Karen Hunt Ahmed

Curriculum Vitae

Karen Hunt Ahmed — Mon, 31 Oct 2011 07:20:22 PDT

Scaling up Microfinance, Chicago Microfinance 2011

Karen Hunt Ahmed — Thu, 29 Sep 2011 17:31:50 PDT

Chicago Microfinance Conference 2011

Karen Hunt Ahmed — Wed, 28 Sep 2011 14:49:21 PDT

Where is Islamic Finance Going? Ethical Investment Strategies

Karen Hunt Ahmed — Mon, 07 Mar 2011 14:16:12 PST

Executive Compensation: The Role of Shari’a Compliance

William Marty Martin et al. — Sat, 05 Mar 2011 07:46:40 PST

Abstract Purpose The purpose of this paper is to illuminate issues surrounding executive compensation as it relates to current understandings of Islamic business law. Methodology We review the emerging bodies of literature in the fields of executive compensation and opinions of stock options under Shari’a law. Findings It appears that the trend in offering employee stock options as part of a Shari’a compliant compensation package is acceptable in most cases, yet because of its close association with the more problematic idea of derivative transactions, the company must be vigilant in obtaining the approval from its Shari’a Standards Board before offering it as part of an overall compensation package. Research limitations Existing quantitative data in this area is limited. Given the qualitative, exploratory nature of the design, generalizability is not as robust as other designs. Practical implications We make recommendations about the inclusion of employee stock options as part of a Shari’a compliant executive compensation package. Originality/value This paper advances the extant literature on the ethics of executive compensation in general as well as adding to the extant literature on Shari’a compliance of executive compensation packages.

Resume

Karen Hunt Ahmed — Sat, 05 Mar 2011 07:42:50 PST

Finding a jewel: Identity and gendered space in Islamic finance

Karen Hunt Ahmed — Sat, 05 Mar 2011 07:40:13 PST

In this article, I explore how globalization discourses practices work together to form the identities of female Islamic bankers working in the first stand-alone women’s Islamic bank in Dubai, United Arab Emirates. An Islamic bank interacts with the individual by providing a discursive and physical space in which the subject can shape and respond to her desire to identify and engage with the debates in the global Muslim community about morality, practice and the role of Islam in every day life. Global financial systems and local gender practices are embodied in these buildings in a kind of financial purdah: building spaces become both a marketing tool and a support for globally based economic activity under the auspices of morality and tradition. Based upon fieldwork and interviews with Islamic bankers, I will show how normative global financial practices and local moral gender practices work together for the advancement of both.

Chicago Microfinance Conference 2010

Karen Hunt Ahmed — Tue, 07 Sep 2010 11:09:00 PDT

NASABA Convention 2010

Karen Hunt Ahmed — Tue, 07 Sep 2010 11:06:41 PDT

Islamic Finance Unit Takes Bank Beyond Michigan Roots

Karen Hunt Ahmed — Tue, 07 Sep 2010 10:59:48 PDT

"Islamic banking and finance: Moral beliefs and business practices at work"

Karen Hunt Ahmed — Tue, 27 Apr 2010 07:29:25 PDT

The religion of Islam has existed for 1400 years but Islamic economic theory and its financial institutions emerged as an industry only in the 1970s. Islamic financial institutions (IFIs) are designed to help Muslims conduct business internationally while simultaneously upholding traditional Islamic values related to trade finance and currency movement. The basis for their existence is the Islamic moral prohibition on charging interest—interest is a central component of capitalist banking—yet IFIs conduct billions of dollars of business annually in the world economy and the de facto Islamic banking transaction is—in most cases—virtually identical to a capitalist banking transaction. Business practices in the industry of Islamic banking and finance (IBF; Maurer 2005) have evolved to reinforce some of the major tenets of a moral belief system based on Islamic principles. In this chapter, I will discuss specific practices put into place by the IBF community that are designed to embody tenets of a belief system based on Islam while at the same time generating profits for the institution and its customers. This chapter will contribute to the discussion of best corporate practices by introducing some of those practices and discussing how those practices contribute to the success of the industry.

Notre Dame Mendoza Business School Presentation 2008

Karen Hunt Ahmed — Fri, 26 Jun 2009 14:07:47 PDT

What Does Islamic Finance Want to be When It Grows Up?

Karen Hunt Ahmed — Fri, 26 Jun 2009 14:02:00 PDT

Chicago Islamic Microfinance Project

Karen Hunt Ahmed et al. — Wed, 17 Jun 2009 09:24:57 PDT