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 serves as an Assistant Professor and ICT Coordinator at the Institute of Islamic Banking and Finance (IIiBF), within the International Islamic University Malaysia (IIUM). He earned his Degree of Commerce, majoring in Economics & Finance, from the University of Melbourne, before achieving his Chartered Islamic Finance Professional (CIFP) qualification at the International Centre for Education in Islamic Finance (INCEIF). He completed his PhD at IIiBF, focusing his research on Social Impact Bonds. His professional journey in the finance industry includes roles such as an Analyst at Kuwait Finance House Research in 2013 and participation in an industrial attachment through the CEO@Faculty fellowship program at Maybank Group, under the guidance of its CEO of Human Capital dmore...

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.

Profile Picture

Latest Additions

  1. Zain, Nor Syahirah and Hassan, Rusni and Syed Azman, Syed Marwan Mujahid (2023) Social impact measurement as a tool of governance and accountability for waqf organisations. International Journal of Islamic Economics and Finance Research (1 Special Issue). pp. 132-148. E-ISSN 2636-9419
  2. Syed Azman, Syed Marwan Mujahid and Ismail, Suhaiza and Engku Ali, Engku Rabiah Adawiah and Haneef, Mohamed Aslam (2023) Factors influencing intention to invest in Shariah-compliant social impact bonds in Malaysia. Journal of Islamic Accounting and Business Research. pp. 1-21. ISSN 1759-0817 (In Press)
  3. Misman, Siti Nursyawani and Mohd Salimin, Mohd Ariff and Farjan Ali, Rahimah and Adnan, Ieman Huda and Kassim, Salina and Syed Azman, Syed Marwan Mujahid (2023) Addressing negative spillover effects of overcrowding in Malaysian prisons: can Islamic financial institutions play a role? In: Islamic Sustainable Finance, Law and Innovation: Opportunities and Challenges. Contributions to Management Science (1). Springer, Cham, pp. 323-333. ISBN 978-3-031-27859-4
  4. Syed Azman, Syed Marwan Mujahid (2022) Coming together: a comprehensive overview of the transdisciplinary perspectives of school belonging. In: Handbook of Positive Psychology in Schools. Educational Psychology Handbook Series (3rd edition). Routledge, New York, USA, pp. 246-266. ISBN 9780367855864
  5. Syed Azman, Syed Marwan Mujahid and Ismail, Suhaiza and Haneef, Mohamed Aslam and Engku Ali, Engku Rabiah Adawiah (2022) Critical success factors of implementing sustainable and responsible investment (SRI) Sukuk for economic recovery from COVID-19 pandemic. Journal of Economic and Administrative Sciences. pp. 1-21. ISSN 1026-4116
  6. Mohtesham, Mohammed Meeran Jasir and Syed Azman, Syed Marwan Mujahid (2023) Social impact measurement of Waqf: case study of Waqf organisations in Karnataka, India. AZKA International Journal Of Zakat & Social Finance (AZJAF), 4 (2). pp. 199-218. ISSN 2735-1890 E-ISSN 2716-6643
  7. Syed Azman, Syed Marwan Mujahid and Noordin, Nazrul Hazizi (2023) KWSP bersasar perlu ikut Islam. Utusan Malaysia, 20 Mar 2023.
  8. Syed Azman, Syed Marwan Mujahid and Noordin, Nazrul Hazizi (2023) Kawal pengeluaran caruman KWSP elak implikasi jangka panjang. Berita Harian, 20 Mar 2023. p. 12.
  9. 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, 14 (3). pp. 256-273. ISSN 2289-4365
  10. 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)
  11. 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
  12. 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)
  13. 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
  14. 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
  15. 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
  16. 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
  17. 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.
  18. 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)
  19. 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)
  20. 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)

Most Viewed Items

Item titleViews
1An empirical comparison of sustainable and responsible investment sukuk, social impact bonds and conventional bonds898
2A proposal for social impact measurement framework for digital banks in Malaysia800
3Critical success factors of implementing SRI sukuk for economic recovery post-Covid-19 pandemic756
4Identifying critical factors towards building a viable sadaqa house model in Malaysia726
5Academic freedom and educational responsibility in malaysian higher institutions of learning719
6Funding Covid-19 economic stimulus through Islamic social finance: a proposal for impact-waqf SRI sukuk719
7The potential of sustainable and responsible investment (SRI) sukuk as a funding mechanism for affordable housing in Malaysia686
8Traversing the tightrope: the socio-economic impact of covid-19 & reform of social protection policies in Malaysia673
9Sustainable and responsible investment (SRI):trends and prospects672
10Does doing good pay off? Social impact bonds and lessons for Islamic finance to serve the real economy666
11Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk645
12Old wine in a shariah-compliant bottle?: an empirical comparison of SRI sukuk, social impact bonds, and conventional bonds630
13Islamic social finance and the imperative for social impact measurement628
14Critical success factors of implementing shari’ah-compliant social impact bonds in Malaysia: a survey of stakeholders624
15The Potential of Innovative Financial Tools: Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk, Towards The Sustainable Growth of The Islamic Finance Industry621
16Trust and belonging in individual and organizational relationships546
17Social impact bonds in light of maqasid al-shari‘ah and maslahah544
18The potential development of waqf in India post-Covid-19: a SWOT-TOWS analysis535
19Strengthening government-university-industry and community collaboration504
20Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk450
21An assessment of using sukuk for waqf property development in India438
22Misconception Of Zakat And Distributive Justice In Islam: Case Study Of Zakat Institutions In Malaysia370
23Mother T.I.G.E.R leadership334
24Kawal pengeluaran caruman KWSP elak implikasi jangka panjang263
25KWSP bersasar perlu ikut Islam208
26Critical success factors of implementing sustainable and responsible investment (SRI) Sukuk for economic recovery from COVID-19 pandemic135
27Social impact measurement of Waqf: case study of Waqf organisations in Karnataka, India122
28Addressing negative spillover effects of overcrowding in Malaysian prisons: can Islamic financial institutions play a role?107
29Coming together: a comprehensive overview of the transdisciplinary perspectives of school belonging105
30Social impact measurement as a tool of governance and accountability for waqf organisations61