Staff Directory
Academic Qualifications
- Ph.D in Islamic Banking and Finance - Doctor of Philosophy, International Islamic University Malaysia
- Chartered Islamic Finance Professional (CIFP) - Masters Degree, International Centre for Education in Islamic Finance (INCEIF)
- Bachelor of Commerce - Bachelor Degree, The University of Melbourne
Syed Marwan Mujahid Bin Syed Azman (Assoc. Prof. Dr.)
Associate Professor
IIUM Gombak Campus
INSTITUTE OF ISLAMIC BANKING AND FINANCE
Additional Assignments:
Director, Office for Strategy & Institutional Change
syedmarwan@iium.edu.my
4195
Expert Profile
Syed Marwan is an Associate Professor at the IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (IIUM).
He also serves as the Deputy Director at the Office for Strategy and Institutional Change (OSIC), where he plays a key role in steering the university’s strategic planning, implementation and monitoring, ranking and institutional performance, as well as change management.
He holds a Bachelor of Commerce, majoring in Economics and Finance, from the University of Melbourne. He later earned the Chartered Islamic Finance Professional (CIFP) qualification from the International Centre for Education in Islamic Finance (INCEIF), followed by a PhD from IIUM’s IIiBF, with a research focus on Social Impact Bonds.
Marwan brings a combination of academic rigour and practical experience. He began his career as an Analyst at Kuwait Finance House Research in 2013 and joined the CEO@Faculty Programme in 2020–2021, where he was attached to Maybank Group under the mentorship of the CEO of Human Capital. In 2024, he was selected as an InteRussia Fellow and attached to the Moscow State Institute of International Relations (MGIMO). During this fellowship, he conducted research on the development and implementation of Islamic finance in Russia, while also expanding his global network through engagement with fellows from various countries.
He teaches a range of undergraduate and postgraduate courses, including Principles of Economics, Islamic Economics, Financial Systems, Waqf, and Sustainable Development.
His academic commitment is further reflected in his active research engagements. He was the Principal Investigator for a completed project entitled “Social Impact Performance Measurement Model for Islamic Financial Institutions: Integrating SDGs, Value-Based Intermediation (VBI), and Maqasid al-Shariah.”
Currently, he leads the research projects: "Development of Social Impact Measurement Framework for Elderly Care Centres in Malaysia” & “Islamic Social Finance Solutions in Addressing Challenges in Elderly Care in Malaysia”
He is also co-researchers in several other ongoing collaborative projects. These include: “Humanitarian Sukuk: Developing an Alternative Financial Tool in Addressing the Refugee Crisis” (FRGS-funded); “Contemporary Corporate Practices from the Perspective of Islamic Ethics” (funded by Maybank Islamic); “Pioneering Waqf Healthcare Haven for Elderly People” ; “Assessing the Financial Vulnerability of the Elderly in the B40 Community” ; “Developing Takaful Products and Framework for Holistic Protection of Senior Citizens”.
Marwan’s scholarly work centres on sustainable and ethical finance. His research on Sustainable and Responsible Investment (SRI), Social Impact Bonds (SIB), and impact measurement reflects a deep commitment to advancing Islamic finance that is purposeful and socially grounded.
Marwan’s scholarly work centres on sustainable and ethical finance. His research on Sustainable and Responsible Investment (SRI), Social Impact Bonds (SIB), and impact measurement reflects a deep commitment to advancing Islamic finance that is purposeful and socially grounded.
Area of Specialisation
- Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Other Islamic Finance n.e.c. - Social Impact Sukuk
- Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Other Islamic Finance n.e.c. - Social Finance
- Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Other Islamic Finance n.e.c. - Social Impact Bonds
Professional Membership
- 2023 - 2024 : Member of Profesional Body / Association: (Member), Association of Shariah Advisors in Islamic Finance (ASAS)
- 2023 - 2024 : Member of Profesional Body / Association: (Member), International Council of Islamic Finance Educators (ICIFE)
Teaching Responsibilities
| ISLAMIC ECONOMICS | 2025/2026 2024/2025 2023/2024 2022/2023 2021/2022 2020/2021 |
| ISLAMIC FINANCIAL SYSTEM | 2024/2025 2023/2024 2022/2023 2021/2022 2019/2020 2018/2019 |
| MONEY AND BANKING | 2020/2021 |
| PRINCIPLES OF ECONOMICS | 2025/2026 2024/2025 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020 2018/2019 |
| SEMINAR ON WAQF FINANCIAL REPORTING AND GOVERNANCE | 2024/2025 2023/2024 2022/2023 |
| SUSTAINABLE DEVELOPMENT: ISSUES, POLICIES AND PRACTICES | 2021/2022 |
| SUSTAINABLE DEVELOPMENT: ISSUES, PRINCIPLES AND PRACTICES | 2022/2023 |
| TRANSACTIONS IN ISLAMIC BANKING AND FINANCE | 2023/2024 |
| WAQF AND ISLAMIC FINANCE | 2022/2023 |
Supervision
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The Role Of Islamic Modes Of Financing In Addressing Budget Deficit In Oman: A Proposed Framework In The Light Of Maqasid Al-Shariah.
Ph.D
Completed
2025
Main Supervisor
|
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Investigating Hallalan Tayyiban Principles Of The Current Shariah Screening:Integration Of Environmental, Social, And Governance (Esg) Criteria In Islamic Investments, Empirical Evidence From Malaysia.
Ph.D
In Progress
Main Supervisor
|
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Conceptualizing The Interwaqf Liquidity Facility:Toward A Framework For Internal Capital
Allocation And Transfer Of Management Rights.
Ph.D
In Progress
Main Supervisor
|
|
Innovations In Islamic Sustainable Finance: A Qualitative Analysis Of Bank Practices And Product Offerings In Malaysia.
Ph.D
In Progress
Main Supervisor
|
|
An Exploratory Study On Humanitarian Sukuk For Refugees: Its Potentials And
Challenges In Morocco.
Ph.D
In Progress
Co-supervisor
|
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Contributions Of Sri Linked Sukuk Towards Sustainability: The Case Of Climate Change..
Master
Completed
2024
Main Supervisor
|
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An Exploratory Study Of The Digital Discourse And Social Media Narratives Of Islamic Financial Institutions In Malaysia.
Master
Completed
2024
Main Supervisor
|
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The Role Of Islamic Banks In An Inclusive Economic Growth In Senegal: Empirical Evidence.
Master
Completed
2024
Main Supervisor
|
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Ethical Governance In Islamic Financial Institution: A Systematic Review And Comparative Analysis Of Governance Practices For Malaysian Islamic Banks.
Master
Completed
2024
Main Supervisor
|
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An Exploratory Study Onsocial Impact Measurementin Islamic Social Financ Eecosystem..
Master
Completed
2022
Main Supervisor
|
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A Qualitative Study On Viability Of Green Sukuk Post Pandemic In Malaysia.
Master
Completed
2022
Main Supervisor
|
|
The Development Of Social Impact Framework For Waqf In India.
Master
Completed
2021
Main Supervisor
|
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Operationalizing Maqasid Al-Shariah Through The Development Of Waqf-Based Smart Sukuk.
Master
In Progress
Main Supervisor
|
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Awareness Of Cash Waqf Among The Iium Student.
Master
In Progress
Main Supervisor
|
Research Projects
Completed
| 2025 - 2025 | Harmonizing MADANI Values with Maqasid Sharia: A Framework for Islamic Nation-Building in Malaysia |
| 2023 - 2025 | Assessing the Financial Vulnerability among the Elderly Citizens in Malaysia |
| 2023 - 2026 | Pioneering Waqf Healthcare Haven for Elderly People: A Sustainable Long-term Care Solution |
| 2023 - 2026 | Developing Takaful Products and Framework for Holistic Protection of Senior Citizens in the Malaysian Ecosystem |
| 2019 - 2022 | Social Impact Performance Measurement Framework for Islamic Financial Institutions: Integrating Sustainable Development Goals (SDGs), Value-Based Intermediation (VBI) and Maqasid asShari'ah |
On-Going
| 2025 - Present | Islamic Social Finance Solutions in Addressing Challenges in Elderly Care in Malaysia |
| 2023 - Present | Development of Social Impact Measurement Framework for Elderly Care Centres in Malaysia |
| 2023 - Present | Contemporary Corporate Practices from the Perspective of Islamic Ethics |
| 2019 - Present | Humanitarian Sukuk: Developing An Alternative Financial Tool in Addressing Refugee Crisis |