Browsing by Author Hasan, Zubair

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Showing results 1 to 20 of 32
  • basel_accords_islamic_finance_special_reference_malaysia_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2014)

  • The worldwide colossal failures of financial institutions in the wake of the 2007-2010 financial turmoil the yesteryear advocates of liberalization and privatization converted almost overnight into vocal supporters of raising the safety walls around the interests of various stakeholders, especially the depositors. Admittedly, it was the heightened lure of leverage gains that led the financial institutions to expand credit beyond what the volume and quality of their capital assets warranted without crossing the limits of safety. The devastation led to a focus-shift so to say at the national and international level in finance specifically to capital adequacy that financial institutions ...

  • commodity_murabaha_does_it_violate_Islamic_norms_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2008)

  • Recently commodity murabaha has run into disrepute due to court decisions going against the use of this instrument in Islamic banks. This brief note argues that at fault has been the structure of contracts and the excessive use of the instrument. In principle, commodity murabaha is doubtless rooted deep in the Islamic Shari'ah.

  • credit creation and control_zubair.pdf.jpg
  • Chapter in Book


  • Authors: Hasan, Zubair (2010)

  • Purpose - To reopen for discussion the issue of credit creation and control in the area of Islamic banking. Design/methodology/approach - In view of a rapid expansion of Islamic banking in recent decades, the answer to questions whether Islamic banks can create credit like mainstream banks and, if yes, what methods central banks could use to control it in their case is of paramount importance. An overview of the literature on the subject is provided and credit creation process is explained as background material for the discussion. Findings - The literature on the subject is scanty, controversial and inconclusive. One reason seems to be the mismatch between structural design of Islami...

  • diminishing_balance_model_for_Islamic_home_finance_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2011)

  • This brief note supplements the argument of an earlier paper Islamic Home Financing: Current Models and a Proposal from Social Perspective”; it explains that the Diminishing Balance Model for Islamic home financing is operable in a Shari’ah compliant way even without the Islamic Banking laws accommodating the notion of constructive ownership as envisaged earlier. It further clarifies how the new model scores over the models currently being used for the purpose.

  • dubai_financial_crisis_causes_bailout_after_case_study_hasan.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2010)

  • This paper explains the circumstances that led Dubai to the current financial crisis that still lingers. It analyses the steps taken at various stages by the city state to ameliorate the situation including the bailout help the UAE Government eventually granted. It spotlights the role international rating agencies played in aggravating the situation and demands that their activities be brought under regulatory nets now being strengthened across the world in the context of ongoing global meltdown. Finally, it warns of challenges Dubai may be facing in years ahead and what could be done to pre-empt them. The argument is cast with a backdrop of the economic position of UAE in the Middle-...

  • economics_islamic_orientation_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair (2015)

  • This book, spread over 24 chapters, covers Economics with a greater orientation towards Islamic viewpoints. It is also suitable for students studying the subject in developing economies. The book combines the material of two earlier texts of the author—Macroeconomics (2009) and Fundamentals of Microeconomics (2011). The material has been refined and updated; new explanatory diagrams and illustrations have been included. Available in physical copy only (Call Number: BP 173.75 H344)

  • financing_economic_growth_stability_islamic_perspective_zubair_othman.pdf.jpg
  • Journal Article


  • Authors: Shaukat, Mughees; Hasan, Zubair; Alhabshi, Syed Othman (2014)

  • Evidence has been mounting that the interest-based debt financing regime is under increasing distress. Evidence also suggests that the financial crises, whatever title they carried - exchange rate crisis or banking crisis – have been debt related crises in essence. At present, data suggest that the debt-to-GDP ratio of the richest members of the G-20 is expected to reach 120% mark by 2014. There is also evidence that out of securities worth US$ 200 trillion in the global economy, no less than three-fourth represent interest-based debt. It is difficult to see how this massive debt volume can be validated by the underlying productive capacity of the global economy. This picture becomes ...

  • fundamentals_microeconomics_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair; Lehar, Habibah (2011)

  • This book is cover numerous topics such as demand and supply, market equilibrium, elasticity, consumer choice theory, cost theory, theory of production and many others including one chapter that deals with environmental issues.

  • islamic banking and finance_integrative approach_zubair.pdf.jpg
  • Book


  • Authors: Hasan, Zubair (2014)

  • This book is written to meet the needs of undergraduate students studying business and economics, though parts of it may be useful for students further along the learning curve. Apart from students, the book can also be used by professionals to refresh and update their knowledge and understanding of the subject, to help them carry out their responsibilities more efficiently. In addition, this book provides a comprehensive presentation of topics, including theoretical foundations financial instruments, banking operations, risk management, takaful, and issues relating to the law, regulation and governance. Available in physical copy only (Call Number: HG 187.4 H344)

  • islamic_banks_profit_sharing_equity_credit_control_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2010)

  • This paper deals with three basic issues in Islamic banking: First, how the profit sharing ratios in mudarabah contracts are in principle determined? Second, do the actual sharing ratios result in an equitable division of profit between the banks on the one hand and the depositors on the other? Finally, can the central bank use the profit sharing ratio along with the rate of interest for credit control so as to mitigate leverage lure in a dual banking system? The paper provides a brief explanation as an answer to the first question. The response to the second is negative but is positive to the third. It suggests a policy tool the central banks can possibly use to prevent the sort of c...

  • islamic_finance_education_graduate_level_current_position_challenges_islamic_economic_studies_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2008)

  • Over the past three decades, Islamic finance has been the fastest growing segment of the global financial system. Though it may be expected that education and training have kept pace with this fast growing market, this paper finds that the current state of Islamic finance education at the graduate level is in a very unsatisfactory state. Using Malaysia as an illustrative case, the paper looks at the range, sufficiency and quality of Islamic finance education. It evaluates the current state of Islamic finance education at the graduate level in the context of the overall graduate education in Malaysia and suggests policy measures to meet the future challenges of the Islamic finance educ...

  • islamic_finance_structure_objective_mismatch_consequences_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2010)

  • This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long run vision to improve the condition of the Muslim communities across the world. However, the organizational form adopted for Islamic finance was of the existing commercial banks which provided essentially short-term loans on interest to trade industry and commerce. The choice thus involved an intrinsic mismatch between the structure and objectives of Islamic finance. The mismatch did carry some advantages, but on a more important side it exposed Islamic ...

  • islamic_finance_the_structure_objective.pdf.jpg
  • Chapter in Book


  • Authors: Hasan, Zubair (2014)

  • This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long run vision to improve the condition of the Muslim communities across the world. However, the organizational form adopted for Islamic finance was of the existing commercial banks which provided essentially short-term loans on interest to trade industry and commerce. The choice thus involved an intrinsic mismatch between the structure and objectives of Islamic finance. The mismatch did carry some advantages, but on a more important side it exposed Islamic ...

  • islamic_home_finance_social_mirror_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2011)

  • Shelter is one of the basic needs for human beings. Its availability for the people is an Islamic imperative. In view of the appalling living conditions of a substantial proportion of the population in most countries around the world, especially Muslim, Islamic banks have entered the field with various schemes for home financing. In this infant industry, this effort is understandably guided by the profit motive, but a social dimension has to surface in the course of time. Unfortunately, the models banks currently use for home financing remain under the juridical gaze, more so as the practice is not always found to be transparent. This paper looks at Islamic home financing models in a ...

  • item.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2010)

  • Shelter is one of the basic needs for human beings. Its availability for the people is an Islamic imperative. In view of the appalling living conditions of a substantial proportion of the population in most countries around the world, especially Muslim, Islamic banks have entered the field with various schemes for home financing. In this infant industry, this effort is understandably guided by the profit motive, but a social dimension has to surface in the course of time.Unfortunately, the models banks currently use for home financing remain under the juridical gaze, more so as the practice is not always found to be transparent. This paper looks at Islamic home financing models in a b...

  • islamic_norms_excel_time_value.pdf.jpg
  • Chapter in Book


  • Authors: Hasan, Zubair (2014)

  • This chapter adds to the series of writings on Islamic home financing presented and published by the author on the subject of compounding versus and Islamic Shari'ah-consistent requirement for computation to avoid continuos compounding. It spells out certain normas Islamic banks must observe in home financing, and demonstrates that the conventional time value formula in Excel does not the stated norms. Available in physical copy and ebook (Call Number: HG 3368 A6 R595L)

  • item.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2013)

  • This paper adds to the series of writings on Islamic home financing presented and published by the author since February 2010. It spells out certain norms Islamic banks must observe in home financing and demonstrates that the conventional model based on an Excel formula does not meet the stated norms. It may well be emphasized that in Islam the question of observing these norms arises before, and not after, the selection of the formula; additional juristic requirements may only follow subsequently. Is it not then strange many Islamic banks are using the formula to determine the periodic instalment payments in their home financing programs? The paper finds, for example, the popular Mus...

  • macroeconomics_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair; Lehar, Habibah (2009)

  • This content of this book are spread over eleven chapters, covering four major themes: introduction to macroeconomics, tools and models, monetary and fiscal policies and income distribution. Available in physical copy only (Call Number: HB 172.5 H344)

Browsing by Author Hasan, Zubair

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 1 to 20 of 32
  • basel_accords_islamic_finance_special_reference_malaysia_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2014)

  • The worldwide colossal failures of financial institutions in the wake of the 2007-2010 financial turmoil the yesteryear advocates of liberalization and privatization converted almost overnight into vocal supporters of raising the safety walls around the interests of various stakeholders, especially the depositors. Admittedly, it was the heightened lure of leverage gains that led the financial institutions to expand credit beyond what the volume and quality of their capital assets warranted without crossing the limits of safety. The devastation led to a focus-shift so to say at the national and international level in finance specifically to capital adequacy that financial institutions ...

  • commodity_murabaha_does_it_violate_Islamic_norms_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2008)

  • Recently commodity murabaha has run into disrepute due to court decisions going against the use of this instrument in Islamic banks. This brief note argues that at fault has been the structure of contracts and the excessive use of the instrument. In principle, commodity murabaha is doubtless rooted deep in the Islamic Shari'ah.

  • credit creation and control_zubair.pdf.jpg
  • Chapter in Book


  • Authors: Hasan, Zubair (2010)

  • Purpose - To reopen for discussion the issue of credit creation and control in the area of Islamic banking. Design/methodology/approach - In view of a rapid expansion of Islamic banking in recent decades, the answer to questions whether Islamic banks can create credit like mainstream banks and, if yes, what methods central banks could use to control it in their case is of paramount importance. An overview of the literature on the subject is provided and credit creation process is explained as background material for the discussion. Findings - The literature on the subject is scanty, controversial and inconclusive. One reason seems to be the mismatch between structural design of Islami...

  • diminishing_balance_model_for_Islamic_home_finance_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2011)

  • This brief note supplements the argument of an earlier paper Islamic Home Financing: Current Models and a Proposal from Social Perspective”; it explains that the Diminishing Balance Model for Islamic home financing is operable in a Shari’ah compliant way even without the Islamic Banking laws accommodating the notion of constructive ownership as envisaged earlier. It further clarifies how the new model scores over the models currently being used for the purpose.

  • dubai_financial_crisis_causes_bailout_after_case_study_hasan.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2010)

  • This paper explains the circumstances that led Dubai to the current financial crisis that still lingers. It analyses the steps taken at various stages by the city state to ameliorate the situation including the bailout help the UAE Government eventually granted. It spotlights the role international rating agencies played in aggravating the situation and demands that their activities be brought under regulatory nets now being strengthened across the world in the context of ongoing global meltdown. Finally, it warns of challenges Dubai may be facing in years ahead and what could be done to pre-empt them. The argument is cast with a backdrop of the economic position of UAE in the Middle-...

  • economics_islamic_orientation_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair (2015)

  • This book, spread over 24 chapters, covers Economics with a greater orientation towards Islamic viewpoints. It is also suitable for students studying the subject in developing economies. The book combines the material of two earlier texts of the author—Macroeconomics (2009) and Fundamentals of Microeconomics (2011). The material has been refined and updated; new explanatory diagrams and illustrations have been included. Available in physical copy only (Call Number: BP 173.75 H344)

  • financing_economic_growth_stability_islamic_perspective_zubair_othman.pdf.jpg
  • Journal Article


  • Authors: Shaukat, Mughees; Hasan, Zubair; Alhabshi, Syed Othman (2014)

  • Evidence has been mounting that the interest-based debt financing regime is under increasing distress. Evidence also suggests that the financial crises, whatever title they carried - exchange rate crisis or banking crisis – have been debt related crises in essence. At present, data suggest that the debt-to-GDP ratio of the richest members of the G-20 is expected to reach 120% mark by 2014. There is also evidence that out of securities worth US$ 200 trillion in the global economy, no less than three-fourth represent interest-based debt. It is difficult to see how this massive debt volume can be validated by the underlying productive capacity of the global economy. This picture becomes ...

  • fundamentals_microeconomics_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair; Lehar, Habibah (2011)

  • This book is cover numerous topics such as demand and supply, market equilibrium, elasticity, consumer choice theory, cost theory, theory of production and many others including one chapter that deals with environmental issues.

  • islamic banking and finance_integrative approach_zubair.pdf.jpg
  • Book


  • Authors: Hasan, Zubair (2014)

  • This book is written to meet the needs of undergraduate students studying business and economics, though parts of it may be useful for students further along the learning curve. Apart from students, the book can also be used by professionals to refresh and update their knowledge and understanding of the subject, to help them carry out their responsibilities more efficiently. In addition, this book provides a comprehensive presentation of topics, including theoretical foundations financial instruments, banking operations, risk management, takaful, and issues relating to the law, regulation and governance. Available in physical copy only (Call Number: HG 187.4 H344)

  • islamic_banks_profit_sharing_equity_credit_control_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2010)

  • This paper deals with three basic issues in Islamic banking: First, how the profit sharing ratios in mudarabah contracts are in principle determined? Second, do the actual sharing ratios result in an equitable division of profit between the banks on the one hand and the depositors on the other? Finally, can the central bank use the profit sharing ratio along with the rate of interest for credit control so as to mitigate leverage lure in a dual banking system? The paper provides a brief explanation as an answer to the first question. The response to the second is negative but is positive to the third. It suggests a policy tool the central banks can possibly use to prevent the sort of c...

  • islamic_finance_education_graduate_level_current_position_challenges_islamic_economic_studies_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2008)

  • Over the past three decades, Islamic finance has been the fastest growing segment of the global financial system. Though it may be expected that education and training have kept pace with this fast growing market, this paper finds that the current state of Islamic finance education at the graduate level is in a very unsatisfactory state. Using Malaysia as an illustrative case, the paper looks at the range, sufficiency and quality of Islamic finance education. It evaluates the current state of Islamic finance education at the graduate level in the context of the overall graduate education in Malaysia and suggests policy measures to meet the future challenges of the Islamic finance educ...

  • islamic_finance_structure_objective_mismatch_consequences_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2010)

  • This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long run vision to improve the condition of the Muslim communities across the world. However, the organizational form adopted for Islamic finance was of the existing commercial banks which provided essentially short-term loans on interest to trade industry and commerce. The choice thus involved an intrinsic mismatch between the structure and objectives of Islamic finance. The mismatch did carry some advantages, but on a more important side it exposed Islamic ...

  • islamic_finance_the_structure_objective.pdf.jpg
  • Chapter in Book


  • Authors: Hasan, Zubair (2014)

  • This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long run vision to improve the condition of the Muslim communities across the world. However, the organizational form adopted for Islamic finance was of the existing commercial banks which provided essentially short-term loans on interest to trade industry and commerce. The choice thus involved an intrinsic mismatch between the structure and objectives of Islamic finance. The mismatch did carry some advantages, but on a more important side it exposed Islamic ...

  • islamic_home_finance_social_mirror_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2011)

  • Shelter is one of the basic needs for human beings. Its availability for the people is an Islamic imperative. In view of the appalling living conditions of a substantial proportion of the population in most countries around the world, especially Muslim, Islamic banks have entered the field with various schemes for home financing. In this infant industry, this effort is understandably guided by the profit motive, but a social dimension has to surface in the course of time. Unfortunately, the models banks currently use for home financing remain under the juridical gaze, more so as the practice is not always found to be transparent. This paper looks at Islamic home financing models in a ...

  • item.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2010)

  • Shelter is one of the basic needs for human beings. Its availability for the people is an Islamic imperative. In view of the appalling living conditions of a substantial proportion of the population in most countries around the world, especially Muslim, Islamic banks have entered the field with various schemes for home financing. In this infant industry, this effort is understandably guided by the profit motive, but a social dimension has to surface in the course of time.Unfortunately, the models banks currently use for home financing remain under the juridical gaze, more so as the practice is not always found to be transparent. This paper looks at Islamic home financing models in a b...

  • islamic_norms_excel_time_value.pdf.jpg
  • Chapter in Book


  • Authors: Hasan, Zubair (2014)

  • This chapter adds to the series of writings on Islamic home financing presented and published by the author on the subject of compounding versus and Islamic Shari'ah-consistent requirement for computation to avoid continuos compounding. It spells out certain normas Islamic banks must observe in home financing, and demonstrates that the conventional time value formula in Excel does not the stated norms. Available in physical copy and ebook (Call Number: HG 3368 A6 R595L)

  • item.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2013)

  • This paper adds to the series of writings on Islamic home financing presented and published by the author since February 2010. It spells out certain norms Islamic banks must observe in home financing and demonstrates that the conventional model based on an Excel formula does not meet the stated norms. It may well be emphasized that in Islam the question of observing these norms arises before, and not after, the selection of the formula; additional juristic requirements may only follow subsequently. Is it not then strange many Islamic banks are using the formula to determine the periodic instalment payments in their home financing programs? The paper finds, for example, the popular Mus...

  • macroeconomics_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair; Lehar, Habibah (2009)

  • This content of this book are spread over eleven chapters, covering four major themes: introduction to macroeconomics, tools and models, monetary and fiscal policies and income distribution. Available in physical copy only (Call Number: HB 172.5 H344)