Assoc. Prof. Dr. Shaikh Hamzah Shaikh Abdul Razak
Qualification:Doctor of Business Administration, Universiti Sains Malaysia (USM), Malaysia (2006).
Fields/Area of Specialization:TakafulWealth Planning and Management
Dr Shaikh Hamzah Abdul Razak is currently an Assistant Professor, Professional Studies at INCEIF. He holds a DBA from University Science Malaysia. He also holds a Master in Business Administration from University of Central Missouri State (formerly Central Missouri State University), a Bachelor in Science (Finance) from Northern Illinois University, Dekalb, Illinois USA, as well as a Diploma in Banking from UiTM (formerly ITM) Shah Alam, Malaysia. While pursuing his DBA at USM, he was a part-time lecturer teaching Corporate Finance at Center of Distance Learning University Science Malaysia. Prior to joining INCEIF, Dr Shaikh Hamzah was a Branch Manager for Malayan Banking Berhad and upon leaving the bank; he managed his own Insurance Agency under AIA Penang. His research interest is in the area of wealth management, specifically in inheritance, fara’id, takaful as well as ethics.

Content Distribution

ABSTRACTS VIEWS

1725

VIEWS & DOWNLOAD

277

Top Country : Malaysia

Showing results 1 to 20 of 31
  • comparison_methodologies_shariah_stock_screening_shar_za.pdf.jpg
  • Journal Article


  • Authors: Ismail Zakri, Aida Shaiza; Shaikh Abdul Razak, Shaikh Hamzah; Mohd Tahir, Zainal Abidin (2018)

  • On average the Islamic finance industry has grown by almost 20% per annum, a compound annual growth rate of 17% from 2009 to 2013 (IFSB, 2013) with its current assets estimated to be worth USD 2 trillion and is set to reach USD 5 trillion in year 2020. This paper aims to analyse three Shari'ah screening methodologies namely Securities Commission (Malaysia), FTSE NASDAQ Dubai Shari'ah Index Series and the Dow Jones Islamic Market Indices. A sample of 30 companies comprising Shari'ah and non-Shari'ah stocks invested by the Malaysian institutional funds were analysed. Our analysis shows that out of the 30 samples stocks, only eight companies passed the screening using the criteria of the...

  • Efficiency_and_bank_margins_a_comparative_analysis_of_Islamic_and_conventional_banks_in_Yemen_fekri_et_al.pdf.jpg
  • Journal Article


  • Authors: Shawtari, Fekri Ali; Abdul Kareem, Mohamed Ariff; Shaikh Abdul Razak, Shaikh Hamzah (2018)

  • This paper examines the determinants of bank margins' in the Yemeni banking sector for Islamic and conventional banks. The first objective is to investigate whether there is a significant difference between the margins of conventional and Islamic banks. The second objective is to examine whether efficiency represents an influential factor in determining bank margins for Islamic and conventional banks controlling for other micro and macro variables. The study finds that the overall bank margin in Yemen has steadily decreased during the observation period with the exception of the year 2011. The parametric and non parametric results show that the bank margins are significantly higher fo...

  • Islamic_wealth_redistribution_and_management.pdf.jpg
  • Chapter in Book


  • Authors: Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • Wealth management, both conventional and Islamic, is usually associated with private banking that serves the financial needs of the relatively wealthy. Maude (2006) defines it as "financial services provided to wealthy clients, mainly individuals and their families", while Mindel and Sleight (2010) look at four key areas of wealth management, namely investments and wealth accumulation, retirement and retirement income, wealth and lifestyle protection, and wealth inheritance ... Available in physical copy only (Call Number: HG 3368 A6 I82Mo)

  • 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.

  • IF_Hub_Issue_2_ Impact_efficiency_on_discretionary_finance_loss_provision_Fakri_Buerhan_ShaikhHamzah_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shawtari, Fekri Ali; Saiti, Buerhan; Shaikh Abdul Razak, Shaikh Hamzah; Abdul Kareem, Mohamed Ariff (2017)

  • The issues of earning management has received attention from practitioners and academicians since the last couple of decades in banking sector. It is evident that bank managers practice the discretion in estimating loan/finance loss provisions for various motives such as reducing earnings variability (Agarwal, Chomsisengphet, Liu & Rhee, 2007; Kanagaretnam, 2004). Majority of the studies have been focusing on conventional banks, and only a few studies have focussed on Islamic banks, for instance, Zoubi and Al-Khazali (2007) and Othman and Mersni (2014). The significance of examining the issues in the context of Islamic banks stems from the fact that Islamic banks should not manage the...

  • the_impact_of_Islamic_microfinance_in_enhancing_the_well_being_and_quality_of_life_shaikh.pdf.jpg
  • Journal Article


  • Authors: Quraisy, Muhammad; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • All human beings in this world deserve a better physical and social well-being particularly the quality of life. By having proper well-being and quality of life, the advancement of individual's physical and mental aspect can be assured. This balanced individual will form a stable family unit and later on contribute to a dynamic community in a bigger social entity. However, in order to enhance both physical well-being (PWB) and social well-being (SWB) as well as to attain a good quality of life (QoL), a social disease called poverty must be eliminated. In Indonesia, Islamic Financial Cooperative which is known as Baitul Maal wat Tamwil (BMT) has been influential in enhancing the partic...

  • Role_of_Islamic_microfinance_institution_in_poverty_alleviation_Quraisy_Shaikh_Syed Othman.pdf.jpg
  • Academic Proceeding


  • Authors: Quraisy, Muhammad; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • All human beings in this world deserve a better physical and social well-being particularly the quality of life. By having proper quality of life, the advancement of individual's physical and mental aspect can be assured. As such, the chronic social disease called poverty must be expelled. In Indonesia, Islamic Financial Cooperative which is known as Baitul Maal wat Tamwil (BMT) has been influential in alleviating poverty by providing financing access and social development programs to the poor, low income and the un-bankable. This paper purports to show that Islamic Microfinance Institution (IsMFI) particularly BMT has contributed towards poverty alleviation as well as enhancement of...

  • inclusion of islamic social financial institutions_magda et al.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah; Alhabshi, Syed Othman; Seyed Sadr, Seyed Kazem (2017)

  • The hard core poor are neither bankable nor covered against risks. Whilst micro-finance seems to solve financial inclusion for this group to some extent, albeit at very high costs, very little have been done to provide sufficient cover against risks of all sorts for this group. Some attempts at developing micro-takaful are actually in the pipeline, however, very little concrete and practical solutions have emerged so far. It is of course well-known that Islamic Social Financial Institutions (ISFI), namely zakah, waqf, infaq and qard-hassan are meant to directly benefit the less fortunate in society, but little has been done to ensure that they directly benefit from these institutions....

  • 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.

  • PhD_Role_of_Islamic_microfinance_institutions_in_empowering_the_poor_in_Indonesia_Muhammad_Quraisy.pdf.jpg
  • PhD


  • Authors: Quraisy, Muhammad (2017)

  • All the human beings in this world deserve to have a better quality of life. In order to achieve the noble notion, the chronic social disease called poverty must be expelled. It is a multidimensional phenomenon that has defied the social, economic and political landscape of every nation and society in various parts of the world. Thus, there is an urgent need to combat poverty and empowering the poor in order to develop both the physical and social well-being as well as to enhance the quality life of the people. One of the effective and powerful tools to combat poverty is by providing microfinance access to the poor ...

  • item.jpg
  • Master


  • Authors: Ismail, Kamaluddin (2017)

  • There is no 'best fit' business model in takaful. All existing models applied in the present day takaful are akin to fitting square pegs into round holes. Where there are needs to fit in certain aspects of the business models, the practice is to cut off corners around the square pegs to enable the fit, primarily on the basis of maslahah to ensure conformity with the commercial aspirations and objective of the business models. This paper primarily explores the feasibility of ju'alah as the underlying contract in takaful. The ju'alah business model is developed, formulated and validated as to whether it can be an alternative business model in the context of Islamic commercial insurance-...

  • integration_of_Islamic_philanthropic_economic_services_for_alleviation_of_poverty_the_case_of_affordable_housing_magda_et_al.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah; Sadr, Seyed Kazem (2016)

  • The main objective of this paper is to draw the attention to the four remarkable financial institutions which are meant to eradicate poverty, reduces inequalities and narrowing down the gap between the rich and the poor in ethical and just a way. These financial institutions are the zakah, waqf, qard-hassan and interest-free financial institutions.

  • Financing the development of old waqf properties.pdf.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda; Dafterdar, Hisham; Cizakca, Murat; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah; Sadr, Seyed Kazem; Anwar, Thamina; Obaidullah, Mohammed (2016)

  • This book presents successful case studies in Muslim and Muslim minority countries that have revolutionized the redevelopment of idle waqf properties into productive land trusts. The revival of this institution over the last two decades shows the growing optimism in galvanizing the socioeconomic role of waqf by adopting its flexible shariah measures. Innovative ways of financing redevelopment allow Muslims to extend these roles to include new beneficiaries. New uses for these properties include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the masses, providing health care, and sheltering the poor and needy.

  • collusion_islamic_law_inheritance_conventional_distribution_law_shaikhhamzah_2015.pdf.jpg
  • Industry Article


  • Authors: Shaikh Abdul Razak, Shaikh Hamzah (2015-06-26)

  • Islam acknowledges the right of individuals to own wealth and rights of community members and family to get a portion of the wealth. The distribution of wealth is through the system of Charity, Zakat, Hibah and Inheritance (Fara’id/ Mirath). As large numbers of Muslims reside in non-Muslim countries, they have to accept the Civil Law as the paramount law of the country. As such, the distribution of inheritance has caused controversies and fervent debates over the years when the Civil Law takes precedence over Shariah law. Consequently, the problem statement of this paper is to identify the different issues and restrictions in wealth distribution faced by Muslims and reverts living in ...

  • impact_nominal_gdp_inflation_financial_performance_islamic_banks_malaysia_shaikh.pdf.jpg
  • Journal Article


  • Authors: Siew, Chun Hong; Shaikh Abdul Razak, Shaikh Hamzah (2015)

  • The aim of this paper is to analyse the financial performance of Islamic banks in Malaysia measured using ratio analysis of profitability, liquidity, credit risk and impaired financing performance. The study also includes determining the impact of nominal Gross Domestic Product (GDP) and inflation rates on the variables of profitability, liquidity, credit risk and impaired financing performance during the period spanning from year 2007 to year 2011. The result of regression shows that nominal GDP has significant impact on macroeconomic variables such as return on average asset, liquidity ratio and equity to net loans. Therefore, there areonly certain macroeconomic vari...

  • impact_efficiency_discretionary_loans_finance_loss_provision_comparative_study_Islamic_conventional_banks_shaikh_ariff.pdf.jpg
  • Journal Article


  • Authors: Shawtari, Fekri Ali; Saiti, Buerhan; Shaikh Abdul Razak, Shaikh Hamzah; Abdul Kareem, Mohamed Ariff (2015)

  • The paper investigates whether there is a significance difference between the practices of discretionary loan/finance loss provisions between Islamic and conventional banks. Same time, the paper tests whether the efficiency may influence the behaviour of discretionary loans/finance loss provisions, taken into consideration other micro and macro variables. The study utilizes panel data runs over 1996-2011 with unbalanced observations for 16 banks, of which 4 Islamic banks. In order to achieve research objectives, the two-stage approach is adopted to examine the factors that may influence the behaviour of discretionary loan/finance loss provisions with specific emphasize on the efficien...

  • item.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2015)

  • The institution of waqf played a major role in early Islamic civilization it involves every aspect of socio-economic life in the Muslim world for 1300 years. Even though, the last century witnessed its destruction where its role becomes idle, undeveloped and unproductive in almost all Muslim countries, yet its recent revival shows optimism approached in galvanizing its socio-economic role. Through adopting new financial modes it manages to redevelop the old waqf properties into huge towers and buildings an innovation which succeeded inmultiplying the number of the beneficiaries of the old waqf properties.

  • Unlocking waqf properties through traditional and new modes of finance_magda_hamzah.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2015)

  • The institution of waqf played a major role in early Islamic civilization as it involved every aspects of socio-economic life in the Muslim world for 1300 years. Nonetheless, the last century witnessed its destruction where its role becomes idle, undeveloped and unproductive in almost all Muslim countries, yet its recent revival shows optimism in the approach in galvanizing its socio-economic role. Through adopting traditional and new financial modes of finance, the old and idle waqf properties have been successfully redeveloped into modern buildings, an innovation which not only multiply the rewards for the founders but it multiplies the number of beneficiaries who benefited from suc...

Assoc. Prof. Dr. Shaikh Hamzah Shaikh Abdul Razak
author picture
Qualification: Doctor of Business Administration, Universiti Sains Malaysia (USM), Malaysia (2006).
Fields/Area of Specialization: TakafulWealth Planning and Management
Dr Shaikh Hamzah Abdul Razak is currently an Assistant Professor, Professional Studies at INCEIF. He holds a DBA from University Science Malaysia. He also holds a Master in Business Administration from University of Central Missouri State (formerly Central Missouri State University), a Bachelor in Science (Finance) from Northern Illinois University, Dekalb, Illinois USA, as well as a Diploma in Banking from UiTM (formerly ITM) Shah Alam, Malaysia. While pursuing his DBA at USM, he was a part-time lecturer teaching Corporate Finance at Center of Distance Learning University Science Malaysia. Prior to joining INCEIF, Dr Shaikh Hamzah was a Branch Manager for Malayan Banking Berhad and upon leaving the bank; he managed his own Insurance Agency under AIA Penang. His research interest is in the area of wealth management, specifically in inheritance, fara’id, takaful as well as ethics.
Showing results 1 to 20 of 31
  • comparison_methodologies_shariah_stock_screening_shar_za.pdf.jpg
  • Journal Article


  • Authors: Ismail Zakri, Aida Shaiza; Shaikh Abdul Razak, Shaikh Hamzah; Mohd Tahir, Zainal Abidin (2018)

  • On average the Islamic finance industry has grown by almost 20% per annum, a compound annual growth rate of 17% from 2009 to 2013 (IFSB, 2013) with its current assets estimated to be worth USD 2 trillion and is set to reach USD 5 trillion in year 2020. This paper aims to analyse three Shari'ah screening methodologies namely Securities Commission (Malaysia), FTSE NASDAQ Dubai Shari'ah Index Series and the Dow Jones Islamic Market Indices. A sample of 30 companies comprising Shari'ah and non-Shari'ah stocks invested by the Malaysian institutional funds were analysed. Our analysis shows that out of the 30 samples stocks, only eight companies passed the screening using the criteria of the...

  • Efficiency_and_bank_margins_a_comparative_analysis_of_Islamic_and_conventional_banks_in_Yemen_fekri_et_al.pdf.jpg
  • Journal Article


  • Authors: Shawtari, Fekri Ali; Abdul Kareem, Mohamed Ariff; Shaikh Abdul Razak, Shaikh Hamzah (2018)

  • This paper examines the determinants of bank margins' in the Yemeni banking sector for Islamic and conventional banks. The first objective is to investigate whether there is a significant difference between the margins of conventional and Islamic banks. The second objective is to examine whether efficiency represents an influential factor in determining bank margins for Islamic and conventional banks controlling for other micro and macro variables. The study finds that the overall bank margin in Yemen has steadily decreased during the observation period with the exception of the year 2011. The parametric and non parametric results show that the bank margins are significantly higher fo...

  • Islamic_wealth_redistribution_and_management.pdf.jpg
  • Chapter in Book


  • Authors: Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • Wealth management, both conventional and Islamic, is usually associated with private banking that serves the financial needs of the relatively wealthy. Maude (2006) defines it as "financial services provided to wealthy clients, mainly individuals and their families", while Mindel and Sleight (2010) look at four key areas of wealth management, namely investments and wealth accumulation, retirement and retirement income, wealth and lifestyle protection, and wealth inheritance ... Available in physical copy only (Call Number: HG 3368 A6 I82Mo)

  • 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.

  • IF_Hub_Issue_2_ Impact_efficiency_on_discretionary_finance_loss_provision_Fakri_Buerhan_ShaikhHamzah_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shawtari, Fekri Ali; Saiti, Buerhan; Shaikh Abdul Razak, Shaikh Hamzah; Abdul Kareem, Mohamed Ariff (2017)

  • The issues of earning management has received attention from practitioners and academicians since the last couple of decades in banking sector. It is evident that bank managers practice the discretion in estimating loan/finance loss provisions for various motives such as reducing earnings variability (Agarwal, Chomsisengphet, Liu & Rhee, 2007; Kanagaretnam, 2004). Majority of the studies have been focusing on conventional banks, and only a few studies have focussed on Islamic banks, for instance, Zoubi and Al-Khazali (2007) and Othman and Mersni (2014). The significance of examining the issues in the context of Islamic banks stems from the fact that Islamic banks should not manage the...

  • the_impact_of_Islamic_microfinance_in_enhancing_the_well_being_and_quality_of_life_shaikh.pdf.jpg
  • Journal Article


  • Authors: Quraisy, Muhammad; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • All human beings in this world deserve a better physical and social well-being particularly the quality of life. By having proper well-being and quality of life, the advancement of individual's physical and mental aspect can be assured. This balanced individual will form a stable family unit and later on contribute to a dynamic community in a bigger social entity. However, in order to enhance both physical well-being (PWB) and social well-being (SWB) as well as to attain a good quality of life (QoL), a social disease called poverty must be eliminated. In Indonesia, Islamic Financial Cooperative which is known as Baitul Maal wat Tamwil (BMT) has been influential in enhancing the partic...

  • Role_of_Islamic_microfinance_institution_in_poverty_alleviation_Quraisy_Shaikh_Syed Othman.pdf.jpg
  • Academic Proceeding


  • Authors: Quraisy, Muhammad; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • All human beings in this world deserve a better physical and social well-being particularly the quality of life. By having proper quality of life, the advancement of individual's physical and mental aspect can be assured. As such, the chronic social disease called poverty must be expelled. In Indonesia, Islamic Financial Cooperative which is known as Baitul Maal wat Tamwil (BMT) has been influential in alleviating poverty by providing financing access and social development programs to the poor, low income and the un-bankable. This paper purports to show that Islamic Microfinance Institution (IsMFI) particularly BMT has contributed towards poverty alleviation as well as enhancement of...

  • inclusion of islamic social financial institutions_magda et al.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah; Alhabshi, Syed Othman; Seyed Sadr, Seyed Kazem (2017)

  • The hard core poor are neither bankable nor covered against risks. Whilst micro-finance seems to solve financial inclusion for this group to some extent, albeit at very high costs, very little have been done to provide sufficient cover against risks of all sorts for this group. Some attempts at developing micro-takaful are actually in the pipeline, however, very little concrete and practical solutions have emerged so far. It is of course well-known that Islamic Social Financial Institutions (ISFI), namely zakah, waqf, infaq and qard-hassan are meant to directly benefit the less fortunate in society, but little has been done to ensure that they directly benefit from these institutions....

  • 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.

  • PhD_Role_of_Islamic_microfinance_institutions_in_empowering_the_poor_in_Indonesia_Muhammad_Quraisy.pdf.jpg
  • PhD


  • Authors: Quraisy, Muhammad (2017)

  • All the human beings in this world deserve to have a better quality of life. In order to achieve the noble notion, the chronic social disease called poverty must be expelled. It is a multidimensional phenomenon that has defied the social, economic and political landscape of every nation and society in various parts of the world. Thus, there is an urgent need to combat poverty and empowering the poor in order to develop both the physical and social well-being as well as to enhance the quality life of the people. One of the effective and powerful tools to combat poverty is by providing microfinance access to the poor ...

  • item.jpg
  • Master


  • Authors: Ismail, Kamaluddin (2017)

  • There is no 'best fit' business model in takaful. All existing models applied in the present day takaful are akin to fitting square pegs into round holes. Where there are needs to fit in certain aspects of the business models, the practice is to cut off corners around the square pegs to enable the fit, primarily on the basis of maslahah to ensure conformity with the commercial aspirations and objective of the business models. This paper primarily explores the feasibility of ju'alah as the underlying contract in takaful. The ju'alah business model is developed, formulated and validated as to whether it can be an alternative business model in the context of Islamic commercial insurance-...

  • integration_of_Islamic_philanthropic_economic_services_for_alleviation_of_poverty_the_case_of_affordable_housing_magda_et_al.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah; Sadr, Seyed Kazem (2016)

  • The main objective of this paper is to draw the attention to the four remarkable financial institutions which are meant to eradicate poverty, reduces inequalities and narrowing down the gap between the rich and the poor in ethical and just a way. These financial institutions are the zakah, waqf, qard-hassan and interest-free financial institutions.

  • Financing the development of old waqf properties.pdf.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda; Dafterdar, Hisham; Cizakca, Murat; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah; Sadr, Seyed Kazem; Anwar, Thamina; Obaidullah, Mohammed (2016)

  • This book presents successful case studies in Muslim and Muslim minority countries that have revolutionized the redevelopment of idle waqf properties into productive land trusts. The revival of this institution over the last two decades shows the growing optimism in galvanizing the socioeconomic role of waqf by adopting its flexible shariah measures. Innovative ways of financing redevelopment allow Muslims to extend these roles to include new beneficiaries. New uses for these properties include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the masses, providing health care, and sheltering the poor and needy.

  • collusion_islamic_law_inheritance_conventional_distribution_law_shaikhhamzah_2015.pdf.jpg
  • Industry Article


  • Authors: Shaikh Abdul Razak, Shaikh Hamzah (2015-06-26)

  • Islam acknowledges the right of individuals to own wealth and rights of community members and family to get a portion of the wealth. The distribution of wealth is through the system of Charity, Zakat, Hibah and Inheritance (Fara’id/ Mirath). As large numbers of Muslims reside in non-Muslim countries, they have to accept the Civil Law as the paramount law of the country. As such, the distribution of inheritance has caused controversies and fervent debates over the years when the Civil Law takes precedence over Shariah law. Consequently, the problem statement of this paper is to identify the different issues and restrictions in wealth distribution faced by Muslims and reverts living in ...

  • impact_nominal_gdp_inflation_financial_performance_islamic_banks_malaysia_shaikh.pdf.jpg
  • Journal Article


  • Authors: Siew, Chun Hong; Shaikh Abdul Razak, Shaikh Hamzah (2015)

  • The aim of this paper is to analyse the financial performance of Islamic banks in Malaysia measured using ratio analysis of profitability, liquidity, credit risk and impaired financing performance. The study also includes determining the impact of nominal Gross Domestic Product (GDP) and inflation rates on the variables of profitability, liquidity, credit risk and impaired financing performance during the period spanning from year 2007 to year 2011. The result of regression shows that nominal GDP has significant impact on macroeconomic variables such as return on average asset, liquidity ratio and equity to net loans. Therefore, there areonly certain macroeconomic vari...

  • impact_efficiency_discretionary_loans_finance_loss_provision_comparative_study_Islamic_conventional_banks_shaikh_ariff.pdf.jpg
  • Journal Article


  • Authors: Shawtari, Fekri Ali; Saiti, Buerhan; Shaikh Abdul Razak, Shaikh Hamzah; Abdul Kareem, Mohamed Ariff (2015)

  • The paper investigates whether there is a significance difference between the practices of discretionary loan/finance loss provisions between Islamic and conventional banks. Same time, the paper tests whether the efficiency may influence the behaviour of discretionary loans/finance loss provisions, taken into consideration other micro and macro variables. The study utilizes panel data runs over 1996-2011 with unbalanced observations for 16 banks, of which 4 Islamic banks. In order to achieve research objectives, the two-stage approach is adopted to examine the factors that may influence the behaviour of discretionary loan/finance loss provisions with specific emphasize on the efficien...

  • item.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2015)

  • The institution of waqf played a major role in early Islamic civilization it involves every aspect of socio-economic life in the Muslim world for 1300 years. Even though, the last century witnessed its destruction where its role becomes idle, undeveloped and unproductive in almost all Muslim countries, yet its recent revival shows optimism approached in galvanizing its socio-economic role. Through adopting new financial modes it manages to redevelop the old waqf properties into huge towers and buildings an innovation which succeeded inmultiplying the number of the beneficiaries of the old waqf properties.

  • Unlocking waqf properties through traditional and new modes of finance_magda_hamzah.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2015)

  • The institution of waqf played a major role in early Islamic civilization as it involved every aspects of socio-economic life in the Muslim world for 1300 years. Nonetheless, the last century witnessed its destruction where its role becomes idle, undeveloped and unproductive in almost all Muslim countries, yet its recent revival shows optimism in the approach in galvanizing its socio-economic role. Through adopting traditional and new financial modes of finance, the old and idle waqf properties have been successfully redeveloped into modern buildings, an innovation which not only multiply the rewards for the founders but it multiplies the number of beneficiaries who benefited from suc...