We use cookies to ensure that we give you the best experience on our website. You can change your cookie settings at any time. Otherwise, we'll assume you're OK to continue.

Durham University

Email and Telephone Directory

Staff Profile

Professor Mehmet Asutay, BA, MSc, PgDip, MA, PhD

Professor of Middle Eastern and Islamic Political Economy & Finance. Director, MSc Islamic Finance Programme. Director, Durham Centre for Islamic Economics and Finance. in the Business School
Telephone: +44 (0) 191 33 47179
Room number: MHL 378

(email at


Mehmet has a BA in Public Finance from the University of Istanbul (Turkey); continued for MSc in Public Finance at the University of Istanbul; has Postgraduate Diploma in Economic and Social Policy Analysis, University of York (UK); MA in Economics of Public Policy, Department of Economics of the University of Leicester (UK); Ph.D. in Political Economics, University of Leicester.

Mehmet teaches and supervises research on Islamic Political Economy; Islamic Moral Economy; Islamic Banking, Finance and Management; Political Economy of Development in the Middle East including Turkish Political Economy and Kurdish Political Economy.

He is the Director of Durham Centre for Islamic Economics and Finance; and is the Programme Director for MSc in Islamic Finance and MSc in Islamic Finance & Management; and also the Director of the Durham Islamic Finance Summer School.

Mehmet is the Managing Editor of the Review of Islamic Economics; and is an Associate Editor of the American Journal of Islamic Social Science; and in the Editorial Board of International Journal of Islamic and Middle Eastern Finance and Management and Borsa Istanbul Review.

He is the Honorary Treasurer of the BRISMES (British Society for Middle Eastern Studies); and of the IAIE (International Association for Islamic Economics).

Current Research

Mehmet's recent research includes the construction of Islamic moral/political economy, which is considered as an incomplete project since early 1970s. By following the earlier contributions made by the founding fathers, Mehmet aims to systemise Islamic political economy as the defining framework for the moral or social economy aimed at by Islamic economics, a term that falls short of the aspirations. Secondly, Mehmet develops the discourse around ‘social and developmentalist failure’ of Islamic banking and finance in relation to the expressed ideals of Islamic moral economy. In reflecting on the political economy nature of Islamic finance, he is also researching the political economy of Islamic finance related developments in various parts of the world (particularly in Turkey, Malaysia and Indonesia). Mehmet also involved in empirical research in various aspects of Islamic finance.

Mini Biography

Director, Durham Doctoral Training Centre in Islamic Finance


Research Groups

Business School

Research Interests

  • Islamic economics/Islamic moral economy
  • Islamic finance, banking and management
  • Political economy of development – Middle East, Turkey and Kurds
  • Political economics, public choice and public sector economics

Teaching Areas

  • Islamic Political Economy; Islamic Economics; Islamic Finance


Media Contacts

Available for media contact about:

  • Government: Middle East Political Economy; Turkish Political Economy; Kurdish Political Economy
  • Middle eastern and Islamic studies: Middle East Political Economy; Turkish Political Economy; Kurdish Political Economy
  • Business, Economics & Employment: Islamic economics, banking and finance
  • Business, Economics & Employment: Middle East Political Economy; Turkish Political Economy; Kurdish Political Economy