The Islamic Development Bank Group is pleased to invite individuals, universities, academic, financial and Islamic institutions throughout the world to nominate whoever they deem eligible to be awarded the IDB Prize for the year 1438H (2017G) in the field of Islamic Economics. The Prize which aims to recognize, reward and encourage creative efforts of outstanding merit in the field of Islamic economics, consists of a citation carrying the IDB’s emblem and a cash award of 30,000 Islamic Dinars (approximately US$ 45,000).

About the IDB Prize???

Every year IRTI coordinates the award of IDB Prize in Islamic Economics / Islamic Banking & Finance. This international award, which alternates between the fields of Islamic economics and Islamic banking and finance was instituted in 1408H (1988) with the objective of recognizing, rewarding and encouraging creative efforts of outstanding merit in the fields of Islamic economics, banking and finance. Since then, 32 personalities and institutions have been awarded this Prize. The Prize includes a citation acknowledging the contribution of the Prize Winner and a cash award of Islamic Dinars 30,000 (approximately US$ 45,000).

Dr. Ahmed Mohammed Ali - President, IDB Group: "The Islamic Development Bank Prize in Islamic Economics & Islamic Banking and Finance is an undertaking that reflects brightly on the Islamic Development Bank's continued efforts and constructive work to serve the knowledge of Islamic Economics and Finance. The Prize is addressed to creative and pioneering scholars and practioners, giving recognition to their outstanding contributions in promoting the theoretical and practical aspects of economics, banking and finance under the umbrella of Islamic Shari'ah. Honoring these eminent scholars and practioners, is an inspiration for all specialists to give their utmost in developing ever-better research methods and capabilities."