Staff Directory

Academic Qualification
- Doctor of Philosophy in Accounting & Finance - Doctor of Philosophy, Bangor University
- Master of Business Administration (Finance) - Masters Degree, International Islamic University Malaysia
- BA Accounting - Bachelor Degree, International Islamic University Malaysia
Azhar Bin Mohamad (Prof. Dr.)
Professor
IIUM Gombak Campus
KULLIYYAH OF ECONOMICS AND MANAGEMENT SCIENCES
m.azhar@iium.edu.my
4752
Expert Profile
Azhar Mohamad obtained his BA Accounting (Hons) and MBA Finance from International Islamic University Malaysia (IIUM). He started his career as an auditor with KPMG Peat Marwick and later as futures dealer with Bank Bumiputera Futures. He joined IIUM as an Assistant Lecturer in January 2000. Upon completion of his MBA in Finance at IIUM, he taught finance at IIUM from July 2002 through August 2009. He pursued his Ph.D at Bangor University, UK, from September 2009 to July 2012, where he wrote empirical essays on short-selling and was able to complete within 36 months.
While doing his BA Accounting at IIUM in 1995, he was named as the Best Student for Accounting for Islamic Bank. As a co-author, he won best paper awards in Malaysian Finance Association Annual Symposium twice, in 2003 and 2010. Post Ph.D, he was appointed Assistant Professor and he is the postgraduate coordinator for the Department of Finance from July 2013.
Since December 2014, Dr Azhar has been an Associate Professor at the Department of Finance of Kulliyyah of Economics and Management Sciences at the IIUM.
While doing his BA Accounting at IIUM in 1995, he was named as the Best Student for Accounting for Islamic Bank. As a co-author, he won best paper awards in Malaysian Finance Association Annual Symposium twice, in 2003 and 2010. Post Ph.D, he was appointed Assistant Professor and he is the postgraduate coordinator for the Department of Finance from July 2013.
Since December 2014, Dr Azhar has been an Associate Professor at the Department of Finance of Kulliyyah of Economics and Management Sciences at the IIUM.
Area of Specialisation
- Economics, Business And Management ~ Economics, Business And Management ~ Investment ~ Stock Market Studies - Investment and financial management
- Economics, Business And Management ~ Economics, Business And Management ~ Investment ~ Other Investment n.e.c. - Cryptocurrency
- Economics, Business And Management ~ Economics, Business And Management ~ Investment ~ Futures - Futures and options (financial derivatives)
- Economics, Business And Management ~ Economics, Business And Management ~ Investment ~ Mutual Fund - Investment analysis
Professional Membership
- 2003 - 2013: Member of Profesional Body / Association, Malaysian Finance Association, Malaysia
- 2010 - 2013: Member of Profesional Body / Association, British Accounting and Finance Association, UK
- 2012 - 2013: Member of Profesional Body / Association, Midwest Finance Association (USA)
Teaching Responsibilities
ADVANCED FINANCE | 2017/2018 |
CORPORATE FINANCE | 2008/2009 |
FINANCIAL DERIVATIVES | 2022/2023 2021/2022 2017/2018 2016/2017 2015/2016 2014/2015 2013/2014 |
FINANCIAL MANAGEMENT 2 | 2005/2006 |
FINANCIAL MANAGEMENT ANALYSIS | 2015/2016 2014/2015 |
FINANCIAL MANAGEMENT I | 2008/2009 2007/2008 2006/2007 2005/2006 2004/2005 2003/2004 2002/2003 |
FINANCIAL MANAGEMENT II | 2012/2013 2007/2008 2005/2006 2004/2005 2003/2004 2002/2003 |
FUTURES,OPTIONS AND RISK MANAGEMENT | 2021/2022 2020/2021 2019/2020 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 2013/2014 2008/2009 2007/2008 2006/2007 |
INTERNATIONAL FINANCE | 2022/2023 2021/2022 2020/2021 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 2013/2014 2012/2013 2008/2009 |
INVESTMENT ANALYSIS | 2008/2009 2007/2008 2006/2007 2005/2006 2003/2004 |
ISLAMIC FINANCIAL PLANNING | 2006/2007 |
MANAGING RISK-FUTURES & OPTIONS | 2021/2022 2020/2021 2018/2019 2016/2017 |
Research Projects
Completed
2022 - 2023 | Do Birds of a Feather Flock Together? Evidence from Time-Varying Herding Behaviour of Bitcoin and Foreign Exchange Majors |
2021 - 2022 | The impact of Covid-19 on price discovery of bitcoin markets |
2019 - 2021 | Impact of Sudden Change of Government in Malaysia: Evidence from Equity and Currency Market |
2019 - 2022 | Developing an Environmental Variation Model of Rice Production Efficiency in Malaysia. |
2015 - 2019 | Regulating a Mis-regulation of Trading Halts through a Comprehensive Financial Legal Framework for the Protection of Investors? Interest |
2014 - 2017 | Formulating Silver as a Model Payment System in Islamic Finance for the Protection of Maqasid of Shariah |
2013 - 2015 | Contagion Effects of Financial Crisis: A Meta-Analysis |
2006 - 2009 | Linkages, Profitability and Magnetic Effect of the Malaysian Equity Market |
On-Going
2019 - Present | Exploring the Notion of Rational Investment: The Case of Green Investment in Malaysia |
Award & Recognition
19 Nov, 2020 | Best Paper Award - Malaysian Finance Association | National |
25 Oct, 2017 | Best Paper Award - Universiti Teknologi MARA (UiTM) | National |
13 Apr, 2017 | Best paper award in 8th International Conference on Financial Crimininology (ICFC) 2017, 12-13 April 2017, held at Dorsett Putrajaya, Malaysia - 8th International Conference on Financial Criminology, 2017, in collaboration with Accounting Research Institute, UITM. | National |
10 Jun, 2010 | Best paper award in 2010 Malaysian Finance Association (MFA) 12th Annual Conference at Taylor's University College, Sunway, Selangor, Malaysia. Title: Foreign Exchange Exposure and Impact of Policy Switch: The Case of Malaysian Public Listed Firms, (with Obiyathulla Bacha, Sharifah Raihan and Mohd Eskandar) - Malaysian Finance Association | National |
23 Apr, 2003 | Best paper award in 2003 Malaysian Finance Association (MFA) 5th Annual Symposium at Multimedia University, Cyberjaya, Malaysia. Title: Daily Returns Seasonality and Impact of Stock Index Futures: Evidence from the KLSE, (with Obiyathulla Bacha and Mansor Ibrahim). Selected for publication in KLSE Capital Markets Review, 11, 2003, pp 1-22. - Malaysian Finance Association | National |
Publications
Article
Conference or Workshop Item
2019 | Price discovery between index futures and spot markets. In: The 21st Malaysian Finance Association Conference 2019 (MFAC 2019), |
2018 | An empirical test of implied volatility in Singaporean structured warrants. In: The 20th Malaysian Finance Association Conference (MFAC) 2018, |
2018 | Industry 4.0. In: 7th Annual Southeast Asian International Seminar 2018, |
2018 | Is there a J-curve between Malaysia and her trading partners? evidence from ARDL test and industry level data. In: 6th Malaysia Statistics Conference, |
2017 | Cash economy: Tax evasion amongst SMEs in Malaysia. In: 8th International Conference on Financial Criminology (ICFC) 2017, |
2017 | Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017). In: 3rd International Islamic Monetary Economics and Finance Conference IIMEFC / JIMF, |
2017 | Magnet effect of price limits: evidence from Bursa Malaysia. In: 44th International Business Research Conference 2017, |
2016 | Designing fitrah money:appraisal of gold-silver as practical alternatives. In: ISERD-RW International Conference, |
2016 | Predicting Financial Distress based on Corporate Actions. In: 3rd International Conference on Global Business & Social Entrepreneurship, |
2015 | Creating a two-way market via short selling and its potential use in the Islamic paradigm. In: International Conference on Islamic Perspective of Accounting, Finance, Economics and Management (IPAFEM 2015), |
2015 | The Fiat Fiasco: the insidious erosion of Maqasid of Shari’ah and practical alternatives. In: The 9th ISDEV International Development Management Conference (IDMAC2015), |
2014 | Implied volatility and contagion in the options market . In: International Business Economics Social Sciences Research Association (IBESRA) Istanbul Conference, Turkey, |
2014 | Short-selling ban and cross-sectoral contagion: evidence from the UK. In: BAFA 2014 Annual Conference, |
2013 | Is shorting of Exchange Traded Funds a dangerous financial sport? recent UK evidence. In: BAFA 2013 Annual Conference , |
2012 | Short-selling ban and cross-sectoral contagion: evidence from the UK. In: Sixty-First Annual Meeting of the Midwest Finance Association, |
2011 | Increase in Short Interest and Predictability in Stock Returns (Infiniti 2011). In: INFINITI Conference on International Finance, |
2011 | Informational content of short interest (EBES 2011). In: Euroasia Business and Economics Society (EBES) Conference, Istanbul, Turkey, |
2011 | Short interest and stock returns: evidence from the UK (Gregynog 2011).. In: Gregynog Accounting and Finance Colloquium 2011, |
2011 | Short selling and stock returns: evidence from the UK. In: Annual Submit on Business and Entrepreneurial Studues - ASBES 2011, |
2010 | PhD proposal (BAA Doctoral Colloquium Cardiff 2010): short selling and stock returns . In: BAA 2010 Doctoral Colloquium, |
2010 | PhD proposal (Gregynog 2010): short selling and stock returns. In: Accounting & Finance Research Colloquium (Gregynog 2010), |
2003 | Daily returns seasonality and impact of stock index futures: evidence from the Kuala Lumpur Stock Exchange. In: Malaysia Finance Association's (MFA's) 5th Annual Symposium, |
Book
2018 | Bay' al-salam and istithna': implementation and challenges. IIUM Press, International Islamic University Malaysia, ISBN: 978-967-418-465-0 |
2017 | Bay’ al-Salam and Istithne: implementation and challenges. IIUM Press, ISBN: 978-967-418-465-0 |