Recognizing,

• His significant contributions to Islamic economics and banking at both theoretical and practical levels.
• His long standing association with the research ensures a lasting impact on the future generation of practitioners in Islamic finance.
• He successfully designed the first Islamic trade-finance program in 1976-1978 among OIC Member Countries. The program later became a dedicated department for trade at IsDB, unique among multi-lateral development institutions, and subsequently transformed into a standalone entity for financing trade among OIC Member Countries, the Islamic Trade Finance Corporation (ITFC).
• He made significant contributions to the theory of Islamic economics, particularly concerning the relationship between zero-rate of interest and optimal supply of money. In many works, he was able to demonstrate the viability of Islamic banking using the analytical methods of mainstream economics.
• He held leading positions in key institutions in the Islamic financial industry throughout his extended career. In this capacity, he contributed to the establishment of key Islamic financial and infrastructure institutions of the industry, including: Bosnia Islamic Bank, British Islamic Bank, Islamic Financial Services Board and the International Islamic Financial Market.

The IsDB Prize Selection Committee decides to award the IsDB Prize in Islamic Economics, Banking & Finance for the year 1440H to Dr. Mabid Al Jarhi