KFUPM Islamic Banking and Finance Research Conference

Saudi Arabia, 19-20 November, 2017

Conference Program

Day 1 – Sunday November 19th  2017




8:00 – 8:30 am

Conference Registration

8:30-9:00 am

Opening Session

Opening Ceremony: H.E. Dr. Khalid Alsultan, Rector of KFUPM

Inaugurating speech: H.E. Mohammed Al-Jadaan, Ministry of Finance, Saudi Arabia


1st  Paper Session

1 - Deposit Volatility, Liquidity and Long-Term Investment: Evidence from a Natural Experiment in Pakistan

M. Ali Choudhary,  State Bank of Pakistan, Pakistan

Nicola Limodio,,   Bocconi University, Italy

Discussant:  Thorsten Beck,  Cass Business School, UK

2 - Liquidity Creation and Financial Stability Implications of Islamic Banking: Evidence from a Multinational Study

Allen Berger, University of South Carolina, USA

Narjess Boubakri, American University of Sharjah, UAE

Omrane Guedhami, University of South Carolina, USA

Xinming Li,  University of South Carolina, USA

Disscussant:  William L. Megginson, Oklahoma University, USA

3 - Corporate Earnings Uncertainty in Islamic Banking System: An analysis and evidence

Md Hamid Uddin, Taylor's University, Malaysia

Sarkar Kabir, Coventry University, UK

Sabur Mollah,  Hull University, UK

Discussant: Lu Li, KFUPM, Saudi Arabia


Coffee Break


Keynote Speech

Dr. Mark J. Flannery

The Bank of America Eminent Scholar Chair at Warrington School of Business, University of Florida, USA

12:00-1:30 pm

Prayer and Lunch Break


2nd  Paper Session

4 - Intensity of Volatility Linkages in Islamic and Conventional Markets

Shumi Akhtar,  The University of Sydney, Australia

Farida Akhtar,  Curtin University,  Australia

Maria Jahromi,  The University of Sydney, Australia

Kose John,  New York University, USA

Discussant:  Fazlul Hoque Miah, KFUPM, Saudi Arabia

5 - Contagion Effect from US banking to Conventional and Islamic Banking in Dual-banking System during Financial Crisis

Li Di, Monash Business School, Malaysia

Mohammed Sharaf Shaiban, Monash Business School, Malaysia

Akram Shavkatovich Hasanov,  Monash Business School, Malaysia

Discussant:  M. Kabir Hassan,  University of New Orleans, USA

6 - The Effect of Implicit Market Barriers on Stock Trading and Liquidity

Asem Alhomaidi,,  University of New Orleans, USA

M. Kabir Hassan, ,  University of New Orleans, USA

William J. Hippler,  University of New Orleans, USA

Discussant:  Mohamad Alzahrani, KFUPM, Saudi Arabia


Prayer and Coffee Break


CEOs Panel


        ·Abdulaziz Al-Onaizan, CEO, Bank AlBilad

        ·Abdulmohsen  Al- Fares, CEO, Alinma Bank

        ·Hasan Al-Jabri, CEO, Sedco Capital

        ·Khalid Al-Abodi, CEO, Islamic Corporation for the Development of the Private Sector 

Moderator: Mohamad Alzahrani, KFUPM, Saudi Arabia


Policy Making session

Interview with Mr. Fahad Al-Saif,  Head of the Debt Management Office, Ministry of Finance.

Interviewed by  Dr. Mohamad Alzahrani, Dean of College of Industrial Management at KFUPM, Saudi Arabia


Gala Dinner

By Invitation, Location: Le Méridien Al Khobar

Day 2 – Monday November 20th 2017




8:30 – 9:00 am

Conference Registration


3rd  Paper Session

7 - Investor Tastes: Implications for Pricing in the Public Debt Market

Emily Shafron,  University of Georgia, USA

Discussant:  Sami Al-Suwailem, Islamic Development Bank, Saudi Arabia

8 - Religion, Deposit Insurance, and Deposit Market Outcomes: Evidence from Islamic Banks

Zeki Kocaata, University of Bonn, Germany

Discussant: Martin Kanz, World Bank, USA

9 - Vine Copulas and Dependence Risk Exposure: Evidence from Islamic and Conventional Banks

Jose Arreola Hernandez, ESC Rennes School of Business, France

Shawkat Hammoudeh, Drexel University, United States

Walid Mensi, El Manar University, Tunis and Sultan Qaboos University, Oman

Khamis Hamed Al-Yahyaee, Sultan Qaboos University, Muscat, Oman

Muhammad Shahbaz, Montpellier Business School, France

Discussant : Qi Dong, KFUPM, Saudi Arabia


Coffee Break


4th  Paper Session

10 - The role of corporate governance on Sariah non-compliant risk: Evidence from Southeast Asia

Rohaida Basiruddin,  Universiti Teknologi Malaysia,  Malaysia

Habib Ahmed,  Durham University,  United Kingdom

Discussant:  Pradeep Yadav, Oklahoma University, USA

11 - Strong Board and Risk-taking in Islamic Banks

Sabur Mollah, Hull University, UK

Michael Skully, Monash University, Australia

Eva Liljeblom, Hanken School of Economics and Lund University, Finland

Discussant :  Naji Alshammasi, KFUPM, Saudi Arabia

12 - Certification Effects in Islamic Asset-Based Financing

Zairihan Abdul Halim,  Queensland University of Technology Brisbane, Australia

Janice How,  Queensland University of Technology Brisbane, Australia

Peter Verhoeven,  Queensland University of Technology Brisbane, Australia

Discussant :  Khalid Nainar,  KFUPM, Saudi Arabia  

12:15-1:45 pm

Prayer and Lunch Break


5th  Paper Session

13 - Reconstructing the Murabaha Facility within a Truly Islamic Financial Architecture

Wahyu Jatmiko,  University of Indonesia, Indonesia

Dalal Aassouli,  Durham University, UK

Muhammed Shahid Ebrahim,  Durham University, UK

Rafal Wojakowski, University of Surrey, UK

Discussant:  Andreas Jobst, World Bank, USA

14 - Exploring the linkage between legal system, culture and financial market development

Bayan Arqawi, Birzeit University, Palestine

Li-Anne Woo,  Bond University, Australia

Laurie Prather,  Bond University, Australia

Discussant:  Adnan Bakatheer, KFUPM, Saudi Arabia

2:30:-3:00 pm

Prayer and Coffee Break

3:00:3:45 pm

Closing session


        · M. Kabir Hassan, University of New Orleans, USA

        ·Martin Kanz, World Bank, USA

        ·Pradeep Yadav, Oklahoma University, USA

        ·Sami Al-Suwailem, Islamic Development Bank, Saudi Arabia

        ·Stuart Gillan,  Co-Editor, Journal of Corporate Finance, University of Georgia, USA

        ·Thorsten Beck,  Cass Business School, UK

Moderator: William Megginson, KFUM, Saudi Arabia