European Journal of Islamic Finance

SPECIAL ISSUE: Islamic Banking and Finance in Europe

Introduction

Special issue: islamic banking and finance in europe. Explore the rapid growth of Islamic banking and finance in Europe. Discover its impact on economic development, social inclusion, and SME financing across various sectors.

Abstract

Islamic banking has emerged as one of the fastest-growing industry sectors over recent years. Islamic Finance has now become a global phenomenon due in large part because it is perceived as less risky than the conventional finance – especially during crises. The Islamic Financial services industry has grown significantly over the last 10 years, reaching a value of more than $1.88 trillion by 2015.The special issue aims at studying recent developments in Islamic banking and finance in Europe both theoretically and empirically.Contributions focusing on the use of Islamic finance to trigger processes of social inclusion and to foster economic development and internationalisation of local SMEs, particularly in the field of renewable energies, biotechnology and aerospace, with insights and updates on the evolution of the law on fiscal neutrality are highly encouraged.The papers can cover various aspects of Islamic banking and finance with a prospective of the themes of the TIEF 2017, can include, but not limited to, the following: Islamic Financial Institutions in Europe Islamic Bank Performance in EuropeTheoretical foundations of Islamic banking and financeSharia requirements in Islamic bankingProfit-and-loss sharing principle of Islamic banksFinancial innovation and Islamic bankingRegulatory issues in Islamic banking and financeBasel 3 and Islamic bankingRisk management in Islamic financeIslamic Corporate GovernanceFinancing SMEs through Islamic FinanceFinancing businesses through Islamic financing: opportunities and challengesEthical and Socially Responsible Investment and FinancingIslamic Finance and Economic Development in EuropeIslamic MicrofinanceIslamic Capital MarketsSukukFunding Infrastructure Projects through SukukTaxation framework for Sukuk in EuropeIslamic Mutual FundsTakaful and conventional insuranceIslamic AccountingIslamic finance: behavioural aspectsThe Future of Islamic Financial systemsTaxation and Zakat AccountingSocial Inclusion Submission: Please indicate in the process of submission in the comments that it is for the special issueDeadline for receipt of manuscripts is: April 10th 2017

Review

The special issue, "Islamic Banking and Finance in Europe," addresses a highly pertinent and rapidly expanding area within the global financial landscape. The abstract effectively highlights the remarkable growth of Islamic finance, positioning it as a significant global phenomenon valued at over $1.88 trillion by 2015, and notably perceived as more resilient during periods of conventional financial crises. The core objective of this issue – to explore recent theoretical and empirical developments in Islamic banking and finance specifically within the European context – is therefore timely and crucial for understanding the integration and evolution of this unique financial system in a major economic region. The proposed scope for contributions is exceptionally broad and detailed, covering a comprehensive spectrum of themes relevant to Islamic finance in Europe. Beyond foundational aspects like theoretical underpinnings and Sharia requirements, the issue strongly encourages papers on the practical application of Islamic finance to foster social inclusion, stimulate economic development, and facilitate the internationalization of local SMEs, particularly in high-growth sectors such as renewable energies, biotechnology, and aerospace. The explicit mention of insights into the evolution of laws on fiscal neutrality underscores a critical practical and regulatory dimension, ensuring that the issue will tackle real-world implementation challenges alongside academic inquiry. The extensive list of topics, ranging from institutional performance and risk management to Sukuk, Takaful, microfinance, and behavioral aspects, promises a multi-faceted and in-depth examination. Overall, this special issue is poised to make a substantial contribution to the literature on Islamic banking and finance, offering a much-needed dedicated focus on its European trajectory. By encouraging a blend of theoretical foundations, empirical analysis, and practical implications, it will serve as an invaluable resource for academics, industry practitioners, policymakers, and regulators. The breadth of topics ensures that various stakeholders, from those interested in financial innovation and regulatory frameworks to ethical investment and social impact, will find relevant and insightful contributions. The concentrated effort to study Islamic finance's role in economic development and social inclusion, coupled with its engagement with cutting-edge industries, positions this special issue as a forward-looking and highly relevant publication in the evolving global financial paradigm.

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