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Overview

Professor Mehmet Asutay

Professor of Middle Eastern and Islamic Political Economy & Finance. Director, MSc Islamic Finance Programme. Director, Durham Centre for Islamic Economics and Finance.

BA, MSc, PgDip, MA, PhD


Affiliations
AffiliationRoom numberTelephone
Professor of Middle Eastern and Islamic Political Economy & Finance. Director, MSc Islamic Finance Programme. Director, Durham Centre for Islamic Economics and Finance. in the Business SchoolMHL 378+44 (0) 191 33 47179
Member of the Institute for Middle Eastern and Islamic Studies  

Biography

Mehmet has a BA in Public Finance from the University of Istanbul (Turkey); continued for MSc in Public Finance at the University of Istanbul; has Postgraduate Diploma in Economic and Social Policy Analysis, University of York (UK); MA in Economics of Public Policy, Department of Economics of the University of Leicester (UK); Ph.D. in Political Economics, University of Leicester.

Mehmet teaches and supervises research on Islamic Political Economy; Islamic Moral Economy; Islamic Banking, Finance and Management; Political Economy of Development in the Middle East including Turkish Political Economy and Kurdish Political Economy.

He is the Director of Durham Centre for Islamic Economics and Finance; and is the Programme Director for MSc in Islamic Finance and MSc in Islamic Finance & Management; and also the Director of the Durham Islamic Finance Summer School.

Mehmet is the Managing Editor of the Review of Islamic Economics; and is an Associate Editor of the American Journal of Islamic Social Science; and in the Editorial Board of International Journal of Islamic and Middle Eastern Finance and Management and Borsa Istanbul Review.

He is the Honorary Treasurer of the BRISMES (British Society for Middle Eastern Studies); and of the IAIE (International Association for Islamic Economics).

Current Research

Mehmet's recent research includes the construction of Islamic moral/political economy, which is considered as an incomplete project since early 1970s. By following the earlier contributions made by the founding fathers, Mehmet aims to systemise Islamic political economy as the defining framework for the moral or social economy aimed at by Islamic economics, a term that falls short of the aspirations. Secondly, Mehmet develops the discourse around ‘social and developmentalist failure’ of Islamic banking and finance in relation to the expressed ideals of Islamic moral economy. In reflecting on the political economy nature of Islamic finance, he is also researching the political economy of Islamic finance related developments in various parts of the world (particularly in Turkey, Malaysia and Indonesia). Mehmet also involved in empirical research in various aspects of Islamic finance.

Mini Biography

Director, Durham Doctoral Training Centre in Islamic Finance

 

Research interests

  • Islamic economics/Islamic moral economy
  • Islamic finance, banking and management
  • Political economy of development – Middle East, Turkey and Kurds
  • Political economics, public choice and public sector economics

Esteem Indicators

  • Associate Editor, American Journal of Islamic Social Sciences, since 2009:
  • Managing Editor, Review of Islamic Economic, since 2000:
  • Member of the Editorial Advisory Board, International Journal of Islamic and Middle Eastern Finance and Management, since 2011:
  • Member of the International Editorial Advisory Board, International Journal of Innovation and Business Strategies, since 2011 :
  • Member of the International Editorial Board, Borneo Journal of Business and Economics, since 2010 :

Media Contacts

Available for media contact about:

  • Government: Middle East Political Economy; Turkish Political Economy; Kurdish Political Economy
  • Middle eastern and Islamic studies: Middle East Political Economy; Turkish Political Economy; Kurdish Political Economy
  • Business, Economics & Employment: Islamic economics, banking and finance
  • Business, Economics & Employment: Middle East Political Economy; Turkish Political Economy; Kurdish Political Economy

Publications

Authored book

  • Eid, W. K. & Asutay, M. (2019). Mapping the Risks and Risk Management Practices in Islamic Banking. London: John Willey & Sons.
  • Jan, Shafiullah & Asutay, Mehmet (2019). A Model for Islamic Development: An Approach in Islamic Moral Economy. Edward Elgar Publishing.
  • Tolefat, A.K. & Asutay, M. (2013). Takaful Investment Portfolios: A Study of the Composition of Takaful Funds in the GCC and Malaysia. London: John Wiley & Sons.

Book review

  • Asutay, M. (2003). A Modern History of the Kurds. The Muslim World Book Review 24: 47-53.
  • Asutay, M. (2002). Westernizing the Third World: The Eurocentricity of Economic Development Theories. The Muslim World Book Review 22(4): 26-30.
  • Asutay, M. (2002). Privatisation and the Creation of a Market-Based Legal System: The Case of Eqypt. The Muslim World Book Review 23(4): 51-55.
  • Asutay, M. (2002). The Turkish Republic at 75 Years. The Muslim World Book Review 23(1): 41-42.
  • Asutay, M. (2002). Money, Land and Trade: An Economic History of the Muslim Mediterranean. Review of Islamic Economics (12): 109-112.
  • Asutay, M. (2001). Bandits and Bureaucrats: The Ottoman Route to State Centralization. The Muslim World Book Review 21(4): 29-33.
  • Asutay, M. (2001). Identity Politics in Central Asia and the Muslim World: Nationalism, Ethnicity and Labour in the Twentieth Century. Encounters: Journal of Inter-Cultural Perspectives 7(2 (September): 231-233.
  • Asutay, M. (2001). The Revolution of 1908 in Turkey. American Journal of Islamic Social Science 18(2 (Spring): 172-185.
  • Asutay, M. (2000). A History of Middle East Economies in the Twentieth Century. The Muslim World Book Review 20(4 (Summer): 31-34.
  • Asutay, M. (1999). State and Business in Modern Turkey: A Comparative Study. The Muslim World Book Review 19(4 (Summer): 33-35.

Chapter in book

Edited book

  • Asutay, M. & Turkistani, A. (2015). Islamic Finance: Political Economy, Values and Innovations. Berlin: Berlin: Gerlach.
  • Asutay, M. & Turkistani, A. (2015). Islamic Finance: Risk, Stability and Growth. Berlin: Berlin: Gerlach.
  • Asutay, M. & Turkistani, A. (2015). Islamic Finance: Performance and Efficiency. Berlin: Berlin: Gerlach.
  • Ahmed, H., Asutay, M. & Wilson, R. (2014). Islamic Banking and Financial Crisis: Reputation, Stability and Risks. Edinburgh: Edinburgh University Press.

Journal Article

Newspaper/Magazine Article

  • Asutay, M. (2013). Islamic finance, the Gulf and London's Future as a Global Hub. The Conversation
  • Asutay, M. (2012). Islamic Economics: Between Aspirations and Reality. Papers of Dialogue 3 July - September: 20-23.
  • Asutay, M. (2012). The socio-ethical failure in Islamic banking and finance. New Horizon (182): 33-35.
  • Asutay, M. & Marzban, S. (2012). Standing Out with the Crowd. The Banker (Special Issue: Top Islamic Financial Institutions, November): 28-29.
  • Asutay, M. (2010). Considering the Dichotomy between the Ideals and Realities of Islamic Finance. NewHorizon (174): 32.
  • Asutay, M. (2008). Islamic banking and finance social failure. New Horizon (169): 1-3.
  • Asutay, M. (2007). Two track development the future of Islamic finance in Turkey. Islamic Business and Finance (22): 12-13.

Working Paper

Supervision students