The discussion on the Islamic Economics has been going on in the last three decades. Islamic Research & Training Institute (lRTI ), a research arm of the Islamic Development Bank (lOB) Group, has been one research center focusing on the study on Islamic banking, finance, and economics. The application of the Islamic economics at the moment is stil l limited to the Islamic Banking & Finance. The growth of Islamic Financial institutions in the last one or two decades to some extents could be attributed to the study on Islamic Banking & Finance.
By Farouk Abdullah Alwyni