The award fr Research in Islamic Economics was announced by the award award committee of Prince Mohammad Al-Faisal Prize for Research in Islamic Economics for 2012. Prince Amr Mohammad Al-Faisal presented details about the research at Effat University, Jeddah.
The award is SR 100,000 cash, memorial plaque and certificate. The award will be given to the distinguished research work in Islamic Economics by students in who is studying in Saudi Arabian educational institution. It is open for both male and female students.
Award for 2011 was won by an Egyptian Student from Taif University.