Program Encouragement and Promotion Program Self Financing Program Consultancy Services IRTI provides consultancy services in the areas related to its specialization i.e. Islamic economics, banking and finance to member countries as well as to national and international organizations. IRTI has developed special skills in providing consultancy in the areas of establishment and development of Zakah and Waqf institutions and Islamic financial institutions such as Islamic banks. In addition, IRTI is also well equipped to prepare and review feasibility studies and formulate macro economic plans for regional and national socio-economic development. To fulfill its objectives, IRTI also mobilizes the expertise of external scholars to supplement its resources available in-house. Under this scheme, scholars in universities and research institutions all over the world are requested to undertake research project on a given theme.
Appropriate honorarium is paid to the scholar.
The completed research paper is published by IRTI . The scholars who are interested in Islamic economics, Islamic banking, Islamic finance, economics of zakah, economics of awqaf, or in economic development of member countries of the OIC, are encouraged to send their research proposals to Director, IRTI . The research proposals are evaluated by an academic committee and are refereed internationally. The proposals, which are found suitable and academically sound, will be commissioned as external research. The IDB has established an annual prize to recognize, reward and encourage creative efforts of outstanding merit in Islamic economics and banking.