Staff Directory


Gairuzazmi Bin Mat Ghani

Academic Qualification

  • Political Economy and Public Policy - Doctor of Philosophy, University of Southern, California
  • Economics - Masters Degree, University of Southern, California
  • Business Administration (Finance) - Bachelor Degree, University of Southern, California

Gairuzazmi Bin Mat Ghani (Prof. Dr.)

Professor
IIUM Gombak Campus

KULLIYYAH OF ECONOMICS AND MANAGEMENT SCIENCES

Other's position:

Dean, Kulliyyah of Economics and Management Sciences

gairuzazm@iium.edu.my
4627


Area of Specialisation


  • Economics, Business And Management ~ Economics, Business And Management ~ Economics/Applied Economics ~ International Trade (Including Competitiveness, Globalisation, Trade Issues and Policies)


Teaching Responsibilities


APPLIED RESEARCH METHODS 2013/2014 2008/2009
BUSINESS ECONOMICS 2009/2010 2008/2009
COMPREHENSIVE EXAMINATION 2013/2014
CONTEMPORARY ECONOMIC THOUGHT & POLICY 2011/2012 2010/2011
ECONOMETRICS 2017/2018 2016/2017 2015/2016 2014/2015 2010/2011 2009/2010
ECONOMETRICS I 2018/2019 2011/2012
ECONOMIC THEORY 2010/2011 2009/2010
ECONOMICS FOR MANAGERS 2008/2009 2007/2008
ECONOMICS THEORY 2008/2009
FORECASTING FOR BUSINESS & ECONOMICS 2008/2009
FORECASTING FOR ECONOMICS & BUSINESS 2022/2023 2021/2022 2020/2021
INTERMEDIATE MACROECONOMICS I 2015/2016 2013/2014 2012/2013 2009/2010 2008/2009
INTERMEDIATE MACROECONOMICS II 2018/2019 2011/2012 2009/2010
INTERMEDIATE MICROECONOMICS I 2012/2013
INTERMEDIATE MICROECONOMICS II 2014/2015
INTERNATIONAL TRADE AND DEVELOPMENT 2006/2007
INTRODUCTORY ECONOMICS FOR ENGINEERING 2006/2007
ISLAMIC ECONOMICS 2010/2011
MACROECONOMIC THEORY 2021/2022 2019/2020
MACROECONOMICS 2012/2013 2011/2012
MATHEMATICAL ECONOMICS 2007/2008
MICROECONOMIC THEORY 2021/2022 2020/2021 2019/2020 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 2011/2012
MICROECONOMICS 2022/2023 2013/2014 2012/2013 2009/2010 2008/2009 2007/2008 2006/2007
MONEY AND BANKING 1999/2000
PRINCIPLES OF MICROECONOMICS 2008/2009 2007/2008 2006/2007
QUANTITATIVE METHODS 2011/2012
STATISTICAL METHODS 2014/2015 2013/2014 2011/2012 2010/2011 1999/2000 1998/1999


Research Projects


Completed
2018 - 2020 PRINCIPLE OF MICROECONOMICS FROM ISLAMIC PERSPECTIVES
2017 - 2017 Longitudinal Analysis of Voting Pattern In Johore
2015 - 2021 Economic Stability and Income Distribution under Islamic and Conventional Financial System: A Macro-Finance Agent-Based Computational Model
2014 - 2014 Developing A Model of Maldives Islamic University and Strategic Plan
2014 - 2017 Key Determinants and the Price Transmission Processes of Food Price Inflation in Malaysia
2013 - 2022 Socio Economic Impact of Shari'ah Compliant Hospitality and Services on Malaysia and Muslim Communities
2013 - 2016 Exploring the Conceptual and Practical Dimensions of a 3 Sector Socio-Economic Transformation Model (3s SETM) for Malaysia
2013 - Islamic Economic Framework for Waqf: Lessons from History,Comparative Best Practices and Developing Contemporary Models
2013 - 2013 LAPORAN PETUNJUK SAINS, TEKNOLOGI DAN INOVASI (STI) 2013
2012 - 2017 Current Higher Education Scenario and Implications to Malaysia (CHESI)
2012 - 2017 A Critical Assessment of PSPTN's Contribution to the Malaysian Economy
2011 - 2013 Challenges Of Implementing Real Money: A Case Of Kelantan (KVC:Book Edited Project 2011)
2011 - 2014 Growth, Distribution and Volatility of Income in An Interest and Non-Interest Based Economy: Agent Based Modeling (ABM) Approach
2011 - 2016 Exploring the Conceptual & Practical Dimensions of A 3 Sector Socio-Economic Transformation Model
2009 - 2011 Relationship between product varieties and Economics Growth- The case of Malaysia
2008 - 2011 Globalization, Trade Balance and Exchange Rate Regimes in Muslim Countries
2007 - 2011 Does The OIC Reduce Trade?
2007 - 2011 Differences in Income Elasticities and Levels of Economic Development
- 2010 Malaysian Science and Technology Indicators 2010
- 2008 National Survey on Research & Development - 2008 report
- 2014 Kajian Unjuran Pelajar Akademik INSPEN
On-Going
2022 - Present Consultancy to develop the National SDG Roadmap Phase II, 2021-2025
2021 - Present Partnership for SDG Finance - Undertaking Development Finance Assessment and SDG Budgeting & Costing
2012 - Present Kajian Arah Aliran dan Unjuran Kemasukan Pelajar di Institusi Pengajian Tinggi (IPT) dari Negara-Negara OIC
2009 - Present The Impact of BRI Sukaramai Microfinance Programmes on Poverty Alleviation


Award & Recognition


01 Apr, 2019 Fellow - Institut Masa Depan Malaysia National


Publications


Article

2021 Mark-up vs. interest-based financing on GDP: an application of agent-based computational model. Journal of Islamic Monetary Economics and Finance, 7 (1) pp. 55-76
2020 Comparative analysis between global sukuk and bond indices: value-at-risk approach. Journal of Islamic Accounting and Business Research, 11 (6) pp. 1245-1256
2020 Debt financing and firm performance: an analysis of securities commission of Malaysia 2013 revised shariah approved firms screening method. COMSATS Journal of Islamic Finance, 5 (1) pp. 64-85
2020 Debt fnancing and firm performance: an analysis of Securities Commission of Malaysia 2013 revised shariah approved firms screening method. COMSATS Journal of Islamic Finance, 5 (1) pp. 64-85
2020 Exploration of agent-based simulation: the multiplier effect of zakah on economic growth. Journal of Islamic Monetary Economics and Finance (JIMF), 6 (3) pp. 641-666
2020 Introduce decent standard of living guide for all. New Straits Times, 31 July 2020 () pp.
2020 Shift to a green growth economy vital. New Straits Times, () pp.
2020 Towards a more socially inclusive and sustainable framework for Islamic banking and finance. International Journal of Economics, Management and Accounting (IJEMA), 28 (2) pp. 361-391
2019 Co-movement dynamics between global sukuk and bond markets: new insights from a wavelet analysis. International Journal of Emerging Markets, 14 (4) pp. 550-581
2019 Does the Malaysian sovereign sukuk market offer portfolio diversification opportunities for global fixed-income investors? Evidence from wavelet coherence and multivariate-GARCH analyses. North American Journal of Economics and Finance, 47 () pp. 675-687
2019 Potential impact of trips-plus provisions on Malaysia’s domestic pharmaceutical industry. Science International (Lahore), 31 (3 (May-June)) pp. 397-400
2019 The influence of cabotage policy on price disparity between peninsular Malaysia and Sabah. Institutions and Economies, 11 (3) pp. 65-91
2019 Tourist arrivals to Muslim countries: is religion important. Tourism, Culture & Communication, 19 (3) pp. 209-214
2019 Tourist arrivals to muslim countries: pre- and post-September 11. Journal of Economic Cooperation and Development, 40 (3) pp. 25-36
2019 Transportation dynamic behaviour of structural break and consumer price index. International Journal of Recent Technology and Engineering, 8 (2) pp. 283-290
2018 Financial integration between sukuk and bond indices of emerging markets:insights from wavelet coherence and multivariate-GARCH analysis. Borsa Istanbul Review, 18 (3) pp. 218-230
2018 Food inflation: A study on key determinants and price transmission processes for Malaysia. International Journal of Business and Society, 19 (1) pp. 117-138
2018 Keberagaman produk dan pertumbuhan ekonomi: panel data atas 6 negara Asean. Jurnal Ekonomi, 9 (2) pp. 150-162
2018 Malaysia's tourism demand: A gravity model approach=Permintaan pelancongan di Malaysia: Pendekatan model graviti. Journal of Business and Social Development, 6 (1) pp. 39-50
2018 Malaysia’s tourism demand: A gravity model approach= Permintaan pelancongan di malaysia: pendekatan model graviti. Journal of Business and Social Development, 6 (1) pp. 39-50
2018 The potential impact of Trans Pacific Partnership Agreement (TPPA) on Malaysia’s trade. Science International (Lahore), 30 Section B (6 November-December) pp. 877-883
2016 An empirical analysis of factors that determine poverty among the beneficiaries of Pakistan Poverty Alleviation Fund. Journal of Enterprising Communities, 10 (3) pp. 306-320
2016 Investigating stock market efficiency: a look at OIC member countries. Research in International Business and Finance, 36 () pp. 402-413
2016 Tourist arrivals to Malaysia from Muslim countries. Tourism Management Perspectives, 20 () pp. 1-9
2015 Acceptance of gold as an alternative currency: an empirical validation of adoption of innovation theory. Asian Journal of Business and Accounting, 8 (2) pp. 123-153
2015 Does inward FDI crowd-out domestic investment? evidence from Uganda. Procedia Social and Behavioral Sciences, 172 () pp. 419-426
2015 Returns to education and wage differentials in Malaysia. The Journal of Developing Areas, 49 (5) pp. 213-223
2015 Trade liberalization and foreign direct investment in Malaysia. Information Management And Business Review, 7 (6) pp. 11-23
2014 Innovative teaching and learning environment system (iTa’LEem): implementing a state-of-art platform for managing E-learning. Bulletin MEIPTA , (2) pp. 17-19
2014 The determinants of the success of microenterprise: a case study of BRI clients in Medan City, Indonesia. Journal of Emerging Economies and Islamic Research, 2 (1) pp. 1-28
2014 Trade variety and export performance of ASEAN-5 = Kepelbagaian perdagangan dan prestasi eksport ASEAN-5. Jurnal Ekonomi Malaysia, 48 (1) pp. 49-61
2013 The challenges of implementing gold dinar in Kelantan: An empirical analysis . Institutions and Economies , 5 (3) pp. 97-114
2013 The impact of Pakistan Poverty Alleviation Fund on poverty in Pakistan: an empirical analysis. Middle-East Journal of Scientific Research, 13 (10) pp. 1335-1344
2012 An analysis of operationalization and acceptability of business to business transaction: a mixed method approach . American Journal of Applied Sciences , 9 (9) pp. 1422-1434
2012 Does trade liberalization effect energy consumption?. Energy Policy, 43 () pp. 285-290
2012 Efficient trade matrix and gold reserve requirement for commodity trade among OIC countries. Middle East Journal of Scientific Research (MEJSR), 12 (4) pp. 547-559
2012 The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis. Journal of Applied Sciences, 12 (20) pp. 2148-2155
2012 The role of institutional trust on the adoption of gold dinar in Kelantan: an empirical analysis. Journal of Applied Sciences, 12 (20) pp. 2148-2155
2011 Don't blame the NEP. New Straits Times, () pp. 18
2011 Malaysia's palm oil exports: does exchange rate overvaluation and undervaluation matters?. African Journal of Business Management, 5 (27) pp. 11219-11230
2011 Malaysia’s palm oil exports: does exchange rate overvaluation and undervaluation matter?. African Journal of Business Management, 5 (27) pp. 11219-11230
2011 The determinants of non-tariff barriers in Malaysia’s agricultural sector. Terengganu International Finance and Economics Journal (TIFEJ), 1 (2) pp. 15-25
2011 The impact of trade liberalisation on economic performance of OIC member countries. Journal of Economic Cooperation and Development, 32 (1) pp. 1-18
2010 Does exchange rate risks matter for exports? a case of Malaysia. Voice of Academia, 5 (1) pp. 1-15
2010 Muslim civilization: the causes of decline and the need for reform . IIUM Journal of Economics and Management Sciences, 18 (1) pp. 115-119
2009 National survey of research and development 2008: summary. National Survey of Research and Development 2008:Summary, () pp.
2009 Oil prices and Malaysian economy. International Review of Business Research Papers, 5 (4) pp. 232-256
2009 Oil prices and the Malaysia economy. International Review of Business Research Papers, 5 (4) pp. 232-256
2009 Stock price movements : does change in energy price matter?. International Business Education Journal (IBEJ), 2 (1) pp. 1-18
2009 The impact of trade liberalization on developing countries' trade balance with industrial and developing countries: an econometric study. International Journal of Business and Society, 10 (2) pp. 53-64
2008 How important is water endowment for trade in agricultural products?. The Empirical Economics Letters, 7 (5) pp. 505-513
2007 The Montreal protocol: developing countries import of Halons. Economics Bulletin, 17 (7) pp. 1-5
2006 Balance of payments constrained growth model: an examination of Thirlwall's Hypothesis using McCombie's Individual Country Method. Applied Economics Letters, 13 (12) pp. 763-768
2006 Export promotion policies and the crowding-out effect in developing countries. Asian Economic Journal, 20 (3) pp. 319-331
Conference or Workshop Item

2018 Efficiency evaluation: the case of tourism industry in Malaysia. In: International Business and Economic Conference Kedah (IBecK2018),
2017 Evolution of rural communities through homestay programs: A case study of Banghuris Homestay. In: 4th International Conference On Rural Development And Entrepreneurship (ICORE2017),
2017 Integrating Islamisation and virtue in iCGPA at IIUM. In: Integrated Cumulative Grade Point Average (iCGPA) International Conference 2017,
2017 Malaysia’s tourism demand: gravity model approach. In: Global Tourism Conference (GTC) 2017,
2016 Does the global Sukuk market offer any portfolio diversification opportunity for Indonesian investors?. In: International Seminar & The 2nd Journal of Islamic Monetary Economics and Finance Call for Papers 2016,
2016 Dynamic relations between sukuk and conventional bond markets: an analysis of international portfolio diversification. In: The 18th Malaysian Finance Association Annual Conference (MFAC) and 7th Islamic Banking, Accounting and Finance Conference 2016 (iBAF 2016),
2016 Examining price convergence behaviour between Peninsular Malaysia and Sabah & Sarawak: evidence for market integration. In: Persidangan Kebangsaan Ekonomi Malaysia ke 11,
2016 Identifying key drivers of food price inflation in Malaysia. In: Persidangan Kebangsaan Ekonomi Malaysia ke 11,
2015 The potential impact of Trans-Pacific Partnership Agreement (TPPA) on Malaysia's access to medicine. In: Academics World 2nd International Conference,
2015 The potential impact of Trans-pacific Partnership Agreement (TPPA) on Malaysia's trade. In: Academics World 2nd International Conference,
2015 Trade liberalization and foreign direct investment in Malaysia. In: 2nd International Conference on Commerce, Financial Markets & Corporate (ICCFMCG-2015),
2014 Third sector socio-economic models: how awaqf fits in?. In: 2014 Thematic Workshop on the Revival of Waqf for Socio Economic Development ,
2014 Does inward FDI crowd-out domestic investment? evidence from Uganda . In: Global Conference on Business and Social Science,
2011 Malaysian science and technology indicators. In: IIUM Research, Invention and Innovation Exhibition (IRIIE) 2011,
2011 Oil price exposure to asset returns: a disaggregate analysis . In: International Conference on Economics, Trade and Development (ICETD) 2011,
2011 The challenges of implementing Gold Dinar in Kelantan: an empirical analysis. In: The 5th ISDEV International Islamic Development Management Conference ,
2011 The determinants of non-tariff barriers in Malaysia’s manufacturing sector. In: 2011 International Conference on Economics and Business,
2010 The dynamics of trade variety and economic performance of ASEAN-5. In: IIUM Research, Innovation & Invention Exhibition (IRIIE 2010),
2009 Oil prices and Malaysia economy . In: Tenth International Business Research Conference, “Research for Change”,
Book

2021 Sejahtera academic framework : humanising education for rahmatan lil ‘alamin post-COVID-19 disruptions. Office of Knowledge for Change and Advancement (KCA), IIUM, ISBN: 9789674670184
2018 Islamic economics: principles & analysis. International Shari’ah Research Academy for Islamic Finance (ISRA), ISBN: 978-967-16568-2-2
2010 Trade elasticities and economic growth: implications for trade policy. VDM Verlag Dr. Müller, ISBN: 978-3639281446
2010 Trade elasticities and economic growth: implications for trade policy. VDM Verlag Dr. Müller, ISBN: 978-3639281446
Book Section

2020 Undergraduate programme guidelines. In: Centre for Professional Development (CPD), International Islamic University Malaysia., ISBN: , pp. 9-14
2019 Explorations in agent-based simulation: analysis of Gini Index after zakat enforcement under interest based system. In: Fiscal Policy Agency, Minister of Finance, The Republic of Indonesia, ISBN: 978-623-92103-0-4, pp. 2-19
2018 Third sector socio-economic models: how Awaqf fits in?. In: IIUM Press, & Islamic Research and Training Institute (IRTI), ISBN: 978-967-418-398-1, pp. 478-503
Monograph

2021 Shared Prosperity Vision 2030 Strategic Plan. In: ,
2020 NRGS13-003-0003. Socio Economic Impact of Shari’ah Compliant Hospitality Services for Malaysia and Muslim Communities. In: ,
2019 Wawasan kemakmuran bersama 2030. In: Ministry of Economic Affairs,
2019 Wawasan kemakmuran bersama 2030. In: Ministry of Economic Affairs,
2014 A critical assessment of NHESP’S contribution to the Malaysian economy. In: IPPTN,
2013 Arah aliran dan unjuran kemasukan pelajar di institusi pengajian tinggi (IPT) dari negara-negara OIC. In: MOHE,