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The TCIB had a productive year in terms of publications and the number of contributors to its work. The theoretical core is Islamic Finance, Complexity and Games. Applications to global business issues include the Middle East, UK, Russian economic development, and the development of a complexity/evolutionary-based model of corporate strategy, alliances and partnerships, sustainability issues, and the compatibility of different financial systems of thought in the global business environment. 

A central hypothesis of the work is the extent to which what we call corporate strategy is (at least) in principle programmable. Evidence of this is accumulating. A number of directions for work suggest themselves as a result. One is the extent to which insights (especially into alternative scenarios and their likelihood) can be obtained from business strategy simulation. A second direction focuses on the role of human decision making if business processes are in principle programmable the specific human contribution, apart from designing the appropriate systems (a process that might in itself become programmable). 

And the role of creativity and imagination. Here a hypothesis is that we should draw on disciplines that are conventionally excluded from normal science. A second (arguably a subset of the first) is the sustainability and responsibility of business and, more broadly, into the need to accommodate a wider range of methodological and empirical approaches to business study. This leads to studying the impact of different thought and belief systems in the global economy, focusing particularly on Islamic finance and the compatibility of certain western and Islamic institutions. 

World's Best Islamic Financial Institutions 2020: Fair Winds Before the Storm  https://www.gfmag.com/magazine/may-2020/worlds-best-islamic-financial-institutions-2020.


The mission of TCIB is to provide solutions for economic development, poverty elimination and sustainable finance by producing applied research with a concrete analysis of global affair developments in Islamic economics, financial portfolios, debt restructuring, Zakat and social capital. 


The TCIB sees itself as a global centre of excellence in interdisciplinary business, Islamic economics and finance, promoting economic fairness and wealth through the development of alternative financial products and business practices. 

  • Knowledge transfer on key issues in international business research
  • Foster the development of theoretical and conceptual frameworks in key areas in Islamic economics and finance
  • Critically review Islamic financial products, institutions and markets
  • Coordination of research and teaching of strategy and Islamic economics and finance
  • Create an international platform for debate, dialogue, research and publication on contemporary issues and challenges faced by Islamic finance
  • To explore opportunities for collaboration and partnerships with all stakeholders involved in Islamic finance
These aims are achieved by:
  • Research and publication 
  • Seminars and workshops
  • Conferences and roundtables 

Established in 2005, The Centre for International Business (TCIB) strives to promote studying business's past development and future evolution in an international and comparative context. TCIB has an international reputation for research and consultancy in global business ranging from:
  • Islamic finance and moral economy
  • Islam, civilisation, history and modernity
  • Transition problems (especially Russia and the Middle East)
  • Global business strategy
  • Modelling of organisational behaviour
  • Intercultural issues, international business theory and strategy

The theoretical foundations of TCIB work are Islamic finance, complexity and game theory. Applications include alliances, the evolution of industries (especially the financial and energy sectors) and OPEC. TCIB is especially engaged with promoting Islamic finance, the principles of which have become increasingly relevant in a global economy that has been blighted by excessive leverage, inequality and debt. 

Research Interests

Internationally the TCIB works include oil-producing nations, especially OPEC, Islamic Finance, Complexity, Debt restructuring, Islamic Sukuk,  transition economies, especially the Russian Federation. The research programme reflects these interests. The broad, cross-disciplinary themes for the research clusters include:

Islamic Finance and Moral Economy: Explores the relationships between the Islamic faith, the economic phenomenon, moral economies, and technological developments such as fintech, blockchain, and digital financing, within the Islamic finance industry.

Religion, Science and Education: Critically analyse some of the most pressing issues regarding science education in contemporary Muslim societies and generate approaches and recommendations to address them.

Islamic Sustainable Development: Hosts theoretical debates and practical discussions revolving around institutional dynamics, contextual barriers, and other factors that affect sustainable development within the Muslim world.

The work of the core members of TCIB cover the following areas:
  • Sustainable finance development and faith
  • Islamic fintech, blockchain, and digital financing within the Islamic finance industry
  • The development of a complexity/evolutionary-based model of corporate strategy, alliances and partnerships  
  • The financial crisis and Islamic Finance
  • Evaluation of Islamic interbank benchmark rate
  • Financial portfolios replication
  • Poverty elimination, Zakat and social capital 
  • Learning; networks and semiotics
  • The global economy as a complex adaptive system in a management context
  • Religion, science, education and spirituality
  • Transition and emerging economies, especially Russia