A GA K HAN A WARD F OR A RCHITECTURE It was established in 1977, strives to enhance the perception of Islamic culture as expressed through the architectural excellence, encompassing concerns as varied as contemporary design, social housing community improvement and development, restoration, re-use and area conservation and landscaping and environmental issues. Through its efforts, the award seeks to identify and encourage building concepts that successfully address the needs and aspiration of Muslims societies. The award is organized on the basis of a rotating calendar spanning cyclical periods of three years each, and is governed by a steering committee chaired by His Highness Aga Khan. The current prize fund totals ( US $ 50,000 ) the largest architectural prize in the world – is presented to projects selected by an independent master jury. To date, the master juries have selected 105 projects to receive the award for architecture.