Nafis Alam, Nottingham University Business School

An expert on Islamic finance defines Islamic ETFs
Nafis Alam, associate professor at the Nottingham University Business School's Malaysia campus, has chosen to define the term Islamic ETFs

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Nafis Alam’s faculty profile reveals that he is an associate professor at the Nottingham University Business School (NUBS) in the University of Nottingham Malaysia Campus (UNMC). He is the founding director of Centre for Islamic Business and Finance Research (CIBFR). His scholarly research has featured in leading journals such as the Journal of Asset Management, the Journal of Banking Regulation, the Review of Islamic Economics and the Journal of Financial Services Marketing.

He is co-author of three books on Islamic finance including Islamic Finance: Encyclopedia. Prof Alam is also visiting lecturer at Durham University’s Islamic Finance Summer School in the UK. He is reviewer for several finance and Islamic finance journals. He has also participated in Islamic finance conferences including the Harvard Islamic Finance forum at Harvard Law School and Gulf Research Meeting at the University of Cambridge, UK.

Prof Alam holds a BA in economics from Patna University in India and a PhD in Islamic finance from Monash University in Australia. He teaches and supervises research on Islamic banking and finance and corporate finance and banking regulation.

When Prof Alam is not working he enjoys listening to Ghazals, poems of religious and earthly devotional love, as sung by his favourite artist, Nusrat Fateh Ali Khan. He is a keen cricket player, enjoys table tennis and is learning to be a professional standard photographer.

Prof Alam is fortunate to be on NUBS’s Malaysia Campus because he enjoys Indochinese food. His favourite book is Fault lines: How hidden fractures still threaten the world economyby Raghuram Rajan.

If he could give one piece of advice to his 18-year-old self it would be to enjoy life and not to worry about the future.

Prof Alam has chosen to define Islamic exchange traded funds

Prof Alam on Islamic ETFs

“Islamic ETFs are a different class of ETF,” Prof Alam says, pointing out that they are gaining popularity across the globe.

“The general public still believes that Islamic capital market instruments are only meant for Muslims or Islamic countries,” he says, but adds that contrary to popular belief, Islamic ETFs are actually more popular in western countries than in the Islamic world.

Investor and investment students should need to understand the feature and structure of Islamic ETF.

To read more about Islamic ETFs, click on the linked terms.

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