The Islamic Research and Training Institute (IRTI), a member of the Islamic Development Bank Group, has released a first-of-its-kind textbook titled ‘Fundamentals of Islamic Economics and Finance’.

IRTI published the textbook with the aim of satisfying the requirement for a standard, comprehensive textbook covering the necessary Islamic economics and finance topics in a simple presentation style, said a statement from the institute.

The new textbook is designed for senior undergraduate students of Islamic economics and finance, and can also be useful for students of conventional economics theory, it said.

Prof Mohamed Azmi Omar, director general of IRTI, said: “The textbook will address concerns about lack of adequate, synthesised Islamic economics and finance study materials for undergraduate students.”

“Even though previous research in the area has produced lots of theoretical and policy literature, much of the research outcomes are scattered in various published and unpublished materials, and access to all of these is obviously difficult and time consuming,” he observed.

“This new textbook published by IRTI is an attempt to address these concerns by having one volume that explains the different concepts in simple language,” he added.-TradeArabia News Service