The teaching of Islamic economics has made in-roads to many institutes of higher learning around
the globe, from Indonesia to England.  This coincides with the development of the discipline and
the practice of Islamic economics, banking and finance over the last three decades. The
establishment of the OIC and IDB has also provided important avenues for the practical
implementation of programs aimed at increasing economic and financial cooperation among
member countries. While we can be proud of, and continue to develop Islamic Banking and
Finance, we must also admit that there is also growing skepticism that IBF cannot sustain itself
without theoretical foundations and that OIC countries will not adopt Islamic economics unless
viable connections be made to link policy to valid Islamic economic theory, and this journey of
linking theory and policy is only just starting. More serious work is needed to enhance the
theoretical and applied studies in Islamic economics, banking and economic cooperation among
Muslim countries. Realizing the importance of continuous assessment on the progress of the
discipline and the extent of its development and applications, ICIE2013 is organized. Taking the
state of the art and the direction of the field into account, we propose that this conference would
focus on the development of the discipline and its application in the economies of OIC countries.

The theme of the conference is 'Islamic Economic Solutions for OIC Countries: Theory and
Policy'. As the world struggles to recover from increasingly frequent financial and economic crises,
OIC countries have the opportunity to embrace Islamic economics as an indigenous approach to
guide their economic policy responses. However, for this to meaningfully happen, both the Islamic
theoretical foundations and their connections to policy making and implementation must be given
greater attention and be integrated. ICIE2013 provides a platform to bring together both
academics and policy makers to discuss how greater effort can be made in this direction.

It is hoped that the papers presented in this conference will serve not only to evaluate our past
performance, but to also chart out possible directions to follow in the future, at both the theoretical
and policy levels. In addition, this conference will serve as a forum for academicians, policy makers
and implementers, practitioners, professionals, students and other interested parties to argue,
criticize, and discuss the various topics to be covered.

Focus will be on the following three major areas:

1. Islamic Economics

a. Islamic economic system and Islamic economy
b. Theoretical and policy studies dealing with the development of Islamic economics and
c. Comparative studies on the foundations and structure of existing economies as compared to
the Islamic model
d. Literature surveys for use as teaching material at the university level

2. Policy issues confronting the OIC countries and how Islamic economics can be utilized to
provide real-world solutions to these challenges

a. Poverty and income distribution
b. Entrepreneurship development and financial services for micro and medium-sized enterprises
c. Role of Muslim women in the economy
d. Existing legal, tax and regulatory framework from the Islamic economic and finance
e. Use of zakah- and awqaf-based social safety-nets in Muslim countries
f. Economic indebtedness of the OIC countries
g. Role of Islamic Development Bank in economic development of the OIC countries

3. Islamic finance

a. Emerging issues in the area of Islamic banking and finance
b. Role of monetary policy
c. Stability of the Islamic financial system
d. Islamic response to regional/global economic and financial crises

Garden of Knowledge and Virtue
Correspondence Address
Secretariat ICIE 2103
Department of Economics, KENMS
International Islamic University Malaysia
P.O. Box 10, 50728, Kuala Lumpur, Malaysia

Contact Us
Telephone:   +603-6196 4649/4735
Fax:                +603-6196-4850

ICIE 2013
29 - 30 Jan
Prince Hotel & Residence
Kuala Lumpur


Please contact:


Tourism Malaysia

Kuala Lumpur International Airport

Immigration Department of Malaysia

Ministry of Foreign Affairs Malaysia


Map: Prince Hotel and Residence KL