The Sharjah Islamic Center for Economy and Finance Studies launched the first edition of the Best Islamic Banking Research and Product Award. Several researchers from different Arab countries took part in the award. The first three winners were: the 1st from Morocco, the 2nd from UAE and the 3rd place was obtained by two participants from Bahrain. Winners were awarded by His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Member of the Supreme Council, Ruler of Sharjah and President of the University of Sharjah during the 10th Research Forum. Sharjah Chamber of Commerce and Industry, the strategic sponsor of the award, was also awarded.