INTRODUCING

Assoc. Prof. Dr. Maya Puspa Rahman

Country of Origin
Malaysia

Qualification
Doctor of Philosophy (Islamic Banking and Finance), IIUM Institute of Islamic Banking and Finance (IIiBF), Malaysia. (2015)

Email

Phone Number
+603 7651 4021

A Brief Introduction

Dr Maya Puspa possesses over a decade of experience teaching economics and finance in esteemed higher-learning institutions in Malaysia and United Arab Emirates (UAE). Prior to joining the academia, she was working with an investment bank, fund management and takaful firm specialising on investment and fund management. She obtained her Bachelor of Business in Economics and Finance from the Royal Melbourne Institute of Technology, Australia; Master of Economics from the International Islamic University Malaysia (IIUM) and Doctor of Philosophy (Islamic Banking and Finance) from the IIUM Institute of Islamic Banking and Finance (IIiBF), Malaysia.

She was involved in many research collaborations with national and international agencies including the Ministry of Finance (MOF), the United States Agency for International Development (USAID), the Asian Institute of Finance (AIF), the United Nations Development Programme (UNDP), Credit Counselling and Debt Management Agency (AKPK), Ministry of Higher Education (MOHE) focusing on financial economics, monetary economics and with the recent research interest on care economy. Her publication covers financial digitalisation, green energy, crowdfunding, sukuk, bonds, complementary currencies and structured products.

Dr Maya Puspa actively conducts workshops, training and seminars for local and foreign universities including institutions such as the Wanita Berdaya Selangor, Institute of Diplomacy and Foreign Relations (IDFR), Malaysian Ministry of Foreign Affairs, ISRA Associates and previously with the Istanbul School of Central Banking, SAHARA Group Training and Consultancy Istanbul and IIUM Centre for Continuing Education.

At INCEIF University she is currently the Associate Dean, Curriculum and Accreditation, School of Graduate and Professional Studies. A strong advocate for economic and financial education among youth, she emphasizes practical elements when teaching courses on money and banking, Islamic banking and finance as well as financial economics, for effective learning.
https://www.linkedin.com/in/maya-puspa-rahman-87400174/

Publications

  • Rahman, M. P., Musari, K., Killinc-Ata, N., & Mahsyar, N. M. (2026) Funding Energy Transition with Islamic Finance in Muslim-Majority Countries: Evidence from ASEAN, Central Asia, and the Maghreb Region in Islamic Finance, Energy Transition and Sustainability (Chapter 5). World Scientific.
  • Rahman, M. P., Musari, K., Mahsyar, N. M., & Killinc-Ata, N. (2025) Towards a Sustainable Future: Evaluating Green Sukuk in Indonesia and the UAE in Islamic Finance and Sustainability (pp. 487-507). Routledge.
  • Klinc-Ata, N and Rahman, M. P. (2025). Digitalization and financial development contribution to the green energy transition in Malaysia: Findings from the BARDL approach. Natural Resource Forum A United Nations Sustainable Development Journal, 1-19, Oxford, UK: Blackwell Publishing Ltd. https://doi.org/10.1111/1477-8947.12509
  • Rahman, M.P., Mohd Thas Thaker, M.A. and Duasa, J. (2020), Developing a Sharīʿah-compliant equity-based crowdfunding framework for entrepreneurship development in Malaysia, ISRA International Journal of Islamic Finance, Vol. 12 No. 2, pp. 239-252. https://doi.org/10.1108/IJIF-07-2018-0085
  • Bhuiyan R.A., Rahman M.P., Saiti, B. & Ghani G.M (2019). Does the Malaysian sukuk market offer any portfolio diversification opportunity for global fixed income investors? Evidence from Wavelet Coherence and Multivariate-GARCH Analyses. North American Journal of Economics and Finance, 47, 675-687. https://doi.org/10.1016/j.najef.2018.07.008
  • Bhuiyan R.A., Rahman M.P., Saiti, B. & Ghani G.M (2018). Financial Integration between Sukuk and Bond Indices of Emerging Markets: Insights from Wavelet Coherence and Multivariate-GARCH Analysis. Borsa Istanbul Review, 18(3), 218-230. https://doi.org/10.1016/j.bir.2017.11.006
  • Rahman, M. P., & Kassim, S. (2017). Are Shariah-Compliant Structured Products Able to Withstand Global Financial Shocks? A New Perspective on the Performance of Shariah-compliant Structured Investment-linked Plans in Malaysia. Journal of Economic Cooperation and Development, 38(1), 161-182. https://www.sesric.org/publications-jecd-articles.php?jec_id=102

Applied Research / Achievement

Applied Research / Achievement

     

  • Winner of Best Paper: Would Muslim Entrepreneurs Use Shariah-Crowdfunding Model for Financial Sustainability? at the 10th Foundation of Islamic Finance Conference 2019, 28 November 2019, Sunway University, Malaysia (Main Author).
  • Sponsored paper presenter at the 3rd Gulf Research Meeting (GRC), August 11-14, 2012, University of Cambridge, United Kingdom.
  • Sponsored paper presenter International Conference on Islamic Capital Markets, June 19-2012, Jakarta, Indonesia.
  • Sponsored for PhD Islamic Banking and Finance by the Malaysian Ministry of Higher Education – Biasiswa Skim Latihan Akademik Institut Pengajian Tinggi Awam (SLAI) Kementerian Pengajian Tinggi.
  • Sponsored for Bachelor Degree Programme, Royal Melbourne Institute of Technology (RMIT) Australia – under the scholarship of the Malaysian Public Services Department (Jabatan Perkhidmatan Awam JPA).

Teaching Courses