Staff Directory
Academic Qualification
- Accounting and Finance - Doctorate of Business Admin., University of Strathclyde
- Bachelor of Business Administration (Hons) - Bachelor Degree, International Islamic University Malaysia
Syed Musa Bin Syed Jaafar Alhabshi (Assoc. Prof. Dr.)
Associate Professor
IIUM Gombak Campus
INSTITUTE OF ISLAMIC BANKING AND FINANCE
syedmusa@iium.edu.my
4197
Expert Profile
Dr. Syed Musa Syed Jaafar Alhabshi currently serves as Dean of IIiBF, IIUM and has held various academic positions since February 1994 including Head of Accounting Department (IIUM,1994), Head of Postgraduate Islamic Banking and Finance (IIUM, 1998), Head of Center of Post Graduate Studies (Unitar, 2000), Dean of Faculty of Business Administration (Unitar, 2004), Dean of Graduate School of Business ( Unirazak,2010) and Dean of Institute of Islamic Banking and Finance (IIUM, 2013). As an academic he has served both public and private universities since 1989 a close to 30 years period of teaching, research and supervision of post graduate students in Accounting, Business Administration and Islamic Banking and Finance in both taught master programmes (M.Sc. Accounting, MBA/MOM, MSc Islamic Banking and Finance), professional (CIMA, CIFP) and Doctoral programmes (PhD Accounting, Management and Islamic Banking and Finance). As an academic and trainer he conducted numerous local and international workshops on accounting, audit, governance and risk in Islamic Finance organized by both financial authorities and agencies such as IFSB, SEACEN to regulators, academics and practitioners in the UK, Dubai, Hong Kong, Maldives, Jeddah, Singapore, Brunei, Jakarta and Philippines. Education Background His early education began in Raffles Institution Singapore (1976) and later obtained Diploma in Business (Financial) from Ngee Ann Polytechnic, Singapore (1984). Whist attached to audit firm in Singapore, he pursued ACCA qualification and graduated with 1st class Honors in 1989 in Bachelor of Business Administration at International Islamic University, Malaysia. With IIUM scholarship award he pursued MSc in Finance and was awarded Doctorate of Business Administration (Accounting and Finance) (1994) in Strathclyde University, UK. Academic and Professional Appointments Upon completion of his A level exams, he was enlisted in National Service as Police Inspector Singapore Police Force from 1980 to 1982. Having completed Diploma he was employed by Coopers and Lybrand, Singapore (1984). In 1989 he was invited to be academic staff of Kulliyyah of Economics and Management, IIUM, Malaysia and served for 15 years. In 2000 he continued his academic career in UNITAR where e-learning hybrid model was employed. He then pioneered the PhD Management offshore program with Univerisiti Muslim Indonesia in Makassar 2003. Due to increasing consulting and industry training responsibilities he took full industrial attachment to facilitate the setting up of Amanie Business Solutions (Amanie) and International Institute of Islamic Finance Inc (IIF Inc) in 2005 which then followed as a full time Principal Consultant for both establishments until 2008. During which he was among leading team member(s) for Khazanah Islamic financial hub consulting project in SJER (Iskandar), INCIEF CIFP Professional Modules development as well as design and development of CIMA UK Certified Islamic Finance Professional Certificate and Diploma program (2007). In 2009 he resumed his full time academic path as Associate Professor in Graduate School of Business in Universiti Tun Abdul Razak (Unirazak) where he taught Global MBA in Islamic Banking and Finance Programme involving dual Master award from a consortium of several universities (UK, US, Germany, Spain) and supervise PhD in Management. In 2000 IIUM Institute of Islamic Banking and Finance (IIiBF) recruited him as faculty staff of IIiBF and has since taught courses and supervise research related to graduate Islamic banking and finance programs. In 2013 he was appointed as member of External Review Team of the Commission for Academic Accreditation of the Ministry of Higher Education and Scientific Research of the United Arab Emirates and reappointed in 2019 where he reviewed programs on Islamic Banking and Finance offered in UAE. Currently he is a panel assessor of Financial Accreditation Agency (FAA) and external examiner to University of Nottingham graduate and undergraduate program in Islamic Investment and Finance. Since 2016 he is appointed as Group member for Infusion of Shariah Standard Murabaha into Academic Syllabus of Local universities. Since 2018 he is appointed as a Chairman of Malaysian Qualifications Agency (MQA) Mumalah Islamic Finance Program Standard review committee as well as member of Majlis Jawatan Akreditasi (Sains Sosial). In 2015 he is appointed as Director for Entry Point Project 7 (EPP 7) on Islamic Finance Education from National Economic Transformation Plan (ETP). Recently in 2017 he has been elected as President of International Council of Islamic Finance Educators (ICIFE) to spearhead talent and curriculum developments of Islamic financial Services Industry. Currently he is also the Chairman of International Shariah Advisory Services (ISAS) a subsidiary of IIUM holdings. In 2017 he was elected as President of International council for Islamic Finance Education (ICIFE) and since March 2019 he is re-elected as president for the second term. Professional Engagement and Industry Accomplishments His consultancy and professional engagements began when he was appointed as a member Accounting and Auditing Standards Board (AAOIFI), Bahrain in 1997 as well as serving Malaysian Accounting Standards Board Working Groups since 2001. He served as Islamic product consultant to EON Banking Group (Eon Cap Islamic) as well as member of Shariah committee. Currently he serves as Shariah Advisory Committee (SAC) member of Securities Commission, Shariah committee member of Bank of Tokyo and MNRB Group as well as Shariah Supervisory committee (SSC) Labuan Offshore Financial Services Authority (LOFSA). He was appointed as an Independent Non-Executive Director (INED) to serve the board of Takaful Ikhlas Berhad and Malaysian Retakaful Berhad from 2008 to 2017. He was also appointed as Technical consultant of Centennial Group to draft Islamic Financial Services Board Transparency and Market Discipline Standard and as well as Prudential Structural Indicators for Islamic Financial Services Industry (IFSI). Subsequently he was engaged to conduct research on Shariah Boards and Supervision (1999) to facilitate preparation of draft for Islamic Financial Services Board (IFSB) Shariah governance standard. Subsequently as Amanie Team member, he was engaged by BNM on SIX shariah contract parameters for Islamic financial services prior to the promulgation of the current Shariah Standards.
Area of Specialisation
- Economics, Business And Management ~ Economics, Business And Management ~ Finance ~ Financial Institutions - Advisory on Financial product structuring
- Economics, Business And Management ~ Economics, Business And Management ~ Accounting ~ Zakat Accounting - Advisory on Financial Reporting of Zakat Institutions
- Economics, Business And Management ~ Economics, Business And Management ~ Accounting ~ Financial Reporting (Including Accounting Regulation, Accounting Standards, Accounting Theory, Standard-Setting Process, Financial Reporting in Private and Public Sector Organisations) - Development of Financial reporting , auditing, governance and risk standards
- Economics, Business And Management ~ Economics, Business And Management ~ Accounting ~ Corporate Governance (Including Accountability, Ethics, Integrity) - Advisory on Corporate and Shariah Governance for Islamic Financial Institutions
- Economics, Business And Management ~ Economics, Business And Management ~ Accounting ~ Accounting Education - Curriculum Design and Development for Islamic Finance Education
- Economics, Business And Management ~ Economics, Business And Management ~ Accounting ~ Islamic Accounting - Financial Reporting of Islamic Financial Institutions
Teaching Responsibilities
| ACCOUNTING AND RISK REPORTING FOR ISLAMIC FINANCIAL SERVICES | 2023/2024 2022/2023 |
| ACCOUNTING FOR ISLAMIC FINANCIAL INSTITUTIONS | 2022/2023 2021/2022 2020/2021 2019/2020 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 |
| CONTEMPORARY ISSUES IN ISLAMIC FINANCE | 2018/2019 2017/2018 2016/2017 2014/2015 2013/2014 2012/2013 |
| ETHICS AND GOVERNANCE OF ISLAMIC FINANCIAL INSTITUTIONS | 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020 2017/2018 |
| FINANCIAL ACCOUNTING | 2015/2016 2014/2015 2013/2014 2012/2013 |
| FINANCIAL MANAGEMENT | 2015/2016 2014/2015 2013/2014 2012/2013 |
| QUALITATIVE METHODS | 2018/2019 |
| RESEARCH METHODOLOGY | 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020 2018/2019 2017/2018 2016/2017 2015/2016 2014/2015 2013/2014 |
| RISK MANAGEMENT OF ISLAMIC FINANCIAL INSTITUTIONS | 2021/2022 2020/2021 2019/2020 2018/2019 2017/2018 2016/2017 2015/2016 |
| SEMINAR ON WAQF FINANCIAL REPORTING AND GOVERNANCE | 2023/2024 2022/2023 |
| USRAH IN ACTION 1 | 2021/2022 |
| WAQF AND ISLAMIC FINANCE | 2022/2023 2021/2022 2020/2021 2019/2020 |
Supervision
|
Micro-Takaful Adoption In Ethiopia: Specific Reference To Iddirs.
Ph.D
Completed
2024
Main Supervisor
|
|
Effect Of External Environment And Adaptation Of Internal Environment When Adopting Islamic Financial Transactions In Libyan Commercial Banks
.
Ph.D
Completed
2023
Main Supervisor
|
|
Optimizing Solvency Margin In Family Takaful And Life Insurance Institutions In Malaysia
.
Ph.D
Completed
2023
Main Supervisor
|
|
The Impact Of Corporate Governance Mechanism On Business Ethics Disclosures Of Shariah Compliant Companies In Indonesia.
Ph.D
Completed
2023
Main Supervisor
|
|
The Impact Of Basel Iii On The Risk Of Islamic
Banks.
Ph.D
Completed
2023
Co-supervisor
|
|
The Impact Of Corporate Social Responsibility And Corporate Tax On The Financial Performance Of Islamic And Conventional Banks..
Ph.D
Completed
2022
Main Supervisor
|
|
Risk-Based Supervisory Framework For
Islamic Banks: A Case Study Of Nigeria.
Ph.D
Completed
2022
Co-supervisor
|
|
Determinants Of Home Bias And Foreign Bias In The Global Portfolio Investment Of Selected Oic Countries
.
Ph.D
Completed
2021
Main Supervisor
|
|
Exploring Shariah Governance Factors In Internal Shariah Audit Effectiveness: Case Study Of Selected Islamic Banks In Yemen
.
Ph.D
Completed
2021
Main Supervisor
|
|
An Organisational Legitimacy Study On Governance Of Waqf Authorities In Indonesia And Singapore
.
Ph.D
Completed
2021
Main Supervisor
|
|
Factors Influencing Risk-Taking Behaviour In Malaysian Islamic And Conventional
Banks.
Ph.D
Completed
2021
Main Supervisor
|
|
Institutional And Macro Determinants Of Capital Structure And Distress In Islamic Banks.
Ph.D
Completed
2020
Main Supervisor
|
|
Factors Influencing Islamic Banks Disclosure Practices In Selected Jurisdictions.
Ph.D
Completed
2020
Main Supervisor
|
|
Behavioral Intention Of Libyan Bank Employees Towards Transformation To The Islamic Banking System.
Ph.D
Completed
2020
Main Supervisor
|
|
Savings And Investment Behaviour Of Hajj Fund Contributors: A Case Study Of Selected Cities In Indonesia
.
Ph.D
Completed
2020
Main Supervisor
|
|
The Impact Of Competition, Oil Price, And Financial Market On The Cost Efficiency Of The Insurance And Takaful Industry: Evidence From Gcc.
Ph.D
Completed
2019
Main Supervisor
|
|
Evaluation Of Shari'Ah Non-Compliance Risk Exposure In Shari'Ah Stocks Screening Methodologies.
Ph.D
Completed
2019
Main Supervisor
|
|
The Influence Of Corporate And Shar'Iah Governance Mechanisms On The Islamic Economic And Financial Performance Of Islamic Banks In Malaysia.
Ph.D
Completed
2018
Main Supervisor
|
|
Banks Stability Measures For Selected Oic Countries With Dual Banking System.
Ph.D
Completed
2018
Main Supervisor
|
|
Influence Of Intellectual Capital Dimensions And Government Support On The Performance Of Islamic Microfinance Institutions In Malaysia.
Ph.D
Completed
2018
Main Supervisor
|
|
A Study Of Voluntary Retirement Savings Behaviour Among Muslim Employees In Klang Valley.
Ph.D
Completed
2018
Main Supervisor
|
|
The Effectiveness Of Corporate Governance Practices In Islamic Financial Institutions (Ifis) In Kuwait.
Ph.D
In Progress
Main Supervisor
|
|
Iinsurance Takaful Technology Implemrntation In Nigeria And Examination In The Regulatory Issies.
Ph.D
In Progress
Main Supervisor
|
|
Measuring The Factors Affecting Reputational Risk For Islamic Banks In Turkiye
And Developing Maqasidic Approach Framework To Mitigate It
.
Ph.D
In Progress
Main Supervisor
|
|
Impact Of Basel Iii Liquidity Requirements On Islamic And Conventional Banks’ Position And Performance In Pakistan: A Comparative Study.
Ph.D
In Progress
Main Supervisor
|
|
Comparison Of Early Loan Settlements Between Conventional Banks And Islamic Banks: Introducing Ibra’ Contract.
Ph.D
In Progress
Main Supervisor
|
|
Examining The Role Of Non-Intrest Banking Products In Enhanching Financial Inclusions In Northern Nigeria: A Case Study Of Juiz Financial Inclusion Centre.
Ph.D
In Progress
Main Supervisor
|
|
Legitimacy Of Waqf Management Technology And Social-Business Integration In Muhammadiyah Organization.
Ph.D
In Progress
Main Supervisor
|
|
The Impact Of Shariah Compliance Culture On The Adoption Of ValueBased Intermediation In The
Malaysian Islamic Banking Industry.
Ph.D
In Progress
Co-supervisor
|
|
Islamic Swap Instruments: An Evaluative Study From Maqasid Al-Shariah Perspective.
Ph.D
In Progress
Co-supervisor
|
|
Developing Qarḍ Al-Ḥasan Financing Model
As Socially Responsible Product For Islamic Banks: A Study Of Selected Oic
Countries.
Ph.D
In Progress
Co-supervisor
|
|
An Assessment Of Quality Reporting Disclosures Of State Islamic Religious Council (Sirc) On Waqf Resources.
Ph.D
In Progress
Co-supervisor
|
|
Zakat Banking: Expand The Boundaries Of Islamic Banking.
Ph.D
In Progress
Co-supervisor
|
|
An Eploratory Study On The Potential Of Waqf And Sukuk Linkage For Healthcare Sector In Malaysia.
Master
Completed
2022
Main Supervisor
|
|
The Selected Case Studies On Islamic Financing For Infrastructure Project.
Master
Completed
2020
Main Supervisor
|
|
Nature And Policy Implications Of Shariah Non-Compliant Disclosure Practices Of Islamic Banks In Malaysia From 2008 To 2017.
Master
Completed
2019
Main Supervisor
|
|
Waqf Reporting In Indonesia: Case Of Ar-Raudhatul Hasanah Boarding School In Medan City, North Sumatera.
Master
Completed
2019
Main Supervisor
|
|
Comparative Financial Regime For Islamic Financial Systems In Malaysia And The United States Of America.
Master
Completed
2018
Main Supervisor
|
|
Comparative Analysis Of Crowdfunding Platforms In United States And Indonesia.
Master
Completed
2018
Main Supervisor
|
|
Role Of Agriculture Waqf As Food Security Strategy And Price Stabilisation Policy Of Rice : The Case Of Indonesia.
Master
Completed
2018
Main Supervisor
|
|
Gold As Shari'Ah Compliant High-Quality Liquid Asset (Hqla) Case For Short Term Sukuk And Other Innovative Liquidity Management Instruments.
Master
Completed
2018
Main Supervisor
|
|
Comparative Study Of Islamic Financial Institution Offering Micro Trader Credit In Medan Indonesia.
Master
Completed
2017
Main Supervisor
|
|
Evaluation Of Majlis Agama Islam Wilayah Persekutuan (Maiwp) Zakat Distribution Effectiveness.
Master
Completed
2017
Main Supervisor
|
|
Service Quality, Customer Relationship Management And Customer Satisfaction.
Master
Completed
2016
Main Supervisor
|
|
Comparative Analysis Of Ifrs Practices Of Islamic And Conventional Banks In Bangladesh.
Master
Completed
2016
Main Supervisor
|
|
Awareness, Understanding And Willingness Of Islamic Banking System Implementation In Tajikistan.
Master
Completed
2016
Main Supervisor
|
|
Muslim Charitable Organization : A Case Study Of Darul Aehsan Foundation, Bangphlat District, Bangkok.
Master
Completed
2016
Main Supervisor
|
|
Comparative Institutional Analysis Of Islamic Microfinance Capacity Building
.
Master
Completed
2015
Main Supervisor
|
|
Comparative Fiancial Performance Analysis Of Microfinance Enterprise
.
Master
Completed
2015
Main Supervisor
|
|
Agriculture Value Chain Finance: Islamic Financial Instrument.
Master
Completed
2015
Main Supervisor
|
|
Critical Review Of Issues In Financing Of Small And Marginal Farmers Of Kashmir : A Case For Islamic Value - Chain Finance
.
Master
Completed
2015
Main Supervisor
|
|
Islamic Banking In Oman: Regulation, Trends & Performance
.
Master
Completed
2015
Main Supervisor
|
|
Shari’Āh Equity Screening Methodologies: The Challenges Impacting Malaysia'S Local And Regional Islamic Equity Portfolio
.
Master
Completed
2015
Main Supervisor
|
|
Financial Inclusion Of Islamic Finance In Conventional Financial System: The Case For Mozambique
.
Master
Completed
2015
Main Supervisor
|
|
Customers' Preferences For Islamic Financial Institutions In Northeast Nigeria
.
Master
Completed
2015
Main Supervisor
|
|
Challenges And Opportunities Of Islamic Blended Finance For Small And Medium Enterprise (Sme)
Funding In Malaysia
.
Master
In Progress
Main Supervisor
|
|
Evaluating The Role Of Waqf Management And Reporting On Waqf Organization
Accountability In Indonesia.
.
Master
In Progress
Main Supervisor
|
|
Maqasid Approach To Evaluating Tawarruq Products And Exploringthe Alternatives
(English)
.
Master
In Progress
Main Supervisor
|
|
An Analysis Of Islamic Banking Resilience During Economic Downturns Any Financial Crisis..
Master
In Progress
Main Supervisor
|
Research Projects
Completed
| 2022 - 2023 | Value-based Banking Adoption in Malaysia: Trends and Impact |
| 2021 - 2022 | Applied Maqasid of Shariah Framework for Validating the Substance of Islamic Financial Instruments: An Accounting Perspective |
| 2019 - 2022 | Social Impact Performance Measurement Framework for Islamic Financial Institutions: Integrating Sustainable Development Goals (SDGs), Value-Based Intermediation (VBI) and Maqasid asShari'ah |
On-Going
| 2024 - Present | The Use of Artificial Intelligence in Shari'ah and Islamic Finance Research |
| 2023 - Present | Pioneering Waqf Healthcare Haven for Elderly People: A Sustainable Long-term Care Solution |
Award & Recognition
| 29 Sep, 2023 | GREAT TEACHER AWARD 2022 - IIiBF | KCDIO |
| 29 Sep, 2023 | MyRA STAR RATING (2022) 6 STAR - IIiBF | KCDIO |