Staff Directory

Hassanuddeen B. Abd. Aziz

Academic Qualification

  • Ph.D in Economics - Doctor of Philosophy, University of Illinois
  • M.B.A. - Masters Degree, University of Rochester, Rochester
  • Economy (Hons) - Bachelor Degree, Universiti Malaya (UM)

Hassanuddeen B. Abd. Aziz (Prof. Dr.)

IIUM Gombak Campus


Other's position:

Dean, Kulliyyah of Economics and Management Sciences

Area of Specialisation

  • Economics, Business And Management ~ Economics, Business And Management ~ Finance ~ Corporate Finance
  • Economics, Business And Management ~ Economics, Business And Management ~ Economics/Applied Economics ~ Financial and Monetary Economics - monetary
  • Economics, Business And Management ~ Economics, Business And Management ~ Management ~ Crisis and Risk Management - behavioral finance

Teaching Responsibilities


Research Projects

2019 - 2020 Innovative Financing for Sustainable Development Goals
2010 - Total Quality Model for IIFS
2009 - 2009 Academic Performance Measurement : A Professional Development Programme for Faculty of Arts and Humanities King Abdul Aziz University, Jeddah Saudi Arabia
2009 - 2009 Academic Assessment with Tabuk University
2006 - 2017 The Predictive Power of the Term Structure of Interest Rates
2019 - Present Perceptions of Johorean's Towards Economic Wellbeging Post GE14
2017 - Present Identifying and Assessing the Financial Theories in the Period of Khulafa Al-Rashideen with Special Reference to Manuscript
2016 - Present Price Behavior in Malaysian Islamic Unit Trust Industry
2012 - Present Training Effectiveness in the OIC Universities: An Application of Kirkpatrick Model

Award & Recognition

26 Nov, 2020 Emerald Literati Awards - Emerald Insights International



2020 Does venture capital substitute Islamic profit and loss sharing contracts? theoretical analysis on Musharakah and venture capital. International Journal of Economics and Management, 14 (1) pp. 111-127
2020 The personification of hospitality (Ḍiyāfah) in community development and its influence on social solidarity (Takāful Ijtimāʿī) through the eyes of the Prophetic Tradition (Sunnah). Al-Shajarah: Journal of The International Institute of Islamic Thought and Civilization (ISTAC), xx (xx) pp. 1-18
2019 A literature review of financial contracting theory from the Islamic and conventional overviews: contributions, gaps, and perspectives. Journal of King Abdulaziz University: Islamic Economics, 32 (2) pp. 25-42
2019 Adverse selection analysis for profit and loss sharing contracts. International Journal of Islamic and Middle Eastern Finance and Management, 12 (4) pp. 532-552
2019 Principal-agent preferences in imperfect markets: theoretical analysis on Murabahah and Ijarah. Journal of Islamic Monetary Economics and Finance, 5 (1) pp. 117-144
2018 Identification of macroeconomic determinants for diversification and investment strategy for Islamic unit trust funds in Malaysia. International Journal of Emerging Markets, 13 (4) pp. 653-675
2018 Is the ‎Islamic unit trust market efficient empirical evidence from ‎Malaysia‎. Journal of Private Equity, 21 (3 (Summer)) pp. 53-68
2017 What does the relationship among unit trust funds indicate about optimal portfolio investment diversification strategy? Case of the Malaysian Islamic unit trust funds industry. Journal of Wealth Management, 20 (3) pp. 113-128
2016 ‎The future prospects of Islamic banking in ‎Tunisia An empirical survey. EuroMed Journal of Business.‎, 11 (1) pp. 119-131
2015 Causal relationship between macro-economic indicators and funds unit prices behavior: evidence from Malaysian Islamic equity unit trust funds industry. International Journal of Social Education, Economics and Management Engineering, 9 (1) pp. 192-200
2015 Current state and future prospects of Islamic banking in Morocco: An empirical investigation. Journal of Emerging Economies and Islamic Research, 3 (2) pp. 1-10
2015 Fractional reserve banking and price stability: Evidence from Gulf Cooperation Council (GCC) countries. The American Journal of Economics and Business Administration, 7 (3) pp. 101-105
2015 Islamic and conventional behavioral finance: A critical review of literature. Journal of King Abdulaziz University: Islamic Economics , 28 (2) pp. 249-266
2015 Islamic and conventional behavioural finance: A critical analysis. Journal of King Abdul Aziz University: Islamic Economics ( JKAU ), 28 (2) pp. 237-251
2015 Micro-economic determinants of NAV of Islamic equity unit trust funds in Malaysia: an ARDL-Bounds testing approach. Journal of Management Research, 7 (2) pp. 574-594
2014 Factors determining Islamic Banks' deposits in Qatar: An empirical study. International Journal of Economic Practices and Theories, 4 (6) pp. 987-994
2014 Shari’ah issues in Islamic banking A qualitative survey in ‎Malaysia. Qualitative Research in Financial Markets, 6 (2) pp. 198-210
2014 The effect of banks' debt creation on price stability: evidence from Middle East and North Africa. Middle East Journal of Management, 1 (3) pp. 224-231
2013 Academic performance measurement: capacity building for OIC-Affiliated Universities. International Journal of Information Technology & Computer Science, 12 (2) pp. 67-74
2013 Relationship between macroeconomic variables and net asset value (NAV) of Islamic equity unit trust funds: cointegration evidence from Malaysian unit trust industry. Global Journal of Business and Social Science Review, 1 – 16 (2013) ((3) 5) pp. 5-16
2012 Empirical Investigation of Customers’ Perception and Adoption Towards Islamic Banking Services in Morocco. Middle-East Journal of Scientific Research, 12 (6) pp. 849-858
2009 Dynamic linkages among ASEAN-5 emerging stock markets. International Journal of Emerging Markets, 4 (2) pp. 160-184
Conference or Workshop Item

2020 The economic impact of COVID 19 on the combat sports and martial arts. In: 9th International Martial Arts and Combat Sports Scientific Society (IMACSSS) Conference & 2nd Global Scientific Martial Arts and Cultural Congress (GSMACC) 2020, Putrajaya, Malaysi,
2020 The role of Universities in the development of Islamic economics in Malaysia. In: Studium Generale: Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Antasari,
2020 University’s role in the nurturing and sharing of technology towards the Industrial Revolution 4.0 in post-Covid-19 era. In: Innovation Summit 2020,
2019 Business innovation for inclusive development. In: International Conference on Business Innovation for Inclusive Development (ICBIID-2019),
2019 Ethics and regulation of digital banking and insurance. In: The 5th Islamic Finance Conference on Banking and Insurance in the Era of Digital Transformation (IFC 2019).,
2019 Islamic finance: sustainability and inclusivity to ensure social, environment and economics justice. In: The 1st Palembang International Seminar in Islamic Economics and Business (PISIEB),
2019 Managing risks in Islamic banking and finance. In: Workshop on Managing Risk in Islamic Banking and Finance,
2019 Sustainable business and innovation in the era of 4IR. In: Trisakti Management Challenge 2019,
2019 The classification of wealth from Maqasid al-Shari’ah perspective. In: 10th Foundation of Islamic Finance Conference/Symposium (FIFC 2019),
2019 The solution of Islamic economics for the current economic system. In: Islamic Economics Winter Course 2019,
2018 Economic thought in classical Arabic manuscripts: an assessment. In: Islamic Banking & Finance Symposium in Islamic Finance: An Economic Catalyst for Emerging India,

2020 Islamic banking. IIUM Press, International Islamic University Malaysia, ISBN: 978-967-5272-486
2010 Islam and economic globalization. University Malaya Press, ISBN: 978-983-100-488-3
2009 Islamic banking. IIUM Press, ISBN: 9789675272486
1991 The essentials of financial management : written in simple style for quick understanding. IBS Buku Sdn Bhd , ISBN: 967-950-232-5
Book Section

2019 Making the right investment choice? comparing the performance between Islamic and conventional equity unit trust funds in Malaysia. In: IIUM Institute of Islamic Banking and Finance (IIiBF), ISBN: 978-983-44568-4-9, pp. 07-117
2011 Can Islamic banking industry ethical frame work save the world financial system: the response of islamic banks in 2008 financial crisis.. In: IIUM Press, ISBN: 9789670225821, pp. 166-176
2009 Islamic banking: prevalence of agency problems. In: IIUM Institute of Islamic Banking and Finance, ISBN: 9789834456801, pp. 201-210
2009 Islamic banking: prevalence of agency problems. In: IIUM Institute of Islamic Banking and Finance, ISBN: 9789834456801, pp. 201-210
2007 Towards the realization of divine objectives and moral principles in Islamic finance. In: Universiti Putra Malaysia Press, ISBN: 978-983-3455-82-9, pp. 21-42
2005 The economic and financial crisis in Malaysia. In: Ashgate Publishing Limited, ISBN: 0754644006, pp. 229-250