Sharm El Sheikh, Egypt, 2 June 2022 - Islamic Development Bank (IsDB) President and Group Chairman, H.E. Dr. Muhammad Al Jasser, presented awards to the winners of the 2022 IsDB Prize for Impactful Achievement in Islamic Economics.

The awards were presented to two of the prize winners, Prof. Habib Ahmed (first prize) and Prof. Mansur Masih (second prize), during the Host Country Gala Dinner held on the sidelines of the 2022 IsDB Group Annual Meetings in Sharm El Sheikh, Egypt. The third prize winner, Prof. Tariqullah Khan was unable to attend the ceremony.

The three laureates are internationally recognized academics who produced pioneering and impactful scholarly works. They won the Knowledge Contribution category of the prize for their significant and influential contributions in the field of Islamic economics and finance.

In his separate letters to the winners conveying their selection for the awards, IsDB Group Chairman, H.E. Dr. Al Jasser, congratulated them for their accomplishments. “I hope that the awarding of this Prize shall encourage more researchers to discover, innovate, and convert knowledge and principles of Islamic economics into practical initiatives for wider economic development,” the IsDB President added.

During the awards presentation ceremony in Sharm El Sheikh, Dr. Al Jasser handed over the prize plaques to the winners. In addition, the prize comes with a US$ 50,000 award for the first prize winner, US$ 30,000 for the second prize, and US$ 20,000 for the third prize.

The winners were chosen by a Selection Committee of experts with the coordination of the IsDB Institute (IsDBI). Acting Director-General of the Institute, Dr. Sami Al-Suwailem, also congratulated the winners and wished them success in their endeavors.

Prof. Habib Ahmed is the Sharjah Chair in Islamic Law and Finance at Durham University, Durham, U.K. He received the first prize for his pioneering and innovative work in Islamic economics and finance that pushed forward knowledge and influenced policymaking for the use of Islamic finance in socio-economic development.

In his response to his selection for the prize, Prof. Ahmed said: “I pray that Islamic economics and finance can continue to contribute further to resolve the complex economic problems that humanity faces.”

Prof. Mansur Masih, a Senior Professor at Universiti Kuala Lumpur Business School, Malaysia, won the second prize for his original and pioneering contributions in bringing out ground-breaking works, particularly in the area of empirical Islamic economics and finance.

Prof. Masih, in his response, expressed appreciation for the award adding: “I am pleased to accept this kind award. I look forward to receiving the award, Insha'Allah.”

Prof. Tariqullah Khan, the third prize winner, was selected for his ability to carve a niche through his works to revitalize the original value proposition of Islamic economics and finance.

“Over the years, the Prize has done wonderful service in supporting, recognizing, and encouraging knowledge and institutions building in Islamic Economics and Finance,” Prof. Khan said.