IsDB 2022 Prize for Impactful Achievement in Islamic Economics

First instituted in 1988 as the IsDB Prize in Islamic Economics, Banking and Finance, the Prize was reformulated in 2020 under the new name of ‘IsDB Prize for Impactful Achievement in Islamic Economics.’ This reformulation expanded the scope of the Prize to reward outstanding achievements in two categories, namely innovative (i) development solutions guided by the principles of Islamic economics and (ii) knowledge creation. Under the new format, the Prize has two categories. The first category will reward significant contributions to knowledge in areas with the potential to solve major development challenges of IsDB Member Countries; while the second category will reward successful projects that solve critical development challenges in IsDB Member Countries. Each category will be awarded every other year alternating between the two categories for contributions made over the previous seven years. The Prize aims to recognise, reward and encourage creative projects that successfully solve important development challenges in the IsDB Member Countries (MCs).