Abu Umar Faruq Ahmad, PhD

umar.ahmad@ubd.edu.bn

Associate Professor, Institute of Policy Studies



                                             

- Featured in the 'ISLAMICA500 Global Leaders of the Islamic Economy' in years 2018 and 2019, I have graduated in Shariah from Islamic University of Madinah.

- Obtained PhD with 'High Distinction', and LLM (Hons.) from Western Sydney University (WSU), Sydney, NSW, Australia.
- Obtained Shahadatul Kamil (equivalent to Masters degree) with 'High Distinction' in Hadith literature (the Prophetic Traditions) from Islamic University, Bangladesh.

- Have expertise and research interests in Laws and Regulation of Islamic Finance, Shariah (Islamic Law), Fiqh (Islamic Jurisprudence), and Usul al-Fiqh (Fundamentals of Islamic Jurisprudence).

- Currently, Associate Professor of Islamic Finance Law at the Institute of Islamic Economics, King Abdulaziz University (KAU), Jeddah, KSA (AACSB accredited).
- Concurrently, Adjunct Professor of Islamic Economics at the Guidance College, Texas, USA.

- Worked as Associate Professor of Islamic Governance at the Institute of Policy Studies, Universiti Brunei Darussalam (UBD), Brunei.
- Worked as Associate Professor of Islamic Law of Transaction/Jurisprudence at the School of Business and Economics, UBD, Brunei.
- Worked as Associate Professor of Islamic Finance, INCEIF - The Global University of Islamic Finance, Kuala Lumpur, Malaysia (AACSB accredited).
- Worked as Senior Researcher at the International Shariah Research Academy for Islamic Finance (ISRA), Kuala Lumpur, Malaysia.
- Worked as Assistant Professor of Islamic Finance at Hamdan Bin Mohammed Smart University (HBMSU), Dubai, UAE.
- Worked as Senior Lecturer at Sule College (renamed as Amity College), Sydney, Australia (2000 - 2010).

- Held various positions during the past over 35 years of professional career, as senior teacher, faculty member, researcher, editor, translator, interpreter, commentator, administrator, community leader, and Shariah advisor at several institutes, universities, journals, and organisations in Australia, Bangladesh, Brunei, Kuwait, Malaysia, UAE and Saudi Arabia.

- Examined 50 PhD dissertations, Masters theses, and other research projects for a couple of universities such as:
La Trobe University (Australia); Victoria University (Australia); Western Sydney University (Australia)
Universiti Malaya (Malaysia); International Islamic University Malaysia; Universiti Putra Malaysia; Universiti Teknologi MARA, (Malaysia); Universiti Malaysia Terengganu
Universiti Brunei Darussalam; Universiti Sultan Sharif Ali (Brunei)
Effat University (Saudi Arabia); and
Lahore College for Women University (Pakistan).

- Authored over 100 peer-reviewed research, including 44 quartile rankings journal articles, 3 books and monographs, 26 chapters in edited books, 9 refereed conference proceedings, and 20 case studies, and other intellectual contributions.

- Published articles on multi-dimensional areas of Islamic Economics and Finance in top tier journals, which include the following to name a few:
American Journal of Islamic Social Sciences (ISI)
Thunderbird International Business Review (WoS, SCOPUS Q1, ABDC B)
International Journal of Ethics and Systems (ESCI, SCOPUS Q1, ABDC C)
International Journal of Islamic and Middle Eastern Finance and Management (SSCI, SCOPUS Q2, ABDC B, ERA)
International Journal of Law and Management (ESCI, SCOPUS Q2, ERA, ABDC B)
ISRA International Journal of Islamic Finance (ESCI, SCOPUS Q2, ABDC C)
Journal of Legal, Ethical and Regulatory Issues (SCOPUS Q2)
International Journal of Emerging Markets (ESCI, SCOPUS Q2, ABS, ERA, ABDC B)
Journal of Islamic Accounting and Business Research (SCOPUS Q3, ABS, ERA, ABDC C)
Journal of King Abdulaziz University: Islamic Economics (SCOPUS Q3)
The Singapore Economic Review (SSCI, SCOPUS Q3, ERA, ABDC B)
Arab Law Quarterly (ESCI, SCOPUS Q3, ERA)
International Journal of Business and Society (ESCI, SCOPUS Q3)
Journal of Public Affairs (ESCI, SCOPUS Q3, ABDC B); International Journal of Islamic Thought (ESCI, SCOPUS Q4, ERA)
International Finance Review (SCOPUS Q4, ABS, ERA, ABDC C)
Journal of Islamic Economics, Banking and Finance (SCOPUS Q4, ABDC C, ERA); and
Review of Islamic Economics (ESCI, ABDC C, ERA).

- Awarded 'High Distinction' by the Western Sydney University Thesis Examination Committee for doctoral dissertation on Law and Practice of Modern Islamic Finance in Australia.

- Received 2 prestigious Postgraduate Research Award Scholarships for 3 years to undertake the degree of Doctor of Philosophy at Western Sydney University, Australia, which include a stipend of $28,000 (AUD) per annum.
- Received the government Undergraduate Scholarship Award for 4 years to undertake Lissans (Bachelors degree) in Shariah at the Islamic University of Madinah, Saudi Arabia, which include a stipend of SAR 6,200 per annum.

- Taught multi-disciplinary courses at undergraduate and postgraduate levels which include:
MAEF720 Islamic Financial Transaction II (Guidance College)
CG-5102 Islam and Society (UBD)
BI-5101 Islamic Jurisprudence (UBD)
BA-2301 Principles of Islamic Jurisprudence (UBD)
BI-5105 Islamic Transaction (UBD)
BA-2204 Introduction to Islamic Banking and Finance (UBD)
BB-5110 Business Ethics & Corporate Social Responsibility (UBD)
BB-4203 Business Ethics (UBD)
SH1002 Shariah Aspects of Business and Finance (INCEIF)
DW-3001 Internship (UBD)
BI-5303 Practical Training and Reporting (UBD)
BUSS490 Internship (HBMSU)
BUSS210 Business Ethics (HBMSU);
ISLM101 Islamic Culture (HBMSU)
BUSS210 Business Ethics (HBMSU)
BUSS401 Business and Society (HBMSU); and
BUSS210 Business Ethics (HBMSU).

- Received 'Best Conference Paper Award' at IRTI and IIUM's 2nd International Conference on Islamic Economics & Economies of the OIC Countries held in Kuala Lumpur, Malaysia; 'Best Teacher Award' by HBMSU, Dubai; and 'Best Paper Presentation Award' at the 2nd International Conference on Islamic, Education and Law held in Kelantan, Malaysia.

- Founded the first private Islamic university in Bangladesh (International Islamic University Chittagong), an education project of Islamic Social Welfare Council, Chittagong in the capacity of its Executive Director.

- Acted as Founding Editor of the International Journal of Excellence in Islamic Banking and Finance, published by HBMSU, UAE; https://journals.hbmsu.ac.ae/Pages/Issue/?IID=47&S=1
- Editor, International Journal of Islamic Thought, published by UKM, Malaysia (ESCI, SCOPUS Q4, ERA); http://www.ukm.my/ijit/editorial-board-3/
- Associate Editor, ISRA International Journal of Islamic Finance, published by Emerald (ESCI, SCOPUS Q3, ABDC C ranked); https://www.emeraldgrouppublishing.com/journal/ijif#editorial-team
- Guest Editor, Special Issue on Women Leading Social and Economic Change: Towards Feminized Thinking and Spatial Praxis, Administrative Sciences (ESCI, SCOPUS). https://www.mdpi.com/journal/admsci/special_issues/WLSEC
- Editorial Board Member, Editorial Advisory Board Member, International Journal of Ethics and Systems, published by Emerald (ESCI, SCOPUS Q1, ABDC C ranked); https://www.emeraldgrouppublishing.com/journal/ijoes#editorial-team
- Editorial Advisory Board Member, Journal of Islamic Accounting and Business, published by Emerald (ESCI, SCOPUS Q3, ABDC C ranked, ERA, ABS2). http://emeraldgrouppublishing.com/products/journals/editorial_team.htm?id=jiabr
- Editorial Advisory Board Member, International Journal of Islamic and Middle Eastern Finance and Management, published by Emerald (SSCI, CABS, SCOPUS Q2, ABDC B ranked, ERA) http://emeraldgrouppublishing.com/products/journals/editorial_team.htm?id=imefm
- International Editorial Board Member, Asia Pacific Journal of Emerging Markets, https://apjem.net/editorial-board/?fbclid=IwAR18_Jhhb2S3mdqGeSd8Wuv-liub_42DW6EGB80QgENlEoWQhdGIbBmk080

- Provided Shariah consultancy and Islamic advisory services to many international organisations including:
Bangladesh Islamic Centre of NSW Inc., Australia (Islamic Counsellor)
Islamic Bank of Australia Group, Australia (Shariah Audit Executive)
Islamic Cooperative Finance Australia Ltd., Australia (BoD Member, and Chairman of Shariah Advisory Board)
Australian Muslim Welfare Centre Inc., Australia (Founding President, Elected President and Chairman of Shariah Advisory Board).

- Presented scholarly research papers at top international conferences, which include Harvard Islamic Finance Forums, IRTI sponsored Islamic finance conferences, Global Finance Conferences and so on, held in Massachusetts, Dublin, Sydney, Melbourne, Brunei, Ilorin, Karachi, Islamabad, Dhaka, Chittagong, Bahrain, Dubai, Abu Dhabi, Istanbul, North Cyprus, Marmara, Sakarya, Kuala Lumpur, Langkawi, Kelantan, Nilai, Bangi, Doha, Yogyakarta, Banda Aceh, Makkah and Jeddah.

EDUCATION

2008: PhD with 'High Distinction'; Western Sydney University, Australia
Dissertation Title: Law and Practice of Modern Islamic Finance in Australia

2004: LLM (Hons.); Western Sydney University, Australia
Thesis Title: Islamic Banking in Bangladesh

1984: LLB (Hons.) in Shariah; Islamic University of Madinah, Saudi Arabia
Thesis Title: The Social Takaful in Islam

1974: Kamil (MA) in Hadith; Bangladesh Madrasah Education Board

1972: Fadil (BA); Bangladesh Madrasah Education Board

RESEARCH INTERESTS

My research interests span multi-disciplinary areas of Shariah (Islamic Law), which include, inter alia, the following:

A. Key Research Interests

1. Islamic law
2. Islamic economics
3. Islamic finance
4. Islamic banking
5. Islamic jurisprudence
6. Fundamentals of Islamic jurisprudence
7. Islamic insurance and reinsurance
8. Islamic capital market
9. CSR of Islamic banks and financial institutions
10. Dispute resolution in Islamic finance
11. Islamic management
12. Islamic governance
13. Islamic business ethics

B. Additional Research Interests

1. Case studies of Islamic banks (IBs) and financial institutions (IFIs)
2. Cross country analysis of Islamic finance practice
3. Comparative review of Islamic and conventional banking
4. Shariah compliance analysis of Islamic finance products
5. Law and practice of Islamic banking and finance
6. Regulation and supervision of IBs and IFIs
7. Shariah supervision of IBs and IFIs
8. Shariah audit of IBs and IFIs
9. Risk in takaful and retakaful
10. Multi-dimensional aspects of sukuk as Islamic securities
11. Role of Islamic social finance in poverty alleviation and socio-economic developments
12. Islamic microfinance
13. Multi-dimensional aspects of zakah and awqaf
14. FinTech, blockchain and smart contracts in Islamic law
15. Derivatives in Islamic law
16. Transaction cost in Islamic finance
17. Islam and women's economic empowerment
18. Corporate governance in IBs and IFIs
19. Role of IBs and IFIs in realising SDGs
20. Impact of Covid-19 on Islamic banking and finance industry and the way forward

FUTURE PROJECTS

RESTRUCTURING AND RESCHEDULING OF ISLAMIC FINANCE PRODUCTS: A CRITICAL ANALYSIS FROM SHARIAH PERSPECTIVES

One of the features that differentiate Islamic financing documentation from that of conventional financing is the need for a new legal document to capture every variation of terms and conditions since Islamic finance emphasises on agreement and mutual consent of contracting parties. This requirement becomes more apparent when it involves rescheduling and restructuring of a financing, especially for sale-based financing (BNM, 2003). Given that the restructuring and rescheduling of an Islamic facility is considered as vehicles for providing the customers with some other financing related facilities, which can be arranged for example, by way of assisting in managing high costs; either through redemption of existing facility from the same bank to another, as is the case in refinancing; or by shifting from one product to another through restructuring; or extending period of facility with lower monthly installment in the event of rescheduling. One of the key objectives of Islamic finance restructuring is to restructure the obligations of debtors in order for them to facilitate meeting their current debt obligations, and to consider the value of their assets and the potential for profitability of their business enterprise. A related exercise that takes place but not necessarily under financial distress in conventional finance is referred to as 'refinancing' which is the replacement of existing debt by new debt. However, from the Shariah perspectives, the issues are different in the sense that they are more related to the circumstances and conditions under which a facility may be refinanced, rescheduled or restructured. For example, in rescheduling where the tenure of extension of facility period with lower monthly installment takes place a relevant Shariah issue needs to be resolved is whether or not additional charges to the new sale price are allowed. In this regard the majority of Shariah scholars did not allow the additional charges in the new sale price, although a few contemporary scholars may validate this practice where the financier can justify the additional charges. However, in case of restructured facility a similar Shariah issue whether change of contract means a new contract has to be entered, still remained debatable between the scholars, although the Shariah Advisory Committee (SAC) of BNM in its 32nd meeting dated 27 February 2003, has attempted to resolve the issue by stating that based on mutual agreement, the financing period for the customer may be extended without the need for a new contract, provided that both parties satisfy all concluded promises and the price imposed on the customer does not exceed the original sale price. Drawing on the above scenario, this study would examine inter alia a) a conceptual analysis of refinancing, rescheduling and restructuring; b) the Shariah viewpoint of the refinancing, restructuring and rescheduling of an Islamic facility, and c) the key unresolved Shariah issues pertaining to these methods, and their possible solutions since the Shariah non-compliant commercial solutions are already available.


Applications Invited
Masters and PhD by Research

EMPOWERING MUSLIM WOMEN BETWEEN ASPIRATIONS AND REALISM

This research aims to analyse the issue of women empowerment from the Qur’an, Sunnah, legacy of the Rightly Guided Caliphs, and the Fiqhi rulings based on the following facts and realities: 1) the realization of the respective jurisdiction's vision, aiming at promoting women’s participation in the national economy; 2) the inclusion of women in the country's highest consultative body without violating the rules of the Shariah; 3) the gradual recognition of their role in Muslim societies; 4) their reaching to the higher positions in the governmental roles; 5) the close linking of the pursuit of the women’s empowerment to their rights, which is something that are being discussed by Muslims and non-Muslims alike; and 6) the non-Muslims’ accusation of Islam’s denial of women’s leadership rights, as well as Muslim societies’ negligence to women socially, economically and culturally. Whereas in the modern era the pursuit of empowering women is linked to the issue of women's leadership, this research evaluates the validity and context of the only quoted Prophetic tradition and used as an evidence against empowering women, which reads, “Never will succeed such a nation as lets their affairs carried out by a woman”, given that this analysis is crucial to address present-day realities, as a significant number of Muslim women have competently led their nations by holding topmost offices. The research also aims to discuss the real leadership status of Muslim women in the primary sources of Shariah. Resolution of this issue can significantly impact the women empowerment from Islamic perspectives.


Applications Invited
Masters and PhD by Research

A PROPOSED ‘TAKAFUL COOPERATIVE PARTICIPATION’ MODEL AND SHARAIAH PARAMETERS FOR ITS APPLICATION

A Muslim country generally seeks to achieve a particular vision which includes inter alia building a strong and stable economy with diversification of income sources, where Takaful industry can take a distinct opportunity to contribute to realize this vision. The Shariah laid down the principle of Taawun, to achieve cooperative relationship between the Takaful participants and companies which would mitigate the risks associated with this industry. Recently, Takaful industry has experienced severe economic consequences in some jurisdictions like real estate, stock markets and so on. On the contrary, the Shariah compliance in the current practice of Takaful has been questioned for its resemblance with the commutative contracts of conventional insurance in many aspects. To fill in this gap, the study aims at finding the way out through the transformation of Takaful into a ‘Cooperative Participation’ with shared responsibility so as to realize the objectives of Shariah and Takaful together. The study reviews that to achieve this, Takaful must strive for meeting the principles of Islamic insurance encompassing the elements of cooperation, participation, joint indemnity, and brotherhood. Indeed, these principles have some parameters and conditions; and Takaful cannot be termed ‘Islamic’ unless all these elements are tied together. The study finds that principles of mutuality and cooperation in the prevailing Takaful business models are either based on donation, endowment, or otherwise, which constitute only one aspect of Takaful characteristics. Therefore, it is expected that the proposed ‘Takaful Cooperative Participation’ model would play a significant role in achieving sustainable development in any given society by sharing the risks rather than exchanging or transferring.


Applications Invited
Masters and PhD by Research
15

Scopus Publications

2515

Google Scholar Citations

26

Google Scholar h-index

46

Google Scholar i10-index

Scopus Publications

RECENT PUBLICATIONS

1. Shariah-compliant equities and Shariah screening: Need for convergence of ethical screening of stocks with Shariah screening, International Journal of Emerging Markets (IJOEM), (ESCI, SCOPUS Q3, ABS, ERA, ABDC B ranked). Vol. ahead-of-print, No. ahead-of-print, Emerald Publishing, Bingley, UK. DOI: https://doi.org/10.1108/IJOEM-09-2020-1041

2. External Shariah audit and review committee vis-a-vis Shariah compliance quality and accountability: A case of Islamic banks in Bangladesh, Journal of Public Affairs, (ISI, SCOPUS Q3, ABDC B ranked). Early view, 1-10. John Wiley & Sons Ltd, Chichester, UK. (publication date: June 27, 2020). DOI: https://doi.org/10.1002/pa.2364

3. Building trust in waqf management: Implications of good governance and transparent reporting. Singapore Economic Review, (ISI, SCOPUS Q3, ERA, ABDC B ranked). World Scientific Publishing Company Pte Ltd., Singapore, (publication date: May 27, 2020). DOI: https://doi.org/10.1142/S0217590820420059

4. Money laundering from maqasid al-Shariah perspective with particular reference to preservation of wealth (hifz al-mal), Journal of Legal, Ethical and Regulatory Issues (JLERI) (SCOPUS Q2), 24 (S1),1-10,. Allied Business Academies, London, UK. (Publication date: 26 March 2021). DOI: https://doi.org/10.1544-0044-24-S1-17

5. Islamic commercial jurisprudence, in Minwir Al-Shammari, Mohammad O.F., and Hatem Masri (eds.), Islamic Business Administration: Concepts and Strategies. Macmillan International: Higher Education (Red Globe Press). pp.85-107. ISBN: 978-1-352-00948-4. (publication date: 01 March 2020, pages: 321). https://www.macmillanihe.com/page/detail/Islamic-Business-Administration/?K=9781352009477

TOP PUBLICATIONS

1. The time value of money concept in Islamic finance. American Journal of Islamic Social Sciences (SCOPUS). 23(1), pp.66-89. International Institute of Islamic Thought (publication date: 2006). DOI: https://doi.org/10.35632/ajiss.v23i1.436 [Cited by Malaysian High Court in Kuwait Finance House (Malaysia) Bhd v. Vesta Energy Sdn Bhd & Ors Mohd Zawawi Salleh J (Banks And Banking Business; Civil Procedure - Islamic banking - Action to recover monies under various Islamic facilities); also by UAE Laws and Islamic Finance at https://uaelawsandislamicfinance.com/2012/05/29/the-time-value-for-money-concept-in-islamic-finance/]

2. Quality perception of the customers towards domestic Islamic banks in Bangladesh. Journal of Islamic Economics, Banking and Finance (SCOPUS, ABDC C ranked, ERA, Q4). 5(1), pp.109-131. Islami Bank Bangladesh Limited (publication date: 2009) http://ibtra.com/pdf/journal/v5_n1_article5.pdf

3. Riba and Islamic banking. Journal of Islamic Economics, Banking and Finance. (SCOPUS, ABDC C ranked, ERA, Q4), 3(1), pp.9-42. Islami Bank Bangladesh Limited (publication date: 2007) http://ibtra.com/pdf/journal/v3_n1_article1.pdf

4. Theory and Practice of Modern Islamic Finance: The Case Analysis from Australia. Florida: BrownWalker Press, p.322. ISBN: 978-1-599-42517-7 http://www.universal-publishers.com/book.php?book=1599425173 (publication date: January 1, 2010). The book is peer reviewed by:
a) Daynes, A. (2010), Theory and practice of modern Islamic finance: the case analysis from Australia, International Journal of Islamic and Middle Eastern Finance and Management, Vol. 3 No. 3, pp. 280-281. https://doi.org/10.1108/17538391011072462
b) Zaman, M. (2010), Theory and practice of modern Islamic finance: the case analysis from Australia, Journal of Islamic Accounting and Business Research, vol. 1, no. 2, pp. 172-174. https://doi.org/10.1108/17590811011086741
c) Manjoo, F. (2014), Theory and practice of modern Islamic finance: the case analysis from Australia, The Muslim World Book Review, vol. 34, no. 2. The Islamic Foundation UK.

5. The legal implications of 'fatwa shopping' in the Islamic finance industry: problems, perceptions and prospects. Arab Law Quarterly, (ISI, SCOPUS, ERA, Q3), 30(2), pp.107-137. BRILL (publication date: 24 February, 2017). DOI: https://doi.org/10.1163/15730255-12341319

GRANT DETAILS

Research Grants/Awards

A. Research Grants

2021: King Abdulaziz University Studies to Disseminate Arabic Language Program, (with Professor Muhammad Ayub as Advisor), "A Proposed ‘Takaful Cooperative Participation’ Model and Shariah Parameters for Its Application" (SAR35,000)

2021: King Abdulaziz University Studies aimed at Dissemination of Arabic Language Program, (with A/P Dr Noor Muhammad Osmani as Advisor), "Empowering Muslim Women Between Aspirations and Realism" (SAR25,000)

2018: Universiti Brunei Darussalam FIC Research Grant, (Project Leader with members: Pg Hj Md Hasnol Alwee Bin Pg Hj Md Salleh, Mohd Hairul Azrin Hj Besar, Muhamad Abduh, Dk Hjh Saerah Binti Pg Hj Petra, Hjh Hartini bte Hj Md Yussof, Nazlida Muhamad, and Leong Vai Shiem), "Brunei Islamic Banking and Finance Forum 2018" (BND7,867)

2018: UBD Competitive Research Grant, (Member with Ahmed, M., Naim, N., Kaesberry, N., and Aziah, I.) “Rapid, Simple and Sensitive Detection of Porcine and other Animal Species Using Lateral Flow Dipstick” (BND65,000) - applied

2018: UBD FIC Research Grant (Principal investigator with Pg Hj Md Hasnol Alwee Bin Pg Hj Md Salleh) “Restructuring and Rescheduling of Islamic Finance Products: A Critical Analysis from Shariah Perspectives" (BND23,220) - accepted

2013: IRTI and IIUM Conference Research Grant for winning the ‘Best Paper Award’ (principal author with Umar Oseni) “The legal implications of ‘fatwa shopping’ in the Islamic finance industry: problems, perceptions and prospects” (MYR2,000), presented at 2nd International Conference on Islamic economics & Economies of the OIC Countries, 29-30 January. Kuala Lumpur, Malaysia.

B. Research Scholarship

2006: Postgraduate Research Award Scholarship. To undertake the degree of Doctor of Philosophy at Western Sydney University, Australia, which include a stipend of $28,000 per annum for 3 years.

1984: Undergraduate Scholarship Award. To undertake Lissans in Shariah at the Islamic University of Madinah, Saudi Arabia, which include a stipend of SAR 6,200 per annum for 4 years.

C. Other Research Grants

2017: Universiti Brunei Darussalam Conference Grant (BND5,000), for research paper presentation at 4th International Islamic Economics and Finance Conference in Sabahattin Zaim University, Istanbul, Turkey.

2015: Universiti Brunei Darussalam Conference Grant (BND5,000) for research paper presentation at International Congress on Islamic Economics and Finance in Sakarya University, Turkey.

2014: International Shariah Research Academy for Islamic Finance Conference Grant (RM30,000), for research paper presentation at The Eleventh Harvard University Forum on Islamic Finance in Cambridge, USA.

2014: International Shariah Research Academy for Islamic Finance Conference Grant (RM10,000) for paper presentation at The 6th IFSB Seminar on Legal Issues in the Islamic Financial Services Industry in Brunei Darussalam.

2013: IRTI and IIUM ‘Best Paper’ Award (MR2000), for research paper presentation at The 2nd International Conference on Islamic Economics & Economies of the OIC Countries in Kuala Lumpur, Malaysia.

2012: ‘Best Teacher’ Award (AED4000), Hamdan Bin Mohammed Smart University in Dubai, UAE.

2011: Hamdan Bin Mohammed Smart University Conference Grant (AED8000) for research paper presentation at ICBFP`2011 in Famagusta, North Cyprus.

2005: University of Western Sydney Conference Scholarship (AUD5000) under Higher Degree Research Support Scheme for research paper presentation at Global Finance Conference, Trinity College, Dublin.

2004: University of Western Sydney Postgraduate Research Grant (AUD3000) for research paper presentation at The Fourth Harvard University Forum on Islamic Finance in Cambridge, USA.

RESEARCH OUTPUTS (PATENTS, SOFTWARE, PUBLICATIONS, PRODUCTS)

1.1 Publications

Apart from two major dissertations, which I wrote in fulfillment of the requirements for the degrees of my LLM (Hons.) [https://researchdirect.westernsydney.edu.au/islandora/object/uws:247] and PhD [https://researchdirect.westernsydney.edu.au/islandora/object/uws:6376] at Western Sydney University, Australia and have since been published, I have been actively engaged in theoretical and empirical research and publication on Shariah aspects of Islamic banking and finance. These include the following peer reviewed journal articles, refereed book chapters, books, monographs, refereed conference proceedings and other intellectual contributions (in reverse order).

A. Journal Articles

1. Proposing an organizational framework for Shariah Secretariat of Islamic banks in Bangladesh, ISRA International Journal of Islamic Finance (IJIF) (ESCI, SCOPUS Q2, ABDC C ranked). Emerald Publishing, Bingley, UK. Accepted.

2. The role of CSR to address the economic impact of COVID-19: Evidence from Islamic banks in Bangladesh. Journal of Islamic Accounting and Business Research (JIABR) (ESCI, SCOPUS Q3, ABDC C ranked, ERA, ABS2). Emerald Publishing, Bingley, UK. Accepted.

3. Challenges facing the development of Takaful industry in Bangladesh and Indonesia. Journal of Nusantara Studies (JONUS) (ESCI). Accepted.

4. Women entrepreneurship as a catalyst of economic transition in Bangladesh: implications of the Bangladesh-China-India-Myanmar economic corridor (BCIM-EC). International Journal of Business and Globalisation (SCOPUS, ESCI). Accepted.

5. The application of hibah al-umra in disbursement of family takaful benefits: An exploratory study. International Journal of Islamic and Middle Eastern Finance and Management (IMEFM), (SSCI, SCOPUS Q2, CABS, ABDC B, ERA). Under review.

6. Shariah audit process of Islamic banks in Bangladesh: the present practice and the way forward, Pacific Accounting Review (PAR), (ESCI, SCOPUS Q3, ABDC B ranked, ERA, ABS1). Under review.

7. Debt-free diminishing musharakah home finance - an empirical study of the UK primary finance, International Journal of Islamic Thought, (ESCI, SCOPUS, ERA) Under review.

8. Islamic perspective on women’s capacity for leadership and management: Myths and realities. Administrative Sciences (ESCI, Scopus). Under review.

9. Empowering Muslim women between aspirations and realism. Administrative Sciences (ESCI, Scopus). Under review.

10. The allegation of Mutazialite affinity against Abu Bakr al-Jassas al-Razi: A critical analysis, International Journal of Islamic Thought (IJIT), (ESCI, SCOPUS Q4, ERA). Under review.

B. Books

11. Fundamentals of Islamic Banking and Finance, Singapore: John Wiley & Sons. (Forthcoming textbook). https://www.amazon.in/Fundamentals-Islamic-Banking-Finance-Wiley/dp/1118728831

12. Shariah Governance Systems of Islamic Financial Institutions. Routledge (Taylor & Francis). (SCOPUS). Under publisher's review.

13. Islamic Business Ethics. Routledge (Taylor & Francis). (SCOPUS). Under publisher's review.

14. Laws and Regulations of Islamic Banking and Finance. Routledge (Taylor & Francis). (SCOPUS). Under publisher's review.

C. Chapters in Edited Books

15. Conscious Capitalism and Islam, in Michel, Dion and Moses, Pava (eds), The Spirit of Conscious Capitalism: Contributions of World Religions and Spiritualities. Springer Nature. Accepted.

16. Governance of Islamic financial institutions: the case of Bangladesh, in Toseef Azid, et al, (eds), Corporate Governance and Banking Industry: An Islamic Perspective. Routledge (Taylor & Francis). Accepted.

17. Governance structure affecting dividend policy: comparing Islamic and conventional financial institutions in Malaysia, in Toseef Azid, et al, (eds), Corporate Governance and Banking Industry: An Islamic Perspective. Routledge (Taylor & Francis). Accepted.

18. Takaful as a means for social welfare: transforming it to musharakah Taawuniyyah model, in M. N. Ali (ed), Islamic Finance and Social Welfare, Qatar Faculty of Islamic Studies, Hamad Bin Khalifa University, and Islamic Research and Training Institute. Accepted.

19. Potential of social impact sukuk in Brunei Darussalam from the maslaha perspectives, in Toseef Azid, et al, (eds.), Wealth Management and Investment in an Islamic Setting: Opportunities and Challenges. Springer. Accepted.

20. Metcalfe, B., and Ahmad, A.U.F. (2020). “Women, environment and sustainable development: the role of Islamic finance in Toseef Azid, et al, (eds.), Sustainable Development and Islamic Finance: Challenges and Solutions, Routledge (Taylor & Francis). (SCOPUS). Under review.

2021

1. Determinants of sustainable development in Ibn Khaldun’s thoughts: a case of Indonesia”, in Toseef Azid, et al, (eds), Foundations of a Sustainable Economy: Moral, Ethical and Religious Perspectives, Routledge (Taylor & Francis). DOI: https://doi.org/10.4324/9781003010579

2. Money laundering from Maqasid al-Shariah perspective with particular reference to preservation of wealth (hifz al-mal), Journal of Legal, Ethical and Regulatory Issues (JLERI), 24 (S1), (SCOPUS Q2). Allied Business Academies, London, UK. (publication date: March 26, 2021). https://www.abacademies.org/articles/money-laundering-from-maqid-alsharah-perspective-with-a-particular-reference-to-preservation-of-wealth-hifz-alml.pdf

3. Shariah-compliant equities and Shariah screening: Need for convergence of ethical screening of stocks with Shariah screening, International Journal of Emerging Markets (IJOEM), (ISI, SCOPUS Q3, ABS, ABDC B ranked, ERA). ahead-of-print, Emerald Publishing, Bingley, UK. (publication date: 6 May, 2021) DOI: https://doi.org/10.1108/IJOEM-09-2020-1041

4. "Is Interest rate as a monetary policy instrument appropriate for OIC countries?", in Toseef Azid, et al, (eds.), Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International Overview. (Chapter 7: pp.113-126). Emerald Publishing Limited, Bingley, UK. (publication date: March, 2021). DOI: https://doi.org/10.1108/978-1-80043-786-920211007

5. “Is transaction cost higher or lower in Islamic banking?” in Toseef Azid, et al, (eds.), Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International Overview. (Chapter 10: pp.165-177). Emerald Publishing Limited, Bingley, UK. (publication date: March, 2021). DOI: https://doi.org/10.1108/978-1-80043-786-920211010

6. “Governance structure affecting dividend policy: Comparing Islamic and conventional financial institutions in Malaysia”, in Toseef Azid, et al, (eds.), Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International Overview. (Chapter 13: pp.219-233). Emerald Publishing Limited, Bingley, UK. (publication date: March, 2021). DOI: https://doi.org/10.1108/978-1-80043-786-920211013

7. “What determines bank profitability? Empirical evidence from Turkish banking sector”, in Toseef Azid, et al, (eds.), Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International Overview. (Chapter 14: pp.235-253). Emerald Publishing Limited, Bingley, UK. (publication date: March, 2021). DOI: https://doi.org/10.1108/978-1-80043-786-920211014

8. “Corporate governance of Islamic financial institutions: The case of Bangladesh”, in Toseef Azid, et al, (eds.), Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International Overview. (Chapter 16: pp.279-289). Emerald Publishing Limited, Bingley, UK. (publication date: March, 2021). DOI: https://doi.org/10.1108/978-1-80043-786-920211016

2020

1. External Shariah audit and review committee vis-a-vis Shariah compliance quality and accountability: a case of Islamic banks in Bangladesh, Journal of Public Affairs (ISI, SCOPUS, ABDC B ranked, Q3). DOI: https://doi.org/10.1002/pa.2364

2. Takyif fiqhi on the permissibility of ijarah mawsufah fi al-dhimmah: a critical analysis. International Journal of Islamic Thought, (ISI, SCOPUS, ERA). 17 (1), 1-14. Universiti Kebangsaan Malaysia. DOI: https://doi.org/10.24035/ijit.17.2020.165

3. Conventional futures: derivatives in Islamic law of contract, International Journal of Law and Management, (ISI, SCOPUS, ABDC, BFI, NSD), 62(4), pp.315-337. DOI: https://doi.org/10.1108/IJLMA-10-2017-0242

4. Cash waqf crowdfunding model for SMEs, in A. Rafay (ed.), Handbook of Research on Theory and Practice of Global Islamic Finance, IGI Global, Pennsylvania, USA. pp.338-353. (Scopus). DOI: https://doi.org/10.4018/978-1-7998-0218-1.ch019

5. Islamic commercial jurisprudence, in M. Shammari et al. (eds.), Islamic business administration: concepts and strategies. ISBN: 978-135-200-947-7. Macmillan International. pp.85-107. ISBN: 978-1-352-00948-4. https://www.macmillanihe.com/page/detail/Islamic-Business-Administration/?K=9781352009477

6. Building trust in waqf management: implications of good governance and transparent reporting. The Singapore Economic Review. (ISI, SCOPUS). DOI: https://doi.org/10.1142/S0217590820420059

7. A critical review of takaful companies' contributions to economic developments in fulfillment of maqasid al-Shariah: evidence from Malaysia, in A. Elzahi et. al., (eds.), Enhancing Financial Inclusion through Islamic Finance (Vol 1), Palgrave Macmillan (Scopus). pp.91-106. DOI: https://doi.org/10.1007/978-3-030-39935-1_6

8. Women empowerment and leadership in Islam: between myth and reality, in Toseef Azid & Jennifer Batts (eds.). Economic Empowerment of Women in the Islamic World: Theory and Practice, ISBN: 978-981-121-214-7, World Scientific Publishing Company Pte Ltd., Singapore. pp.39-70. DOI: https://doi.org/10.1142/9789811212154_0003

9. Fintech based Islamic social financing products: a critical evaluation in Y.A. Albastaki et al., (eds.), Innovative Strategies for Implementing Fintech in Banking. IGI Global, Pennsylvania, USA. DOI: https://doi.org/10.4018/978-1-7998-3257-7.ch004

10. Using blockchain and smart contracts for waqf institutions, in Muhammad Anshari, Al Munawar, M.N., and Masri, M. (eds.), Financial Technology and Disruptive Innovation in ASEAN, IGI Global, Pennsylvania, USA, (SCOPUS), pp.225-244. ISBN: 978-1-522-59183-2 (publication date: 2019). DOI: https://doi.org/10.4018/978-1-5225-9183-2

2019

1. The challenges and potentials of improving access to Islamic financial services in non-Muslim countries: the case of Australia, in Ghazali, E. et al., (eds.), Management of Shariah compliant businesses - case studies on creation of sustainable value. Springer. pp. 9-20. ISBN 978-3-030-10907-3. DOI: https://doi.org/10.1007/978-3-030-10907-3

2. Employing Islamic micro-finance in addressing poverty challenges in Brunei: a mudarabah approach, International Journal of Corporate Finance and Accounting, 6 (1), pp.49-61. ISSN: 2334-4628. DOI: https://doi.org/10.4018/IJCFA.2019010104

3. Corporate social responsibility in Islamic banks practices: evidence from Bangladesh, in Toseef Azid, et al, (eds.), Research in Corporate and Shariah Governance in the Muslim World: Theory and Practice, Emerald Publishers. pp.305-314. ISBN: ISBN: 978-1-78973-008-1. DOI: https://doi.org/10.1108/978-1-78973-007-420191032

4. Opportunities and challenges of waqf in Bangladesh: the way forward for socio-economic development. In Ali K., Hassan M., Ali A. (eds.) Revitalization of Waqf for Socio-Economic Development, Volume I. Palgrave Macmillan, Cham. pp 193-212. ISBN 978-3-030-18449-0. DOI: https://doi.org/10.1007/978-3-030-18445-2_10

2018

1. Sukuk risks: a structured review of theoretical research. Journal of Islamic Accounting and Business Research (ISI, Scopus), 10(1), PP.35-49. DOI: https://doi.org/10.1108/JIABR-06-2015-0026

2. "Post-default Sukuk restructuring: an appraisal of Shariah issues. Management of Islamic Finance: Principle, Practice, and Performance (International Finance Review), (ISI, Scopus). 19, pp.113-128. DOI: https://doi.org/10.1108/S1569-376720180000019006

3. Building the index of resilience for Islamic banking in Indonesia: a preliminary research, International Journal of Islamic Economics and Finance. 1 (1), pp.1-32. DOI: https://doi.org/10.18196/ijief.115

4. Evaluation of takaful operators' efforts in realising maqasid al-Shariah. Journal of Islamic Monetary Economics and Finance. 3 (2), pp.397-412. DOI: https://doi.org/10.21098/jimf.v3i2.897

5. “The legal implications of 'Fatwa shopping' in the Islamic finance industry: problems, perceptions and prospects”. in Kersten C. (ed.), The Fatwa as an Islamic Legal Instrument: Concept, Historical Role, Contemporary Relevance. Vol. 3: pp.147-175. Gerlach Press, Berlin & London, UK. (publication date: November 2018). Bibl. record: http://d-nb.info/1136381007

2017

1. Revisiting Shariah standards stock screening criteria, International Journal of Business and Society (ISI, Scopus; H-index 8), 18(S1), pp.151-166. http://www.ijbs.unimas.my/images/repository/pdf/Vol18-S1-paper9.pdf

2. Remodeling Islamic accountability for awqaf institutions: an integration of stewardship concepts, Journal of Islamic Economics, Banking and Finance (ERA, Scopus), 13(2), pp.179-189. http://ibtra.com/pdf/journal/v13_n2_article10.pdf

3. Issues deter the propelling growth of awqaf in Bangladesh and the way forward to its developments and widening the scope of its benefits, in Alam, N. and Rizvi, S.A.R. (eds.), Islamic Economies: Stability, Markets and Endowments, Palgrave Macmillan, pp.79-98. DOI: https://doi.org/10.1007/978-3-319-47937-8

4. The nature of retakaful: risk sharing or transferring risks? in M. Nazim Ali et al, eds. Takaful and Islamic cooperative finance, Edward Elgar Publishing Limited, Cheltenham: United Kingdom, pp.171-191. DOI: https://doi.org/10.4337/9781785363368.00020

5. Achieving sustainable economic development through Islamic microfinance and potential of proposed two tier mudarabah waqf business model", in M. K. Hassan (ed.), Handbook of empirical research on Islam and economic life, Edward Elgar Publishing, pp.193-212. DOI: https://doi.org/10.4337/9781784710736.00016

6. Regulation, performance and future challenges of sukuk: the evidence from Asian markets, in Mutum, D. et. al (eds.), Advances in Islamic finance, marketing and management: an Asian perspective, Emerald Group Publishing Limited, Bingley, United Kingdom, pp.27-48. DOI: https://doi.org/10.1108/978-1-78635-899-820161003

2016

1. The institutional framework for alternative dispute resolution in Islamic finance: evidence from Malaysia, Journal of Islamic Economics, Banking and Finance (ERA, Scopus), 12(2), pp.146-184. DOI: https://doi.org/10.12816/0045552

2. The legal implications of fatwa shopping in the Islamic finance industry: problems, perceptions and prospects, Arab Law Quarterly (ISI, Scopus), 30(2), pp.107-137. DOI: https://doi.org/10.1163/15730255-12341319

3. Towards a global hub: the legal framework for dispute resolution in Malaysian Islamic finance industry, International Journal of Law and Management (ISI, Scopus), 58 (1), pp.48-72. DOI: https://doi.org/10.1108/IJLMA-08-2014-0052

4. Retakaful: risk sharing vs. risk transfer: an examination from the Shariah perspectives, International Shariah Research Academy for Islamic Finance (ISRA) Research paper No. 85/2015, pp.1-23. http://ifikr.isra.my/library/pub/7302

5. Zakah, a comprehensive and effective redistribution strategy for an economy ensuring poverty alleviation and distributive justice, IIUC Business Review, vol.4, December 2015, pp.81-100. https://dspace.iiuc.ac.bd/xmlui/handle/88203/128

6. Islamic insurance: a cooperative model, in E. A. Alim et al, eds. Islamic Commercial Law Report 2016. Kuala Lumpur, Dubai: International Shariah Research Academy for Islamic Finance (ISRA), Thomson Reuters, pp.90-92. https://ribh.files.wordpress.com/2007/08/isra-thomson-reuters-islamic-commercial-law-report-2016.pdf

2015

1. Sharing and transferring risks in retakaful and conventional reinsurance: a critical analysis, Journal of King Abdulaziz University: Islamic Economics (Scopus), 28(2), pp.117-154. DOI: https://doi.org/10.4197/Islec.28-2.4

2. Dispute resolution in Islamic finance: a case analysis of Malaysia, in H.A. El-Karanshawi et al (eds.), Ethics, governance and regulation in Islamic finance. Doha: Bloomsbury Qatar Foundation, pp.125-135. http://irep.iium.edu.my/48708/1/Ethics%2C_Governance_and_Regulation_Islamic_Finance_Book_Volume_4_Web.pdf

3. The search for an alternative to practice of the concept of tabarru in takaful business models, ISRA-Bloomberg Bulletin, February. https://waset.org/abstracts/economics-and-management-engineering/15637

2014

1. The cross-products analysis of Islamic housing finance market: a case of the UK, Journal of Islamic Economics, Banking and Finance (ERA, Scopus), 10(4), pp. 50-73. DOI: https://doi.org/10.12816/0029041

2. Perception of bankers and customers towards deposit and investment mechanisms of Islamic and conventional banking: empirical evidence from Bangladesh, Journal of Islamic Business and Management, 4(2), pp.91-114. DOI: https://doi.org/10.1111/jibm

3. Challenges and potentials of Islamic financial products in the Australian financial market regulation, IIUC Business Review, 3 June, pp.25-55. http://businessreview.iiuc.ac.bd

4. An exploratory analysis of Islamic finance products for housing finance in the UK market, International Journal of Excellence in Islamic Banking and Finance, 4(2), pp.1-19. https://journals.hbmsu.ac.ae/Pages/Articles.aspx?AID=281&IID=67

5. Authority of qawl al-sahabi in fiqh and its application in modern Islamic finance, Journal of Islamic Business and Management, 4(1), pp.125-142. DOI: http://dx.doi.org/10.2139/ssrn.3192270

6. Liquidity management of Islamic banks: the evidence from Malaysian practice, The Global Journal of Finance and Economics, 11(2), pp.175-186. https://serialsjournals.com/index.php?route=product/product/volumedata&type=archive&product_id=433

7. Exploring the model of musharakah taawuniyyah model in takaful, International Shariah Research Academy for Islamic Finance (ISRA) Research paper No. 71, pp.1-25. http://ifikr.isra.my/library/pub/5313

8. The search for an alternative to tabarru in takaful models, International Journal of Economics and Management Engineering, 9(1), p.380. https://waset.org/abstracts/economics-and-management-engineering/15637

9. Laws and regulations of Islamic finance: the evolution and challenges, ISRA Islamic Finance Space, December, 02, pp.8-9. https://ifikr.isra.my/library/viewer2/5801

10. The legal and structural framework for the issuance of sukuk, Islamic Finance News, 17 September, 11(37).

11. Sukuk: an appraisal of Shariah related issues and the way forward, ISRA-Bloomberg Bulletin, August, pp.1-3.

2013

1. Regulatory impediments to Islamic finance the UK and Australia compared, Journal of Islamic Economics, Banking and Finance (ERA, Scopus), 9(4), pp.91-114. http://ibtra.com/pdf/journal/v9_n4_article5.pdf

2. Islamic banking: between myths and reality, Australian Journal of Basic and Applied Sciences (ISI, Scopus), 7(6), pp.323-329. http://www.ajbasweb.com/old/ajbas/2013/April/323-329.pdf

3. Islamic finance in Australia: a critical analysis from taxation and prudential standards perspectives, Advances in Natural and Applied Sciences (ISI, Scopus), 7(2), pp.149-164. http://www.aensiweb.com/old/anas/2013/149-164.pdf

4. Corporate social responsibility in Bangladesh the role of Islami Bank Bangladesh Limited, International Journal of Excellence in Islamic Banking and Finance, 3(1), pp.66-79. https://journals.hbmsu.ac.ae/Pages/Articles.aspx?AID=264&IID=61

5. How Shariah compliant is Islamic banking, in Proceedings of Shariah Economics Conference 2013, Hannover, Germany 09 February, pp.100-107. http://primaindonesia.org/artikel/proceeding-sharia-economics-conference-2013

6. Are sukuk different from conventional bonds? Global Islamic Economics Magazine, September (16), pp.58-59. https://ifikr.isra.my/library/viewer2/6113

2012

1. Shariah parameters of murabaha in Islamic finance: the Australian experience, International Journal of Excellence in Islamic Banking and Finance, 2(1), pp.1-34. https://journals.hbmsu.ac.ae/Pages/Articles.aspx?AID=235&IID=53

2. Opportunities of Islamic finance in the Australian market in the aftermath of the global financial crisis, Journal of Islamic Economics, Banking and Finance (Scopus), 7(4), pp.43-64. http://ibtra.com/pdf/journal/v7_n4_article3.pdf

3. Corporate social responsibility in Bangladesh: the role of Islami Bank Bangladesh Limited, Proceedings of 6th Quality Conference in the Middle East – Innovation Based Competitiveness and Business Excellence, Dubai, UAE 30 January-02 February, pp.103-111. http://www.innovationarabia.ae/wp-content/uploads/iarabiadoc/QC-2012.pdf

4. Blazing the trail: the institutional framework for dispute resolution in Malaysian Islamic finance industry, ISRA International Journal of Islamic Finance (Scopus), 4(2), pp.159-165. https://ifikr.isra.my/library/viewer2/808

2011

1. Shariah parameters of musharaka mutanaqisa in Islamic finance: the experience of Australian institutions offering Islamic financial service, ISRA International Journal of Islamic Finance (ISI, Scopus), 3(2), pp.7-40. https://ifikr.isra.my/library/viewer2/340

2. Current regulation and supervision for Islamic financial market: evidence from Australia, International Journal of Excellence in Islamic Banking and Finance, 1(1), pp.32-46. Doi: https://doi.org/10.2139/ssrn.3193271

3. Principles and practices of Islamic microfinance for a global economy: the case of Bangladesh, Saarbrucken: LAP LAMBERT Academic Publishing GmbH&Co. https://images.our-assets.com/fullcover/2000x/9783844326208.jpg

4. Developments in Islamic finance practice: the experience of Australia, in M. K. Hassan, and H.M. Mahlknecht (eds.), Islamic capital markets: products and strategies. London: John Wiley & Sons Ltd, pp.341-356. DOI: https://doi.org/10.1002/9781119206040

5. Islamic financial products: salient features, In Dubai Exports and Zawya (ed.) The UAE Islamic financial services directory 2011, pp.11-32. https://books.google.com.sa/books?id=I0PHxgEACAAJ

6. A critical analysis of musharaka mutanaqisa (MM) practice by the Islamic financial services providers: the case of Australia, Proceedings of 1st International Conference on Banking and Finance Perspectives, Famagusta, North Cyprus 13-15 April, pp.1-21.

2010

1. Housing finance of Australian Islamic financial services providers (IFSPs): a case analysis from Shariah perspectives, IIUM Journal of Economics and Management, 18(1), pp.1-43. https://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/163/132

2. Shariah maxims and their implication on modern financial transactions. Journal of Islamic Economics, Banking and Finance (Scopus), 6(3), pp.75-104. http://ibtra.com/pdf/journal/v6_n3_article4.pdf

3. Theory and practice of modern Islamic finance: the case analysis from Australia. Florida: Universal Publishers. http://www.universal-publishers.com/book.php?book=1599425173

4. Developments in Islamic banking practice: the evidence from Bangladesh. Florida: Universal Publishers. http://www.universal-publishers.com/book.php?book=1599428288

2009

1. Quality perception of the customers towards domestic Islamic banks in Bangladesh, Journal of Islamic Economics, Banking and Finance (ERA, Scopus), 6(1), pp.109-131. http://ibtra.com/pdf/journal/v5_n1_article5.pdf

2. Islamic microfinance: the evidence from Australia, The International Journal of Systems and Ethics (ISI, Scopus), 25(3), pp.217-235. DOI: https://doi.org/10.1108/08288660910986946

3. Legal and regulatory issues of Islamic finance in Australia, International Journal of Islamic and Middle Eastern Finance and Management (ISI, Scopus), 2(4), pp.305-322. DOI: https://doi.org/10.1108/17538390911006368

2008

1. Islamic micro and medium sized enterprises (MMEs) finance: the case study of Australia, in M. Obaidullah, and H.S. Abdul Latif (eds.), Islamic finance for micro and medium enterprises. Jeddah: IRTI, and Brunei: UBD, pp.240-264. http://staff.ui.ac.id/system/files/users/dodik.siswantoro/publication/obaidullah-micro4.pdf

2. A historical evolution of Islamic banking and capital market: where are we now? Global Islamic Economics Magazine, March (22), 2014, pp.75-76. https://kantakji.com/2655/

3. Regulation and supervision of Islamic financial services providers: the UK and Australian approaches, The American Journal of Islamic Finance, August 13, pp.41-57.

2007

1. Islamic microfinance: a case study of Australia, Journal of Islamic Economics, Banking and Finance (ERA, Scopus), 4(2), pp.59-80. http://ibtra.com/pdf/journal/v4_n2_article3.pdf

2. Riba and Islamic banking, Journal of Islamic Economics, Banking and Finance (ERA, Scopus), 3(1), pp.9-42. http://ibtra.com/pdf/journal/v3_n1_article1.pdf

3. Regulation and performance of Islamic banking in Bangladesh, Thunderbird International Business Review (ISI, Scopus), 49(2), pp.251-277. DOI: https://doi.org/10.1002/tie.20142

4. Islamic micro and medium sized enterprises (MMEs) finance: the case study of Australia, in IRTI (Islamic Research & Training Institute), and UBD (Universiti Brunei Darussalam), 1st International Conference on Inclusive Islamic Financial Sector Development, Brunei Darussalam 17-19 April, pp.816-844. http://staff.ui.ac.id/system/files/users/dodik.siswantoro/publication/obaidullah-micro4.pdf

5. Relevance of the UK approach to the Australian experience in Islamic banking, Islamic Finance News, 4(47), pp.15-16.

6. Development of Islamic banking in Bangladesh, Islamic Finance News, 4(23), pp.13-14.

7. The legal and regulatory framework of Islamic banking in Bangladesh, Islamic Finance News, 4(23), pp.15-17.

8. Financial transactions in Islam: historical evolution, Global Islamic Finance Magazine, 1(1).

2006

1. Zakah and re-distributive justice in Islam, Journal of Muamalat and Islamic Finance Research, 3(1), pp.1-21. http://ddms.usim.edu.my/handle/123456789/5306

2. The adoption of the UK finance bill proposals on Islamic finance into Islamic banking in Australia, Review of Islamic Economics, 10(1), pp.41-57. https://www.researchgate.net/publication/265000522_The_Adoption_of_the_UK_Finance_Bill_Proposals_on_Islamic_Finance_into_Islamic_Banking_in_Australia

3. The time value of money concept in Islamic finance, American Journal of Islamic Social Sciences, 23(1), pp.66-89. DOI: https://doi.org/10.35632/ajiss.v23i1.436

4. Legislation and issues on Islamic banking in Bangladesh, Proceedings of 1st International Forum on Islamic Economics, Finance and Business for Young Scholars, Langkawi, Malaysia 18-20 April, pp.261-279.


1.2 Oral Presentations at International Conferences/Forums

2018

"The proposed cooperative participation model of Islamic insurance: an alternative to takaful business models". The 2nd International Conference on Islamic, Education and Law. 14-15 April. Kelantan, Malaysia.

2017

"Shariah and legal dimensions of post default sukuk restructuring: a critical analysis". The 3rd Islamic Finance Conference Entrepreneurial Finance. 21 December. Jeddah, Saudi Arabia.

"A critical review of takaful companies' contributions to economic developments in fulfillment of maqasid al-Shariah. Thematic Workshop on Enhancing Poor's Capability and Financial Inclusion from Islamic Perspective". 11-12 December 2017. Islamabad, Pakistan.

"Accountability concept in awqaf institutions: an analysis from Islamic perspectives". The Islamic Economic System Conference (iECONS 2017). 12-13 December 2017. Muscat, Oman.

"Evaluation of takaful operators' efforts in realising maqasid al-Shariah: evidence from Malaysia". The 3rd International Islamic Monetary Economics and Finance Conference. 08-09 November 2017. Jakarta, Indonesia.

"Opportunities and challenges of waqf in Bangladesh: the way forward for socio-economic development". Research Workshop on Revival of Waqf for Socio Economic Development. 4-5 November. Dhaka, Bangladesh.

Socially responsible Islamic investment: a review of related literature. International Conference on Business, Economics and Finance. 23-24 August. Universiti Brunei Darussalam. Brunei, Brunei.

An analysis on the role of Islamic microfinance as a strategy in meeting the challenges of poverty in the ASEAN region. International Conference on Business, Economics and Finance. 23-24 August. Universiti Brunei Darussalam. Brunei.

The issue of post default sukuk restructuring: a Shariah analysis. 4th International Islamic Economics and Finance Congress. 15-16 July. Istanbul Sabahattin Zaim University. Istanbul, Turkey.


2016

Potentials of using awqaf funds in Muslim societies in stimulating economic growth: an analysis in the context of Bangladesh. 11th International Conference on Islamic Economics and Finance. 11-13 October. Kuala Lumpur, Malaysia.

Legal, regulatory and other key issues pertaining to sukuk. UBDSBE Seminar Presentation. 27 April. Universiti Brunei Darussalam, Bandar Seri Begawan, Brunei.

Al-mudarabah business model on cash waqf: an alternative paradigm to Islamic microfinance. The 2nd Islamic Finance Conference Islamic Microfinance and Social Responsibility. 20-21 April. Jeddah, Saudi Arabia.

Corporate social responsibility practices of Islamic banks: evidence from Bangladesh. UQU First International Conference on Islamic Banking and Finance. 06-08 March. Makkah, Saudi Arabia.

The role of alternative dispute resolution towards enhancing the effective regulatory framework for Islamic financial market: evidence from Malaysia. UQU First International Conference on Islamic Banking and Finance. 06-08 March. Makkah, Saudi Arabia.


2015

Legal, regulatory and other key issues pertaining to Sukuk. International Congress on Islamic Economics and Finance. 21-23 October 2015, Sakarya, Turkey.

Promoting maqasid al- Shariah and achieving sustainable economic development: the potential of proposed two tier mudarabah business model on cash waqf. The 1st International Conference on Shariah Oriented Public Policy in Islamic Economic System. 30-31 March. Aceh, Indonesia.

A case for transforming takaful from corporation to musharakah taawuniyyah model. 9th International Conference on Islamic Economics and Finance. 23-25 April. Doha, Qatar.

Shariah issues in retakaful. 9th International Conference on Islamic Economics and Finance. 23-25 April. Doha, Qatar.

Can alternative dispute resolution mechanisms resolve Islamic finance disputes in Malaysia? International Conference on Management, Education and Social Sciences Research. 04-05 April. Karachi, Pakistan.

Liquidity management of Islamic banks: the evidence from Malaysian practice. Sydney International Business Research Conference. 17-19 April. Sydney, Australia.

Diminishing partnership practice of Islamic financial services providers: the case of Australia. UBDSBE Seminar Presentation. 13 January. Universiti Brunei Darussalam, Bandar Seri Begawan, Brunei.

The potential of zakah in redistributing economic justice and poverty alleviation: a case study of Bangladesh. International Conference on Development of Social Enterprise and Social Business for Eradication of Extreme Poverty and Street Begging. 19-20 December. Chittagong, Bangladesh.


2014

Corporate social responsibility (CSR) initiatives of Islamic banks: empirical evidence from Bangladesh. 1st Sharjah International Conference on Islamic Finance. 5-6 November. Sharjah, UAE.

Musharakah tawuniyyah: exploring an alternative to the application of the doctrine of tabarru in takaful. 2nd ASEAN International Conference on Islamic Finance. 12-14 November. Yogyakarta, Indonesia.

The nature of retakaful: risk sharing or transferring risks? 11th Harvard University Forum on Islamic Finance -Takaful and Alternative Cooperative Finance: Challenges and Opportunities. 25-27April. Massachusetts: USA.

Developments and challenges in legal infrastructure of sukuk: a cross country analysis. 6th IFSB Legal Seminar on Innovation in Sukuk Securitisation and Islamic Hedging Instruments: Developments and Challenges. 25 March. Bandar Seri Begawan, Brunei.


2013

Shariah scholars, ijtihad and decision making in Islamic finance. International Seminar on Usul Fiqh 2013, 23-24 October. Kuala Lumpur, Malaysia.

Status of qawl al-sahabi, vis-a-vis its importance and application in modern Islamic finance. International Seminar on Usul Fiqh 2013. 23-24 October. Kuala Lumpur, Malaysia.

Role of zakah in poverty alleviation through re-distributive justice. World Universities Islamic Philanthropy Conference 2013. 04-05 December. Kuala Lumpur, Malaysia.

Regulatory impediments to Islamic finance: the UK and Australia compared. 2nd International Conference on Islamic Economics & Economies of the OIC Countries. 29-30 January. Kuala Lumpur, Malaysia.

An exploratory study of Islamic housing finance market: a case of the UK. 2nd International Conference on Islamic Economics & Economies of the OIC Countries. 29- 30 January. Kuala Lumpur, Malaysia.

The legal implications of fatwa shopping in the Islamic finance industry: problems, perceptions and prospects. 2nd International Conference on Islamic Economics & Economies of the OIC Countries. 29-30 January. Kuala Lumpur, Malaysia.

How Shariah compliant is Islamic banking. Shariah Economics Conference 2013. 09 February. Hannover, Germany.


2011

Corporate social responsibility in Bangladesh: the role of Islami Bank Bangladesh Limited. 6th Quality Conference in the Middle East Innovation based Competitiveness and Business Excellence. 30 January - 02 February. Dubai, UAE.

Dispute resolution in Islamic finance: a case analysis of Malaysia. 8th International Conference on Islamic Economics and Finance. 19-21 December. Doha: Qatar.

A critical analysis of musharakah mutanaqisah (MM) practice by the Islamic financial services providers: the case of Australia. 1st International Conference on Banking and Finance Perspectives. 13-15 April. Famagusta, North Cyprus.

The case of Australia: assessing the practice of diminishing partnership (DP) by the Islamic financial services providers. 2nd Annual Middle East Public Private Partnership. 06-07 February. Abu Dhabi, UAE.


2010

The impact of global financial crisis on Islamic financial sectors: opportunities of Islamic finance to tap into the Australian market. International Research Conference on Global Financial Crisis and the Resilience of Islamic Financial Services. 13 December. Kuala Lumpur, Malaysia.

Regulation and supervision of Islamic financial services providers (IFSPs): a case study of Australia. 4th International Conference on Islamic Banking and Finance: Risk Management, Regulation and Supervision. 4-6 April. Khartoum, Sudan.

Islamic finance in Australia: the potential problems and prospects. 7th International Conference. The Tawhidi Epistemology: Zakat and Waqf Economy. 06-07 January. Selangor, Malaysia.


2009

Housing finance of Australian Islamic financial services providers (IFSPs): an empirical analysis from Shariah perspectives. 1st International Conference on Islamic Economics and Economies of the OIC Countries. 28-29 April. Kuala Lumpur, Malaysia.


2008

Regulation of Islamic finance in Australia: challenges and opportunities, MCFS Symposium - Islamic Financial Services: What Role for Australia? 21 November. Melbourne, Australia.

Regulatory challenges and opportunities: a case of Australia. Islamic Banking and Finance Symposium: Ethics and Financial Practice in Global Perspective. 20 November. Melbourne, Australia.

Islamic banking: a case analysis from Bangladesh. Islamic Banking and Finance Symposium: Ethics and Financial Practice in Global Perspective. 20 November. Melbourne, Australia.

Legal and regulatory issues of Islamic finance industry: the evidence from the UK and Australia. 6th International Islamic Finance Conference. 13-14 October. Kuala Lumpur, Malaysia.

Islamic microfinance: evidence from Australia. 6th International Conference on Islam and the World System, Unity of the Sciences. 14-15 January. Chittagong, Bangladesh.


2007

Shariah-based banking: evidence from Bangladesh. 2nd Islamic Economics Conference: Comprehensive and Balanced Development among Islamic Countries: Cooperation, Opportunities & Challenges. 17-19 July. Kuala Lumpur, Malaysia.

Islamic micro and medium sized enterprises (MMEs) finance: the case study of Australia. 1st International Conference on Inclusive Islamic Financial Sector Development. 17-19 April. Brunei.


2006

Legislations and issues on Islamic banking in Bangladesh. 1st International Forum on Islamic Economics, Finance and Business for Young Scholars. 18-20 April. Langkawi, Malaysia.

Legal and regulatory issues of Islamic finance in Australia. INCEIF Islamic Banking and Finance Educational Colloquium 2006. 03-05 April. Kuala Lumpur: Malaysia.


2005

The adoption of the UK finance bill proposals on Islamic finance into Islamic banking in Australia. 12th Global Finance Conference. 27-29 June. Dublin, Ireland.

The monetary valuation of time in Islamic finance. 12th Global Finance Conference. 27-29 June. Dublin, Ireland.


2004

Time value of money: Islamic perspectives. International Seminar on Financial Management from an Islamic Perspective. 21-23 December. Dhaka, Bangladesh.

Islamic banking in Bangladesh: legal and regulatory issues. 6th Harvard University Forum on Islamic Finance. 08-09 May. Massachusetts, USA.


FULL PAPERS SUBMISSION TO INTERNATIONAL CONFERENCES

Papers accepted for oral presentation

1. Small and medium enterprises (SME) financing through cash waqf crowdfunding: a proposed model, 4th Islamic Finance Conference on Blockchain, Smart Contract And Islamic Financing. 05, December 2018. Jeddah, Saudi Arabia. (Accepted for oral presentation)

2. Fintech based Islamic social financing products, 4th Islamic Finance Conference on Blockchain, Smart Contract And Islamic Financing. 05, December 2018. Jeddah, Saudi Arabia. (Accepted for oral presentation)

3. Labour productivity, work experience, age and education in Indonesian weaving industry, International Conference on Interdisciplinary Global Applied Research. 17-18 November 2018. Jakarta, Indonesia. (Accepted for oral presentation)

4. Challenges affecting the performance of small, micro and medium enterprises in developing countries: possible solutions and way forward through Islamic finance. 12th International Conference for Islamic Economics and Finance 2019. 10-11 February, 2019. Makkah, Saudi Arabia. (Accepted for oral presentation)

RESEARCH CONTRIBUTIONS

Research Grant/Funding

2017: Universiti Brunei Darussalam Conference Grant (BND 5,000) Istanbul Sabahattin Zaim University, Turkey.

2015: Universiti Brunei Darussalam Conference Grant (BND 5,000) Sakarya University in Sakarya, Turkey.

2014: International Shariah Research Academy for Islamic Finance Conference Grant (RM30,000), Harvard University in Cambridge, USA.

2014: International Shariah Research Academy for Islamic Finance Conference Grant (MYR 10,000) for paper presentation. The 6th IFSB Seminar on Legal Issues in the Islamic Financial Services Industry in Brunei Darussalam.

2013: IRTI and IIUM Best Paper Presentation Award (MYR 2,000) in Islamic finance stream at the 2nd International Conference on Islamic Economics & Economies of the OIC Countries in Kuala Lumpur, Malaysia.

2011: Hamdan Bin Mohammed Smart University Conference Grant (AED 8,000) for paper presentation. ICBFP`2011 in Famagusta.

2005: University of Western Sydney Conference Scholarship (AUD 5,000) under Higher Degree Research Support Scheme Global. Finance Conference, Trinity College, Dublin.

2004: University of Western Sydney Postgraduate Research Grant (AUD 3,000). Harvard University in Cambridge.

Postgraduate Students

PhD Thesis Supervision

My supervisory role: Principal Supervisor
Name of student: Ssemambo Hussein Kakembo
Title of thesis: Challenges facing microfinance towards poverty alleviation in Uganda and the prospects of adopting Islamic microfinance as an alternative strategy: a case study of Wakiso district
Date commenced: March 2017
Date of anticipated completion: 2020

MPPM Research Project Supervision
My supervisory role: Project Academic Advisor
Name of student: Pg. Khairil Bahriah binti Pg. Haji Mohd. Ali
Title of Project: Towards an inclusive and sustainable social security system: challenges and future prospects of social safety net in Brunei Darussalam
Date commenced: August 2018
Date of anticipated completion: August 2019

PhD Theses Examination

Universiti Malaysia Terengganu (UMT), Malaysia; 2020, External

Universiti Putra Malaysia, Malaysia; 2019 (1), External

Universiti Putra Malaysia, Malaysia; 2019(2), External

Western Sydney University, Australia; 2019, External

PhD, Universiti Putra Malaysia, Malaysia; 2019 (3), External

Lahore College for Women University, Pakistan; 2019 (1), External

Lahore College for Women University, Pakistan; 2019 (2), External

Lahore College for Women University, Pakistan; 2019 (3), External

International Islamic University Malaysia (IIUM), Malaysia, 2018; External

International Women University, Pakistan, 2018 (4); External

Universiti Brunei Darussalam, Brunei, 2018: Internal

Universiti Islam Sultan Sharif Ali, 2017; External

Universiti Teknologi MARA, Malaysia, 2017; External

Universiti Brunei Darussalam, Masters thesis, 2016; Internal

Victoria University, Australia, 2014; External

La Trobe University, Australia, 2013; External

Student Advisor

2010 - 2012: Acted as academic advisor of 120 students, School of Business and Quality Management at Hamdan Bin Mohammed Smart University, Dubai.

Supervisor: Project Paper

2015 - Present: Supervised 10 Internship project papers as Supervisor at UBD School of Business and Economics, Universiti Brunei Darussalam.

2013 - 2015: Supervised 112 Internship project papers as Supervisor, INCEIF, The Global University of Islamic Finance, Kuala Lumpur, Malaysia.

2010 - 2012: Supervised 12 Internship project papers as Supervisor, eSchool of Business and Quality Management at Hamdan Bin Mohammed Smart University, Dubai.

Jury Board: Member

International Research, Invention and Innovation Exhibition 2014 (IRIIE), International Islamic University Malaysia

Assessor, Faculty Member Promotion 2014, International Islamic University Malaysia.

Services to Research

Editor: Academic Peer Reviewed Journal

2010 - 2016: International Journal of Excellence in Islamic Banking and Finance, UAE, (International) - Editor

Editor: Associate Editor

2013 - Present: Australian Journal of Basic and Applied Sciences, Jordan. (International) – Senior Editor

2013 - 2015: ISRA International Journal of Islamic Finance, Malaysia. (International) – Co-editor


RESEARCH RECOGNITION

Peer recognition

Keynote Address

Can alternative dispute resolution mechanisms resolve Islamic finance disputes in Malaysia? International Conference on Management, Education and Social Sciences Research. 04-05 April, 2015. Karachi, Pakistan

Shariah scholars, ijtihad and decision making in Islamic finance, International Seminar on Usul Fiqh 2013, 23-24 October, 2013. Kuala Lumpur, Malaysia.

Problems of Islamic banking in Bangladesh, Seminar of Islamic Economics Research Bureau Bangladesh. 09 January. Dhaka, Bangladesh.


Invited Speech

Developments and challenges in legal infrastructure of Sukuk: a cross country analysis. 6th IFSB Legal Seminar on Innovation in Sukūk Securitisation and Islamic Hedging Instruments: Developments and Challenges. 25 March. Bandar Seri Begawan, Brunei.

Islamic banking: the evidence from Bangladesh, International Islamic University Chittagong (IIUC). 31 December, 2001. Chittagong, Bangladesh.

Islamic microfinance in Australia, BIBF (Bahrain Institute of Banking and Finance). 17 May, 2006. Manama: Bahrain.

CONSULTANCY

I have recently been appointed as Honorary 'Shariah Audit Executive' of Islamic Bank of Australia, the first Australian owned fully functional Islamic bank project in Australia under the Islamic Financial Services Australia (IFSA).

My consultancy also includes the following, among others.

Journals' Editorial Advisory Board Member
2018 - Present: The Journal of Islamic Governance, Brunei
2017 - Present: Journal of Islamic Law and Judiciary, Bangladesh
2017 - Present: Journal of Philanthropy, Malaysia
2016 - Present: Shirkah Journal of Economics and Business, Indonesia
2014 - Present: International Journal of Islamic Thoughts, Bangladesh
2014 - Present: Journal of Islamic Economics, Banking and Finance (Scopus), Bangladesh
2010 - 2016: Humanomics: The International Journal of System and Ethics, UK (Scopus)
2010 - Present: Journal of Islamic Accounting and Business Research, UK (Scopus)
2009 - Present: International Journal of Islamic and Middle Eastern Finance and Management, UK (Scopus)
2009 - Present: The Open Law Journal, USA
2008 - Present: Global Islamic Finance Magazine, UK

Ad hoc Reviewer for Peer Reviewed Refereed Journals

2016 - Journal of King Abdulaziz University: Islamic Economics (Scopus)
2015 - Present: Deakin Law Review, Australia (ABDC)
2010 - Present: University of New South Wales Law Journal, Australia (ABDC)
2009 - Present: Islamic Economic Studies, Saudi Arabia
2009 - Present: Review of Islamic Economics, UK
2009 - Present: African Journal of Business Management, South Africa
2008 - Present: American Journal of Islamic Social Sciences, USA
2007 - Present: Thunderbird International Business Review, USA (Scopus)

Industry, Institute, or Organisation Collaboration

I have active collaboration with Islamic finance industry since 1997. I have been invited as speaker by Islamic Research and Training Institute (IRTI) of Islamic Development Bank (IsDB), Jeddah to many international conferences held in Brunei, Bangladesh, Pakistan, Malaysia, Sudan, Nigeria, Qatar, Saudi Arabia and Indonesia. I have also been invited by Islamic Financial Services Board as keynote speaker at the 6th IFSB Seminar on Legal Issues in the Islamic Financial Services Industry held in Brunei in 2014. I have also been engaged by International Shariah Research Academy for Islamic Finance (ISRA), Khazanah Nasional, and Securities Commission (SC) Malaysia as coordinator of a book publication project entitled 'A Textbook on Sukuk' which is published in 2017.

INDUSTRY EXPERIENCE

June, 2016 - Present: Shariah Audit Executive, Islamic Bank Australia Project, Sydney, Australia

July, 1998 - Present: Chairman, Shariah Supervisory Board, Islamic Cooperative Finance Australia Limited, Sydney, Australia

November, 1997 - July, 2000: Islamic Legal Advisor, Bangladesh Islamic Centre of NSW Inc., Sydney, Australia

March, 1997 - November, 1997: Sharih Supervisor, Islami Bank Bangladesh Limited, Bangladesh

SOCIAL, ECONOMIC, or ACADEMIC BENEFITS

I have gained plethora of experience in meaningful community engagement and partnership initiatives beginning from my work as Executive Director of an NGO in Bangladesh, an ongoing Advisor of Bangladesh community organisation (Bangladesh Islamic Center Inc.) living in Sydney and my current role as Advisory Board Chairman of 2 community welfare organisations in Sydney, namely the Australian Muslim Welfare Center Inc. and Islamic Cooperative Finance Australia Limited. Besides, I have championed Islamic finance in Australia. My research on the subject is the first landmark contribution to Australian Islamic finance in terms of its regulation and the Shariah compliance of its current practice. Given the recommendations I have made in my groundbreaking work on Theory and practice of modern Islamic finance: The case analysis from Australia, the Australian government is now taking serious steps to promote Islamic finance as an opportunity for Australia to access offshore capital pools from the Middle East and Asia to finance domestic investment needs. In response to Dr Ahmad's recommendations, Australia is now also planning legislative changes to provide a level playing field for Islamic finance products. His contributions have greatly helped nurture Islamic finance in Australia.

In recognition of my reputation and contribution to research in the Australian Islamic finance industry, I was approached by the NSW Department of Premier and Cabinet to help introduce laws in Australia in order to create a level playing field for Islamic and non-Islamic finance. Along with many others in this field, my pioneering efforts during the last 20 years have resulted in wider acceptance for Islamic finance and it is hoped that the relevant regulatory bodies in Australia will introduce independent Islamic finance regulations in the near future.