Staff Directory


Nazrul Hazizi bin Noordin

Academic Qualifications

  • Ph.D in Islamic Finance - Doctor of Philosophy, International Centre for Education in Islamic Finance (INCEIF)
  • Master of Science (Islamic Banking and Finance) - Masters Degree, International Islamic University Malaysia
  • Bachelor of Commerce with Honours - Bachelor Degree, Lincoln University

Nazrul Hazizi bin Noordin (Dr.)

Assistant Professor
IIUM Gombak Campus

INSTITUTE OF ISLAMIC BANKING AND FINANCE

Other's position:

Deputy Dean, Institute of Islamic Banking and Finance


hazizi@iium.edu.my
6273


Area of Specialisation


  • Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Other Islamic Finance n.e.c.


Teaching Responsibilities


ACCOUNTING AND RISK REPORTING FOR ISLAMIC FINANCIAL SERVICES 2024/2025 2023/2024
ACCOUNTING FOR ISLAMIC FINANCIAL INSTITUTIONS 2022/2023
BUSINESS MATHEMATICS AND STATISTICS 2024/2025 2023/2024 2022/2023 2021/2022
ETHICS AND GOVERNANCE OF ISLAMIC FINANCIAL INSTITUTIONS 2023/2024 2022/2023 2021/2022
FINANCIAL MANAGEMENT ANALYSIS 2024/2025 2023/2024 2022/2023 2021/2022
ISLAMIC FINANCIAL SYSTEM 2024/2025 2023/2024 2022/2023
ISSUES IN ISLAMIC FINANCIAL INCLUSION 2024/2025
MONEY AND BANKING 2022/2023 2021/2022
PRINCIPLES OF ACCOUNTING AND FINANCE 2024/2025
RISK MANAGEMENT OF ISLAMIC FINANCIAL INSTITUTIONS 2021/2022


Supervision


The Effect Of Debt-Based Financing On The Performance Of Islamic Banks Based On Maqasid Al-Sharia.
Ph.D In Progress Main Supervisor
The Impact Of Commodity Murabahah Financing Concentration On The Stability Of Islamic Banks In Malaysia.
Ph.D In Progress Main Supervisor
The Impact Of Shariah Compliance Culture On The Adoption Of ValueBased Intermediation In The Malaysian Islamic Banking Industry.
Ph.D In Progress Main Supervisor
Scaling Up Sustainable Investment In Government Linked Investment Companies: Lessons From Malaysia.
Ph.D In Progress Co-supervisor
Exploring Zakat Distribution Mechanism To Asnaf Entreprenuers; The Practice Of Islamic Financial Institutions In Malaysia.
Ph.D In Progress Co-supervisor
Crisis Management In The Malaysian Islamic Banks: Lessons From The Covid-19 Pandemic.
Ph.D In Progress Co-supervisor
Fostering The Development Of The Agricultural Sector In West Java, Indonesia Through Waqf .
Ph.D In Progress Co-supervisor
The Roles Of Islamic Financial Institutions In Promoting Financial Inclusion Among The Unserved And Underserved In Malaysia .
Master Completed 2025 Main Supervisor
Analysis Barriers Private Sector Participation In Sukuk Waqf Issuance.
Master Completed 2025 Main Supervisor
Adapting The Cimate Risk Parameter Impact To The Takaful Business In Malaysia.
Master Completed 2024 Main Supervisor
The Role Of Microtakaful In Building The Climate Resilience Of Smes In Malaysia..
Master Completed 2024 Main Supervisor
Malaysian Independent Palm Oil Smallholders: Challenges On Sustainability Requirements, Market Confidence On The Output And Role Ozf Islamic Financial Institutions On Sustainable Palm Oil Financing .
Master Completed 2024 Main Supervisor
A Proposed Model Of Islamic Blended Finance For Funding Sme In Malaysia.
Master Completed 2024 Main Supervisor
Constructive Collaboration In Ensuring The Sustainability Of Waqf Fund In Malaysia.
Master Completed 2024 Main Supervisor
Financing Renewable Energy Through Green Sukuk: The Malaysian Experience.
Master Completed 2024 Main Supervisor
Aitab Financing Facility: The Issue Of Legal Framework In Malaysia.
Master Completed 2023 Main Supervisor
A Survey On The Adoption Of Value-Based Intermediation By Banks In Malaysia.
Master Completed 2022 Main Supervisor
Exploring The Covergence Of Islamic Finance And Sustainability – Linked Financing .
Master In Progress Main Supervisor


Research Projects


Completed
2023 - 2025 The Potential Shariah, Legal and Practical Issues in the Issuance of Sukuk Waqf in Malaysia
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 Value-based Banking Adoption in Malaysia: Trends and Impact
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 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 Reconciling Operational Necessities with the Principle of Habs al-Asl in Cash Waqf Practices
2024 - Present An Impact Study on Zakat Distribution for Economic Empowerment. A Case Study of Maybank Islamic Berhad
2024 - Present Islamic Blended Finance: Concept and Framework for Forest Conservation Projects in Malaysia


Publications


Articles

2025 Inovasi kewangan Islam pacu pertumbuhan ekonomi seimbang. Berita Harian, Rencana (3hb Februari 2025) pp. 12
2024 2025 budget beyond quick fixes, toward lasting prosperity. BusinessToday, () pp.
2024 Climate risk preparedness: a survey of Takaful operators in Malaysia. The Journal of Muamalat and Islamic Finance Research, 21 (2) pp. 135-149
2024 Constructive collaboration in ensuring sustainability of Waqf fund in Malaysia: a case study of myWakaf initiative. Journal of Islamic Social Finance, 2 (2) pp. 1-17
2024 Elevating the ‘S’ in ESG through Islamic finance. The Star, () pp. 14-14
2024 Give poor fair shot at ascending economic ladder. The Sun Daily, () pp.
2024 Harnessing blended finance for poverty eradication in Muslim countries. Islamic Finance News, () pp.
2024 Islamic finance can fund flood adaptation initiatives. New Straits Times, () pp.
2024 Nurturing an altruistic society. The Sun, 2 January 2024 () pp. 10-10
2024 Perbankan Islam perlu gandakan usaha banti PKS Bumiputera. Berita Harian, MukaSepuluh (14hb Mac 2024) pp. 10
2024 Sustainable mechanisms of distributing financial assistance to Asnaf and B40 entrepreneurs in Malaysia: case study of Bank Kerjasama Rakyat Malaysia Berhad. Journal of Islamic Social Finance (JISF), 2 (1) pp. 26-38
2024 Trade uncertainty and bank credit growth: evidence from China and the European Union countries. Buletin Ekonomi Moneter dan Perbankan, 27 (2) pp. 299-326
2023 Kawal pengeluaran caruman KWSP elak implikasi jangka panjang. Berita Harian, 20 Mar 2023 () pp. 12-12
2023 KWSP bersasar perlu ikut Islam. Utusan Malaysia, 20 Mar 2023 () pp.
2023 Prinsip utama kebajikan orang lain bentuk masyarakat utuh. Berita Harian, () pp.
2023 Stakeholder engagement for value-based banking: the case of Malaysian Islamic banks. Journal of Public Affairs, 23 (4) pp.
2022 Private credit in dual banking countries: does bank ownership type matter?. Thunderbird International Business Review, () pp. 1-22
2019 Does Shariah committee composition influence Shariah governance disclosure? evidence from Malaysian Islamic banks. Journal of Islamic Accounting and Business Research, 10 (2) pp. 158-184
2018 Complying with the requirements for issuance of SRI sukuk: the case of Khazanah’s Sukuk Ihsan. Journal of Islamic Accounting and Business Research, 9 (3) pp. 415-433
2018 Does Islamic equity investment provide diversification benefits to conventional investors? Evidence from the multivariate GARCH analysis. International Journal of Emerging Markets, 13 (1) pp. 267-289
2017 Corporate governance and financial performance: Empirical evidence from public listed construction companies in Malaysia. International Journal of Applied Management Science, 9 (4) pp. 313-334
2017 Developing a comprehensive performance measurement system for waqf institutions. International Journal of Social Economics, 44 (7) pp. 921-936
2016 Innovation in Islamic finance: The way forward. Al-Shajarah, 21 (3 Special Issue) pp. 1-20
2016 Re-evaluating the practice of hibah trust in Malaysia. Humanomics, 32 (4) pp. 418-436
Conference or Workshop Items

2017 Diversification in conventional and Islamic stock indices: evidence from Multivariate-GARCH analysis. In: The 2nd Islamic Finance, Banking & Business Ethics Global Conference 2017,
2016 The diversification benefits within Islamic investments: evidence from MGARCH-DCC approach. In: 4th ASEAN International conference on Islamic Finance (4th AICIF 2016),
Book Sections

2024 A shariah compliance analysis of virtual reality technology investment. In: IGI Global, ISBN: 9798369379035, pp. 132-154
2024 Enhancing Shariah governance practice: insights from the non-profit organizations in Malaysia. In: Springer, ISBN: 978-3-031-48478-0, pp. 449-460
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,
2025 Impact report of Zakat distribution on economic empowerment: Maybank Islamic Berhad. In: ,