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Three Professors Win 2022 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics

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 Three renowned professors have been selected as winners of the Islamic Development Bank IsDB Award 1443H 2022 www IsDB org for Impressive Achievements in Islamic Economics for their significant and influential contributions in the field of economics and Islamic finance The winners Prof Habib Ahmed First Prize Prof Mansur Masih Second Prize and Prof Tariqullah Khan Third hellip
Three Professors Win 2022 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics

NNN: Three renowned professors have been selected as winners of the Islamic Development Bank (IsDB) Award 1443H (2022) (www.IsDB.org) for Impressive Achievements in Islamic Economics for their significant and influential contributions in the field of economics and Islamic finance.

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The winners, Prof. Habib Ahmed (First Prize), Prof. Mansur Masih (Second Prize), and Prof. Tariqullah Khan (Third Prize), are internationally recognized scholars who have produced groundbreaking and impactful scholarly works.

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Prof. Habib Ahmed, Sharjah Chair in Islamic Law and Finance at Durham University, Durham, UK, was selected for the first prize in recognition of his pioneering and innovative work in Islamic economics and finance that advanced knowledge and influenced the formulation of policies for the use of Islamic finance in socio-economic development.

Prof. Mansur Masih, Senior Lecturer, Business School, Universiti Kuala Lumpur, Malaysia, won the second prize for his original and pioneering contributions to the econometric applications of Islamic finance.

Prof. Tariqullah Khan, Professor at the Faculty of Business and Management Sciences, Istanbul Zaim University, Turkey, won the third prize in recognition of his work to integrate Islamic economy and finance with sustainable development and the circular economy.

This year’s awards cycle aims to recognise, reward and encourage significant contributions of knowledge in Islamic economics with the potential to solve major development challenges of IsDB member countries. The prize comes with an endowment of US$50,000 for the first prize winner, US$30,000 for the second prize and US$20,000 for the third prize.

In his remarks on the occasion, IsDB President HE Dr. Muhammad Al Jasser congratulated the three laureates for their impressive contributions of knowledge and wished them success in their various endeavours.

The winners were selected by a committee of experts from outside the IsDB Group, whose work was coordinated by the Islamic Development Bank Institute (IsDBI). The winners will receive their prizes during the IsDB Group Annual Meetings, scheduled for June 1-4, 2022 in Sharm al-Sheikh, Egypt.

IsDBI Acting Director General Dr. Sami Al-Suwailem also congratulated the winners and thanked HE Dr. Al Jasser for guiding the Institute towards the successful coordination of the award.

Here are excerpts from the citations issued by the award selection committee:

Prof. Habib Ahmed’s insight contributions emphasize how the Islamic financial sector can focus on economic development, the legal and regulatory framework required, and the potential impact of such efforts on infrastructure development that could also help develop the financial sector. Islamic social and generate financial inclusion. . He also contributed to various areas of Islamic finance and economics, including Sharia governance, fiscal policy, and Sharia assessment standards.

In addition to his many intellectual contributions, his pioneering work can also be seen in the policy-oriented research he conducted for leading multilateral and policy institutions. Notable among these contributions are his work on the Sustainable Development Goals and the role of Islamic finance, Financing infrastructure through Islamic finance in Islamic countries, and National and global Islamic financial architecture: problems and possible solutions for member countries. of the OCI.

Prof. Mansur Masih has set the trend by presenting innovative work, particularly in the area of ​​empirical Islamic economics and finance. His pioneering contributions to advanced econometric applications to Islamic finance, manifested in a series of publications in high-ranking journals, have a wide reach among economics and finance researchers, especially those who highly value the empirical approach. In addition, Professor Masih has a measurable impact and contribution to higher education and postgraduate studies.

Prof. Tariqullah Khan was able to carve out a niche through his works to reinvigorate the original value proposition of Islamic economics and finance. He successfully integrated the ideals of Islamic economics and finance, Maqāsid al-Sharīʿah, and the Sustainable Development Goals (SDGs). He also successfully introduced the circular economy within the Islamic economy and was able to infuse this knowledge into several PhDs. he programs at various universities in IsDB member countries.

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