Abstract
Islamic Economics and Finance is more prominent today, compared to the 1930s when it was introduced as a concept and the 1970s when it was started to be implemented. The reason of this is that there has been an increase in theoretical studies on the field over the years and a growth in the sector. The Islamic Economics and Finance system has reached a market size of $ 3 trillion by 2020, but still faces different problems. These problems are the main obstacles for Islamic Economics and Finance to reach its true potential. The aim of this study is to identify and classify the main problems that hinder the development of Islamic Economics and Finance. While classifying the problems, the personal experiences of the experts, implementation history of the sector and theoretical studies have been benefited. As a result of the investigations, the basic problems of Islamic Economics and Finance were grouped under 3 main headings. These are problems related to theory, problems related to practice, and human problems. Under the main problems identified, 12 sub-problems were also examined. The discussion of the identified problems aims to contribute to the realization of the field's objectives both in theory and practice.