INTRODUCING

Assoc. Prof. Dr. Ziyaad Mahomed

Country of Origin
South Africa

Qualification
PhD (Islamic Finance), INCEIF

Email
[email protected]

Phone Number
+603 7651 4183

A Brief Introduction

Associate Professor Dr Ziyaad Mahomed is a Shariah advisor and Islamic finance academic with over 25 years in Islamic jurisprudence, product certification and regulatory advisory. He holds a PhD in Islamic Finance from INCEIF, the Chartered Islamic Finance Professional (CIFP) qualification, a BA (Hons) in Finance from Anglia Ruskin University and an MBA from MANCOSA, alongside classical training in Dars Nizami and a Certificate in Islamic Law from the University of KwaZulu-Natal.

He serves as chairman or member on Shariah boards across banking, takaful, asset management and capital markets in Malaysia, the Maldives, Nigeria, Kazakhstan, Kyrgyzstan, the United Kingdom and South Africa. He chaired the Shariah Committee of HSBC Amanah Malaysia until 2025, a tenure that included certification of the 2019 IFC green sukuk, the first UN-SDG sukuk issued globally, and currently chairs the Standard Life Shariah Supervisory Group overseeing the first Shariah-compliant pension solution in the United Kingdom.

His regulatory work supports jurisdictions building Islamic finance frameworks from the ground up. He has advised the Central Bank of Uzbekistan on Shariah governance criteria, led the national Islamic fintech and social finance masterplan for the Astana International Financial Centre, and conducted conversion and governance assessments for banks in Afghanistan and the Horn of Africa. He chairs the board of MISFA, the World Bank-supported Afghan microfinance apex fund.

At INCEIF University he is Associate Researcher at the Centre of Excellence in Islamic Social Finance, which he established in 2017, and Head of the Executive Masters in Islamic Finance (eMIF) programme. He was SC-OCIS Visiting Fellow at the Oxford Centre for Islamic Studies for 2024/25. His current research addresses AI governance through juristic categories, machine-assisted fatwa methodology, tokenised and social impact sukuk, and maqasid-based screening. He has trained more than 15,000 professionals and scholars across Africa, Asia, Europe and the Middle East.

Publications

Books

Taking Islamic Finance Education to New Heights, INCEIF Refinitiv Islamic Finance Knowledge Outlook Report 2020. Bahrain.
Maximizing Social Impact through Waqf Solutions. Malaysia. World Bank, INCEIF and ISRA (2019)
Malaysia as a Global Fund Administration Hub. (Volume 1) BNP Paribas Centre for Islamic Assets and Wealth Management. INCEIF, Malaysia.
SRIs & the Case for Islamic Investment Funds, BNP Paribas Centre for Islamic Wealth Management, INCEIF, Malaysia.
Malaysia as a Global Hub for Fund Administration. (Volume 1) BNP Paribas Centre for Islamic Assets and Wealth Management. INCEIF, Malaysia.

Journal Articles

Mahomed, Z. (2026). “Supply-Side Benchmark Pricing in a Dual Banking System: Evidence from Indonesian Islamic Deposit Rates.” Quarterly Review of Economics and Finance. Published online ahead of print.
Al-Syed, Q. and Mahomed, Z. (2025). Developing a Testing Framework for Applications of LLMs within Islamic Finance. World Scientific Annual Review of Islamic Finance, 3.
Mahomed, Z. and Mahbot, A. (2024). SRI Sukuk: Lessons from Khazanah’s Sukuk Ihsan. International Journal of Islamic and Middle Eastern Finance and Management. [Q2]
Shamsudheen, S.V., Mohamad, S., Muneeza, A. and Mahomed, Z. (2024). Ethical discourse of ethical (Islamic) finance: a systematic literature review (1988–2022) and the way forward. Journal of Islamic Accounting and Business Research.
Salim, K., Hamid, B.A., Mahomed, Z. and Hassan, W. (2024). Zakat-based urban farming: a tool for poverty alleviation, community empowerment, financial inclusion, and food security. Review of Islamic Social Finance and Entrepreneurship.
Mahomed, Z. & Mahbot, A. (2024), “Sustainable And Responsible Investment (SRI) Sukuk: Lessons From Khazanah’s Sukuk Ihsan”, International Journal of Islamic and Middle Eastern Finance and Management.
Shamsudheen, S.V., Mohamad, S., Muneeza, A. and Mahomed, Z. (2024), “Ethical discourse of ethical (Islamic) finance: a systematic literature review (1988–2022) and the way forward”, Journal of Islamic Accounting and Business Research.
Salim, K., Hamid, B. A., Mahomed, Z., & Hassan, W. (2024). Zakat-based urban farming: A tool for poverty alleviation, community empowerment, financial inclusion, and food security. Review of Islamic Social Finance and Entrepreneurship.
Ali, M., Hussain, H. I., Nisar, Q. A., Chang, Y. W., Hamid, B. A., & Mahomed, Z. (2023). Are gig workers protected? A possible solution. International Journal of Economics and Finance Studies, 15(3), 282-302.
Mahomed, Z., Abdul Hamid, B. Salim, K., Ali, P., Mat Nor, F., Johari, F., Zal, W.A. and Hassan, W., (2023). Case for a Centralized Database for Waqf Administration in Malaysia. Przestrzen Spoteczna (Social Space), ISSN: 2082-7696; E-ISSN: 2082-1558.

Postgraduate Supervision (Selected)

PhD: Sharahath, A. (2025). Integrating the Hukum Framework in Decision Analysis for Muslims: Reverse Mortgage Decisions.
PhD: Hamour, M. (2020). Step Contracts Structure: An Enhanced Profit and Loss Sharing Model.
MSc: Al-Syed, Q.Z. (2025). Developing a Testing Framework for Applications of LLMs within Islamic Finance. [Published]
MSc: Moosa, S.S. (2023). A Shariah Analysis of Gold and Silver-Backed Stable Coins.
MSc: Umme Roomaan Soofie (2021). The Usuli Approach for Technological Advancement in Islamic Finance: The Hanafi Jurisprudential Method.

Chapters in books

Mahomed, Z. (2022). Assessing Financing for Healthcare Infrastructure in Sub-Saharan Africa: Can Islamic finance assist? Edward Elgar.
Mahomed, Z., Akinlaso, M., and Mohamad, S. (2022). Reactivating Abandoned Infrastructure Development in Nigeria: Considering the Islamic Finance Option. Edward Elgar.
Mahomed, Z. and Hydara, M. (2022). Applying an Integrated Islamic Social Finance Model for Women Farmer Empowerment in The Gambia. Edward Elgar.
Mahomed, Z. (2022), “Modelling Effective Zakat Management for the ‘Stans’ of Central Asia and Establishing Pandemic Resilience”, Hassan, M.K., Muneeza, A. and Sarea, A.M. (Ed.) Towards a Post-Covid Global Financial System, Emerald Publishing Limited, Bingley, pp. 143-159. https://doi.org/10.1108/978-1-80071-625-420210008
Ma’ruf, A., Mahomed, Z., Mohamad, S. (2021). Sustainable Finance and a Sharī’ Analysis of Environmental, Social and Governance (ESG) Criteria. Title: Islamic Sustainable Finance. IGI Publication. .
Mahomed, Z., Unal, I., Mohamad, S. (2021). Funding the Refugee Crisis in Turkey: A Case for Social Impact Sukuk. Book Title: Impact of COVID-19 on Islamic Social Finance. Routledge.
Ali, M., Oravampurath, H., & Mahomed, Z. (2020). Social Impact Sukuk for Migrants: An Innovative Solution, Handbook of Research on Theory and Practice of Global Islamic Finance. IGI Global.
Akinlaso, I. M., Adediran, I. O., Diallo, A. K., & Mahomed, Z. (2019). A future beyond digital identity. Fintech in Islamic Finance: Theory and Practice, 76.
Zada, N., Lahsasna, A., Mahomed, Z., & Saleem, M. (2017). Islamic Finance Insolvencies under Secular Bankruptcy Laws:A Casey Study of Arcapita Bank under US Chapter 11, Islamic Banking:Growth, Stability and Inclusion (pp. 24). Palgrave.
Shamsher, M., Mohamed, Z., & Kamil, N. (2017). Islamic Banking Business of Conventional Banks: Transition from Windows to Islamic Subsidiaries, In Mohamed Ariff (Ed.), Islamic Finance in Malaysia: Growth & Development (pp. 86-114). Pearson Malaysia Sdn. Bhd.
Mahomed, Z. (2017). Islamic Capital Market: Sukuk, Islamic Finance : The New Normal (pp. 19). RAM Holdings Berhad.
Mahomed, Z., Ariff, M., & Shamsher, M. (2017). Wealth Effect of Sukuk Issuance Announcement in Two Markets, In Mohamed Ariff and Shamsher Mohamad (Eds.), Islamic Wealth Management: Theory and Practice (pp. 225-245). United Kingdom: Edward Elgar Publishing Limited UK.
Mahomed, Z. (2017). Zakat in Islamic Wealth Management, In Mohamed Ariff and Shamsher Mohamed (Eds.), Islamic Wealth Management – Theory and Practices(pp. 363-380). United Kingdom: Edward Elgar Publication.
Mahomed, Z., Shah, E., (2016) Islamic Money Market Instruments, (‘Islamic Financial System, Principles & Operations’), ISRA