Zubair Hasan

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Academic sociology: The alarming rise in predatory publishing and its consequences for Islamic economics and finance

Purpose: The purpose of this paper is to explore the causes and impact of predatory online publishing on Islamic economics and finance. Design/methodology/approach: The method adopted involves a library literature scan to identify the origin and expansion of predatory publishing,…

Journal (English)

Financing Economic Growth with Stability from Islamic Perspective [Journal of Islamic Business and Management (JIBM)]

Evidence  has  been  mounting  that  the  interest-based  debt  financing  regime  is  under  increasing distress.  Evidence  also  suggests  that  the  financial  crises,  whatever  title  they  carried -exchange rate  crisis  or  banking  crisis –have  been  debt  related  crises  in essence.  At  present,…


Money Creation and Control from Islamic Perspective - [ Journal of Islamic Business and Management (JIBM) ]

This paper deals with familiar facts in monetary economics from an unfamiliar angle. It argues that it is not factual to regard the legal tender money and bank credit as of different genus: they work in tandem to the same…


The Evolution of Islamic Economics: A Critical Analysis

Since the ill-conceived separation of finance from Islamic economics in the literature, the latter has landed in confusion and neglect. Of late, much concern is being voiced about this state of affairs; divergence of views on various aspects of the…

Journal (English)

Risk Sharing Versus Risk Transfer in Islamic Finance: A Critical Appraisal

Some writers on Islamic finance have recently resuscitated the old ‘no risk, no gain’ precept from the earlier literature in the wake of the 2007-2008 financial crisis. They argue that the basic reason for the recurrence of such crises is…

Journal (English)

The BASEL Accords, Financial Turmoil And Islamic Banks

The primary cause of the worldwide colossal failures of financial institutions—banks in particular—in the wake of the 2007–2008 turmoil was the heightened lure of leverage gains that led them to expand credit beyond what the volume and quality of their…

Journal (English)

Islamic Home Financing And Ownership Transfer To The Customer: Models Compared

This research aims to correct a misconception about the Zubair Diminishing Balance Model (ZDBM), which is free of return compounding and wherein the transfer of ownership to the customer perfectly matches the payment rate.

Journal (English)

Islamic Norms, the Excel Formula and Home Financing Models

This paper adds to the series of writings on Islamic home financing presented and published by the author since February 2010. It spells out certain norms Islamic banks must observe in home financing and demonstrates that the conventional model based…

Journal (English)

Islamic Home Finance in the Social Mirror

Shelter is one of the basic needs for human beings. Its availability for the people is an Islamic imperative. In view of the appalling living conditions of a substantial proportion of the population in most countries around the world, especially…

Journal (English)

Islamic Finance: The Structure-Objective Mismatch and Its Consequences

This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long term vision to…

Journal (English)