Staff Directory


Syed Marwan Mujahid Bin Syed Azman

Academic Qualification

  • Ph.D in Islamic Banking and Finance - Doctor of Philosophy, International Islamic University Malaysia
  • Chartered Islamic Finance Professional (CIFP) - Masters Degree, International Centre for Education in Islamic Finance (INCEIF)
  • Bachelor of Commerce - Bachelor Degree, The University of Melbourne

Syed Marwan Mujahid Bin Syed Azman (Dr.)

Assistant Professor
IIUM Gombak Campus

INSTITUTE OF ISLAMIC BANKING AND FINANCE

Other's position:

Coordinator, Institute of Islamic Banking and Finance


syedmarwan@iium.edu.my
NA


Expert Profile



Syed Marwan serves as an Assistant Professor and ICT Coordinator at the Institute of Islamic Banking and Finance (IIiBF), within the International Islamic University Malaysia (IIUM). 








He earned his Degree of Commerce, majoring in Economics & Finance, from the University of Melbourne, before achieving his Chartered Islamic Finance Professional (CIFP) qualification at the International Centre for Education in Islamic Finance (INCEIF). He completed his PhD at IIiBF, focusing his research on Social Impact Bonds. 








His professional journey in the finance industry includes roles such as an Analyst at Kuwait Finance House Research in 2013 and participation in an industrial attachment through the CEO@Faculty fellowship program at Maybank Group, under the guidance of its CEO of Human Capital during 2020-2021. 








His teaching portfolio encompasses key subjects such as Principles of Economics, Islamic EconomicsFinancial SystemsWaqf, and Sustainable Development, showcasing a broad and impactful academic commitment. 

He has been involved in notable research projects, being the Principal Investigator for a completed project, “Social Impact Performance Measurement Model for Islamic Financial Institutions: Integrating Sustainable Development Goals (SDGs), Value-Based Intermediation (VBI), and Maqasid al-Shariah”. 








Currently, he is the Principal investigator for an ongoing project, “Development of Social Impact Measurement Framework for Elderly Care Centres in Malaysia” and co-Researchers for other ongoing sponsored research projects: “Humanitarian Sukuk: Developing an Alternative Financial Tool in Addressing the Refugee Crisis,” funded by Fundamental Research Grant Scheme (FRGS); “Contemporary Corporate Practices from the Perspective of Islamic Ethics”, funded by Maybank Islamic; and private sponsored projects: “Pioneering Waqf Healthcare Haven for Elderly People: A Sustainable Longterm Care Solution”; “Assessing the Financial Vulnerability of the Elderly Citizen in the B40 Community, Malaysia”; and “Developing Takaful Products and Framework for Holistic Protection of Senior Citizens in the Malaysian Ecosystem”.   








His significant contributions through writings and research in the fields of Sustainable & Responsible Investment (SRI), Social Impact Bonds (SIB), and impact measurement demonstrate his dedication to promoting ethical and socially responsible finance.   


Area of Specialisation


  • Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Other Islamic Finance n.e.c. - Social Finance
  • Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Other Islamic Finance n.e.c. - Social Impact Sukuk
  • Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Other Islamic Finance n.e.c. - Social Impact Bonds


Professional Membership


  • 2023 - 2023: Member of Profesional Body / Association: (Member), Association of Shariah Advisors in Islamic Finance (ASAS)
  • 2023 - 2023: Member of Profesional Body / Association: (Member), International Council of Islamic Finance Educators (ICIFE)


Teaching Responsibilities


ISLAMIC ECONOMICS 2023/2024 2022/2023
ISLAMIC FINANCIAL SYSTEM 2023/2024 2022/2023
PRINCIPLES OF ECONOMICS 2023/2024 2022/2023
SEMINAR ON WAQF FINANCIAL REPORTING AND GOVERNANCE 2023/2024 2022/2023
SUSTAINABLE DEVELOPMENT: ISSUES, PRINCIPLES AND PRACTICES 2022/2023
TRANSACTIONS IN ISLAMIC BANKING AND FINANCE 2023/2024
WAQF AND ISLAMIC FINANCE 2022/2023


Supervision


إيرادات الـــميزانية العامة لسلطنة عمان: دراسة تقويــــمية في ضوء الشريعة الإسلامية .
The General Budget Revenues Of The Sultanate Of Oman: An Avaluative Study In Light Of The Shariah.
Ph.D In Progress Main Supervisor
Achieving (Sdgs)Via Islamic Social Finance: A Maqasid Based Analysis.
Ph.D In Progress Co-supervisor
An Empirical Investigation In Developing An Alternative Financial Tool In Addressing Refugees Crisis: Humanitarian Sukuk In Europe.
Ph.D In Progress Co-supervisor
The Role Of Islamic Banks In An Inclusive Economic Growth In Senegal: Empirical Evidence.
Master Completed 2024 Main Supervisor
A Qualitative Study On Viability Of Green Sukuk Post Pandemic In Malaysia.
Master Completed 2022 Main Supervisor
An Exploratory Study Onsocial Impact Measurementin Islamic Social Financ Eecosystem..
Master Completed 2022 Main Supervisor
The Development Of Social Impact Framework For Waqf In India.
Master Completed 2021 Main Supervisor
An Exploratory Study Of The Digital Discourse And Social Media Narratives Of Islamic Financial Institutions In Malaysia.
Master In Progress Main Supervisor


Research Projects


Completed
2019 - 2022 Social Impact Performance Measurement Framework for Islamic Financial Institutions: Integrating Sustainable Development Goals (SDGs), Value-Based Intermediation (VBI) and Maqasid asShari'ah
On-Going
2023 - Present Assessing the Financial Vulnerability of the Elderly Citizen in the B40 Community Malaysia
2023 - Present Developing Takaful Products and Framework for Holistic Protection of Senior Citizens in the Malaysian Ecosystem
2023 - Present Contemporary Corporate Practices from the Perspective of Islamic Ethics
2023 - Present Development of Social Impact Measurement Framework for Elderly Care Centres in Malaysia
2023 - Present Pioneering Waqf Healthcare Haven for Elderly People: A Sustainable Long-term Care Solution
2019 - Present Humanitarian Sukuk: Developing An Alternative Financial Tool in Addressing Refugee Crisis


Publications


Article

2023 Factors influencing intention to invest in Shariah-compliant social impact bonds in Malaysia. Journal of Islamic Accounting and Business Research, () pp. 1-21
2023 Kawal pengeluaran caruman KWSP elak implikasi jangka panjang. Berita Harian, 20 Mar 2023 () pp. 12-12
2023 KWSP bersasar perlu ikut Islam. Utusan Malaysia, 20 Mar 2023 () pp.
2023 Social impact measurement as a tool of governance and accountability for waqf organisations. International Journal of Islamic Economics and Finance Research, (1 Special Issue) pp. 132-148
2023 Social impact measurement of Waqf: case study of Waqf organisations in Karnataka, India. AZKA International Journal Of Zakat & Social Finance (AZJAF), 4 (2) pp. 199-218
2022 An empirical comparison of sustainable and responsible investment sukuk, social impact bonds and conventional bonds. ISRA International Journal of Islamic Finance, 14 (3) pp. 256-273
2022 Critical success factors of implementing sustainable and responsible investment (SRI) Sukuk for economic recovery from COVID-19 pandemic. Journal of Economic and Administrative Sciences, () pp. 1-21
2021 An assessment of using sukuk for waqf property development in India. Journal of Islamic Finance, 10 (1 (Special Issue)) pp. 85-91
2020 Traversing the tightrope: the socio-economic impact of covid-19 & reform of social protection policies in Malaysia. Friedrich-Ebert-Stiftung Publication, () pp. 1-45
2019 Does doing good pay off? Social impact bonds and lessons for Islamic finance to serve the real economy. Islamic Economic Studies, 27 (1) pp. 23-37
2019 Islamic social finance and the imperative for social impact measurement. Al-Shajarah: Journal of The International Institute of Islamic Thought and Civilization (ISTAC), Special Issue: Islamic Banking and Finance () pp. 43-68
2019 Potential development of SRI sukuk models for higher learning institutions in Malaysia based on Wakalah and Waqf. Journal of Islamic Finance, 8 (Special Issue) pp. 90-106
2016 Potential role of social impact bond and socially responsible investment sukuk as financial tools that can help address issues of poverty and socio-economic insecurity. Intellectual Discourse, 24 () pp. 343-364
2016 Sustainable and responsible investment (SRI):trends and prospects. Jurnal Muamalat, 9 (2016) pp. 1-21
2016 The Potential of Innovative Financial Tools: Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk, Towards The Sustainable Growth of The Islamic Finance Industry. European Journal of Islamic Finance, 4 (2016) pp. 1-8
2015 Social impact bonds in light of maqasid al-shari‘ah and maslahah. Journal of Islamic Economics, Banking, and Finance (JIEBF), 11 (4) pp. 31-40
2014 Academic freedom and educational responsibility in malaysian higher institutions of learning. IIUM Journal of Educational Studies, 2 (1) pp. 1-11
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 Consideration on refugees’ financial assistances: why humanitarian Sukuk is important?. In: 10th ASEAN International Conference on Islamic Finance 2022 (AICIF-10): The Role of Islamic Banking and Islamic Social Finance for Economic Sustainability,
2021 Misconception Of Zakat And Distributive Justice In Islam: Case Study Of Zakat Institutions In Malaysia. In: 9th ASEAN Universities International Conference on Islamic Finance,
2020 Critical success factors of implementing SRI sukuk for economic recovery post-Covid-19 pandemic. In: International Conference on Islamic Social Finance: Pandemic Crisis and Possible Solutions (ISFPCPS 2020),
2020 Globalizing zakat assistance for humanitarian crisis: issues and challenges. In: 4th International Virtual Conference on Zakat, Waqf and Islamic Philanthropy: Philanthropy Model 4.0 Towards Empowering Ummah with Technology (ZAWFI) 2020,
2020 Old wine in a shariah-compliant bottle?: an empirical comparison of SRI sukuk, social impact bonds, and conventional bonds. In: 8th ASEAN Universities International Conference on Islamic Finance (8th AICIF) 2020,
2020 Understanding potentials of humanitarian sukuk and its contribution towards financial refugee crisis. In: 3rd UUM International Islamic Business Management Conference,
2019 Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk. In: Proceeding of 7th ASEAN Universities International Conference on Islamic Finance (AICIF) 2019,
2019 Critical success factors of implementing shari’ah-compliant social impact bonds in Malaysia: a survey of stakeholders. In: Social Outcomes Conference 2019,
2019 The potential of sustainable and responsible investment (SRI) sukuk as a funding mechanism for affordable housing in Malaysia. In: Social Outcomes Conference 2019,
2018 Alternative financing modes for higher learning institutions in Malaysia – Socially Responsible Investment (SRI) Sukuk & Social Impact Bonds (SIB). In: 6th ASEAN Universities International Conference on Islamic Finance (AICIF), Makati, Philippines,
2015 Identifying critical factors towards building a viable sadaqa house model in Malaysia. In: Sadaqah House Seminar,
Book

2021 Strengthening government-university-industry and community collaboration. Penerbit UMT, ISBN: 978-967-2939-59-7
Book Section

2023 Addressing negative spillover effects of overcrowding in Malaysian prisons: can Islamic financial institutions play a role?. In: Springer, ISBN: 978-3-031-27859-4, pp. 323-333
2022 Coming together: a comprehensive overview of the transdisciplinary perspectives of school belonging. In: Routledge, ISBN: 9780367855864, pp. 246-266
2021 Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk. In: Kolej Profesional Baitulmal Kuala Lumpur (KPBKL), ISBN: 9789671684337, pp. 350-362
2021 Funding Covid-19 economic stimulus through Islamic social finance: a proposal for impact-waqf SRI sukuk. In: IGI Global, ISBN: 9781799868118, pp. 1-15
2021 Mother T.I.G.E.R leadership. In: Penerbit UTeM Press, ISBN: 978-967-2454-70-0, pp. 181-190
2021 Mother T.I.G.E.R leadership. In: Penerbit UTeM Press, ISBN: 978-967-2454-70-0, pp. 181-190
2021 The potential development of waqf in India post-Covid-19: a SWOT-TOWS analysis. In: IGI Global, ISBN: 9781799868118, pp. 1-27
2021 Trust and belonging in individual and organizational relationships. In: Emerald Publishing Limited, ISBN: 978-1-80071-265-2, pp. 19-31
2020 Combining sukuk with waqf for socio-economic development. In: Cambridge Institute of Islamic Finance (Cambridge-IIF), ISBN: 978-0-9570932-8-7, pp. 138-148
Monograph

2018 Alternative financing modes for higher learning institutions in Malaysia: socially responsible investment Ṣukūk, social impact bonds, and public-private partnerships. In: ISRA,