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Research

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Prof Habib Ahmed, MA Economics (Chittagong, Bangladesh), MEcon (Oslo, Norway), PhD (Connecticut, USA)

Professor in Islamic Finance in the Business School
Telephone: +44 (0) 191 33 45114
Fax: +44 (0) 191 33 45201
Room number: MHL 381
Sharjah Chair in Islamic Law and Finance in the School of Government and International Affairs

Contact Prof Habib Ahmed (email at habib.ahmed@durham.ac.uk)

Biography

Before joining Durham University as the Sharjah Chair, Habib Ahmed was Manager, Research and Development, Islamic Banking Development Group, The National Commercial Bank (NCB), Kingdom of Saudi Arabia. He also worked at Islamic Research & Training Institute of the Islamic Development Bank Group, Saudi Arabia and taught at the University of Connecticut, USA, National University of Singapore, and University of Bahrain. He has been a member of the Capital Adequacy Working Group of Islamic Financial Services Board (IFSB) which is responsible for, among others, setting standards and guidelines for Islamic banks and financial institutions.

Mini Biography

Before joining Durham University as the Sharjah Chair, Habib Ahmed was Manager, Research and Development, Islamic Banking Development Group, The National Commercial Bank (NCB), Kingdom of Saudi Arabia. He also worked at Islamic Research & Training Institute of the Islamic Development Bank Group, Saudi Arabia and taught at the University of Connecticut, USA, National University of Singapore, and University of Bahrain.

Research Groups

Business School

Durham Centre for Islamic Economics and Finance

School of Government and International Affairs

Research Interests

  • Islamic Economics and Finance
  • Contemporary applications of Islamic commercial law
  • Economics of law
  • Non Profit Organisations and Waqf

Publications

Articles: magazine

  • Ahmed, Habib (2013). Islamic Wealth Management: Goals and Instruments. The Q Report Issue No. 1 / 2013: 26-30.
  • Ahmed, Habib (2012). A different perspective on the financial crisis. Papers of Dialogue 3: 18-19.
  • Ahmed, Habib (2012). Defining Ethics in Islamic Finance: Looking Beyond Legality. New Horizon 184, July-September 2012: 20-26
  • Ahmed, Habib (2011). Waqf as a Sustainable Social Enterprise: Organisational Architecture and Prospects. Global Islamic Finance 32-39.

Books: authored

  • Ahmed, Habib (2011). Product Development in Islamic Banks. Edinburgh: Edinburgh University Press.
  • Ahmed, Habib (2004). 'Role of Zakat and Awqaf in Poverty Alleviation'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Ahmed, Habib & Chapra, M. Umer (2002). 'Corporate Governance in Islamic Financial Institutions'(Translated into Arabic). Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Ahmed, Habib & Khan, Tariqullah (2001). 'Risk Management: An Analysis of Issues in Islamic Financial Industry'(Translated into Arabic and French). Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.

Books: booklets

  • Ahmed, Habib (2007). 'Issues in Islamic Corporate Finance: Capital Structure in Firms'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Ahmed, Habib (2005). 'Operational Format for Islamic Equity Finance: Lessons from Venture Capital'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Ahmed, Habib (2002). 'A Microeconomic Model of an Islamic Bank'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Ahmed, Habib (2001). 'Exchange Rate Stability: Theory and Policies from an Islamic Perspective'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.

Books: edited

Edited works: contributions

  • Ahmed, Habib (2013). 'Financial Inclusion and Islamic Finance: Organizational Formats, Products, Outreach and Sustainability'. In Economic Development and Islamic Finance. Iqbal, Zamir & Mirakhor, Abbas The World Bank, Washington DC. 203-229.
  • Ahmed, Habib (2012). 'Organizational models of Islamic microfinance'. In Shari'a Compliant Microfinance. S. Nazim Ali Routledge. 17-32.
  • Ahmed, Habib (2012). 'Waqfs'. In Encyclopedia of Global Studies. Helmut K. Anheier Mark Juergensmeyer & Victor Faessel Sage Publications, Thousand Oaks.
  • Ahmed, Habib (2011). 'Waqf-Based Microfinance: Realizing the Social Role of Islamic Finance'. In Essential Readings in Contemporary Waqf Issues. Monzer Kahf & Siti Mashitoh Mahamood CERT, Kuala Lumpur.
  • Ahmed, Habib (2009). 'The Methodology of Islamic Economics'. In Encyclopedia of Islamic Economics, Principles, Definitions & Methodology. M.N. Siddiqi Yildiz A.S., Istanbul. 177-185.
  • Ahmed, Habib & Khan, Tariqullah (2007). 'Risk Management in Islamic Banking'. In Handbook on Islamic Banking. Hassan, M. Kabir & Lewis, Mervyn K. Edward Elgar.
  • Ahmed, Habib (2006). 'Withdrawal Risk in Islamic Banks, Market Discipline and Bank Stability'. In Islamic Financial Architecture: Risk Management and Financial Stability. Khan, Tariqullah & Muljawan, Dadang Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group. 457-477.
  • Ahmed, Habib (2005). 'The Islamic Financial System and Economic Growth: An Assessment'. In Islamic Finance and Economic Development. Iqbal, Munawar & Ahmad, Ausaf New York: Palgrave Macmillan. 29-48.
  • Ahmed, Habib (2002). 'Incentive Compatible Profit-Sharing Contracts: A Theoretical Treatment'. In Islamic Banking and Finance: New Perspectives in Profit Sharing and Risk. Iqbal, Munawar & Llewellyn, David T. Edward Elgar. 40-54.

Journal papers: academic

  • BinMahfouz, Saeed & Ahmed, Habib (2013). 'Shariah Investment Screening Criteria: A Critical Review'. Journal of King Abdulaziz University: Islamic Economics forthcoming.
  • Dian Masyita & Habib Ahmed (2013). Why is Growth of Islamic Microfinance Lower than its Conventional Counterparts in Indonesia? Islamic Economic Studies 21(1): 35-62.
  • Ahmed, Habib (2012). 'Islamic Law, Investors' Rights and Corporate Finance'. Journal of Corporate Law Studies 12 (2): 367-392
  • Ahmed, Habib (2012). The Islamization of Economies and Knowledge: A New Institutional Economics Perspective. American Journal of Islamic Social Sciences 29(4): 22-45.
  • Ahmed, Habib (2011). Maqasid al-Shari’ah and Islamic Financial Products: A Framework for Assessment. ISRA International Journal of Islamic Finance 3(1): 149-160.
  • Ahmed, Habib (2011). Risk Management Assessment Systems: An Application to Islamic Banks. Islamic Economic Studies 19 (1): 63-86.
  • Ahmed, Habib (2011). Shar'iah Governance Regimes for Islamic Finance: Types and Appraisal -I regimi di governance conformi alla shari’ah nella finanza islamica: tipologia e valutazione. Economia Internazionale - International Economics 64(4): 393-412.
  • Ahmed, Habib (2009). 'Financial Crisis: Risks and Lessons for Islamic Finance'. ISRA International Journal of Islamic Finance 1(1): 7-32.
  • Ahmed, Habib (2008). 'Zakah, Macroeconomic Policies and Poverty Alleviation: Lessons from Simulation on Bangladesh'. Journal of Islamic Economics, Banking and Finance 4(2).
  • Ahmed, Habib, Hallwood, C. Paul & Miller, Stephen M. (2008). The Exchange Rate Investment Nexus and Exchange Rate Instability: Another Reason for ‘Fear of Floating’. KEIO Economic Studies 45: 49-79.
  • Ahmed, Habib (2006). 'Islamic Law, Adaptability and Financial Development'. Islamic Economic Studies 13(2): 79-101.
  • Ahmed, Habib (2004). 'Frontiers of Islamic Banking: A Synthesis of Social Role and Microfinance'. The European Journal of Management and Public Policy 3(1): 120-140.
  • Ahmed, Habib (2002). 'Financing Microenterprises: An Analytical Study of Islamic Microfinance Institutions'. Islamic Economic Studies 9(2): 27-64.
  • Ahmed, Habib & Miller, Stephen M. (2002). 'The Level of Development and the Determinants of Productivity Growth: A Cross-Country Analysis'. Applied Economics 34: 1089-1095.
  • Ahmed, Habib & Dua, Pami (2001). Effects of Monetary Variables on Real Output: Sensitivity Analysis. Applied Economics Letters 8: 65-69.
  • Ahmed, Habib & Stephen M. Miller (2000). 'Crowding-Out and Crowding-In Effects of the Components of Government Spending'. Contemporary Economic Policy 18(1): 124-133
  • Ahmed, Habib (1999). 'The Operating Format of Microfinance Schemes and the Core Poor under Persistent Shocks'. Savings and Development 23 (1): 57-67
  • Ahmed, Habib & Jose Tongzon (1998). 'An Investigation of Economic Linkages among ASEAN Group of Countries'. ASEAN Economic Bulletin 15 (2): 121-36.
  • Ahmed, Habib (1998). 'Responses in Price and Output to Monetary Shocks and the Interest Rates: A Rational Expectations Model with Working Capital'. Economic Letters 61: 351-58.
  • Ahmed, Habib & Miller, Stephen M. (1997). 'Monetary and Exchange Rate Policies in Multisectoral Economies'. Journal of Business and Economics 49(4): 321-34.
  • Ahmed, Habib & Randolph, Susan (1995). Liquidity Constraints, Productivity, Employment, and Output: Evidence from Nonagricultural Activities in Bangladesh. Journal of International Trade and Economic Development 4(3): 283-304.

Journal papers: professional

Supervises