Editorial Policies

Focus and Scope

International Journal of Islamic Economics and Finance (IJIEF) is a peer-reviewed scientific journal devoted to research in the fields of Islamic economics and finance. Islamic economics and finance are critical global issues due to their importance and benefits to societies. As a result, this issue requires further exploration through research. We hope that IJIEF can bring together all researchers and academicians to contribute their ideas as a means of advancing Islamic economics and finance in the world. IJIEF research publications cover a wide range of subjects.

  1. Islamic Banking and Finance (including Islamic Capital Market, non-Bank Financial Institution, and Sukuk) 
  2. Islamic Macroeconomics and Monetary Economics;
  3. Islamic Social Finance (including zakat, infaq, shadaqah, and waqf);
  4. Islamic Microfinance
  5. Islamic Fin-tech
  6. Islamic Economic Thoughts
  7. Islamic Political Economics
  8. Integrated Islamic Commercial and Social Finance
  9. Islamic Macro-Prudential
  10. Islamic Public Finance


Section Policies


Checked Open Submissions Checked Indexed Checked Peer Reviewed

Peer Review Process

IJIEF is committed to producing and publishing the highest-quality articles from researchers and academicians in the fields of Islamic economics and finance. Therefore, prior to publication, we will review all articles submitted through a double-blind review process conducted by editors and reviewers, focusing on the articles' objectives, scopes, and benefits to Islamic economics and finance. The review process, which protects and improves the article's quality, is critical and must be free of bias and conflict of interest. As a result, it is critical that this process is supervised by an established editor team and peer reviewers who are experts in the field of research being reviewed. We describe the review process and policy for the International Journal of Islamic Economics and Finance in this section (IJIEF).

The peer-review process's policy

  1. The article was never published in a conference proceeding, followed by publication in other scientific journals.
  2. The article has been accepted for publication in the international journal Islamic Economics and Finance (IJIEF), must be appropriate for the purpose and scope specified; if not, the author will be recommended to submit the article to another journal.
  3. International Journal of Islamic Economics and Finance (IJIEF) accepts manuscripts only in Word document format, not in PDF.
  4. There is no conflict of interest between the author, editor, and reviewer, and there is no competition between the author and the reviewer, let alone financial competition.
  5. The article collection process begins with a Call for Papers published in each issue of the international journal of Islamic Economics and Finance (IJIEF).
  6. The double-blind review will maintain the confidentiality of information about the author and reviewer throughout the review process; this is to ensure that the author of the article is not committing plagiarism.
  7. Comments and input are acceptable as long as they are objective, constructive, and fair, and are not imposed by the author.


The Process of Review

  1. If the author has not yet registered, they can do so at this link.
  2. After the Editor-in-Chief accepts the manuscript, it will be checked to ensure that it fits the International Journal of Islamic Economics and Finance's mission and scope (IJIEF). The Editor-in-Chief appoints a Section Editor to conduct additional evaluations to ensure that the article complies with the International Journal of Islamic Economics and Finance's style guide and template (IJIEF). If a discrepancy is discovered during this process, the In-Chief Editor or the Section Editor has the authority to reject the manuscript.
  3. The appropriate manuscript will be continued to solicit input from the reviewer.
  4. According to the reviewing article, a reviewer is someone who possesses expertise. The reviewing period is 10-14 days, but this cannot be extended if the reviewer requests additional time for review. After completing the review, he can send it to the editor for additional scrutiny.
  5. A reviewer may make one of the following recommendations: Accepted without revisions, Accepted with minor revisions, Accepted with moderate revisions, Accepted with major revisions, or Rejected. Additionally, a Reviewer may make the following recommendations via the International Journal of Islamic Economics and Finance's (IJIEF) website system:
    • Accept submission: a reviewer selects this option if the manuscript under review is acceptable as-is.
    • Revisions required: a reviewer selects this option if the manuscript is accepted after the author makes necessary corrections.
    • Resubmit for review: a reviewer may choose this option if the manuscript is in need of significant revisions. Thus, it is necessary to conduct a second review after the author has made the necessary changes.
    • Resubmit elsewhere: a reviewer may choose this option if the manuscript under review does not fit the journal's scope, vision, or mission.
    • The manuscript was rejected for publication in this journal and will be suggested for publication in another. Reviewers may choose to decline submission if the manuscript they are reviewing is rejected.
    • See comments: a reviewer selects this option for the manuscript under review if he or she is unable to make a decision on the manuscript under review and submits it to the editor or editorial board in another country to view and read the reviewer's comments.
  6. If the reviewer does not possess the same expertise as the manuscript being reviewed, the reviewer may reject the manuscript and refer it to another reviewer who possesses the same capacity and capability and possesses the necessary expertise.
  7. The section editor or editor-in-chief will review and complete the comments and feedback before compiling them into a rejoiner review form and sending them to the author. The section editor or editor-in-chief may make a provisional decision during this step. Accept an entry, Revision is necessary. Submit for review again or Reject submission. The Section Editor acknowledges a reviewer for their time spent on the review of a manuscript.
  8. The author then revises the accepted manuscript for two weeks or more, depending on the type of revision.
  9. The editor and reviewer directed the author to return a complete revision to the editor for suitability review.
  10. The editor in chief or section editor will review the manuscript and make the final decision on whether to accept or decline it. However, this does not preclude the author from requiring a second or additional revision.
  11. Accepted manuscripts that do not require additional revisions will undergo copyediting and layout to ensure their appearance is consistent with that of the International Journal of Islamic Economics and Finance. If it detects a problem with the writer's language, it will assist in the proofreading process.
  12. The manuscript has already been accepted for publication in the International Journal of Islamic Economics and Finance (IJIEF) and will be published in January or July with a DOI. Additionally, the paper may be published in a special issue if the same topic is identified in a call for papers.


Open Access Policy

This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.

This journal is open access journal which means that all content is freely available without charge to users or / institution. Users are allowed to read, download, copy, distribute, print, search, or link to full text articles in this journal without asking prior permission from the publisher or author. This is in accordance with Budapest Open Access Initiative

Hasil gambar untuk Budapest Open Access Initiative  

Budapest Open Access Initiative

An old tradition and a new technology have converged to make possible an unprecedented public good. The old tradition is the willingness of scientists and scholars to publish the fruits of their research in scholarly journals without payment, for the sake of inquiry and knowledge. The new technology is the internet. The public good they make possible is the world-wide electronic distribution of the peer-reviewed journal literature and completely free and unrestricted access to it by all scientists, scholars, teachers, students, and other curious minds. Removing access barriers to this literature will accelerate research, enrich education, share the learning of the rich with the poor and the poor with the rich, make this literature as useful as it can be, and lay the foundation for uniting humanity in a common intellectual conversation and quest for knowledge.

For various reasons, this kind of free and unrestricted online availability, which we will call open access, has so far been limited to small portions of the journal literature. But even in these limited collections, many different initiatives have shown that open access is economically feasible, that it gives readers extraordinary power to find and make use of relevant literature, and that it gives authors and their works vast and measurable new visibilityreadership, and impact. To secure these benefits for all, we call on all interested institutions and individuals to help open up access to the rest of this literature and remove the barriers, especially the price barriers, that stand in the way. The more who join the effort to advance this cause, the sooner we will all enjoy the benefits of open access.

The literature that should be freely accessible online is that which scholars give to the world without expectation of payment. Primarily, this category encompasses their peer-reviewed journal articles, but it also includes any unreviewed preprints that they might wish to put online for comment or to alert colleagues to important research findings. There are many degrees and kinds of wider and easier access to this literature. By "open access" to this literature, we mean its free availability on the public internet, permitting any users to read, download, copy, distribute, print, search, or link to the full texts of these articles, crawl them for indexing, pass them as data to software, or use them for any other lawful purpose, without financial, legal, or technical barriers other than those inseparable from gaining access to the internet itself. The only constraint on reproduction and distribution, and the only role for copyright in this domain, should be to give authors control over the integrity of their work and the right to be properly acknowledged and cited.

While  the peer-reviewed journal literature should be accessible online without cost to readers, it is not costless to produce. However, experiments show that the overall costs of providing open access to this literature are far lower than the costs of traditional forms of dissemination. With such an opportunity to save money and expand the scope of dissemination at the same time, there is today a strong incentive for professional associations, universities, libraries, foundations, and others to embrace open access as a means of advancing their missions. Achieving open access will require new cost recovery models and financing mechanisms, but the significantly lower overall cost of dissemination is a reason to be confident that the goal is attainable and not merely preferable or utopian.

To achieve open access to scholarly journal literature, we recommend two complementary strategies. 

I.  Self-Archiving: First, scholars need the tools and assistance to deposit their refereed journal articles in open electronic archives, a practice commonly called, self-archiving. When these archives conform to standards created by the Open Archives Initiative, then search engines and other tools can treat the separate archives as one. Users then need not know which archives exist or where they are located in order to find and make use of their contents.

II. Open-access Journals: Second, scholars need the means to launch a new generation of journals committed to open access, and to help existing journals that elect to make the transition to open access. Because journal articles should be disseminated as widely as possible, these new journals will no longer invoke copyright to restrict access to and use of the material they publish. Instead they will use copyright and other tools to ensure permanent open access to all the articles they publish. Because price is a barrier to access, these new journals will not charge subscription or access fees, and will turn to other methods for covering their expenses. There are many alternative sources of funds for this purpose, including the foundations and governments that fund research, the universities and laboratories that employ researchers, endowments set up by discipline or institution, friends of the cause of open access, profits from the sale of add-ons to the basic texts, funds freed up by the demise or cancellation of journals charging traditional subscription or access fees, or even contributions from the researchers themselves. There is no need to favor one of these solutions over the others for all disciplines or nations, and no need to stop looking for other, creative alternatives.

Open access to peer-reviewed journal literature is the goal. Self-archiving (I.) and a new generation of open-access journals (II.) are the ways to attain this goal. They are not only direct and effective means to this end, they are within the reach of scholars themselves, immediately, and need not wait on changes brought about by markets or legislation. While we endorse the two strategies just outlined, we also encourage experimentation with further ways to make the transition from the present methods of dissemination to open access. Flexibility, experimentation, and adaptation to local circumstances are the best ways to assure that progress in diverse settings will be rapid, secure, and long-lived.

The Open Society Institute, the foundation network founded by philanthropist George Soros, is committed to providing initial help and funding to realize this goal. It will use its resources and influence to extend and promote institutional self-archiving, to launch new open-access journals, and to help an open-access journal system become economically self-sustaining. While the Open Society Institute's commitment and resources are substantial, this initiative is very much in need of other organizations to lend their effort and resources.

We invite governments, universities, libraries, journal editors, publishers, foundations, learned societies, professional associations, and individual scholars who share our vision to join us in the task of removing the barriers to open access and building a future in which research and education in every part of the world are that much more free to flourish.

February 14, 2002
Budapest, Hungary

Leslie Chan: Bioline International
Darius Cuplinskas
: Director, Information Program, Open Society Institute
Michael Eisen
: Public Library of Science
Fred Friend
: Director Scholarly Communication, University College London
Yana Genova
: Next Page Foundation
Jean-Claude Guédon: University of Montreal
Melissa Hagemann
: Program Officer, Information Program, Open Society Institute
Stevan Harnad: Professor of Cognitive Science, University of Southampton, Universite du Quebec a Montreal
Rick Johnson
: Director, Scholarly Publishing and Academic Resources Coalition (SPARC)
Rima Kupryte: Open Society Institute
Manfredi La Manna
: Electronic Society for Social Scientists 
István Rév: Open Society Institute, Open Society Archives
Monika Segbert: eIFL Project consultant 
Sidnei de Souza
: Informatics Director at CRIA, Bioline International
Peter Suber
: Professor of Philosophy, Earlham College & The Free Online Scholarship Newsletter
Jan Velterop
: Publisher, BioMed Central



This journal utilizes the LOCKSS system to create a distributed archiving system among participating libraries and permits those libraries to create permanent archives of the journal for purposes of preservation and restoration. More...


Publication Frequency

International Journal of  Islamic Economics and Finance (IJIEF) is bianually published the journal articles in July and January. IJIEF only publish electronic (PDF) version.


Author Fees

International Journal of  Islamic Economics and Finance (IJIEF) is opened for all of researchers and academicians to submit their research. There is no cost (free) for article submissions, processing articles and article publications.



Token of Appreciation

A token of appreciation will be given for best-selected papers that have successfully published in the current issue or special issue of International Journal of  Islamic Economics and Finance (IJIEF).


Source of Management Fund

The management of IJIEF is fully supported by Universitas Muhammadiyah Yogyakarta as publisher also International Program for Islamic Economics and Finance (IPIEF) as publisher, and Economic Studies Program, Universitas Muhammadiyah Yogyakarta as supported agencies.


Plagiarism Policy

To preserve from the scientific misconduct (plagiarism), all of manuscripts which are submitted in IJIEF will be scanned by turnitin.