Articles on Islamic Economics

Remembering Prof. Zubair Hasan


Prof. Zubair Hasan had died recently after a life full of academic contributions and excellence, especially in developing the field of Islamic Economics on analytical footings. One of the hallmarks of his works were his breadth of readings, perspectives, critical thinking, objective analysis and bold articulation.

Hasan did his undergraduate and PhD at Meerut College in Uttar Pradesh in (1973). He started his teaching career at Meerut College (1957) and retired as Professor Emeritus from INCEIF, The Global University of Islamic Finance Kuala Lumpur, Malaysia. He also worked for International Islamic University of Malaysia for a good part of two decades. His teaching stretched well over half a century.

Hasan was recipient of the IsDB Prize (Islamic Economics) in 2009. He also received the OIC COMCEC AWARD in 2014 for contribution to Islamic economics and Finance.

He wrote extensively on Islamic microeconomics giving the Islamic perspective to the theory of consumer and producer behaviour. He would go beyond philosophical debates and narratives to also discuss the operationalization of the analysis of consumer and producer behaviour. He wrote several books, book chapters and research papers on Economics, Microeconomics, Development Economics, Essays on the issues in Islamic Economics and Islamic Banking.

In theorising Islamic Economics, he discussed the relevance and issues with integration of the concept of profit, rationality and profit maximisation in Islamic Economics. In Islamic banking, he discussed the theoretical and practical issues in Islamic banking often providing critical insights and fresh perspectives on thinking over the process of Islamisation of the disciplines and the systems.

His contributions and especially the genuine engagement with issues in objective, critical and academic ways are a beacon of light for the current and prospective researchers in the field of Islamic Economics. Some of his notable books include the following enlightening works:

Microeconomics from Islamic Perspective (2006) Pearson, Kuala Lumpur

Macroeconomics (2009), Oxford University Press, Kuala Lumpur

Fundamentals of Microeconomics (2011), Oxford University Press, Kuala Lumpur

Islamic Banking and Finance: An Integrative Approach (2014), Oxford University Press, Kuala Lumpur

ECONOMICS with Islamic orientation (2016) Oxford University Press, Kuala Lumpur

Theory of Profit with Islamic Directions (2018) Paragon, USA

Economic Development from Islamic perspective (2019) LAP, Germany

Leading Issues in Islamic Economics & Finance: Critical Evaluations (2020) Palgrave-Macmillan UK

Controversial topics in Islamic Economics and Finance – A Reconciliatory Approach: Institute of Islamic Economics, 2021, KAU, Saudi Arabia

Essays in Islamic Economics and Finance, 2022 AniNik Books, New Delhi

Islamic Banking and Finance (Second Edition), 2023 Rutledge, UK

3 replies »

  1. The passing of Prof. Zubair Hasan is a great loss to the field of Islamic Economics. His scholarly work combined deep analytical insight with a firm grounding in Islamic principles. He was known for his critical thinking, objectivity, and bold engagement with contemporary issues. I was honoured to be his student during my time at IIUM from 2004 to 2006 and have referred to his works extensively in my academic journey. His writings, especially on microeconomics and Islamic banking, continue to offer clarity and inspiration. May Allah SWT reward his efforts and grant him the highest place in Jannah.

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  2. Assalmo Alyikum.

    Could you please provide me the list of books written by late Prof. Zubair Hasan.

    Regards

    Syed Zafarullah Maqdi

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    • Microeconomics from Islamic Perspective (2006) Pearson, Kuala Lumpur

      Macroeconomics (2009), Oxford University Press, Kuala Lumpur

      Fundamentals of Microeconomics (2011), Oxford University Press, Kuala Lumpur

      Islamic Banking and Finance: An Integrative Approach (2014), Oxford University Press, Kuala Lumpur

      ECONOMICS with Islamic orientation (2016) Oxford University Press, Kuala Lumpur

      Theory of Profit with Islamic Directions (2018) Paragon, USA

      Economic Development from Islamic perspective (2019) LAP, Germany

      Leading Issues in Islamic Economics & Finance: Critical Evaluations (2020) Palgrave-Macmillan UK.

      Controversial topics in Islamic Economics and Finance – A Reconciliatory Approach: Institute of Islamic Economics, 2021, KAU, Saudi Arabia

      Essays in Islamic Economics and Finance, 2022 AniNik Books, New Delhi

      Islamic Banking and Finance (Second Edition), 2023 Rutledge, UK

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