Staff Directory

Academic Qualifications
- Political Economy and Public Policy - Doctor of Philosophy, University of Southern, California
- Economics - Masters Degree, University of Southern, California
- Business Administration (Finance) - Bachelor Degree, University of Southern, California
Gairuzazmi Bin Mat Ghani (Prof. Dr.)
Professor
IIUM Gombak Campus
KULLIYYAH OF ECONOMICS AND MANAGEMENT SCIENCES
Other's position:
Dean, Kulliyyah of Economics and Management Sciences
gairuzazm@iium.edu.my
4627
Area of Specialisation
- Economics, Business And Management ~ Economics, Business And Management ~ Economics/Applied Economics ~ Macroeconomics (Including Monetary and Fiscal Theory; and Macroeconomics Issues such as Balance of Payments Issues, Exchange Rates Issues, Fiscal Policy Issues, Income Policy Issues, Industrial Concentration, Monetary Policy Issues, National Accounts, Poverty and Equity, Price Stability, Productivity and Growth, Taxation Issues, Social Security, Cooperative, Agriculture Productivity and Growth and Land Use)
- Economics, Business And Management ~ Economics, Business And Management ~ Econometrics ~ Applied Econometrics
Teaching Responsibilities
ADVANCED ECONOMICS AND ISSUES | 2024/2025 |
APPLIED RESEARCH METHODS | 2013/2014 2008/2009 |
BUSINESS ECONOMICS | 2009/2010 2008/2009 |
COMPREHENSIVE EXAMINATION | 2013/2014 |
CONTEMPORARY ECONOMIC THOUGHT & POLICY | 2011/2012 2010/2011 |
ECONOMETRICS | 2025/2026 2024/2025 2017/2018 2016/2017 2015/2016 2014/2015 2010/2011 2009/2010 |
ECONOMETRICS I | 2024/2025 2018/2019 2011/2012 |
ECONOMIC THEORY | 2010/2011 2009/2010 |
ECONOMICS FOR MANAGERS | 2024/2025 2008/2009 2007/2008 |
ECONOMICS FOR SUSTAINABLE BUSINESS | 2024/2025 |
ECONOMICS THEORY | 2008/2009 |
FORECASTING FOR BUSINESS & ECONOMICS | 2008/2009 |
FORECASTING FOR ECONOMICS & BUSINESS | 2023/2024 2022/2023 2021/2022 2020/2021 |
INTERMEDIATE MACROECONOMICS I | 2015/2016 2013/2014 2012/2013 2009/2010 2008/2009 |
INTERMEDIATE MACROECONOMICS II | 2018/2019 2011/2012 2009/2010 |
INTERMEDIATE MICROECONOMICS I | 2012/2013 |
INTERMEDIATE MICROECONOMICS II | 2014/2015 |
INTERNATIONAL TRADE AND DEVELOPMENT | 2006/2007 |
INTRODUCTORY ECONOMICS FOR ENGINEERING | 2006/2007 |
ISLAMIC ECONOMICS | 2010/2011 |
MACROECONOMIC THEORY | 2021/2022 2019/2020 |
MACROECONOMICS | 2012/2013 2011/2012 |
MATHEMATICAL ECONOMICS | 2007/2008 |
MICROECONOMIC THEORY | 2021/2022 2020/2021 2019/2020 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 2011/2012 |
MICROECONOMICS | 2023/2024 2022/2023 2013/2014 2012/2013 2009/2010 2008/2009 2007/2008 2006/2007 |
MONEY AND BANKING | 1999/2000 |
PRINCIPLES OF MICROECONOMICS | 2023/2024 2008/2009 2007/2008 2006/2007 |
QUANTITATIVE METHODS | 2011/2012 |
STATISTICAL METHODS | 2014/2015 2013/2014 2011/2012 2010/2011 1999/2000 1998/1999 |
Supervision
Enhancing Tax Regulations And Procedural Guarantees For Foreign Direct Investment (Fdi) : A Legal Framework Analysis In Oman.
Ph.D
Completed
2024
Co-supervisor
|
Impacts Of Inbound Tourism Expenditure On Malaysia'S Economy: A Tourism Computable General Equilibrium Model For Malaysia.
Ph.D
Completed
2023
Main Supervisor
|
Islamic Banking And Wealth Distribution: An Application Of Agent-Based Computational Model
.
Ph.D
Completed
2021
Main Supervisor
|
Assessing The Impact Of Government Credit Guarantee Scheme (Kur) For Micro, Small And Medium Enterprises On Poverty Reduction In Indonesia.
Ph.D
Completed
2021
Main Supervisor
|
Monetary Policy Transmission Through Investment Account In Malaysia: Pre And Post Ifsa 2013.
Ph.D
Completed
2020
Main Supervisor
|
Factors Affecting The Co-Movement Of Prices Between Peninsular Malaysia And Sabah: A Focus On Cabotage Policy.
Ph.D
Completed
2018
Main Supervisor
|
The Determinants Of Debt Financing And Firm Performance: Evidence On Shariah Approved Firms.
Ph.D
Completed
2018
Main Supervisor
|
Examining The Sources Of Inflation In Saudi Arabia.
Ph.D
Completed
2017
Main Supervisor
|
Non-Traditional Banking Activities In Asean-5 Countries.
Ph.D
Completed
2017
Main Supervisor
|
Essays On Foreign Direct Investment In Uganda.
Ph.D
Completed
2016
Main Supervisor
|
Essays On Business Cylcle And Stock Markets In The Oic.
Ph.D
Completed
2016
Co-supervisor
|
Zakat And Human Welfare: An Analysis Of Productive-Based Zakat In Jakarta, Indonesia
.
Ph.D
Completed
2015
Main Supervisor
|
Economic Impacts And Determinants Of Foreign Direct Investment In Malaysia.
Ph.D
Completed
2015
Co-supervisor
|
The Impact Of Trans-Pacific Partnership Agreement On Malaysia'S Trade And Access To Medicine.
Ph.D
Completed
2015
Co-supervisor
|
The Determinants Of Successfull : A Case Study Of Bri Clients In Medan City, Indonesia.
Ph.D
Completed
2014
Main Supervisor
|
The Impact Of Exchanged Rate Misalignment On Export Competitiveness And Foreign Investment In Malaysia.
Ph.D
Completed
2010
Co-supervisor
|
Non Tariff Barriers On Malaysia'S Agricultural And Manufacturing Sectors: Their Determinants And Impacts On Imports.
Ph.D
Completed
2010
Co-supervisor
|
Dynamic Analysis Of Monetary Policy: A Dsge Model Approach To Optimizing Policy (Case Study Sudan).
Ph.D
In Progress
Main Supervisor
|
Develop Integrated Modelling Of Cash Linked Sukuk In Green Using Agent Based Model : Indonesia Case.
Ph.D
In Progress
Main Supervisor
|
The Islamic Law Of Inheritance: Issues And Its Nexus Towards The Economic Growth And Development In Selangor And Kuala Lumpur.
Ph.D
In Progress
Main Supervisor
|
Parameters Of A Just Monetary System : Under The Framework Of Equivalent Exchange.
Ph.D
In Progress
Main Supervisor
|
The Theoretical And Philosophical Foundations Of Islamic Microeconomics.
Ph.D
In Progress
Main Supervisor
|
An Investigation Of Indonesia’S Export Flow : The Dynamic Of Technological Intensity, Extensive And Intensive Margins.
Ph.D
In Progress
Main Supervisor
|
A Comparative Analysis Of Malaysia'S Real Exchange Rate Against The Us Dollar: Beer, Ppp, And Macroeconomic Balance Approaches.
Ph.D
In Progress
Main Supervisor
|
The Economic Impact Of International Student: The Case Of Iium.
Ph.D
In Progress
Co-supervisor
|
Food Waste Minimization From Demand Side Perspective Using Behavioural Economics Tools.
Ph.D
In Progress
Co-supervisor
|
Energy Consumption And Economic Growth In Nigeria: A Multivariate Cointegration Analysis.
Master
Completed
2025
Main Supervisor
|
The Efficiency Of Tourism Industry Across Countries: Analysis On A Global Scale.
Master
Completed
2019
Main Supervisor
|
Auction Of Us Dollar Inflation, Exchange Rate And Trade In Afghanistan.
Master
Completed
2019
Main Supervisor
|
Determinants Of Tourist Arrivals On Oic Countries: A Gravity Model Approach.
Master
Completed
2017
Main Supervisor
|
A Framework For Determining The Input-Output Of Waqf-Based University.
Master
Completed
2016
Main Supervisor
|
The Role Of Social Capital In Predicting Volunteering Behavior: The Case Of Algeria And Tunisia.
Master
Completed
2015
Main Supervisor
|
Contribution Of Hospitality And Services Sector To Malaysian Economy.
Master
Completed
2015
Main Supervisor
|
Analysis On Comparative Study Between Islamic And Conventional Stock Market In Malaysia.
Master
Completed
2013
Main Supervisor
|
Macroeconomics Fluctuation From Interest Rate Perspective.
Master
Completed
2013
Main Supervisor
|
Forecasting Of Natural Rubber Production In Malaysia.
Master
Completed
2012
Main Supervisor
|
Impact Of Oil Price Shocks On Macroeconomic Variable In Malaysia.
Master
Completed
2012
Main Supervisor
|
Trade Liberalization, Economic Growth And Sustainable Development In Developing Countries.
Master
Completed
2011
Main Supervisor
|
Trade Evolution In Indonesia.
Master
Completed
2010
Main Supervisor
|
Efeects Of Macroeconomics Variables On Stock Prices.
Master
Completed
2010
Main Supervisor
|
Thailand-Australia Free Trade Agreement (Tafta) Impacts On Trade With Asean Countries.
Master
Completed
2010
Main Supervisor
|
Financial Crisis: Missing Link Between Finance And Real Economy.
Master
Completed
2010
Co-supervisor
|
The Impact Of The Terms Of The Trade Shocks On Malaysian Economy: A General Equilibrium Analysis.
Master
Completed
2008
Main Supervisor
|
The Impact Of The Terms Of The Trade Shocks On Malaysian Economy: A General Equilibrium Analysis.
Master
Completed
2008
Main Supervisor
|
Research Projects
Completed
2022 - 2023 | Consultancy to develop the National SDG Roadmap Phase II, 2021-2025 |
2021 - 2023 | Partnership for SDG Finance - Undertaking Development Finance Assessment and SDG Budgeting & Costing |
2018 - 2020 | PRINCIPLE OF MICROECONOMICS FROM ISLAMIC PERSPECTIVES |
2017 - 2017 | Longitudinal Analysis of Voting Pattern In Johore |
2015 - 2021 | Economic Stability and Income Distribution under Islamic and Conventional Financial System: A Macro-Finance Agent-Based Computational Model |
2014 - 2014 | Developing A Model of Maldives Islamic University and Strategic Plan |
2014 - 2017 | Key Determinants and the Price Transmission Processes of Food Price Inflation in Malaysia |
2013 - 2022 | Socio Economic Impact of Shari'ah Compliant Hospitality and Services on Malaysia and Muslim Communities |
2013 - 2016 | Exploring the Conceptual and Practical Dimensions of a 3 Sector Socio-Economic Transformation Model (3s SETM) for Malaysia |
2013 - | Islamic Economic Framework for Waqf: Lessons from History,Comparative Best Practices and Developing Contemporary Models |
2013 - 2013 | LAPORAN PETUNJUK SAINS, TEKNOLOGI DAN INOVASI (STI) 2013 |
2012 - 2017 | Current Higher Education Scenario and Implications to Malaysia (CHESI) |
2012 - 2017 | A Critical Assessment of PSPTN's Contribution to the Malaysian Economy |
2011 - 2013 | Challenges Of Implementing Real Money: A Case Of Kelantan (KVC:Book Edited Project 2011) |
2011 - 2014 | Growth, Distribution and Volatility of Income in An Interest and Non-Interest Based Economy: Agent Based Modeling (ABM) Approach |
2011 - 2016 | Exploring the Conceptual & Practical Dimensions of A 3 Sector Socio-Economic Transformation Model |
2009 - 2011 | Relationship between product varieties and Economics Growth- The case of Malaysia |
2008 - 2011 | Globalization, Trade Balance and Exchange Rate Regimes in Muslim Countries |
2007 - 2011 | Differences in Income Elasticities and Levels of Economic Development |
2007 - 2011 | Does The OIC Reduce Trade? |
- 2010 | Malaysian Science and Technology Indicators 2010 |
- 2008 | National Survey on Research & Development - 2008 report |
- 2014 | Kajian Unjuran Pelajar Akademik INSPEN |
On-Going
2025 - Present | Demographic transition and labour market reform: the role of digitalisation |
2023 - Present | Can Zakat, Waqf, Sadaqat, Baitul Maal Institutions be used to Protect Public Health? Proposition of an Integrated Model Using Analytic Hierarchy Process |
2023 - Present | Entrepreneurship Development Project (i-Taajir) 2.0 Cycle 1 |
2023 - Present | Entrepreneurship Development Project 2.0: Monitoring Participants' Progress |
2023 - Present | Kajian Penggunaan Standard Dan Pematuhan Di Dalam Organisasi Di Malaysia |
2023 - Present | KENMS-CIMBi Entrepreneurship Lab |
2023 - Present | Assessing Food Waste Minimization Behaviour of the Households Using Behavioural Economics' Tools and Maqasid Al-Shariah Perspectives - A Case of Klang Valley, Malaysia |
2012 - Present | Kajian Arah Aliran dan Unjuran Kemasukan Pelajar di Institusi Pengajian Tinggi (IPT) dari Negara-Negara OIC |
2009 - Present | The Impact of BRI Sukaramai Microfinance Programmes on Poverty Alleviation |
Awards & Recognition
01 Apr, 2019 | Fellow - Institut Masa Depan Malaysia | National |
Publications
Articles
Conference or Workshop Items
2018 | Efficiency evaluation: the case of tourism industry in Malaysia. In: International Business and Economic Conference Kedah (IBecK2018), |
2017 | Evolution of rural communities through homestay programs: A case study of Banghuris Homestay. In: 4th International Conference On Rural Development And Entrepreneurship (ICORE2017), |
2017 | Integrating Islamisation and virtue in iCGPA at IIUM. In: Integrated Cumulative Grade Point Average (iCGPA) International Conference 2017, |
2017 | Malaysia’s tourism demand: gravity model approach. In: Global Tourism Conference (GTC) 2017, |
2016 | Does the global Sukuk market offer any portfolio diversification opportunity for Indonesian investors?. In: International Seminar & The 2nd Journal of Islamic Monetary Economics and Finance Call for Papers 2016, |
2016 | Dynamic relations between sukuk and conventional bond markets: an analysis of international portfolio diversification. In: The 18th Malaysian Finance Association Annual Conference (MFAC) and 7th Islamic Banking, Accounting and Finance Conference 2016 (iBAF 2016), |
2016 | Examining price convergence behaviour between Peninsular Malaysia and Sabah & Sarawak: evidence for market integration. In: Persidangan Kebangsaan Ekonomi Malaysia ke 11, |
2016 | Identifying key drivers of food price inflation in Malaysia. In: Persidangan Kebangsaan Ekonomi Malaysia ke 11, |
2015 | The potential impact of Trans-Pacific Partnership Agreement (TPPA) on Malaysia's access to medicine. In: Academics World 2nd International Conference, |
2015 | The potential impact of Trans-pacific Partnership Agreement (TPPA) on Malaysia's trade. In: Academics World 2nd International Conference, |
2015 | Trade liberalization and foreign direct investment in Malaysia. In: 2nd International Conference on Commerce, Financial Markets & Corporate (ICCFMCG-2015), |
2014 | Third sector socio-economic models: how awaqf fits in?. In: 2014 Thematic Workshop on the Revival of Waqf for Socio Economic Development , |
2014 | Does inward FDI crowd-out domestic investment? evidence from Uganda . In: Global Conference on Business and Social Science, |
2011 | Malaysian science and technology indicators. In: IIUM Research, Invention and Innovation Exhibition (IRIIE) 2011, |
2011 | Oil price exposure to asset returns: a disaggregate analysis . In: International Conference on Economics, Trade and Development (ICETD) 2011, |
2011 | The challenges of implementing Gold Dinar in Kelantan: an empirical analysis. In: The 5th ISDEV International Islamic Development Management Conference , |
2011 | The determinants of non-tariff barriers in Malaysia’s manufacturing sector. In: 2011 International Conference on Economics and Business, |
2010 | The dynamics of trade variety and economic performance of ASEAN-5. In: IIUM Research, Innovation & Invention Exhibition (IRIIE 2010), |
2009 | Oil prices and Malaysia economy . In: Tenth International Business Research Conference, “Research for Change”, |
Books
2025 | Principles of microeconomics from Islamic perspectives. International Institute of Islamic Thought (IIIT) East and South-East Asia, ISBN: 978-629-97301-1-8 |
2021 | Sejahtera academic framework : humanising education for rahmatan lil ‘alamin post-COVID-19 disruptions. Office of Knowledge for Change and Advancement (KCA), IIUM, ISBN: 9789674670184 |
2018 | Islamic economics: principles & analysis. International Shari’ah Research Academy for Islamic Finance (ISRA), ISBN: 978-967-16568-2-2 |
2010 | Trade elasticities and economic growth: implications for trade policy. VDM Verlag Dr. Müller, ISBN: 978-3639281446 |
2010 | Trade elasticities and economic growth: implications for trade policy. VDM Verlag Dr. Müller, ISBN: 978-3639281446 |
Book Sections
2024 | Teaching alternative perspectives of microeconomics. In: Centre for Islamic Economics, IIUM & International Institute of Islamic Thought, ISBN: 978-967-2621-90-4, pp. 112-136 |
2024 | Teaching alternative perspectives of microeconomics. In: Centre for Islamic Economics, IIUM & International Institute of Islamic Thought, ISBN: 978-967-2621-90-4, pp. 112-136 |
2023 | Usrah in action: from vision to policy in creating platform for ACTS. In: Sejahtera Centre for Sustainability and Humanity, IIUM, ISBN: 978-967-19408-3-9, pp. 10-17 |
2020 | Undergraduate programme guidelines. In: Centre for Professional Development (CPD), International Islamic University Malaysia., ISBN: , pp. 9-14 |
2019 | Explorations in agent-based simulation: analysis of Gini Index after zakat enforcement under interest based system. In: Fiscal Policy Agency, Minister of Finance, The Republic of Indonesia, ISBN: 978-623-92103-0-4, pp. 2-19 |
2018 | Third sector socio-economic models: how Awaqf fits in?. In: IIUM Press, & Islamic Research and Training Institute (IRTI), ISBN: 978-967-418-398-1, pp. 478-503 |