The development of Islamic Economy in world has entered into its third phase. Islamic Bank for instance, with the age of 30th years of operation, he efforts are channeled towards strengthening financial institutions to better serve not only the local but also international markets. Towards this end, innovation, reengineering and research are also strongly being promoted.

Islamic finance bans interest, gambling and speculation. Minority of people know that it also promotes the kind of focus on partnership and productive investment that seems to have been missing from the global boom of the first decade of the 21st century. Islamic financial system could help stabilize the global economy, thanks to its nature: - Financial assets grow in step with growth in real economic activities. - Potential for excessive speculation is reduced. - Social and ethical responsibilities are embedded in the investment activities. - Maintaining genuine liquidity adds to the stability of the financial service institutions. - Natural economic growth is sustained.

Objectives

1. To discuss theoretical and applied research related to the Islamic Economic System from different areas of research.
2. To analyze current issues and challenges in the world today and to determine the relationship between sustainable development and Islamic Economic system.
3. To bring local and international scholars together for the exchange of ideas and to assess the current state of knowledge and development of the discipline in theory and practice.