Research-based insights- supporting the development

of Islamic finance industry

5th to 7th of December 2016

Dr Najeeb Al-Shorbaji Vice-President

e-Marefa Database

Why research in Islamic Economics and Finance?

• Research in the Quran and Sunna is Fardh (an obligation commanded by Allah) that has to be fulfilled by Muslims.

• Repeatedly, the Qur'an calls the believer to do tadabbur (think deeply, understand, ponder, reflect), to do tafakkur (think on a subject deeply, systematically, and in great details), and ta'qqul (reason).

• The 21st Century is the Information Age and the Knowledge Society. The information avalanche poses a challenge to researchers, business leaders and the public in general. Data and Information is the “New Currency” and the “New oil", a global effort that aims to accelerate and facilitate research data sharing and exchange

What problem (s) we are trying to solve?

• Absence of a comprehensive Arabic online integrated database on Islamic Economics and Finance;

• Absence of a multilingual information retrieval system and document delivery service for Arabic research production: • Peer reviewed journal articles; • University theses and dissertations; • Research reports and studies; • Official statistical reports; • Statistical analysis, etc. • Full text of Fatwa, Legislation, Laws, etc.

• Absence of institutional support for sustaining availability and accessibility of Arabic and Islamic research production on Islamic Economics and Finance;

• Disconnection between knowledge producers, researchers, decision makers and knowledge managers at global level and within the Arab and Islamic countries;

• Weak research and development in the field of knowledge production and utilization of Islamic Economics and Finance which created a knowledge gap;

• Lack of an one-stop shop for all types of knowledge assets on Islamic Economics and Finance from the Arab world.

What problem (s) we are trying to solve?

Islamic Economics and Finance Knowledge Cycle

d

Strategy

Policy and Practice Islamic Economics and

Finance knowledge needs

Bibliometric indicators of Islamic economic and finance knowledge assets

The following types of knowledge assets and indicative numbers have been identified by e-Marefa:

Documents (Full text of research papers, theses, eBooks, etc.) 10,300

Full text items (Fatwa, laws, decisions) 4,400

Statistical resources 6,000

Persons (Mufti, Board members, researchers, etc.) 3,300

Institutions (including Banks) 324

Terms and descriptors 5,100

TOTAL RECORDS 29,424

• For evidence-based Islamic Economics and Finance, including Banking the following information needs have been identified and addressed:

• Is it OK to do this or that? The religious and ethical basis of a Fatwa, legislation, law, etc. • Where is the evidence? Quran, Sunna, Research results in peer-reviewed journals; • What is this thing? Basic knowledge in eBooks; • Who is doing what? Profiles of persons and institutions cited in the literature, active in the

filed, knowledge producers or potential contributors to Islamic Economics and Finance activities;

• How is a Bank doing this year? Current financial status of financial institutions; • Performance indicators: Statistical analysis and comparison of performance indicators of

multiple financial institutions in time-series based on their published data; • ….

Information needs in Islamic Economics and Finance

Full text Full text

•Type of full text

•Country (ies)

•Descriptor(s)

•Date of Issuing

•Type of ruling

•Issuing Body

•Author’s name

•Document title

•Date of issuing

•Publisher

•Country

•Descriptors

Statistics Statistics

•Institution's name

•Country

•Affiliation

•Data Source

•Date/Period

•Descriptor(s)

Integrated Set of Data Bases Integrated Set of Data Bases

Documents Documents

Islamic Economics and Finance Knowledge Bank A

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Y

F

I

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S

A

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H

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R

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F

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Journals

Articles

Reports

eBooks

Theses

Journals

Articles

Reports

eBooks

Theses

Quran Verses

Hadith

Fatwa

Laws

Legislation

Governance

Quran Verses

Hadith

Fatwa

Laws

Legislation

Governance

Total Asset

Gross income

Total Liabilities

Statutory Reserve

Share Capital

Total Asset

Gross income

Total Liabilities

Statutory Reserve

Share Capital

•Person’s name

•Institution's name

•Country(ies)

•Area of Expertise

•List of Publications

•Previous Experience

•Institution's name

•Affiliation

•Country(ies)

•Specialty

•Profile

•Resources

Persons Persons

Authors

Mufti

Board Members

Consultants

Researchers

Authors

Mufti

Board Members

Consultants

Researchers

Institutions Institutions

Banks

Research Centers

Academic programs

Shariah Boards

Legislative Body(ies)

Banks

Research Centers

Academic programs

Shariah Boards

Legislative Body(ies)

Metadata Repository Metadata Repository

Documents Documents

People People

Islamic Economics and Finance Knowledge Galaxy

Mufti

Board Member

Researcher

Author

Research Centre

Academic Program

Shariah Board

Bank

Institutions Institutions

Total Assets

Share Capital

Institution's name

Country

Gross Income

Statistics

Full Text Full Text

Institution's name

Legislation

Descriptors

Country

Governance

Articles Articles

Theses Theses

Reports Reports

Journals Journals

eBooks eBooks

Banks

Research Centers

Boards

Documents

Institutions

Persons

Full text

Statistics

Board members

Researchers

Authors

Mufti

eBooks

Articles

Reports

Statistics

شكرا جزيال

shorbajin@e-Marefa.net