Welcome to Research [at] IFWMI
Our institute is dedicated to advancing knowledge in Islamic Finance, Economics, Social Finance, Business and Management, Accounting and Shariah Audit, and Islamic Wealth Management through innovative research.
Featured Research Projects
Research Cluster
Islamic Business and Management
Islamic
Finance
Accounting, Shariah Audit and Governance
Islamic Social Finance and Applied Economcis
Research Niche
Islamic Finance
Developing Shariah-compliant financial products, risk-sharing, ethical investments, and promoting social justice.
Islamic Economics
Aligning economic systems with Islamic values, focusing on wealth distribution, social justice, and well-being.
Islamic Social Finance
Optimizing zakat, waqf, benevolent loans for social welfare, poverty alleviation, and sustainable development.
Islamic Business and Management
Shariah-compliant business models, ethical leadership, corporate governance, human resource management, and marketing.
Accounting and Shariah Audit
Developing Shariah-compliant accounting standards, ensuring transparency, accountability, and adherence in auditing practices.
Islamic Wealth Management
Strategies for managing wealth according to Islamic principles, focusing on ethical investments and social justice.
Research Projects
| No. | Research Code | Research Title | Main Researcher | Amount (RM) | Duration | TRL Level |
|---|---|---|---|---|---|---|
| 1 | USIM/FRGS/FEM/055002/50818 | Financing Behavior For Shariah-Compliant Companies: Do Financial Constraint And Sustainability Matter? | Prof. Dr. Fauzias Mat Nor | 55,000 | 01/01/2019 - 01/07/2021 | 1 |
| 2 | USIM/FRGS/FEM/51115 | Determinants Of Islamic Banks Profit Margin And Its Pricing Practices: Can Comparative Advantage Explain The Growth? | Prof. Dr. Fauzias Mat Nor | 80,000 | 02/11/2015 - 07/02/2020 | 1 |
| 3 | PPP/FEM/IWM/30/13712 | Developing A Financing Model For Agro Projects Complied With Shariah Requirement For The Banking Institutions | Prof. Dr. Muhammad Ridhwan Bin Ab. Aziz | 50,000 | 01/12/2012 - 13/03/2015 | 3 |
| 4 | USIM/BPMB/FEM/052002/40419 | Talent And Manpower Competency In Fintech For Islamic Banking And Finance Industry | Prof. Dr. Muhammad Ridhwan Bin Ab. Aziz | 5,555 | 01/01/2019 - 01/07/2020 | 2 |
| 5 | USIM/YTI/FEM/052002/41717 | Talent Enhancement Program For Mainstreaming Islamic Finance Student In The Industry: An Exploratory Study | Prof. Dr. Muhammad Ridhwan Bin Ab. Aziz | 8,000 | 01/04/2017 - 19/12/2018 | 3 |
| 6 | USIM/YAPEIM/FEM/052002/43017 | Developing Deposit And Financing Instruments Based On Waqf For Islamic Waqf Bank | Prof. Dr. Muhammad Ridhwan Bin Ab. Aziz | 16,200 | 01/11/2017 - 27/06/2019 | 2 |
| 7 | ERGS-FEM-33-50212 | The Establishment Of Islamic Waqf Bank Model For Financing In Education | Prof. Dr. Muhammad Ridhwan Bin Ab. Aziz | 75,000 | 01/08/2012 - 16/12/2014 | 2 |
| 8 | USIM/FRGS/FEM/32/51913 | Model for Planning and Coordinating of Waqf, Wasiyyah and Faraid Wealth Distribution Before and After The Death Among Muslims | Prof. Dr. Muhammad Ridhwan Bin Ab. Aziz | 80,000 | 01/12/2013 - 11/02/2016 | 1 |
| 9 | USIM/MG/MAINS/FEM/055012/70517 | Wakaf Kepakaran Profesional: Kajian Bagi Memanfaatkan Tenaga Pakar Profesional Di Negeri Sembilan | Prof. Dr. Muhammad Ridhwan Bin Ab. Aziz | 18,000 | 07/06/2017 - 27/06/2019 | 2 |
| 10 | PPP/BM-FEM-30-40212 | Enhancing Comparability Of Financial Information Reporting In BMMB Through Harmonisation Of Current Practice With IFRS, AAOIFI And IFSB | Prof. Dato' Dr. Mustafa Bin Mohd Hanefah | 27,500 | 02/03/2012 - 18/12/2015 | 1 |
| 11 | USIM/GSP/FEM/31/50113 | Enhancing Comparability Of Financial Information Reporting In BMMB Through Harmonisation Of Current Practice With IFRS, AAOIFI And IFSB | Prof. Dato' Dr. Mustafa Bin Mohd Hanefah | 2,750 | 01/01/2013 - 13/10/2016 | 2 |
| 12 | USIM/KTP/FEM/IWF/31/50114 | Shariah Audit Training | Prof. Dato' Dr. Mustafa Bin Mohd Hanefah | 144,437 | 01/02/2014 - 13/10/2016 | 9 |
| 13 | FRGS-FEM-03-50708 | Amalan Dan Pembangunan Wakaf Di Wilayah Pembangunan Iskandar (WPI) Johor | Prof. Dato' Dr. Mustafa Bin Mohd Hanefah | 70,000 | 03/10/2008 - 17/09/2012 | 1 |
| 14 | FRGS-FEM-32-51112 | Developing Harmonisation Concept In Islamic Financial Reporting For Islamic Financial Institution | Prof. Dato' Dr. Mustafa Bin Mohd Hanefah | 35,000 | 02/05/2012 - 13/03/2015 | 1 |
| 15 | USIM/FRGS/FEM/055002/51618 | Developing A Shariah And Outcome Based Reporting Model For Waqf Institutions | Prof. Dato' Dr. Mustafa Bin Mohd Hanefah | 50,000 | 01/01/2019 - 01/01/2021 | 1 |
| 16 | PPP/FEM-03-12809 | Towards The Development Of Shariah Audit Procedure | Prof. Dr. Zurina Binti Shafii | 25,000 | 01/12/2009 - 09/10/2015 | 3 |
| 17 | PPP/FEM/IWM/30/13312 | Financial Education Training Need Analysis fro Muslim Government Servants: Towards achieving a high income nation | Prof. Dr. Zurina Binti Shafii | 49,650 | 01/12/2012 - 25/03/2016 | 3 |
| 18 | PPP/FEM/IFWMI/IWM/30/15012 | Development Of Content For Shariah Audit Certification Training | Prof. Dr. Zurina Binti Shafii | 20,000 | 01/12/2012 - 01/07/2016 | 3 |
| 19 | USIM/MBSB/FEM/FEM/IFWMI/30/41715 | Financial Education For Children: Case Study On Kelab Simpanan Cheeky MBSB. | Prof. Dr. Zurina Binti Shafii | 50,000 | 01/06/2015 - 01/06/2019 | 2 |
| 20 | USIM/YTI/FEM/30/42415 | Islamic Financial Institutions’ Product Development For Social Sector | Prof. Dr. Zurina Binti Shafii | 33,000 | 01/09/2015 - 01/09/2016 | 3 |
| 21 | USIM/KTP/FEM/IWF/31/50213 | Program Latihan Perundingan Kewangan Syariah | Prof. Dr. Zurina Binti Shafii | 98,343 | 01/08/2013 - 01/07/2016 | 6 |
| 22 | USIM/RACE/FEM/IFWI/IWM/35/50212 | The Development of Workplace Financial Education for Civil Servants Using Islamic Financial Planning Approach | Prof. Dr. Zurina Binti Shafii | 50,000 | 01/12/2012 - 27/09/2017 | 2 |
| 23 | FRGS/FEM-03-50409 | The Development Of Halal Traceability Procedures for Local and Export Market of Halal Products | Prof. Dr. Zurina Binti Shafii | 50,000 | 01/12/2009 - 24/11/2014 | 1 |
| 24 | FRGS-FEM-32-50912 | Developing Halal Compliance Model for Halal Food Production Companies | Prof. Dr. Zurina Binti Shafii | 40,000 | 02/05/2012 - 24/11/2014 | 1 |
| 25 | USIM/UNISSA/MG/FEM/052002/70118 | Shariah Audit, Governance And Risk Management In Islamic Financial Institutions (IFIS) | Prof. Dr. Zurina Binti Shafii | 15,550 | 24/04/2018 - 23/04/2020 | 2 |
| 26 | USIM/UNISSA/MG/FEM/052002/70118 | Shariah Audit, Governance And Risk Management In Islamic Financial Institutions (IFIS) | Prof. Dr. Zurina Binti Shafii | 21,950 | 24/04/2018 - 23/04/2020 | 2 |
| 27 | PPPI/TB/FEM/13118 | Developing Sustainability Framework For Waqf-Based Health Care : A Comparative Analysis Among Social-Based Health Care Institutions | Prof. Madya Dr. Fuadah Binti Johari | 0 | 02/05/2018 - 02/05/2019 | 3 |
| 28 | PPP/FEM/IWM/30/14012 | Membangun Model Pelan Pembangunan Ekonomi Dalam membasmi kemiskinan Di Kalangan Asnaf Mualaf : Kajian Kes Di Negeri Selangor | Prof. Madya Dr. Fuadah Binti Johari | 50,000 | 01/12/2012 - 09/10/2015 | 3 |
| 29 | USIM/YTI/FEM/052002/40817 | Exploring The Principle of Tawriq In Liquidating Part Of Waqf Assets For Maintenance And Development | Prof. Madya Dr. Fuadah Binti Johari | 8,000 | 01/04/2017 - 07/02/2020 | 1 |
| 30 | USIM/FRGS/FEM/055002/50817 | Kaedah Mencairkan Tanah Wakaf Untuk Membiayai Projek Pembangunan Wakaf Di Malaysia | Prof. Madya Dr. Fuadah Binti Johari | 64,000 | 15/08/2017 - 15/08/2019 | 1 |
| 31 | USIM/FRGS/FEM/32/51113 | Membangun Kerangka Model Pungutan Wakaf Tunai Berdasarkan Faktor Kejayaan Kritikal (Critical Success Factors) Di Institusi Wakaf Di Malaysia | Prof. Madya Dr. Fuadah Binti Johari | 72,000 | 02/05/2013 - 01/07/2016 | 1 |
| 32 | USIM/MG/MAINS/FEM/055012/70417 | Memperkasa Fungsi Baitulmal Melalui Tadbir Urus Baik (Good Governance) Di Masjid Terpilih Negeri Sembilan | Prof. Madya Dr. Fuadah Binti Johari | 20,000 | 07/06/2017 - 07/12/2019 | 2 |
| 33 | PPP/ARG/FEM/30/16615 | The impact of game-based edu-tainment of muamalat and islamic banking products on the level of understanding among undergraduates undertaking islamic finance related courses | Prof. Madya Dr. Syahidawati Binti Hj. Shahwan | 10,000 | 22/02/2016 - 19/12/2018 | 3 |
| 34 | USIM/YIM/FEM/052002/42216 | Muamalat Interactive Game (Prototype) | Prof. Madya Dr. Syahidawati Binti Hj. Shahwan | 30,000 | 15/07/2016 - 30/05/2018 | 9 |
| 35 | USIM/YIM/FEM/052002/43517 | Muamalat Interactive Game ( Community Edition) | Prof. Madya Dr. Syahidawati Binti Hj. Shahwan | 80,000 | 01/03/2017 - 30/05/2018 | 9 |
| 36 | USIM/PRGS/FEM/055002/50217 | Developing A Prototype Game-Based Educational Tool: Enhancing Stakeholders' Competence On Halal-Product Management | Prof. Madya Dr. Syahidawati Binti Hj. Shahwan | 58,000 | 15/08/2017 - 15/02/2020 | 6 |
| 37 | USIM/FRGS/FEM/32/50516 | Maqasid-Oriented Framework For Islamic Financial Services Product Development | Prof. Madya Dr. Syahidawati Binti Hj. Shahwan | 50,000 | 01/08/2016 - 01/02/2019 | 1 |
| 38 | Konsortium Kecemerlangan Penyelidikan (KKP-KPT) | Synergyzing Waqf Ecosystem in Malaysia Islamic Social Finance: Measuring Impact of ‘Benefidonors’ Utilising the Digital Platform in Enhancing Sustainable Community Development | Prof. Dr. Fauzias Mat Nor | 500,000 | 1/01/2021 - 30/12/2022 | 1 |
| 39 | USIM/FRGS/FEM/055002/51719 | Developing a viable framework for governance of unsubstantiated claims in halal cosmetics | Prof. Madya Dr Khairul Akmaliah Adham | 84,000 | 01/09/2019 - 01/09/2021 | 1 |
| 40 | USIM/INT_CCKF/FEM/053000/41919 | Emergent players in the global halal market: a comparative study of Taiwan, Japan and Korea | Prof. Madya Dr Khairul Akmaliah Adham | 144,944 | 17/07/2019 - 17/01/2022 | 2 |