LOKMANULHAKIM BIN HUSSAIN
Researcher
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::Biodata

Academic Qualification

  • 2003 - B.A. (Shari'ah) Islamic University in Medina, Saudi Arabia
  • 2009 - M.A. (Fiqh) Islamic University in Medina, Saudi Arabia

Work Experience

  • July 2010 – October 2010 - Research Assistant, International Shari’ah Research Academy for Islamic Finance (ISRA)
  • October 2010 – Present - Researcher, International Shari’ah Research Academy for Islamic Finance (ISRA)

Areas of Interest

  • Islamic Law of Transaction (Fiqh al-Mu’amalat)
  • Islamic Jurisprudence (Usul al-Fiqh)
  • Islamic Banking

Advisory/Professional Membership

  • Fatwa Fellow, the Fatwa Committee of the National Council for Islamic Religious Affairs Malaysia, 2013-present.
  • Fatwa Think-tank Panel, the Department of Islamic Development Malaysia (JAKIM), 2012 –present.
  • Shariah Board Member, Al Rajhi Bank Malaysia, 2014-present. 
  • Shariah Adviser, Deutsche Bank (Malaysia) Berhad, 2012 -2013.
  • Guest Writer (Karyawan Tamu), The World Fatwa Management and Research Institute (INFAD), 2011 – 2012.

Publications/Papers

 Monographs

  • Lokmanulhakim H. (2013) “Ijtihad Jama’i Dalam Penetapan Hukum Syarak: Aplikasi di Malaysia”. Universiti Sains Islam Malaysia (USIM). 2013. ISBN: 978-967-0393-79-7.
  • Lokmanulhakim H. (2013) “Penyelarasan Fatwa di Malaysia: Kewajaran dan Kekangan”. Universiti Sains Islam Malaysia (USIM). 2013. ISBN: 978-967-0393-78-0.

Journals

  • M. Fairooz, Mohd Bahroddin, Lokmanulhakim H. (2013) “Critical Appraisal of Rahn-based Islamic Microcredit Facility From Shari’ah Perspective”. Advances in Natural and Applied Sciences, 7(3): 221-231, 2013. ISSN 1995-0772.
  • Dusuki, Mahbubi, and Lokmanulhakim H. (2013) “Hanafi's Approach to Deal with Shari'ah Non-Compliance Transactions in Islamic Finance”. Australian Journal of Basic and Applied Sciences, 7(6): 589-595, 2013. ISSN 1991-8178.
  • Research Notes/Book Reviews
  • Lokmanulhakim H. (2014) Book Review: “Ikhtilaf al-Muftin Wa al-Mawqif al-Matlub Tijahahu Min Umum al-Muslimin”. Journal of Fatwa Management and Research, Vol. 3, 2014, pg. 249-253, ISSN: 2232-1047.
  • Muhammad Ali J., Lokmanulhakim H. (2013) Research Note: “Fiqh Adaptation (Takyif Fiqhi) for the Concept of a Performance Fee in Takaful”. ISRA International Journal of Islamic Finance, Vol. 5, Issue 2, December 2013, pg. 147-151, ISSN 0128-1976.
  • Asyraf W., Hakimah Y., Lokmanulhakim H. (2012) Research Note: Insolvency Law in Malaysia and the Adjudication Order (Taflis) on a Bankrupt in Islamic Finance: Similarities and Differences. ISRA International Journal of Islamic Finance, Vol. 4, Issue 2, December 2012, pg. 143-148, ISSN 0128-1976.
  • Shabana, Ashraf H., and Lokmanulhakim H. (2011) Research Note: “Cost of Funds – Is It Part of Actual Loss (Ta’widh)?” ISRA International Journal of Islamic Finance, Vol. 3, June 2011, pg. 125-133, ISSN 0128-1976.

Research Papers

  • Lokmanulhakim H., Mohammad M.A. (2017) “Shari’ah Non-Compliant Assets as Rahn (Pledge) in Islamic Banking Products: A Fiqhi Perspective”. ISRA Research Paper (No. 93/2017).
  • Lokmanulhakim H. (2015) “Prinsip Ḥājah yang diberikan Kedudukan Ḍarūrah dan Aplikasi dalam Kewangan Islam”. ISRA Research Paper (No. 82/2015).
    Fairooz A.K., Marjan, Ashraf Hashim, Said Bouheraoua, Lokmanulhakim H., and Imran Iqbal (2015) “The Parameter of Ḥiyal in Islamic Finance”. ISRA Research Paper (No: 80/2015).
  • Lokmanulhakim H., Fairooz, Bahroddin B. (2015) “Zakat Saham: Status Kewajipan ke atas Individu Pemegang Saham dan Kaedah Pengiraan”. ISRA Research Paper (No. 79/2015).
  • Fairooz A.K, Lokmanulhakim H., Ashraf H., Abdul Rashid A.K (2014) “The Basis for Imposition of Fees and Charges in Islamic Banking Products and Services”. ISRA Research Paper (No. 78/2014).
  • Marjan M., Mohammad M.A, Lokmanulhakim H., Bahroddin B., Shabana M. H., Muhammad Ali J. (2014) “Application of Incentive Fee in Islamic Finance: An Analysis of the Fiqhī Characterization”. ISRA Research Paper (No. 74/2014).
  • Mohammad M.A, Lokmanulhakim H., A. Hakim, Faisal H. Z. (2014) “Exploring a Shariah-Compliant Model for Retirement Annuity Plans”. ISRA Research Paper (No. 69/2014).
  • Fairooz, Said B., Ashraf H., Beebe S., Lokmanulhakim H. (2013) “The Shariah Ruling on Capital Guarantee in a Mudarabah Contract”. ISRA Research Paper (No. 59/2013).
  • Zarina Shafii, Nurazalia, Amir, Salma, Fairooz, Lokmanulhakim H. and Mazrul (2013) “An Appraisal of the Principles Underlying International Financial Reporting Standards (IFRS): A Shariah Perspective. Part I”. ISRA Research Paper (No. 54/2013).
  • Lokmanulhakim H., Fairooz, Bahroddin (2013) “Analisis Kewajipan Zakat Emas Terhadap Pelaburan Emas di Malaysia”. ISRA Research Paper (No. 53/2013).
  • Fairooz, Bahroddin, and Lokmanulhakim H. (2012) “Critical Appraisal of the Rahn-Based Islamic Microcredit Facility”. ISRA Research Paper (No: 45/2012).
  • Dusuki, Mahbubi, and Lokmanulhakim H. (2012) “A Framework For Islamic Financial Institutions to Deal With Shariah Non-Compliant Transactions”. ISRA Research Paper (No: 42/2012).
  • Lokmanulhakim H., Fairooz, Bahroddin, and Apnizan (2012) “Analisis Syariah Terhadap Produk-produk Pelaburan Emas di Malaysia”. ISRA Research Paper (No: 36/2012). Presented at Muzakarah Ahli-ahli Penasihat Syariah Institusi Kewangan Islam Malaysia ke-8, organized by JAKIM, PICC Putrajaya, 29th May 2012.
  • Ashraf and Lokmanulhakim H. (2012) “Isu Jaminan Mudarib dalam Konteks Mudarabah: Rujukan Khusus Terhadap Industri Kecil & Sederhana”. ISRA Research Paper (No: 41/2012). Presented at Muzakarah Cendekiawan Syariah Nusantara ke-5, organized by ISRA, Phuket Greaceland Resort and Spa, Thailand, 14-15 September 2011.
  • Marjan, Lokmanulhakim H., Md Som Sujimun, Wan Norhaziki (2011) “Operasi Perdagangan Pertukaran Matawang Asing oleh Individu Secara Lani (Individual Spot Forex) Melalui Platform Elektronik: Satu Sorotan Dari Sudut Syariah”. ISRA Research Paper (No: 24/2011). Presented at Muzakarah Ahli-ahli Penasihat Syariah Institusi Kewangan Islam Malaysia ke-7, organized by JAKIM, PICC Putrajaya, 31 May 2011.
  • Fairooz, Marjan, Ashraf Hashim, Said Bouheraoua, Lokmanulhakim H., and Imran Iqbal (2010) “Parameter Hiyal Dalam Kewangan Islam”. ISRA Research Paper (No: 23/2010). Presented by Mohamed Fairooz at Muzakarah Cendekiawan Syariah Nusantara, organized by ISRA, Putrajaya, 10-11 November 2010.

Chapters/ Articles in Books

  • Lokmanulhakim H. (2017), “The Obligation of Zakah on Gold Investment”, Islamic Finance the New Normal. RAM Holdings Berhad. pg. 423-425. ISBN: 978-967-349-740-9.
  • N. A. Rahim N. A. Ghani, Lokmanulhakim H. (2015) “Analisis Prinsip Qarḍ dalam Pinjaman TEKUN”, Isu Syariah & Undang-undang Siri-21. Jabatan Syariah, Fakulti Pengajian Islam, Universiti Kebangsaan Malaysia (UKM). pg. 156-169. ISSN: 1511-3434.
  • Lokmanulhakim H. (2015) “Antara Jihad dan Bughah”, Koleksi Artikel Felo Penyelidik Fatwa, Jabatan Kemajuan Islam Malaysia (JAKIM). pg. 7-2.
  • Lokmanulhakim H. (2015) “Forex Online: Di Mana Haramnya”, Koleksi Artikel Felo Penyelidik Fatwa, Jabatan Kemajuan Islam Malaysia (JAKIM). pg. 38-44.
  • Lokmanulhakim H. (2015) “Ungkapan Ketika Nazak: Dua Kalimah Syahadah atau Kalimah Tauhid”, Koleksi Artikel Felo Penyelidik Fatwa, Jabatan Kemajuan Islam Malaysia (JAKIM). pg. 129-134.

Articles in Magazines and Newspapers

  • Lokmanulhakim H. (2018), “Distribution of Zakah Fund among Non-Muslims for Humanitarian Purposes: A Shari’ah Perspective”. Islamic Commercial Law Report. ISRA, Thomson Reuters & IRTI. pg. 44-47.
  • Lokmanulhakim H. “Full Ownership in the Context of Zakat on Shares”. Global Islamic Economics Magazine. August 2016, pg. 102-104.
  • Lokmanulhakim H. “The Obligation of Zakāh on Short-term Traded Shares”. ISRA Bloomberg Bulletin: Fatwa in Islamic Finance. August  2015.
  • Lokmanulhakim H., Mohammad M.A, “Shariah Compliant Annuity Plan & the Issue of Hibah with Consideration”. ISRA Bloomberg Bulletin: Fatwa in Islamic Finance. September 2014.
  • Fairooz, Lokmanulhakim H. “Fees and Charges in Islamic Finance”. Islamic Finance News. 23rd July 2014, pg. 21-22.
  • Mohammad M.A, Lokmanulhakim H., “Challenges in Developing Shariah Compliant Retirement Annuity Plan for Takaful”. Islamic Finance News. 25th June 2014, pg. 29.
  • Lokmanulhakim H., “Forex Online Haram”, Bicara Agama, Utusan Malaysia, 25th June 2014.
  • Lokmanulhakim H., “Fenomena Lantang Berfatwa”, Bicara Agama, Utusan Malaysia, 18th February 2014.
  • Lokmanulhakim H., “The Principle of Need: How should it be Applied”. Global Islamic Economics Magazine. December 2013, pg. 35-36.
  • Lokmanulhakim H., “Fatwā Majlis al-Iftā’ al-Waṭanī al-Mālīzī bi Sha’n al-Mutājarah bi al-Fūriks ʿibra al-Minaṣṣah al-Iliktrūniyyah”. Global Islamic Economics Magazine. October 2012, pg. 36.

 

 

 

 

 

Chapters/ Articles in Books

1.      Lokmanulhakim H. (2017), “The Obligation of Zakah on Gold Investment”, Islamic Finance the New Normal. RAM Holdings Berhad. pg. 423-425. ISBN: 978-967-349-740-9.

2.      N. A. Rahim N. A. Ghani, Lokmanulhakim H. (2015) “Analisis Prinsip Qarḍ dalam Pinjaman TEKUN”, Isu Syariah & Undang-undang Siri-21. Jabatan Syariah, Fakulti Pengajian Islam, Universiti Kebangsaan Malaysia (UKM). pg. 156-169. ISSN: 1511-3434.

3.      Lokmanulhakim H. (2015) “Antara Jihad dan Bughah”, Koleksi Artikel Felo Penyelidik Fatwa, Jabatan Kemajuan Islam Malaysia (JAKIM). pg. 7-2.

4.      Lokmanulhakim H. (2015) “Forex Online: Di Mana Haramnya”, Koleksi Artikel Felo Penyelidik Fatwa, Jabatan Kemajuan Islam Malaysia (JAKIM). pg. 38-44.

5.      Lokmanulhakim H. (2015) “Ungkapan Ketika Nazak: Dua Kalimah Syahadah atau Kalimah Tauhid”, Koleksi Artikel Felo Penyelidik Fatwa, Jabatan Kemajuan Islam Malaysia (JAKIM). pg. 129-134.

 

Research Papers

1.      Lokmanulhakim H., Mohammad M.A. (2017) “Shari’ah Non-Compliant Assets as Rahn (Pledge) in Islamic Banking Products: A Fiqhi Perspective”. ISRA Research Paper (No. 93/2017).

2.      Lokmanulhakim H. (2015) “Prinsip Ḥājah yang diberikan Kedudukan Ḍarūrah dan Aplikasi dalam Kewangan Islam”. ISRA Research Paper (No. 82/2015).

3.      Fairooz A.K., Marjan, Ashraf Hashim, Said Bouheraoua, Lokmanulhakim H., and Imran Iqbal (2015) “The Parameter of Ḥiyal in Islamic Finance”. ISRA Research Paper (No: 80/2015).

4.      Lokmanulhakim H., Fairooz, Bahroddin B. (2015) “Zakat Saham: Status Kewajipan ke atas Individu Pemegang Saham dan Kaedah Pengiraan”. ISRA Research Paper (No. 79/2015).

5.      Fairooz A.K, Lokmanulhakim H., Ashraf H., Abdul Rashid A.K (2014) “The Basis for Imposition of Fees and Charges in Islamic Banking Products and Services”. ISRA Research Paper (No. 78/2014).

6.      Marjan M., Mohammad M.A, Lokmanulhakim H., Bahroddin B., Shabana M. H., Muhammad Ali J. (2014) “Application of Incentive Fee in Islamic Finance: An Analysis of the Fiqhī Characterization”. ISRA Research Paper (No. 74/2014).

7.      Mohammad M.A, Lokmanulhakim H., A. Hakim, Faisal H. Z. (2014) “Exploring a Shariah-Compliant Model for Retirement Annuity Plans”. ISRA Research Paper (No. 69/2014).

8.      Fairooz A.K., Said B., Ashraf H., Beebe S., Lokmanulhakim H. (2013) “The Shariah Ruling on Capital Guarantee in a Mudarabah Contract”. ISRA Research Paper (No.  59/2013).

9.      Zarina Shafii, Nurazalia, Amir, Salma, Fairooz, Lokmanulhakim H. and Mazrul (2013) “An Appraisal of the Principles Underlying International Financial Reporting Standards (IFRS): A Shariah Perspective. Part I”. ISRA Research Paper (No. 54/2013).

10.  Lokmanulhakim H., Fairooz, Bahroddin B. (2013) “Analisis Kewajipan Zakat Emas Terhadap Pelaburan Emas di Malaysia”. ISRA Research Paper (No. 53/2013).

11.  Fairooz, Bahroddin, and Lokmanulhakim H. (2012) “Critical Appraisal of the Rahn-Based Islamic Microcredit Facility”. ISRA Research Paper (No: 45/2012).

12.  Asyraf W. D., Mohammad M.A, and Lokmanulhakim H. (2012) “A Framework For Islamic Financial Institutions to Deal With Shariah Non-Compliant Transactions”. ISRA Research Paper (No: 42/2012).

13.  Lokmanulhakim H., Fairooz, Bahroddin B., and Apnizan A. (2012) “Analisis Syariah Terhadap Produk-produk Pelaburan Emas di Malaysia”. ISRA Research Paper (No: 36/2012).

14.  Ashraf H., and Lokmanulhakim H. (2012) “Isu Jaminan Mudarib dalam Konteks Mudarabah: Rujukan Khusus Terhadap Industri Kecil & Sederhana”. ISRA Research Paper (No: 41/2012).

15.  Marjan, Lokmanulhakim H., Md Som Sujimun, Wan Norhaziki (2011) “Operasi Perdagangan Pertukaran Matawang Asing oleh Individu Secara Lani (Individual Spot Forex) Melalui Platform Elektronik: Satu Sorotan Dari Sudut Syariah”. ISRA Research Paper (No: 24/2011).

16.  Fairooz A.K., Marjan, Ashraf Hashim, Said Bouheraoua, Lokmanulhakim H., and Imran Iqbal (2010) “Parameter Hiyal Dalam Kewangan Islam”. ISRA Research Paper (No: 23/2010).

Articles in Magazines and Newspapers

 

 

1.      Lokmanulhakim H. (2018), “Distribution of Zakah Fund among Non-Muslims for Humanitarian Purposes: A Shari’ah Perspective”. Islamic Commercial Law Report. ISRA, Thomson Reuters & IRTI. pg. 44-47.

 

2.      Lokmanulhakim H. “Full Ownership in the Context of Zakat on Shares”. Global Islamic Economics Magazine. August 2016, pg. 102-104.

3.      Lokmanulhakim H. “The Obligation of Zakāh on Short-term Traded Shares”. ISRA Bloomberg Bulletin: Fatwa in Islamic Finance. August  2015.

4.      Lokmanulhakim H., Mohammad M.A, “Shariah Compliant Annuity Plan & the Issue of Hibah with Consideration”. ISRA Bloomberg Bulletin: Fatwa in Islamic Finance. September 2014.

5.      Fairooz, Lokmanulhakim H. “Fees and Charges in Islamic Finance”. Islamic Finance News. 23rd July 2014, pg. 21-22.

6.      Mohammad M.A, Lokmanulhakim H., “Challenges in Developing Shariah Compliant Retirement Annuity Plan for Takaful”. Islamic Finance News. 25th June 2014, pg. 29.

7.      Lokmanulhakim H., “Forex Online Haram”, Bicara Agama, Utusan Malaysia, 25th June 2014.

8.      Lokmanulhakim H., “Fenomena Lantang Berfatwa”, Bicara Agama, Utusan Malaysia, 18th February 2014.

9.      Lokmanulhakim H., “The Principle of Need: How should it be Applied”. Global Islamic Economics Magazine. December 2013, pg. 35-36.

10.  Lokmanulhakim H., “Fatwā Majlis al-Iftā’ al-Waṭanī al-Mālīzī bi Sha’n al-Mutājarah bi al-Fūriks ʿibra al-Minaṣṣah al-Iliktrūniyyah”. Global Islamic Economics Magazine. October 2012, pg. 36.