Assoc. Prof. Dr. Magda Ismail Abdel Mohsin
Qualification:Ph.D.in Islamic Economic- Islamic Civilisation, International Islamic University of Malaysia (IIUM), Malaysia. (2003)
Fields/Area of Specialization:Islamic Economies and Finance
Before joining INCEIF, Assoc. Prof. Dr. Magda Ismail Abdel Mohsin served as a lecturer in a higher learning institution, International Islamic College Malaysia (IICM) where she was appointed as Deputy Head of Economic and Quantitative Programme, and Deputy Chief Executive Officer. She holds a Ph.D. in Islamic Civilisation (Islamic Economics) from the International Islamic University Malaysia, having completed her Masters in Economics from the same university. Her area of expertise includes Islamic economies and finance.

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Showing results 1 to 20 of 61
  • a_fresh_view_on_zakah_as_socio-financial_tool_to_promote_ethics_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2020)

  • Current statistical data shows that almost all Muslim countries are facing economic and social problems such as the spread of poverty, mounting outstanding external debt due to compound interest and widespread unethical behaviour. Some contemporary scholars relate these problems to the oppression and the crippling policies of former colonial administrations, while others point to the governmental incompetence and corruption that triggered the last Arab spring. However, this paper contends that although the above mentioned issues may have served as catalysts that led to the worsening of socio-economic situation in many countries, the main reason for the overwhelming problems plaguing M...

  • The_institution_waqf_innovative_financial_tool_socio_economic_development_Magda_Aishath.jpg.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2020)

  • The book is written to meet the needs of students studying waqf and those who are keen to study modes of Islamic social finance. Part of this book maybe useful to those studying Islamic economics at the undergraduate and postgraduate levels. Apart from students, this book can be used by professionals to refresh and update their knowledge about the subject and implement Islamic social finance via waqf practically. This book is arranged in a way that helps readers understand pertinent areas of the topic in a comprehensive manner.

  • Integration_Islamic_philanthropic_economic_services_alleviation_poverity_case_affordable_housing_Magda et al.pdf.jpg
  • Journal Article


  • Authors: Sadr, Seyed Kazem; Alhabshi, Syed Othman; Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2020)

  • This paper argues that the goal of poverty alleviation and a decent standard of living is not attainable in Muslim communities unless the economic and social services of the Islamic philanthropic institutes are integrated and a full-fledged collaboration would be resumed among the managing boards. The first part of the paper will examine why Muslims participate in altruistic giving and what are the alternative forms of contributions that are provided by Shariah of Islam. The second part will review the potential and actual contributions of the said Islamic benevolent giving for poverty eradication and well-being of low and vulnerable income families. The third and concluding part will...

  • Power_alleviating_poverty_Magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2020)

  • The recent statistical data on poverty shows that most of the people who live below the poverty line are found in Muslim countries. For example, the total population who are living below poverty line in Algeria is 25%, in Egypt 25.2%, in Bangladesh 26%, in Syria 35.2%, in Afghanistan 35.8%, in Pakistan 36.3%, in Nigeria 46%, in Sudan 46.5%, in Chad 46.7%, in Senegal 46.7%, in Yemen 54% and in Somalia 73%. Some scholars relate this poverty to the oppression, humiliation and bad policies which had been imposed in almost all Muslim countries during colonization and have continued up to the present time. Others relate this to the incompetence and the corruption on the part of their govern...

  • item.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Maruf, Aminuddin (2020)

  • Historically speaking, waqf has played a remarkable role in economic growth and development of Muslim countries. Recently, the call for productive waqf has grown widely and its implementation shows significant impact in various Muslim societies. Interestingly, the revival of idle waqf properties and the creation of cash waqf are becoming economic drivers that will improve the welfare of Muslim societies. It is also surprising to discover the creation of waqf cities in different types such as the Hamdard Waqf City of Health in India, Pakistan and Bangladesh, Al-Rahmah Complex City in Somaliland and Darussalam Gontor Smart Waqf City for Education in Indonesia. The main objective of this...

  • Economic_social_impacts_sovereign_sukuk_Magda et al.jpg.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Ishraga, Khattab; Alchaar, Mhd Osama (2020)

  • This chapter explores the economic and social impacts of sovereign sukuk in Sudan and its unique challenges. The first of its kind, this research collected primary data from different groups of investors of Sudanese governmental sukuk. Adopting a qualitative approach (interview questions and open and closed-ended surveys), four sets of questions were distributed to four groups (individual investors, institutional investors, government officials, and academics). The survey found that despite sukuk's influence in activating the economy and financial markets, and encouraging savings awareness, the market in Sudan is facing many challenges. Accordingly, it is recommended that sukuk issuan...

  • sukuk_shehama_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Sukuk shehama is a financial instrument that has only recently emerged. It is a form of government-issued Islamic bond (sukuk) based on musharakah which is found in Sudan but can be easily replicated in any other country. Each certificate carries a nominal value that is calculated in dinars and represents a share of the net investment allocated by the government for this purpose from the selected investment units. Shehama certificates are issued at different times from 6 months to one year. These certificates are issued in multiple categories 50 thousand dinars - 100 thousand dinars - 200 thousand dinars - 500 thousand dinars so that different categories of investors can buy any numb...

  • waqfintech_sustainable_socio-economic_development_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • This paper aims to discuss the use of financial technology in waqf (Islamic endowment) for funding religious and social causes. It is believed that waqfintech could reach a wider audience and benefit more people in need through the use of innovative financial technology like crowdfunding and blockchain. The main objective of this paper is to introduce the concept of waqfcrowd and waqfcoin as a means of collecting and managing waqf in the digital age. Waqf institutions can thus take advantage of technological innovation to utilise the convenience and efficiency offered by financial technology. This is a conceptual paper which reviews the relevant literature regarding waqf and financial...

  • integrating waqf crowfunding into the blockchain_magda_aishath.jpg.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2019)

  • Looking at current global reports, it seems that half of the world's population is suffering economically and socially. According to the most recent estimates, in 2013, 10.7 per cent of the world's population (767 million people) lived on less than US$1.90 a day (World Bank|Poverty Overview 2018). Moreover, millions of people lack adequate shelter and access to portable water, health services and education and suffer from extreme hunger (Shah 2013). Muslim countries are not exceptional, even though many anti-poverty programmes have been implemented, yet the Islamic Development Bank reported that 351.2 million people are living on less than $1.25 a day (SESRIC - Statistical, Economic a...

  • evolution_of_waqf_practices_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Waqf (plural awqaf) is a continuous charitable endowment given away for the goodwill. Once created, it must stay permanently to finance different needs for the next generation. Waqf can be defined as "the confinement of a property (movable or immovable) by a founder(s) and the dedication of its usufruct in perpetuity for the wellbeing of societies for generations to come". The inherent perpetuity of waqf gives its flexibility to accommodate the arising needs of Muslim societies throughout centuries. As such, it is seen as an institution with an immense potential for economic and social reform (MIFC, 2015).

  • brief_history_waqf_Islamic_socio-financial_insttuton_philanthropic_endowment_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Abu Hurairah (May Allah be pleased with him) reported Allah's Messenger (PBUH) as saying: When a man dies his acts come to an end, except three things, recurring charity, or knowledge (by which people benefit), or pious offspring, who pray for him. (Sahih Muslim). Looking at the economic situation of Muslim countries today in terms of their high unemployment rate, high illiteracy rate, lack of healthcare, inadequate transport facilities, the spread of poverty and the low level of food production encourages the author to look at the institution of waqf more profound as an authentic socio-financial tool to help minimize such problems. This raises the following questions; what role did t...

  • Waqf_shares_a_fundraising_scheme_for_community_development_projects_and_humanitarian_magda.PDF.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf-share scheme is a 21st century Islamic social finance tool that has been used successfully in Muslim and Muslim-minority countries (Cizakca, 2000). It is a fundraising scheme organized by a charitable institution that issues "waqf-shares" for sale to different contributors for various projects. Since a waqf-share is a movable waqf, it has to follow the strict conditions of waqf in terms of its irrevocability, its inalienability, and its perpetuity. This means that contributors cannot sell or transfer their waqf shares; they can only receive and hold a waqf-share certificate as evidence of theircontributions to the project if the created waqf is public waqf.

  • waqf_share_schemes_and_you_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf share scheme is one of the most versatile Islamic social finance tools that have emerged in the 21st century, and has been practised in many Muslim and Muslim-minority countries, according to Dr Murat Cizakca, Professor, Comparative Economics History, Global.

  • problem_based_learning_in_an_online_collaborative_environment_magda_et_al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Jamaludin, Fathaiya; Ismail Abdel Mohsin, Magda; Benhadria, Mokhtar (2018)

  • Today, teaching and learning environment extends beyond the walls of the traditional classroom. Advances in technology have made it possible for new possibilities and opportunities in open and distance learning. The modern education industry across the world has recognized the need to incorporate digital technology into the classroom and course curriculum. On that note, the skills needed to be successful today, therefore, (Partnership for 21st Century Learning, 2007) are much different than those expected a decade ago.

  • item.jpg
  • Master


  • Authors: Azganin, Hassan (2018)

  • Cash waqf has the potential to alleviate social issues and to enable awqaf organizations developing idle waqf properties and hence eliminating such problem. This can be achieved if the financial technologies solutions are embedded in waqf system. Thus, awqaf properties are facing several challenges when it comes to fundraising and transparency that we aim to resolve to efficiently ease its implementation. The main purpose of this study is to explore the potential of crowdfunding and blockchain technology in solving fundraising and transparency. This study adopts a qualitative method using semi-structured interviews with five experts and academicians in fintech and Islamic finance, mor...

  • Waqfcoin_an_innovation_to_serve_humanity_magda_aishath.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2018)

  • Serving humanity must be an objective of all human beings. There are many ways in which humanity can be served. One of the most convenient ways to do this is via donation. The most critical challenge facing the donors is uncertainty in knowing whether the donation is spent on the intended purpose. The lack of transparency by trustees managing donation funds have created lack of trust among the donors when it comes to donating for humanity. The Islamic concept of Waqf in which donations are made for noble causes faces the same issue as well. This is the main reason why Waqf is declining in today's era, where finding donors is a challenge. According to reports, Singapore-based fintech f...

  • sudan_academy_banking_financial_sciences_vision_hub_Islamic_finance_africa_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Khattab, Ishraga; Alchaar, Mhd Osama (2017)

  • The practice of Islamic banking has become a fast growing and widespread phenomenon, not only in the Muslim countries, but also in the Non-Muslim countries too, such as UK, USA, Canada and Singapore. The transformation from a conventional form of banking to a banking system based on interest-free banks has generated a great deal of interest to call for Human Capital Development in the field to ensure sustainability, good performance and good competitive market in the Islamic financial industry. Even though Sudan is the pioneer in taking the initiative of Islamizing its financial industry since 1980s, yet we realized that other countries are taking the leading international and regiona...

  • potential_for_wealth_creation_from_waqf_assets_magda_shaikh_hamzah.JPG.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • Charitable bequest as an endowment (waqf) is one of the wealth redistribution measures encouraged in Islam to bridge the gap between the haves and the have-nots. Such investments create flows of income/services of a charitable nature, in most cases, after the death of the endowers. Even though it is voluntary in nature, it is means to provide a continuous service to the needy in society and ensures a just and equitable distribution of wealth, and a means to seek God's blessings here and in the here-after. The title is on order.

  • financing_galvanizing_IDLE_waqf_properties_into_income_generating_properties_shaikh_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • The main objective of this study is to present the current successful cases in making a revolution reform of the old and idle waqf properties into income generating properties in Muslim and Muslim minority countries. These reforms include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the mass, taking care of the health of the people, and sheltering the poor and needy in the different countries. Case under studies are: Turkey, Malaysia, Singapore, Sudan, Indonesia, New Zealanf, Kuwait, India, Pakistan and Bangladesh.

  • IFHubEd5_income_inequality_reduction_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • According to the World Bank Statistics (2012) more than 80% of the world's population live in countries where income inequality is very wide. The latest Oxfam report shows that the richest 1% of the world population holds over 50% of the world's wealth. This means that 62 richest people own an estimated wealth of US$1.76 trillion which is equivalent to the wealth of 3.5 billion people who make the poorest half of the world population (2015). The failure of the capitalist system in reducing this income inequality encourages economists to provide justification for this huge gap between the rich and the poor. Some economists believe that the main causes of this income inequalities is due...

Assoc. Prof. Dr. Magda Ismail Abdel Mohsin
author picture
Qualification: Ph.D.in Islamic Economic- Islamic Civilisation, International Islamic University of Malaysia (IIUM), Malaysia. (2003)
Fields/Area of Specialization: Islamic Economies and Finance
Before joining INCEIF, Assoc. Prof. Dr. Magda Ismail Abdel Mohsin served as a lecturer in a higher learning institution, International Islamic College Malaysia (IICM) where she was appointed as Deputy Head of Economic and Quantitative Programme, and Deputy Chief Executive Officer. She holds a Ph.D. in Islamic Civilisation (Islamic Economics) from the International Islamic University Malaysia, having completed her Masters in Economics from the same university. Her area of expertise includes Islamic economies and finance.
Showing results 1 to 20 of 61
  • a_fresh_view_on_zakah_as_socio-financial_tool_to_promote_ethics_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2020)

  • Current statistical data shows that almost all Muslim countries are facing economic and social problems such as the spread of poverty, mounting outstanding external debt due to compound interest and widespread unethical behaviour. Some contemporary scholars relate these problems to the oppression and the crippling policies of former colonial administrations, while others point to the governmental incompetence and corruption that triggered the last Arab spring. However, this paper contends that although the above mentioned issues may have served as catalysts that led to the worsening of socio-economic situation in many countries, the main reason for the overwhelming problems plaguing M...

  • The_institution_waqf_innovative_financial_tool_socio_economic_development_Magda_Aishath.jpg.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2020)

  • The book is written to meet the needs of students studying waqf and those who are keen to study modes of Islamic social finance. Part of this book maybe useful to those studying Islamic economics at the undergraduate and postgraduate levels. Apart from students, this book can be used by professionals to refresh and update their knowledge about the subject and implement Islamic social finance via waqf practically. This book is arranged in a way that helps readers understand pertinent areas of the topic in a comprehensive manner.

  • Integration_Islamic_philanthropic_economic_services_alleviation_poverity_case_affordable_housing_Magda et al.pdf.jpg
  • Journal Article


  • Authors: Sadr, Seyed Kazem; Alhabshi, Syed Othman; Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2020)

  • This paper argues that the goal of poverty alleviation and a decent standard of living is not attainable in Muslim communities unless the economic and social services of the Islamic philanthropic institutes are integrated and a full-fledged collaboration would be resumed among the managing boards. The first part of the paper will examine why Muslims participate in altruistic giving and what are the alternative forms of contributions that are provided by Shariah of Islam. The second part will review the potential and actual contributions of the said Islamic benevolent giving for poverty eradication and well-being of low and vulnerable income families. The third and concluding part will...

  • Power_alleviating_poverty_Magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2020)

  • The recent statistical data on poverty shows that most of the people who live below the poverty line are found in Muslim countries. For example, the total population who are living below poverty line in Algeria is 25%, in Egypt 25.2%, in Bangladesh 26%, in Syria 35.2%, in Afghanistan 35.8%, in Pakistan 36.3%, in Nigeria 46%, in Sudan 46.5%, in Chad 46.7%, in Senegal 46.7%, in Yemen 54% and in Somalia 73%. Some scholars relate this poverty to the oppression, humiliation and bad policies which had been imposed in almost all Muslim countries during colonization and have continued up to the present time. Others relate this to the incompetence and the corruption on the part of their govern...

  • item.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Maruf, Aminuddin (2020)

  • Historically speaking, waqf has played a remarkable role in economic growth and development of Muslim countries. Recently, the call for productive waqf has grown widely and its implementation shows significant impact in various Muslim societies. Interestingly, the revival of idle waqf properties and the creation of cash waqf are becoming economic drivers that will improve the welfare of Muslim societies. It is also surprising to discover the creation of waqf cities in different types such as the Hamdard Waqf City of Health in India, Pakistan and Bangladesh, Al-Rahmah Complex City in Somaliland and Darussalam Gontor Smart Waqf City for Education in Indonesia. The main objective of this...

  • Economic_social_impacts_sovereign_sukuk_Magda et al.jpg.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Ishraga, Khattab; Alchaar, Mhd Osama (2020)

  • This chapter explores the economic and social impacts of sovereign sukuk in Sudan and its unique challenges. The first of its kind, this research collected primary data from different groups of investors of Sudanese governmental sukuk. Adopting a qualitative approach (interview questions and open and closed-ended surveys), four sets of questions were distributed to four groups (individual investors, institutional investors, government officials, and academics). The survey found that despite sukuk's influence in activating the economy and financial markets, and encouraging savings awareness, the market in Sudan is facing many challenges. Accordingly, it is recommended that sukuk issuan...

  • sukuk_shehama_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Sukuk shehama is a financial instrument that has only recently emerged. It is a form of government-issued Islamic bond (sukuk) based on musharakah which is found in Sudan but can be easily replicated in any other country. Each certificate carries a nominal value that is calculated in dinars and represents a share of the net investment allocated by the government for this purpose from the selected investment units. Shehama certificates are issued at different times from 6 months to one year. These certificates are issued in multiple categories 50 thousand dinars - 100 thousand dinars - 200 thousand dinars - 500 thousand dinars so that different categories of investors can buy any numb...

  • waqfintech_sustainable_socio-economic_development_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • This paper aims to discuss the use of financial technology in waqf (Islamic endowment) for funding religious and social causes. It is believed that waqfintech could reach a wider audience and benefit more people in need through the use of innovative financial technology like crowdfunding and blockchain. The main objective of this paper is to introduce the concept of waqfcrowd and waqfcoin as a means of collecting and managing waqf in the digital age. Waqf institutions can thus take advantage of technological innovation to utilise the convenience and efficiency offered by financial technology. This is a conceptual paper which reviews the relevant literature regarding waqf and financial...

  • integrating waqf crowfunding into the blockchain_magda_aishath.jpg.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2019)

  • Looking at current global reports, it seems that half of the world's population is suffering economically and socially. According to the most recent estimates, in 2013, 10.7 per cent of the world's population (767 million people) lived on less than US$1.90 a day (World Bank|Poverty Overview 2018). Moreover, millions of people lack adequate shelter and access to portable water, health services and education and suffer from extreme hunger (Shah 2013). Muslim countries are not exceptional, even though many anti-poverty programmes have been implemented, yet the Islamic Development Bank reported that 351.2 million people are living on less than $1.25 a day (SESRIC - Statistical, Economic a...

  • evolution_of_waqf_practices_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Waqf (plural awqaf) is a continuous charitable endowment given away for the goodwill. Once created, it must stay permanently to finance different needs for the next generation. Waqf can be defined as "the confinement of a property (movable or immovable) by a founder(s) and the dedication of its usufruct in perpetuity for the wellbeing of societies for generations to come". The inherent perpetuity of waqf gives its flexibility to accommodate the arising needs of Muslim societies throughout centuries. As such, it is seen as an institution with an immense potential for economic and social reform (MIFC, 2015).

  • brief_history_waqf_Islamic_socio-financial_insttuton_philanthropic_endowment_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Abu Hurairah (May Allah be pleased with him) reported Allah's Messenger (PBUH) as saying: When a man dies his acts come to an end, except three things, recurring charity, or knowledge (by which people benefit), or pious offspring, who pray for him. (Sahih Muslim). Looking at the economic situation of Muslim countries today in terms of their high unemployment rate, high illiteracy rate, lack of healthcare, inadequate transport facilities, the spread of poverty and the low level of food production encourages the author to look at the institution of waqf more profound as an authentic socio-financial tool to help minimize such problems. This raises the following questions; what role did t...

  • Waqf_shares_a_fundraising_scheme_for_community_development_projects_and_humanitarian_magda.PDF.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf-share scheme is a 21st century Islamic social finance tool that has been used successfully in Muslim and Muslim-minority countries (Cizakca, 2000). It is a fundraising scheme organized by a charitable institution that issues "waqf-shares" for sale to different contributors for various projects. Since a waqf-share is a movable waqf, it has to follow the strict conditions of waqf in terms of its irrevocability, its inalienability, and its perpetuity. This means that contributors cannot sell or transfer their waqf shares; they can only receive and hold a waqf-share certificate as evidence of theircontributions to the project if the created waqf is public waqf.

  • waqf_share_schemes_and_you_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf share scheme is one of the most versatile Islamic social finance tools that have emerged in the 21st century, and has been practised in many Muslim and Muslim-minority countries, according to Dr Murat Cizakca, Professor, Comparative Economics History, Global.

  • problem_based_learning_in_an_online_collaborative_environment_magda_et_al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Jamaludin, Fathaiya; Ismail Abdel Mohsin, Magda; Benhadria, Mokhtar (2018)

  • Today, teaching and learning environment extends beyond the walls of the traditional classroom. Advances in technology have made it possible for new possibilities and opportunities in open and distance learning. The modern education industry across the world has recognized the need to incorporate digital technology into the classroom and course curriculum. On that note, the skills needed to be successful today, therefore, (Partnership for 21st Century Learning, 2007) are much different than those expected a decade ago.

  • item.jpg
  • Master


  • Authors: Azganin, Hassan (2018)

  • Cash waqf has the potential to alleviate social issues and to enable awqaf organizations developing idle waqf properties and hence eliminating such problem. This can be achieved if the financial technologies solutions are embedded in waqf system. Thus, awqaf properties are facing several challenges when it comes to fundraising and transparency that we aim to resolve to efficiently ease its implementation. The main purpose of this study is to explore the potential of crowdfunding and blockchain technology in solving fundraising and transparency. This study adopts a qualitative method using semi-structured interviews with five experts and academicians in fintech and Islamic finance, mor...

  • Waqfcoin_an_innovation_to_serve_humanity_magda_aishath.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2018)

  • Serving humanity must be an objective of all human beings. There are many ways in which humanity can be served. One of the most convenient ways to do this is via donation. The most critical challenge facing the donors is uncertainty in knowing whether the donation is spent on the intended purpose. The lack of transparency by trustees managing donation funds have created lack of trust among the donors when it comes to donating for humanity. The Islamic concept of Waqf in which donations are made for noble causes faces the same issue as well. This is the main reason why Waqf is declining in today's era, where finding donors is a challenge. According to reports, Singapore-based fintech f...

  • sudan_academy_banking_financial_sciences_vision_hub_Islamic_finance_africa_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Khattab, Ishraga; Alchaar, Mhd Osama (2017)

  • The practice of Islamic banking has become a fast growing and widespread phenomenon, not only in the Muslim countries, but also in the Non-Muslim countries too, such as UK, USA, Canada and Singapore. The transformation from a conventional form of banking to a banking system based on interest-free banks has generated a great deal of interest to call for Human Capital Development in the field to ensure sustainability, good performance and good competitive market in the Islamic financial industry. Even though Sudan is the pioneer in taking the initiative of Islamizing its financial industry since 1980s, yet we realized that other countries are taking the leading international and regiona...

  • potential_for_wealth_creation_from_waqf_assets_magda_shaikh_hamzah.JPG.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • Charitable bequest as an endowment (waqf) is one of the wealth redistribution measures encouraged in Islam to bridge the gap between the haves and the have-nots. Such investments create flows of income/services of a charitable nature, in most cases, after the death of the endowers. Even though it is voluntary in nature, it is means to provide a continuous service to the needy in society and ensures a just and equitable distribution of wealth, and a means to seek God's blessings here and in the here-after. The title is on order.

  • financing_galvanizing_IDLE_waqf_properties_into_income_generating_properties_shaikh_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • The main objective of this study is to present the current successful cases in making a revolution reform of the old and idle waqf properties into income generating properties in Muslim and Muslim minority countries. These reforms include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the mass, taking care of the health of the people, and sheltering the poor and needy in the different countries. Case under studies are: Turkey, Malaysia, Singapore, Sudan, Indonesia, New Zealanf, Kuwait, India, Pakistan and Bangladesh.

  • IFHubEd5_income_inequality_reduction_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • According to the World Bank Statistics (2012) more than 80% of the world's population live in countries where income inequality is very wide. The latest Oxfam report shows that the richest 1% of the world population holds over 50% of the world's wealth. This means that 62 richest people own an estimated wealth of US$1.76 trillion which is equivalent to the wealth of 3.5 billion people who make the poorest half of the world population (2015). The failure of the capitalist system in reducing this income inequality encourages economists to provide justification for this huge gap between the rich and the poor. Some economists believe that the main causes of this income inequalities is due...