Book review: Teaching and Research Methods For Islamic Economics and Finance

Abstract

The Muslim population’s demand and pursuit of the Islamic Economics and Finance system began to take an institutionalized form in the late 1960s. The first attempts focused on financing methods and answering that period’s economic problems. These efforts have yielded results. Some Muslim countries adopted the institutionalization process of Islamic finance and economics, and a few countries have adapted their legal infrastructure to this new system over time. However, the growth rate of Islamic finance in the sector hasn’t achieved its potential yet. There might be many reasons for this, but the awareness of the public about Islamic finance and economics and the teaching methods are one of the most critical parameters for the growth rate of the new system. In this new and emerging sector, the Islamic finance system in practice differs from the Islamic finance system in theory, as service providers, intermediaries, and service recipients do not have sufficient knowledge and experience and have adopted traditional teaching and research methods. This study focuses on teaching and research methods for Islamic economics and finance with the idea that the gaps arising from this difference can be minimized by using the proper teaching and research methods.