Staff Directory


Hafiz-Majdi Bin Ab Rashid

Academic Qualification

  • Doctor of Philosophy in Accounting - Doctor of Philosophy, University of Lancaster
  • Master in Accounting and Finance - Masters Degree, University of Lancaster
  • Bachelor of Accounting (Honours) - Bachelor Degree, International Islamic University Malaysia
  • English and Arabic Language - Certificate, Kolej Ugama Sultan Zainal Abidin (KUSZA)

Hafiz-Majdi Bin Ab Rashid (Assoc. Prof. Dr.)

Associate Professor
IIUM Gombak Campus

KULLIYYAH OF ECONOMICS AND MANAGEMENT SCIENCES


arhafiz@iium.edu.my
4765


Expert Profile


Dr. Hafiz Majdi started his career as an audit assistant at a public accounting firm in Kuala Lumpur in 1994. However, due to his passion for teaching, he resigned and joined the International Islamic University Malaysia in 1995 as an Assistant Lecturer. He then left for England in September 1995 to pursue his Master's degree in Accounting and Finance at Lancaster University. He obtained a distinction in his Master's degree and then, continued his Ph.D study at the same university. His Ph.D thesis focuses on the influence of information disclosure and cost of capital (i.e. both cost of equity and cost of debt).
Since he came back after the completion of his Ph.D in 2000, he has been very much involved in teaching of the higher level courses in the undergraduate (e.g. Accounting Theory and Policy) and postgraduate programmes (e.g. Financial Accounting and Reporting, and Quantitative Methods). Due to his strong exposure to the quantitative research design during his Ph.D at Lancaster University, he has always been required to teach quantitative research methods. Administratively, he has held positions including Deputy Dean (Postgraduate), Postgraduate Coordinator and Head of Accounting Department.
Dr. Hafiz Majdi has published research papers in international refereed journals in the areas of disclosure, intellectual capital and corporate governance, and supervised more than thirty postgraduate students at both Master's and Ph.D levels. He is currently writing a book on Accounting Theory where he comprehensively compares the Accounting Frameworks between the Conventional view and the Shariah perspective. He is presently an Associate Professor at the Department of Accounting.


Area of Specialisation


  • Economics, Business And Management ~ Economics, Business And Management ~ Accounting ~ International Accounting
  • Economics, Business And Management ~ Economics, Business And Management ~ Finance ~ Capital Market - Published articles
  • Economics, Business And Management ~ Economics, Business And Management ~ Accounting ~ Financial Reporting (Including Accounting Regulation, Accounting Standards, Accounting Theory, Standard-Setting Process, Financial Reporting in Private and Public Sector Organisations)
  • Economics, Business And Management ~ Economics, Business And Management ~ Accounting ~ Corporate Governance (Including Accountability, Ethics, Integrity) - Published articles


Teaching Responsibilities


ACCOUNTING AND CONTROL OF ISLAMIC FIN. INST. 2022/2023 2021/2022 2019/2020 2018/2019 2017/2018
ACCOUNTING THEORY 2017/2018
ACCOUNTING THEORY & POLICY 2017/2018 2016/2017
ACCOUNTING THEORY AND POLICY 2017/2018
ADVANCED ACCOUNTING 2018/2019 2017/2018 2016/2017
FINANCIAL ACCOUNTING & REPORTING 3 2022/2023 2018/2019
FINANCIAL ACCOUNTING & REPORTING 4 2018/2019
FINANCIAL ACCOUNTING & REPORTING 5 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
FINANCIAL ACCOUNTING AND REPORTING 2016/2017
QUANTITATIVE METHODS 2019/2020 2018/2019 2017/2018 2016/2017
RESEARCH METHODS 2023/2024
ZAKAT ACCOUNTING 2023/2024 2021/2022 2020/2021 2019/2020


Supervision


Disclosure For Social Capital, Financial And Non-Financial Information In The Annual Reports For Baitulmal Wat Tamwil Institutions In Indonesia.
Ph.D Completed 2022 Main Supervisor
Intellectual Capital Efficiency And Firm Performance Of Listed Companies In Malaysia.
Ph.D Completed 2022 Co-supervisor
Earnings Quality And Mandatory Adoption Of International Financial Reporting Standards: The Case Of Nigeria.
Ph.D Completed 2020 Co-supervisor
Corporate Social Reporting Practices Of Islamic Banks In Indonesia: From The Perceptions Of Different Stakeholders .
Ph.D Completed 2018 Main Supervisor
Intellectual Capital And Corporate Value Of Listed Firms In Nigeria: Moderating Role Of Board Diversity.
Ph.D Completed 2017 Main Supervisor
Efficiency And Boardroom Attributes Of Insurers And Takaful Operators In Malaysia.
Ph.D Completed 2017 Main Supervisor
A Comparative Study On The Impacts Of 2007-2008 Financial Crisis Into Islamic And Conventional Banks' Financial Performance In The Gulf Cooperation Council Countries.
Ph.D Completed 2013 Main Supervisor
Corporate Governance And Its Effects On Risk And Cost Ofcapital: Evidence From Malaysia.
Ph.D Completed 2012 Main Supervisor
The Impact Of Corporate Governance On Performance, Risk And Disclosure: Empirical Evidence Of Malaysian Listed Banks From 1996 To 2005.
Ph.D Completed 2009 Main Supervisor
The Trends, Determinants, Usefulness And Effects Of Intellectual Capital Disclosure: Malaysian Evidence.
Ph.D Completed 2009 Main Supervisor
Management Control Systems Design Contingency Variables And Sub-Unit Managerial Performance And Accountability : A Pathanalytic Study In Malaysian Local Goverment.
Ph.D Completed 2005 Co-supervisor
An Empirical Inquisition Of Earnings Management In Malaysian Islamic Financial Institution.
Ph.D In Progress Member Supervisory Committee
Intellectual Capital Reporting Among Universities In Malaysia: A Critical Review.
Ph.D In Progress Main Supervisor
Knowledge And Skills Of Entry-Level Accountants In Afghanistan: Perceptions Of Practitioners And Academicians.
Master Completed 2021 Co-supervisor
Overlapping Memberships On Audit And Other Board Committees : Impacts On Financial Reporting Quality.
Master Completed 2017 Co-supervisor
Corporate Social Responsibility Disclosure And Its Determinants In The Yemeni Banking Sector.
Master Completed 2016 Main Supervisor
Shariah Mutual Funds In India : Prospects And Challenges.
Master Completed 2016 Main Supervisor
Evidence Of Board Diversity And Shari’Ah Committee’S Attributes Of Islamic Banks: Impacts On Performance.
Master Completed 2015 Main Supervisor
Multiple Directorships, Diligence And Firm Performance: An Empirical Analysis Of Malaysian Public Listed Companies.
Master Completed 2015 Main Supervisor
Comparative Financial Reporting Of Musharakah: The Case Of Kuwait Finance House.
Master Completed 2015 Main Supervisor
Managerial Incentives, Ownership Structure And Goodwill Impairment: The Case Of Public Listed Companies In Malaysia.
Master Completed 2014 Co-supervisor
The Impact Of Frs Adoption On Audit Fees: Empirical Evidence From Malaysian Listed Companies.
Master Completed 2013 Main Supervisor
Governance Mechanisms And Corporate Performances Of State -Owned And Federal Government -Linked Companies In Bursa Malaysia.
Master Completed 2010 Main Supervisor
The Extend And Quality Of Voluntary Disclosure In Annual Reports Of Malaysia Listed Company: Stakeholder Perspective.
Master Completed 2010 Main Supervisor
Factor Influencing Timing Of Addption Of Frs121 In Malaysian Companies.
Master Completed 2009 Main Supervisor
Corporate Governance ,Performance ,Earnings Management In Glc.
Master Completed 2009 Co-supervisor
Corporate Governance Mechanisms And Extent Of Disclosure: Analysis Of Main Board And Second Board Companies In Malaysia.
Master Completed 2008 Co-supervisor
Factors Influencing Intellectual Capital Disclosure: A Malaysian Evidence.
Master Completed 2007 Main Supervisor
The Linkages Of Corporate Governance Attributes And Disclosure Quality:Before And After The Implementation Of Malaysian Code On Corporate Governance.
Master Completed 2006 Main Supervisor
Timeliness Of Financial Reporting And Corporate Governance Structure.
Master Completed 2006 Main Supervisor
Governance Mechanisms And Corporate Performance In Malaysian Government-Linked Companies.
Master Completed 2006 Main Supervisor
The Association Between The Board Composition And The Choice Of External Auditor: Evidence From Companies Listed In The Finance Sector Of Bursa Malaysia.
Master Completed 2005 Main Supervisor
Corporate Governance & Corporate Failure: An Empirical Evidence Of Malaysian Public Listed Companies.
Master Completed 2005 Main Supervisor
The Relationship Between Quality Of Disclosure In Corporate Annual Reports And Firm Specific Characteristics : Case Of Nacra.
Master Completed 2004 Main Supervisor
The Characteristics Of Liquidated And Restructured Banks In Indonesia..
Master Completed 2003 Main Supervisor
Firm Performance And Board Structure: An Empirical Investigation Before And After Adoption Of The Malaysian Code On Corporate Governance.
Master Completed 2002 Main Supervisor


Research Projects


Completed
2019 - 2021 Perakaunan dan Pelaporan Kewangan Islam bagi Institusi Baitulmal, Zakat dan Wakaf di Malaysia Fasa 4 2019
2018 - 2018 Penyelidikan Perakaunan dan Pelaporan Kewangan Islam Bagi Institusi Wakaf, Zakat dan Baitulmal di Malaysia (FASA 3)
2018 - 2019 Earnings Quality and Mandatory Adoption of IFRS with Pre-Adoption Divergence Environment: The Case of Nigeria
2017 - 2017 Perakaunan dan Pelaporan Kewangan Islam bagi Institut Zakat, Wakaf dan Baitulmal di Malaysia Fasa 2 2017
2017 - 2018 Towards Providing the Innovative Takaful Products in Malaysia: The Perspective of Consumers, Takaful Operators and Shari'ah Advisors
2016 - 2016 Perakaunan dan Pelaporan Kewangan Islam bagi Institusi, Wakaf, Zakat dan Baitulmal di Malaysia
2015 - 2019 Governance of Malaysian Listed Companies
2012 - 2015 Modelling for Shareholder Value Creating Boards of Malaysian Listed Firms: Do Board Structure and Activities Matter?
2011 - 2015 Economics and Social Dynamic: Implications on CG Practices in Malaysian Listed Companies (RU 2011)
On-Going
2016 - Present Conceptualization of Accounting Framework for Waqf and Zakah in Malaysia
2015 - Present Board Diversity, Religiousity And Firms? Value: Analysis Of Shariah Approved Companies, Islamic Financial Instituition (Ifls)


Publications


Article

2019 Overlapping memberships on the audit and other board committees: impacts on financial reporting quality. Asian Journal of Accounting Perspectives, 12 (1) pp. 49-77
2019 The stakeholders ecosystem of waqf institutions in Malaysia. Jurnal Syariah, 27 (2) pp. 281-300
2018 Awareness and knowledge of takaful in Malaysia: a survey of Malaysian consumers. International Journal of Business and Social Science, 9 (11) pp. 45-53
2018 Examining the innovative minds of Takaful consumers: the case of Malaysia. Indian Journal of Public Health Research & Development, 9 (12) pp. 2652-2655
2018 Intellectual capital efficiency and corporate book value: evidence from Nigerian economy. Journal of Intellectual Capital, 19 (3 (Special Issue: Intellectual Capital of Africa: Issues, Programmes, Perspectives)) pp. 644-668
2018 Pengiktirafan dan pengukuran aset-aset di Majlis Agama Islam Negeri (MAIN): amalan dan cabaran. IPN Journal of Research and Practice in Public Sector Accounting and Management, 8 () pp. 23-48
2018 The impact of internal forces on acceptance of takaful by insurance policy-holders in India. Journal of Islamic Accounting and Business Research, 9 (5) pp. 673-686
2017 Awareness and knowledge of insurance and Takaful in India: A survey on Indian insurance policy holders. Man in India, 97 (11) pp. 127-140
2017 Board characteristics and real performance in Malaysian state-owned enterprises (SOEs). International Journal of Productivity and Performance Management, 66 (8) pp. 1064-1086
2017 Determinant of human capital disclosure in the post IFRS regime: An examination of listed firms in Nigeria. Malaysian Accounting Review, 16 (1) pp. 1-20
2017 Does intense monitoring matter? A quantile regression approach. Borsa Istanbul Review, 17 (2) pp. 75-85
2017 Financial reporting of intangible assets in Islamic finance. ISRA International Journal of Islamic Finance, 9 (2) pp. 190-195
2017 Intellectual capital disclosure and corporate market value: Does board diversity matter?. Journal of Accounting in Emerging Economies, 7 (3) pp. 369-398
2017 Managing the impact of international financial reporting standards on audit and non-audit fees: Some empirical findings and ethical discussions. International Journal Business Management, 2 (2) pp. 1-17
2017 Perakaunan Baitul mal: pengajaran dari tamadun awal Islam. IPN Journal of Research and Practice in Public Sector Accounting and Management, 7 () pp. 29-40
2017 The moderating effect of board homogeneity on the relationship between intellectual capital disclosure and corporate market value of listed firms in Nigeria. International Journal of Economics, Management and Accounting, 25 (1) pp. 71-103
2016 Accounting and accountability of waqf, zakat and Baitul Mal (WZB) in Malaysia: A review of literature. IPN Journal of Research and Practice in Public Sector Accounting and Management, 6 () pp. 1-14
2016 Intellectual capital and information asymmetry: recent evidence from Nigerian economy. Malaysian Journal of Business and Economics, 3 (2) pp. 61-77
2015 An investigation of the control role and effectiveness of independent non-executive directors in Malaysian public listed companies. Managerial Auditing Journal, 30 (6/7) pp. 582-609
2015 Corporate governance mechanisms and unmanaged earnings: evidence from Government Linked Companies (GLCs). Corporate Board: Role, Duties & Composition, 11 (2) pp. 98-111
2015 The effect of award on CSR disclosures in annual reports of Malaysian PLCs. Social Responsibility Journal, 11 (4) pp. 831-852
2014 Is the GCC Islamic banks’ financial performance affected by the 2007/2008 financial crisis?. Journal of Islamic Economics, Banking and Finance, 10 (3) pp. 74-88
2012 Corporate governance and earnings management in Malaysian government linked companies: the impact of GLCs transformation policy. Asian Review of Accounting, 20 (3) pp. 241-258
2012 Impact of corporate governance on social and environmental information disclosure of Malaysian listed banks: panel data analysis. Asian Journal of Finance & Accounting, 4 (1) pp. 1-24
2011 A panel data analysis on the relationship between corporate governance and bank efficiency. Journal of Accounting, Finance and Economics, 1 (1) pp. 1-15
2011 An exploratory study on the usefulness of intellectual capital information: academic' perception. International Journal of Accounting and Finance (IJAF), 3 (2) pp. 177-192
2011 Corporate governance and risk management information disclosure in Malaysian listed banks: panel data analysis. International Review of Business Research Papers, 7 (4) pp. 159-176
2011 Effects of intellectual capital information disclosed in annual reports on market capitalization: evidence from Bursa Malaysia. Journal of Human Resource Costing & Accounting, 15 (2) pp. 85-101
2011 Effects on intellectual capital information disclosed in annual reports on market capitalisation: evidence from Bursa Malaysia. Journal of Human Resource Costing & Accounting, 15 (2) pp. 85-101
2011 Usefulness of intellectual capital information: preparers' and users' views. Journal of Intellectual Capital, 12 (3) pp. 430-445
2011 Useless of intellectual capital information:preparer's and user's views. Journal of Intellectual Capital, 12 (3) pp. 430-445
2010 Critical review of literature on corporate governance and the cost of capital:the value creation perspective. African Journal of Business Management, 4 (11) pp. 2198-2204
2010 Motivations of paying zakat on income: evidence from Malaysia. International Journal of Economics and Finance, 2 (3) pp. 76-84
2005 Factors influencing auditor independence: Malaysian loan officers’ perceptions. Managerial Auditing Journal, 20 (8) pp. 804-822
2004 Al Wakalah and its impact on the growth and performance of Takaful companies: a Malaysian case. The European Journal of Management and Public Policy, 3 (1) pp. 82-117
Conference or Workshop Item

2019 Directors’ remuneration in listed small and medium scale firms: does corporate governance matter?. In: 5th International Conference on Accounting and Finance 2019,
2017 Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT). In: 4th International Conference on Management and Muamalah 2017 (ICoMM 2017),
2013 The impact of IFRS adoption on audit fees: Evidence from Malaysian listed companies. In: The 14th FourA (Asian Academic Accounting Association) Annual Conference 2013,
2011 A panel data analysis on the relationship between corporate governance and bank efficiency . In: Global Accounting, Finance and Economic Conference,
2011 Corporate governance and risk management information disclosure in Malaysian listed banks: panel data analysis. In: Global Accounting, Finance and Economics Conference,
2011 Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis. In: Global Economics, Finance and Management Conference,
2011 The impact of corporate governance on the social and environmental information disclosure of Malaysian listed banks: panel data analysis. In: IIUM International Accounting Conference V (INTAC V),
2011 The impact of corporate governance on the voluntary accounting information disclosure in Malaysian listed banks. In: Global Economics, Finance and Management Conference,
2010 Government linked companies: The impact of GLCs transformation policy. In: International Accounting and Finance Conference,
2010 Panel data analysis of Malaysian listed banks on corporate gevernance and risk. In: The 2nd International Conference on Business and Economy-Constantza,
2010 The relationship between intangible assets and firm value. In: The International Conference on Business and Economic Research,
2010 Towards Islamic worldview based corporate governance framework. In: International Conference on Islamic Banking & Finance “Cross Border Practices and litigations,
Book

2021 Economics and management sciences: reflections on humanizing education. Kulliyyah of Economics and Management Sciences IIUM, ISBN: 978-967-26219-1-1
2021 Humanizing education reflection on concepts, attributes, roles and sustainability with selected attributes of true believers in the qur’an and sunnah. Meso Publishing, ISBN: 978-967-19814-6-7
2021 Humanizing education reflection on incentives, personality, expectations, organizing and journey with selected attributes of true believers in the qur’an and sunnah. Meso Publishing, ISBN: 978-967-19814-5-0
2021 Reflections on humanizing education for Economics and Management Sciences. Kulliyyah of Economics and Management Sciences IIUM, ISBN: 978-967-2621-92-8
Book Section

2021 Humanizing education through Consumerism Advocacy and Vegetable Garden Project. In: Meso Publishing, ISBN: 978-967-19814-5-0, pp. 68-74
2021 Humanizing education with tazkiyah al-nafs – the roots of humanized education. In: Kuliyyah of Economics and Management Sciences, International Islamic University Malaysia, ISBN: 978-967-26219-1-1, pp. 10-15
2021 Reflection of Sabr in Teaching Principles and Practice of Management. In: Meso Publishing, ISBN: 978-967-19814-6-7, pp. 37-44
2021 Reflection on Edu-Action of the Prophetic Attributes with Ta’awun Approach. In: Meso Publishing, ISBN: 978-967-19814-5-0, pp. 27-32
2019 Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT). In: USIM Press, ISBN: 9789674406660, pp. 362-466
2011 Better corporate governance and risk in dual banking environment : evidence from Malaysia.. In: IIUM Press, ISBN: 978-967-022-590-6, pp. 138-159
Monograph

2020 Cadangan pelaksanaan perakaunan dan pelaporan kewangan Islam bagi Institusi Baitulmal, zakat dan wakaf di Malaysia (Zon 3). In: ,
2020 Perakaunan dan pelaporan kewangan Islam bagi Institusi Baitulmal, Zakat dan Wakaf Di Malaysia Fasa 4 (Zon 3). In: ,
2019 The impact of corporate governance on executive directors’ remuneration of listed small and medium scale firms in Malaysia. In: ,
2018 Perakaunan dan pelaporan kewangan Islam bagi institusi wakaf, zakat dan baitulmal di Malaysia fasa 2, 2017 (Zon 3). In: ,
2017 Perakaunan dan pelaporan kewangan Islam bagi Institusi Wakaf, Zakat dan Baitulmal di Malaysia. In: ,