Nafis Alam - Business Management

Prof. Nafis Alam

Email: nafis.alam@monash.edu nafis.alam@gmail.com

School of Business, Monash University Malaysia

Research Interest:

Banking with a special focus on Regulation and Risk Management
Corporate Finance
FinTech and Digital Currency
Investment and Portfolio Analysis
Behavioural Finance
Islamic Banking and Finance

Profile

Dr Nafis Alam is a Professor and Head of the School of Business, Monash University Malaysia. Nafis has been working in higher education for more than 20 years. Apart from Monash, he has worked at the Henley Business School Malaysia, at the University of Reading Malaysia, Nottingham University Business School at the University of Nottingham Malaysia and, most recently, at Asia Pacific University where he was the Head of the School of Accounting and Finance. He is also a research affiliate of the Cambridge Centre for Alternative Finance (CCAF) at Judge Business School, University of Cambridge. He has also held visiting positions at universities in the UK and Indonesia. His research is focused on Fintech, banking regulation and financial markets. As a frequent traveler, he has given lectures on finance and Fintech across the world, including Harvard Islamic Finance forum at Harvard Law School; a Gulf Research Meeting at the University of Cambridge, UK; Seoul International Finance Conference (SIFIC) & World Islamic Economic Forum (WIEF). Nafis has been ranked among top 100 global social media influencers in Fintech by Refinitiv. He was featured as a Professor of the Month by Financial Times (FT) in 2014 and received an award for Upcoming Personality in Islamic Finance in 2016 presented by GIFA and hosted by the Indonesian government. He holds a PhD in Banking and Finance from Monash University.

Qualification

PhD in Finance (Banking and Finance), Monash University
MPhil in Finance (Banking and Finance Stream), Monash University
MBA Finance, Multimedia University
Bachelor in Arts (Economics Major with Statistics), Patna University

Publications

Amri, M., Zainuddin, Y., Alam, N. &. Li, P. 2019. Portfolio of IT Investment and Organisational Performance. Moderating role of Decentralised Decision Making. International Journal of Business Information Systems (Q2, ABDC C, Scopus)
Alam, N. Zainuddin, S.S. & Rizvi, S.A.R. 2019. Ramifications of Varying Banking Regulations on Performance of Islamic Banks, Borsa Istanbul Review, 19(1) (Q2, Elsevier, Scopus, Cite Score 1.63)
Alam, N. & Zameni, A. 2019 (Forthcoming). Regulatory issues in cryptocurrency usage. Journal of Financial Regulation and Compliance (ABDC B, Scopus)
Alam, N. Hamid, B.A. & Tan, D.T.2018. Does Competition Make Banks Riskier in Dual Banking System? I Borsa Istanbul Review, (Q2, Elsevier, Scopus, Cite Score 1.63)
Ibrahim, M. & Alam, N. 2018. Islamic Economics and Islamic Finance in the World Economy, The World Economy, 41:3, 668-673 (ABDC A, ABS 3, SSCI, IF 1.23)
Rizvi, S.A.R., Arshad, S. & Alam, N. 2018. A Tripartite Inquiry into Volatility Efficiency Integration Nexus- Case of Emerging Markets, Emerging Markets Review, 34, 143-161. (ABDC A, ABS 2, SSCI, IF 1.87)
Alam, N. & Gupta, A. 2018. Does hedging Enhance Firm value in Good and Bad times, International Journal of Accounting and Information Management, 26:1, 131-152. (ABDC B, ABS 2, Scopus, Cite Score 1.09)
Alam, N. Bhatti, M.I. & Wong, J.T.F. 2018. Assessing Sukuk Defaults using Value at Risk Techniques, Managerial Finance, 44:6, 665-687. (ABDC B, ABS 2, Scopus, Cite Score 0.48)
Amri, M., Alam, N. &. Kendall, G. 2017. Does Decentralized Decision Making Add Value to Infrastructure Information Technology Investment And Performance Nexus? International Journal of Accounting Information Systems, 27, 1-15 (Q1, ABDC A, ABS 2, Scopus, SSCI, IF 0.97)
Parinduri, R. & Alam, N. 2017. Do Islamic banks shift from mark-up to equity financing when their contracting environments are improved, Applied Economics Letters, 24:8, 545- 548 (ABS 1, ABDC B, Scopus, SSCI, IF 0.50).
Alam, N., Arshad, S. & Rizvi, S.A.R. 2016. Do Islamic Stock Indices Perform better than Conventional Counterparts? An Empirical Investigation of Sectoral Efficiency, Review of Financial Economics, 31, 108-114 (ABS 1, ABDC B, Q2, Scopus, Cite Score 0.9)
Rizvi, S.A.R., Arshad, S. & Alam, N., 2015. Crises and contagion in Asia Pacific — Islamic v/s conventional markets, Pacific-Basin Finance Journal, 34, 315-326 (Q1, ABDC A, ABS 2, Scopus, SSCI, IF 1.6).
Ngene, G., Hassan, K. & Alam, N. 2014. Price discovery process in the Emerging sovereign CDS and equity markets, Eastern European Economics, Emerging Markets Review, 21,117–132. (ABDC A, ABS 2, SSCI, IF 1.87).
Alam, N., 2014. Regulations and Bank Risk taking in Dual Banking Countries, Journal of Banking Regulation: 15:2, 105-116 (ABS 2, ABDC B, Scopus).
Alam, N. & Ng, S.L., 2014. Banking Mergers – An Application of Matching Strategy, Review of Accounting and Finance, 13(1), 2-23. (ABS 2, ABDC B, Scopus).
Alam, N. & Ngo, S. K., 2014. Regulatory Compliance and Cost of Banking Operation: A Survey of US Banking Sector, Journal of International Banking Law and Regulation, 29:11, 663-670. (Monitored by Thomson Reuters, ABDC B,)
Alam, N., & Hassan, K., 2013. Are Islamic bonds different from conventional bonds? International evidence from capital market tests, Borsa Istanbul Review, 13:3, 22-29. (Q2, Elsevier, Scopus, Cite Score 1.63).
Alam, N., Tang, K.B., Rajjaque, M.S., 2013. A Comparative Performance of Conventional and Islamic Unit Trust: Market Timing and Persistence Evidence, Journal of Financial Services Marketing, 18:4, 316-326 (ABS 2, ABDC B, Scopus).
Alam, N., 2013. A Comparative Performance Analysis of Conventional and Islamic Exchange Traded Funds, Journal of Asset Management, 14:1, 27-36. (ABS 2, ABDC B, Scopus).
Alam, N. 2013. Impact of Banking Regulation on Risk and Efficiency in Islamic Banking, Journal of Financial Reporting & Accounting, 11(1), 29-50. (ABDC B, Scopus, Cite Score 1.17)
Alam, N. and Tang, K.B., 2012. Risk-Taking Behaviour of Islamic Banks: Application of Prospect Theory, Qualitative Research in Financial Markets, 4(2), 156-164, (ABS 1, ABDC B, Scopus, Cite Score 0.83).
Alam, N. 2012. Risk-Efficiency Relationship in Islamic Banking: Global Evidence, Journal of Islamic Economics, Banking and Finance, 8:4, 49-66.
Alam, N., 2012. Does Banking Regulation Affect Banking Efficiency? A Survey of Dual Banking System, Journal of International Banking Law and Regulation, 27:6, 231-238. (Monitored by Thomson Reuters, ABDC B,).
Alam, N., 2012. Linkage between Stock Volatility and Corporate Bond Yield Spread in Singapore, International Journal of Financial Management. 2 (2), 1-10.
Alam, N. & Rajjaque, M.S. (2010) “Shariah Compliant Equities-Empirical Evaluation of Performance in European Market During Credit Crunch”, Journal of Financial Services Marketing 15:3, 228-240 (ABS 2, ABDC B, Scopus)
Alam, N., Ibrahim, M.M. & Raman, M. (2010) “Challenges Faced by Sudanese Banks in Implementing Online Banking: Bankers’ Perception”, Journal of Internet Banking and Commerce 15:.2 (Scopus, ABI,)
Alam, N. (2010) “Islamic Venture Philanthropy: A Tool for Sustainable Community Development”. Development Economics E-Journal. 2:54 (Econlit)
Samudhram, A., Alam, N. & Shanmugam, B. (2010) “Halal Based Technologies and Islamic Finance” Review of Islamic Economics Vol. 14, No.1:191-205 (ABDC B, Econlit)
Alam, N. (2009) “Islamic Finance: An Opportunity During Subprime Crisis”, Islamic Finance Today. pp: 11-15
Samudhram, A., Alam, N. & Shanmugam, B. (2008) “Promoting Halal Islamic Technologies through Islamic Finance”, Islamic Finance Today Special Issue. pp: 27- 30
Stephanaus, R., Raman, M. and Alam, N. (2008) “Information Technology in Malaysia: E-Service Quality and Uptake of Internet Banking, Journal of Internet Banking and Commerce Vol. 13, No.2,( (Scopus, ABI)
Alam, N. & Shanmugam, B. (2008) “Financial Transparency of Selected Islamic Banks: Applying Bank Disclosure Index” Review of Islamic Economics Vol. 12, No.1:41-55 (Econlit,)
Alam, N. & Shanmugam, B. (2007) “Disclosure Level Amongst Selected Islamic Banks”, International Journal of Business Research (IJBR) 7:41, 91-106
Alam, N. & Shanmugam, B. (2006) “Islamic Finance: A Foray into India” INCEIF Bulletin 1:6, 23-27 www.inceif.org
Guru, B.K., Alam, N. & Shanmugam, B. (2003) “An Evaluation of Internet Banking Sites in Islamic Countries”, Journal of Internet Banking and Commerce Vol. 8, No.2 (Scopus, ABI)

Books

Alam, N., Gupta, L. and Zameni, A. 2019 (Forthcoming). Fintech and Islamic Finance-Digitalization, Development and Disruption. Palgrave Macmillan UK
Alam, N., Gupta, L. and Shanmugam, B. 2018 Islamic Finance – A Practical Perspective. Palgrave Macmillan UK.
Alam, N. & Rizvi, S.A.R (eds) 2017. Islamic Economies: Stability, Markets and Endowments. Palgrave Macmillan UK.
Alam, N. & Rizvi, S.A.R (eds) 2016. Islamic Capital Market- Volatility, Performance and Stability. Palgrave Macmillan UK.
Alam, N. & Rizvi, S.A.R (eds) 2016. Islamic Banking- Growth, Stability and Inclusion Palgrave Macmillan UK.
Shanmugam, B., Alam, N. & Zahari, Z.R. 2008. “Encyclopedia of Islamic Finance”. Kuala Lumpur, Malaysia: Insight Network
Haron, S., Alam, N. & Shanmugam, B. 2007. “Islamic Financial System: A Complete Guide”. Kuala Lumpur, Malaysia: Insight Network
Alam, N. & Shanmugam, B. (eds) 2007. “Islamic Banking: The Challenges Ahead”. Kuala Lumpur, Malaysia: University Putra Malaysia Press.

Book Chapters

Alam, N. and Zameni, A. 2019 (Forthcoming). Regulation of Fintech and Cryptocurrencies In: Ali, S.N. & Oseni, U. ed., Fintech in Islamic Finance: Theory and Practice: Routledge UK.
Alam, N. and Zameni, A. 2019 (Forthcoming). Existing Regulatory Frameworks of Cryptocurrency and the Shariah Alternative In Billah, M.M. ed., Halal Cryptocurrency Management: Palgrave Macmillan UK.
Alam, N. and Rizvi, S.A.R 2017. Islamic Economics’ Contribution to Conventional Economics In Alam, N. & Rizvi, S.A.R ed., Islamic Economies: Stability, Markets and Endowments: Palgrave Macmillan UK. Pg 1-8.
Bekri, M., Hassan, M.K. and Alam, N. On The Dependency Structure of Islamic Asset In: Hassan, M.K., ed., Handbook of Empirical Research on Islamic and Economic Life: Edwar Elgar UK.pg 602-623.
Rizvi, S.A.R and Alam, N. 2016. Islamic Capital Market research: Past Trends and
Future Considerations In Alam, N. & Rizvi, S.A.R ed., Islamic Capital Market- Volatility, Performance and Stability:Palgrave Macmillan UK.
Alam, N. and Rizvi, S.A.R 2016. Empirical Research in Islamic Banking: Past , Present and Future In Alam, N. & Rizvi, S.A.R ed., Islamic Banking- Growth, Stability and Inclusion:Palgrave Macmillan UK.
Alam, N., Duygun, M. And Turk Ariss, R., 2016. Green Sukuk: An Innovation in Islamic Capital Market. In: Dorsman et. al., ed., Energy, Sustainability and Finance: Springer, Heidelberg.
Alam, N., 2014. Islamic Banking & Finance: A Viable Alternative to a Flawed Global System. In: NAIR, M. & LEE,G.H.Y., ed., Islamic Business: Contemporary Issues and Economic Development, First edition. LexisNexis. 1-20
Sandhu, M.S., Alam, N. and Fahmi, S., 2014. Attracting FDI: Issues & Challenges for Islamic Banking. In: NAIR, M. & LEE, G.H.Y., ed., Islamic Business: Contemporary Issues and Economic Development, First edition. LexisNexis.
Shanmugam, B, Alam, N, 2007. “Evolution of Islamic Finance: Prospects and Problems” in “Islamic Banking: The Challenges Ahead”, Alam, N. & Shanmugam, B. (eds) Kuala Lumpur, Malaysia: University Putra Malaysia Press: 1-20