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 50
  • case_study_waqf_shares_financing_through_movable_waqf_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2011)

  • Historically speaking the institution of waqf, which is a non-governmental organization (NGOs), has played a significant role throughout Islamic history, from the time of the Prophet (pbuh) to the beginning of the 19th century. Although this institution existed before the coming of Islam, yet, Islam was the first religion to develop its legal framework and regulate it. Thus, it became one of the devices created by Muslims to fulfill many services that are financed by the state or the government today, such as education, healthcare, national security, transportation facilities, basic infrastructure, food, shelter, and jobs for many. It acted like a network, penetrating many service sec...

  • cash_waqf_new_financial_product_cover.jpg.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda (2009)

  • This book will be a valuable addition to the growing literature on this finance subject. In the book, an attempt is made to explain the concept of cash-waqf, its mechanism, operations and management in the light of Shariah. As the book deals with both theory and application of the cash-waqf concept in Muslim countries as well as in non-Muslim countries, it will serve as a basis for further research work.

  • corporate_waqf_vehicle_islamic_microfinance_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015)

  • Ever since the 1970s, microfinance has become one of the schemes for poverty eradication and economic redevelopment strategies around the world. The main objective of this microfinance scheme is to eradicate poverty through financing the unemployed or low-income individuals or groups who are usually outside the formal banking system. Later on after the 1970s, millions of people from different countries, including Muslim countries, were accessing services from formal and semi-formal microfinance institutions (MFIs). All of a sudden, it has become a vast global industry involving a large number of governments, financial institutions and non-governmental organizations (NGOs) aiming to er...

  • corporate waqf from principle to practice_magda.pdf.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda (2014)

  • The institution of waqf is a historical institution adopted and developed by Muslims to get closer to Allah (s.w.t.) by providing different services to their societies and communities. This institution provides many goods and services such as education, healthcare, national security, different kinds of agricultural and industrial products, transportation facilities and basic infrastructure without any cost to the government. However, the last century, namely at the end of the Ottoman Empire, witnessed the destruction of this institution and its role was replaced and carried out by the governments in the Muslim countries, a move that exhausted the government's budget. Available in p...

  • developing_sustainable_social_benefit_scheme_hard_core_poor_using_IF.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda (2016)

  • The slides highlight: 1) the objective of the paper - 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 an ethical and a just way; 2) current scenario/global poverty; 3) zakah financial institutions and products; 4) sadaqah financial institutions; 5) financial products under waqf.

  • item.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2009)

  • Historically speaking, the institution of waqf, a redistribution institution and a non-profit institution, played a remarkable role in developing the Islamic societies as well as in assisting the Islamic State in providing all the essential services as it; supported the health and the educational sectors, supplied the basic infrastructures, provided jobs, enhanced the commercial business activities, provided food for the hunger, sheltered the poor and the needy, besides supporting the agricultural and industrial sectors, without any cost to government. However, this role had been deteriorated since the end of the 19th century up to the present time as the governments in the different ...

  • item.jpg
  • Master


  • Authors: Muhammad, Hameedah (2016)

  • Studies of Islamic micro finances, sustainability and its development are an important thought in the Islamic finance arena. The global socio economic problems are in increasing motions provoking the betterment of the Muslim Ummah and society in general, resulted in widening the gap between the poor and the rich. Muslim Ummah in the need for an economy that will bridge the gap among the strata of society. Hence, Islamic Micro finance considered as an alternative Shariah compliant tool for Muslims to distribute their wealth in a way that will produce a productive nation. However, studies showed that due to the lack of sufficient fund in IMFIs, the institution had the minimum reach if c...

  • 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.

  • financing_development_old_waqf_properties.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • The slides highlight: 1) definition of waqf; 2) current scenation of waqf; 3) transforming old waqf properties into productive waqf.

  • 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.

  • financing_through_cash_waqf_revitalization_finance_different_needs_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2013)

  • Recently the revival of the institution of waqf took a movable form especially in terms of the creation of cash waqf which found its ways as one of the financial institutions financing different goods and services in the different countries. In an attempt to enrich the literature on this area, this study is an extension to the authors' work, focusing mainly on the different goods and services provided by different cash waqf schemes in Muslim and Muslim minority countries without depending on the government to provide their needs. The paper aims to discuss these issues. This study uses data collected from primary sources including text from the Hadith, while data collected from seconda...

  • giving_back_cash_waqf_malaysia_magda_2010.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2010-01-01)

  • The institution of waqf, or an Islamic foundation, has played a significant role throughout Islamic history, from the time of the Prophet (pbuh) to the present time. Although this institution existed before the coming of Islam, Islam was the first religion to develop its legal system and to regulate it. It became the main device created by Muslims to facilitate most social services such as education, health care, national security, transportation facilities, basic infrastructure, etc., without any cost to the government. Recently, the creation of new waqf has concentrated mainly on movable waqf, i.e., cash waqf.

  • hybrid_model_zakah_Waqf_Qard-hassan_magda_othman.PDF.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Alhabshi, Syed Othman (2016)

  • The failure of interest based programmes, such as micro-finance and anti-poverty programmes, in assisting the destitute, eradicating poverty and reducing income inequality encouraged the authors to study in depth the alternative financial institutions to interest/riba that can solve such problems rather than harming individuals, communities, societies and countries. This raises the question of whether the different Islamic financial institutions can eradicate poverty, reduce inequalities and provide microfinance with zero-interest. The answer to this will be presented throughout this paper.

  • 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....

  • 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...

  • 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.

  • islamic_case_study_zakah_alleviating_poverty_through_tax_rebate_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Saiti, Buerhan (2011)

  • From a mere glance at Muslim countries today, we realize that they are classified as third world countries even though they are adopting a secular system. The recent statistical data of 2009 shows that the majority of people who live below poverty are found in Muslim countries such as; Afghanistan 53%, Eritrea 50%, Yemen 45%, Bangladesh 45%, Sudan 40%, Pakistan 24%, Algeria 23%, Egypt 20%, Turkey 20%, and Indonesia 18%. Some scholars related this fact to the oppression, humiliation and the bad policies which had been imposed to almost all Muslim countries during colonization and which continued up to the present time. Others related this to the incompetence and the corruption on the p...

  • Islamic_finance_from_education_to_implementation_INCEIF_behind_industrys_best_talents_magda_ismail_2011.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2011)

  • The practice of Islamic banking has become a fast growing and widespread phenomenon, not only in the Muslim countries, but also in non-Muslim countries as well, such as the UK, US, Switzerland, and Singapore. The transformation from a conventional form of banking to a banking system based on interest-free finance has generated a great deal of interest in terms of calling for human capital development in the field to ensure sustainability and good performance in the Islamic financial industry. With its announcement as a leading international and regional hub for Islamic finance, Malaysia has become one of the Muslim countries which had placed strong focus on human capital development i...

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 50
  • case_study_waqf_shares_financing_through_movable_waqf_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2011)

  • Historically speaking the institution of waqf, which is a non-governmental organization (NGOs), has played a significant role throughout Islamic history, from the time of the Prophet (pbuh) to the beginning of the 19th century. Although this institution existed before the coming of Islam, yet, Islam was the first religion to develop its legal framework and regulate it. Thus, it became one of the devices created by Muslims to fulfill many services that are financed by the state or the government today, such as education, healthcare, national security, transportation facilities, basic infrastructure, food, shelter, and jobs for many. It acted like a network, penetrating many service sec...

  • cash_waqf_new_financial_product_cover.jpg.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda (2009)

  • This book will be a valuable addition to the growing literature on this finance subject. In the book, an attempt is made to explain the concept of cash-waqf, its mechanism, operations and management in the light of Shariah. As the book deals with both theory and application of the cash-waqf concept in Muslim countries as well as in non-Muslim countries, it will serve as a basis for further research work.

  • corporate_waqf_vehicle_islamic_microfinance_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015)

  • Ever since the 1970s, microfinance has become one of the schemes for poverty eradication and economic redevelopment strategies around the world. The main objective of this microfinance scheme is to eradicate poverty through financing the unemployed or low-income individuals or groups who are usually outside the formal banking system. Later on after the 1970s, millions of people from different countries, including Muslim countries, were accessing services from formal and semi-formal microfinance institutions (MFIs). All of a sudden, it has become a vast global industry involving a large number of governments, financial institutions and non-governmental organizations (NGOs) aiming to er...

  • corporate waqf from principle to practice_magda.pdf.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda (2014)

  • The institution of waqf is a historical institution adopted and developed by Muslims to get closer to Allah (s.w.t.) by providing different services to their societies and communities. This institution provides many goods and services such as education, healthcare, national security, different kinds of agricultural and industrial products, transportation facilities and basic infrastructure without any cost to the government. However, the last century, namely at the end of the Ottoman Empire, witnessed the destruction of this institution and its role was replaced and carried out by the governments in the Muslim countries, a move that exhausted the government's budget. Available in p...

  • developing_sustainable_social_benefit_scheme_hard_core_poor_using_IF.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda (2016)

  • The slides highlight: 1) the objective of the paper - 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 an ethical and a just way; 2) current scenario/global poverty; 3) zakah financial institutions and products; 4) sadaqah financial institutions; 5) financial products under waqf.

  • item.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2009)

  • Historically speaking, the institution of waqf, a redistribution institution and a non-profit institution, played a remarkable role in developing the Islamic societies as well as in assisting the Islamic State in providing all the essential services as it; supported the health and the educational sectors, supplied the basic infrastructures, provided jobs, enhanced the commercial business activities, provided food for the hunger, sheltered the poor and the needy, besides supporting the agricultural and industrial sectors, without any cost to government. However, this role had been deteriorated since the end of the 19th century up to the present time as the governments in the different ...

  • item.jpg
  • Master


  • Authors: Muhammad, Hameedah (2016)

  • Studies of Islamic micro finances, sustainability and its development are an important thought in the Islamic finance arena. The global socio economic problems are in increasing motions provoking the betterment of the Muslim Ummah and society in general, resulted in widening the gap between the poor and the rich. Muslim Ummah in the need for an economy that will bridge the gap among the strata of society. Hence, Islamic Micro finance considered as an alternative Shariah compliant tool for Muslims to distribute their wealth in a way that will produce a productive nation. However, studies showed that due to the lack of sufficient fund in IMFIs, the institution had the minimum reach if c...

  • 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.

  • financing_development_old_waqf_properties.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • The slides highlight: 1) definition of waqf; 2) current scenation of waqf; 3) transforming old waqf properties into productive waqf.

  • 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.

  • financing_through_cash_waqf_revitalization_finance_different_needs_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2013)

  • Recently the revival of the institution of waqf took a movable form especially in terms of the creation of cash waqf which found its ways as one of the financial institutions financing different goods and services in the different countries. In an attempt to enrich the literature on this area, this study is an extension to the authors' work, focusing mainly on the different goods and services provided by different cash waqf schemes in Muslim and Muslim minority countries without depending on the government to provide their needs. The paper aims to discuss these issues. This study uses data collected from primary sources including text from the Hadith, while data collected from seconda...

  • giving_back_cash_waqf_malaysia_magda_2010.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2010-01-01)

  • The institution of waqf, or an Islamic foundation, has played a significant role throughout Islamic history, from the time of the Prophet (pbuh) to the present time. Although this institution existed before the coming of Islam, Islam was the first religion to develop its legal system and to regulate it. It became the main device created by Muslims to facilitate most social services such as education, health care, national security, transportation facilities, basic infrastructure, etc., without any cost to the government. Recently, the creation of new waqf has concentrated mainly on movable waqf, i.e., cash waqf.

  • hybrid_model_zakah_Waqf_Qard-hassan_magda_othman.PDF.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Alhabshi, Syed Othman (2016)

  • The failure of interest based programmes, such as micro-finance and anti-poverty programmes, in assisting the destitute, eradicating poverty and reducing income inequality encouraged the authors to study in depth the alternative financial institutions to interest/riba that can solve such problems rather than harming individuals, communities, societies and countries. This raises the question of whether the different Islamic financial institutions can eradicate poverty, reduce inequalities and provide microfinance with zero-interest. The answer to this will be presented throughout this paper.

  • 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....

  • 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...

  • 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.

  • islamic_case_study_zakah_alleviating_poverty_through_tax_rebate_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Saiti, Buerhan (2011)

  • From a mere glance at Muslim countries today, we realize that they are classified as third world countries even though they are adopting a secular system. The recent statistical data of 2009 shows that the majority of people who live below poverty are found in Muslim countries such as; Afghanistan 53%, Eritrea 50%, Yemen 45%, Bangladesh 45%, Sudan 40%, Pakistan 24%, Algeria 23%, Egypt 20%, Turkey 20%, and Indonesia 18%. Some scholars related this fact to the oppression, humiliation and the bad policies which had been imposed to almost all Muslim countries during colonization and which continued up to the present time. Others related this to the incompetence and the corruption on the p...

  • Islamic_finance_from_education_to_implementation_INCEIF_behind_industrys_best_talents_magda_ismail_2011.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2011)

  • The practice of Islamic banking has become a fast growing and widespread phenomenon, not only in the Muslim countries, but also in non-Muslim countries as well, such as the UK, US, Switzerland, and Singapore. The transformation from a conventional form of banking to a banking system based on interest-free finance has generated a great deal of interest in terms of calling for human capital development in the field to ensure sustainability and good performance in the Islamic financial industry. With its announcement as a leading international and regional hub for Islamic finance, Malaysia has become one of the Muslim countries which had placed strong focus on human capital development i...