Ashraf Md. Hashim

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Publication

  Title Category / Type
1

Editorial

In the Name of Allah, Most Gracious, Most Merciful. The tendency in the early stages of the Islamic finance industry was to replicate successful products from the conventional finance industry after adjusting them to conform to Sharīʿah principles. This strategy…

Journal (English)
2

Editorial

In the Name of Allah, Most Gracious, Most Merciful. The tendency in the early stages of the Islamic finance industry was to replicate successful products from the conventional finance industry after adjusting them to conform to Sharīʿah principles. This strategy…

Journal (English)
3

Editorial

In the Name of Allah, Most Gracious, Most Merciful. The tendency in the early stages of the Islamic finance industry was to replicate successful products from the conventional finance industry after adjusting them to conform to Sharīʿah principles. This strategy…

Journal (English)
4

Editorial

In the Name of Allah, Most Gracious, Most Merciful. The tendency in the early stages of the Islamic finance industry was to replicate successful products from the conventional finance industry after adjusting them to conform to Sharīʿah principles. This strategy…

Journal (English)
5

Editorial

In the Name of Allah, Most Gracious, Most Merciful. The development of the Islamic finance market over the years has not been without its challenges, whether on the political, legal, Sharīʿah or commercial fronts. Notwithstanding these challenges, the Islamic finance…

Journal (English)
6

المعايير الشرعية والمتطلبات التشغيلية للبنك المركزي الماليزي : رؤية منهجية

Event Papers
7

ISRA-Bloomberg Shari'ah stock screening and income cleansing methodologies: a conceptual paper

Purpose – The purpose of this paper is to explain and critically analyse the Sharīʿah screening criteria and cleansing process for income generated from stockswith a special focus on a newly developed ISRA-Bloombergmethodology. Design/methodology/approach – The paper focuses on the…

Journal (English)
8

INCOME PURIFICATION METHODOLOGY FOR SHARIAH-COMPLIANT STOCKS (ISRA-TR REPORT 2017)

Among modern corporations, it is barely possible to find a company whose business activities or sources of income are purely Shariah-compliant. In view of this, the majority of Shariah scholars have allowed for investing in the stocks of companies which…

Articles
9

MAJOR CHALLENGES IN ESTABLISHING A GLOBAL SHARIAH GOVERNANCE FRAMEWORK (ISRA-TR Report 2016)

T he Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and International Financial Services Board (IFSB) standards on Shariah governance have not been enacted as legislature or institutionalized by the majority of Islamic finance institutions and regulatory authorities in…

Articles
10

The Parameters of Hiyal in Islamic Finance

Ḥiyal (legal stratagems) play a significant role in Islamic finance as they may provide remedies and alleviate financial predicaments in many products. Nevertheless, excessive use of ḥiyal may amount to circumvention of Sharīʿah rulings and contravention of the objectives of…

Research Paper
11

The Basis for Imposition of Fees and Charges in Islamic Banking Products and Services

As a financial intermediary, an Islamic financial institution (IFI) generates two different types of income, namely (1) funding income and (2) nonfunding income. Funding income refers to income that an IFI generates from its fund-based products that are typically under…

Research Paper
12

Shariah Screening Methodology & its Role in the Takaful Industry

ISRA Bloomberg Bulletin Fatwa in Islamic Finance
13

The Parameters of Permissible Risk in Takaful

The concept of risk in takaful (Islamic insurance) is slightly different from the concept of risk in conventional insurance. Some risk in takaful shall be treated as permissible (halal) and some risk shall be treated as impermissible (haram). halal is…

Research Paper
14

Kos Sebenar (Fi dan Caj) dalam Kewangan Islam: Analisis dari Perspektif Syariah

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Event Papers
15

The Shari'ah Ruling on Capital Guarantee in a Mudarabah Contract

The Islamic Financial Services Act (IFSA) 2013 provides regulation and supervision for Islamic financial institutions and promotes financial stability and compliance with the Shari'ah. IFSA came into force on 30 June, 2013. It requires Islamic financial institutions to ensure that…

Research Paper
16

Jaminan Mudharib Di Dalam Kontrak Mudharabah (Kertas Kerja)

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Event Papers
17

Isu Jaminan Mudarib Dalam Konteks Mudarabah: Rujukan Khusus Terhadap Industri Kecil & Sederhana

Antara kekangan bank-bank yang melaksanakan perbankan Islam dalam menawarkan produk pembiayaan berasaskan perkongsian seperti mudarabah ialah isu jaminan modal. Ini kerana antara prinsip asas dalam kontrak mudarabah ialah tanggungjawab jaminan terletak di atas bahu pemodal (rabb al-mal). Dalam konteks pembiayaan…

Research Paper
18

Pioneering Thoughts On Commodity Hawalah: Facilitating The Trading Of Debt?

One of the major contentious areas within the Islamic finance industry is the sale or tradability of debt and debt-based instruments, the issue revolving around the principle of bay' al-dayn. Jurisdictions which permit bay' al-dayn have experienced tremendous growth, particularly…

Research Paper
19

The Parameter of Permissible Risks in Takaful

Little research has been carried out on the concept of risk in takaful. Furthermore, risk in takaful has traditionally been associated with conventional insurance risks. As a result, although the literature on the operational concept of takaful is rich, this literature does not address the…

Journal (English)
20

Cost of Funds – Is It a Part of Actual Loss (Ta'wid)?

The research aims to identify whether the cost of funds can be treated as actual loss that can be recognized as revenue of Islamic Financial Institutions (IFIs). At the outset, the research will show how the understanding of the cost…

Journal (English)

Video

  Title Author
1

IFD2019 1st Dialogue Session: Shariah Transcendence in Fintech - Part 1

1st Dialogue Session: Shariah Transcendence in Fintech Dr. Zaharuddin Abd Rahman (MD/Founder, Elzar Shariah Solutions & Advisory Sdn Bhd) Associate Prof. Dr. Aishath Muneeza (Lecturer, INCEIF) Moderator: Prof. Dr. Ashraf Md. Hashim (CEO, ISRA Consultancy Sdn Bhd)

Ashraf Md. Hashim, Zaharuddin Abdul Rahman
2

IFD2019 1st Dialogue Session: Shariah Transcendence in Fintech (part 2)

1st Dialogue Session: Shariah Transcendence in Fintech Dr. Zaharuddin Abd Rahman (MD/Founder, Elzar Shariah Solutions & Advisory Sdn Bhd) Associate Prof. Dr. Aishath Muneeza (Lecturer, INCEIF) Moderator: Prof. Dr. Ashraf Md. Hashim (CEO, ISRA Consultancy Sdn Bhd)

Ashraf Md. Hashim, Zaharuddin Abdul Rahman
3

IFD2019 1st Dialogue Session: Shariah Transcendence in Fintech (part 3)

1st Dialogue Session: Shariah Transcendence in Fintech Dr. Zaharuddin Abd Rahman (MD/Founder, Elzar Shariah Solutions & Advisory Sdn Bhd) Associate Prof. Dr. Aishath Muneeza (Lecturer, INCEIF) Moderator: Prof. Dr. Ashraf Md. Hashim (CEO, ISRA Consultancy Sdn Bhd)

Ashraf Md. Hashim, Zaharuddin Abdul Rahman
4

IFD2019 1st Dialogue Session: Shariah Transcendence in Fintech (part 4)

1st Dialogue Session: Shariah Transcendence in Fintech Dr. Zaharuddin Abd Rahman (MD/Founder, Elzar Shariah Solutions & Advisory Sdn Bhd) Associate Prof. Dr. Aishath Muneeza (Lecturer, INCEIF) Moderator: Prof. Dr. Ashraf Md. Hashim (CEO, ISRA Consultancy Sdn Bhd)

Ashraf Md. Hashim, Zaharuddin Abdul Rahman
5

IFD2019 - Award Presentation & Closing Speech by Assoc. Prof. Dr. Aznan Hasan

Ashraf Md. Hashim, Aznan Hasan, Farrukh Habib