BACKGROUND
The International Research Centre of Islamic Economics and Finance (IRCIEF-UIS), in collaboration with the Bahrain Institute of Banking and Finance (BIBF) as a strategic partner, will organise the 5th ICONIE 2026. The conference will discuss the role of Islamic economics in addressing current global issues related to social justice, economic inequality and sustainable development.
With the theme "Global Debt Crisis and Islamic Finance: A Roadmap for a Just Financial System" the conference aims to explore how Islamic economic principles can contribute to reimagining global financial systems, mitigating debt dependency and promoting sustainable development, particularly in vulnerable economies.
The world is facing a mounting debt crisis of unprecedented proportions. Sovereign debt levels in both developing and developed nations have reached unsustainable height, exacerbated by decades of interest-based lending, economic mismanagement and global financial shocks. As countries, and dependency on external bailouts, millions are pushed into poverty and public services are eroded. The current global financial architecture, rooted in interest (riba), speculative transactions and asymmetrical risk, has proven inadequate in fostering justice, resilience and long-term sustainability. In this context, Islamic economics offers compelling alternatives grounded in ethical principles, risk-sharing and socio-economic justice. Models such as profit-and-loss sharing (PLS), zakat, waqf, sukuk and non-interest-based financing can provide viable pathways toward equitable debt resolution, real economic growth and financial stability. These approaches emphasize fairness, accountability and the prevention of exploitative practices, aligning economic activity with the broader objectives of human dignity and collective prosperity.
This conference will bring together scholars, policymakers, financial practitioners and development experts to critically examine current debt challenges and propose Islamic alternatives that are both theoretically robust and practically implementable in a multipolar world.
CONFERENCE THEME
SUB THEMES
- Sovereign Debt
- Debt Justice and Economic Sovereignty
- Islamic Social Finance for Fiscal Stability
- Ethical Public Financing in Theory and Practice
- Islamic Financial Institutions and Crisis Mitigation
- Islamic Debt Management Strategies
- Profit-and-Loss Sharing Models as Alternative to Interest-Based Lending
- Debt, Development and the Maqasid al-Shariah
- The Role of Central Banks and Regulators in Integrating Islamic Finance
- Islamic Perspectives on IMF, World Bank and Global Financial Institutions
- Digital Innovations in Islamic Finance for Debt Transparency
- Case Studies in Islamic Debt Management
- Shariah Solutions
IMPORTANT DATES
CONFERENCE FEE
FACE TO FACE
| Category |
Normal
|
|---|---|
|
UIS Presenter & Collaborative Partners
|
RM600 |
|
Local Presenter (IPTA/IPTS)
|
RM900 |
|
International Presenter
|
USD400 |
|
Student Presenter (UIS and Collaborative Partner)
|
RM450 |
|
Local Student Presenter
|
RM650 |
|
International Student Presenter
|
USD300 |
|
Additonal Paper
|
RM150 |
|
Participant
|
RM350 |
ONLINE
| Category |
Normal
|
|---|---|
|
UIS Presenter & Collaborative Partners
|
RM300 |
|
Local Presenter
|
RM350 |
|
International Presenter
|
USD150 |
|
Participant
|
RM150 |
PAYMENT INFORMATION
Bank Transfer Payment Details
Bank Name
Bank Islam Malaysia Berhad (BIMB)
Account Name
UNIVERSITI ISLAM SELANGOR
Account Number
1202 9010 0583 52
Swift Code
BIMBMYKL
Billing Address
International Research Centre of Islamic Economics and Finance (IRCIEF-UIS)
Universiti Islam Selangor
Important Note:
We kindly request that you forward your payment receipt to
PROGRAM TENTATIVE
Day 1: Wednesday, 14th October 2026
Registration
Participant registration and welcome
Welcoming Speech
Representatives from BIBF / CEO
Opening Speech
Dato' Prof. Dr. Mohd Farid Ravi Bin Abdullah
Vice-Chancellor, Universiti Islam Selangor
Montage
Conference video presentation
Keynote Address 1
Dato' Prof. Dr. Mohd Farid Ravi Bin Abdullah
Vice-Chancellor, Universiti Islam Selangor
"Debt From a Quranic Perspective"
Coffee Break
Refreshments and networking
Keynote Address 2
Prof. Dr. Mehmet Bulut
Istanbul Sabahattin Zaim University
"Global Debt Crisis"
Panel Discussion 1
"Engaging Multilateral and Standard-Setting Institutions in Debt Reform Initiatives"
Moderator
Dr. Rizwan Malik — Head of Islamic Finance Centre, BIBF
Panelists
- Ms. Sabeen Ahmad — Chief Executive Officer, Islamic International Rating Agency (IIRA)
- Mr. Farhan Noor — Executive Director, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
- Prof. Dr. Imam Uddin — Founding Director, Centre for Islamic Business & Finance (CIBF), Institute of Business Management (IoBM)
- Assoc. Prof. Dr. Mustafa Omar Mohammed — Al Qasimia University
Lunch & Zuhur Prayer
Lunch break and prayer time
Keynote Address 3
Prof. Aishath Muneerza
INCEIF University
"From Invisible Labour to Economic Value: Community Credit Development as a Tool for Addressing Global Debt and Inequality in Islamic Finance"
Keynote Address 4
Assoc. Prof. Dr. Mustafa Omar Mohammed
Al Qasimia University
"Maqasid al-Shariah as a Framework for Debt Reform"
Break
Short break
Parallel Sessions 1
Research paper presentations in multiple tracks
End of Day 1
Conclusion of first day
Day 2: Thursday, 15th October 2026
Parallel Sessions 2
Research paper presentations
Coffee Break
Refreshments and networking
Keynote Speech 5
Dr. Siti Mazlita Yamaludin
Open University Malaysia (OUM)
"The New Face of Debt: Situational Financial Vulnerability and the Future of Islamic Debt Management in Malaysia"
Panel Discussion 2
"What Concrete Reforms Are Needed to Position Islamic Finance as Part of the Global Solution?"
Moderator
Dr. Latifa Bibi Musafar Hameed — Deputy Vice-Chancellor, Universiti Islam Selangor
Panelists
- Mr. AlFatih Gessan Aryasantana — Bahrain Institute of Banking and Finance (BIBF)
- Prof. Aishath Muneerza — INCEIF University
- Prof. Datin Dr. Rusni Hassan — IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia
- Dr. Ahmed Asad — Principal Lecturer, BIBF
Lunch
Lunch break
Keynote Speech 6
Ms. Sabeen Ahmad
Chief Executive Officer, Islamic International Rating Agency (IIRA)
Keynote Speech 7
Prof. Datin Dr. Rusni Hassan
IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia
"Building a Human-Centred Financial System: Islamic Finance, Ethics and Shared Prosperity"
Closing Ceremony
Best Paper Award • Best Presenter Award • Photography Session • Coffee Break
End of Conference
Thank you for participating in ICONIE 2026!
PAPER PUBLICATION
ALL ACCEPTED PAPERS will be published in the conference e-proceeding (with eISSN) and selected papers will be recommended for publication in MyCite-indexed journals.
Note: We accept papers in ENGLISH, ARABIC and MALAY
PUBLICATION OPPORTUNITIES
Your research has the chance to be featured in the following publications:
International Journal of Islamic Finance and Sustainable Development (IJIFSD)+
Formerly known as ISRA International Journal of Islamic Finance (IJIF)
International Journal of Islamic Economics and Finance Research (IJIEFER)+
e-ISSN Conference Proceeding
+ Subject to Terms and Conditions of the respective journals
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COLLABORATORS
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