

Dr. Abu Umar Faruq Ahmad,
UBD School of Business and Economics,
University Brunei Darussalam, Brunei