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2nd International Savings Symposium

  • Dates: 30 – 31 Oct, 2020


Istanbul Sabahattin Zaim University, Turkey

 October 30-31, 2020



Saving is a fundamental economic concept with significant impact on economy, economic growth, and development. Throughout history, households, groups, communities, firms, and governments have practiced saving for better financial management, resulting in serious impacts on various decisions related to retirement, investment, employment, social and physical infrastructure etc.

Economics of Savings-Based Finance (SBF) is a cooperative model of financial free interest based on solidarity and joint fulfilment of common needs. Due to indebtedness, difficult access to formal financing, and a substantial rise in interest rates, SBF is practiced among a group of people, who based on mutual solidarity and collaboration agree to contribute a specific amount of money in order to meet their targeted financing needs. SBF continues to play a crucial role in various informal financial and community sectors, especially in African and Asian communities. Individuals tend to rely on alternative rotating savings and credit association whilst utilizing their domestic savings to improve their micro status.

There is a growing body of literature that recognizes the importance of savings-based finance (SBF) as an alternative interest-free financing model. SBF has become a global phenomenon for its institutional Rotating Credit and Savings Association (ROSCA) services all while increasing market shares in the retail credit market economy. The SBF model is appropriate for both retail and corporate finance. Through this model, SBF companies convert the fiscal power of participants to their financial power through organizing groups of participants based on their platforms and clearing transfers between positive and negative savings. Largely accepted as an alternative Islamic finance concept, SBF companies offer individualized saving plans for participants based on their personal saving capacities and disburse the total agreed amounts to them within specified periods as pre-agreed in the contract. Participants are simply guided by their savings plan throughout the period. In Turkey, there is a notable presence of savings-based finance with a significant growth in saving-based finance (SBF) companies which continue to play a role in the Turkish economy.

This Symposium and its subsequent series seek to create an awareness on financial sustainability and creative management of financial assets; in particular, to promote sustainable financing models in Turkey and abroad. We are pleased to announce that Istanbul Sabahattin Zaim University, we will virtually host the 2nd International Savings Symposium on World Savings Day (October 31st, 2020) with introductory sessions on the previous day both virtually and in person. The symposium will proudly host a number of esteemed guests, national and international executives as well as numerous distinguished scholars. Your participation in this symposium will be greatly honored.


Themes: Participants can participate on any of the following:

  • The Role of Savings in Economy
  • Savings from Macroeconomic Perspective
  • Savings and Sustainable Development Goals
  • The Role of Pensions for Individuals and governments
  • Demographic Characteristics and Savings
  • Savings with respect to Financial and Social Inclusion
  • Alternative Visions for Finance through SBF / ROSCA
  • Role of SBF / ROSCA in Retail Finance (Housing and Vehicle)
  • The Role of Financial Leasing in Social Finance
  • Role of SBF / ROSCA in Entrepreneurship and Development
  • SBF / ROSCA, Spirituality and Ethics
  • Islamic Social Finance
  • Shari'ah Perspective for SBF / ROSCA
  • The Role of Takaful for Sustainability of SBF / ROSCA
  • The Contracts Used in SBF / ROSCA
  • SBF / ROSCA from the Point of Consumers
  • Digital Innovation, Islamic Fintech through SBF / ROSCA
  • Finance Cooperatives and Homeland Funds in Modern Era and Historical Perspective
  • Risk Sharing and Management for SBF / ROSCA
  • Alternative Mortgage Practices through SBF / ROSCA
  • Global Perspectives on Regulations of SBF / ROSCA
  • Public Policies and the Solidarity Economy
  • Current SBF / ROSCA Experience in Turkey and the World
  • Challenges and Prospects for SBF / ROSCA


  • 2nd October 2020| Deadline for Extended Abstract Submission
  • 9th October 2020| Notification of Acceptance/Rejection
  • 25th October 2020| Deadline for Full Paper Submission


You can send your extended abstract and short biography to:



  • Res. Ass. Nurgül Sevinç| | +90 212 692 9593
  • Res. Ass. Safa Yıldıran| | +90 212 692 9835



  • Full papers may be written in Turkish/English.
  • Extended abstracts and short biographies must be written in English (If you plan to submit your full paper in Turkish, please write down the title in Turkish as well)
  • Extended abstracts and short biographies must be included in a single Microsoft Word file.
    • Extended Abstract
      • It must be between 1000-1500 words.
      • Please use 3-5 keywords.
      • The format of the text must be Times New Roman.
      • Types size must be 12.
      • English version of the abstract must be added as well.

(for those who submit in Turkish)

      • Please limit the use of acronyms, abbreviations, and references in the abstract.
    • Short Biography
      • Must be less than 150 words.
      • All short biographies of paper's co-authors should be included. Also with specified current affiliations, positions, and e-mails of each author of the paper.



Author of the accepted extended abstracts should observe following guidelines:

  • Manuscripts should be submitted in Microsoft Word format.
  • Please use APA 6 reference and citation format.
  • The format of the main text including tables, graphics, figures, maps must be Times New Roman
  • Types size must be 12 and line spacing of text is 1.15.
  • The title must be compatible with the content, which expresses it best and only the initials of the words should be written in capital letters, in 12 font size. Conjunctions (and, for, etc.) should be written completely lowercase.
  • Names of the authors, their institutions and email addresses must be written and centered below the title
  • The names of tables, graphics, figures, etc. should be numbered and written perpendicular to the left and bold, with a dot (.) at the end. The name of the table, the graphic and the figure should be written in small, with only the first letter of the first word capitalized (Example: Table 1. Citation table). The figures and graphics to be used in the study should be prepared in high resolution suitable for printing in black and white. The source should be written in italics, and centered below the table, graphic or figure. The size of the text to be used in the tables should be chosen as maximum 11 font size.



  • Prof. Dr. Mehmet Bulut, IZU
  • Prof. Dr. Servet Bayındır, Istanbul University
  • Prof. Dr. Monzer Kahf, IZU
  • Prof. Dr. Tariqullah Khan, IZU
  • Prof. Dr. Abdullah Kahraman, Marmara University
  • Prof. Dr. Azhar Saiful Rosly, INCEIF
  • Prof. Dr. Hacı Mehmet Günay, Sakarya University
  • Prof. Dr. Hamdi Döndüren, Karatay University
  • Prof. Dr. Hassanuddeen Abdulaziz, IIUM
  • Prof. Dr. Mehmet Saraç, Istanbul University
  • Prof. Dr. Zahid Parvez, Markfield Institute
  • Assoc. Prof. Dr. Abdullah Durmuş, Istanbul University
  • Assoc. Prof. Dr. Abdurahman Yazıcı, Social Sciences University of Ankara
  • Assoc. Prof. Dr. Umar Oseni, IZU
  • Assoc. Prof. Dr. Necmettin Kızılkaya, Istanbul University
  • Assoc. Prof. Dr. Süleyman Kaya, Istanbul University


  • Prof. Dr. Mehmet Bulut, IZU
  • Prof. Dr. İbrahim Güran Yumuşak, IZU
  • Prof. Dr. Metin Toprak, IZU
  • Assoc. Prof. Dr. Yusuf Dinç, IZU
  • Assoc. Prof. Dr. Benaouda Bensaid, IZU
  • Dr. Mustafa Çakır, IZU
  • Dr. Cem Korkut, Ankara Yıldırım Beyazıt University
  • Res. Asst. Nurgül Sevinç, IZU
  • Res. Asst. Safa Yıldıran, IZU

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