Islamic economics and finance education: consensus on reform

This paper aims to provide points of consensus on Islamic Economics and Finance Education (IEFE) based on the combined efforts of experts in the field by summarizing the findings from significant conferences on IEFE since 1975. Conference data is collectively treated as a survey of experts in the field. The conferences are analyzed in the context of current scholarship to understand is the field’s evolution. Findings include a need to develop the methodology of IEFE and evolve the paradigm of IEF. Recommendations embrace curriculum standardization, global institutional collaboration, an international coordination body, improvement of the quality of publications in the field through government supported teacher training and student participation, assistance to emerging countries in IEFE, support for curriculum and talent development multi and interdisciplinary skill development, and correlation of curriculum and industry practices. Future conferences in the field can use the findings to tackle unresolved issues and avoid conference duplication.