Mohammad Kabir Hassan (alternatively called M. Kabir Hassan, M.K Hassan, or Kabir Hassan) (born 1 October 1963) is a Bangladeshi-American economist who serves as Professor of Finance at

University of New Orleans The University of New Orleans (UNO) is a Public university, public research university in New Orleans, Louisiana, United States. First opened in 1958 as Louisiana State University in New Orleans, it is the largest public university and one of t ...

. He has been providing consultancy to

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

Transparency International Bangladesh Transparency International Bangladesh (TIB) is the Bangladeshi branch of the Berlin-based Transparency International, a civil society organisation dedicated to fighting against corruption. History TIB started its activities in 1997, under found ...

African Development Bank The African Development Bank Group (AfDB, also known as BAD in French) is a multilateral development finance institution, headquartered in Abidjan, Ivory Coast since September 2014. The AfDB is a financial provider to African governments and ...

Islamic Development Bank The Islamic Development Bank (, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. There are 57 shareholding member st ...

and

Government of Turkey The Government of Turkey () is the Central government, national government of Turkey. It is governed as a unitary state under a presidential system, presidential representative democracy and a Constitution of Turkey, constitutional republic wit ...

. His principal work focuses to link the

Islamic banking and finance Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or Finance, financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economi ...

with real and sustainable economy. He criticized and warned the Islamic finance industry against perils of practices of "fatwa-shopping".

Personal life and education

Hassan was born and received his early education in

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

. He moved to the United States in 1983 and received a Bachelor of Arts with major in economics and mathematics from

Gustavus Adolphus College Gustavus Adolphus College ( ) is a private liberal arts college in St. Peter, Minnesota, United States. It was founded in 1862 by Swedish Americans led by Eric Norelius and is affiliated with the Evangelical Lutheran Church in America. Gustavu ...

in Minnesota. He was awarded a Master's degree in economics and a Doctor of Philosophy degree in finance from the

University of Nebraska–Lincoln The University of Nebraska–Lincoln (Nebraska, NU, or UNL) is a Public university, public Land-grant university, land-grant research university in Lincoln, Nebraska, United States. Chartered in 1869 by the Nebraska Legislature as part of the M ...

in 1987 and 1990, respectively. He resides in

New Orleans New Orleans (commonly known as NOLA or The Big Easy among other nicknames) is a Consolidated city-county, consolidated city-parish located along the Mississippi River in the U.S. state of Louisiana. With a population of 383,997 at the 2020 ...

, Louisiana with his wife, Tahmina Hassan, and two children.

Career

After receiving his doctorate, Hassan joined the Department of Economics and Finance at the

. At University of New Orleans, he was also awarded the honorary positions of Bank One Professor in Business and Hibernia Professor of Economics and Finance. In addition to

, his major areas of research include international finance, development economics, corporate finance and financial institutions and markets. He has supervised more than 60 doctoral students at University of New Orleans and also mentored more than 40 theses from India, Malaysia, Saudi Arabia, United States, Canada, Australia and New Zealand.

Research and publications

Hassan's publication record include more than 350 book chapters and papers published in refereed journals. He is one of the most cited researchers in finance literature. As per

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, his

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score is 64. In addition to papers in academic and professional journals, he has published and edited several books: * Hassan, K., Rashid, M., & Aliyu, S. (2019). ''Islamic corporate finance''. Taylor and Francis, . * Hassan, M. K., & Rashid, M. (2019). ''Management of Islamic finance: Principle, practice, and performance.'' Emerald''.'' * Khalifa Mohamed Ali, M. Kabir Hassan, and Abd elrahman Elzahi Saaid Ali.. (2019). ''Revitalization of Waqf for socio-economic development'': Volume II. Springer. * Hassan, M. K. (2017). ''Handbook of empirical research on Islam and economic life''. E. Elgar. * Hassan, M. K., Ahmad, A. U. F., & Oseni, U. A. (2016). ''Fundamentals of Islamic banking and finance''. wiley. * Hassan, M. K., & Lewis, M. K. (2014). ''Handbook on Islam and economic'' ''life''. E. Elgar * Hassan, M. K., Kayed, R. N., & Oseni, U. A. (2013). ''Introduction to Islamic banking & finance: Principles and practice''. Harlow: Pearson. * Kayed, R. N., & Hassan, K. (2013). ''Islamic entrepreneurship''. London: Routledge. * Hassan, K., & Mahlknecht, M. (2011). ''Islamic capital markets: Products and strategies''. Hoboken, N.J: Wiley * Hassan, K., & Lewis, M. (2009). ''The handbook of Islamic banking''. Cheltenham: Edward Elgar

Islamic Finance and Political Economy in Bangladesh

Hassan's work on the Islamic charity of ''Zakat'' is a notable hallmark. In 2008, he helped in establishing the Center for ''Zakat'' Management (CZM) in Bangladesh with vision to encourage Z''akat'' eligible Muslims to distribute the charity among needy as per Shariah. His remarkable finding in the field of economics associating Islamic finance emphasis on two-point; first, Islamic financing aim to develop sustainable economic system and ensure the financial inclusion from both agriculture and industrial sector. Second, Institutional framework should be designed to execute and benefit from full potential of Islamic mode of financing. The Rural Development Scheme (RDS) of the Islamic Bank Bangladesh Limited (IBBL) are inspired via his notable research in Islamic social finance. Recently, Hassan has indicated his views in the favor of rapid economic growth for Bangladesh keeping in mind the high potential in garment, fishing, and agriculture sectors. In an interview to

CGTN America CGTN America is a channel of China Global Television Network (CGTN), the international division of the state-owned media organization China Central Television (CCTV), the headquarters of which is in Beijing, China. It is one of six internation ...

, he has emphasized that a stable political situation in the country and the region is a vital requirement for economic growth and also suggested that Chinese company's investment in Bangladesh can be very useful in a much rapid economic expansion.

Awards and achievements

Hassan won the

(IDB) Prize in 2016, the prestigious and highest award in the field of Islamic banking and finance. In 2019, he named faculty member of the year by

University of Louisiana System The University of Louisiana System (UL System) is a public university system in the U.S. state of Louisiana. It enrolls more students than the other three public university systems in the state; as of October 2023, it claims more than 91,500 st ...

Other professional and academic activities

Hassan is the editor-in-chief of the ''International Journal of Islamic and Middle Eastern Finance and Management'' and senior editor of the ''International Journal of Emerging Markets''. He has served as chairperson of the Academy of International Business-US Southwest, vice president of the Association for Economic and Development Studies on Bangladesh, and president and director of the Southern Finance Association.

References

External links

*https://www.researchgate.net/profile/M_Kabir_Hassan *https://www.linkedin.com/in/m-kabir-hassan-42419a16/ {{DEFAULTSORT:Hassan, Mohammed Kabir 1963 births Living people American people of Bangladeshi descent Gustavus Adolphus College alumni University of Nebraska–Lincoln alumni University of New Orleans faculty