Staff Directory
Academic Qualification
- Doctor of Philosophy in Law - Doctor of Philosophy, University of Wales, Lampeter
- Master in Syariah - Masters Degree, University of Cairo
- Bachelor of Arts in Syariah Islamiah - Bachelor Degree, University Al-Azhar, Cairo
Aznan Bin Hasan (Prof. Dr.)
Professor
IIUM KL Campus
INSTITUTE OF ISLAMIC BANKING AND FINANCE
haznan@iium.edu.my
4192
Expert Profile
Dr. Aznan Hasan is an Associate Professor in Islamic Law and the former Head of Islamic Law Department, Ahmad Ibrahim Kulliyyah of Laws, IIUM. He is currently the President of the Association of Shariah Advisors in Islamic Finance (ASAS), and the Deputy Chairman of Shariah Advisory Council, Securities Commission. He was a member of Shariah Advisory Council (SAC) of Bank Negara Malaysia for two terms (2006-2008, 2010-2013). Prior to joining SAC of Bank Negara Malaysia, he was the Chairman of Shariah Advisory Board, ACR Retakaful MEA, Bahrain and SEA, Malaysia, where he was instrumental in the setting up of ACR Retakaful Model from Shariah point of view.
Currently, he is the Chairman of Shariah Committee, Maybank also serves as the Chairman of Shariah Advisory Board, Barclays Capital (DIFC, Dubai), a member of Shariah Advisory Board, ABSA Islamic Bank (South Africa), FNB Bank (South Africa), European International Islamic Bank (EIIB) (London) Yasaar Limited (London), Khalij Islamic (London), Cordoba Capital (Dubai), Amanah raya Berhad, Amanah Raya Investment Bank Labuan, Employee Provident Fund (EPF) and some other financial institutions and corporate bodies at both local and international levels.
He also serves as a Shariah consultant to Maybank Investment Bank and Hong Leong Islamic Bank. He is a registered Shariah Advisor for the Islamic Unit Trust Scheme and Islamic securities (Sukuk), Securities Commission of Malaysia and a member of Shariah Supervisory Board and Investment Committee, Waqaf Foundation, a corporate entity formed by the Government to oversee the application of Waqaf in Malaysia.
Dr Aznan had been involved in the advisory and structuring of various Islamic financial products, including banking products, capital market products and takaful products. He also provides advisory services in Islamic wealth management, waqaf and zakat. Dr. Aznan Hasan received his first degree in Shariah from the University of al-Azhar, and then successfully completed his Master's degree in Shariah from Cairo University with distinction. He then obtained his Ph. D from the University of Wales, Lampeter, United Kingdom.
Currently, he is the Chairman of Shariah Committee, Maybank also serves as the Chairman of Shariah Advisory Board, Barclays Capital (DIFC, Dubai), a member of Shariah Advisory Board, ABSA Islamic Bank (South Africa), FNB Bank (South Africa), European International Islamic Bank (EIIB) (London) Yasaar Limited (London), Khalij Islamic (London), Cordoba Capital (Dubai), Amanah raya Berhad, Amanah Raya Investment Bank Labuan, Employee Provident Fund (EPF) and some other financial institutions and corporate bodies at both local and international levels.
He also serves as a Shariah consultant to Maybank Investment Bank and Hong Leong Islamic Bank. He is a registered Shariah Advisor for the Islamic Unit Trust Scheme and Islamic securities (Sukuk), Securities Commission of Malaysia and a member of Shariah Supervisory Board and Investment Committee, Waqaf Foundation, a corporate entity formed by the Government to oversee the application of Waqaf in Malaysia.
Dr Aznan had been involved in the advisory and structuring of various Islamic financial products, including banking products, capital market products and takaful products. He also provides advisory services in Islamic wealth management, waqaf and zakat. Dr. Aznan Hasan received his first degree in Shariah from the University of al-Azhar, and then successfully completed his Master's degree in Shariah from Cairo University with distinction. He then obtained his Ph. D from the University of Wales, Lampeter, United Kingdom.
Area of Specialisation
- Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Islamic Banking
- Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Islamic Insurance - Islamic Insurance (Takaful)
- Humanities ~ Humanities ~ Religious Studies ~ Islamic Studies - Jurisprudence, Zakat & Waqaf
- Economics, Business And Management ~ Economics, Business And Management ~ Investment ~ Islamic Investment Instrument
Teaching Responsibilities
CONTEMPORARY ISSUES IN ISLAMIC FINANCE | 2018/2019 2014/2015 2013/2014 2012/2013 2011/2012 |
INTRODUCTION,PRINCIPLES OF ISLAMIC JURISPRUDENCE | 2014/2015 |
ISLAMIC CAPITAL MARKET | 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 2013/2014 2012/2013 2011/2012 |
ISLAMIC COMMERCIAL LAW | 2019/2020 2018/2019 2017/2018 2016/2017 |
ISLAMIC COMMERCIAL LAW II | 2011/2012 |
ISLAMIC CONSTITUTIONAL LAW II(ARABIC) | 1998/1999 |
ISLAMIC FINANCIAL & BANKING TRANSACTIONS (ARABIC) | 2016/2017 2015/2016 2014/2015 2013/2014 2012/2013 |
ISLAMIC FINANCIAL SYSTEM | 2018/2019 |
ISLAMIC LAW OF BANKING & TAKAFUL | 2009/2010 2008/2009 |
ISLAMIC LAW OF BANKING AND SECURITIES | 2010/2011 2009/2010 2008/2009 2007/2008 2006/2007 |
ISLAMIC LAW OF BANKING AND TAKAFUL | 2010/2011 2009/2010 |
ISLAMIC LEGAL SYSTEM I (ARABIC) | 1999/2000 |
ISLAMIC TRANSACTIONS & FINANCE (MUAMALAT) | 2007/2008 2006/2007 2005/2006 2004/2005 |
LEGAL FRAMEWORK AND ISSUES IN ISLAMIC BANKING AND FINANCE | 2022/2023 2021/2022 |
PARTNERSHIP AND IJARAH CONTRACT | 2011 2010/2011 2009/2010 2008/2009 |
QURANIC AYAT & HADITH ON LAW I (ARABIC) | 1999/2000 1998/1999 |
QURANIC AYAT & HADITH ON LAW III (ARABIC) | 1999/2000 |
SUQ RAS AL-MAL AL-ISLAMI | 2023/2024 2022/2023 |
TRANSACTION IN ISLAMIC BANKING & FINANCE | 2006/2007 |
TRANSACTION IN ISLAMIC LAW I | 2005/2006 |
TRANSACTIONS IN ISLAMIC BANKING AND FINANCE | 2013/2014 |
TRANSACTIONS IN ISLAMIC LAW I | 2006/2007 2005/2006 2004/2005 2003/2004 |
TRANSACTIONS IN ISLAMIC LAW I (ARABIC) | 1998/1999 |
TRANSACTIONS IN ISLAMIC LAW II (ARABIC) | 1998/1999 |
USUL AL FIQH I(ARABIC) | 2004/2005 2003/2004 |
USUL AL FIQH III (ARABIC) | 2008/2009 2007/2008 |
USUL AL FIQH IV (ARABIC) | 2003/2004 |
Supervision
The Issuance Of Shariah Compatible Preference Shares For The Islamic Banks And Islamic Capital Markets
.
Ph.D
Completed
2024
Main Supervisor
|
البنك االجتماعي اإلسالمي
دراسة وصفية حتليلية. Waqf Bank: Issues, Challenges And Strategies.
Ph.D
Completed
2023
Main Supervisor
|
مدى التزام املؤسسات الوقفية بتطبيق مبادئ احلوكمة يف اململكة
العربية السعودية: دراسة حتليلية استكشافية. The Extent Of Waqf Institutions Compliance With Governance Principles In Saudia Arabia. An Analytrical Exploratorystudy.
Ph.D
Completed
2023
Main Supervisor
|
The Impact Of Basel Iii On The Risk Of Islamic
Banks.
Ph.D
Completed
2023
Main Supervisor
|
المرابحة المصرفية والإجارة المنتهية بالتمليك وتطبيقاتهما في بنك نزوى بسلطنة عُمان
. Banking Murabaha And Ijarah Muntahia Bittamleek And Their Applications In Bank Nizwa, Sultanate Of Oman .
Ph.D
Completed
2023
Main Supervisor
|
إمكانية تطبيق صيغ الإجارة بمصرف التنمية الصناعية الليبي كأداة تمويلية للشركات الصناعية. The Possibility Of Using Islamic Financing Tools Based On Al-Ijarah To Finance Companies As An Alternative To Industrial Loan In Libya: An Applied Analytical Study (Arabic).
Ph.D
Completed
2023
Main Supervisor
|
Critical Analysis Of Regulatory Framework For The Issuance Of Sukuk In The Gcc With Particular Reference To The Kingdom Of Saudi Arabia, United Arab Emirates And Kingdom Of Bahrain.
Ph.D
Completed
2023
Main Supervisor
|
دور الرقابة الداخلية يف حتسني األداء املايل للجمعيات التعاونية يف
دولة الكويت. The Role Of Internal Control In Improving The Financial Performance Of Cooperatives In The State Of Kuwait (Arabic).
Ph.D
Completed
2023
Main Supervisor
|
The Adoption Of Cryptocurrency Backed By Gold For Blockchain-Based International
Net Settlements To Enhance Financial Stability: A Paradigm Shift In Monetary
Policy Reform.
Ph.D
Completed
2023
Co-supervisor
|
Al-Ma'Alat Framework For Islamic Banks
In Qatar
.
Ph.D
Completed
2022
Main Supervisor
|
Contribution Of Mufti Taqi Usmani In Identifying Rulings Of The Sale Contract Applied In Shari'Ah Compliant Financing Comparative Study With Collective Ijtihad.
Ph.D
Completed
2021
Co-supervisor
|
Contribution Of Mufti Taqi Usmani In Identifying Rulings Of The Sale Contract Applied In Shari'Ah Compliant Financing Comparative Study With Collective Ijtihad.
Ph.D
Completed
2021
Co-supervisor
|
الصكوك الإسلامية ودورها في إدارة السيولة نحو مقترح تطبيقي في ظل القوانين والتشريعات الجديدة في ليبيا(دراسة استكشافية تطبيقية. Sukuk And Its Role In Liquidity Management Towards A Practical Proposal Under The New Law And Legislation In Libya.
Ph.D
Completed
2020
Main Supervisor
|
حوكمة المصارف الإسلامية في ضوء المعايير الرقابية والإشرافية " دراسة تحليلية على المصارف الإسلامية بدولة قطر. Governance Of Islamic Banks In Light Of The Supervisory Standards: Analytical Study Of Islamic Banks Of The State Of Qatar.
Ph.D
Completed
2020
Co-supervisor
|
حوكمة المصارف الإسلامية في ضوء المعايير الرقابية والإشرافية " دراسة تحليلية على المصارف الإسلامية بدولة قطر. Governance Of Islamic Banks In Light Of The Supervisory Standards: Analytical Study Of Islamic Banks Of The State Of Qatar.
Ph.D
Completed
2020
Co-supervisor
|
Islamic Wealth Management: Analysis Of Estate Distribution Practices And Mechanisms In Singapore
.
Ph.D
Completed
2020
Co-supervisor
|
نظرية الحوكمة الشرعية للمؤسسات المالية
دراسة تطبيقية لنظام الحوكمة الشرعية لدولة الكويت. Shariah Giovernance For Islamic Financial Institutions : Study Of The Shariah Governance System Of The State Of Kuwait.
Ph.D
Completed
2019
Main Supervisor
|
Regulatory And Shari'Ah Perspectives On Sukuk Issuance For The Implementation Of Basel Iii Capital Requirements In Islamic Banks: A Study Of Malaysia And Uae.
Ph.D
Completed
2019
Main Supervisor
|
إدارة السيولة النقدية في المصارف الإسلامية: دراسة تحليلية تقويمية بيت التمويل الكويتي أنموذجاً
. Liquidity Management In Islamic Banks: An Evaluative Analytical Study With Special Reference To Kuwait Finance House.
Ph.D
Completed
2019
Main Supervisor
|
صناديق وقفية وخيرية كأداة مساهمة للتخفيف من الفقر والبطالة في السودان: الكويت والسعودية كنماذج يقتدى بها. The Endowmentof Waqf As A Tool In Addressing Poverty And Unemployment In Sudan .
Ph.D
Completed
2018
Main Supervisor
|
الصناديق الاستثمارية الوقفية وتطبيقها في المملكة العربية السعودية مشروع مقترح. Waqf Investment Funds And Their Applicability In The Kingdom Of Saudi Arabiaxxx.
Ph.D
Completed
2018
Main Supervisor
|
تحاكم البنوك الإسلامية في قضاياها لدى القوانين الوضعية: دراسة فقهية قانونية. Litigation Of Islamic Bank At Civil Law .
Ph.D
Completed
2017
Main Supervisor
|
Corporate Governance And Its Role In Board Of Directors In Shareholding Companies In Bahraini Law And Islamic Law.
Ph.D
Completed
2016
Main Supervisor
|
A Shari'Ah Evaluation On Micro Financing Products In Islamic Banks In Indonesia.
Ph.D
Completed
2016
Main Supervisor
|
The Role Of Islamic Banks In Achieving The Intent Of The Islamic Shariah In The Development Funds: The Case Of Kuwait Model.
Ph.D
Completed
2016
Co-supervisor
|
Underwriting And Rating In Takaful: Developing A Rating Model For Takaful Industry Validated By Shari'Ah Criteria.
Ph.D
Completed
2015
Co-supervisor
|
The Study On The Legal Aspects Of The SharīʿAh Advisory Boards In Malaysian Financial Institutions
.
Ph.D
Completed
2015
Co-supervisor
|
Arabic: Legal Maxims Of Prohibited Transactions Relating To Riba' And Gharar And Their Applications To The Islamic Banking And Finance In Malaysia.
Ph.D
Completed
2013
Main Supervisor
|
Arabic: Liquidation Of Public Stock Companies In Accordance With Yemeni Law: A Comparative Study With Islamic Law.
Ph.D
Completed
2013
Main Supervisor
|
Arabic: The Collection And Distribution Of Zakat: A Comparative Study Between Shariah And Yemeni Laws.
Ph.D
Completed
2013
Co-supervisor
|
Zakat In The Islamic Taxation System: A Study With A Special Reference To The Malaysian Personal Income Tax.
Ph.D
Completed
2011
Main Supervisor
|
Mal And Its Contemporary Uses: A Juristic Comparative Study Of Sukuk Asset.
Ph.D
Completed
2009
Main Supervisor
|
The Issuance And Exchange Of Non-Debt Securities: Islamic Legal With Reference To Contemporary Practice.
Ph.D
Completed
2009
Main Supervisor
|
A Study Of Equity Financing Modes For Islamic Financial Institutions In A Shariah Perspective.
Ph.D
Completed
2007
Main Supervisor
|
The Intention Of Retail Investors To Use Islamic Fintech In Indonesia Islamic Capital Market.
Ph.D
In Progress
Main Supervisor
|
العملات الورقیة المشفرة وأثرھا على المعاملاة المعاصرة والبتتكوین نموذج. Cryptocurrencies And Their Impact On The Contemporary Financial Transaction Bitcoin As A Model.
Ph.D
In Progress
Main Supervisor
|
إصدار صكوك المضاربة ضمن أدوات رأس المال
التنظيمي وآليات تعزيزها: دراسة فقهية تطبيقية. إصدار صكوك المضاربة ضمن أدوات رأس المال التنظيمي وآليات تعزيزها: دراسة فقهية تطبيقية.
Ph.D
In Progress
Main Supervisor
|
Factors Influencing Corporate Sukuk Market
Issuance: The Case Of Selected Oic Countries:
Before And During Covid-19.
Ph.D
In Progress
Main Supervisor
|
A SharīʿAh Analysis Of Artificial Intelligence In The Islamic
Finance Industry: Towards A Robust SharīʿAh Governance
Framework.
Ph.D
In Progress
Main Supervisor
|
تطوير الإطار الشرعي للمصارف الإسلامية في أفغانستان: دراسة فقهية مقاصدية. Developing The Shariah Framework For Islamic Banks In Afghanistan: Jurisprudence And Maqasidi Study (Arabic).
Ph.D
In Progress
Main Supervisor
|
Achieving (Sdgs)Via Islamic Social Finance: A Maqasid Based Analysis.
Ph.D
In Progress
Main Supervisor
|
.
Ph.D
In Progress
Main Supervisor
|
تطبيق صندوق الوقف النقدي يف غاان لتطوير جماالت التعليم والرعاية والصحية (دراسة استكشافية. The Applicability And Prospect Of Cash Waqf Fund In Supporting Education And Healthcare In Ghana: An Exploratory Study(Arabic).
Ph.D
In Progress
Main Supervisor
|
The Perspective Of Security And Assurance On E-Money Practice Among Customers And
Fintech Companies: A Proposed Alternative Model
.
Ph.D
In Progress
Main Supervisor
|
Application Of Musyarakah Venture By Islamic Banks In Malaysia.
Ph.D
In Progress
Main Supervisor
|
آفاق استخدام الخدمات المالية الرقمية في المصارف الإسلامية والتقليدة لتعزيز الشمول المالي في الجزائر. Prospects For Using Digital Financial Services In Banks To Enhance Financial Inclusion In Algeria.
Ph.D
In Progress
Main Supervisor
|
The Impact Of Islamic Social Security Measures On Economic Variables In Nigeria: Intergration Of Zakat & Waqf.
Ph.D
In Progress
Co-supervisor
|
The Study Of Islamic P2p Crowdfunding Model As An Alternative To Smes Financing In Nigeria.
Ph.D
In Progress
Co-supervisor
|
The Intention Of Retail Investors To Use Islamic Fintech In Indonesia Islamic Capital Market.
Ph.D
In Progress
Co-supervisor
|
Contract For Differences (Cfd) And Its Potential Issuance In Malaysia - An Analysis From Shariah Perspective
.
Master
Completed
2024
Main Supervisor
|
The Application Of Waqf In Unit Trust : Shariah Issues And Legal Issues In Malaysia.
Master
Completed
2017
Main Supervisor
|
Applying Shariah Stock Screening Methodologies For 20 Blue Chips Company On Kospi : A Proposal To Adapt Stock Screening Process.
Master
Completed
2016
Main Supervisor
|
Arabic: A Study On Application Of Home Financing At Al-Barakah Islamic Bank In Syaria.
Master
Completed
2015
Main Supervisor
|
Islamic Real Estate Investment Trust Analysis From Shariah Perspective.
Master
Completed
2012
Main Supervisor
|
Research Projects
Completed
2021 - 2023 | EXPLORING THE POTENTIAL OF USING ZAK?T COLLECTION FOR THE PURPOSE OF EXTENDING MICRO FINANCE TO THE RECIPIENTS OF ZAK?T |
2016 - 2018 | Kajian Hukum Wakaf Unit Amanah Menurut Perspektif Syarak Dalam Konteks Pelaksanaannya di Malaysia |
2014 - 2017 | Family Waqf in Islamic Law: An Analysis of its Socio Legal Significance and Its Abolishment in Arab States and India |
2013 - 2014 | Mudarabah Capital from Multiple Investors: Scope and Consequences on the Liability of Investors and the Entrepreneur in Islamic Law |
2013 - 2017 | Modelling Regulation of Zakat Administration in Malaysia : A Triangulation Study |
2004 - 2017 | Pentadbiran Undang-Undang Zakat di Malaysia |
On-Going
2024 - Present | Islamic Blended Finance: Concept and Framework for Forest Conservation Projects in Malaysia |
2023 - Present | The Potential Shariah, Legal and Practical Issues in the Issuance of Sukuk Waqf in Malaysia |
2023 - Present | The Potential Sukuk Structures for the Issuance of Sukuk Waqf in Malaysia |
2023 - Present | The Processes of Issuing Sukuk Waqf in Malaysia and the Role of Majlis Agama Islam and Securities Commission |
2023 - Present | An Exploratory Research on the Issuance of Sukuk Waqf in Malaysia |
2023 - Present | A Bibliometric Analysis of Sukuk Waqf |
2020 - Present | Cash Waqf and Its Implementation in the Modern Islamic Finance |
2019 - Present | Shariah Governance an Financial Performance of Islamic Banks in Malaysia (Bank Pembangunan Malaysia Berhad Research Grant) |
2010 - Present | Ibra' and Its Application in Islamic Banking in Malaysia |
2004 - Present | The Use of Hiyal (Legal Devices) in Islamic Banking System with Particular Reference To Bay 'Al-Inah and Bay' Al-Tawarruq |
Publications
Article
Conference or Workshop Item
Book
2021 | Transformasi pembangunan hartanah wakaf. Universiti Sains Islam Malaysia, ISBN: 978-967-440-832-9 |
2020 | Refuiling an Islamic government. Universiti Sultan Zainal Abidin, ISBN: 978-967-2231-26-4 |
2012 | A mini guide to Islamic derivative. Cert Publication, ISBN: 978-967-0175-08-9 |
2011 | Fundamentals of Shariah in Islamic finance. Institute of Islamic Banking and Finance Malaysia (IBFIM), ISBN: 978-967-0149-16-5 |
Book Section
Monograph
2018 | Rescheduling and restructuring of Islamic financing facilities: a Sharīʿah perspective. In: International Shari’ah Research Academy for Islamic Finance (ISRA), |
2017 | Family waqf in Islamic law: an analysis of its socio-legal significance and its abolishment in Arab states and India. In: , |