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

2619

VIEWS & DOWNLOAD

392

Top Country : Malaysia

Showing results 1 to 20 of 31
  • 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 ...

  • 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...

  • corporate_governance_maqasid_shariah_empirical_study_management_practices_takaful_operators_Malaysia_shaikhhamzah.pdf.jpg
  • Journal Article


  • Authors: Abu, Nor Zarina; Jasin, Djasriza; Shaikh Abdul Razak, Shaikh Hamzah; Sharif, Kamaruddin (2014)

  • The development of the takaful industry in Malaysia has seen tremendous growth since its inception and has emerged as an important component of the Islamic financial system in Malaysia. Being an Islamic institution, the takaful business has to adhere Islamic rules and regulations, incorporate maqasid shariah, uphold the Islamic corporate governance and at the same time achieve its business goals. This study looks into the current practices of governance of takaful in Malaysia an links it with maqasid Shariah by assessing the three main stakeholders namely, the takaful operators, the takaful agents and the policy holders. Data were elicited through interviews from the respective par...

  • 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...

  • efficiency_assessment_ banking_sector_Yemen_using_data_envelopment_window_analysis_shaikhhamzah.pdf.jpg
  • Journal Article


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

  • The purpose of this paper is to examine the banking industry’s efficiency using the case of Yemen. The paper utilises two-stage analysis to evaluate the efficiency adopting Data Envelopment Window Analysis (DEWA) in the first stage for the period 1996-2011. Furthermore, the paper addresses, in two-dimensional matrix, the stability and efficiency of the banking sector in order to assess their ability for survival. In the second stage, panel data analysis is applied to regress a set of bank-specific and macro-economic variables on the efficiency of the banking sector in Yemen in a comparative fashion between Islamic and conventional banks. The findings of the investigation indicate that...

  • factors_influencing_unethical_behavior_insurance_agents_shaikh.pdf.jpg
  • Journal Article


  • Authors: Haron, Hasnah; Ismail, Ishak; Shaikh Abdul Razak, Shaikh Hamzah (2011)

  • The study investigates the relationships between supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. It also examines how attitudes, perceived behavioral control, subjective norm and moral obligation mediates the relationship of supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. The respondents of the study comprise 246 individual insurance agents. The result of the study shows that there is a relationship between supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. The study found that attitude partially mediates the relationship between supervi...

  • 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 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.

  • 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...

  • 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...

  • 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...

  • 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....

  • 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_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.

  • 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...

  • 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 ... Available in physical copy and downloadable format (Call Number...

  • shariah_governance_framework_gaps_issues_shaikhhamzah.pdf.jpg
  • Journal Article


  • Authors: Ismail, Noor Azian; Shaikh Abdul Razak, Shaikh Hamzah (2014)

  • The ultimately concern of Islamic Financial Institutions is the conduct of their business in accordance to the principles of Shariah. In light of this concern, The Shariah Governance Framework was introduced into the system. The framework outlines the establishment of the Shariah Review, Shariah Risk Management, and Shariah Audit as well as strengthening the roles and responsibilities of Board, Management and the Shariah Committee. The Shariah governance established in an Islamic Financial Institutions adds an additional layer of governance to the existing corporate governance structure of the Institutions. The present article discusses the industry gaps and issues in implementing the...

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
  • 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 ...

  • 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...

  • corporate_governance_maqasid_shariah_empirical_study_management_practices_takaful_operators_Malaysia_shaikhhamzah.pdf.jpg
  • Journal Article


  • Authors: Abu, Nor Zarina; Jasin, Djasriza; Shaikh Abdul Razak, Shaikh Hamzah; Sharif, Kamaruddin (2014)

  • The development of the takaful industry in Malaysia has seen tremendous growth since its inception and has emerged as an important component of the Islamic financial system in Malaysia. Being an Islamic institution, the takaful business has to adhere Islamic rules and regulations, incorporate maqasid shariah, uphold the Islamic corporate governance and at the same time achieve its business goals. This study looks into the current practices of governance of takaful in Malaysia an links it with maqasid Shariah by assessing the three main stakeholders namely, the takaful operators, the takaful agents and the policy holders. Data were elicited through interviews from the respective par...

  • 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...

  • efficiency_assessment_ banking_sector_Yemen_using_data_envelopment_window_analysis_shaikhhamzah.pdf.jpg
  • Journal Article


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

  • The purpose of this paper is to examine the banking industry’s efficiency using the case of Yemen. The paper utilises two-stage analysis to evaluate the efficiency adopting Data Envelopment Window Analysis (DEWA) in the first stage for the period 1996-2011. Furthermore, the paper addresses, in two-dimensional matrix, the stability and efficiency of the banking sector in order to assess their ability for survival. In the second stage, panel data analysis is applied to regress a set of bank-specific and macro-economic variables on the efficiency of the banking sector in Yemen in a comparative fashion between Islamic and conventional banks. The findings of the investigation indicate that...

  • factors_influencing_unethical_behavior_insurance_agents_shaikh.pdf.jpg
  • Journal Article


  • Authors: Haron, Hasnah; Ismail, Ishak; Shaikh Abdul Razak, Shaikh Hamzah (2011)

  • The study investigates the relationships between supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. It also examines how attitudes, perceived behavioral control, subjective norm and moral obligation mediates the relationship of supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. The respondents of the study comprise 246 individual insurance agents. The result of the study shows that there is a relationship between supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. The study found that attitude partially mediates the relationship between supervi...

  • 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 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.

  • 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...

  • 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...

  • 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...

  • 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....

  • 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_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.

  • 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...

  • 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 ... Available in physical copy and downloadable format (Call Number...

  • shariah_governance_framework_gaps_issues_shaikhhamzah.pdf.jpg
  • Journal Article


  • Authors: Ismail, Noor Azian; Shaikh Abdul Razak, Shaikh Hamzah (2014)

  • The ultimately concern of Islamic Financial Institutions is the conduct of their business in accordance to the principles of Shariah. In light of this concern, The Shariah Governance Framework was introduced into the system. The framework outlines the establishment of the Shariah Review, Shariah Risk Management, and Shariah Audit as well as strengthening the roles and responsibilities of Board, Management and the Shariah Committee. The Shariah governance established in an Islamic Financial Institutions adds an additional layer of governance to the existing corporate governance structure of the Institutions. The present article discusses the industry gaps and issues in implementing the...