The fourth book in this list is the ISRA Compendium for Islamic Financial Terms (Arabic-English) published by the International Shariah Research Academy (ISRA) based in Malaysia. ISRA is a prominent research institution which was established by the Central Bank of Malaysia in 2008 and promotes applied research in the area of Shariah and Islamic finance. The book was published in 2009 & consists of over 500 pages.

This book is a great resource for anyone involved in Islamic finance research to have in their library as it acts as a kind of dictionary of Islamic finance terminologies. ISRA mentions that the aim of the book is to familiarise experts and students in Islamic finance with both the linguistic and technical meanings of common Islamic financial terms. Furthermore, the book is unique as it defines Islamic financial terminologies in both the Arabic & English language as well as defining the terminologies from a Fiqh perspective without going into too much detail.

Anyone involved in Islamic finance will know that it is sometimes difficult to translate terminology accurately when conducting academic research or research for Shariah boards and also when translating Shariah board decisions for Business units or for publication. Therefore, it is not uncommon to see poor translations of terminology from Arabic – English & vice-versa in the Islamic finance industry. Hence, having an accurately translated resource which one can refer to, is definitely beneficial and fulfils a crucial need.

The book can be purchased for RM150 directly from ISRA at the following link: www.ifikr.isra.my