Mahadi Ahmad

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An empirical study of the challenges facing zakat and waqf institutions in Northern Nigeria

Purpose – The purpose of this paper is to unearth the factors inhibiting the development of zakat (the Islamic obligatory alms) and waqf (endowment) institutions in Northern Nigeria, with the aim of proffering appropriate solutions. Design/methodology/approach – This paper uses…

Journal (English)

Zakat Calculation Methodologies of Islamic Financial Institutions in Malaysia: A Critical Review

INTRODUCTION The ways in which people manage their wealth and financial affairs have developed rapidly in the 20th and 21st centuries. New types of assets have emerged, and various forms of companies with independent legal entity have been created. Accounting…

Research Paper

Taxing Takāful Products under the Goods and Services Tax (GST) Act 2014 and Sales and Service Tax (SST) Act 2018 in Malaysia: A Sharīʿah Appraisal

Taxing Takāful Products under the Goods and Services Tax (GST) Act 2014 and Sales and Service Tax (SST) Act 2018 in Malaysia: A Sharīʿah Appraisal Research Team Dr. Mahadi Ahmad, Burhanuddin Lukman, Saba’ Radwan Jamal Elatrash International Shari’ah Research Academy…

Research Paper

Actual Loss: Its Implications in Early Settlements and Defaults on Islamic Bank Financings

Islamic banks as financial intermediaries face asset liability mismatches when their customers breach the terms and conditions of their agreements, and these events affect banks’ profitability. While conventional banks are free to impose various charges on their customers in such…

Research Paper

A Proposed Integrated Temporary Cash Waqf and Salam for Agri-Financing for Rice Farmers in Indonesia

MAHADI AHMAD International Shariah Research Academy for Islamic Finance [email protected]   ABSTRACT   Thestudy posits ‘back-to-salam based temporary cash waqf model’ through an instrument toenable Indonesian Waqf Board (BWI) and Indonesian Waqf Funds (TWI) viable for this role.The  paper  employs …

Event Papers

التمويل الذاتي في قطاع مؤسسات التعليم العالي بأسهم وقف النقد من خلال الاكتتاب العام

التمويل الذاتي في قطاع مؤسسات التعليم العالي بأسهم وقف النقد من خلال الاكتتاب العام ) IPO ) )أحد مشاريع التي تحت إشراف اسرا(

Event Papers

Bayʿ wa Salaf: An Analysis of Fiqhī Views and Contemporary Islamic Banking Practices

An authentic ḥadīth was reported to the effect that the Prophet (r) prohibited bayʿ wa salaf (combination of sale and loan in one transaction). Based on that, numerous works by classical scholars have reported juristic consensus that bayʿ wa salaf…

Research Paper

Fiqhī views on bayʿ wa salaf and qard -based Islamic banking deposit accounts in Malaysia

Purpose – Islamic banks are obliged to carry out transactions that only comply with Islamic commercial laws. Malaysia has been championing the Sharīʿah-based banking system, and so, continuous improvement on the compliance level of the institutions offering Islamic financial services…

Journal (English)

Bay’ Wa Al-Salaf: Analisis Daripada Perspektif Fiqah (Paper)

Event Papers

Towards Examining Islamic Banking Products that have Connection with Bay' wa Salaf (Combination between Sale and Loan in One Transaction) in Malaysia (ISRA Shariah Workshop 2017)


Social Impact Bonds: A Shari'ah Point of View

This research discusses a new financing instrument for social projects—called Social Impact Bonds (SIBs)—that has recently emerged to address the needs of the underprivileged. It undertakes a brief Sharīʿah analysis on SIBs, specifically examining some nominate Islamic contracts that share…

Journal (English)

Stemming Water-Related Deaths In Sub-Saharan Africa: The Place Of Islamic Project Finance And Malaysian Contractors

Annually 3.5 million children under the age of 5 years die from water-related diseases, as reported by the World Health Organisation (WHO). The bulk of these deaths are in the developing countries of Asia, Latin America and Sub-Saharan Africa (SSA).…

Journal (English)

Stemming water-related deaths in Sub-Saharan Africa: the Place of Islamic Project Finance & Malaysian Contractors


Event Papers


  Title Author

Inside Islamic Finance - Episode 2 (IRP 101 with Dr. Mahadi Ahmad)

Join Dr. Riaz Ansary and Dr. Mahadi Ahmad discuss ISRA's Research Paper: "Bay' wa Salaf: An Analysis of Fiqhi Views and Contemporary Islamic Banking Practices" in the second episode of Inside Islamic Finance. Our new web series explores selected ISRA…

Mahadi Ahmad, Riaz Ansary