In my opinion the paper do really great in defining the Islamic Economics, it consists of the history of Islamic Economics itself, its definition, scope, and its challenges in this 21st century. The paper also emphasizes that Islamic economics was already exist since the prophetic period. Unfortunately after the golden ages of Islamic civilization in Spain, the Muslims civilizations were eliminated gradually. This condition is ended by the rises of the Islamization of knowledge in about 1940s-1970s when the Economics filed became the first Islamized science. It its development the Islamization of Economics wasn’t experience smoothly, until the first International Islamic Economics Conference is hold in King Abdul Aziz University, Jeddah on 1976s. That conference cased the establishment Centre for Research of Islamic Economics (CRIE) and Journal of Research in Islamic Economics (JRIE) and the establishment of IDB. There was the beginning of the Islamic Economics development on the world.
Although, the development of Islamic Economics is so vast, it doesn’t mean it comes without obstacles and challenges. The buried of Islamic civilizations for several centuries caused almost its scholars is contaminated with secular perspectives. To make Islamic Economics became dominant in the world’s economy; the Muslim economists should neutralize their mind from some secular paradigm. According to the paper there must be some strategies in facing the challenges today; there are:
1. The Convergence scenario.
2. The Blueprint of it.
3. Priorities of the field discussed.
4. Strategic planning for socialization.
5. Strategies for Education of Economics.
6. Strategic for Implementing of the subject.
Finally, the Muslim economists today have to face two enormous challenges, first they have to dominate the world economy or they will only became the subeconomics under the conventional economic system.