KUALA LUMPUR, 18 August – Credit Guarantee Corporation Malaysia Berhad (CGC) today contributed RM200,000.00 to the International Shari'ah Research Academy for Islamic Finance’s (ISRA) Islamic Economics Textbook Project.


The said publication will provide significant benefits to the Islamic finance industry, particularly in strengthening the knowledge base by providing a source of reference for students, academicians and industry practitioners. The textbook shall contain over 20 chapters which will be incorporating inputs from academicians and relevant experts in their respective fields. Besides that, it will also contain a combination of thought-provoking case studies, discussion-based questions and references.


“I was made to understand that although there are several books on Islamic Economics, its breadth and depth are not as comprehensive and this project is expected to fill that void.  CGC would like to extend our highest commendation to ISRA for initiating this project as it would be a prodigious source of information and reference for all stakeholders,” said CGC's President / Chief Executive Officer, Mohd Zamree Mohd Ishak.


“As a Development Financial Institution that also provides Shariah Compliant products, our sponsorship is an extension of our contribution to the Islamic finance industry and in support of Malaysia’s leading position in the industry,” Zamree added.


"Indeed, CGC's financial support is very instrumental for ISRA to kick-start its long awaited project on Islamic economics textbook, which is envisaged to be a comprehensive and main source of reference to the academia, industry practitioners and regulators. We wish to extend our utmost gratitude to the Board and Management of CGC for its support," said ISRA's Executive Director, Prof. Dr. Mohamad Akram Laldin.  


ISRA was established to promote applied research in the area of Shariah and Islamic finance. ISRA also acts as a repository of knowledge for Shariah views (fatwas) and undertakes studies on contemporary issues in the Islamic financial industry.


 Source: Malaysian Reserve