ABOUT US

IETA is an abbreviation for Islamic Economic Thought Association. People, most especially the non Muslims, might be terrified by the word “Islam”. Islam is the Arabic word for “peace”.  Thus, one can say Peace Economics Thought Association if that will give him/her rest of mind and confidence.

As far as Islamic Economics is concern, it has been in existence since time immemorial, this means it has been in actuality for centuries ago.

In the context of A.B.U. Zaria, IETA came into existence in the quest for a prompt solution to the economic malady we found ourselves in the early 1990’s.

The then Head of Department in the person of Prof. Mike Kwanashi, been a non Muslim, saw it as one of the best alternative in restructuring the collapsed economy, and thus contributed enormously in the establishment of the association. Thus, the association is 28 years old today.

Like we made mentioned earlier, Islamic Economics is a system for making the economy better and making everybody better-off.

Various policies had been put to into place in order to get solutions to the dynamic economic problems we are facing as a nation today.

IETA was primarily created with the sole aim of propagating the thought as well as implementing its measures in order to revive the collapsed economy.

As expected of any rational association, IETA has its own Mission and Vision as follows:

Mission: “To harness the qualities and tenants of the doctrine of Islamic Economics so as to revolutionize the conventional economics in an effort to eliminate evident loopholes and proffer long lasting solutions.

The vision goes as follows too:

“To accomplish the task of establishing and solidify Islamic Economics as Foundation and cornerstone of our cognition of Economics and knowledge.”

The motto also goes as follow:

“Towards Economic Justice.”

The main function of Islamic Economics Thought Association is to promote Islamic economics. As an association it has charged itself with the responsibility of seeing to it that students are dedicated to achieving their goals with absolute commitment and precision, especially with the exemplary paradigms it has set up for newly admitted students and all other students.

Here in A.B.U, Zaria, IETA is making available an avenue for organizing conferences which deals with paper presentation on Islamic Economics by renowned scholars in the field. It also encourages writings and publication of annual magazines in the field.

Other activities of the association also include tutorials, annual debate and quiz competition and so on.

These are all necessary activities that will make your living on campus a very rich one. As for the tutorials, it will surely help you in your academic endeavor.

Organization of the annual debate, quiz and competition gives the platform for inviting other universities to learn from them, socialize and interact with them. As the famous historian, Thomas Carlyle, said:

“If I have an apple and you also have apple and we both exchanged it, you will still have one apple and I will still have one apple. But if I have an idea and you also have an idea, and we both exchanged you will have two ideas and I will also have two as well.”

The quiz and debate competition is an avenue for thousand ideas not only two, so you will be able to go home with millions of ideas.

Let me leave you with some exciting academic facts about Islamic economics.

As of 2008:

•Eight magazines  "exclusively devoted to Islamic economics and finance"

•484 research projects were conducted in various universities of ten countries including the US, the UK and Germany.

•200 Ph.D. dissertations completed at different universities of the world, with literatures published in English, Arabic, Urdu, Bahasa Malaysia, Turkish and other regional languages.

•Over 1500 conferences have been held on Islamic Economics

•One school—the Kulliyyah of Economics and Management Sciences of International Islamic University Malaysia (IIUM) -- has produced over 2000 graduates in 25 years as of 2009.