Journal of Islamic Finance Accountancy (JOIFA) Call of Papers for the 3rd Issue

JOIFA, the semi-annual double-blind peer-reviewed journal was launched by AAOIFI in 2017. JOIFA publishes academic papers on areas of financial reporting and governance in Islamic finance perspective, technical papers, and updates relating to implementation and adoption of Shari’ah, accounting, auditing and governance standards, related areas and the case studies.

 

AAOIFI is pleased to invite academic / research papers for the third issue of JOIFA, covering any of the areas within its scope, including but not limited to the following topics /areas:

 

1 IFRS, National Standards and Islamic Finance Principles: Bridging the gaps keeping in view AAOIFI’s Standards
2 Disclosure and transparency requirements for Islamic financial reporting
3 Islamic finance reporting and the impact of different depreciation approaches on various stakeholders
4 Developing /improving Islamic accounting standards in the light of issues in IFRS and standards already issued by AAOIFI
5 Accounting for various Musharaka based financing structures
6 Issues in Accounting for partners’ capital, costs, and profit payment, final adjustment etc.
7 Potential of reforms in financial reporting for promoting Musharaka based financing
8 Comparing accounting for Musharaka with that of the limited partnerships of the west
9 Financial disclosures in accounting procedures for strengthening the Shariah governance
10 Accounting by Islamic fund managers and investment banking institutions
11 Accounting for Qard al Hasan in the light of IFRS and AAOIFI’s standards
12 Resolving the issues in accounting for various Islamic modes of financing
13 Accounting issues in various categories of Sukuk
14 Accounting for Sovereign and Corporate Ijarah Sukuk
15 Accounting for Shari’ah compliant (as per AAOIFI Standards) Forex transactions by the IFIs
16 Accounting for various models of Takaful and re-takaful operations
17 Accounting for Ijarah based finance compared with conventional leasing accounting
18 Islamic finance accounting for developing Good governance
19 Avoiding frauds and corruption in financial reporting; Need for Islamic ethics based approach
20 Fulfilling information needs of Shari’ah conscious stakeholders and the gaps in the existing frameworks of Islamic finance reporting – general and case studies of specific modes/ jurisdictions
21 Impact of different accounting approaches on various stakeholders
22 Fair value concept in the light of Islamic law of contracts
23 Fair value accounting for Islamic financing: Benefits and Issues
24 Islamic Law, Common Law and Accounting for Financing
25 Accounting for sake of stakeholders’ benefit; not for ‘earnings management’
26 Governance and performance reporting in Waqf institutions
27 Governance of Islamic financial institutions and need for reforms
28 Role of Ethics in IFIs, duties and consequences
29 Comparison of conventional codes of ethics with that of Shari’ah law
30 Evolution of Internal and External Shari’ah Audit principles, tools and techniques
31 Central Shari’ah Board in any Country: examining effectiveness and pitfalls
 

Authors may also write on the objectives, approach, tools, and issues of contention and improvement with regards to IFRS and necessary guidelines for their adaptation for removing the contentious issues. They may also write reviews and offer comments on AAOIFI’s new standards and exposure drafts.

 

Paper submission timeline

 

Last Date for Paper Submission: 18th October 2018
Acceptance for peer reviews / rejection info 20th October 2018
Reviewers’ comments to authors for revision 2nd November 2018
Submission of final version 22nd November 2018

 

Early submissions are encouraged; late submissions could be considered for the next issue(s) of JOIFA.

Guidelines for authors

  1. The author(s) should not mention their names and affiliation, etc. on the text of the paper. A separate sheet bearing full name, affiliation, mailing address and telephone number should be sent along with the main paper.
  2. The papers submitted for publication must not have been submitted simultaneously to any other journal.
  3. All papers must have an abstract of no more than 250 words, 4-6 Keywords and JEL and KAUJIE classification, if applicable. The ‘Abstract’ should contain the objective, methodology, findings and suggestions, and practical implications of the research work for publication.
  4. The length of the article should preferably be between 4000- 8,000 words.
  5. The papers should make some significant contribution to Islamic finance reporting and accounting, either theoretical or applied, or discuss any related professional aspect of Islamic finance.
  6. Submitted papers must contain original unpublished work. The subject content should not impinge upon, violate or constitute a breach of any intellectual or business rights of any third party.
  7. All papers should have an introductory section in which the objectives and methodology of the article are explained and a final/ concluding section, which summarizes the main points discussed and the conclusions reached.
  8. The AAOIFI shall have non-exclusive rights on the materials published in the JOIFA; would be fully authorized to use or distribute the material for the purpose of Indexing / Abstracting, to translate into other languages, or for any other related purposes; and would have power to enter into any agreement with third parties for distribution of the materials by any means and in any format.
  9. Since all material received for publication is to be peer reviewed, two hard copies or a soft editable copy should be submitted in final form for sending anonymously to the reviewers.
  10. The authors would have to revise and resend the papers in the light of comments / suggestions by the peer reviewers or the editorial committee members.
  11. References in APA style should be listed at the end of the text in the following style:

Articles: El-Gari, Mohamed Ali (2003); Credit Risk in Islamic Banking and Finance; Islamic Economic Studies; Vol. 10, No. 2, (2003); Pp. 1 – 23;

Books: Khan, A. R. (1993), Financial Intermediation, New York: Springer Publishers.

Standards / Reports: Issuing institution, Number, Title, year of publication, with clauses / sub clauses of the relevant Standards

Page references to works referred to in the text should take the following form: El-Gamal (2006:128).

The verses of the Holy Qur’ān quoted should carry Surah number and ãyah number as (2:275).

Complete reference to the source of A╒ādīth quoted should be given like: Muslim, Kitab al Shirkah

Paper submissions:

Until AAOIFI adopts an online submission system, papers may be sent as attachment in world format to [email protected].

Authors are encouraged to contact the editor in advance through [email protected] should there be any matters on which they require clarification or guidance.