PROGRAM

Tunisia International Conference on Islamic Economics and Finance Islamic Financial Institutions: Risk Management, Financial Engineering and Financial Stability

Diar Limdina, Yasmine Hammamet -

ORGANIZERS

SPONSORS

PARTNERS

www.colloquefinanceislamique.com Day 1 – April 12, 2019 09:00 – 09:30 Welcome and Opening Remarks - Amphitheatre 09:30 – 10:30 Keynote Address - Amphitheatre Dr. Dawood Ashraf Senior Researcher IRTI - IDB, KSA "The elephant in the room "

10:30 – 11:00 Coffee Break 11:00 – 12:00 Keynote Address - Amphitheatre

Prof. Mehmet Asutay Director of Durham Centre for Islamic Economics and Finance. Durham University, UK

"Financialisation and Islamic Finance: Sustainability Risk in Islamic Finance through Islamic Moral Economy Frame "

12:00 – 13:00 Lunch Break 13:00 – 14:00 Friday Prayer Day 1 – Friday April 12, 2019

14:00 - 15:30 Parallel Sessions (A)

Islamic banking I, Room 1 Risk Management I, Room 2 Capital Markets I, Room 3 Chair : Prof. Mahmoud Sami Nabi Chair : Dr. Ioannis Akkizidis Chair : Prof. Adel Boughrara (Univ. - Tunisia) (Univ. Zurich, Switzerland) (Univ. - Tunisia) Market concentration and banking Essays on modelling liquidity Systemic risk contribution in Islamic financial performance: Moderating management in Islamic banks: micro Sector Indexes: CoVaR Based Model effect of market share (49) and macroeconomic analysis (76) (37) Sana Braiek (Univ. Sousse - Tunisia), Rihab Nihed Fezai (Univ. Sousse - Tunisia), Lotfi Jamel Boukhatem (Univ. Umm al-Qura - KSA), Bedoui (Univ. Sousse - Tunisia), Lotfi Belkacem (Univ. Sousse - Tunisia) Mouldi Djelassi (Univ. Umm al-Qura - KSA) Belkacem (Univ. Sousse - Tunisia) The Determination of Alpha in the Performance et efficience technique Capital Adequacy ratio for Institutions des banques islamiques et Financial stability and risk transmission (other than Insurance Institutions) conventionnelles: Approche par les in Malaysian dual financial system (96) offering only Islamic Financial Services méthodes DEA et FRA (75) (116)

Sami Ben Mim (Univ. Sousse - Tunisia), Mahmoud Bekri (IRTI, KSA), Dawood Ashraf Ahmed Elsayed (Univ. Durham - UK) Montassar Zayati (Univ. Sousse - Tunisia) (IRTI, KSA)

Methods of Stress Testing and its Financial dependence analysis among Islamic Finance and Decision Support Applications in an Islamic Bank in Dow Jones sectors indexes: Application through Multicriteria Analysis (1) Bangladesh: An Empirical Study (3) of Vine copula (38) Sana Braiek (Univ. Sousse - Tunisia), Rihab Nesrine Jmili (Univ. - Tunisia) Md Mizanur Rahman (IBTRA - Bengladesh) Bedoui (Univ. Sousse - Tunisia), Lotfi Belkacem (Univ. Sousse - Tunisia) Day 1 – Friday April 12, 2019

16:00 - 17:30 Parallel Sessions (B)

Fiqh and legal issues I, Room 1 Corporate Finance I, Room2 Quantitative Finance I, Room3 Chair: Prof. Borhen Naffati Chair: Dr. Nafti Bakini Olfa Chair: Prof. Slim Skandar (Univ. Ez-Zitouna - Tunisia) (Univ. - Tunisia) (Univ. Sousse - Tunisia) Determinants of corporate risk disclosure Reasons behind the Apprehension 40( ) practices: The case of Islamic banks in towards Equity-based Contracts in Gulf Cooperation Council region (33) Islamic Finance (31) Hechem Ajmi (IIUM - Malaysia), Hassanuddeen Aziz ((IIUM - Malaysia), Salina Kassim (Salina Sulaiman Alkaabi(Univ. Ez-Zitouna) Samir Srairi (Univ. Manouba, Tunisia) Kassim), Walid Mansour (SA Monetary Authority) L’effet des mécanismes internes de The Art of designing a set of optimal gouvernance et de la corruption sur la Paying for Performance contracts with 54( ) performance des banques islamiques au Agency Problems, Incentives and Moyen Orient et l’Afrique du Nord (111) asymmetry of information (98)

Hayette Dami (Fseg Sfax - Tunisia), Houda Ben Hichem Raboudi (Univ. Ez-Zitouna - Tunisia), Said (Fseg Sfax - Tunisia), Abdelfatteh Bouri Anas Elmelki ( University-Tunisia) Mohamed Ghroubi (Univ. Ez-Zitouna - Tunisia) (Fseg Sfax - Tunisia) Political connections, joint audit and tax : Pricing participating Forward contracts avoidance: Evidence from Islamic 93( ) (35) banking industry (131)

Anis Guezzi (Univ. Ez-zitouna, Tunisia), Hana Ajili (Fseg Sfax - Tunisia), Hichem khlif Amina Dchieche (Rabat Inter Univ. Morocco), Khoutem Ben Jedidia (Univ. Manouba - (Fseg Sfax - Tunisia) Hichem Rezgui (Rabat Inter Univ. Morocco) Tunisia) Day 2 – Saturday April 13, 2019

08:30 - 10:00 Parallel Sessions (C)

Capital Markets II, Room 1 Shariah Governance, Room 2 Islamic Banking II, Room 3 Chair: Dr. Ahmed Ben Saida Chair: Prof. Mehmet Asutay Chair: Dr. Sami Ben Mim (Univ. Sousse, Tunisia) (Univ. Durham, Uk) (Univ. Sousse -Tunisia) The Effect of Capital Openness, Risk Religious Sentiment and The Islamic Shariah Governance and Shariah Taking and Environmental Factors on Financial Market (123) compliance performance (15) Cost and Profit Efficiencies of MENA Banking Sector (2002-2012) (85)

Amira Wanes (Univ. Sfax-Tunisia), Kaouther Emna Mnif (Univ. Sfax - Tunisia), Anis Toumi (Univ. Toulouse 3- France), Mehmet Kaïs Ayachi (ISTEUB- Tunisia) Jarboui (Univ. Sfax - Tunisia) Asutay (Univ. Durham-UK)

Comparaison de la Performance de Shariah Board Characteristics’ Effects Gouvernance, Risque de Liquidité et l’indice boursier islamique DOW JONES On Takaful Insurances’ profitability: Stabilité bancaire: Cas des Banques avec son homologue conventionnel Evidence from Indonesian and Islamiques (50) (124) Malaysia (18)

Samira Haddou (Univ. Sousse - Tunisia), Hanen Feki (Univ. Sfax - Tunisia), Siwar Nourhen Sallemi (Univ. Sfax - Tunisia), Rim Sawsen Mkhinini Hattab (Univ. Sousse - Ellouz (Univ. Sfax - Tunisia) Zouari Hadiji (Univ. Sfax - Tunisia) Tunisia) The impact of the Shariah Board’s Islamic Banks and Systemic Risk in the SIFI et Risque Systémique (10) characteristics on the financial Islamic Financial Industry: A soundness of Islamic banks (53) Conceptual Analysis (44)

Afef Khalil (HEC Carthage - Tunisia), Neila Adamu Umar (Bayero University Kano - Hayfa Kazouz (Fseg Sousse - Tunisia) Boulila (HEC Carthage - Tunisia) Nigeria) Day 2 – Saturday April 13, 2019

10:00 – 10:30 Coffee Break 10:30 – 11:30 Keynote Address - Amphitheatre Prof. Hassan Kabir Professor of Finance. University of New Orleans, USA

"Value based Islamic financial intermediation "

11:30 – 12:30 Keynote Address - Amphitheatre

Prof. Abdul Hamid Baaly Professor of comparative Fiqh Kuwait International Law School, Kuwait. “Topic”

12:30 – 14:00 Lunch Break Day 2 – Saturday April 13, 2019 14:00 - 15:30 Parallel Sessions (D) Corporate Finance II, Risk Management II, Financial Stability, Fiqh and legal issues II, Room1 Room 2 Room 3 Room 4 Chair: Dr. Faten Zoghlami Chair: Prof. Dhafer Saidane Chair: Dr. Dawood Ashraf Chair: Sameh Ben Farah (Univ. Manouba, Tunisia) (Skema Business Sch, France) (IRTI - IDB, KSA) (Univ. Ez-Zitouna, Tunisia) Analysis of Compliance Level Determinants of Islamic and with AAOIFI Governance Credit risk determinants: How conventional banks stability : Standards: Evidence from differs between Islamic and A comparative analysis ﻓ ( 132) Islamic banks in the MENA conventional banks (17) during the financial crisis region (7) period (11) Ameni Ghenimi (Univ. Sfax), Hasna Ibrahim Hidoussi (Univ. Ez-zitouna ), Yosra Mnif Sellami (Univ. Sfax), Chaibi (Univ. Sfax), Mohamed Ali Sami Ben Mim (Univ. Sousse - Khoutem Ben Jedidia (Univ. Marwa Tahari (Univ. Sfax ) Brahim Omri (Univ. Northern Border Tunisia), Feriel Ltaief (Univ. Sousse) Manouba) - KSA) Shari’ah disclosure of Islamic Relationship between liquidity Financial reforms and bank ﻓ banks, its compliance with risk and profitability in MENA stability: An analysis on ﻓ ( AAOIFI standards and its Islamic banks: a nonlinear (129 Tunisian banks (83) determinants (22) approach (48)

Ines ben Salah (Univ. Sfax), Mohamed Gattoufi (Univ. Ez- Bechihi Oumayma (Univ. Manouba), Khoutem Ben Jedidia (Univ. Lamia Bouaziz (ESC - Tunisia) zitouna), Mohamed Ghroubi (Univ- Nafti Olfa (Univ. Manouba) Manouba) Ezzitouna) Do Islamic accounting and auditing standards increase “Regulations/ Risk-Taking” ﻓ Impact de l'opacité bancaire the reliability of accounting Nexus under Competitive ﻰ sur les risques de crédit et de information in Islamic financial Pressure: What about the liquidité (128) 84( ) institutions? Evidence from Islamic banking system? (51) MENA region (41) Fatma Kateb (Univ. Nadia Taibi (Univ. Saida - Algeria), Awatef Louhichi (Univ. Sfax), Salma Manouba), Neila Boulila Taktak iness khamassi (Esct - Tunisia), Khadija Harig (Univ. Saida - Louati (Univ. Sfax), Younes (Univ. Carthage , Muhammed Kabir Neoui Kamel (Esct - Tunisia) Algeria), Khadra Seddiki (Univ. Boujelbene (Ureca - Tunisia) Hassan (Univ. New orleans - USA) Saida - Algeria) Day 2 – Saturday April 13, 2019

15:30 – 16:00 Coffee Break 16:00 – 17:00 Keynote Address - Amphitheatre Dr. Ioannis Akkizidis. Department of Banking and Finance. University of Zurich, Switzerland

“Islamic finance evolution and risk management: where it stands under global market uncertainties, regulations and innovations"

17:00 – 19:00 Professional Round Table - Amphitheatre

“L’Ingénierie financière islamique à l’ère du Fintech : Aspects opérationnel, fiqh’ique, réglementaire et juridique "

20:00 – 19:00 Gala Dinner 9 Day 3 – Sunday April 14, 2019 08:30 - 10:00 Parallel Sessions (E) Takaful Institutions, Islamic Economics I, Fiqh and legal issues III, Islamic Microfinance I, Room 1 Room 2 Room 3 Room 4 Chair: Prof. Abdul Hamid Chair: Prof. Ilyess Dardour Chair: Pr. Ridha Saadallah Chair : Pr. Mouldi Djelassi Baaly (Inter. Kuwait. Law (Univ. Ez-Zitouna, Tunisia) ( Univ. Sfax, Tunisia) (Univ. Umm al-Qura- KSA) School) Harmonization and Outreach and sustainability of Standardization for Islamic Islamic Microfinance (125 ) finance dispute resolution institutions: Does the 94( ) system: Creating Universal institutional context matter? Economical System (25) (23) Om Kalthoum Majoul (Univ. Ez- Asma Bensalem (Univ. Sousse - Dhouha Oueslati (Fdsp - zitouna), Khoutem Ben Jedidia Ai Iwamoto Kawamura Tunisia), Ines Ben Abdelkader Tunisia) (Univ. Manouba), Borhen Neffati (Univ.Tsukuba - Japan) (Univ. Sousse ) (Univ. Ez-zitouna) Determinants of Zakat payment to Zakat institution: (105 ) (110 ) Case of Tunisia (26) 60( )

Yosra Ben Said (Univ. Sfax ), Mehiaddine Samir (Univ. Jijel - Nabil Zayd Muqabala (Jadara Mohamed Nasser Elhachimi (Univ. Nejia Zaouali (Univ. Monastir - Algeria), Korichi Laid (Univ. Jijel), university - Jordan), Naser Balawi Ezzitouna), Mounir Tlili (Univ. Tunisia), Fatma Hakim (Univ. Tahar Djellit ( (Univ. Jijel) (Jadara university - Jordan) Ezzitouna ) Sfax)

Empowering Community - Through Entrepreneurship (126 ) (122 ) Training and Islamic (114 ) 2015 - 2010 Microfinancing (8)

Om Kalthoum Majoul (Univ. Ez- Norma Md Saad (IIUM - Malaysia), Wafa Aillane zitouna), Khoutem Ben Jedidia Mustafa Mohammad (IIUM), Alaa Alobied (Univ. Kuwait) (Univ. Ferhat Abbas - Algeria) (Univ. Manouba), Borhen Neffati Mohammed Aslam Mohammed (Univ. Ez-zitouna) Haneef (IIUM) Day 3 – Sunday April 12, 2019

10:30 - 12:00 Parallel Sessions (F)

Risk Management III, Room 1 Islamic Economics II, Room 2 Capital Markets III, Room 3 Chair : Pr. Ahmed Elseyd Chair : Dr. Jamel Boukhatem Chair. Prof. Kabir Hassan (Univ. Durham - UK) (Univ. Umm al-Qura- KSA) (New Orleans University, USA)

Testing the oil shocks effect on GCC Discipline du marché et gestion des Human development and zakat, what islamic stock markets and GCC sukuk risques dans les banques islamiques (56) relationship? Econometric study (108) markets: The effect of Herd Behavior 12

Mohammed Reda Bouchikhi (Univ. Mascara - Said Boubchir (Univ. Ez-zitouna), Mohamed Algeria), Ghrissi Sadouki (Univ. Mascara - Taicir Mezghani (Fseg Sfax - Tunisia), Mouna Ghroubi (Univ. Ez-zitouna) Algeria), Mohamed Yagoub (Univ. Mascara - Abbes Boujelbene (Fseg Sfax - Tunisia) Algeria) Risk Taking Behaviour of Islamic Financial uncertainty and equity-sukuk What Matters to Waqifs? A Case of Microfinance Institutions: Lessons from correlation: Evidence from S&P Shariah Islamic Non-Profit Organisation (115) Indonesian Islamic Rural Banks (67) indexes (20)

Mahfud Sholihin (Univ. Gadjah Mada - Mohamad Isa Abd Jalil (Univ. Malaysia Indonesia), Akhmad Akbar Susamto (Univ. Sabah - Malaysia), Anwar Allah Pitchay Fatma Alahouel (Univ. Manar - Tunisia), Gadjah Mada - Indonesia), Annisa Fithria (Univ. Sains-Malaysia), Sofri Yahya (Univ. Nadia Loukil (Univ. Carthage - Tunisia) (Univ. Ahmad Dahlan - Indonesia) Sains-Malaysia) Requirement of a Comprehensive The Tunisian Government’s Sovereign ﻰ Islamic Benchmarking to Mitigate Risks " Sukuk: Opportunities and Challenges in Islamic Financial Institutions (IFIs) 92( )" (95) (21)

Hasan Al-Shatnawi (IIrbid National University - Abdurrahman Yazici (Ankara Social Sciences Leila Gharbi (Ihec Sfax - Tunisia) Jordan) University - Turkey)