Browsing by Author Ziyaad Mahomed

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Showing results 1 to 20 of 32
  • item.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2021)

  • Global agendas are aggressively gearing towards climate change strategies and funding the United Nations (UN) Sustainable Development Goals (SDGs). The total investment gap for successfully achieving the 169 targets in developing countries is estimated at USD2.5 trillion per year (UNCTAD 2020). Unfortunately, limited data and challenges in data consensus have significantly inhibited monitoring bodies� ability to accurately determine how much and where it is needed. Furthermore, developing countries have been slow in developing sustainable fund structures and even slower in attracting impact investment for the SDGs (UNCTAD 2019). Impact investing is defined as �investments made with th...

  • classical_zakat_modelling_blockchain_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2018)

  • As the third pillar of Islam, zakat has a 1,400-year-old history in reducing inequality and redistributing wealth to at least, the deserving Qur'anic recipients (Al Qur'an, 9:60). Understood as an obligatory command, zakat appears no less than 58 times in the primary source of Islamic law, 26 times along with prayer, for instance: "So establish Salat and give Zakat, and hold fast to Allah" (Al-Qur'an 22:78). All Muslims who meet a minimum threshold of zakatable assets (nisab) are required to pay zakat annually. The oft-repeated conundrum however, is if the Zakat institution was so deeply entrenched in the Islamic law, why then do so many continue to suffer from poverty and malnutritio...

  • Covid-19_and_Aramco_a_brief_analysis_Ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Muawiya Mahomed (2020)

  • The year 2020 is unparalleled in historical oil prices, crashing in April to -US$38 per barrel from a low of US$18 in a matter of hours. The increasing stockpiles and inadequate storage facilities forced oil producers to pay buyers to take barrels that were not storable. Oil producers faced a perfect storm of strategic price cutting stemming from rivalry between oil giants from the Kingdom of Saudi Arabia and Russia, and a global virus that forced lockdowns to contain the pandemic. Aramco, the Kingdom's 'national' oil company and the world's largest oil producer until recently, had to manage the severe oil price shock with policy changes that caused spillover effects on the nation. Hi...

  • crypto_mania_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2018)

  • The 17th century was witness to the Dutch Golden Age, the leading global economic power at the time. It was also the period of what was soon after referred to as 'Tulip Mania' for what is considered the first recorded speculative bubble that collapsed in 1637. Many analysts find a stark similarity between tulip mania and the dramatic rise of the cryptocurrency value in 2017. Tulip bulbs became fashionable status symbols, and although having weak fundamentals, reached exorbitant prices. Bitcoin's dramatic 1,500% increase in 2017 alone, attracted a significantly large group of speculative investors to benefit from what many see as an unhinged gamble on what has gained popularity, not on...

  • do_msme_patronage_factors_correspond_to_UAE_Islamic_banker_perceptions_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shinaj Valangattil Shamsudheen; Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2020)

  • According to UAE Ministry of Economy, the SME sector represents more than 94 per cent of the total number of companies operating in the country and provide jobs for more than 86 per cent of the private sector's workforce. There are more than 350,000 companies working at the SMEs platform, and providing over 86 percent of the private sector's total workforce. They contribute to more than 60 percent of the UAE non-oil GDP. According to the Central Bank of UAE's data, credit provided to microenterprises grew 26.3% during the period from December 2017 through March 2019.

  • Financial_innovation_and_riding_the_Fintech_wave_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2016)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. The application of technology in the financial sector has 'disrupted' the traditional "brick-and-mortar" style distribution channels and if not embraced would cause the current financial sector to lose a substantial (estimated between 20 to 40%) portion of their businesses to the firms using 'fintech'.

  • fintech_technology_application_financial_product_ecosystem_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (-)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. From the advent of taxi-hailing apps (aka Uber, Lyft and Grabcar) to accommodation (eg. Airbnb), smartphone applications and web-based platform provide the evidence of this growing phenomena. The application of technology in the financial sector has 'disrupted' the traditional 'brick-and-mortar' style distribution channels and if not embraced, would cause the current financial sector to lose a substantial portion of their businesses (estimated between 20% to 40%) to firms using 'fintech'...

  • Funding_the_refugee_crisis_Turkey_case_for_social_impact_sukuk_Ziyaad_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed; Ibrahim Musa Unal; Shamsher Mohamad Ramadili Mohd (2021)

  • The 20th century has generated a gradually intensifying refugee crisis that has amplified into an ongoing social crisis, especially since the Cold War in 1989. Civil wars, the internal conflict of countries, mass famine, and many faltering economic, political, and social institutions (US Mission to UN, Global Humanitarian Emergency 1995) contributed to this intensification. The host countries that receive these refugees bear the cost of managing the refugees at the expense of the country's economy (Mandel, 1997). Consequently, when countries face an impossible task of efficient control and maintenance of the livelihood of these refugees on a sustainable basis, they will impose restric...

  • High_time_for_Islamic_banks_to_show_they_are_indeed_value_based_intermediaries_Kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shinaj Valangattil Shamsudheen; Kinan Salim; Baharom Abdul Hamid; Ziyaad Mahomed; Noor Haini Akmal Abu Bakar; Wiaam Hassan (2020)

  • The novel COVID-19 pandemic has caused an unprecedented human crisis around the globe. The necessary actions implemented to contain the virus have sparked both economic and social downturn. It shows the fragility and unpreparedness of the economy to face such a pandemic. Significant weakening of economic conditions has escalated the pressure on households, businesses and financial markets. Governments all over the globe are in the process of formulating and implementing appropriate policies to continue economic activities amidst this turmoil. Financial institutions are obligated to respond towards the policies adopted by respective governments.

  • Islamic_finance_and_the_mission_to_net_zero_Ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ahmad Hafiz Abdul Aziz; Ziyaad Mahomed (2022)

  • The 26th United Nations Climate Change Conference of the Parties (COP26) summit held in Glasgow in November 2021, for the first time, targeted fossil fuels as the key driver of global warming. Over 130 countries committed to a net zero impact on climate within the next 50 years, with India committing to net zero emissions by 2070. This commitment moves the world closer to the key objectives of the summit: secure global net zero by mid-century and keep the average global temperature to 1.5 degrees Celsius within reach; adapt to protect communities and natural habitats; mobilise finance to secure global net zero; and work together to deliver the implementation of the Paris climate agree...

  • CIAWM_Issue3_islamic_social_finance_investment_imperative_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2018)

  • The rapid growth of global Islamic wealth and asset management has contributed to the establishment of a niche market based on the Islamic finance paradigm of interest-free, transparent, profit and loss sharing and mutually beneficial contracts. However, Islamic wealth and finance has been criticized for converging into conventional practices rather than its core principles of socio-economic empowerment and justice. The capitalist attributes of profit maximization without the ethical and moral boundaries has pervaded this industry that was supposed to espouse the ethical and socio-economic tenets as its value prepositions for its future growth and survival. There is an emerging trend ...

  • Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2017)

  • The consistent growth of the global Islamic banking and finance has provided a niche market with solutions and financial inclusion through a well-defined Islamic ethos. Unfortunately, Islamic finance has been criticised for having diverted from its core principles of socio-economic empowerment and upliftment. As in mainstream interest-based finance, Islamic financing and advances rely on the customers' credit-worthiness and the ability to repay, inevitably supporting those with good credit standing to improve their financial status. But, how has Islamic finance improved the lot of the downtrodden? What about the ethical, socio-economic tenets that Islamic finance has so vociferously e...

  • item.jpg
  • Master


  • Authors: Ibrahim Musa Unal (2020)

  • Over the last few decades, refugee issues have been at the forefront of social issues globally, with Turkey leading the countries affected from migrant movements in recent years (UNHCR, 2020). Funding refugee camps and their fundamental needs such as education, healthcare, accommodation, employment and social needs are heavy burdens for host countries. The Turkish government spent more than $40 billion for Syrian refugees alone, since the conflict in Syria began, which is around 5% of the Turkish GDP (TRT News, 2019). For several reasons, including the obvious economic, financial and political impact, the refugee crisis in Turkey has become a significant challenge exacerbated by the r...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2017)

  • Islam has a unique dispensation on the concept of wealth, its ownership and distribution. Wealth is not regarded as an end per se, but a means to an end: the end being the paradise in the hereafter. Essentially, material possessions are considered the primary form of weakth, perceived to be generated, accumulated and/or invested by the one who acquired it. Inclusively, wisdom, knowledge, salvation and even contentment can all be categorized as wealth. From the Islamic perspective, Allah (to Him be Praise) is the true owner of all wealth and He entrusts it to man for beneficial use (Quran 20:6). Therefore, a Muslim is required to earn and invest wealth in Islamically permissibale metho...

  • Malaysia_global_hub_for_fund_administration.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2018)

  • The last decade has witnessed significant growth of fund management companies in the Southeast Asian region, and Malaysia has shown immense potential in this area. The expansion of the middle income class, outstanding talent and abundant natural resources have contributed to this growth. Despite significant developments in the recent past, the mutual fund industry in Malaysia is relatively small compared with other market in Malaysia, particularly in the area of Islamic fund administration, requires a comprehensive financial ecosystem that is globally competitive.

  • managing_risk_islamic_finance_sector_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (-)

  • The nascent Islamic banking and finance sector is confronted with almost identical risks as the traditional interest-based industry. However, the Shari'ah (Islamic law) parameters for the interest-free industry introduces additional risk elements of compliance [and therefore reputational] risk and limits the use of conventional tools of risk mitigation. This section discussess the suitability of conventional risk management techniques in the Islamic banking and finance sector. The emerging risk management solutions for the sector are highlighted with some derivative options currently practiced in the Islamic finance markets.

  • item.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed (2022)

  • 'Stans' is an ancient Persian word meaning land, country or nation. This chapter begins with a review of the historical basis of zakat management in Islamic practice and provides a brief historical account and status of zakat practices in select countries in Central Asia. The section thereafter focuses on benchmark international zakat management models before providing recommendations for the development of an effective zakat management model within Central Asia. The economic shocks resulting from the pandemic have forced many in the region into situational poverty. If left unchecked, this may easily regress into chronic poverty, undoing the significant growth that these countries hav...

  • Occupational_risk_the_urgency_for_frontliner_protection_Baharom_Ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Baharom Abdul Hamid; Ziyaad Mahomed; Shinaj Valangattil Shamsudheen; Wiaam Hassan (2020)

  • The Department of Labour in the US recently released their Covid-19 Occupational Risk Score. The statistics are based on their Purchasing Power Parity, the homogeneity of the job description and the risk of exposure to COVID-19. The figure above may be used to depict a more generic occupational risk correlated with salary grades, that are experienced internationally, including Malaysia. The Occupational Risk Score can be divided into four quadrants: i. high income-low risk, ii. high income-high risk, iii. low income-high risk, and iv. low income-low risk. Those with the highest exposure to infection include what is now termed as the 'frontliners'. These include doctors, nurses, and ot...

  • PPPs_or_iPPPPs_which_model_provides_greater_infrastructural_social_impact_Ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2022)

  • Sub-Saharan Africa (SSA) is made up of West, East, Central and Southern Africa and comprises approximately 48 independent countries. The region contributed just 2.35 per cent to the global GDP in 2020 but accounted for over 14 per cent of the global population during the same period (World Bank, 2021). Data indicates that the global population will increase by 2 billion within the next three decades, half of which will be from the SSA (United Nations, 2019). Unfortunately, SSA economies are classified as fragile, making them vulnerable to economic shocks or health disruptions like pandemics (OECD, 2018). To prevent financial collapse, SSA countries require efficient financial structur...

  • reality_check_slow_progress_digital_transformation_Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2019)

  • It is true that significant progress in poverty alleviation and social empowerment has been made over the last 30 years. For OIC member states, the percentage of the population living below the poverty line has decreased by almost half, from 41.1% in 1990 to 22.4% in 2011. However, as populations increase, the number of people suffering from hunger, malnutrition and disease remains considerable. The 'OIC - 2025 Programme of Action' stresses, in Article 1.6, that Member States must transform their approach through "effective utilization of Islamic social finance (Zakat, Waqf) at national and intra-OIC level" in order to address poverty. It is quickly forgotten that the celebrated 17 so...

Browsing by Author Ziyaad Mahomed

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
  • item.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2021)

  • Global agendas are aggressively gearing towards climate change strategies and funding the United Nations (UN) Sustainable Development Goals (SDGs). The total investment gap for successfully achieving the 169 targets in developing countries is estimated at USD2.5 trillion per year (UNCTAD 2020). Unfortunately, limited data and challenges in data consensus have significantly inhibited monitoring bodies� ability to accurately determine how much and where it is needed. Furthermore, developing countries have been slow in developing sustainable fund structures and even slower in attracting impact investment for the SDGs (UNCTAD 2019). Impact investing is defined as �investments made with th...

  • classical_zakat_modelling_blockchain_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2018)

  • As the third pillar of Islam, zakat has a 1,400-year-old history in reducing inequality and redistributing wealth to at least, the deserving Qur'anic recipients (Al Qur'an, 9:60). Understood as an obligatory command, zakat appears no less than 58 times in the primary source of Islamic law, 26 times along with prayer, for instance: "So establish Salat and give Zakat, and hold fast to Allah" (Al-Qur'an 22:78). All Muslims who meet a minimum threshold of zakatable assets (nisab) are required to pay zakat annually. The oft-repeated conundrum however, is if the Zakat institution was so deeply entrenched in the Islamic law, why then do so many continue to suffer from poverty and malnutritio...

  • Covid-19_and_Aramco_a_brief_analysis_Ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Muawiya Mahomed (2020)

  • The year 2020 is unparalleled in historical oil prices, crashing in April to -US$38 per barrel from a low of US$18 in a matter of hours. The increasing stockpiles and inadequate storage facilities forced oil producers to pay buyers to take barrels that were not storable. Oil producers faced a perfect storm of strategic price cutting stemming from rivalry between oil giants from the Kingdom of Saudi Arabia and Russia, and a global virus that forced lockdowns to contain the pandemic. Aramco, the Kingdom's 'national' oil company and the world's largest oil producer until recently, had to manage the severe oil price shock with policy changes that caused spillover effects on the nation. Hi...

  • crypto_mania_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2018)

  • The 17th century was witness to the Dutch Golden Age, the leading global economic power at the time. It was also the period of what was soon after referred to as 'Tulip Mania' for what is considered the first recorded speculative bubble that collapsed in 1637. Many analysts find a stark similarity between tulip mania and the dramatic rise of the cryptocurrency value in 2017. Tulip bulbs became fashionable status symbols, and although having weak fundamentals, reached exorbitant prices. Bitcoin's dramatic 1,500% increase in 2017 alone, attracted a significantly large group of speculative investors to benefit from what many see as an unhinged gamble on what has gained popularity, not on...

  • do_msme_patronage_factors_correspond_to_UAE_Islamic_banker_perceptions_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shinaj Valangattil Shamsudheen; Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2020)

  • According to UAE Ministry of Economy, the SME sector represents more than 94 per cent of the total number of companies operating in the country and provide jobs for more than 86 per cent of the private sector's workforce. There are more than 350,000 companies working at the SMEs platform, and providing over 86 percent of the private sector's total workforce. They contribute to more than 60 percent of the UAE non-oil GDP. According to the Central Bank of UAE's data, credit provided to microenterprises grew 26.3% during the period from December 2017 through March 2019.

  • Financial_innovation_and_riding_the_Fintech_wave_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2016)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. The application of technology in the financial sector has 'disrupted' the traditional "brick-and-mortar" style distribution channels and if not embraced would cause the current financial sector to lose a substantial (estimated between 20 to 40%) portion of their businesses to the firms using 'fintech'.

  • fintech_technology_application_financial_product_ecosystem_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (-)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. From the advent of taxi-hailing apps (aka Uber, Lyft and Grabcar) to accommodation (eg. Airbnb), smartphone applications and web-based platform provide the evidence of this growing phenomena. The application of technology in the financial sector has 'disrupted' the traditional 'brick-and-mortar' style distribution channels and if not embraced, would cause the current financial sector to lose a substantial portion of their businesses (estimated between 20% to 40%) to firms using 'fintech'...

  • Funding_the_refugee_crisis_Turkey_case_for_social_impact_sukuk_Ziyaad_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed; Ibrahim Musa Unal; Shamsher Mohamad Ramadili Mohd (2021)

  • The 20th century has generated a gradually intensifying refugee crisis that has amplified into an ongoing social crisis, especially since the Cold War in 1989. Civil wars, the internal conflict of countries, mass famine, and many faltering economic, political, and social institutions (US Mission to UN, Global Humanitarian Emergency 1995) contributed to this intensification. The host countries that receive these refugees bear the cost of managing the refugees at the expense of the country's economy (Mandel, 1997). Consequently, when countries face an impossible task of efficient control and maintenance of the livelihood of these refugees on a sustainable basis, they will impose restric...

  • High_time_for_Islamic_banks_to_show_they_are_indeed_value_based_intermediaries_Kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shinaj Valangattil Shamsudheen; Kinan Salim; Baharom Abdul Hamid; Ziyaad Mahomed; Noor Haini Akmal Abu Bakar; Wiaam Hassan (2020)

  • The novel COVID-19 pandemic has caused an unprecedented human crisis around the globe. The necessary actions implemented to contain the virus have sparked both economic and social downturn. It shows the fragility and unpreparedness of the economy to face such a pandemic. Significant weakening of economic conditions has escalated the pressure on households, businesses and financial markets. Governments all over the globe are in the process of formulating and implementing appropriate policies to continue economic activities amidst this turmoil. Financial institutions are obligated to respond towards the policies adopted by respective governments.

  • Islamic_finance_and_the_mission_to_net_zero_Ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ahmad Hafiz Abdul Aziz; Ziyaad Mahomed (2022)

  • The 26th United Nations Climate Change Conference of the Parties (COP26) summit held in Glasgow in November 2021, for the first time, targeted fossil fuels as the key driver of global warming. Over 130 countries committed to a net zero impact on climate within the next 50 years, with India committing to net zero emissions by 2070. This commitment moves the world closer to the key objectives of the summit: secure global net zero by mid-century and keep the average global temperature to 1.5 degrees Celsius within reach; adapt to protect communities and natural habitats; mobilise finance to secure global net zero; and work together to deliver the implementation of the Paris climate agree...

  • CIAWM_Issue3_islamic_social_finance_investment_imperative_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2018)

  • The rapid growth of global Islamic wealth and asset management has contributed to the establishment of a niche market based on the Islamic finance paradigm of interest-free, transparent, profit and loss sharing and mutually beneficial contracts. However, Islamic wealth and finance has been criticized for converging into conventional practices rather than its core principles of socio-economic empowerment and justice. The capitalist attributes of profit maximization without the ethical and moral boundaries has pervaded this industry that was supposed to espouse the ethical and socio-economic tenets as its value prepositions for its future growth and survival. There is an emerging trend ...

  • Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2017)

  • The consistent growth of the global Islamic banking and finance has provided a niche market with solutions and financial inclusion through a well-defined Islamic ethos. Unfortunately, Islamic finance has been criticised for having diverted from its core principles of socio-economic empowerment and upliftment. As in mainstream interest-based finance, Islamic financing and advances rely on the customers' credit-worthiness and the ability to repay, inevitably supporting those with good credit standing to improve their financial status. But, how has Islamic finance improved the lot of the downtrodden? What about the ethical, socio-economic tenets that Islamic finance has so vociferously e...

  • item.jpg
  • Master


  • Authors: Ibrahim Musa Unal (2020)

  • Over the last few decades, refugee issues have been at the forefront of social issues globally, with Turkey leading the countries affected from migrant movements in recent years (UNHCR, 2020). Funding refugee camps and their fundamental needs such as education, healthcare, accommodation, employment and social needs are heavy burdens for host countries. The Turkish government spent more than $40 billion for Syrian refugees alone, since the conflict in Syria began, which is around 5% of the Turkish GDP (TRT News, 2019). For several reasons, including the obvious economic, financial and political impact, the refugee crisis in Turkey has become a significant challenge exacerbated by the r...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2017)

  • Islam has a unique dispensation on the concept of wealth, its ownership and distribution. Wealth is not regarded as an end per se, but a means to an end: the end being the paradise in the hereafter. Essentially, material possessions are considered the primary form of weakth, perceived to be generated, accumulated and/or invested by the one who acquired it. Inclusively, wisdom, knowledge, salvation and even contentment can all be categorized as wealth. From the Islamic perspective, Allah (to Him be Praise) is the true owner of all wealth and He entrusts it to man for beneficial use (Quran 20:6). Therefore, a Muslim is required to earn and invest wealth in Islamically permissibale metho...

  • Malaysia_global_hub_for_fund_administration.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2018)

  • The last decade has witnessed significant growth of fund management companies in the Southeast Asian region, and Malaysia has shown immense potential in this area. The expansion of the middle income class, outstanding talent and abundant natural resources have contributed to this growth. Despite significant developments in the recent past, the mutual fund industry in Malaysia is relatively small compared with other market in Malaysia, particularly in the area of Islamic fund administration, requires a comprehensive financial ecosystem that is globally competitive.

  • managing_risk_islamic_finance_sector_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (-)

  • The nascent Islamic banking and finance sector is confronted with almost identical risks as the traditional interest-based industry. However, the Shari'ah (Islamic law) parameters for the interest-free industry introduces additional risk elements of compliance [and therefore reputational] risk and limits the use of conventional tools of risk mitigation. This section discussess the suitability of conventional risk management techniques in the Islamic banking and finance sector. The emerging risk management solutions for the sector are highlighted with some derivative options currently practiced in the Islamic finance markets.

  • item.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed (2022)

  • 'Stans' is an ancient Persian word meaning land, country or nation. This chapter begins with a review of the historical basis of zakat management in Islamic practice and provides a brief historical account and status of zakat practices in select countries in Central Asia. The section thereafter focuses on benchmark international zakat management models before providing recommendations for the development of an effective zakat management model within Central Asia. The economic shocks resulting from the pandemic have forced many in the region into situational poverty. If left unchecked, this may easily regress into chronic poverty, undoing the significant growth that these countries hav...

  • Occupational_risk_the_urgency_for_frontliner_protection_Baharom_Ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Baharom Abdul Hamid; Ziyaad Mahomed; Shinaj Valangattil Shamsudheen; Wiaam Hassan (2020)

  • The Department of Labour in the US recently released their Covid-19 Occupational Risk Score. The statistics are based on their Purchasing Power Parity, the homogeneity of the job description and the risk of exposure to COVID-19. The figure above may be used to depict a more generic occupational risk correlated with salary grades, that are experienced internationally, including Malaysia. The Occupational Risk Score can be divided into four quadrants: i. high income-low risk, ii. high income-high risk, iii. low income-high risk, and iv. low income-low risk. Those with the highest exposure to infection include what is now termed as the 'frontliners'. These include doctors, nurses, and ot...

  • PPPs_or_iPPPPs_which_model_provides_greater_infrastructural_social_impact_Ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2022)

  • Sub-Saharan Africa (SSA) is made up of West, East, Central and Southern Africa and comprises approximately 48 independent countries. The region contributed just 2.35 per cent to the global GDP in 2020 but accounted for over 14 per cent of the global population during the same period (World Bank, 2021). Data indicates that the global population will increase by 2 billion within the next three decades, half of which will be from the SSA (United Nations, 2019). Unfortunately, SSA economies are classified as fragile, making them vulnerable to economic shocks or health disruptions like pandemics (OECD, 2018). To prevent financial collapse, SSA countries require efficient financial structur...

  • reality_check_slow_progress_digital_transformation_Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2019)

  • It is true that significant progress in poverty alleviation and social empowerment has been made over the last 30 years. For OIC member states, the percentage of the population living below the poverty line has decreased by almost half, from 41.1% in 1990 to 22.4% in 2011. However, as populations increase, the number of people suffering from hunger, malnutrition and disease remains considerable. The 'OIC - 2025 Programme of Action' stresses, in Article 1.6, that Member States must transform their approach through "effective utilization of Islamic social finance (Zakat, Waqf) at national and intra-OIC level" in order to address poverty. It is quickly forgotten that the celebrated 17 so...