Aznan Hasan
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View article: Climate-Related Financial Risk Disclosure: A Critical Review of Mapping and Mitigating Strategies of BIS and ECB Documents
Climate-Related Financial Risk Disclosure: A Critical Review of Mapping and Mitigating Strategies of BIS and ECB Documents Open
Climate-related financial risk is a much more debatable issue in contemporary banking regulation literature. Bank for International Settlements (BIS) has issued detailed consultative instructions for the disclosure of climate-related risk …
View article: Green Finance in the Global South: A Case Study of Bangladesh
Green Finance in the Global South: A Case Study of Bangladesh Open
The Global South suffers the most from global warming, deteriorating air quality, and so on. But it fails to put the green agenda on the table in a timely fashion. For instance, some South Asian economies attempted to address it in the ear…
View article: Governance of Generative Artificial Intelligence
Governance of Generative Artificial Intelligence Open
The field of knowledge management and knowledge management systems is evolving and dynamic. In the era of developed information technology systems, the dynamics of knowledge creation and dissemination have also changed. Generative artifici…
View article: Cash Waqf in Islamic Jurisprudence and its Applicability to Support Health Care in the Muslim Community in Ghana
Cash Waqf in Islamic Jurisprudence and its Applicability to Support Health Care in the Muslim Community in Ghana Open
This study explores the cash waqf and health care issues within the Muslim community in Ghana. The community encounters numerous health challenges due to the Ghanaian national health insurance's limited coverage of all health services, par…
View article: Cash Waqf: Ethical & sustainable Qard Hasan Microfinancing in Malaysia for B40 & M40 inclusion
Cash Waqf: Ethical & sustainable Qard Hasan Microfinancing in Malaysia for B40 & M40 inclusion Open
This study explores the integration of Qard Hasan with Cash Waqf (QHCW) as a funding source to support microfinancing for the B40 and M40 income groups in Malaysia. The research attempts a mixed-method approach, combining qualitative inter…
View article: Beyond Management Challenges: A Demise of a Cash Waqf Foundation
Beyond Management Challenges: A Demise of a Cash Waqf Foundation Open
This study investigates how management challenges have caused the demise of the Ahlussunnah Wal-Jamaah Waqf Foundation (ASWAJWF) in Ghana using human resource theory and the behavioral theory of leadership. Interviews were conducted with 2…
View article: Applications of Waqf-Featured Fund in the Malaysian Islamic Fund Management Industry: A Comparative Study
Applications of Waqf-Featured Fund in the Malaysian Islamic Fund Management Industry: A Comparative Study Open
Historical evidence demonstrates the enormous role waqf institutions have played in the development and advancement of Muslims throughout the Muslim history. With the proper structure and strategy, waqf contributes to numerous spheres of l…
View article: The impact of IFRS adoption on economic growth in transition countries: Evidence from CIS
The impact of IFRS adoption on economic growth in transition countries: Evidence from CIS Open
International financial reporting standards (IFRS) have become a worldwide common accounting language which most countries have adopted. However, there are no studies obtained based on transition economies in a particular geographic zone. …
View article: THE INFLUENCE OF BASEL III ON ISLAMIC BANK RISK
THE INFLUENCE OF BASEL III ON ISLAMIC BANK RISK Open
This paper investigates the impact of bank regulatory capital on Islamic bank risk using bank-level data from 29 countries covering the period from 2004 to 2020. Applying the generalized method of moments technique on dynamic panels, we di…
View article: AN ASSESSMENT OF ENFORCEABILITY OF FOREIGN JUDGMENTS AND SPV INCORPORATION IN SUKUK WITH A SPECIFIC REFERENCE TO SAUDI ARABIA, UAE, AND BAHRAIN
AN ASSESSMENT OF ENFORCEABILITY OF FOREIGN JUDGMENTS AND SPV INCORPORATION IN SUKUK WITH A SPECIFIC REFERENCE TO SAUDI ARABIA, UAE, AND BAHRAIN Open
In both Islamic and conventional finance, SPVs (Special Purpose Vehicles) are a crucial part of securitisation. In an Islamic mode of securitisation, the SPV is accountable to facilitate the management of Sukuk, holding the title of the un…
View article: BASEL III CAPITAL REGULATION FRAMEWORK AND ISLAMIC BANK’S RISK
BASEL III CAPITAL REGULATION FRAMEWORK AND ISLAMIC BANK’S RISK Open
Basel III modified the requirements for approving new regulatory capital norms to improve capital quality. Because bank liquidity problems were a defining feature of the crisis, Basel III established new requirement ratios while also tight…
View article: Evaluating Sukuk Default Factors: A Case Study on Dana Gas Sukuk in the UAE
Evaluating Sukuk Default Factors: A Case Study on Dana Gas Sukuk in the UAE Open
In the last couple of years, the Islamic finance industry was rocked by several sukuk defaults, the most prominent among them being Dana Gas Sukuk. These defaults led to hordes of questions related to Shariah governance, unstandardized leg…
View article: Keynote Speech: Sustainability of Fiscal Policy in Malaysia
Keynote Speech: Sustainability of Fiscal Policy in Malaysia Open
This keynote speech was delivered at the International Conference on Interdisciplinary and Strategic Studies (ICRIS) on August 12, 2021. It shed light on the sustainability of fiscal policy especially during the COVID-19 pandemic and call …
View article: Factors Affecting the Performance of Zakat Administration in Malaysia: An AHP Approach
Factors Affecting the Performance of Zakat Administration in Malaysia: An AHP Approach Open
The primary objective of this study is to investigate the views of zakat professionals on the factors affecting the performance of zakat administration in Malaysia. This study started with library research to critically review previous lit…
View article: The impact of IFRS adoption on foreign direct investment in CIS
The impact of IFRS adoption on foreign direct investment in CIS Open
Exploring the relationship between International Financial Reporting Standards (IFRS) and Foreign Direct Investment (FDI) inflows is the main objective of this paper. Although IFRS is identified as a determinant of FDI, a few studies have …
View article: Unit Trust with Waqf Feature as Sustainable Investment Conceptual Model in The Era of Post-COVID-19
Unit Trust with Waqf Feature as Sustainable Investment Conceptual Model in The Era of Post-COVID-19 Open
Harnessing a sustainable waqf model remains as the key challenge faced by waqf managers particularly in the mid of socio-economic crisis post-COVID-19 pandemic. This paper aims to present the viability of unit trust waqf as an alternative …
View article: Classification of Defaulter in the Payment of Debt in Islamic Banking Practices from Sharī‘Ah Perspective
Classification of Defaulter in the Payment of Debt in Islamic Banking Practices from Sharī‘Ah Perspective Open
This paper discusses the issue of treatment of debt defaulter from Islamic perspective and its current practices in Islamic banking and finance. In brief, the paper begins with an overview of debt and its payment obligation. The paper also…
View article: A Critique of Bangladeshi Adoption of Basel Type Capital Regulation: An Institutional View
A Critique of Bangladeshi Adoption of Basel Type Capital Regulation: An Institutional View Open
International concern on bank capital and minimum capital adequacy was first raised in 1980, in the G-10 countries governors meeting at the Bank for International Settlements (BIS) to respond to a series of bank failures and financial inst…
View article: An analysis of residue net estate distribution to <i>bayt al-māl</i> in Singapore
An analysis of residue net estate distribution to <i>bayt al-māl</i> in Singapore Open
Purpose This paper aims to examine the current practice in Singapore regarding an inheritance issue: disposal of the residual net estate to the bayt al-māl , which is identified as the Islamic Religious Council of Singapore (Majlis Ugama I…
View article: Special Standards of Corporate Governance of Islamic Banks and their Application on Islamic Banks in Qatar
Special Standards of Corporate Governance of Islamic Banks and their Application on Islamic Banks in Qatar Open
The aim of this study is to discuss the specific requirements for the corporate governance of Islamic banks by clarifying the concept of corporate governance and its legislative and historical framework. It also discusses the most prominen…
View article: Conceptual model of unit trust waqf based on fixed unit trusts structure
Conceptual model of unit trust waqf based on fixed unit trusts structure Open
This paper aims to present the viability of unit trust waqf as an alternative asset class for waqf creation. The paper provides the conceptual framework of unit trust waqf based on the existing fixed unit trusts structure managed under Per…
View article: Contemporary structuring of corporate waqf via Islamic real estate investment trusts (i-reits): is it viable?
Contemporary structuring of corporate waqf via Islamic real estate investment trusts (i-reits): is it viable? Open
Waqf or Islamic endowment is an important institution in the
\nsocial sector (ijtimia’i sector) of the Islamic economic system that
\nhas contributed significantly towards socio-economic and social
\ndevelopment since the early days of Isl…
View article: Proposed models for unit trust waqf and the parameters for their application
Proposed models for unit trust waqf and the parameters for their application Open
Purpose This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation. Design/methodology/approach This paper starts with the conceptual exploration of the literature in the…
View article: A proposed human resource management model for zakat institutions in Malaysia
A proposed human resource management model for zakat institutions in Malaysia Open
Purpose The purpose of this study is to propose a contemporary human resource management (HRM) framework by zakat institutions, which collect and manage religious alms, both obligatory (zakat) and voluntary ( ṣadaqah ), in Malaysia. Design…
View article: Unit Trust Waqf: in the light of contemporary Fatwa = Unit amanah: sorotan fatwa semasa
Unit Trust Waqf: in the light of contemporary Fatwa = Unit amanah: sorotan fatwa semasa Open
Waqf institutions have contributed significantly towards the advancement of ummah during the golden era of Islamic civilization. In line with rapid development of Islamic financial system throughout the world, unit trust has been identifie…
View article: Waqf Unit Trust: sharī'ah issues and applications
Waqf Unit Trust: sharī'ah issues and applications Open
This chapter discusses on the potentials of waqf unit trust as an alternative asset class promoting the sustainability of waqf funds. Waqf unit trust does not only cultivate philanthropic values through deeper public penetration but also e…
View article: The potential of sharī'ah-compliant equity crowdfunding as a source of fund for new entrepreneurs in Malaysia
The potential of sharī'ah-compliant equity crowdfunding as a source of fund for new entrepreneurs in Malaysia Open
Equity crowdfunding has become an increasingly popular fundraising method used particularly to assist new entrepreneurs or start-ups in establishing their projects. It operates using internet facility by leveraging on social networking sit…
View article: An Analysis of Codified Corporate Governance Practices in the Banking Industry: The Case Study of Bangladesh
An Analysis of Codified Corporate Governance Practices in the Banking Industry: The Case Study of Bangladesh Open
Introducing a well-designed system of corporate governance is considered an effective tool to ensure the stability and resilience of a banking system. It was in 2006 when Bangladesh initiated its first corporate governance code (CG code). …
View article: Maqāṣid al-Sharīʿah and the Online Banking System: Implications for Service Delivery
Maqāṣid al-Sharīʿah and the Online Banking System: Implications for Service Delivery Open
One of the Sharīʿah’s requirements in conducting transactions is realising the Maqāṣid al-Sharīʿah. The Modern online banking system is very common to everyone, so it is considered as al-ʿUrf or al-ʿādah (common practice or custom) under t…