Islamic economics is currently moving from a mere discourse on economics in islamic perspective towards becoming a distinct science of islamic economics.There is a systematic effort from islamic economic scientific community to develop a disciplineof islamic economics market by a complete body of knowledge,clear subject matter, methodology/methologies to appraise theories and continus growth and accumulation of knowledge. this could be done if the scientific community put strong effort in explicating all the necessary foundatins of science and achieve consensus on certain important aspect of discipline.in this paper we attemt to historically survey the development of islamic economics towards becoming a distinct discipline,evaluate teh current practices a adopted by the slamic econmics'scientific community in settling up problems,and outlining forward agenda in order to achieve this discipline status.