RESEARCH AND ACADEMIC
CENTERS FOR ISLAMIC
ECONOMICS AND FINANCE
Bambang PS Brodjonegoro
IRTI - IDB
ACADEMIC PROGRAMS
• There are not many academic programs fully
dedicated for Islamic Economics and Finance
• There are some universities offering the field from
bachelor to Ph.D level
• Many Islamic Economics and Finance programs and
courses are part of Economics and Finance
academic program.
• Geographically, they are concentrated in Southeast
and South Asia, Middle East, and later in UK
• Lectures are delivered in either English or Arabic
MIDDLE EAST
Mostly, the lectures are delivered in Arabic, except some
new programs in Gulf countries:
• Saudi Arabia : Imam Muhammad Bin Saud Islamic
University, Riyadh (bachelor degree), King Abdul Aziz
University, Jeddah (courses), King Fahd University,
Dammam (new program)
• Jordan : Yarmouk University, Irbid (bachelor degree),
University of Jordan (courses)
• Others : Al Azhar Univ (Egypt), Qatar Foundation
(Qatar, in English), University of Ajman (UAE, in
English), University of Bahrain, Sherif University
(Iran)
South and Southeast Asia
Relatively most developed academic program is coming from these
regions:
• Pakistan : International Islamic University Islamabad (IIUI), in
English, all level from bachelor to Ph.D
• Malaysia : International Islamic University Malaysia (IIUM), in
English, all level from bachelor to Ph.D
• Others in Malaysia : National University of Malaysia/UKM
(program), North Malaysia University/UUM (program),
International Center for Education in Islamic Finance (INCEIF),
Mara Technology University
• Others : University of Brunei Darussalam (Brunei), Islamic
University of Indonesia (Indonesia) , Islamic University of
Bangladesh (Bangladesh)
WESTERN WORLD
• UK : Durham University (master and Ph.D
program), Markfield Institute of Higher Education
(master and Ph.D program), Surrey University (one
course), University of Bangor (master program),
Nottingham University.
• France : Strassbourg University, Paris Dauphine
• North America : Mc Gill University Canada (one
course), University of Pennsylvania (one course),
Rice University Texas (one course)
• Australia : La Trobe University, Melbourne
(master program)
RESEARCH CENTER
• IRTI : The Islamic Research and Training
Institute, entity within the Islamic
Development Bank Group, Jeddah, Saudi
Arabia.
• INCEIF and ISRA, under Central Bank of
Malaysia
• King Abdul Azis University Center for
Islamic Economics, Jeddah, KSA
• International Institute of Islamic Economics
(IIIE), under IIUI, Pakistan
• Institute of Islamic Banking and Finance
(IIBF), under IIUM, Malaysia
CURRICULUM OVERVIEW
• The most ideal system is if the students already
have a solid foundation of Economics and/or
finance.
• There are some courses related to Shariah
(Islamic law) concerning economic activities in
Islam.
• Some Arabic understanding is very
important.
• It will cover the specialization/
focus on economics, finance,
accounting, and management.