The objective is to support and promote scientific research in the many fields of Islamic economics via linking current economic problems, which face Muslim communities, and islamically-bound solutions that emanate from the Islamic principles of faith.
The Vision :
Among the essential pillars of an Islamic community growth is the development of Islamic and economic thought. Economic crises and problems are no longer peculiar to developed economies. The philosophy and theoretical framework of any economic system are essential components driving initiatives in the form of: articles, programs and regimes to deal with economic problems and crises.
Islamic religion (Quran and Sunnah) and the economic and thinking heritage of Islamic scholars and researchers represent essential foundation for further research on many aspects; be it of philosophical, theoretical and/or applicable nature.
The Award counsel of the award represented by the presidency, Prince Umr Bin Mohammed Al-Faisal and 4 members.
Among them are:
The theoretical framework (values and philosophy) which the Economic Islamic theory in the fields of:
Zaka’at; its legitimacy, purpose and the aspects of its spending (in comparison with tools of income taxes and wealth in non-Muslims' community), and methods of improving it to achieve excellent usefulness in the community.
Making comparison between the living standards of some samples of economically developed countries and less-developed economies in order to discover the correlation (if any) between forgoing linking the main currency to gold and the inflation average on the level of each group.
Winners & their Subjects which won the prize