Professor Khurshid Ahmad is a renowned scholar, economist and Islamic activist. He is the founder chair of the Institute. He has written/edited/translated more than 70 books in English and Urdu, many of which have been translated in other European and oriental languages. He has also contributed profoundly through numerous articles, seminar papers and lectures. His in-depth comparative study of the oriental as well as occidental philosophies in religion, academics, economics, constitutional matters and his commitment to the cause of humanity has led him to be entrusted with key positions in the national as well as international organizations on these socioeconomic and other multidimensional disciplines. He has also been awarded with three honorary degrees of PhD in education, literature and Islamic economics by universities of Malaysia and loughborough, UK. He has also served as Federal Minister for Planning, Development and Statistics in the Government of Pakistan and is long time member of the Senate of Pakistan.
In view of his pioneering work and contributions towards the development of Islamic Economics as an academic discipline, he was awarded the First Islamic Development Bank Award for Economics in 1988. He was awarded King Faisal Prize for service to Islam in 1990. It was in 1998 that he was awarded the prestigious La-Riba Prize in Islamic Finance by American Finance House. Thus, he is the first and only Muslim who has been awarded with the three most prestigious international Islamic prizes.