JOIFA publishes academic papers on the Shariah bases of the business and exchange contracts, areas of financial reporting and governance in Islamic finance perspective, technical papers, and updates relating to implementation and adoption of AAOIFI’s Shari’ah, accounting, auditing and governance standards, and in related areas.
AAOIFI is pleased to invite academic / research papers for the next issue of JOIFA. Submitted papers should not have been previously published elsewhere. Please read guidelines for authors before submitting your manuscript, to ensure it is consistent with the journal style and format (http://aaoifi.com/guidelines-for-authors/?lang=en). Papers will undergo at least one double blind-peer review in addition to review by the editorial desk. Final acceptance of approved papers will be contingent on incorporating reviewers’ feedback to the satisfaction of the reviewers (and / or editorial team). For any additional queries, you may like to contact the editor via the email ID [email protected]
Potential contributions may include, but should not be limited to, theoretical and empirical papers that consider the following topics / areas:
|Shari’ah related topics:
1. Position of contemporary Ijtihad on reduction of the amount of debt because of prepayment by the debtor.
2. Evaluating Shari’ah parameters for trading in gold, and the Shari’ah rulings for gold-based financial products.
3. Evaluating methods to safeguard against risks associated with the ownership by the lessor in Ijarah Muntahia Bittamleek based financing.
4. Sukuk listing in global financial markets and compatibility of listing requirements with Shari’ah structures.
5. Juristic perspective in validating the defective contracts for their modern application, use of such contracts, and its impact on sustainability of Islamic finance.
Accounting related topics:
1. Evaluating the financial reporting approaches and techniques in Islamic financing contracts.
2. Evaluating fundamental shift in the accounting approach for Ijarah transactions, entailing recognition of the lessee’s unencumbered right to the benefits from the use of the asset as ‘right-of-use asset’, and its corresponding liability.
3. Analyzing Takaful accounting and issues with regard to IFRS 17.
4. Analyzing accounting for Wakala bil Istithmar transactions and its implications in applying on-balance sheet and off-balance sheet approaches.
5. Derivation of key concepts of Shari’ah-based accounting from Shari’ah principles.
6. Waqf accounting, issues and challenges.
Governance related topics:
1. Strengthening trust in Sukuk markets: bringing enhanced governance into practice throughout the Sukuk lifecycle.
2. Evaluating the need to have independent, comparable and assessment-based rating mechanisms for IFIs for Shari’ah compliance and fiduciary performance.
3. Promoting internal accountability and transparency in IFIs through Internal Shari’ah audit function.
4. The conflicts of interest in Shariah advisory systems and mitigating the non-Shariah compliance risks in Islamic finance
Ethics related topics:
1. Stakeholders versus Shareholders Approach: Code of Ethics in Shariah Perspective
2. Code of ethics for professionals in Islamic financial institutions: Evaluating the need and consequences in its absence.
3. Enhancing Shariah compliance in IFIs through applying a distinct code of ethics for IFIs.
Early submissions are highly encouraged; late submissions may be considered for the next issue(s) of JOIFA.
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 Hādīth quoted should be given like Muslim, Kitab al Shirkah
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.