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ICON-BAFIBenghazi 2026

The 1st International Scientific Conference

International Conference on Non‑Banking Financial Instruments

المؤتمر الدولي للأدوات المالية غير المصرفية

Theme

Islamic Sukuk: Innovation and Investment for Community Development

Motto: “Towards finance that achieves development and upholds Islamic values”

  • Benghazi, Libya
Conference logo: Islamic sukuk and development

until the opening

19 December 2026

Days
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Hours
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Minutes
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Seconds
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Scientific tracks
5
Research topics
23
Conference days
2
Peer-reviewed journal publication
DOLJ

Patronage & organisation

  • Official patronage

    Capital Market Authority

  • Official patronage

    Libyan Stock Market

  • Academic patronage

    Libyan Authority for Scientific Research

  • Organiser

    Amwaal Company

Introduction

The world is witnessing a major shift towards the real Islamic economy, after the conventional economy suffered repeated crises and collapses. Throughout history, this real economy has embodied the validity of the tolerant Islamic Sharia for every age.

Here lies the role of its devoted sons: to bring this to light and to proclaim the soundness of this faith and its capacity to embrace all economic developments and their emerging realities.

Accordingly, the Islamic finance industry — in its organised form — has had a growing presence for more than fifty years. Given the prominent role of Islamic sukuk in developing Islamic financing instruments, and in fulfilment of this role, the idea of the First International Scientific Conference on Non-Banking Financial Instruments was born.

Objectives

The conference aims to advance community development and to develop an important instrument of Islamic finance — Islamic sukuk. It seeks to highlight their role in supporting the local economy at both the government and private-sector levels, and their anticipated role in rebuilding the country and completing stalled and faltering projects.

01Track 1Sharia, Legal and Regulatory Frameworks for Islamic Sukuk
  • Jurisprudential foundations and Sharia guidelines for issuing and trading Islamic sukuk.
  • Legislation governing Islamic sukuk and special purpose companies, locally and internationally.
  • The role of the standards of the Accounting and Auditing Organization for Islamic Financial Institutions and the Islamic Financial Services Board in regulating the sukuk market.
  • Sharia governance and risk management in Islamic sukuk issuances.
02Track 2Islamic Sukuk and Their Role in Financing and Development
  • Islamic sukuk and their role in achieving the Sustainable Development Goals (SDGs).
  • Green sukuk, sustainability sukuk and the financing of renewable energy projects.
  • Islamic sukuk and their role in financing the economic sectors (agricultural and industrial projects…) and service sectors (education and health…).
  • Islamic sukuk and their role in financing the oil, gas and mining sector.
  • Islamic sukuk and their contribution to financing small and medium enterprises and entrepreneurship.
03Track 3Financial Innovation and Digital Technology in the Islamic Sukuk Industry
  • Financial technology (FinTech): its impact and influence on the development of the Islamic sukuk market.
  • Artificial intelligence and its applications in structuring and managing Islamic sukuk.
  • Blockchain technology, smart contracts and digital sukuk issuances.
  • Waqf sukuk and the possibility of issuing them in Libya.
  • The role of Islamic sukuk as liquidity instruments in the money market.
04Track 4Accounting, Auditing, Governance and Disclosure
  • Accounting treatment of Islamic sukuk under AAOIFI and international standards.
  • Disclosure, transparency and financial reporting of sukuk issuances, and their effect on attracting investors.
  • Internal and external audit and Sharia supervision of the financial transactions of Islamic sukuk.
  • The impact of zakat, taxes and credit rating on the performance of Islamic sukuk.
05Track 5International Experiences and Prospects for Applying Sukuk in Libya
  • Legislative, regulatory and institutional requirements for activating the sukuk market in Libya.
  • The state of the sukuk industry in Libya and opportunities for issuing sukuk to finance reconstruction and development projects.
  • International experiences in issuing capital-support sukuk (Tier 1 and Tier 2) in Libya.
  • International experiences in issuing sovereign sukuk and their role in supporting operating budgets and transformation.
  • The role of sukuk in attracting domestic and foreign investment — experiences of leading countries in the field.

Important dates

  1. Saturday

    Deadline for receiving abstracts

  2. Saturday

    Deadline for receiving papers

  3. Tuesday

    Deadline for final acceptance of papers

  4. Thursday

    Announcement of the detailed conference programme

  5. Saturday – Sunday

    Conference dates

Target audience

  • Business people, investors, entrepreneurs and owners of small and medium enterprises, and local and international institutions interested in finance, investment and sustainable development.

  • Researchers, academics, faculty members and postgraduate students at universities and research centres.

  • Decision-makers, policymakers and staff of government bodies and of legislative, regulatory and supervisory authorities.

  • Professionals in the financial and investment sector, including banks, investment and brokerage firms, and capital markets.

  • Accountants, statutory auditors, consultants and specialists in accounting, auditing, governance and risk management.

  • FinTech companies and those interested in financial innovation, artificial intelligence and blockchain applications, Islamic sukuk issues and capital markets.

Outcomes

  1. Publication of accepted papers in a peer-reviewed scientific journal listed in the Directory of Libyan Journals (DOLJ) of the Ministry of Higher Education and Scientific Research.

  2. Issuance of actionable scientific recommendations, submitted to the competent authorities, contributing to the development of legislation, policies and practices related to Islamic sukuk.

  3. Opening the way for scientific initiatives between academic institutions and specialists to advance scientific research in Islamic financial studies.

Sponsorship packages

  • Diamond Sponsor

    LYD50,000

    Number allowed: 1 sponsor

  • Gold Sponsor

    LYD40,000

    Number allowed: 2 sponsors

  • Silver Sponsor

    LYD30,000

    Number allowed: 4 sponsors

  • Bronze Sponsor

    LYD15,000

    Number allowed: 8 sponsors

  • Lunch sponsorship package

    LYD18,000
  • Hospitality break sponsorship package

    LYD12,000
  • Promotional sponsorship package

    LYD25,000

Contact

Scientific Committee email
papers@amwaal.ly
Phone · WhatsApp · Telegram
+218 94 250 2401
  • Benghazi, Libya