Staff Directory

Roslily Bt Ramlee

Academic Qualification

  • Doctor of Philosophy - Doctor of Philosophy, Universiti Sains Malaysia (USM)
  • Master of Business Administration - Masters Degree, Universiti Tun Abdul Razak (UNITAR)
  • Bachelor of Business Administration - Bachelor Degree, International Islamic University Malaysia

Roslily Bt Ramlee (Assoc. Prof. Dr.)

Associate Professor
IIUM Gombak Campus


Other's position:

Head, Kulliyyah of Economics and Management Sciences

Expert Profile

Dr. Roslily Ramlee is an Assistant Professor of Finance at the International Islamic University Malaysia. She obtained her Bachelors degree Business Administration, with specialization in Finance from the International Islamic University of Malaysia in 1998. She pursued her MBA at UNITAR under the Fast-Track Fellowship Training Programme in 1998, later received her doctorate in Finance from University Science Malaysia in 2013.
Her research interests are in the areas of corporate finance, Islamic capital market, Islamic banking, WAQAF (Endowment Fund) and financial literacy. She has published her works in Asian Academy of Management Journal of Accounting & Finance (AAMJAF), Asian Journal of Business and Accounting (AJBA), Asian Academy of Management Journal (AAMJ) among others.

Area of Specialisation

  • Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Islamic Banking
  • Economics, Business And Management ~ Economics, Business And Management ~ Finance ~ Corporate Finance
  • Economics, Business And Management ~ Economics, Business And Management ~ Finance ~ Capital Market - Islamic and Conventional Capital Markets

Teaching Responsibilities

CORPORATE FINANCE 2023/2024 2020/2021 2019/2020 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 2013/2014 2012/2013
FINANCIAL MANAGEMENT I 2012/2013 2005/2006 2004/2005
FINANCIAL MANAGEMENT II 2013/2014 2012/2013 2005/2006 2004/2005
FINANCIAL MARKETS AND INSTITUTIONS 2023/2024 2021/2022 2020/2021 2019/2020 2018/2019
INTERMEDIATE FINANCIAL MANAGEMENT 2023/2024 2022/2023 2021/2022 2020/2021
ISLAMIC CAPITAL MARKET 2017/2018 2016/2017 2015/2016 2014/2015 2013/2014
ISLAMIC CAPITAL MARKETS 2023/2024 2022/2023 2021/2022
MONEY, BANKING AND CAPITAL MARKETS 2020/2021 2019/2020 2018/2019 2017/2018
PRACTICAL TRAINING 2016/2017 2015/2016 2014/2015 2013/2014 2012/2013


Effects Of China'S Non-Tradable Shares Reform On Firm Ownership Concentration, Performance And Dividend Policy.
Ph.D Completed 2021 Member Supervisory Committee
The Determinants Of Palm Oil Future Prices.
Ph.D In Progress Main Supervisor
Determinants Of Ngos Funds Acquisition.
Master Completed 2022 Main Supervisor
Islamic Financial Literacy Among School Students In Malaysia: An Empirical Study.
Master Completed 2021 Main Supervisor
The Impact Of Macroeconomic Variables On The Financial Performance Of Canadian Companies, Multi-Sector Analysis.
Master Completed 2021 Main Supervisor
Determinants Of Retail Banking Service Quality And Customer Satisfaction: A Case Study Of Afghanistan.
Master Completed 2019 Main Supervisor
Empowerment Of Women Through Microfinance In Afghanistan.
Master Completed 2019 Main Supervisor
The Demand Of Waqf Affordable Housing In Klang Valley, Malaysia.
Master Completed 2017 Co-supervisor
Factors That Determine Personal Investment : An Empirical Study.
Master Completed 2016 Main Supervisor
The Impact Of Inclusion And Eclusion From The Shariah Index On Stock Price And Trading Volume: The Case Of Malaysia.
Master Completed 2015 Main Supervisor
Revisiting The Effect Of Macroeconomic Variables On Islamic Stock Returns In Malaysia.
Master Completed 2015 Main Supervisor
Risk And Performance Of Islamic Banking "Malaysian Evidence".
Master Completed 2015 Main Supervisor
Measuring Risk Management Efficiency Of Life Insurance Companies In Thailand Using Data Envelopment Analysis (Dea).
Master Completed 2013 Main Supervisor

Research Projects

2015 - 2019 Incorporating the Wasatiyyah Concept to Improve Financial Decision of Muslim Consumers
2012 - 2016 A Conceptual Analysis on the Application of REITs in Developing Waqaf Land in Malaysia
2012 - 2015 Firms Rational Financing Behaviour: Malaysia Evidence
2022 - Present Integration of SDGs into Corporate Performance Model for Sustainable Corporate Value Creation
2022 - Present Islamic Wealth Management
2022 - Present Anti-Corruption Education in Preventing Financial Crime - Education Speaks Loudest
2018 - Present Affordable Housing Issues in Malaysia: Exploring Potentials of Waqf as an Alternative Solutions



2021 The impact of wasatiyyah/moderation on students’ financial decisions. Malaysian Journal of Consumer and Family Economics (MAJCAFE), 26 (1) pp. 230-250
2019 Are Muslims practising moderation in their financial decisions?. Asian Academy of Management Journal, 24 (Supplement 1) pp. 157-170
2017 Economic forces and Islamic stock market: Empirical evidences from Malaysia. Asian Journal of Business and Accounting, 10 (1) pp. 45-85
2017 Impact of inclusion into and exclusion from the Shariah index on a stock price and Trading Volume: Event study approach. International Journal of Economics and Financial Issues, 7 (2) pp. 40-51
2015 Behaviour of Islamic stock market in a prolonged down global market: empirical evidence from Malaysia. Journal of Islamic Finance, 4 (2) pp. 67-76
2012 Liquidity, initial public offering (ipo) long-term return and government ownership: Evidence from bursa malaysia ipo stocks. Asian Academy of Management Journal of Accounting and Finance, 8 (Supp.1) pp. 39-66
2008 The efficiency of trading halts: emerging market evidence. The International Journal of Banking and Finance, 5 (2) pp. 125-148
Conference or Workshop Item

2019 A profile analysis of potential investors in iREIT waqf investment products. In: The 2nd International Conference on Islamic Economics, Business, and Philanthropy (2nd ICIEBP),
2019 Financial literacy, moderation and financial spending among youth. In: 1st International Conference on Financial Markets (ICFM 2019),
2015 Application of iREITs in developing WAQF assets: alternative and mechanism. In: 2nd International Conference on Masjid, Zakat, and Waqf (i-MAF 2015),
2015 Pembangunan dan pembiayaan hartanah wakaf : kekuatan dan kelemahan kaedah semasa dalam konteks Malaysia. In: 2nd International Conference On Masjid, Zakat And Waqf 2015 (I-MAF2015),
2014 Measuring efficient risk management of life insurance companies in Thailand using Data Envelopment Analysis (DEA). In: Finance and Economics Conference 2014,
2014 The effect of ownership structure on initial return and post-listing liquidity: evidence from Bursa Malaysia . In: 16th Malaysian Finance Association Conference 2014 (MFA2014),
Book Section

2017 Exploring potentials of iREITs as an instrument to develop waqf assets. In: IIUM Press, International Islamic University Malaysia, ISBN: 978-967-491-008-2, pp. 298-317
2013 Raising fund for waqf land development via Islamic Real Estate Investment Trust (iREIT). In: Institut Kajian Zakat Malaysia, UiTM, ISBN: 978-983-44948-7-2, pp. 419-431

2019 Incorporating the Wasatiyyah concept to improve financial decision of Muslim consumers. In: ,