Staff Directory


Nur Harena Binti Redzuan

Academic Qualification

  • Ph.D in Islamic Banking and Finance - Doctor of Philosophy, International Islamic University Malaysia
  • Msc. in Islamic Banking and Finance - Masters Degree, International Islamic University Malaysia
  • BA (Hons) Accounting and Computer Science - Bachelor Degree, University of Liverpool

Nur Harena Binti Redzuan (Assoc. Prof. Dr.)

Associate Professor
IIUM Gombak Campus

INSTITUTE OF ISLAMIC BANKING AND FINANCE

Other's position:

Head of Program, Institute of Islamic Banking and Finance


nurharena@iium.edu.my
3641


Area of Specialisation


  • Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Islamic Banking


Teaching Responsibilities


ISLAMIC BANKING PRODUCTS AND OPERATIONS 2023/2024 2022/2023 2019/2020
ISSUES IN ISLAMIC FINANCIAL INCLUSION 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
MONEY AND BANKING 2020/2021 2019/2020 2018/2019
RESEARCH METHODOLOGY 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020 2018/2019
USRAH IN ACTION 1 2022/2023
USRAH IN ACTION 2 2022/2023


Supervision


Issues And Challenges In The Equity Financing In Islamic Banking: Evidence From Sudan.
Ph.D Completed 2023 Co-supervisor
Social Impact Measurement Model Of Islamic Microfinance Towards Financial Inclusion.
Ph.D In Progress Main Supervisor
Impact Of Amanah Ikhtiar Malaysia'S Islamic Microfinance Program: Acase Study Of Socioeconomic Empowerment In Pulau Pinang.
Ph.D In Progress Main Supervisor
Islamic Cooperatives As Islamic Mfis In Achieving Maqasid Shariah In Southern Thailand: The Challenges And Opportunities.
Ph.D In Progress Main Supervisor
A Conceptual Integrated Cash Waqf House Financing (Icwhf) Model In Jakarta Province.
Ph.D In Progress Co-supervisor
Developing A Sustainable Microtakaful Model And Enhancement Of Financial Literacy For The B40 Community In Malaysia.
Ph.D In Progress Co-supervisor
Factors Affecting The Adoption Of Shariah Compliant Banking In Kenya.
Master Completed 2024 Main Supervisor
Assessment Of Challenges And Opportunities For The Adoption Of Islamic Banking In Northern Nigeria .
Master Completed 2024 Main Supervisor
An Analysis On Level Of Financial Planning Among Youth In Malaysia.
Master Completed 2023 Main Supervisor
The Influence Of Islamic Financial Literacy And Its Determinants Towardsthe Investment Decision By University Students.
Master Completed 2023 Main Supervisor
Empowering Zakat Management By The Viability Of The Financial Technology: The Case Of Zakat Institutions In Malaysia .
Master Completed 2023 Main Supervisor
An Exploratory Study Of The Role Of Shariah Committee Towards Risk Management Practices In Islamic Microfinance Institutions In Malaysia..
Master Completed 2023 Main Supervisor
Factors Determining Loan Repayment In Microfinance Banks In Mogadishu.
Master Completed 2023 Main Supervisor
Exploring The Awareness & Perception Of Bangsamoro People Towards Islamic Banking & Finance .
Master Completed 2022 Main Supervisor
The Exploratory Of Issue And Challenges Of Islamic Letter Of Credit.
Master Completed 2022 Main Supervisor
Utilization Of Zakat Funds In Healthcare To Improve Living Standard Of The Poor In Bangladesh.
Master Completed 2022 Main Supervisor
The Role Of Financial Behaviour, Financial Stress, And Financial Well-Being In Explaining The Islamic Financial Literacy Among The University Students.
Master Completed 2022 Main Supervisor
Development Residential Property For B40 In Kuala Lumpur: A Collaboration Between Islamic Bank, Waqf & Zakat Institutions.
Master Completed 2022 Main Supervisor
An Analysis Of Islamic Financial Literacy Towards Poverty Alleviation Among Malaysian .
Master Completed 2022 Main Supervisor
The Influence Of Digital Financial Literacy Towards Financial Inclusion In Malaysia For The B40 Income Group.
Master Completed 2021 Main Supervisor
Impact Of Islamic Financial Literacy On Muslim Youth Financialretirement Planning In Indonesia.
Master Completed 2021 Main Supervisor
The Comparative Analysis Between Ar-Rahn And Conventional Pawnbroking Practice In Malaysia.
Master Completed 2021 Main Supervisor
The Sustainability Of Microfinance Institution In Serving The Low Income Group In Malaysia.
Master Completed 2020 Main Supervisor
Understanding Risk And Risk Management Of Islamic Banks In Somalia.
Master Completed 2020 Main Supervisor
Sustainability Of Shariah Audit Practice In Achieving Of Sdgs : A Conceptual Review From The Islamic Banking In Indonesia.
Master Completed 2020 Main Supervisor
Financial Inclusion Among B40 People In The Rural Areas Of East Coust, Malaysia.
Master Completed 2020 Main Supervisor
A Study On The Customer Behavior Towards Islamic Banking Products And Services In Somaliland.
Master Completed 2020 Main Supervisor
The Influence Of Islamic Financial Literacy In Managing Income And Liabilities Among Millenial In Indonesia.
Master Completed 2020 Main Supervisor
A Comparative Analysis On The Performance Of Investment Linked Plans (Ilps) In Malaysia.
Master Completed 2020 Main Supervisor
Comparative Analysis Of Sharia Banks And Conventional Banks' Performance In Indonesia.
Master Completed 2020 Main Supervisor
Prospects And Challenges Of Islamic Bank In Mali.
Master Completed 2020 Main Supervisor
The Exploratory Study Of Ijarah Montahiyah Bittamlik : For Islamic Banks In Jordan.
Master Completed 2019 Main Supervisor
Islamic Philanthropy Towards Disasters And Economic Growth: A Case Study In Oic Countries.
Master In Progress Main Supervisor
Implementing Cash Waqf In Malaysia: Issues And Challenges.
Master In Progress Main Supervisor
Adoption Of Islamic Microfinance Among Samll And Medium Enterpriser In Nairobi Kenya.
Master In Progress Main Supervisor
Examining And Analysing The Impacts On The Application Of Variable Rates In The Pricing Mechanism For The Financing Products Of Islamic Banks In Malaysia.
Master In Progress Main Supervisor


Research Projects


Completed
2022 - 2023 Crowdfunding in Islamic Sustainable Finance: A Review
2021 - 2023 Exploring the Potential of Islamic Microfinance to Improve Financial Condition for Low-Income Households in Perlis
2019 - 2022 Social Impact Performance Measurement Framework for Islamic Financial Institutions: Integrating Sustainable Development Goals (SDGs), Value-Based Intermediation (VBI) and Maqasid asShari'ah
2019 - 2022 Islamic Social Finance Framework for B40 in achieving Sustainable Development Goal 1.
2018 - 2022 Addressing the Financial Behaviors of the Stakeholders of Islamic Financial Institutions Towards the Financial Crime: The Case of Malaysia
On-Going
2023 - Present Microfinance Impact Study Measurement Performance and Effectiveness: A Case of Bank Kerjasama Rakyat Malaysia Berhad
2023 - Present Value-Based Intermediation for Takaful Operator in Malaysia: Opportunities and Challenges
2023 - Present Book Publication: Islamic Financial Inclusion: Issues, Challenges and Way Forward
2023 - Present Microtakaful for the Elderly in the B40: Proposing a Ta'awun-Based Framework Incorporating Islamic Social Finance
2023 - Present A Review on Social Impact Measurement and Maqasid Shariah Parameter for Islamic Microfinance Literature.


Award & Recognition


24 Oct, 2017 Best Paper Award - Universiti Teknologi MARA (UiTM) National
10 Oct, 2017 Silver Medal - Ministry of Higher Education National
23 Nov, 2015 Best Paper Award - MALAYSIAN CONSUMER AND FAMILY ECONOMICS ASSOCIATION (MACFEA) National


Publications


Article

2023 A proposed framework on Zakat in the healthcare system for the poor. AZKA International Journal Of Zakat & Social Finance (AZJAF), 4 (2) pp. 67-76
2023 Analysis of Umer Chapra thought on Islamic monetary instruments in Indonesia: a vector autoregressive (VAR) and vector error correction model (VECM) approach. Albukhary Social Business Journal, 4 (1) pp. 65-83
2023 Islamic financial literacy and living standard of women in Malaysia. International Journal of Advanced Research in Economics and Finance, 5 (3) pp. 235-247
2023 The role of financial behavior, financial stress, and financial well-being in explaining Islamic financial literacy among university students. Journal of Finance and Banking Review, 8 (1) pp. 43-57
2023 Waqf microtakaful: practical implications and viability assessment in the context of takaful industry in Malaysia. Journal of Islamic Finance, 12 (1) pp. 48-58
2022 Development residential property for B40: a proposed collaboration framework between Islamic Bank, Waqf, and Zakat Institutions. International Journal of Islamic Business, 7 (2) pp. 13-43
2022 Islamic social finance and sustainable development goals: issues and challenges. Journal of Islamic Finance, 11 (2) pp. 56-67
2022 Micro Takaful programs for the poor: the Malaysian experience. International Journal of Accounting, Finance and Business (IJAFB), 7 (45) pp. 65-81
2021 A Study on the Sustainability of Microfinance Institutions in Serving the Low-Income Group in Malaysia. Turkish Journal of Islamic Economics (TUJISE), 8 ((Special Issue - Islamic Social Finance and Pandemic Crisis)) pp. 339-353
2021 Issues and challenges of financial inclusion among low-income earners in rural areas of Malaysia. Turkish Journal of Islamic Economics, 8 (Special Issue) pp. 277-299
2020 Correction to: prediction accuracy improvement for Bitcoin market prices based on symmetric volatility information using artificial neural network approach (Journal of Revenue and Pricing Management, (2020), 10.1057/s41272-020-00229-3). Journal of Revenue and Pricing Management, () pp.
2020 Prediction accuracy improvement for Bitcoin market prices based on symmetric volatility information using artificial neural network approach. Journal of Revenue and Pricing Management, () pp.
2019 A conceptual framework for the Impact of financial crime towards the financial performance of Islamic financial institutions. Al-Shajarah, Special Issue: Islamic Banking and Finance () pp. 23-41
2018 Projection pricing for musyarakah mutanaqisah home financing with the use of rental yield as the reference benchmark pricing. International Journal of Engineering & Technology, 7 (3.35) pp. 289-292
2018 Rental yield as alternative to interest rate in pricing musyarakah mutanaqisah home financing - the case for Malaysia.. Al-Shajarah, Special Issue, Islamic Banking & Finance, (2018) () pp. 69-88
2017 House price index as an alternative pricing benchmark for Islamic home financing: evidence of Malaysia. European Journal of Islamic Finance, 6 () pp. 1-7
2017 What drives house price in Malaysia? In search of an alternative pricing benchmark for Islamic home financing. Planning Malaysia: Journal of the Malaysian Institute of Planners, 15 (4) pp. 21-34
Conference or Workshop Item

2022 A proposal for social impact measurement framework for digital banks in Malaysia. In: 2nd Karatay International Conference on Islamic Economics and Finance (KARCIEF 2022),
2022 An analysis of the impact of Islamic microfinance among Asnaf. In: 10th ASEAN International Conference on Islamic Finance (10th AICIF 2022),
2022 Challenges and opportunities in socio economics impact towards SDG in Sharia banking industry in Malaysia. In: The 1st International Conference on Sharia Banking,
2022 Improving microtakaful offering through stakeholders’ collaboration: critical analysis using systematic literature review. In: 10th ASEAN International Conference on Islamic Finance (10th AICIF 2022),
2022 Potential of Islamic microfinance: issues, challenges and way forward. In: 10th ASEAN International Conference on Islamic Finance (10th AICIF 2022),
2022 The influence of digital financial literacy towards financial inclusion for B40 group in Malaysia. In: 2nd Karatay International Conference on Islamic Economics and Finance (KARCIEF 2022),
2022 The role of financial behaviour, financial stress and financial well-being towards Islamic financial literacy. In: 10th ASEAN International Conference on Islamic Finance (10th AICIF 2022),
2022 The role of Islamic economics towards a green economy. In: International Seminar KaSEI Expo Intellectual Event (KaSEIVENT) 5.0,
2021 A comparative analysis of Sharia banks and conventional banks' performance in Indonesia. In: The 13th International Conference on Islamic Economics and Finance & The 7th International Islamic Monetary Economics and Finance Conference,
2021 A Study on the Practice of Ar-Rahnu Institutions in Malaysia. In: The 5th International Conference on Business and Economics (ICBE 2021),
2021 Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia. In: International Conference on Islamic Financial Literacy (ICiFIL 2021),
2021 An exploratory study on the opportunities and challenges towards the establishment of Islamic banking in Mali. In: 1st International Research Conference on Shariah Compliant Industries - Shariah Compliant Industries: Global Economic Development,
2021 Efficiency comparison between conventional and Islamic microfinance: empirical evidence from Grameen Bank and akhuwat microfinance using data envelopment analysis. In: International Conference on Islamic Financial Literacy (ICiFIL 2021),
2021 IMPACT OF ISLAMIC FINANCIAL LITERACY ON FINANCIAL RETIREMENT PLANNING INTENTION AMONGST INDONESIAN MUSLIM STUDENT IN A MALAYSIAN UNIVERSITY. In: International Conference On Islamic Financial Literacy 2021 (ICiFIL 2021),
2021 Potential solutions to financing problems among the poor: case of Baitul Maal Wa Tamwil in Indonesia. In: International Conference on Islamic Financial Literacy (ICiFIL 2021),
2020 A comparative analysis on the performance of investment linked plan for insurance and takaful in Malaysia. In: 8th ASEAN Universities International Conference on Islamic Finance (8th AICIF 2020),
2020 A study on the influence of Islamic financial literacy in managing cash and debt among millennial in Indonesia. In: Islamic Social Finance Outreach Programme (ISFO 2020),
2020 A study on the sustainability of microfinance institutions in serving the low-income group in Malaysia. In: International Conference on Islamic Social Finance: Pandemic Crisis and Possible Solutions,
2020 An analysis of the challenges of M-Pesa as instrument for financial inclusion in rural Kenya. In: International Conference on Islamic Social Finance: Pandemic Crisis and Possible Solutions,
2020 Efficiency and effectiveness of zakat distribution for socio-economic benefits and wellbeing of zakat recipients. In: Islamic Social Finance: Pandemic Crisis and Possible Solutions,
2020 Issues and challenges of financial inclusion among B40 in the rural areas of Malaysia. In: International Conference on Islamic Social Finance: Pandemic Crisis and Possible Solutions,
2019 Predicting rental yield for the benchmark pricing of equity home financing. In: The 7th ASEAN Universities International Conference on Islamic Finance (AICIF 2019),
2019 The important factors of anti-money laundering and counter-terrorism financing education. In: 1st International Conference on Financial Markets 2019 (ICFM),
2017 Projection pricing for musyarakah mutanaqisah home financing with the use of rental yield as the reference benchmark pricing. In: The 5th International Accounting and Business Conference 2017 (IABC 2017),
2017 Rental yield as an alternative to interest rate to price musyarakah mutanaqisah home financing in Malaysia. In: International Academic Conference on Business and Economics (IACBE 2017),
2016 House price index as an alternative to interest rates to price Islamic home financing: an empirical investigation. In: 2nd Advances in Business Research International Conference 2016 (ABRIC 2016),
2016 The relationship of house price to the housing supply and demand in Malaysia. In: 8th International Real Estate Research Symposium (IRERS) 2016,
2015 Affordable housing vis a vis affordable financing: does it matter?. In: 19th MACFEA National Seminar (MACFEA2015),
2015 Empirical analysis of alternative pricing benchmarks for Islamic home financing product. In: 9th International Conference Journal of Monetary Economics and Banking (Buletin Ekonomi Moneter dan Perbankan BEMP-2015,
2015 House price index as an alternative pricing benchmark for Islamic home financing: evidence of Malaysia. In: 3rd International Conference on Entrepreneurial Finance (CIFEMA' 2015),
2014 Factors influencing the customers' selection towards diminishing partnership home financing: an empirical study . In: Islamic Business Management Conference (IBMC 2014),
2013 Replication of short selling in Islamic Finance: potential structures and issues. In: 1st ASEAN International Conference on Islamic Finance (1st AICIF),
Book Section

2024 Enhancing Shariah governance practice: insights from the non-profit organizations in Malaysia. In: Springer, ISBN: 978-3-031-48478-0, pp. 449-460
2023 An analysis of the impact of Islamic microfinance among asnaf. In: Springer, ISBN: 978-3-031-27859-4, pp. 177-183
2023 Identifying factors of financial exclusion of rural farmers: case study in Ulu Dong, Raub, Pahang. In: Springer, ISBN: 978-3-031-27859-4, pp. 245-254
2023 Improving microtakaful offering through stakeholders’ collaboration: critical analysis using systematic literature review. In: Springer, ISBN: 978-3-031-27859-4, pp. 219-230
2023 Potential of Islamic microfinance: issues, challenges, and way forward. In: Springer, ISBN: 978-3-031-27859-4, pp. 157-166
2023 The role of financial behavior, financial stress, and financial well-being toward Islamic financial literacy. In: Springer, ISBN: 978-3-031-27859-4, pp. 167-176
2021 A study on the influence of Islamic financial literacy in managing cash and debt among millennial in Indonesia. In: IGI Publisher, ISBN: 1799868117, pp. 1-18
2021 An Exploratory Study on the Opportunities and Challenges Towards the Establishment of Islamic Banking in Mali. In: Kolej Professional Baitulmal Kuala Lumpur, ISBN: , pp. 164-195
2018 An analysis of house price index as the alternative pricing benchmark for Islamic home financing. In: Springer Nature Singapore Pte Ltd, ISBN: 978-981-10-6053-3, pp. 197-208
2018 An analysis of house price index as the alternative pricing benchmark for Islamic home financing. In: Springer Nature Singapore Pte Ltd, ISBN: 978-981-10-6053-3, pp. 197-208