Introduction

The Islamic Finance and Wealth Management Institute (IFWMI) at Universiti Sains Islam Malaysia (USIM) was established on July 7, 2007. In 2010, IFWMI was upgraded to a “PTJ” (Pusat Tanggungjawab), providing it with its own budget and staff to organize programs throughout the year.

IFWMI aims to support the growth of the global Islamic Finance industry by leveraging a list of experts in various fields, including Islamic Finance, Muamalat, Shariah Audit and Accounting, Islamic Wealth Management, and Social Finance. The institute aspires to be a catalyst for innovation in this niche area by sharing and enhancing knowledge for academicians, practitioners, and industry players.

Objectives

IFWMI is dedicated to conducting a variety of research activities and fostering innovations that can be applied through knowledge transfer and engagement with academia, community (civil society), industry, government, and the environment. The institute focuses on various research fields within the framework of Islamic Finance and Wealth Management.

Vision

To be globally recognized as a Global leading institution producing innovative research, training and consultancy in Islamic Finance and Wealth Management discipline

Mission

To champion the development and dissemination of research in Islamic Finance with a strong perspective on regional Asia.

Director’s Perspective

Islamic finance and wealth management are two pertinent areas directly influenced by changes in economic situations, social growth, and rapid technological expansions. The industry and community must be informed and vigilant about the development and potential benefits of improving their economy and financial prosperity. Islamic Finance and Wealth Management Institute (IFWMI) is a leading research centre that aims to conduct studies, innovate ideas and products, and spread information about the two mentioned subject areas.

IFWMI’s research teams are dedicated to collaborating with the industry, engaging with the community, and publishing research outcomes. Four arms of Islamic Finance have been committed by our team – Islamic banking, Islamic capital market, takaful and Islamic social finance. Additionally, five dimensions of wealth management have also been the niche area of the research activities; wealth generation, wealth protection, wealth accumulation, wealth purification and wealth distribution.

We welcome industrial and academic partners on research projects benefiting the ummah. May Allah ease our efforts and bless us with success in dunya and akhirah.

Associate Professor Dr. Izlawanie Muhammad, Director for IFWMI

Key Activities

Research and Innovation

  • Conducting research in Islamic Finance and Wealth Management.
  • Producing outputs such as journal articles, case studies, research books, book chapters, Intellectual Property (IP) registrations, and commercialized products.

Training and Consultation

  • Offering training programs and providing consultation services to the community and industry.

Events and Dissemination

  • Organizing conferences, forums, discussion series, and intellectual discourse to share research findings and innovations.
  • Collaborating with the Faculty of Economics and Muamalat to hold seminars, intellectual discourse series, and conferences for the academic society.
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Meet Our Team

Director’s Office

Associate Prof. Dr. Izlawanie Muhammad

Director

Associate Prof. Dr. Izlawanie Muhammad

DBNS, Bsc (Hons.) (UKM), Msc (University of Reading), PhD (University of Cambridge)

izlawanie@usim.edu.my

Deputy Director

 

@usim.edu.my

Secretary

 

@usim.edu.my

Coordinator

Coordinator for Islamic Business & Management Cluster

@usim.edu.my

Coordinator for Accounting, Shariah Audit & Governance Cluster

@usim.edu.my

Coordinator for Islamic Finance Cluster

@usim.edu.my

Coordinator for Islamic Social Finance & Applied Economic Cluster

@usim.edu.my

Fellowship

Professor Dato' Dr. Mustafa Mohd Hanefah

Research Fellow

Professor Dato' Dr. Mustafa Mohd Hanefah

 

mustafa@usim.edu.my

Professor Dr. Fauzias Mat Nor

Research Fellow

Professor Dr. Fauzias Mat Nor

 

fauzias@usim.edu.my

Professor Dr. Zurina Shafii

Research Fellow

Professor Dr. Zurina Shafii

 

zurina.shafii
@usim.edu.my

Professor Dr. Khairul Akmaliah Adham

Research Fellow

Professor Dr. Khairul Akmaliah Adham

ka@usim.edu.my

Associate Professor Dr. Fuadah Johari

Research Fellow

Associate Professor Dr. Fuadah Johari

fuadah@usim.edu.my

Associate Professor Dr. Shahidawati Hj. Shahwan

Research Fellow

Associate Professor Dr. Syahidawati Hj. Shahwan

syahidawati@usim.edu.my

Professor Dato' Dr. Hasnah Hj. Haron

Associate Research Fellow

Professor Dato' Dr. Hasnah Hj. Haron

hasnah.haron
@usim.edu.my

Administrative Division

Research Officer

@usim.edu.my

Assistant Registrar

@usim.edu.my

Administrative Assistant

@usim.edu.my