King Faisal International Prize (KFIP) recognizes excellence in 5 categories: Service to Islam, Islamic Studies, Arabic Language & Literature, Medicine, and Science, since 1979

Professor Mohammad Najatullah Siddiqui

Winner of the  
KFP Prize for  
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Topic: Contemporary Economic Problems from an Islamic Perspective


Nationality: India

Professor Mohammad Najatullah Siddiqui was born in 1931 in Utar Pradesh (India) and educated at Aligarh Muslim University (M.A., Ph.D.). His academic career extended over 45 years, during which he served as Professor of Islamic Studies at Aligarh University, then joined King Abd Al-Aziz University in Jeddah (Saudi Arabia) as Professor of Economics for 22 years (1978-2000), thereafter taking short-term fellowships and Visiting Professorships in the U.S.A., Saudi Arabia and Malaysia.

Professor Siddiqui’s dual qualification in economics and Islamic studies enabled him to contribute significantly to the development of modern Islamic economic thought. He has authored 14 books in English, 13 books in Urdu and 7 books in Arabic, in addition to numerous research articles and seminar papers. Some of his books, originally written in English, were translated into Persian, Turkish, Malaysian, Hindi and Indonesian languages. Of particular importance are his books Banking Without Interest, The Theory of Ownership in Islam, Role of the State in the Economy: An Islamic Perspective, Dialogue in Islamic Economics and Modern Writings in Islamic Economics: Selected Essays. These and other works reflect Siddiqui’s vast knowledge and originality of thought that place him among leading contemporary scholars of Islamic economics.

Professor Siddiqui received a number of awards and honors. In addition to the King Faisal International Prize for Islamic Studies, he received the American Finance House Award, the New Delhi Institute of Objective Studies Award (Shah Waliullah Award) and the Prize of the Takaful Forum in New York for Life-long Contributions to Islamic Insurance and Banking. He is a member of the International Association for Islamic Economics and its president from 2001-2003 and member of editorial boards or advisory editor to a number of economic journals.

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