Dr Aly Khorshid

Visiting Fellow

Dr Aly Khorshid

Dr Aly Khorshid

ICMA Centre
a.khorshid@icmacentre.ac.uk
+44 (0)118 378 6404

Biography

Dr Aly Khorshid has been involved with Islamic financial institutions for over two decades and has comprehensive skills in and knowledge of Islamic finance. He is a recognised expert on Shari’ah-compliant finance, within the Islamic law, IslamicMuaamlat, and Islamic contracts. He has extensive consultancy experience in the department of Islamic Finance at Elite Horizon Economic Consultancy, most of it focused on economics, finance, Islamic capital market products, alternative finance, structuring, endorsing and advising on Shari’ah-compliant products with particular experience in capital and stock market products.

Dr Khorshid has served as a consultant at the highest level of banking and has been instrumental in establishing Islamic banking and corporate governance policies at national level. He has worked on structuring Islamic home purchase schemes. He is an expert in Waqf (trust), family trusts, and inheritance in accordance with Islamic principles and is experienced in conducting comprehensive due-diligences on financial institutions to identify potential investment opportunities.

Dr Khorshid started his career in international marketing and trade. His first Shari’ah board membership was with Bank Al-Baraka (the first Islamic bank in the UK). He served as a Shari’ah board member in selected Islamic institutions. He is a board member with Excellencia Capital Luxemburg.

Dr Khorshid has a PhD in Islamic studies and economics from the University of Leeds (UK), he studied Fiqh and Shari’ah at Al-Azhar University (Egypt), and has a Masters degree in management (UK). His publications include Islamic Insurance: a modern approach to Islamic banking, the Encyclopaedia of Islamic Finance, Dictionary of Islamic Finance 2011, “A Tender Power “a novel to elucidate Islamic Finance to the lay-man published 2012, and the forthcoming Corporate Governance of Islamic Finance (expected in 2013). He has also contributed to numerous other publications including Islamic Wealth Management: a catalyst for global change and innovation and Islamic Investment Banking: emerging trends, developments and opportunities. He has also had many articles published on Islamic finance.

Dr Khorshid is a trustee member of Academy UK, a member of the Institute of Management Consultancy (UK), a visiting fellow in ICMA Henley’s Business School, University of Reading, UK, and a former visiting lecturer at El-Azhar University, Egypt.

Dr Khorshid was nominated for the King Faisal International Prize in 2006 and also nominated for the Mubarak Prize on Islamic Studies in 2010. He is a regular speaker on Islamic finance issues at conferences and on TV.

Recent papers and articles:

Islamic banks exposed to property risk, April 2008

Liquidity management in the Sukuk secondary market, May 2208

Islamic Finance a Global Alternative And Socially Responsible Investment, July 2008

Transparency, Transparency and Transparency, Can we learn from the Islamic system and avoid credit crunch, August 2008

Islamic finance principle explained, July 2008

Lessons from the 1932-3 deportation and the recent financial crisis, Nov 2008

Can We Learn From the Islamic Financial System to Escape the Credit Crunch?? November 2008

Managing Risk: Understanding Derivatives Within Islamic Finance, Dec 2008

Time to clarify opaque systems, Islamic banking and finance, December-January 2009

Tolerating challenges in Risk Managements, Islamic banking and finance, October-November 2008

Hedge funds have shown frailties in their structures that have contributed to the alleged massive fraud by major Wall Street player Bernard Madoff, March 2009

Ibn Khaldun, Father of economics Philosopher, research paper presented published in Islamic banking and Finance, Feb 2010

Human right in Islam between theory and Practice, research paper presented for President Husni Mubarak prize for Islamic studies, March 2010

Adding social responsibility and accountability to the mandate of Shari’ah advisory boards, paper presented to, Law school Harvard University, March 2010

A New Order, published by Islamic Banking and Finance, July 2011

The need for a new breed of Scholars, Cover story, Business Islamic, October 2010.

The Global financial crises and its implication on Islamic Finance, March 2012

Global financial crises display Corporate Governance failure, May 2012

Books: 

Islamic Insurance: “A modern Approach to Islamic Banking” (2004), Published by Rutledge Curzon.

Encyclopaedia Of Islamic Finance, Euromoney Publication 2009, General Editor

Dictionary of Islamic Finance, Euromoney Publications, September 2011

A Tender power, A novel to elucidate Islamic Finance to the lay-man Academy UK publication, March 2012

Corporate Governance in Islamic Banks, Wiley’s publication, due March 2013

Joint books

Islamic Wealth management: contributing a chapter, published by Euromoney PLC, Publication March 2009

Islamic Investment Banking: Opportunities and Challenges faced by Islamic Banks in the UK market, Euromoney Publication 2010

Islamic Investment Banking: Emerging Trends Developments and Opportunities, Euromoney books, 2010