Research Centre For Islamic Economics (IKAM) Opens

12 December 2016

It gives us immense pleasure to announce the opening of Research Centre for Islamic Economics IKAM which will provide researchers a platform to conduct quality research in the field of Islamic Economics and will also acknowledge their contributions by awarding them different prizes each year. Additionally, "İktisat" Publishing House will be set up for translation and publishing of the main studies of the field available in different languages in different parts of the world.

The need for IKAM’s establishment had been realized by İLKE İlim Culture and Education Association since the occurrence of the Islamic Economics Workshop in 2013; hence IKAM was established to meet the pertinent need of accelerating quality research in the field of Islamic Economics. Many activities such as research, publications, training, conferences and workshops will be held at the centre established by Institutional Support of Scientific Research Associations (ILEM) and Economic Business and Business Ethics Association (IGİAD).

IKAM gathered notables from the business and academic world in its orientation meeting held in Istanbul on Saturday, December 10th. Speaking at the opening, IKAM President Assoc. Dr. Lütfi Sunar, Chairman of İGİAD Board of Directors Ayhan Karahan and Head of İLEM, Süleyman Güder shared detailed information about motivation behind its establishment and its prospective activities.

T.C Sedat Murat, Chairman of the Ethics Committee of the Public Officials, and Cengiz Kallek, the Rector of the City University of Istanbul made congratulatory speeches while TCM Central Bank’s Deputy Sabri Orman gave an opening talk entitled "The Future of the Islamic Economy".

IKAM opened on death anniversary of Professor Sabahattin Zaim, a pioneer of Islamic Economics discipline in Turkey.

IKAM first working day coincided with the death anniversary of Professor Sabahattin Zaim, a name widely known for contributing to development of Islamic Economics discipline in Turkey. President IKAM, Lutfi Sunar in his welcome speech made mention of Sabahttin Zaim and his work for the establishment of the field. He emphasized that Muslim countries began to think and work with a new economic model together with their independence in the 1970s and stated that similar works started in Turkey in roughly the same years. Lütfi Sunar additionally stated that; "In addition to contributing to the solution of today's economic crises, Muslims have played a particular role in the development of knowledge in different fields and also their awareness of their own historical contributions has increased. In this context the possibility of presenting new models especially for the forgotten Islamic economic studies began in 1990s towards the end of the 2000s”. The existence of İGİAD, which is one of the institutional supporters of İKAM in this period, was the starting point for this realization under ILKE Association. Lectures started by ILEM in 2007 with Sabri Orman’s entitled "The Current Problems of the Islamic Economy" were ILEM's indispensable elements and later included the various academic studies in the field of Islamic economics, the practical field of the economy and the theoretical field of Islamic Economic solutions to contemporary problems. Some of the most important objectives of IKAM are to expand the field, to create new ideas and applications, to support and nurture field-oriented information, to support both businessmen and politicians who are looking for solutions to economic problems both in theoretical and practical areas.

Prof. Dr. Sabri Orman, delivered the first talk

After Lutfi Sunar, who made the opening speech, Sabri Orman, Parliamentary Member of the Central Bank of Turkey, realized the conference namely "Future of the Islamic Economy".
In his speech, Orman started by indicating that though he is offering an opening address at İKAM and his doesn’t fall among the names for foreign academia yet he expressed his opinion that IKAM would gain an international identity through its works.

By describing his memory, he explained that he wanted to study Islamic economics in the periods he was going to start his Ph.D. studies but found it difficult to even get an acceptance for that. Expressing satisfaction with the establishment of the IKAM, Orman emphasized the need for further work in the field. Sabri Orman reflected the importance of few facts stating that; "When we look at the future of Islamic economics, we must do two things while preparing for the future. The first is the criticism process and the second is the construction process. In addition, academicians who will do Islamic studies should have lingual capabilities. If you are going to study Islamic economics, Islamic sciences are essential of minimal level. On the other hand, your knowledge of modern economic should also be sufficient."
The program ended with a family photo shoot that took place after the conference.

About IKAM

Seminars, reading groups and workshops are organized by the Research Centre for Islamic Economics (IKAM) which was founded in 2016 under İLKE. It aims at facilitating the researchers, academicians and students working in the field of Islamic Economics by expanding their resource base.

IKAM aims to create a corpus of the filed by translating and publishing classic works on Islamic Economics available in different languages.
IKAM will also publish original research reports and country reports to improve the knowledge base in Islamic economics. Through these reports, it will focus on the development of new concepts and theories, and the creation of different applications.

Among the activities of İKAM, which will be carried out at İLKE in Üsküdar, different awards will be given to acknowledge the contributions to the field of Islamic Economics namely; Islamic Economic Research Award for promoting original academic production in the area; The Islamic Economic Practice Award for the promotion of new and original practices and the Award for Contribution to the Islamic Economy to award individuals or institutions contributing to the development of a long-lasting field.