Permanent business cooperation at institutional and academic level between the University of Tourism and Management in Skopje and the National Bank of Macedonia today, March 2, 2017 was held at the Central Bank where he held the 24th session of the Club of researchers. In this session were presented two works as the first paper titled "Islamic Banking and its prospects" written by professors from the University of tourism and Management in Skopje, and is published in the January edition of the international scientific journal for academic research in the field of business and social sciences. The authors of the paper, Prof. Dr. Saso Kozhuharov, Dean of the Faculty of Economics at UTMS, Assoc. Dr. Jana Ilieva, professor at the Faculty of Management and Human Resources, Assoc. Dr. Natasha Ristovska, Dean of the Faculty of entrepreneurial business before the numerous professional audience presented the specifics of Islamic law, the principles of Islamic banking, the structure of Islamic and conventional financial arrangements, and the relationship between Islamic concepts and economic stability, pointing out the possibilities and prospects of the Islamic banking.