IslamicFinance.de

Researchers are seeking to apply the principles of game theory to Islamic finance, one of several efforts to shed new light on economic behaviour in an industry driven by religious principles. A competition launched this month by the Islamic Development Bank (IDB), in partnership with universities in Morocco and Saudi Arabia, invites entrants worldwide to submit computer models of some aspect of Islamic economics or finance. Models are to employ agent-based simulation (ABS), which uses individual rules for the behaviour of each participant and shows how their interaction can have results that no participant intended.