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There have been discussions about Islamic economics for over three decades. The Islamic Research & Training Institute (IRTI), a research arm of the Islamic Development Bank Group, is a research center focusing on the study of Islamic banking, fi nance and economics. The application of Islamic economics at the moment is still limited to Islamic banking and finance. The growth of Islamic fi nancial institutions to some extent could be attributed to the study on Islamic banking and finance.

By Farouk Abdullah Alwyni

Islamic Finance News