Research Article
Aim & Scope
The Journal is dedicated to building a platform for academicians, market players and those who interested in Islamic economics and finance studies to share, discuss, evaluate and distribute their work and opinions.
International Journal of Islamic Economics and Finance Studies (IJISEF) is an international, academic, periodical and double blind peer-reviewed journal published by Centre of Political Economic and Social Research (PESA) in collaboration with Research Center for Islamic Economics and Finance (RECISEF).
The Journal particularly focuses on topics related to:
- Islamic Economics,
- Islamic Banking,
- Islamic Financial Markets,
- Islamic Governance,
- Fiqh Muamalat,
- Islamic Insurance (Takaful),
- Islamic Accounting,
- Islamic Business,
- Islamic Wealth Management,
- Islamic Financial Institutions,
- Islamic Economic Thought,
- History of Islamic Economics,
- Zakat and Waqf,
and other relevant topics.
Author Guidelines
1. All papers must include an abstract of no more than 200 words. If the article is written in Turkish, there should be also a title and abstract of the article in English. It is strongly advised that the length of the article should not exceed 9000 words including references and footnotes.
2. All papers must include minimum 3, maximum 6 keywords and minimum 1 JEL code. (JEL codes)
3. Referencing must follow APA Style (APA Style Sixth Edition)
4. Margins are as follows:
Paper Size: A4
• Top : 2.5 cm
• Bottom : 2.5 cm
• Left : 2.5 cm
• Right : 2.5 cm
• Gutter : 0”
• Gutter Position : Left
5. Title page:
a. Paper title 14pt, bold and centered
b. First letter of all words are capital
6. Author’s name on the title page:
a. First letter of name and surname are capital, e.g. Hakan Aslan
b. Centered
c. Author’s info (title, affiliation, email address ve Orcid number) in the footnote on the title page, left aligned and 10pt
7. Abstract, keywords, jel codes and the main text of the paper:
Main text:
a. Palatino Linotype font, 11pt, justified
b. Paragrafh spacing: before and after 6pt, line spacing: 1,15
Abstract, keywords, jel codes:
a. Palatino Linotype font, 10pt, justified
b. Paragrafh spacing: before and after 6pt, line spacing: 1,15
8. Heading
a. Left aligned, title case, numbered (excluding introduction, results and references), bold
b. Main headings and subheadings must numbered as follows: 1, 1.1, 1.1.1,…
9. Table, figure, graph, exhibit or chart: e.g. Table 1: Style Guide for Authors
a. Numbered
b. Above the table, figure, graph…
c. Bold, e.g: Graph 1:
d. Title case
10. References must be written alphabetically according to the surname of the author.
11. Illustrations, pictures and graphs, should be supplied with highest quality and in an electronic format that helps us to publish your article in the best way possible.
12. Papers should not include headers, footers and page numbers.
Ethical Principles and Publication Policy
International Journal of Islamic Economics and Finance Studies (IJISEF) attaches importance to the Code of Ethics to protect the rights of the journal, authors and science. At this point, it is important that all parties included in the publication process (authors and researchers, reviewers and editors) comply with the ethical principles. In this framework, the ethical rules that the parties must follow are as follows:
Author’s Responsibilities:
• All authors have significantly contributed to the research,
• Statement that all data in article are real and authentic; there should be no plagiarism and fraudulent data,
• Forbidden to publish – or to send for publishing – same research in more than one journal,
• The cited sources should be written in the bibliography,
• Citations and bibliography should comply with the spelling rules,
• Similarity rate of the study should not exceed 20%,
• Academic studies should not contradict publishing ethics,
• All authors are obliged to provide retractions or corrections of mistakes,
• It is assumed that the authors agree to abide by these rules.
Reviewers’ Responsibilities:
• Reviewers should definitely report articles’ shortcomings and scientific contributions,
• They should not act contrary to the confidentiality of the articles,
• Judgments should be objective,
• Reviewers should have no conflict of interest with respect to the research, the authors and/or the research funders.
Editorial Responsibilities:
• Editors have complete responsibility and authority to reject/accept an article,
• Editors should have no conflict of interest with respect to articles they reject/accept,
• Only articles that will contribute to the field should be accepted,
• When errors are found, they should promote publication of correction or retraction,
• They should preserve anonymity of reviewers; and prevent plagiarism / fraudulent data.
For actions contrary to scientific research and publication ethics, see: “Higher Education Institutions Scientific Research and Publication Ethics Directive, Article 4 (Yükseköğretim Kurumları Bilimsel Araştırma ve Yayın Etiği Yönergesi, Madde 4)”, http://www.uak.gov.tr/yonetmelikler/Yay%C4%B1nEti%C4%9FiY%C3%B6nergesi_140318.pdf.
Determination of the Situation Contrary to Publication Ethics
International Journal of Islamic Economics and Finance Studies (IJISEF) uses double-blind review fulfilled by at least two reviewers. In addition, all articles are checked by means of a program in order to detect of situations contrary to publication ethics.
When a reader discovers a significant error or inaccuracy in a paper published in International Journal of Islamic Economics and Finance Studies (IJISEF) or have any other complaint about editorial content (plagiarism, duplicate papers, etc.), he/she should make a complaint by e-mail to: hakanaslan@sakarya.edu.tr. We welcome complaints as they provide an opportunity for improvement, and we aim to respond quickly and constructively.
Price Policy
The services provided by IJISEF are free of charge. Author(s) do not need to make any payment for submission, processing and publishing their paper(s) in the IJISEF.
Indexes
Journal Boards
Editor in Chief
Editors
Erhan Akkas is currently an assistant professor at Sakarya University in Turkey. He graduated from Durham University with a Ph.D. in Islamic economics and finance in 2019, after obtaining his master’s in political economy from the University of Sussex. Akkas was a visiting research fellow at Durham University Business School as well as a lecturer at Agri Ibrahim Cecen University in Turkey between 2020 and 2022. An associate professorship was granted to him in February 2023 by the Turkish Interuniversity Board (ÜAK). Akkas has written many academic papers, policy briefs, and edited books. Akkas' most recent research focuses on political economy, Islamic economics, Islamic finance, economic develpment, and GCC countries.
Editorial Board
Banjaran Surya Indrastomo is currently a lecturer at Islamic economics program, Faculty of Economics and Business, University of Indonesia and a member of Board Advisor, Business Risk and Finance Working Group, School of Business and Management, Bandung Institute of Technology in Indonesia. He earned his Ph.D in Islamic economics and finance from Durham University in 2019, after obtaining M.A. in Islamic Finance from Durham University in 2013. Banjaran was an International Fellow at Fondazione per le Scienze Religiose (FSCIRE) in Bologna/Palermo Italy from 2020 to 2021 working on project Teologia, pensiero economico e prassi commerciali: feneratio, ribā e tasso d’interesse fra cristianesimo e islam' (Theology, economic thought and commercial practices: feneratio, ribā and interest rate in Christianity and Islam), co-funded by Banca d’Italia. He has published worked in peer-reviewed Journal, such as Heliyon and Journal of Business Ethics, and has numerous writings both in popular channel and in the form of policy briefs. Beside his academic work, Banjaran is currently involved in shaping Islamic economic and finance industry, acting as Chief Economist of PT. Bank Syariah Indonesia, Tbk, Indonesian largest Islamic/participatory bank and as member of Islamic Economic Board, Indonesian Chamber of Commerce and Industry.
Mervan Selçuk graduated from the Business Department of Istanbul University in 2014. He received his MA and Ph.D. degrees from Islamic Economics and Finance Department at Sakarya University in 2016 and 2021, respectively. His doctoral dissertation is about the feasibility of a monetary union in Islamic countries. He was a visiting researcher at Kuwait University between November 2018 - May 2019. Since 2015, Assoc. Prof. Selçuk has been a research assistant at the Research Centre of Islamic Economics and Finance, Sakarya University. His research areas include Islamic economics, monetary unions, and cryptocurrencies.
He was born on 25 May 1983 in Dimetoka, Greece. In 2006, he graduated from Marmara University Faculty of Theology. He completed his postgraduate education at Marmara University in 2014 and received his doctorate degree in Islamic law. He is currently working as an Associate Professor at Sakarya University Faculty of Theology. His research interests include foundation law and history, classical-modern fiqh thought, late Ottoman legal thought and Islamic economics. Purpose in Waqf: A Research in the Framework of Hanafi Waqf Law, 40 Questions on Waqf, and The Literature of Islamic Law Studies in Turkey (1928-2012), as well as published articles and book translations.
Alija Avdukic is currently a Professor in Islamic Economics and Finance at Al- Maktoum College of Higher Education and is the deputy director of Ph.D. & MSc Islamic Finance programs at Business School of the University of Dundee. Alija holds a Ph.D. in Islamic Economics and Finance (2016) from Durham University; and has MA in Islamic Banking, Finance and Management (2010) from Gloucestershire University. Alija completed his BA (2003) and PGDip (2007) from Al-Azhar University, Cairo, and Damascus University, Damascus.
Alija’s research interest in Islamic economics and its various articulations, Islamic moral and political economy, and Islamic finance and banking. Alija teaches and supervises research on Islamic political and moral economy, Islamic banking, finance, and the political economy of development in the Muslim world. Alija’s recent research includes the construction of Islamic moral economy and Islamic political economy, both of which is considered as an incomplete project since the early 1970s. Secondly, Alija develops the discourse around the ‘social and developmental failure’ of Islamic banking and finance in relation to the expressed ideals of Islamic moral economy by essentializing sharing and collaborative economy nature of Islamic finance. Alija is also involved in empirical research in various aspects and dynamism of Islamic banking and finance.
Web
İstanbul Medeniyet Üniversitesi
Field Editors (Econometrics)
AĞRI İBRAHİM ÇEÇEN ÜNİVERSİTESİ
Field Editors (Islamic Economics)
Yeditepe Üniversitesi Bilgisayar Mühendisliği Bölümü’nden 2007 yılında mezun oldu. Aynı üniversitede İşletme (MBA) ve Ürdün Bilim ve Teknoloji Üniversitesinde Bilgisayar Bilimleri Yüksek Lisanslarını tamamladı. 2014 yılında Durham Üniversitesi’nde başladığı İslami Finans Doktora programını 2018 yılında tamamlayan Şencal, İslam Ekonomisi ve İslami Finans alanlarında çalışmalarını sürdürmektedir. Araştırmaları ve yayınları İslam Ekonomisinin dar kalıplar içinde yorumlanan bir disiplinden ziyade interdisipliner veya transdisipliner bir yaklaşımla ele alınması ve geliştirilmesi üzerine yoğunlaşmaktadır. Bu bağlamda üniversite, vakıf ve derneklerde alana dair programlar düzenledi ve dersler verdi. Bu alandaki çalışmalarını sunmak için katıldığı uluslararası konferansların yanı sıra uluslararası dergilerde de yayınları bulunmaktadır.
İsa Yılmaz holds a bachelor's degree in Economics and Management from Istanbul Bilgi University and participated in the University of London double degree program, receiving academic guidance from the London School of Economics and Political Science (LSE). He pursued his master's degree in Islamic Finance at the University of Durham (UK) and completed his Ph.D. in Islamic Finance from the same institution. Currently, he serves as an associate professor in the Economics Department at Istanbul Medeniyet University. He has published several academic papers on economic development, financialization and aspects of political economy in Islamic economics. In a broader context, he explores alternative economic and financial systems that strive to envision authentic models with positive developmental and welfare outcomes for emerging economies. To explore these areas, he engages with the literature on the moral economy, political economy, philosophy of economics, and alternative banking and financial models.
Field Editors (Islamic Finance and Banking)
Murat Yaş Marmara Üniversitesi İslam Ekonomisi ve Finansı Enstitüsü'nde Dr. Öğretim Üyesi olarak görev yapmaktadır. Ayrıca Japonya'da Sophia Üniversitesi Asya, Afrika ve Ortadoğu Çalışmaları Enstitüsü'nde Ziyaretçi Araştırmacı olarak bulunmuştur. Yüksek Lisans ve Doktora eğitimini Malezya'da INCEIF Üniversitesi'nde İslami Finans alanında tamamlamış ve lisans derecesini Ekonomi alanında Boğaziçi Üniversitesi'nden almıştır. Ayrıca, İngiltere'de Reading Üniversitesi'nde ICMA Centre’da ziyaretçi yüksek lisans öğrencisi olarak bulunmuştur.
Araştırma alanları finansal piyasalar, İslami finans ve Asya çalışmalarıdır.
2011 yılında Ankara Üniversitesi Siyasal Bilgiler Fakültesi İşletme Bölümünden, Yüksek lisansını, 2016 yılında Sakarya Üniversitesi İslam Ekonomisi ve Finansı anabilim dalında “Borsa İstanbul Katılım Endeksinin Piyasa Faiz Oranları ile İlişkisi ve Performansının Analizi” başlıklı teziyle tamamladı. 2020 yılında ise Sakarya Üniversitesi İlahiyat Fakültesinde ikinci lisansını tamamladı. 2021 yılında aynı anabilim dalında “İslami Mikrofinans Programlarının Etkinliği: İksar Karz-ı Hasen Örneği” başlıklı tez çalışmasıyla doktorasını tamamladı. 2014-2021 yılları Sakarya Üniversitesi İslam Ekonomisi ve Finansı Uygulama ve Araştırma Merkezinde araştırma görevlisi olarak çalıştı. Halen Sakarya Üniversitesi Siyasal Bilgiler Fakültesi, İslam iktisadı ve finans bölümünde Doçent olarak görev yapmaktadır.
Doç. Dr. Hakan Aslan, Sakarya Üniversitesi İslam İktisadı ve Finans Bölümü'nde görev yapmaktadır.
Field Editors (Islamic Law)
Batuhan Buğra Akartepe, 2015 yılında Marmara Üniversitesi İlahiyat fakültesinden mezun olmuştur. 5 yıllık lisans eğitimi boyunca İlimler ve Sanatlar Merkezi’nde (İSM) klasik İslami ilimler eğitimini tamamlamıştır. İlahiyat fakültesi sonrasında Anadolu Üniversitesi İktisat Fakültesi’nde ikinci lisans eğitimi almıştır. Yüksek lisans tezini İstanbul Üniversitesi İslam İktisadı ve Finansı bölümünde tamamlamıştır. Halen İstanbul Üniversitesi İslam İktisadı ve Finansı bölümünde doktora çalışmalarına devam etmektedir. 2016 yılından beri İstanbul Üniversitesi Sosyal Bilimler Enstitüsü-İslam İktisadı ve Finansı ABD bünyesinde araştırma görevlisi olarak çalışmaktadır. Çalışma konuları arasında; alacak satımı, kitlesel fonlama işlemleri, girişim sermayesi, İslami hisse senedi endeksleri ve güncel İslam iktisadı meseleleri yer almaktadır.
Siyasal Bilgiler Fakültesi, İslam İktisadı ve Finansı Bölümü
Field Editors (International Economics)
AĞRI İBRAHİM ÇEÇEN ÜNİVERSİTESİ
Field Editors (Finance and Banking)
Türk-Alman Üniversitesi İktisadi ve İdari Bilimler Fakültesi İşletme Bölümünde görev yapmaktadır. Çalışma alanları, kurumsal finans, davranışsal finans ve sermaye piyasalarıdır.
Field Editors (Political Economy)
Yeditepe Üniversitesi Bilgisayar Mühendisliği Bölümü’nden 2007 yılında mezun oldu. Aynı üniversitede İşletme (MBA) ve Ürdün Bilim ve Teknoloji Üniversitesinde Bilgisayar Bilimleri Yüksek Lisanslarını tamamladı. 2014 yılında Durham Üniversitesi’nde başladığı İslami Finans Doktora programını 2018 yılında tamamlayan Şencal, İslam Ekonomisi ve İslami Finans alanlarında çalışmalarını sürdürmektedir. Araştırmaları ve yayınları İslam Ekonomisinin dar kalıplar içinde yorumlanan bir disiplinden ziyade interdisipliner veya transdisipliner bir yaklaşımla ele alınması ve geliştirilmesi üzerine yoğunlaşmaktadır. Bu bağlamda üniversite, vakıf ve derneklerde alana dair programlar düzenledi ve dersler verdi. Bu alandaki çalışmalarını sunmak için katıldığı uluslararası konferansların yanı sıra uluslararası dergilerde de yayınları bulunmaktadır.
İsa Yılmaz holds a bachelor's degree in Economics and Management from Istanbul Bilgi University and participated in the University of London double degree program, receiving academic guidance from the London School of Economics and Political Science (LSE). He pursued his master's degree in Islamic Finance at the University of Durham (UK) and completed his Ph.D. in Islamic Finance from the same institution. Currently, he serves as an associate professor in the Economics Department at Istanbul Medeniyet University. He has published several academic papers on economic development, financialization and aspects of political economy in Islamic economics. In a broader context, he explores alternative economic and financial systems that strive to envision authentic models with positive developmental and welfare outcomes for emerging economies. To explore these areas, he engages with the literature on the moral economy, political economy, philosophy of economics, and alternative banking and financial models.
Field Editors (Economic History)
Layout Editor
Sakarya Üniversitesi İslam Ekonomisi ve Finansı Uygulama ve Araştırma Merkezi
Language Editor
Web
Sakarya Üniversitesi
Technical Editor
Sakarya Üniversitesi İslam Ekonomisi ve Finansı Uygulama ve Araştırma Merkezi
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