Staff Directory


Nur Farhah Binti Mahadi

Academic Qualifications

  • PHD IN ISLAMIC ECONOMICS AND BANKING - Doctor of Philosophy, Yarmouk University, Jordan
  • MASTER OF ISLAMIC REVEALED KNOWLEDGE AND HERITAGE (FIQH AND USUL AL-FIQH) - Masters Degree, International Islamic University Malaysia
  • BACHELOR OF ISLAMIC REVEALED KNOWLEDGE AND HERITAGE ( FIQH AND USUL AL-FIQH) (HONOURS) - Bachelor Degree, International Islamic University Malaysia

Nur Farhah Binti Mahadi (Assoc. Prof. Dr.)

Associate Professor
IIUM Gombak Campus

INSTITUTE OF ISLAMIC BANKING AND FINANCE


farhahmahadi@iium.edu.my
4189


Professional Membership


  • 2018 : Member of Profesional Body / Association: (Associate Member), Association of Shariah Advisors in Finance
  • 2021 - 2025 : Member of Profesional Body / Association: (Ordinary Member), INTERNATIONAL COUNCIL OF ISLAMIC FINANCE EDUCATORS (ICIFE)
  • 2023 - 2024 : Member of Profesional Body / Association: (Ordinary Member), Malaysian Economic Association


Teaching Responsibilities


AL-QANUN AL-TIJARI AL-ISLAMI 2022/2023
AL-UQUD FI AL-MASRAFIYYAH WA AL-MALIYYAH AL-ISLAMIYYAH 2023/2024
CONTEMPORARY ISSUES IN ISLAMIC FINANCE 2024/2025 2023/2024 2022/2023 2021/2022 2019/2020 2018/2019
ETHICS AND GOVERNANCE OF ISLAMIC FINANCIAL INSTITUTIONS 2019/2020
FAMILY MANAGEMENT 2024/2025 2023/2024 2022/2023
ISLAMIC COMMERCIAL LAW 2021/2022 2020/2021 2019/2020 2018/2019
ISLAMIC ECONOMICS 2018/2019
QUALITATIVE METHODS 2018/2019
RESEARCH METHODOLOGY 2018/2019
TAKAFUL AND RE-TAKAFUL 2024/2025 2023/2024
TRANSACTIONS IN ISLAMIC BANKING AND FINANCE 2024/2025 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020 2018/2019
USRAH IN ACTION 2 2022/2023
ZAKAT FOR SOCIAL FINANCE 2022/2023 2021/2022 2020/2021 2019/2020
ZAKAT IN SOCIAL FINANCING 2024/2025 2023/2024 2022/2023


Supervision


Cash Waqf Proceeds As Sustainable Funding For Qard Hasan: A New Model For Personal Financing In Malaysia.
Ph.D Completed 2025 Main Supervisor
The Impact Of Corporate Governance On Islamic Financial Institutions (Ifis) Performance In Kuwait.
Ph.D Completed 2024 Co-supervisor
دور الرقابة الداخلية يف حتسني األداء املايل للجمعيات التعاونية يف دولة الكويت.
The Role Of Internal Control In Improving The Financial Performance Of Cooperatives In The State Of Kuwait (Arabic).
Ph.D Completed 2023 Co-supervisor
An Exploratory Study Of Existing And Potential Islamic Finance Products For Agricultural Development In Afghanistan: Current Practices, Challenges, And Future Prospects.
Ph.D In Progress Main Supervisor
Establishment Of Waqf Institutions In Achieving Sustainable Socio-Economicdevelopment In Somalia.
Ph.D In Progress Main Supervisor
Disclosure Of Implementing Shariah Governance In Islamic Banking And Finance In Bangladesh: Challenges And Oppurtunities.
Ph.D In Progress Main Supervisor
The Alignment And Framework Of Sustainable Investment Identification Of Investments Pricing Constraints In Islamic Finance And Its Potential Solutions In Bangladesh.
Ph.D In Progress Main Supervisor
Zakat Banking: Expand The Boundaries Of Islamic Banking.
Ph.D In Progress Main Supervisor
Digital Banking For The Socio-Economic Advancement In Malaysia Through Islamic Social Finance Instruments..
Ph.D In Progress Main Supervisor
Exploring The Compatibility Of Digital Currencies With Islamic Law And Their Potential Role Of Jordanian Economy.
Ph.D In Progress Main Supervisor
The Impact Of Financial Inclusion On Financial Resilience Among Women Owned Msmes In Malaysia .
Ph.D In Progress Main Supervisor
Global Economy & Islamic Banking: Perspective Pandemic Covid 19.
Ph.D In Progress Co-supervisor
Fintech And Partnership-Based Islamic Microfinance Framework For Financial Inclusion And Economic Empowerment In Bangladesh: A Practitioner’S Perspective.
Ph.D In Progress Co-supervisor
Practices Of Al-Rahn In Non-Banking Financial Institutions In Afghanistan.
Ph.D In Progress Co-supervisor
Measuring The Customer’S Perception Of The Use Of Mobile Banking In Algerian Islamic Banks.
Ph.D In Progress Co-supervisor
Exploring The Role Of Islamic Banking In Improving The Socio-Economic Well-Being Of Fishermen In Mauritania.
Ph.D In Progress Co-supervisor
Role Of Zakat As Capacity Building For National Economic Development.
Master Completed 2025 Co-supervisor
Vbit: Unlock The Potential Of Takaful Industry Towards Sustainability.
Master Completed 2023 Main Supervisor
Explorative Study On Establishment Of Zakat Institution In Afghanistan: Case Study Of Lembaga Zakat Selangor.
Master Completed 2023 Main Supervisor
The Approach On Zakah On 401k From The Hanafi School Of Thought.
Master Completed 2023 Main Supervisor
Administration Of Waqf In India And The Law That Governs Waqf.
Master Completed 2023 Main Supervisor
Zakat And Its Impact Socio Economic Delevelopment During Covid -19 Crisis And Post Recovery Period In Bangladesh.
Master Completed 2022 Main Supervisor
The Impact Of Islamic Finance On Economic Growth: An Empirical Evidence Of Qatar, Uae And Bahrain.
Master Completed 2022 Main Supervisor
An Analysis Of Public Perception Of Islamic Banks In Kenya.
Master Completed 2021 Main Supervisor
Impediments And Potential Prospects For Islamic Banking In India.
Master Completed 2021 Main Supervisor
Collection And Distribution Of Zakat System In Assisting Asnad And Sdgs Achievement : Analysis Of Lembaga Zakat Negeri Kedah (Lznk).
Master Completed 2021 Main Supervisor
The Impact Of Islamic Financial Institutions On The Economic Growth.
Master Completed 2021 Main Supervisor
Examining The Awareness And Knowledge On Public Perception Towards Takāful In Afghanistan.
Master Completed 2021 Main Supervisor
Customers Perception Towards Islamic And Conventional Bank In Algeria : A Comparative Study.
Master Completed 2020 Main Supervisor
Financial Performance Of Islamic Banks In Indonesia.
Master Completed 2019 Co-supervisor
Issues And Challenges In Implementing Murabahah And Musharakah Mutanaqisah Contracts By The Islamic Home Financing Companies In The United States Of America.
Master Completed 2019 Co-supervisor


Research Projects


Completed
2023 - 2025 Microtakaful for the Elderly in the B40: Proposing a Ta'awun-Based Framework Incorporating Islamic Social Finance
2023 - 2025 The Potential Shariah, Legal and Practical Issues in the Issuance of Sukuk Waqf in Malaysia
2023 - 2025 A Comprehensive Review of Islamic Wealth Management Practices: Analyzing Zakat, Halal Investing, and Islamic Estate Planning.
2023 - 2025 The Potential Sukuk Structures for the Issuance of Sukuk Waqf in Malaysia
2023 - 2025 The Processes of Issuing Sukuk Waqf in Malaysia and the Role of Majlis Agama Islam and Securities Commission
2023 - 2025 An Exploratory Research on the Issuance of Sukuk Waqf in Malaysia
2023 - 2025 A Bibliometric Analysis of Sukuk Waqf
2022 - 2023 Shari'ah Issues in the Treatment of Qard (Qard Facility) for Solvency of Takaful Fund in a Takaful Undertaking
2021 - 2023 EXPLORING THE POTENTIAL OF USING ZAK?T COLLECTION FOR THE PURPOSE OF EXTENDING MICRO FINANCE TO THE RECIPIENTS OF ZAK?T
2018 - 2025 Shariah Non-compliant Events in Islamic Banks: Formulating a Mitigation Mechanism for the Application of Hybrid Products in Malaysia
On-Going
2025 - Present A Fiqhi Evaluation of Waqf Mu?aqqat (Temporary Waqf) and its Contemporary Applications in Islamic Finance
2025 - Present A Fiqhi Evaluation of Waqf Mu?aqqat (Temporary Waqf) and its Contemporary Applications in Islamic Finance
2025 - Present A Comparative Fiqhi Analysis of Direct Cash Waqf and Cash Waqf via Property Conversion in Contemporary Islamic Finance.
2025 - Present Innovative Mechanisms for Ensuring the Preservation of Principal (?abs Al-??l) in Contemporary Cash Waqf Models Implemented by Islamic Banks
2025 - Present Cash Waqf Structure and Its Current Application in Islamic Banks and Moving Forward
2025 - Present EXPLORING THE POSSIBILITY OF NON-MUSLIM BENEFITTING FROM ZAK?T FUND
2025 - Present Reconciling Operational Necessities with the Principle of Habs al-Asl in Cash Waqf Practices
2021 - Present Financial Resilience Among Women-owned MSMEs During COVID-19 Economic Crisis and Beyond- The Role of Islamic Social Financing Tools.
2021 - Present Developing a Blockchain-based Comprehensive Performance Measurement Framework for Efficient and Sustainable Waqf Institutions in Malaysia
2020 - Present Cash Waqf and Its Implementation in the Modern Islamic Finance


Awards & Recognition


26 Nov, 2024 Woman-i Academica - Cambridge IFA International
30 Oct, 2024 Jasa dan Sumbangan - Angkatan Pertahanan Awam Malaysia (Wilayah Persekutuan) National
23 Jul, 2024 Promising Academic Award (Art & Social Sciences) - International Islamic University Malaysia University
07 Mar, 2024 Kapten Bersekutu (PA) - Malaysia Civil Defense Force National
29 Sep, 2023 Highest MyRA Score - Networking & Linkages (2022) - IIUM Institute of Islamic Banking and Finance KCDIO
29 Sep, 2023 MyRA Star Rating (2022) 6 Star - IIUM Institute of Islamic Banking and Finance KCDIO
29 Sep, 2023 Student Engagement Award - IIUM Institute of Islamic Banking and Finance (IIiBF) KCDIO
30 Jul, 2023 Kursus Pertahanan Awam - Angkatan Pertahanan Awam Malaysia National
15 May, 2023 Promising Researcher Award - Responsible Research & Innovation Appreciation Day 2023 University
12 Dec, 2022 Woman-i Academica - Cambridge International


Publications


Articles

2025 A bibliometric analysis of Sukūk Waqf. Journal of Islamic Finance, 14 (1) pp. 28-45
2025 An overview of studies on food insecurity during and after the COVID-19 pandemic: a systematic review. Folia Oeconomica Stetinensia, 25 (1) pp. 375-402
2025 Analysing the opportunities of using a smart Sukuk model for Islamic microfinance institutions in Bangladesh. Revelation and Science, 2 (1 Special Issue: Postgraduate Colloquium 2024) pp. 148-160
2025 Islamic social finance for sustainable economic growth in Bangladesh. Journal of Islamic Finance, 14 (1) pp. 85-97
2025 Risks in Islamic green finance and Takaful as a solution. Journal of Islamic Social Finance, 3 (1) pp. 11-22
2025 The roles of financial knowledge, government support, and social networking on financial resilience among women SMEs in Malaysia. Educational Administration: Theory and Practice, 31 (2) pp. 161-176
2024 Finance and inequality in West African countries: does size matter?. Studies in Business and Economics, 19 (3) pp. 291-312
2024 Financial resilience among women small and medium enterprise in Malaysia during and after COVID-19: the role of Islamic social finance. Journal of Islamic Monetary Economics and Finance, 10 (4) pp. 631-656
2024 Impact of access to credit, credit delivery, and variation in interest rate on business performance: an empirical study of SMEs in Kwara, Nigeria. International Journal of Interdisciplinary Organizational Studies, 19 (2) pp. 57-82
2024 Presenting a Smart Sukuk model for Islamic microfinance Institutions in Bangladesh: towards achieving SDGs. EkBis: Jurnal Ekonomi dan Bisnis, 8 (2) pp. 176-189
2024 The imperative of standardized comparative standards for sustainable growth and global competitiveness in Islamic finance. International Journal of Academic Research in Progressive Education and Development, 13 (4) pp. 17-33
2023 An overview of studies on financial resilience among women led SMES after Covid-19 pandemic: a systematic literature review and bibliometric analysis. Journal of Research Administration, 5 (2) pp. 12600-12621
2023 Establishment of waqf institutions to alleviate poverty in Somalia: test of theory of planned behavior. Journal of Islamic Social Finance, 1 (1) pp. 1-12
2023 Financial resilience and financial education among Malaysian women small and micro business-owners: lessons beyond the Covid-19 crisis. Al-Hikmah International Journal for Islamic Studies & Human Sciences, 6 (2) pp. 22-33
2023 Remodeling Qard Hasan with cash waqf fund: economic stability solution post Covid-19. AZKA International Journal of Zakat and Social Finance, 4 (2 (Special Issue)) pp. 1-23
2023 Shariah issues on selected hybrid products practiced by Islamic banks. International Journal of Academic Research in Progressive Education and Development, 12 (3) pp. 2510-2522
2023 The customer’s perception towards Islamic and conventional banks in Algeria. Tazkia Islamic Finance and Business Review (TIFBR), 17 (1) pp. 56-67
2023 The role of Islamic social finance in mitigating the poverty levels in the post-pandemic period. Journal of Islamic Management Studies (JIMS), 7 (1) pp. 70-81
2023 The treatment of Qarḍ (Qarḍ facility) for solvency of takāful fund in a takāful undertaking. Journal of Islamic Shariah, 2 (1) pp. 2-26
2022 An analysis of Waqf, Zakāt, Qard and Takāful as Islamic social finance instruments juristic views. IIUM Law Journal, 30 (2) pp. 37-56
2022 Examine the awareness and knowledge on public perception towards zakāt management during the post-pandemic period in Bangladesh. The Seybold Report, 17 () pp. 1622-1629
2022 The value propositions and the nature of the Islamic banks products and services in providing the solutions for the financial needs of BIMB business customer segments. El Barka: Journal of Islamic Economics and Business, 5 (1) pp. 105-134
2021 Determining the appropriate investment strategy and identify the leading monetary system before and during the Covid-19 pandemic crisis: a case study of crypto-currency, gold standard, and fiat money. Journal of Information Technology Management (JITM), 13 (2) pp. 25-50
2021 Pandemic crisis: Malaysian takāful market. Turkish Journal of Islamic Economics, 8 (Special Issue) pp. 387-400
2019 Leading towards impactful Islamic social finance: Malaysian experience with the value-based intermediation approach. Al-Shajarah: Journal of The International Institute of Islamic Thought and Civilization (ISTAC), Special Issue: Islamic Banking and Finance () pp. 69-87
2019 The potential in reviving waqf through crowdfunding technology: the case study of Thailand. Al-Shajarah: Journal of The International Institute of Islamic Thought and Civilization (ISTAC), Special Issue: Islamic Banking and Finance () pp. 89-106
Conference or Workshop Items

2024 Exploring green human resource management to achieve sustainability in the banking industry of Bangladesh. In: International Conference on Business and Technology, ICBT 2023,
2024 Exploring green human resource management to achieve sustainability in the banking industry of Bangladesh. In: International Conference on Business and Technology, ICBT 2023,
2024 FinTech innovation and financial inclusion in Malaysia: a systematic review. In: 2024 3rd International Conference on Creative Communication and Innovative Technology, ICCIT 2024,
2023 Application of blockchain technology in the management of waqf institutions: concepts, challenges and recommendations. In: IEEE International Conference on Computing (ICOCO 2023),
2021 A conceptual framework for the mediating role of trust on the relationship between adoption of blockchain in Waqf management and its determinants. In: International Conference on Islamic Finance (ICIF),
2020 Achieving the Sustainable Development Goals (SDGs): between the role of Islamic social finance and financial inclusion. In: 12th International Conference on Islamic Economics and Finance "Sustainable Development for Economy",
2020 Covid-19: reinforcing the impact of Islamic banking through value-based intermediation. In: 3rd UUM International Islamic Business Management Conference 2020 (IBMC 2020),
2020 Determinants of blockchain technology adoption among Zakat institutions in Malaysia: a proposed integrated model. In: 12th International Conference On Islamic Economics & Finance "Sustainable Development For Real Economy",
2020 Entrusting government in resolving Covid 19: economic impacts through government support scheme. In: 8th ASEAN Universities International Conference on Islamic Finance (8th AICIF) 2020,
2020 Nurturing wise spending habit among children: the role of parents. In: The 2nd National Seminar in Contemporary Fiqh on Family Fiqh in Malaysia: Towards Promoting Insan Sejahtera (NSCF2020),
2020 Pandemic crisis: Malaysia takāful market. In: Islamic Social Finance: Pandemic Crisis and Possible Solutions (ISFPCPS 2020),
2020 The role of Zakat in achieving economic empowerment, environmental sustainability and social re-engineering as promoted in the 12th Malaysia plan (12MP). In: Islamic Social Finance Outreach Programme (ISFO 2020),
2019 Sustainable development goals and the role of zakat. In: Proceedings of the 1st Kedah International Zakat Conference 2019,
2018 Humanitarian sukuk: practical instrument in eliminating refugee crisis. In: 1st Global Conference on Islamic Economics and Finance 2018 (GCIEF 2018),
Book Sections

2025 Fiqhi and Fatwa rulings governing green finance. In: Routledge, ISBN: 9781032672915, pp. 78-88
2024 Islamic sustainable finance: experiences of African countries. In: Routledge, ISBN: 978-1-032-74307-3, pp. 15-23
2024 Prospects of a partnership-based Islamic microfinance model in Bangladesh: clients perspectives. In: Springer Nature, ISBN: 978-3-031-48769-9, pp. 159-169
2024 Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives. In: Springer, ISBN: 978-3-031-48769-9, pp. 159-169
2023 Measuring the customer’s perception of the use of financial technology in Algerian Islamic Banks. In: Springer, ISBN: 978-3-031-27859-4, pp. 533-542
2023 Role of Islamic microfinance in enhancing financial inclusion in Bangladesh: a systematic literature review. In: Springer Nature, ISBN: 978-3-031-27859-4, pp. 105-116
2021 Achieving the Sustainable Development Goals: the role of Islamic social finance towards realizing financial inclusion in the unprecedented Covid-19. In: IGI Global, ISBN: 9781799868118, pp. 1-17
2021 Economic benefits of online marriage during Covid-19 pandemic: a Maqasidic analysis in the Malaysian context. In: Contemporary Fiqh Research Unit (CFRU) & Islamic Book Trust, ISBN: 978-967-0526-83-6, pp. 222-253
2021 The role of zakat in achieving economic empowerment, environmental sustainability, and social re-engineering as promoted in the 12th Malaysia Plan. In: IGI Global, ISBN: 9781799868118, pp.
Monograph

2025 An exploratory study on the issuance of Sukuk Waqf in Malaysia. In: IIUM Institute of Islamic Banking and Finance and Bank Kerjasama Rakyat Malaysia Berhad,