IIUM Repository

Dr. Syed Marwan Mujahid Syed Azman

Assistant Professor

Institute of Islamic Banking and Finance (IIiBF)

Social Finance, Social Impact Bonds, SRI Sukuk, Social Impact Evaluation

Syed Marwan currently works at the International Islamic University Malaysia, Institute of Islamic Banking and Finance (IIiBF) as an Assistant Professor. Marwan does research in Socially Responsible Investment (SRI) Sukuk, Social Impact Bonds (SIB), Social Finance, Social Impact measurement, Islamic Economics, and Islamic Financial Systems. His most recent publication is "Alternative Financing Modes for Higher Learning Institutions in Malaysia: Socially Responsible Investment Ṣukūk, Social Impact Bonds, and Public-Private Partnerships", published by International Shari’ah Research Academy (ISRA), Malaysia

ACADEMIC BACKGROUND 1. PhD, International Islamic University Malaysia (IIUM), Institute of Islamic Banking and Finance (IIiBF). (2014-2018) •Research area in Social Impact Bonds, Islamic Social Finance, social impact, and SRI sukuk. •Thesis entitled: “An Exploratory Study on Shari’ah-compliant Social Impact Bonds in Malaysia: Stakeholders’ Perspective” 2. Chartered Islamic Finance Professional (CIFP), International Centre for Education in Islamic Finance (INCEIF). (2011-2013) •Postgraduate certification, equivalent to Masters, fully accredited by MQA. •10 A’s (CGPA: 3.714). 3. Bachelor of Commerce, The University of Melbourne, Melbourne, Australia. (2009-2011) •Majors in Economics and Finance.

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Latest Additions

  1. Syed Azman, Syed Marwan Mujahid and Ismail, Suhaiza and Haneef, Mohamed Aslam and Engku Ali, Engku Rabiah Adawiah (2022) An empirical comparison of sustainable and responsible investment sukuk, social impact bonds and conventional bonds. ISRA International Journal of Islamic Finance. ISSN 2289-4365 (In Press)
  2. Syed Azman, Syed Marwan Mujahid and Syed Jaafar Alhabshi, Syed Musa and Redzuan, Nur Harena (2022) A proposal for social impact measurement framework for digital banks in Malaysia. In: 2nd Karatay International Conference on Islamic Economics and Finance (KARCIEF 2022), 17-18 June 2022, Turkey and Hybrid. (Unpublished)
  3. Syed Azman, Syed Marwan Mujahid (2021) Mother T.I.G.E.R leadership. In: Charting the course beyond the Horizon: how to uplift your team and transform your organization. Penerbit UTeM Press, Melaka, pp. 181-190. ISBN 978-967-2454-70-0
  4. Saffa, Siti and Syed Azman, Syed Marwan Mujahid (2021) Misconception Of Zakat And Distributive Justice In Islam: Case Study Of Zakat Institutions In Malaysia. In: 9th ASEAN Universities International Conference on Islamic Finance, 17-19 November 2021, Royal Ambarrukmo Hotel, Yogyakarta, Indonesia. (Unpublished)
  5. Syed Azman, Syed Marwan Mujahid and Haneef, Mohamed Aslam and Engku Ali, Engku Rabiah Adawiah and Ismail, Suhaiza (2021) Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk. In: Pembinaan tamadun melalui industri patuh Syariah Volum 1: Ekonomi, kewangan dan pengurusan patuh Syariah. Kolej Profesional Baitulmal Kuala Lumpur (KPBKL), pp. 350-362. ISBN 9789671684337
  6. Wan Fakhruddin, Wan Farah Wani and Shukor, Siti Shuhaida and Mad Nordin, Mariam Firdhaus and Ghazali, Masitah and Abdul Rahman, Abdul Rahimi and Norizan, Mohd Natashah and Zanudin, Asfarina and Talib, Muhamad Lazim and Abdul Razak, Fatimah and Israr Ahmad, Haris Ahmad and Shahidan, Norshazila and Iberahim, Nurul Aqilah and Mohamed Sultan, Suhana and Mohammad, Nurul Farahain and Syed Azman, Syed Marwan Mujahid and Mat Isa, Nurulfiza and Jamaludin, Ummu Kulthum and Sarchio, Seri Narti Edayu and Wan Ismail, W Omar Ali Saifuddin and Ahmad Sobr, Sharizal (2021) Strengthening government-university-industry and community collaboration. Penerbit UMT, Universiti Malaysia Terengganu, Malaysia. ISBN 978-967-2939-59-7
  7. Jasir Mohtesham, Mohammed Meeran and Syed Azman, Syed Marwan Mujahid and Hai, Abdul and Shahid, Mohd (2021) An assessment of using sukuk for waqf property development in India. Journal of Islamic Finance, 10 (1 (Special Issue)). pp. 85-91. ISSN 2289-2109 E-ISSN 2289-2117
  8. Allen, Kelly-Anne and Svendsen, Gert Tinggaard and Syed Azman, Syed Marwan Mujahid and Arslan, Gökmen (2021) Trust and belonging in individual and organizational relationships. In: Strategic corporate communication in the digital age. Emerald Publishing Limited, pp. 19-31. ISBN 978-1-80071-265-2
  9. Syed Azman, Syed Marwan Mujahid and Nordin, Ikmal and Ng, Ming Yang (2020) Traversing the tightrope: the socio-economic impact of covid-19 & reform of social protection policies in Malaysia. Friedrich-Ebert-Stiftung Publication. pp. 1-45.
  10. Syed Azman, Syed Marwan Mujahid and Haneef, Mohamed Aslam and Engku Ali, Engku Rabiah Adawiah and Ismail, Suhaiza (2020) Critical success factors of implementing SRI sukuk for economic recovery post-Covid-19 pandemic. In: International Conference on Islamic Social Finance: Pandemic Crisis and Possible Solutions (ISFPCPS 2020), 29th -30th September 2020, Gombak, Kuala Lumpur. (Unpublished)
  11. Syed Azman, Syed Marwan Mujahid and Haneef, Mohamed Aslam and Engku Ali, Engku Rabiah Adawiah and Ismail, Suhaiza (2020) Old wine in a shariah-compliant bottle?: an empirical comparison of SRI sukuk, social impact bonds, and conventional bonds. In: 8th ASEAN Universities International Conference on Islamic Finance (8th AICIF) 2020, 24th-26th November 2020, Bogor, Indonesia. (Unpublished)
  12. Jasir Mohtesham, Mohammed Meeran and Syed Azman, Syed Marwan Mujahid and Hai, Abdul (2021) The potential development of waqf in India post-Covid-19: a SWOT-TOWS analysis. In: Handbook of research on Islamic social finance and economic recovery after a global health crisis. IGI Global, Pennsylvania, United States, pp. 1-27. ISBN 9781799868118 (In Press)
  13. Syed Azman, Syed Marwan Mujahid and Mohd. Zain, Nor Razinah and Engku Ali, Engku Rabiah Adawiah and Haneef, Mohamed Aslam (2021) Funding Covid-19 economic stimulus through Islamic social finance: a proposal for impact-waqf SRI sukuk. In: Handbook of research on Islamic social finance and economic recovery after a global health crisis. IGI Global, Pennsylvania, United States, pp. 1-15. ISBN 9781799868118 (In Press)
  14. Syed Azman, Syed Marwan Mujahid and Haneef, Mohamed Aslam and Engku Ali, Engku Rabiah Adawiah and Ismail, Suhaiza (2019) Critical success factors of implementing shari’ah-compliant social impact bonds in Malaysia: a survey of stakeholders. In: Social Outcomes Conference 2019, 5th-6th September 2019, Oxford, United Kingdom. (Unpublished)
  15. Kassim, Salina and Engku Ali, Engku Rabiah Adawiah and Syed Azman, Syed Marwan Mujahid and Satar, Norizan and Che Haron, Roziha (2019) The potential of sustainable and responsible investment (SRI) sukuk as a funding mechanism for affordable housing in Malaysia. In: Social Outcomes Conference 2019, 5th-6th September 2019, Oxford, United Kingdom. (Unpublished)
  16. Syed Azman, Syed Marwan Mujahid and Haneef, Mohamed Aslam and Engku Ali, Engku Rabiah Adawiah and Ismail, Suhaiza (2019) Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk. In: Proceeding of 7th ASEAN Universities International Conference on Islamic Finance (AICIF) 2019, 3rd -4th December 2019, Indonesia. (Unpublished)
  17. Syed Azman, Syed Marwan Mujahid and Engku Ali, Engku Rabiah Adawiah (2019) Islamic social finance and the imperative for social impact measurement. Al-Shajarah: Journal of The International Institute of Islamic Thought and Civilization (ISTAC), Special Issue: Islamic Banking and Finance. pp. 43-68. ISSN 1394-6870
  18. Syed Azman, Syed Marwan Mujahid and Haneef, Mohamed Aslam (2019) Does doing good pay off? Social impact bonds and lessons for Islamic finance to serve the real economy. Islamic Economic Studies, 27 (1). pp. 23-37. ISSN 1319-1616
  19. Engku Ali, Engku Rabiah Adawiah and Kassim, Salina and Syed Jaafar Alhabshi, Syed Musa and Hassan, Rusni and Hasan, Aznan and Syed Azman, Syed Marwan Mujahid (2015) Identifying critical factors towards building a viable sadaqa house model in Malaysia. In: Sadaqah House Seminar, Menara Bank Islam. (Unpublished)
  20. Syed Azman, Syed Marwan Mujahid and Engku Ali, Engku Rabiah Adawiah (2016) The Potential of Innovative Financial Tools: Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk, Towards The Sustainable Growth of The Islamic Finance Industry. European Journal of Islamic Finance, 4 (2016). pp. 1-8. ISSN 2421-2172

Most Viewed Items

Item titleViews
1A proposal for social impact measurement framework for digital banks in Malaysia580
2An empirical comparison of sustainable and responsible investment sukuk, social impact bonds and conventional bonds573
3Identifying critical factors towards building a viable sadaqa house model in Malaysia460
4Funding Covid-19 economic stimulus through Islamic social finance: a proposal for impact-waqf SRI sukuk440
5Academic freedom and educational responsibility in malaysian higher institutions of learning436
6Does doing good pay off? Social impact bonds and lessons for Islamic finance to serve the real economy435
7Critical success factors of implementing SRI sukuk for economic recovery post-Covid-19 pandemic424
8The potential of sustainable and responsible investment (SRI) sukuk as a funding mechanism for affordable housing in Malaysia404
9Critical success factors of implementing shari’ah-compliant social impact bonds in Malaysia: a survey of stakeholders404
10Traversing the tightrope: the socio-economic impact of covid-19 & reform of social protection policies in Malaysia395
11Sustainable and responsible investment (SRI):trends and prospects390
12Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk389
13Old wine in a shariah-compliant bottle?: an empirical comparison of SRI sukuk, social impact bonds, and conventional bonds385
14The Potential of Innovative Financial Tools: Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk, Towards The Sustainable Growth of The Islamic Finance Industry365
15Islamic social finance and the imperative for social impact measurement354
16Social impact bonds in light of maqasid al-shari‘ah and maslahah344
17The potential development of waqf in India post-Covid-19: a SWOT-TOWS analysis317
18Trust and belonging in individual and organizational relationships302
19Strengthening government-university-industry and community collaboration219
20An assessment of using sukuk for waqf property development in India214
21Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk201
22Misconception Of Zakat And Distributive Justice In Islam: Case Study Of Zakat Institutions In Malaysia149
23Mother T.I.G.E.R leadership130