Staff Directory


Hafizah Binti Bahaludin

Academic Qualifications

  • Ph.D in Computational and Theoretical Sciences - Doctor of Philosophy, International Islamic University Malaysia
  • Master of Science (Mathematics) - Masters Degree, Universiti Kebangsaan Malaysia (UKM)
  • Bachelor of Mathematical Science (Honours) - Bachelor Degree, International Islamic University Malaysia

Hafizah Binti Bahaludin (Dr.)

Assistant Professor
IIUM Kuantan Campus

KULLIYYAH OF SCIENCE

hafizahbahaludin@iium.edu.my
5072


Area of Specialisation


  • Natural Science ~ Mathematical Sciences ~ Mathematics for Business ~ Financial Mathematics - Derivative, Option Pricing, Financial Network, Quantitative Finance


Teaching Responsibilities


CALCULUS 1 2021/2022
COMPUTER IN SCIENCE 2019/2020
FINAL YEAR PROJECT 2021/2022 2020/2021
FINAL YEAR PROJECT 1 2024/2025 2022/2023 2021/2022
FINAL YEAR PROJECT II 2025/2026 2024/2025 2023/2024 2022/2023 2021/2022
FINANCIAL DERIVATIVES I 2025/2026
FINANCIAL DERIVATIVES II 2025/2026
FINANCIAL MATHEMATICS 1 2020/2021
FINANCIAL MATHEMATICS I 2025/2026 2024/2025 2023/2024 2022/2023
FINANCIAL MATHEMATICS II 2025/2026 2024/2025 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
FINANCIAL MATHEMATICS III 2025/2026 2024/2025 2023/2024 2022/2023
FUNDAMENTAL OF MARKET MODEL AND PORTFOLIO MANAGEMENT 2025/2026 2024/2025
INTRODUCTION TO DATA ANALYTICS 2023/2024
INTRODUCTION TO FINANCIAL MATHEMATICS 2025/2026 2024/2025 2023/2024 2022/2023 2019/2020
INTRODUCTION TO STATISTICS 2020/2021
PLANT AND CROP MODELING 2024/2025 2023/2024 2021/2022 2019/2020
PROBABILITY AND STATISTICAL INFERENCE I 2019/2020
STATISTICAL METHODS 2021/2022 2020/2021


Supervision


Tooth Wear And Dentine Hypersensitivity: Prevalence And Its Associated Factors Among Young Adults At The International Islamic University Malaysia (Iium) In Kuantan, Pahang.
Master Completed 2025 Co-supervisor
Developing A Portfolio Based On Financial Network Topology By Using Minimum Spanning Tree Approach .
Master Completed 2024 Main Supervisor
A Minimum Spanning Tree (Mst) Of Shariah-Compliant Stocks Listed On Bursa Malaysia: An Empirical Study.
Master Completed 2020 Co-supervisor


Research Projects


Completed
2022 - 2023 Kempen Memupuk Kesedaran Pengumpulan E-Sisa di Kalangan Penduduk Selangor
2020 - 2025 Towards a sustainable economic growth: A case of a correlation network of Malaysian market using Triangulated maximally filtered graph (TMFG)
2019 - 2023 Formulating a new financial network of shariah-compliant stocks using minimum spanning tree (MST).
2018 - 2022 Financial network analysis of the Malaysian shariah-compliant companies using minimal spanning tree
2015 - 2020 The Role of Option-Implied Information in Improving a Portfolio Selection
On-Going
2024 - Present Advancing Financial Networks Analysis: The Role of Triangulated Maximally Filtered Graphs in Portfolio Diversification
2021 - Present Perlis Islamic e-Cemetery (PIe): The Digital Transformation of Cemetery Management in Perlis
2019 - Present Analysing the prevalence of tooth wear and its associated factors among secondary school children for the improvement of the oral health status.


Awards & Recognition


04 Aug, 2025 Top 5 Award (Professional-Online) - Hybrid Invention, Innovation and Design Competition 2025 International
04 Aug, 2025 Gold Medal - Hybrid Invention, Innovation and Design Competition 2025 International
04 Aug, 2025 Diamond (Professional Award) - Hybrid Invention, Innovation and Design Competition 2025 International
18 Jul, 2025 2nd Prize (Open Category) - 3rd International Article Writing Competition 2025 International
23 May, 2025 Gold Medal - International Virtual Competition of Creative & Innovative Idea 2025 International
09 May, 2025 Gold Medal - INVENTOPIA 2025: FBM-Seremban International Innovation Competition International
20 Nov, 2024 Silver Medal - Karnival Inovasi @ UMT 2024 National
25 Oct, 2024 Gold Medal - Research and Teaching Innovation Competition 2024 (RTIC 2024) International
05 Sep, 2024 Gold Medal - IUCEL X KNOVASI 2024 International
06 Oct, 2023 Silver Medal - Semarak International Research Article Competition 2023 International
16 Aug, 2023 Gold Medal - International Borneo Innovation, Exhibition & Competition 2023 (IBIEC 2023) International
02 Oct, 2022 EMERALD CERTIFICATE OF EXCELLENCE - 12-TH FOUNDATION OF ISLAMIC FINANCE CONFERENCE (FIFC) 2022 International
02 Oct, 2022 Best Paper Award - 12-TH FOUNDATION OF ISLAMIC FINANCE CONFERENCE (FIFC) 2022 International
15 Sep, 2022 GOLD MEDAL AWARD - IIUM RESEARCH & INNOVATION DAY 2022 University
15 Sep, 2022 BEST STAFF AWARD (APPLIED HEALTH SCIENCES) - IIUM RESEARCH & INNOVATION DAY 2022 University
15 Sep, 2022 BRONZE MEDAL AWARD - IIUM RESEARCH & INNOVATION DAY 2022 University
15 Sep, 2022 BRONZE MEDAL AWARD - IIUM RESEARCH & INNOVATION DAY 2022 University
24 Nov, 2021 Bronze Medal Award - IIUM Research Day 2021 University
24 Nov, 2021 Bronze Medal Award - IIUM Research Day 2021 University
19 Sep, 2021 BEST ORAL PRESENTATION AWARD - INTERNATIONAL SEMINAR ON MATHEMATICS IN INDUSTRY (ISMI2021) International
23 Oct, 2019 Second Place Staff ( Applied Sciences) - Kuantan Research Day (KRD 2019) University


Publications


Articles

2025 A study of oil and gas producers subsector portfolio using the trade-off ranking method. Yugoslav Journal of Operations Research, 35 (1) pp. 69-84
2025 Analysing Malaysian technology sector during COVID-19: a minimum spanning tree approach. Journal of Advanced Research in Applied Sciences and Engineering Technology, 44 (2) pp. 209-219
2025 Analyzing projections of cemetery land utilization: a case study of Perlis state. Menemui Matematik (Discovering Mathematics), 47 (3) pp. 8-20
2025 Cemetery land: sustainable dashboard development for Perlis E-Cemetery. Innovation Series Quarterly, 1 (1) pp. 1-6
2025 Comparing the impacts of past major events on the network topology structure of the Malaysian consumer products and services sector. Journal of the Knowledge Economy, 16 () pp. 925-967
2025 Financial network dynamics in Malaysian markets: exploring bursa indices interdependencies from 2019 to 2023. Journal of Quality Measurement and Analysis, 21 (3) pp. 319-335
2024 A minimum spanning tree stock market analysis of Malaysia technology companies. Journal of Quality Measurement and Analysis, 20 (3) pp. 153-162
2024 Exploring correlations of energy companies on bursa Malaysia during the Covid-19 pandemic using network analysis. Journal of Quality Measurement and Analysis, 20 (3) pp. 1-22
2024 Network, correlation, and community structure of the financial sector of Bursa Malaysia before, during, and after COVID-19. Data Science in Finance and Economics, 4 (3) pp. 362-387
2024 Pertandingan matematik UIAM (IMC) 2024: menggalakkan kecemerlangan matematik di kalangan pelajar sekolah menengah. WARKAH Berita PERSAMA, () pp. 11-12
2023 Centrality measures for Shariah-compliant securities listed on Bursa Malaysia. Menemui Matematik, 45 (1) pp. 85-103
2023 Comparing friends and peer tutors amidst Covid-19 using social network analysis. Mathematics, 11 (4) pp. 1-17
2022 A financial network for energy sector of Bursa Malaysia during covid-19 by using triangular maximally filtered graph approach. International Journal of Allied Health Sciences (IJAHS), 6 (Supplement 1) pp. 44-44
2022 Advanced visualization using Gephi for financial network. International Journal of Allied Health Sciences (IJAHS), Vol. 6 (Supplement 1) pp. 65-65
2022 DiMaCe: Digital Management of Cemetery. IIUM Journal of Orofacial and Health Sciences, 3 (Supplement 1) pp.
2022 Exploring an R package to analyse the structure of ecological networks: econullnetr. International Journal of Allied Health Sciences (IJAHS), 6 (Supplement 1) pp. 50-50
2022 Financial network (FiNe): a web application to assist investors in avoiding herding behaviour in stock market. IIUM Journal of Orofacial and Health Sciences, 3 (Supplement 1) pp. 4-4
2022 The causality and uncertainty of the covid-19 pandemic to Bursa Malaysia financial services index’s constituents. Entropy, 24 (8) pp.
2022 The impact of the COVID-19 Pandemic on the interconnectedness of stocks in Bursa Malaysia. MATEMATIKA: Malaysian Journal of Industrial and Applied Mathematics, 38 (2) pp. 69-82
2021 Comparison of correlation for Asia shariah indices using DCC-GARCH and rolling window correlation. Applied Mathematics and Computational Intelligence, 10 (1) pp. 203-219
2021 The impact of COVID-19 on industrial products and services sector of Bursa Malaysia by using minimum spanning tree. Menemui Matematik (Discovering Mathematics), 43 (2) pp. 111-120
2020 Cooperative game theory approach for portfolio sectoral selection before and after Malaysia general elections: GE13 versus GE14. Saudi Journal of Economics and Finance, 4 (8) pp. 390-399
2020 The portfolio optimization performance during Malaysia’s 2018 General Election by using noncooperative and cooperative game theory approach. Modern Applied Science, 14 (4) pp. 1-13
2020 The role of an option-implied distribution in improving as asset allocation model. Malaysian Journal of Fundamental and Applied Sciences, 16 (1 (Jan-Feb)) pp. 64-69
2019 A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia. Modern Applied Science, 13 (7) pp. 80-93
2019 The investigation on the impact of financial crisis on Bursa Malaysia using minimal spanning tree. Mathematics and Statistics, 7 (4A) pp. 1-8
2016 The development of a risk-neutral density estimation method. Journal of Engineering and Applied Sciences, 11 (7) pp. 1633-1638
2015 Minimal spanning tree for 100 companies in Bursa Malaysia. AIP Conference Proceedings, 1643 () pp. 609-615
2013 Peta pasaran saham Malaysia = A map of Malaysian share market. Jurnal Pengukuran Kualiti dan Analisis, 9 (2) pp. 27-36
Conference or Workshop Items

2025 NexusLearn: mapping the invisible ties of classroom collaboration. In: Virtual International Innovation Competition Exhibition (VICE’25),
2025 The landscape of the Malaysian healthcare sector during COVID-19 : a network perspective. In: International Conference of Optimization and Financial Mathematics 2023,
2024 A study on FTSE Bursa Malaysia KLCI using minimum spanning tree and degree centrality during state elections. In: Final Year Project 2023/2024 Seminar,
2024 Analyzing FTSE Bursa Malaysia KLCI using minimum spanning tree and betweenness centrality during state elections. In: Final Year Project 2023/2024 Seminar,
2024 Comparing the behaviour of Malaysian financial sector stocks of pre and during the coronavirus outbreak using correlation. In: 5th International Conference on Mathematical Sciences (ICMS5),
2024 Comparison of the 2008 global financial crisis, 2015 stock market crash and COVID-19 pandemic: impacts on the consumer products and services sector of Malaysia using Pearson correlation. In: 5th International Conference on Mathematical Sciences (ICMS5),
2024 Correlation network analysis of the healthcare sector in Malaysia during the COVID-19 pandemic. In: Simposium Kebangsaan Sains Matematik ke-30,
2024 mySTUDENTnetwork: memperkasa pengajaran dengan pempengaruh pembelajaran. In: International University Carnival on E-Learning (IUCEL) 2024 & Kongres dan Pertandingan Inovasi dalam Pengajaran dan Pembelajaran (kNOVASI) 2024,
2024 Predicting financial status of healthcare and property sector in Malaysia. In: 5th International Conference on Mathematical Sciences (ICMS5),
2024 The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war. In: 29th National Symposium on Mathematical Sciences,
2023 Exploring correlations of energy companies on bursa Malaysia during the Covid-19 Pandemic using network analysis. In: The 5th International Conference on Mathematical Sciences (ICMS5 2023),
2023 The impact of the US-China trade war on the Malaysian stock market network. In: 7th International Conference on Advancement in Science and Technology 2021,
2022 Financial network for energy sector of bursa Malaysia during covid-19 by using triangular maximally filtered graph (TMFG) approach. In: IIUM RESEARCH & INNOVATION DAY 2022,
2022 Network analysis of bursa Malaysia’s energy sector during the COVID-19. In: The 12th Foundation of Islamic Finance Conference (FIFC) 2022,
2022 The impact of Covid-19 towards health care sector by using a minimum spanning tree: a case of Bursa Malaysia. In: Final Year Project 2021/2022,
2021 CHANGES IN THE FINANCIAL NETWORK OF BURSA MALAYSIA BEFORE AND DURING MOVEMENT CONTROL ORDER (MCO). In: Simposium Kebangsaan Sains Matematik ke-28 (SKSM28),
2021 Comparison of Correlation for Asian Shariah Indices Using DCC-GARCH and Rolling Window Correlation.. In: Simposium Kebangsaan Sains Matematik ke-28 (SKSM28),
2021 The Impact of COVID-19 on Industrial Products and Services Sector of Bursa Malaysia by using Minimum Spanning Tree. In: Simposium Kebangsaan Sains Matematik ke-28 (SKSM28),
2021 The impact of COVID-19 pandemic on the interconnectedness of stocks in Bursa Malaysia. In: International Seminar on Mathematics in Industry 2021 (ISMI2021),
2021 Topological Properties of Malaysian Shariah Compliant Securities. In: International Conference on Innovative Technology & Social Science (ICITSS) 2020,
2021 Topological properties of Malaysian shariah-compliant securities. In: International Conference on Innovative Technology and Sciences (IC.ITSS) 2020,
2020 Centrality Measures for Shariah-Compliant Stocks Network during Global Financial Crisis: A Case of Bursa Malaysia. In: INTERNATIONAL CONFERENCE ON RECENT ADVANCES IN APPLIED MATHEMATICS 2020 (ICRAAM2020),
2020 The Effect of Malaysia General Election on Financial Network: An Evidence from Shariah-Compliant Stocks on Bursa Malaysia. In: INTERNATIONAL CONFERENCE ON RECENT ADVANCES IN APPLIED MATHEMATICS 2020 (ICRAAM2020),
2020 THE IMPACT OF 14TH MALAYSIAN GENERAL ELECTION ON BURSA MALAYSIA BY USING A COMPLEX NETWORK APPROACH.. In: 4th ASIA International Multidisciplinary Conference (AIMC2020),
2020 The Impact of Financial Crisis on Bursa Malaysia using Minimal Spanning Tree. In: Workshop on Economic Networks,
2019 Evaluation on the financial performance of the companies in Malaysia with Zmijewski model. In: The 4th International Conference on Computing, Mathematics and Statistics 2019 (ICMS),
2019 Network analysis of shariah-compliant stocks on Bursa Malaysia by using minimum spanning tree (MST). In: The 4th Innovation and Analytics Conference & Exhibition (IACE 2019),
2019 Stress and poor quality of sleep: risk factors contributing to type 2 diabetes mellitus. In: 27th FAOBMB Conference 2019 and 44th Annual Conference of MSBMB: Biomolecules: Networks and Systems,
2019 The investigation on the impact of financial crisis on Bursa Malaysia using minimal spanning tree. In: The 4th International Conference on Computing, Mathematics and Statistics 2019,
2017 Asset allocation using option-implied moments. In: 1st International Conference on Applied & Industrial Mathematics and Statistics (ICoAIMS 2017),
2017 Comparison of volatility function technique for risk-neutral densities estimation. In: The 24th National Symposium On Mathematical Sciences: Mathematical Sciences Exploration For The Universal Preservation,
2017 Empirical performance of interpolation techniques in risk-neutral density (RND) estimation. In: 37th International Conference on Quantum Probability and Related Topics, QP 2016; Faculty of Science of the International Islamic University MalaysiaKuantan; Malaysia,
2016 The development of a risk-neutral density estimation method. In: 2016 Applied Mathematics in Science and Engineering International Conference (APPEMSE),
2014 Minimal spanning tree for 100 companies in Bursa Malaysia. In: The 2nd ISM International Statistical Conference 2014 with Applications in Sciences and Engineering (ISM-II) ,
Books

2024 Final Year Project 2023/2024 seminar proceedings. Department of Computational & Theoretical Sciences, Kulliyyah of Science, IIUM, ISBN:
2023 Final Year Project 2022/2023 Seminar Proceedings. Department of Computational & Theoretical Sciences, International Islamic University Malaysia, ISBN:
2022 Final Year Project 2021/2022 Seminar Proceedings. Department of Computational & Theoretical Sciences, International Islamic University Malaysia, ISBN:
Book Sections

2025 From delay to delivery: revolutionizing FYP evaluation with Microsoft 365 solutions. In: Universiti Teknologi MARA (UiTM), ISBN: , pp. 68-73
2025 From delay to delivery: revolutionizing FYP evaluation with Microsoft 365 solutions. In: Universiti Teknologi MARA (UiTM), ISBN: , pp. 68-73
Monograph

2020 The role of option-implied information in improving a portfolio selection. In: ,