JEDDAH: The Islamic Research and Training Institute has announced that Zubair Hassan, an Indian national who currently lectures at the International Islamic University Malaysia (IIUM) in Kuala Lumpur, has been awarded the Islamic Development Bank (IDB) prize for 1430 AH (2009) in Islamic economics.
Hassan, who was selected in recognition of his contribution to Islamic economics, will be awarded $40,000, a citation and a badge with the IDB’s insignia at the 34th IDB Board of Governors’ annual meeting in Ashgabat, Turkmenistan, on June 2-3.
IDB President Ahmad Muhammad Ali congratulated Hassan and commended his contribution to Islamic economics and finance, wishing him further success in the future. He said the IDB created the prize in 1408 AH (1988) to encourage and reward contributions in Islamic finance and banking. So far, 29 scholars, researchers and economists from various countries have received the prize.
The Prize Selection Committee headed by Abdel Salam Al-Ibadi, secretary-general of the Fiqh Academy and former minister of awqaf in Jordan, met at the IDB headquarters in Jeddah on May 10 and recommended Hassan for the prize. The committee said its recommendation was based on Hassan’s great contribution to Islamic economics research. The decision was unanimous.
