Socio-Economic Justice, Equality, SDGs and the Constituting of Participatory

Society: The Islamic Moral Economy & Finance Project

SASE Conference on
Global Reordering: Prospects for Equality, Democracy and Justice
Doshisha University, Kyoto, Japan
23th June 25th June 2018
https://sase.org/event/2018-kyoto/#mini
http://www.durham.ac.uk/dcief

Abstract:

Islamic moral economy has emerged in the post-colonial period to respond to the observed
developmentalist failures including socio-economic failures and the failed political process. As a
project, Islamic moral economy aims at human-centred development by essentialising social
justice, equality, and participatory and sharing society by rescuing and re-defining human as well as
land, labour and capital among all other stakeholders. Thus, Islamic moral economy has theorised
an alternative way of re-organising economy, society and politics in an interactive and integrative
manner to form a participatory and sharing economy and society.

Within this alternative paradigm, Islamic finance has emerged as the initial operational aspect of
Islamic moral economy, which has demonstrated an unprecedented growth in asset size and global
expansion. However, despite this phenomenal growth in the transactional nature, we are yet to see
the transformational impact of Islamic finance such as on social justice, equality (prevention of
inequality and poverty), Sustainable Development Goals (SDGs) as well as constituting participatory
and sharing economy.

This mini-conference aims at bringing scholars and practitioners together to discuss the role of
Islamic moral economy and Islamic finance in achieving sustainable development, social justice,
equality (preventing inequality) and participatory society as well as the political economy impact
and consequences of the emerging Islamic finance.

The conference solicits conceptual, theoretical, and empirical papers to address the following issues
within the Islamic moral economy and Islamic finance frame(s):

(1) Socio-economic Development and Policy-making within the Islamic Moral Economy
Paradigm
Alternative models of Islamic economic development;
Alternative models of human-centred developmentalism in Islamic moral economy;
Rationalising sustainable development in Islamic moral economy;
Social and economic justice as well as debate on fairness, equality (inequality) and justice;
The importance of socio-economic justice and its policy implications in Islamic moral
economy and finance;
Islamic social welfare function; social contract theory;
Conceptual, theoretical and empirical explorations on Islamic sustainable development;
Capabilities approach and social justice within Islamic moral economy;
Islamic legal and moral positioning on freedom from poverty and/or inequality or fiqh vs
Islamic moral positioning on the alleviation of poverty and overcoming inequality;
Islamic philosophical, moral and fiqhi positioning on equality;
Alternative indicators including maqasid al-Shariah indicators for assessing social
economic development in Islamic moral economy;

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 Comparative and empirical assessment of socio-economic development,
equality/inequality in Muslim countries and Islamic moral economy and finance responses.

(2) Islamic Finance and Socio-Economic Justice & SDGs Related Performance
The role of Islamic finance in achieving SDGs;
The impact of SDGs on strategising Islamic financial institutions;
The role of Islamic finance in ending poverty and reducing inequality;
Islamic social finance and socio-economic justice in overcoming inequality and poverty;
The environmental impact performance of Islamic finance;
Inclusive growth and social investment through Islamic finance/Islamic social finance;
The role of Islamic finance and Islamic social finance on gender equality;
The state of CSR in Islamic finance and alternative approaches including maqasid al-
Shariah performance;
Sukuk, Green Sukuk and Social Impact Sukuk;
Islamic finance and Socially Responsible Impact Investing;
Examining the relationship between CSR/maqasid performance of Islamic banks and its
relationship to financial performance;
The impact of Shariah governance process in essentialising SDGs in Islamic financial
institutions;
Innovation towards alternative forms and institutions of Islamic social finance

(3) Political Economy of Islamic Moral Economy & Finance for Socio-Economic Justice and
Participatory Society
Conceptual and theoretical imaginations of Islamic moral economy on constituting a new
political economy and social formation in re-organising society and modes of production
leading to participatory and sharing economy, and participatory democracy;
The role of Islamic moral economy and Islamic finance in creating a just and participatory
society and sharing economy within the interaction between state, society, individual and
firms;
Exploring Islamic moral economys imagination for participatory and sharing economy,
and democracy;
Exploring the political expectations and consequences of Islamic moral economy and
finance towards participatory society, sharing economy and democracy;
Locating Islamic moral economy and Islamic finance within counter hegemony, double
movement and social movement frames;
Social contract and its implications for Islamic moral economy and Islamic modes of
productions;
The emergence of Islamic economics and finance through New institutional economics
and New Institutional Sociology;
Comparing the importance of institutional values in Islamic moral economy and new
institutional economics;
The impact of politics in the evolvement, expansion, diffusion and performance of Islamic
finance;
Conceptual and empirical studies on the impact of Islamic finance on political structure
and regulation.
Conceptualising Islamic governance to identify state-society-and firm relationship for
participatory society as well as defining and shaping Islamic corporate governance as part
of participatory society;
Exploring theoretical and empirical studies on the role of Islamic moral economy and
finance in peace and conflict resolution in achieving participatory society;
Conceptual and theoretical explorations on the role of state in Islamic moral economy.

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Abstract/Paper Submission

Please note that colleagues should send 1,000 words of extended abstract by 8th January 2018,
which should provide a short background, aims of the paper, the methodology and method used,
and the findings (or expected findings).

Please also provide your short biography (not CV) in main text of the abstract.

Paper submissions and session proposals must be made through our online submission system; for
additional information on how to submit, please follow the link:
https://sase.org/events/conference-submission-and-award-guidelines/
Once logged into sase.org, simply click on the green Submit A Paper button in the top right-
hand corner of the SASE website to begin the submission process. Please submit your abstracts
by choosing our mini-conference.

The deadline for submitting the extended abstract is 8th January 2018

Acceptance notifications will be sent by 1st March 2018

If you have any queries, please do not hesitate to contact the corresponding organizers below:

Mini Conference Organizers:

Mehmet Asutay (Corresponding organizer)

Professor in Middle Eastern and Islamic Political Economy and Finance
Director, Durham Centre for Islamic Economics and Finance
Durham University Business School
Durham University, UK
Email: mehmet.asutay@durham.ac.uk

Necati Aydin
Associate Professor of Economics
College of Business, Alfaisal University
Riyadh, Saudi Arabia
Email: naydin@alfaisal.edu

Shinsuke Nagaoka
Associate Professor of Islamic Economics and Finance
Graduate School of Asian and African Area Studies
Center for Islamic Area Studies at Kyoto University (KIAS)
Kyoto University, Kyoto, Japan
Email: nagaoka@asafas.kyoto-u.ac.jp