International Research Center for Islamic Economics and Finance (IRCIEF)

IRCIEF: An important step toward Istanbul becoming world's Islamic finance and banking capital

Istanbul's Sabahattin Zaim University established the International Research Center for Islamic Economics and Finance (IRCIEF) in order to produce relevant research to guide policy design and implementations. It also organizes workshops and training programs to provide society with opportunities toward a better understanding of Islamic economics. According to IRCIEF director Prof. Dr. Arif Ersoy, the center will also intensify its research activities on finding new solutions for the problems encountered by SMEs, who are the main consumers of Islamic banks. IRCIEF offers graduate studies on Islamic Economics and Finance, furthermore post graduate studies on Islamic Economics and Law in Arabic. For next year the center is planning to open the programs in English as well.

Istanbul-based university opens Center for Islamic Economics building

Istanbul Sabahattin Zaim University (IZU) is opening its International Research Center for Islamic Economics and Finance (IRCIEF) on Oct. 28. The IZU hopes to become a center for academic studies in the field. Launched by Kuwait, Turk and Albaraka Turk participation banks, the International Research Center for Islamic Economics and Finance will offer market-based education to its students. By offering courses in Turkish and Arabic, the IZU will enable Turkish and foreign students to be specialized in the field. University rector and professor Mehmet Bulut said the center will train equipped students in undergraduate, postgraduate and doctorate programs. He promised that students will be educated in this center with the understanding of making Turkey stronger and noting that the accomplished projects will be carried out in collaboration with the participation banks.

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