Accounting, Finance and Law

The "Decision Making in a Disruptive Age" is bringing new challenges in the Accounting, Finance and Legal domains, this track offer a venue where academicians and researchers can showcase their research and findings.

This track also includes a special event in "Special Interest Event: Critical issues in Islamic Finance, Law, and Governance" that co-planned by IBA, Karachi, Swansea University School of Management and IBA CEIF.

Information on all the activities during the conference and special event, please consult the Menu items on the left.

Track Chair

Dr. Hilal Anwar Butt

Dr. Hilal Anwar Butt


Publication Opportunities for the Special Interest Event

The selected papers presented in the seminar on Critical Issues in Islamic Finance, Law, and Governance – subject to meeting the peer-review process – will be published in the special edition of the Journal of Accounting and Business Research and IBA Business Review. The information on JIABR for the special issue can be accessed using the link The authors are requested to give their consent for possible publication(s) in the said journals while submitting their paper(s) for the conference.

JIABR special issue: Please send all proposal queries to Professor Dr Hilal Butt at Email:

IBA Business Review: In order to submit your proposals for IBA Review, please contact Dr Nader Virk at

Under this track of the conference, papers are accepted that address the broader theme of finance, accounting, and law. The topics include, but are not limited to:

  • financial markets
  • regulations
  • investments
  • corporate finance
  • Islamic finance
  • corporate governance
  • audit quality
  • data analytics using accounting data, and
  • behavioral finance

A dedicated event inviting papers on critical issues in Islamic finance, law, and governance will also be organized in partnership with the Swansea University School of Management and CEIF. The organising team includes eminent researchers in Islamic finance: Dr Nader Virk from Swansea University, UK; Dr Tasawar Nawaz from the University of Plymouth, UK; and Professor Dr M. Shahid Ebrahim from Durham University, UK.

Workshops on the Special Interest Event

In addition to the paper tracks and panel discussions, the special event also offers the following open workshops that are aimed at doctoral researchers, academicians, and practitioners alike. Attendance at the workshop is free and all are welcome to attend.

Corporate Governance in Islamic Institutions: Theory and Practice

A workshop will also be held for doctoral students and interested researchers on Corporate Governance in Islamic Institutions: Theory and Practice. The workshop will be conducted by scholars renowned in the area and is aimed to equip researchers with the knowledge of how corporate governance is practiced in Islamic institutions and the means and venues of research in the area.

Meet the Editors

The Islamic Finance event will organise a dedicated virtual session on how to publish in reputable journals in finance, where editors of leading journals in finance will be invited. This will help young and established researchers to outline collaboration and dissemination strategies for their research.

* There is no registration fee for the authors who are submitting their paper for the seminar on Critical Issues in Islamic Finance, Law, and Governance.

Special Interest Event: Critical issues in Islamic Finance, Law, and Governance

The purpose of this special interest event is to serve as a forum to identify, exchange and advance ideas that are crucial for the standardisation, growth and stability of the Islamic finance sector. Importantly, studies have shown that issues about religious entrenchment increases agency costs and may create adverse performance outcomes and obscure Shariah governance (Nawaz and Virk, 2019; Gözübüyük et al., 2020; Virk et al. 2022). These issues and other interesting topics are worth investigating when it is known that robust policies and regulatory frameworks are essential to curb shocks to the economic system and reinforce financial inclusion (Ebrahim, 2009).

The overarching aim is to bring together areas of financial innovation, financial intermediation, regulatory oversight and internal governance mechanisms to offer customized and innovative financial solutions subject to robust and consistent legal injunctions that are effectively supervised. Renowned scholars and practitioners will be invited to present their work and sit on the event panels.

Tracks for the Special Interest Event

Papers addressing the theme of the event will be accepted for presentation. Papers on the following topics will be given priority:

  • Islamic Finance and Securitisation of Assets
  • Islamic Finance, Risk-Taking and Risk-Efficiency
  • Islamic Financial Institutions and Innovation Cycle
  • Islamic Finance and Fintech
  • Islamic Finance and Block-chain Technology
  • Islamic Finance and Corporate Networks
  • Islamic Finance and Dual Board Structure
  • Islamic Finance and Agency Costs of Religious Governance
  • Shariah Governance and Accreditation Frameworks
  • The Labour Market of Shariah Scholars
  • Islamic Finance and Financial Inclusion
  • Islamic Finance and Social Welfare
  • Islamic Finance and Economic Development
  • The Resiliency of Islamic Banking and Finance
  • Islamic Finance and Covid19
  • Islamic Finance and Third-sector Organisations
  • Islamic Finance and Investor Protection
  • Islamic finance and Ethical Issues

Ebrahim, M.S. (2009). Can an Islamic Model of Housing Finance Cooperative Elevate the Economic Status of the Underprivileged? Journal of Economic Behavior and Organization, 72, 864-883.
Gözübüyük, R., Kock, C. J., & Ünal, M. (2020). Who appropriates centrality rents? The role of institutions in regulating social networks in the global Islamic finance industry. Journal of International Business Studies, 51(5), 764-787.
Nawaz, T., & Virk, N. S. (2019). Religious entrenchment and agency costs. Economics Letters, 179, 83-86.
Virk, N., Nawaz, T., & Molyneux, P. (2022). A Canary in a Coalmine! Religious agency and its impact on the performance of Islamic banks, working paper.

To be published later


Standard Fee

PKR 5000

Free for Students

We will be giving 50% off to the participants of underprivileged areas/institutions.

Important Dates

May 10th 2022
Paper Submission Deadline

May 15th 2022
Acceptance Notification

May 25th 2022
Registration Deadline

* There is no registration fee for the authors who are submitting their paper for the seminar on Critical Issues in Islamic Finance, Law, and Governance.

Paper Submission Deadline: March 25th 2022
Acceptance Notification: April 10th 2022
Registration Deadline: April 30th 2022


Ostim Technical University

Ostim Technical University

Ostim Technical University is a young university situated in the heart of the SME city of Ankara, Turkey, and this gives its Faculty of Economics and Administrative Sciences the advantage of remaining up-to-date with the demands of the industry. The curriculum of each department within the Faculty is designed in collaboration with industry experts and offers a combination of theory and practice, thus equipping its graduates with 'the realities of business life' that help them excel locally as well as globally.

Located conveniently in the district of Ostim, one of the modern leading industrial areas of Turkey, Ostim Technical University is considered the truly first industrial University of Turkey. Ostim is an international commercial center comprising of over 6200 companies with around 60.000 employees in 17 sectors and 139 business lines. The University has developed many partnerships with these companies and, thus, is well placed to provide its students with practical experience and exposure in addition to classroom theoretical learning.

In case of questions regarding submission, registration, sponsorship, and other matters related to the special interest event, please feel free to contact us.

1) Dr. Tasawar Nawaz,
University of Plymouth, UK

2) Dr. Nader Virk,
Swansea School of Management,
Swansea University, UK

3) Dr. Hilal Anwar Butt
Institute of Business Administration,
Karachi, Pakistan