Towards a Reference Ontology in Islamic Finance and Banking

The goal of this paper is to build a reference ontology for Islamic Finance and Banking called IFBO ontology. It is able to promote standardization, interoperability, reusability and sharing among all end users interested in Islamic Finance and Banking area in the world. The reference ontology provides a common vocabularies (concepts), descriptions and relationships between these concepts. To achieve this purpose, NeOn Methodology for building ontology networkswas adopted. we explain in detail, IFBO ontology building process from ontology specification activity to ontology implementation activity. IFBO has been implemented in OWL language using Protégé tool.