Staff Directory
Academic Qualifications
- Ph.D in Economics - Doctor of Philosophy, Carleton University
- Master of Arts (Economics) - Masters Degree, Carleton University, Ottawa
- Islamic Revealed Knowledge - Bachelor Degree, International Islamic University Malaysia
- Finance - Bachelor Degree, International Islamic University Malaysia
Muhammad Irwan Bin Ariffin (Assoc. Prof. Dr.)
Associate Professor
IIUM Gombak Campus
KULLIYYAH OF ECONOMICS AND MANAGEMENT SCIENCES
Other's position:
Director, Office of Knowledge for Change & Advancement
irwan@iium.edu.my
4042
Expert Profile
Muhammad Irwan Ariffin is an associate professor at the Department of Economics, Kulliyyah of Economics and Management Sciences, IIUM. He was conferred the double-degree Bachelor of Economics (Honours) and Bachelor of Islamic Revealed Knowledge and Heritage (Honours) by IIUM in 2004. He received the Best Student in Economics (Academic) Award during his convocation. Upon graduation, he joined the Department of Economics, IIUM, as an Assistant Lecturer. He went to pursue his M.A. and Ph.D in Economics at Carleton University, Canada, from 2006 to 2014 under the financial sponsorship of the Ministry of Education of the Government of Malaysia and IIUM. During this time, he was a teaching assistant and received several awards from Carleton University due to his excellent academic performance. In 2012, the Royal Commonwealth Society of Ottawa awarded him the Arnold Smith Commonwealth Scholarship for being the best student from a Commonwealth country. Since February 2015, he has been teaching at the Department of Economics and a Research Fellow at the Centre for Islamic Economics, IIUM.
Professional Membership
- 2017 - 2017 : Member of Profesional Body / Association: (Affiliate Researcher), CENTRIS IIUM
- 2025 - 2027 : Member of Profesional Body / Association: (Ahli), Majlis Pengurusan Kualiti Universiti Awam (MPQ-UA)
Teaching Responsibilities
| ADVANCED STATISTICAL & MULTIVARIATE METHODS | 2025/2026 2024/2025 |
| BUSINESS ECONOMICS | 2022/2023 2021/2022 2020/2021 |
| BUSINESS MATHEMATICS | 2019/2020 2017/2018 2008/2009 |
| ECONOMICS FOR MANAGERS | 2022/2023 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 |
| ECONOMICS FOR SUSTAINABLE BUSINESS | 2023/2024 2022/2023 |
| ECONOMICS OF ISLAMIC SOCIAL FINANCE | 2024/2025 |
| ECONOMICS OF ZAKAT | 2023/2024 2022/2023 |
| FIQH FOR ECONOMIST II | 2019/2020 2018/2019 |
| FIQH FOR ECONOMISTS I | 2018/2019 2017/2018 |
| FOUNDATION OF ISLAMIC ECONOMICS | 2023/2024 2022/2023 2021/2022 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 |
| INTERMEDIATE MACROECONOMICS I | 2020/2021 2015/2016 |
| INTERMEDIATE MICROECONOMICS I | 2025/2026 |
| INTERMEDIATE MICROECONOMICS II | 2024/2025 2023/2024 |
| ISSUES IN ISLAMIC ECONOMICS | 2024/2025 |
| MACROECONOMIC THEORY | 2020/2021 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 |
| MALAYSIAN ECONOMY | 2025/2026 2022/2023 2021/2022 |
| MICROECONOMICS | 2025/2026 2024/2025 2023/2024 2021/2022 2020/2021 2019/2020 |
| MONEY AND BANKING | 2008/2009 |
| OBJECTIVES OF SHARI'AH | 2022/2023 2017/2018 2016/2017 |
| PRINCIPLES OF MACROECONOMICS | 2008/2009 |
| PRINCIPLES OF MICROECONOMICS | 2021/2022 2020/2021 |
| PUBLIC FINANCE | 2021/2022 2020/2021 |
| PUBLIC FINANCE AND POLICY | 2024/2025 |
| STATISTICAL METHODS | 2014/2015 2008/2009 |
| USRAH IN ACTION 1 | 2023/2024 |
| USRAH IN ACTION 2 | 2023/2024 |
Supervision
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Trade And Intra-Regional Trade, Foreign Direct Investment - Economic Growth Nexuses In The Arab Maghreb Union: The Moderating Role Of Institutional Quality.
Ph.D
Completed
2025
Main Supervisor
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Alignment Of Banking Sector Towards A Sustainable Economy: The Case Of Bangladesh.
Ph.D
Completed
2024
Supervisor Supervisory Committee
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An Analysis Of Debt Behavior Among The Young Muslims In Malaysia: The Bridging Role Of Islamic Banking And Finance.
Ph.D
Completed
2023
Main Supervisor
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The Effect Of The Digital Divide And Technological Embeddedness On Computer Ownership - An Empirical Study Based On Households In Kuala Lumpur.
Ph.D
Completed
2023
Co-supervisor
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The Nexus Between Income Inequality, Environmental Degradation And Health Outcome Among Asean-6 Countries.
Ph.D
Completed
2023
Co-supervisor
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Determinants Of Environmental Quality, Economic Growth And Poverty In Sub-Saharan Africa Countries.
Ph.D
Completed
2022
Supervisor Supervisory Committee
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The Effect Of Trade Logistics On Exports, Margin Of Trade And Vertical Specialisation: The Case Of Thailand.
Ph.D
Completed
2022
Supervisor Supervisory Committee
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Essays On Economics Outcomes Of Maritime Piracy For The Fishing Industry And Fishermen In Somalia.
Ph.D
Completed
2022
Supervisor Supervisory Committee
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Effect Of Fertility Rate On Female Labor Participation And Economic Growth In Selected Asian Countries.
Ph.D
Completed
2022
Co-supervisor
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Waqf Management And Fund Raising: A Study On Waqf-Based Pasantrens In Indonesia
.
Ph.D
Completed
2022
Co-supervisor
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Assessing Demand, Efficiency And Impact Of Tourism Industry In Malaysia.
Ph.D
Completed
2020
Member Supervisory Committee
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The Role Of Financial Development And Monetary Policy On Sector-Wise Of Economic Growth In Bangladesh.
Ph.D
Completed
2019
Main Supervisor
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The Role Of Zakat In Poverty Alleviation And Income Inequality Reduction: A Case Study Of West Java, Indonesia
.
Ph.D
Completed
2019
Co-supervisor
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An Analysis Of The Resilience Of Islamic Banking In Indonesia.
Ph.D
Completed
2018
Co-supervisor
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Examining The Sources Of Inflation In Saudi Arabia.
Ph.D
Completed
2017
Co-supervisor
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Affects Of Industrial Concentration On Economic Growth In Tanzania.
Ph.D
In Progress
Main Supervisor
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The Influence Of Literacy And Knowledge On Cash Waqf Decision Among Millennials Generation: The Mediating Roles Of Religiosity In Siak Sri Indrapura.
Ph.D
In Progress
Main Supervisor
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Digital Trust And Adoption Of Islamic Fintech Among Malaysian Generation Z: An Economic Behaviour Study.
Ph.D
In Progress
Main Supervisor
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The Theoretical And Philosophical Foundations Of Islamic Microeconomics.
Ph.D
In Progress
Co-supervisor
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Housing Costs, Economic Development, And Fertility: Evidence From Selected Oecd Countries.
Master
In Progress
Main Supervisor
|
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Training And Development And Job Satisfaction On Gen Z Employee Retention In Indonesia..
Master
In Progress
Co-supervisor
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Research Projects
Completed
| 2023 - 2025 | Public Finance from Islamic Perspective |
| 2021 - 2023 | Partnership for SDG Finance - Undertaking Development Finance Assessment and SDG Budgeting & Costing |
| 2019 - | Review of Influential Works in Islamic Economics |
| 2016 - 2019 | Debt and Indebtness in the Hadith Literature: The Severity, Rights and Responsibilities |
| 2015 - 2019 | Acquirement of Consumer Perception on the Ethicality and Islamicness of Islamic Finance Products and Services |
| 2015 - 2019 | Principle of Economics in Sahih Al Bukhari |
| 2013 - 2022 | Socio Economic Impact of Shari'ah Compliant Hospitality and Services on Malaysia and Muslim Communities |
On-Going
| 2025 - Present | Micro-credential course development -Islamic Economics |
| 2025 - Present | Toward a Maqasid-Based Peer-to-Peer Energy Trading Framework in Malaysia |
| 2025 - Present | Kajian Penggubalan Rang Undang-Undang Infrastruktur Digital Negara |
| 2023 - Present | Contemporary Corporate Practices from the Perspective of Islamic Ethics |
| 2022 - Present | Maqasid Shariah for Economists |
| 2019 - Present | DEVELOPING A CIRCULAR ECONOMIC MODEL BASED MAQASID AL-SHARIAH FRAMEWORK FOR ENVIRONMENTAL SUSTAINABILITY |
Awards & Recognition
| 13 Aug, 2025 | Academic Media Presence Award - Kulliyyah of Economics and Management Sciences | KCDIO |
| 13 Aug, 2025 | Academic Media Presence Award - Kulliyyah of Economics and Management Sciences | KCDIO |
| 17 Jul, 2024 | Community Engagement Award - Kulliyyah of Economics and Management Sciences | KCDIO |
| 27 Jul, 2023 | Active Researcher Award - Kulliyyah of Economics and Management Sciences | KCDIO |
| 27 Jul, 2023 | Merit Award for Scholarship of Integration and Islamisation - Kulliyyah of Economics and Management Sciences | KCDIO |
| 21 Jun, 2022 | Most Promising Academic Award - Kulliyyah of Economics and Management Sciences | KCDIO |
| 21 Jun, 2022 | Murabbi Award - Kulliyyah of Economics and Management Sciences | KCDIO |
Publications
Articles
Conference or Workshop Items
| 2023 | Exploring the nexus: materialism value scales, TPB constructs, and debt intentions among young Malaysian Muslims. In: Terengganu International Business and Economics Conference 2023 (TiBÉC VIII), |
| 2023 | Teaching Intermediate Macroeconomics with Islamic inputs: the IIUM Experience. In: Workshop on Teaching Macroeconomics from Islamic Perspective, |
| 2021 | Western materialism and Islamic religiosity: a genuine or false compatibility?. In: Terengganu International Business and Economics Conference 2021 (TiBÉC VII), |
| 2020 | Mercy to the worlds. In: IIUM Library Ibadah Camp 2020, |
| 2020 | Respect. In: IIUM Library Ibadah Camp 2020, |
| 2019 | Maqasid al-Shariah and humanizing education. In: National Education Philosophy - Department of Accounting Staff Development Program 1/2019, |
| 2019 | Maqasid Al-Shariah and sustainable development. In: Islamic Economics Training Camp 2019, |
| 2019 | Teaching of heritage in Islamic economics program at International Islamic University Malaysia. In: Workshop on Islamic Economics Curriculum and Related Disciplines, |
| 2018 | Efficiency evaluation: the case of tourism industry in Malaysia. In: International Business and Economic Conference Kedah (IBecK2018), |
| 2018 | Indebtedness among young Muslims in Malaysia: review of the extant literature. In: 3rd International Social Science Conference, Islamic Thought and Understanding (ISSCITU) 2018, |
| 2018 | Maqasid Al-shariah dan strategi penjagaan pesakit. In: Islamic Jurisprudence in Medicine Seminar, |
| 2018 | Teaching macroeconomics from Islamic perspective. In: Workshop on ‘Teaching of Islamic Economics" International Islamic University Malaysia, |
| 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 | Malaysia’s tourism demand: gravity model approach. In: Global Tourism Conference (GTC) 2017, |
| 2017 | Maqasid Al-Shariah dan aplikasinya dalam perubatan. In: Islamic Medical Association of Malaysia (IMAM) 19th Annual Scientific Conference 2017, |
| 2017 | Teaching Islamic heritage at Department of Economics, Kulliyyah of Economics and Management Sciences, IIUM. In: Workshop on Islamic Economics, Management and Accounting Curriculum (WIEMAC) 2017, |
| 2017 | The impact of currency fluctuations on palm oil exports. In: MPOB International Palm Oil Congress (PIPOC) 2017: Global Economics and Marketing (GEM) Conference, |
| 2017 | The role of zakat for poverty alleviation and income inequality reduction. In: 3rd International Islamic Monetary Economics and Finance Conference (IIMEFC), |
| 2017 | Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions. In: 3rd International Islamic Monetary Economics and Finance (IIMEFC) 2017, |
| 2016 | Individual decision making: preference and choice. In: International Workshop on Fundamental Concepts of Islamic Economics: Concept of Consumption in Islamic Perspective, |
| 2015 | Teaching macroeconomics from Islamic perspective: The case of IIUM postgraduate students. In: 4th Workshop on Islamic Economics Curriculum: Teaching of Macroeconomics from the Islamic Perspectives in Southeast Asian Universities, |
| 2005 | Towards the expediency and leniency of Islamic finance through Islamic micro credit financing. In: Seminar Ekonomi dan Kewangan Islam (SEKI'05), |
Books
| 2018 | Islamic economics: principles & analysis. International Shari’ah Research Academy for Islamic Finance (ISRA), ISBN: 978-967-16568-2-2 |
Book Sections
| 2025 | Learning from the romans: prophetic-era insights for reconstructing Islamic civilization. In: Sejahtera Consumerism, KENMS, IIUM, ISBN: 978-967-26351-8-5, pp. 17-28 |
| 2024 | Fundamentals of producer and consumer behaviours in Islamic microeconomics. In: Centre for Islamic Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia & International Institute of Islamic Thought, ISBN: 9789672621904, pp. 71-93 |
| 2021 | Sejahtera heart and spirituality: lessons from selected hadiths. In: Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, ISBN: 978-967-2621-92-8, pp. 68-81 |
| 2021 | Sejahtera heart and spirituality: lessons from selected hadiths. In: Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, ISBN: 978-967-2621-92-8, pp. 68-81 |
| 2021 | Sejahtera leadership: an Islamic economics reflection based on Verse 165 of Surah Al-An'am. In: Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, ISBN: 978-967-2621-94-2, pp. 10-21 |
| 2021 | Sejahtera leadership: an Islamic economics reflection based on Verse 165 of Surah Al-An'am. In: Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, ISBN: 978-967-2621-94-2, pp. 10-21 |
| 2021 | The Importance of Incentives to Sustain Voluntary Projects. In: Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, ISBN: 978-967-26219-1-1, pp. 119-129 |
| 2021 | The Importance of Incentives to Sustain Voluntary Projects. In: Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, ISBN: 978-967-26219-1-1, pp. 119-129 |
| 2018 | Indebtedness among young Muslims in Malaysia: review of the extant literature. In: IIUM Press, International Islamic University Malaysia, ISBN: 978-967-491-008-2, pp. 337-357 |
| 2009 | Ke arah pembangunan ekonomi seimbang dan komprehensif: falsafah dan cabaran. In: Yayasan Ilmuwan, ISBN: 9789834437213, pp. 203-231 |
| 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 |
Monograph
| 2024 | MALAYSIA Recommendations for an Integrated National Financing Framework. In: , |
| 2024 | Malaysia: development finance assessment. In: United Nations Development Programme Malaysia, Singapore and Brunei Darussalam, |