Funding research in Islamic economics and finance

This paper presents some preliminary thoughts on funding research primarily in Islamic economics. It bases its proposals on the fact that despite more than 30 years of research and publications in the area of Islamic economics and finance, the overwhelming proportion of attention has been given t...

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Main Author: Haneef, Mohamed Aslam
Format: Proceeding Paper
Language:English
Published: 2008
Subjects:
Online Access:http://irep.iium.edu.my/24428/
http://irep.iium.edu.my/24428/1/funding_research_in_Islamic_economics.pdf
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author Haneef, Mohamed Aslam
author_facet Haneef, Mohamed Aslam
author_sort Haneef, Mohamed Aslam
building IIUM Repository
collection Online Access
description This paper presents some preliminary thoughts on funding research primarily in Islamic economics. It bases its proposals on the fact that despite more than 30 years of research and publications in the area of Islamic economics and finance, the overwhelming proportion of attention has been given to the latter, with research in Islamic economics not keeping up, in both total number of researchers and funding sources and allocation. The paper highlights the need to allocate resources, both human and financial, to more fundamental research in Islamic economics as these foundational areas have not been sufficiently researched. The paper also argues, citing the experience of western economics that without sufficient attention on these foundations, applied areas including finance, will also be adversely affected in the long run. Data from Malaysia is used to support this main thesis that much more needs to be done to support research in Islamic economics. The paper also highlights the need to establish an International Fund for Research in Islamic Economics (IFRIE) and discusses possible features, sources scope and priority research areas, types of funds combined with proposals to ensure that the fund is administered efficiently. The paper ends with calls for immediate action in the setting up of a joint international Islamic economics Research Council to oversee the development and management of the proposed fund.
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spelling iium-244282015-02-17T04:21:50Z http://irep.iium.edu.my/24428/ Funding research in Islamic economics and finance Haneef, Mohamed Aslam BP173.75 Islam and economics HG Finance This paper presents some preliminary thoughts on funding research primarily in Islamic economics. It bases its proposals on the fact that despite more than 30 years of research and publications in the area of Islamic economics and finance, the overwhelming proportion of attention has been given to the latter, with research in Islamic economics not keeping up, in both total number of researchers and funding sources and allocation. The paper highlights the need to allocate resources, both human and financial, to more fundamental research in Islamic economics as these foundational areas have not been sufficiently researched. The paper also argues, citing the experience of western economics that without sufficient attention on these foundations, applied areas including finance, will also be adversely affected in the long run. Data from Malaysia is used to support this main thesis that much more needs to be done to support research in Islamic economics. The paper also highlights the need to establish an International Fund for Research in Islamic Economics (IFRIE) and discusses possible features, sources scope and priority research areas, types of funds combined with proposals to ensure that the fund is administered efficiently. The paper ends with calls for immediate action in the setting up of a joint international Islamic economics Research Council to oversee the development and management of the proposed fund. 2008 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/24428/1/funding_research_in_Islamic_economics.pdf Haneef, Mohamed Aslam (2008) Funding research in Islamic economics and finance. In: The 7th International Conference in Islamic Economics, 1-3 April 2008, Jeddah.
spellingShingle BP173.75 Islam and economics
HG Finance
Haneef, Mohamed Aslam
Funding research in Islamic economics and finance
title Funding research in Islamic economics and finance
title_full Funding research in Islamic economics and finance
title_fullStr Funding research in Islamic economics and finance
title_full_unstemmed Funding research in Islamic economics and finance
title_short Funding research in Islamic economics and finance
title_sort funding research in islamic economics and finance
topic BP173.75 Islam and economics
HG Finance
url http://irep.iium.edu.my/24428/
http://irep.iium.edu.my/24428/1/funding_research_in_Islamic_economics.pdf