Three famend professors have been chosen as winners of the
1443H (2022) Islamic Development Bank (IsDB) Prize for Impactful
Achievement in Islamic Economics for his or her important and
influential contributions within the subject of Islamic economics and
The winners, Prof. Habib Ahmed (first prize),
Prof. Mansur Masih (second prize), and
Prof. Tariqullah Khan (third prize), are
internationally acknowledged teachers who produced pioneering and
impactful scholarly works.
Prof. Habib Ahmed, the Sharjah Chair in Islamic Law and Finance
at Durham University, Durham, U.Okay., was chosen for the primary
prize in recognition of his pioneering and revolutionary work in
Islamic economics and finance that pushed ahead data and
influenced policymaking for the usage of Islamic finance in
Prof. Mansur Masih, a Senior Professor at Universiti Kuala
Lumpur Business School, Malaysia, gained the second prize for his
authentic and pioneering contributions to econometric functions
of Islamic finance.
Prof. Tariqullah Khan, a professor on the Faculty of Business
and Management Sciences, Istanbul Zaim University, Turkey, gained the
third prize in recognition of his work to combine Islamic
economics and finance with sustainable improvement and round
This 12 months’s prize cycle goals to acknowledge, reward and encourage
important data contributions in Islamic economics with the
potential to resolve main improvement challenges of IsDB member
international locations. The prize comes with a US$ 50,000 award for the primary
prize winner, US$ 30,000 for the second prize, and US$ 20,000 for
the third prize.
In his feedback on the event, IsDB President, H.E.
Dr. Muhammad Al Jasser, congratulated the three laureates
for his or her impactful data contributions and wished them success
of their varied endeavours.
The winners have been chosen by a committee of specialists from outdoors
the IsDB Group, whose work was coordinated by the Islamic
Development Bank Institute (IsDBI). The winners will obtain their
prize awards through the IsDB Group Annual Meetings, scheduled for 1
– 4 June 2022 in Sharm al-Sheikh, Egypt.
Acting Director-General of IsDBI, Dr. Sami
Al-Suwailem, additionally congratulated the winners and prolonged
his appreciation to H.E. Dr. Al Jasser for guiding the Institute
in the direction of profitable coordination of the prize.
Here are excerpts from the citations issued by the prize
Prof. Habib Ahmed’s data contributions
emphasize how the Islamic monetary sector can deal with financial
improvement, the requisite authorized and regulatory framework, and the
potential affect of such efforts in infrastructure improvement
which might additionally assist in growing the Islamic social finance
sector and engender monetary inclusion. He additionally contributed to
various areas in Islamic finance & economics, together with Shariah
governance, fiscal coverage, and Shariah screening requirements.
In addition to his quite a few mental contributions, his
pioneering work may be seen within the policy-oriented analysis
he performed for main multilateral and standard-setting
establishments. Notable amongst these contributions are his work on
Sustainable Development Goals and the Role of Islamic Finance,
Infrastructure Financing by means of Islamic Finance within the Islamic
Countries, and National and Global Islamic Financial Architecture:
Problems and Possible Solutions for OIC Member Countries.
Prof. Mansur Masih has set the development in
bringing out ground-breaking works, significantly within the space of
empirical Islamic economics and finance. His pioneering
contributions in superior econometric functions to Islamic
finance manifested in numerous publications in high-ranking
journals has a large outreach amongst economics and finance
researchers, particularly for individuals who extremely regard the empirical
strategy. Moreover, Prof. Masih has a measurable affect and
contribution to increased schooling and graduate research.
Prof. Tariqullah Khan was capable of carve a distinct segment
by means of his works to revitalize the unique worth proposition of
Islamic economics and finance. He efficiently built-in the
beliefs of Islamic economics and finance, Maqāsid al-Sharīʿah, and
the Sustainable Development Goals (SDGs). He additionally efficiently
launched round financial system inside Islamic economics and was in a position
to infuse these insights into a number of Ph.D. applications in varied
universities in IsDB Member Countries.