Staff Directory


Farihana Binti Shahari

Academic Qualifications

  • Doctor of Philosophy in Islamic Finance - Doctor of Philosophy, Universiti Malaya (UM)
  • Master of Science (Finance) - Masters Degree, International Islamic University Malaysia

Farihana Binti Shahari (Dr.)

Assistant Professor
IIUM Gombak Campus

KULLIYYAH OF ECONOMICS AND MANAGEMENT SCIENCES

farihana_shahari@iium.edu.my
4673


Expert Profile


Farihana Shahari obtained her Bachelor of Economics (Honors) and Master of Science (Finance) from International Islamic University Malaysia (IIUM), while she completed her Ph.D. from University Malaya specializing in Islamic finance. Upon completion of her Ph.D., she joined IIUM in 2017 as an Assistant professor. She has published several articles in different indexed journals including Empirical Economics and International Journal of Managerial Finance. Her research interest includes Islamic banking and finance, capital markets and micro-finance.


Area of Specialisation


  • Economics, Business And Management ~ Economics, Business And Management ~ Islamic Finance ~ Islamic Banking


Teaching Responsibilities


BUSINESS ECONOMICS 2025/2026 2017/2018
BUSINESS MATHEMATICS 2013/2014 2011/2012
ECONOMICS FOR FINANCE 2025/2026
FINANCIAL MANAGEMENT II 2020/2021 2016/2017
FINANCIAL MARKETS AND INSTITUTIONS 2024/2025 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
FINANCIAL POLICIES 2023/2024
FOUNDATION OF ISLAMIC FINANCE 2024/2025 2022/2023 2018/2019 2017/2018 2016/2017
INDUSTRIAL TRAINING 2025/2026 2024/2025 2023/2024
INTERMEDIATE FINANCIAL MANAGEMENT 2025/2026 2024/2025 2023/2024 2021/2022
INTRODUCTION TO FINANCIAL MARKETS AND INSTITUTIONS 2025/2026
ISLAMIC MONEY & PAYMENT SYSTEMS 2023/2024 2021/2022 2020/2021 2019/2020 2018/2019 2017/2018 2016/2017
MANAGERIAL FINANCE 2023/2024
MONEY, BANKING AND CAPITAL MARKETS 2020/2021 2019/2020
PRACTICAL TRAINING 2025/2026 2024/2025
STATISTICAL METHODS 2012/2013 2011/2012


Supervision


The Potential Of Use Blockchain In Waqf.
Master Completed 2023 Co-supervisor
Comparative Study Of Customers' Perception On Personal Financing Between Islamic And Conventional Banks: A Case Of Bangladesh.
Master Completed 2022 Main Supervisor
Determinants Of Malaysian Islamic Banks' Profitability: A Comparative Study Between Wholesome Islamic Banks And Islamic Banking Subsidiaries.
Master Completed 2020 Main Supervisor
The Effect Of Political Events On Stock Returns In Bangladesh.
Master Completed 2019 Co-supervisor
The Effectiveness Of Islamic Green Financing In Supporting Malaysia’S Economic And Environmental Goals.
Master In Progress Main Supervisor
Factors Influencing Public Preferences For Digital Zakat Platforms.
Master In Progress Co-supervisor


Research Projects


Completed
2019 - 2022 The Implications of Fintech Development on the Financial Industry in France and Malaysia: A Game Theory Approach
2019 - 2021 Theoretical and Practical Underpinning of Credit Risk in Profit and Loss Sharing (PLS) - Based Financing Instruments: The Case of Islamic Banks
On-Going


Publications


Articles

2025 Capital mobility between ASEAN+3 and the US: an analysis of saving-investment relationship. International Journal of Economics and Financial Issues, 15 (3) pp. 110-123
2025 Fiscal decentralization: a survey on its impact on economic growth and its challenges. International Journal of Research and Innovation in Social Science, 9 (8) pp. 2457-2475
2024 'Sarawak first: key to stronger Malaysia. Malaysiakini, 31 Aug 2024 () pp.
2021 Does the US influence ASEAN+3 equity market integration?. Journal of Financial Economic Policy, () pp. 1-23
2021 Perkasakan sistem bantu generasi 'sandwic' B20. BH Online, 10 Jun 2021 () pp.
2020 A conceptual model of depositors’ trust and loyalty on hajj institution - case of Lembaga Tabung Haji Malaysia. International Review of Management and Marketing, 10 (1) pp. 99-106
2020 A conceptual model of depositors’ trust and loyalty on hajj institution - case of Lembaga Tabung Haji Malaysia. International Review of Management and Marketing, 10 (1) pp. 99-106
2020 Can profit and loss sharing (PLS) financing instruments reduce the credit risk of Islamic banks?. Empirical Economics, Early access () pp. 1-18
2019 Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors?. Review of Pacific Basin Financial Markets and Policies, 22 (1) pp.
2019 The nexus between Asian and US short-term financing rate. Managerial Finance, 45 (12) pp. 1653-1579
2018 Determinants to influence the credit risk of global Islamic Banks: application of static models. The Empirical Economics Letters, 17 (12) pp. 1535-1541
2017 Does economic growth in Malaysia depend on disaggregate energy. Renewable and Sustainable Energy Reviews, 78 () pp. 640-647
2017 Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets?. International Journal of Applied Economics, 31 (1) pp. 108-125
2017 Testing the validation of the financial cooperation agreement among ASEAN+3 stock markets. International Journal of Emerging Markets, 12 (3) pp. 572-592
2017 The interdependent relationship between sectoral productivity and disaggregated energy consumption in Malaysia: Markov Switching approach. Renewable and Sustainable Energy Reviews, 67 () pp. 752-759
2017 The nexus between financial integration and real economy: Solow-growth model concept. Research in International Business and Finance, 42 () pp. 1244-1253
2016 Efficient energy consumption in industrial sectors and its effect on environment: A comparative analysis between G8 and Southeast Asian emerging economies. Energy, 97 () pp. 82-89
2015 Does financial cooperation agreement influence the real economy?: A GMM panel data approach on ASEAN+3 countries. DLSU Business & Economics Review, 24 (2) pp. 65-76
2015 Investigation of the expected loss of sharia credit instruments in global Islamic banks. International Journal of Managerial Finance, 11 (4) pp. 503-512
2015 Long-run relationship between sectoral productivity and energy consumption in Malaysia: An aggregated and disaggregated viewpoint. Energy, 86 () pp. 436-445
2015 Stability in ASEAN+3 exchange markets: An EGARCH-M approach. WSEAS Transactions on Business and Economics, 12 () pp. 426-431
Conference or Workshop Items

2019 Does equity-based financing improve the performance of banking institutions: a case of Islamic banks?. In: 19th Kuala Lumpur International Business, Economics and Law Conference,