Islamic Economic Research Center
Islamic Economic Research Center
ILKE Science Culture Education Foundation is an umbrella organization established in 2010 in order to operate in the field of business ethics and entrepreneurship, academic studies and non-formal religious education together with its institutions and to conduct pioneering studies that improve the strategic outlook on these issues. Within this framework, it undertakes the function of a center that produces information, policies and strategies in the areas of work of the institutions under the roof of the ILKE Foundation, ensures the representation of our institutions in public and improves corporate relations.
The ILKE aims both to eliminate the Decoupling between academia and the business world and to evaluate the modern economic structure surrounded by the capitalist economic system in terms of Islamic values, and to carry out a number of activities that will build the theoretical structure of a new paradigm. He has established the Islamic Economics Research Center (IKAM) in order to carry his Islamic economics studies, which he has been carrying out for a long time, to a more effective basis and to meet the ever-expanding demand and need in the field of Islamic economics. Established by the ILKE with the institutional support of ILEM and IGIAD, activities such as research, publication, training, conferences and workshops are carried out at the center.
Islamic economics studies in general remain limited in our country and in the world, and studies need to be diversified. All the antitheses about the capitalist system are being refuted day by day, and an alternative that will be a remedy against this unjust system cannot be developed. Islamic economics has the potential to provide a fairer economic life and distribution with the proposed systems and practices. Because the effort and claim of Islamic economics stems from faith, and this teaching imposes responsibilities on Muslims in terms of what they do and say. In this context, in the light of past accumulations, there is a need for competent researchers to focus on new studies and turn to this field.
The Islamic Economics Workshop, organized by IKAM since 2013, started with this idea and made valuable contributions to the knowledge base. This workshop, which has turned into a product and covers the field of theoretical and applied economics rather than current financial issues, has attracted great interest. IKAM aims to carry out new studies based on this accumulation and to increase the production of knowledge in different fields.
OUR AIM
The Islamic Economics Research Center (IKAM) was established in order to contribute to the conduct of Islamic economics studies in a more qualified manner. IKAM aims to encourage the production of competent ideas and theories for the comprehensive construction of the idea of ”Islamic economics" and to provide a basis for new studies.
IKAM aims to carry out long-term, in-depth, holistic, qualified studies for the formation of a system that promotes fair, halal earnings and respects human and human labor as an alternative to the current economic system, which is developing hand in hand with capitalism. This center, which will address Islamic economics on both theoretical and practical grounds, aims to create a structure that expands the issues of Islamic economics on various platforms by addressing them in different dimensions and enriching them with various activities so that they can benefit people working in the field.
IKAM, which attracts more attention to the field with its rich content and various activities, aims to fill an important gap in the field as a center containing concrete solution proposals that can be an alternative to the existing capitalist system on both national and international platforms.
Yayınlar
Boycot from Financial, Social, and Fiqh Perspectives
The rising boycott movements against Israel's ongoing occupation policies in Palestine have emerged as a strategic tool influencing the global economy, rather than merely an individual consumer choice. The report titled "Boycott from Financial, Social, and Fiqh Perspectives", prepared by the Islamic Economics Research Center (İKAM) under İLKE Foundation, examines the economic, social, and fiqh dimensions of boycotts in detail.The report explores the impact of boycott movements on financial markets and corporate balance sheets, their implications for global trade, and their evaluation from an Islamic legal perspective. Among the key sections are analyses of how boycott movements in Turkey affect large-scale companies and sectoral assessments.Key Topics Covered in the Report:✔️ Global boycott movements and their economic impacts✔️ The role of boycotts in Islamic history and their fiqh evaluation✔️ Public perception of boycotts in Turkey and participation dynamics✔️ Analyses on the impact of boycotts on company sales✔️ Boycott evaluation through financial data and stock performanceThis comprehensive study details how boycotts can be used as an economic force and outlines the necessary steps to transform them into a sustainable long-term strategy.
Etkinlikler
Economic Monitoring Report 2023: An Overview of the Turkish Economy
The Economic Monitoring Report 2023 and the Monetary Policy Report will be introduce on June 4th. Edited by Associate Professor Dr. Ömer Faruk Tekdoğan, the Economic Monitoring Report 2023 offers a comprehensive evaluation of the economic developments of 2023 through data-driven analyses across a wide range of topics. In addition to the Economic Monitoring Report, the Monetary Policy Report will also be introduced by İKAM. This report delivers thorough analyses of the Turkish economy, covering topics such as the Liraization Strategy, the Government's Role in Combating Inflation in Turkey, the Importance of Corporate Profits and Wages in the Fight Against Inflation, and Monetary Policy from an Islamic Economics Perspective.
Haber
The 12th Islamic Economics Summit was a resounding success, uniting the academy and industry in a groundbreaking collaboration!
The 12th Islamic Economics and Finance Summit, formerly known as the Islamic Economics Workshop and organized by the Islamic Economics Research Centre (IKAM), affiliated with the İLKE Foundation, was held in a new format this year on 16 October 2024 at Marmara University in Istanbul. In his opening speech, Dr. Melih Turan, Director of the Islamic Economics Research Centre, asserted that Islamic economics and Islamic finance studies have immense potential and must be further developed and sustained. Mr Ahmet Sait Öner, Chairman of the Board of Directors of İLKE Foundation, made a strong case for the importance of Islamic economics and finance studies as an alternative model to the current financial system. Fatma Çınar, Deputy Secretary General of the Participation Banks Association of Turkey, stated: 'In the 21st century, global challenges have made fair and sustainable financial systems a necessity.' Islamic economics and finance are vital for establishing a fair and sustainable order and for achieving sustainable development. Prof. Dr. Mehmet Babacan, Member of the Supervisory Board of the Central Bank of the Republic of Turkey, confidently evaluated the developments in the participation finance sector and stated, "We have made significant strides in participation banking over the past six years, but there is still a long way to go.Institutionalisation is critical for success in this field." Prof. Dr. Göksel Aşan, President of the Presidential Finance Office, stated that the current system is unsustainable and that it will be replaced by a new system. Following the opening speeches, the panels were held in two different halls in parallel sessions. In-depth discussions were held on the issues addressed by the academia and the sector from different perspectives. The 10 panels, which addressed a range of topics, included discussions on the contribution of Islamic economics to crisis solutions, the transformation of global finance, innovative approaches in participation finance, digitalisation and the transformative impact of Islamic fintechs. The panels were attended by distinguished speakers from both academia and the industry, who shared information, strategies and practical experiences that will help realise the potential in the field of Islamic economics.At the summit, awards were presented to recognise excellence in the field of Islamic economics. The Islamic Economics Thesis Award was presented to Dr Yunus Emre Aydınbaş, the Islamic Economics Application Award was awarded to Türkiye Emlak Katılım Bankası for its Portfolio Custody Service, the Islamic Economics Research Award was presented to Dr Sami Al Daghistani, and the Islamic Economics Contribution Award was presented to Prof. Dr Masudul Alam Choudhury. The participation finance sector was the focus of several panels at the summit, which examined it from different perspectives. Dr. Tarık Akın, Head of the Participation Finance Department at the Presidential Finance Office, highlighted the interconnectivity of Islamic finance with global trends such as the emergence of the middle class, urbanisation and climate change. He further emphasised that these trends are shaping the global economic landscape. Ökkeş Emin Balçiçek, CEO of Architecht, highlighted the crucial role of technology in the fintech sector, emphasising the importance of aligning digital solutions with Islamic principles. Umar A. Oseni, Secretary General of the Arbitration Centre of the Organisation of Islamic Cooperation, stated that Islamic finance should be considered as a fair, sustainable and balanced system at both individual and societal levels. Prof. Dr. Obiyathulla Ismath Bacha from INCEIF University emphasised that most of the financial transactions are made through banking, which makes the system fragile and problems in one bank can threaten the whole system.