Mohamed Aslam Gulam Hassan | University of Malaya, Malaysia (original) (raw)
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London School of Economics and Political Science
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Papers by Mohamed Aslam Gulam Hassan
The paper uses a sample of five Arab countries (namely Algeria, Egypt, Jordan, Morocco and Tunisi... more The paper uses a sample of five Arab countries (namely Algeria, Egypt, Jordan, Morocco and Tunisia) in a dataset covering the period from 1990 to 2006. Two-stage least squares methodology is used to find estimates of growth and human capital variables from a search of deeper instruments, and fitted values from these regressions are then used in a second-stage estimation of unemployment behaviour in the general population and separately for men. Results suggest that while growth, by itself, does tend to achieve significant reduction in unemployment, the lack of sustainability of growth works in the opposite direction raising unemployment so that the net effect is rather modest. Moreover, while educational contribution to lowering of unemployment is likely to be of a modest magnitude for all, the labour market appears to strongly discriminate against women's skills. Rising longevity appears to predict rising unemployment via participation which would call for faster job creation in order to meet the growing aspirations of the public.
International Journal of Islamic and Middle Eastern Finance and Management, 2018
Purpose The purpose of this paper is to formulate a model for waqf financing of public goods and ... more Purpose The purpose of this paper is to formulate a model for waqf financing of public goods and mixed public goods in Malaysia which constitute the country’s federal government expenditures. The model is built on the basis of understanding the concept of waqf, learning from waqf institutions of the past and present and addressing specific Malaysian waqf issues. Design/methodology/approach This study uses both primary and secondary data. The primary data originate from semi-structured interviews of waqf academicians from the Islamic economics and Islamic finance fields, waqf government officials and private sector institutions that are involved in waqf management. The secondary data come from the Malaysian Federal Constitution, law enactments, books, e-books, bulletins, journals, conference proceedings, government reports and websites. Findings By synthesizing the data, it is found that return from cash waqf investment in unit trust can be used to finance 11 items of federal governm...
SSRN Electronic Journal, 2012
SSRN Electronic Journal, 2012
The Malaysian debt has been under scrutiny since the 1Malaysia Development Berhad (1MDB) scandal;... more The Malaysian debt has been under scrutiny since the 1Malaysia Development Berhad (1MDB) scandal; placing pressure on the research for sustainable debt. The purpose of this article is to forecast the impact of waqf (Islamic pious foundation) financing expenditure on federal government debt in Malaysia. It is to ascertain whether waqf can be an alternative solution to government debt reduction. To perform this, the Neoclassical Dynamic Stochastic General Equilibrium (DSGE) model is adopted. The theoretical framework is developed by considering the history, tradition, culture, and political influence of waqf primarily in Muslim majority countries. It was also inspired by the European third sector framework. The result shows that federal government debt can be reduced when waqf finances federal government expenditure. This has several implications. For one, this study revives the cohesive government- waqf role in providing pure and mixed public goods without depending solely on governm...
The paper uses a sample of five Arab countries (namely Algeria, Egypt, Jordan, Morocco and Tunisi... more The paper uses a sample of five Arab countries (namely Algeria, Egypt, Jordan, Morocco and Tunisia) in a dataset covering the period from 1990 to 2006. Two-stage least squares methodology is used to find estimates of growth and human capital variables from a search of deeper instruments, and fitted values from these regressions are then used in a second-stage estimation of unemployment behaviour in the general population and separately for men. Results suggest that while growth, by itself, does tend to achieve significant reduction in unemployment, the lack of sustainability of growth works in the opposite direction raising unemployment so that the net effect is rather modest. Moreover, while educational contribution to lowering of unemployment is likely to be of a modest magnitude for all, the labour market appears to strongly discriminate against women's skills. Rising longevity appears to predict rising unemployment via participation which would call for faster job creation in order to meet the growing aspirations of the public.
International Journal of Islamic and Middle Eastern Finance and Management, 2018
Purpose The purpose of this paper is to formulate a model for waqf financing of public goods and ... more Purpose The purpose of this paper is to formulate a model for waqf financing of public goods and mixed public goods in Malaysia which constitute the country’s federal government expenditures. The model is built on the basis of understanding the concept of waqf, learning from waqf institutions of the past and present and addressing specific Malaysian waqf issues. Design/methodology/approach This study uses both primary and secondary data. The primary data originate from semi-structured interviews of waqf academicians from the Islamic economics and Islamic finance fields, waqf government officials and private sector institutions that are involved in waqf management. The secondary data come from the Malaysian Federal Constitution, law enactments, books, e-books, bulletins, journals, conference proceedings, government reports and websites. Findings By synthesizing the data, it is found that return from cash waqf investment in unit trust can be used to finance 11 items of federal governm...
SSRN Electronic Journal, 2012
SSRN Electronic Journal, 2012
The Malaysian debt has been under scrutiny since the 1Malaysia Development Berhad (1MDB) scandal;... more The Malaysian debt has been under scrutiny since the 1Malaysia Development Berhad (1MDB) scandal; placing pressure on the research for sustainable debt. The purpose of this article is to forecast the impact of waqf (Islamic pious foundation) financing expenditure on federal government debt in Malaysia. It is to ascertain whether waqf can be an alternative solution to government debt reduction. To perform this, the Neoclassical Dynamic Stochastic General Equilibrium (DSGE) model is adopted. The theoretical framework is developed by considering the history, tradition, culture, and political influence of waqf primarily in Muslim majority countries. It was also inspired by the European third sector framework. The result shows that federal government debt can be reduced when waqf finances federal government expenditure. This has several implications. For one, this study revives the cohesive government- waqf role in providing pure and mixed public goods without depending solely on governm...