Staff Directory


Nazrol Kamil Bin Mustaffa Kamil

Academic Qualification

  • Islamic Finance - Doctor of Philosophy, International Centre for Education in Islamic Finance (INCEIF)
  • Master of Business Administration (Islamic Banking Finance) - Masters Degree, International Islamic University Malaysia
  • Accounting & Finance - Bachelor Degree, University of Melbourne
  • Finance - Diploma, University of Melbourne

Nazrol Kamil Bin Mustaffa Kamil (Assoc. Prof. Dr.)

Associate Professor
IIUM Gombak Campus

KULLIYYAH OF ECONOMICS AND MANAGEMENT SCIENCES

Other's position:

Deputy Director, Graduate School of Management


nazrol@iium.edu.my
4788


Expert Profile


Nazrol obtained his Bachelor of Commerce and Postgraduate Diploma in Finance from the University of Melbourne, Australia. His working career began in the oil and gas sector where he worked at PETRONAS in various capacities. In 2001, he joined Accenture Malaysia as an analyst and was involved in IT and management consulting projects in Malaysia, Singapore and Hong Kong.
Upon completing his MBA in International Islamic University Malaysia (IIUM), where he received the award of best student with a CGPA of 4.0, he joined as a full-time faculty member of the same institution. Nazrol enrolled in the PhD program at INCEIF in 2010. After completing the coursework with a CGPA of 3.95, he worked on his dissertation which was in the area of Shariah compliant stocks. He was awarded a PhD in Islamic finance in October 2014 and received the President’s Award of Best PhD student for that year.
His research interest is Islamic equities. He won the best paper award at the annual Malaysian Finance Association (MFA) conference twice in a row and has a number of publications in refereed journals. He currently serves as a faculty member of the Kulliyyah (Faculty) of Economics and Management Sciences, IIUM, where he teaches Islamic banking and finance.


Area of Specialisation


  • Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Islamic Banking - Islamic equities
  • Economics, Business And Management ~ Economics, Business And Management ~ Finance ~ Capital Market - Equities, Portfolio Management, Derivatives


Teaching Responsibilities


FINANCIAL DERIVATIVES 2018/2019 2019/2020 2020/2021 2017/2018
FINANCIAL MANAGEMENT 2009/2010
FINANCIAL MANAGEMENT AND POLICIES 2016/2017
FINANCIAL MANAGEMENT I 2009/2010 2016/2017 2014/2015 2008/2009 2013/2014 2019/2020
FINANCIAL MANAGEMENT II 2015/2016 2013/2014
FINANCIAL STATEMENT ANALYSIS 2010/2011
FOUNDATION OF ISLAMIC FINANCE 2014/2015 2015/2016
FUTURES,OPTIONS AND RISK MANAGEMENT 2016/2017 2017/2018
INTRODUCTION TO MANAGEMENT FOR NON-ENM 2005/2006 2009/2010 2007/2008 2006/2007 2008/2009
ISLAMIC BANKING AND FINANCE 2007/2008 2006/2007 2008/2009 2005/2006
ISLAMIC BANKING SYSTEM & OPERATIONS 2016/2017 2015/2016 2014/2015 2017/2018
ISLAMIC CAPITAL MARKET 2017/2018 2016/2017 2018/2019 2020/2021 2015/2016 2019/2020
ISLAMIC CAPITAL MARKETS 2021/2022 2020/2021
ISLAMIC FINANCIAL SYSTEM AND ENVIRONMENT 2014/2015
ISSUES IN ISLAMIC BANKING 2019/2020
PORTFOLIO MANAGEMENT 2018/2019 2016/2017
PRACTICAL TRAINING (BBA) 2009/2010 2006/2007 2008/2009 2007/2008


Research Projects


Completed
2015 - 2019 The Preparation of Feasibility Study for the Establishment of an International Islamic University in Afghanistan
2013 - Islamic Economic Framework for Waqf: Lessons from History,Comparative Best Practices and Developing Contemporary Models
On-Going
2019 - Present Exploring the Notion of Rational Investment: The Case of Green Investment in Malaysia


Publications


Article

2021 Is there a diversification “cost” of Shari’ah compliance? empirical evidence from Malaysian equities. Economic Systems, 45 (1) pp.
2020 Determinants of banks’ capital structure: a review of theoretical and selected empirical research. International Journal of Business and Social Science, 11 (12) pp. 131-141
2020 Determinants of banks’ capital structure: a review of theoretical and selected empirical research. International Journal of Business and Social Science, 11 (12) pp. 131-141
2020 Information content and informativeness of the analyst report in Malaysia: Evidence from Sharīʿah-compliant shares. Journal of Islamic Accounting and Business Research, 11 (3) pp. 869-888
2020 Information content and informativeness of the analyst report in Malaysia: Evidence from Sharīʿah-compliant shares. Journal of Islamic Accounting and Business Research, 11 (4) pp. 869-888
2020 Mandate performance reporting of Malaysian Development Financial Institutions (DFIs): a review. Asian Journal of Accounting and Finance, 2 (1) pp. 1-6
2020 Mandate performance reporting of Malaysian development financial institutions (DFIs): a review. Asian Journal of Accounting and Finance, 2 () pp. 1-6
2020 Tawarruq and Wa’d as main ingredients of Islamic structured investment: food for thought. International Journal of Economics, Management and Accounting, 18 (1) pp. 255-275
2019 Information content and informativeness of analysts’ report: evidence from Malaysia. Journal of Financial Reporting and Accounting, 16 (4) pp. 742-763
2019 Islamic venture capital – issues in practice. ISRA International Journal of Islamic Finance, 11 (1) pp. 147-158
2018 How useful are the equity analysts’ report? evidence from Malaysia. Reports on Economics and Finance, 4 (4) pp. 221-246
2018 Information content of analysts' report: a literature survey. Etikonomi, 17 (1) pp. 135-152
2018 Issue in Islamic equities: a literature survey. Emerging Markets Finance and Trade, 54 (1) pp. 1-26
2018 Strategic direction setting of DFIS: A qualitative review based on performance model. Academy of Strategic Management Journal, 17 (6) pp. 1-6
2017 A qualitative inquiry into the issues of information content of analysis’s report: Evidence from Malaysia. Labuan Bulletin of International Business & Finance, 15 () pp. 1-21
2017 A qualitative inquiry into the issues of information content of analysts' report: Evidence from Malaysia. Labuan Bulletin of International Business and Finance, 15 () pp. 1-21
2017 Development of waqf in Indonesia: The SWOT analysis of Indonesia Waqf Board (BWI). Al-Infaq: Jurnal Ekonomi Islam, 8 (2) pp. 136-150
2016 A critical look at an Islamic Gold investment account. IIUM Journal of Case Studies in Management, () pp. 18-30
2014 Heads we win, tails you lose: Is there equity in Islamic equity funds?. Pacific-Basin Finance Journal , 28 () pp. 7-28
2012 Do 'Sin Stocks' deprive Islamic stock portfolios of diversification? Some insights from the Use of MGARCH-DCC. Capital Markets Review, 20 () pp. 43-64
2012 Do ‘Sin stocks’ deprive Islamic stock portfolios of diversification? some insights from the use of MGARCH-DCC. Capital Markets Review, 20 (1&2) pp. 43-64
Conference or Workshop Item

2019 Direct and indirect costs in Islamic finance – opportunities for research. In: 10th Foundation of Islamic Finance Conference 2019,
2019 Islamic structured investment: an example and critical analysis. In: 1st International Conference on Financial Markets 2019 (ICFM),
2016 Factors contributing to the success of crowdfunding: the Malaysian case. In: 2016 Asia-Pacific Conference on Economics & Finance,
2016 Investment practices of endowment funds in higher education: lessons for the developing world. In: International Symposium on Waqf and Higher Education (ISWHE 2016),
2014 Is there a diversification “cost” of shari’ah compliance? empirical evidence from Malaysian equities. In: 4th Islamic Banking and Finance Conference 2014,
2012 Do sin stocks deprive Islamic stock portfolios of diversification? some insights from the use of MGARCH-DCC. In: The Malaysian Finance Association 13th Annual Conference 2011,
2011 Making Mudarabah workable: altering risk-return profiles through equity Kickers. In: The Malaysian Finance Association 13th Annual Conference 2011,
Book Section

2017 Islamic banking business of conventional banks: transition from windows to Islamic subsidiaries. In: Pearson Malaysia, ISBN: 978-967-349-737-9, pp. 85-114
2014 Investment of endowment funds in the higher educations: best practices, performances and issues. In: Fakulti Pengajian Islam, UKM, ISBN: 978-967-412-276-8, pp. 29-53
2012 Islamic equity market. In: International Shari'ah Research Academy for Islamic Finance (ISRA), ISBN: 978-967-349-127-8, pp. 451-496