The discussion centered around whether, and how far, has research in the field of Islamic economics progressed to permit a scholar to venture into writing a textbook for college students. The assembled economists also explored what Islamic economics meant to them and whether a different formulation served a better purpose in bring the tools of economics and Islamic ethics and value together.
The workshop participants proceeded to define the content and framework of analysis, along with the strategy and a plan, to write the proposed book. Some scholars abroad also participated in the discussion with their contribution through telephone and the Internet. They agreed to a set of guidelines for producing a textbook at the level of economics principles for junior undergraduate Muslim students. The content could include discussion of Qur’anic guidance for economic activity, as well as economic methodology and tools which might train students to engage in rigorous economic analysis.IIIT agreed to be the lead organization in this venture with other interested parties joining as partners later. Dr. Fahim Khan, formerly of the International Development Bank, coordinated the workshop.