In a new academic achievement that enhances the scientific standing of the University of Karbala, two faculty members from the College of Administration and Economics – Department of Accounting, Professor Dr. Ali Abdul Hassan and Lecturer Dr. Maysaa Saad Jawad Habib – have translated and reviewed a specialized academic book titled “Foundations and Applications of the Time Value of Money.”

The book, authored by renowned academics Pamela Peterson Drake and Frank J. Fabozzi—both leading researchers in the fields of finance and investment management—comprehensively and thoroughly addresses the concepts of the time value of money. It also reviews key practical applications and computational models used in investment analysis and sound financial decision-making.

The translators ensured that the ideas and precise financial terminology were accurately and rigorously conveyed into Arabic, maintaining linguistic precision and adhering to the academic style followed in universities and research centers.

Professor Dr. Ali Abdul Hassan indicated that the translation aims to fill a knowledge gap in the Arabic library by providing a reliable and up-to-date academic source that supports students and researchers specializing in finance, banking, and economics. He added that the book keeps pace with the latest developments in understanding investment valuation mechanisms, compound interest calculations, cash flow discounting, and other key topics in the world of finance and business.

For her part, Lecturer Dr. Maysaa Saad Jawad Habib explained that the choice of this particular book stemmed from the Arab academic community’s need for trusted and updated references in this vital field. She noted that the translation was accompanied by meticulous revisions to adapt financial terminology appropriately to the Arab and specifically Iraqi context.

It is worth mentioning that this achievement is part of the College of Administration and Economics’ efforts at the University of Karbala to promote scientific translation and encourage faculty members to engage with the latest global publications in their fields of specialization, thereby contributing to raising the university’s academic and research standards.

The book is available in university libraries and will be adopted as a primary reference in several undergraduate and postgraduate courses.