Browsing by Author M. Kabir Hassan

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 7 to 16 of 16
  • Impact_of_COVID-19_on_Islamic_social_finance_Aishath et al.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Adel M. Sarea (2021)

  • COVID-19 is considered by some as a 'black swan event', which is a pandemic that is unpredictable, unprepared for, and totally spontaneous (Gubler, 2020). This pandemic is different from four other recent pandemics the world has witnessed within the last 25 years (Gubler, 2020) as its impact has created not only a health crisis, but has led to an economic as well as human crisis brought due to a halt in all major economic activities in the world. The impact of COVID-19 on the sudden increase of poverty is uncontainable. By 12 March 2020, the World Health Organization (WHO) declared COVID-19 a pandemic, as, since December 2019, the disease had been spreading worldwide, putting the worl...

  • The_impact_of_the_Covid-19_pandemic_on_Islamic_finance_Kabir_Aishath_Adel.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Adel M. Sarea (2022)

  • This chapter explores the impact of the pandemic on Islamic commercial finance and Islamic social finance in a comprehensive manner. The chapter reveals that COVID-19 has provided more opportunities to Islamic social finance than Islamic commercial finance. The beauty of Islamic finance in this regard is reflected as the perception that Islamic finance does not achieve its objective as being a social finance is proved to be false as Islamic finance not only promotes profit maximization, but it has also the potential to achieve social objectives. Islamic commercial finance developments could be slower, but it is anticipated that Islamic social modes of financing will be used widely eve...

  • Internationalization_of_zakat_to_serve_humanity_in_the_midst_of_Covid-19_Jemilah_Kabir_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: Jemilah Mahmood; M. Kabir Hassan; Aishath Muneeza (2022)

  • Zakat is an effective Islamic social financial tool that could be used to eliminate global poverty. The pandemic has turned back the world's poverty clock and as such, more work is required to bring equitable and shared prosperity to the world. International organizations that serve humanity could be used as intermediaries of zakat to reach out to those categories of legal recipients of zakat who are most deserved of such assistance, but who are unidentified and unreachable by the zakat organizations. This is with the ultimate objective of enhancing the effectivity of zakat as a social finance tool. However, using international organizations as zakat intermediaries is not a straightfo...

  • Islamic_finance_in_North_America_Aishath_Kabir_Tahsin.pdf.jpg
  • Journal Article


  • Authors: M. Kabir Hassan; Tahsin Huq; Aishath Muneeza (2022)

  • Islamic finance is an alternative source of financing to the conventional financing that emerged via institutionalization in the 1960s. It has gained popularity in the world irrespective of faith convictions due to the universal and ethical principles adhered in the practice of it. In this regard, North America is not an exception. In the United States and Canada, Islamic finance has been adopted, and there is an established regulatory environment for the operation of it with political support. There is also a wide range of innovative Islamic finance products structured and used in this part of the world that is conducive to the demand of the population and regulatory environment of I...

  • Mechanisms_to_handle_default_cases_Islamic_banking_aishath.pdf.jpg
  • Journal Article


  • Authors: M. Kabir Hassan; Aishath Muneeza; Zakariya Mustapha (2021)

  • This research investigates how Islamic banking institutions control default cases and the mechanisms they employ in handling such cases with reference to Malaysian Islamic banking regime. It was conducted on an exploratory design that employed doctrinal approach. Data were sourced from relevant statutes, regulatory guidelines, policy documents and established practices among Islamic banking institutions as well as academic texts that pertain to default cases. The data were examined with legal reasoning and qualitative analysis. The research finds that Islamic banks are prone to default cases and provide internal and external mechanisms to handle such cases in their operations. Though ...

  • Need_to_redefine_Islamic_finance_in_the_light_of_maqasid_al_shariah_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Mehmet Sarac (2021)

  • The history of Islamic finance began with the inception of Islam in the world. However, the modern institutionalization of Islamic finance began in the 1960s with the establishement of the first Islamic bank, Mit Ghamr in Egypt in 1963. prior to this, Islamic finance was practices in isolation at an informal level in communities where Muslims wanted to practice muamalat or commercial matters in accordance with Islamic law. These ad hoc practices were customized as pert the requirement of the societies and the benefits from these practices were enjoyed by Muslims of selected communities. When institutionalization of Islamic began, the compatibility of it with the conventional financial...

  • OIC_economies_during_the_Covid-19_implications_and_recommendations_Kabir_Saeed_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Saeed Awadh Bin-Nashwan; Aishath Muneeza (2022)

  • COVID-19 is a pandemic that is a black swan event that has disrupted the economic activities in the whole world. Organization for Islamic Cooperation (OIC) is the second largest international organization that unites Muslims to collectively protect their interest by having a global platform to voice out their concerns. This is an exploratory research of which the objective is to understand the implication of this pandemic on OIC countries to suggest ways in which pandemic related economic challenges facing these countries could be resolved. This research identifies four key economic challenges faced by the OIC countries: challenges in adapting to new normal in in re-starting the econo...

  • Pandemic_crisis_digitalization_and_social_responsibility_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Ashraf Khan (2021)

  • Islamic economics and finance derived its axioms from Shariah. Irrespective of the faith convictions, Islamic economics and finance has gained momentum in the world today. It is reported that by 2024, the global Islamic finance industry assets will reach USD$3.69 trillion and in 2019, it is estimated that Muslims have spent USD$2.02 trillion on halal sectors inspired by ethical consumption needs while it is anticipated that by 2024, this amount will reach to USD$2.4 trillion at a five-yaer cumulative annual growth rate of 3.1% (Dinar Standard, 2020). It is also forecasted that there will be 8% decrease in global Muslim spending in 2020 due to pandemic on sectors covered by report publ...

  • The_role_of_technology_in_effective_distribution_of_zakat_to_poor_and_needy_Kabir_Aishath.pdf.jpg
  • Academic Presentation


  • Authors: Aishath Muneeza; M. Kabir Hassan (2021)

  • These are the slides presented by Associate Professor Dr. Aishath Muneeza entitled "The role of technology in effective distribution of zakat to poor and needy" at the International Conference on Islamic Finance (ICIF) 2021, Doha, Qatar.

  • Towards_a_post-covid_global_financial_system_Kabir_Aishath_Adel.jpg.jpg
  • Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Adel M. Sarea (2022)

  • The impact of Covid-19 has exposed major cracks in the global financial system and has severely undermined global financial stability. Never have the shortcomings of universal financialization - the dominant principle of the global financial system for the past thirty-odd years - been more obvious or more painful. Islamic finance provides ways forward: based on commercial and social modes of risk-sharing and financing, it offers radical structural solutions to the health, human and financial crises faced in this unprecedented time. In Towards a post-Covid global financial system lessons in social responsibility from Islamic finance, an international team of experts explore how Covid-1...

Browsing by Author M. Kabir Hassan

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 7 to 16 of 16
  • Impact_of_COVID-19_on_Islamic_social_finance_Aishath et al.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Adel M. Sarea (2021)

  • COVID-19 is considered by some as a 'black swan event', which is a pandemic that is unpredictable, unprepared for, and totally spontaneous (Gubler, 2020). This pandemic is different from four other recent pandemics the world has witnessed within the last 25 years (Gubler, 2020) as its impact has created not only a health crisis, but has led to an economic as well as human crisis brought due to a halt in all major economic activities in the world. The impact of COVID-19 on the sudden increase of poverty is uncontainable. By 12 March 2020, the World Health Organization (WHO) declared COVID-19 a pandemic, as, since December 2019, the disease had been spreading worldwide, putting the worl...

  • The_impact_of_the_Covid-19_pandemic_on_Islamic_finance_Kabir_Aishath_Adel.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Adel M. Sarea (2022)

  • This chapter explores the impact of the pandemic on Islamic commercial finance and Islamic social finance in a comprehensive manner. The chapter reveals that COVID-19 has provided more opportunities to Islamic social finance than Islamic commercial finance. The beauty of Islamic finance in this regard is reflected as the perception that Islamic finance does not achieve its objective as being a social finance is proved to be false as Islamic finance not only promotes profit maximization, but it has also the potential to achieve social objectives. Islamic commercial finance developments could be slower, but it is anticipated that Islamic social modes of financing will be used widely eve...

  • Internationalization_of_zakat_to_serve_humanity_in_the_midst_of_Covid-19_Jemilah_Kabir_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: Jemilah Mahmood; M. Kabir Hassan; Aishath Muneeza (2022)

  • Zakat is an effective Islamic social financial tool that could be used to eliminate global poverty. The pandemic has turned back the world's poverty clock and as such, more work is required to bring equitable and shared prosperity to the world. International organizations that serve humanity could be used as intermediaries of zakat to reach out to those categories of legal recipients of zakat who are most deserved of such assistance, but who are unidentified and unreachable by the zakat organizations. This is with the ultimate objective of enhancing the effectivity of zakat as a social finance tool. However, using international organizations as zakat intermediaries is not a straightfo...

  • Islamic_finance_in_North_America_Aishath_Kabir_Tahsin.pdf.jpg
  • Journal Article


  • Authors: M. Kabir Hassan; Tahsin Huq; Aishath Muneeza (2022)

  • Islamic finance is an alternative source of financing to the conventional financing that emerged via institutionalization in the 1960s. It has gained popularity in the world irrespective of faith convictions due to the universal and ethical principles adhered in the practice of it. In this regard, North America is not an exception. In the United States and Canada, Islamic finance has been adopted, and there is an established regulatory environment for the operation of it with political support. There is also a wide range of innovative Islamic finance products structured and used in this part of the world that is conducive to the demand of the population and regulatory environment of I...

  • Mechanisms_to_handle_default_cases_Islamic_banking_aishath.pdf.jpg
  • Journal Article


  • Authors: M. Kabir Hassan; Aishath Muneeza; Zakariya Mustapha (2021)

  • This research investigates how Islamic banking institutions control default cases and the mechanisms they employ in handling such cases with reference to Malaysian Islamic banking regime. It was conducted on an exploratory design that employed doctrinal approach. Data were sourced from relevant statutes, regulatory guidelines, policy documents and established practices among Islamic banking institutions as well as academic texts that pertain to default cases. The data were examined with legal reasoning and qualitative analysis. The research finds that Islamic banks are prone to default cases and provide internal and external mechanisms to handle such cases in their operations. Though ...

  • Need_to_redefine_Islamic_finance_in_the_light_of_maqasid_al_shariah_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Mehmet Sarac (2021)

  • The history of Islamic finance began with the inception of Islam in the world. However, the modern institutionalization of Islamic finance began in the 1960s with the establishement of the first Islamic bank, Mit Ghamr in Egypt in 1963. prior to this, Islamic finance was practices in isolation at an informal level in communities where Muslims wanted to practice muamalat or commercial matters in accordance with Islamic law. These ad hoc practices were customized as pert the requirement of the societies and the benefits from these practices were enjoyed by Muslims of selected communities. When institutionalization of Islamic began, the compatibility of it with the conventional financial...

  • OIC_economies_during_the_Covid-19_implications_and_recommendations_Kabir_Saeed_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Saeed Awadh Bin-Nashwan; Aishath Muneeza (2022)

  • COVID-19 is a pandemic that is a black swan event that has disrupted the economic activities in the whole world. Organization for Islamic Cooperation (OIC) is the second largest international organization that unites Muslims to collectively protect their interest by having a global platform to voice out their concerns. This is an exploratory research of which the objective is to understand the implication of this pandemic on OIC countries to suggest ways in which pandemic related economic challenges facing these countries could be resolved. This research identifies four key economic challenges faced by the OIC countries: challenges in adapting to new normal in in re-starting the econo...

  • Pandemic_crisis_digitalization_and_social_responsibility_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Ashraf Khan (2021)

  • Islamic economics and finance derived its axioms from Shariah. Irrespective of the faith convictions, Islamic economics and finance has gained momentum in the world today. It is reported that by 2024, the global Islamic finance industry assets will reach USD$3.69 trillion and in 2019, it is estimated that Muslims have spent USD$2.02 trillion on halal sectors inspired by ethical consumption needs while it is anticipated that by 2024, this amount will reach to USD$2.4 trillion at a five-yaer cumulative annual growth rate of 3.1% (Dinar Standard, 2020). It is also forecasted that there will be 8% decrease in global Muslim spending in 2020 due to pandemic on sectors covered by report publ...

  • The_role_of_technology_in_effective_distribution_of_zakat_to_poor_and_needy_Kabir_Aishath.pdf.jpg
  • Academic Presentation


  • Authors: Aishath Muneeza; M. Kabir Hassan (2021)

  • These are the slides presented by Associate Professor Dr. Aishath Muneeza entitled "The role of technology in effective distribution of zakat to poor and needy" at the International Conference on Islamic Finance (ICIF) 2021, Doha, Qatar.

  • Towards_a_post-covid_global_financial_system_Kabir_Aishath_Adel.jpg.jpg
  • Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Adel M. Sarea (2022)

  • The impact of Covid-19 has exposed major cracks in the global financial system and has severely undermined global financial stability. Never have the shortcomings of universal financialization - the dominant principle of the global financial system for the past thirty-odd years - been more obvious or more painful. Islamic finance provides ways forward: based on commercial and social modes of risk-sharing and financing, it offers radical structural solutions to the health, human and financial crises faced in this unprecedented time. In Towards a post-Covid global financial system lessons in social responsibility from Islamic finance, an international team of experts explore how Covid-1...