UNO finance professor M. Kabir Hassan has been chosen as a U.S. Fulbright Scholar for 2022-23. He mentioned he’ll use his award to review small and medium-sized companies in Saudi Arabia.
“My objective is to design a framework that makes use of different sources of Judeo-Christian-Islamic modes of financing for small and medium enterprises, also referred to as SMEs,” Hassan mentioned. “This Senior Fulbright Fellowship permits me to take the following main step to derive coverage implications in Saudi Arabia, a rustic with Islamic roots that’s quickly modernizing. It is a massive honor for me and it’ll elevate my analysis by means of cooperation that’s of worth to each the US and Saudi Arabia in moral and accountable finance.”
Fulbright Scholar awards are prestigious and aggressive fellowships that present distinctive alternatives for students to show and conduct analysis overseas. Fulbright students additionally play a essential position in U.S. public diplomacy, establishing long-term relationships between folks and nations. Fulbright alumni embrace 61 Nobel laureates, 89 Pulitzer Prize winners, 76 MacArthur Fellows and hundreds of leaders and consultants in academia and different fields in personal, public and nonprofit sectors.
Hassan’s Fulbright analysis will present coverage suggestions by exploring the present improvement of SME finance in Saudi Arabia and inspecting the position of Islamic monetary mechanisms to beat monetary boundaries for SMEs.
In keeping with the World Financial institution, SMEs play a serious position in most economies. They account for almost all of companies worldwide and are essential contributors to job creation and world financial improvement. Nevertheless, SMEs are dealing with issues in increasing attributable to a scarcity of entry to finance, Hassan mentioned.
Hassan holds three endowed chairs within the Division of Economics and Finance. He’s the winner of the 2016 Islamic Improvement Financial institution Prize in Islamic Banking and Finance. He’s a monetary economist with educating, analysis and consulting expertise in improvement finance, cash and capital markets, Islamic finance, company finance, investments, and worldwide commerce and finance. Hassan has gained a number of teachings awards and sits on a variety of worldwide moral and Islamic finance our bodies. He has greater than 450 papers printed as guide chapters and in prime refereed tutorial journals. He edits two journals, sits on editorial boards of a number of journals and has supervised 67 doctoral theses on the College of New Orleans.