The Center for Islamic Economics Studies was established according to a proposed study from the Faculty of Economics and Social Sciences Scientific Council. It was approved by Dr. Ibrahim Noreen Ibrahim, the then Vice Chancellor of the university who issued administrative decision No. 19 for 2012 on the establishment of the center dated 21  Rabi a-Thani 1433 AH corresponding to 14 March 2012.

The Center is a scientific research unit that carries out its duties under supervision of the Deanship of Scientific Research Authorship & Publication at the U of HQIS.