Asst. Prof. Dr. Zhang Hengchao (Dr. Ali Zhang)

5 Recent Publications

• “ESG and Banking Performance in Emerging and Developing Countries: Do Islamic Banks Perform Better?” joint with Faaza Fakhrunnas, and Turalay Kenc, Journal of Islamic Monetary Economics and Finance (2025)
• “Trust as the engine of change: A conceptual model for trust building in zakat institutions”, Joint with Jamaludin Husna, Syed Salleh Sharifah Nabilah, and Lacheheb Zakaria, Journal of Islamic Accounting and Business Research (2025)
• “Zakat and Poverty Alleviation in Malaysia: A Systematic Review and Bibliometric Analysis”, Joint with Hasibuan Ade Syahputra Razali, et al. International Journal of Islamic Economics and Finance Research (2024)
• “Reevaluating the risk minimization utility of Islamic stocks and bonds (Sukuk) in international financial markets”, Joint with Imtiaz Sifat, Azhar Mohamad, and Philip Molyneux, European Journal of Finance (2022)
• “Are Islamic stock markets immune from contagion during the financial crisis?”, Jointly with Azhar Mohamad, and Zarinah Hamid, Journal of Economic Cooperation and Development (2021)

Refereed Articles

• Sifat, I., Mohamad, A., Zhang, H., & Molyneux, P. (2022). Reevaluating the risk minimization utility of Islamic stocks and bonds (Sukuk) in international financial markets. European Journal of Finance. [ABDC-A,ERA,SCOPUS-Q1,SSCI]
• Zhang, H., Mohamad, A., & Hamid, Z. (2021). Are Islamic stock markets immune from contagion during the financial crisis? Journal of Economic Cooperation and Development. [SCOPUS-Q2]

Chapters, Cases, Readings, Supplements

Chapters

• Zhang, H., Afroz, R., & Imon, R. A. (2024). Islamic Finance and its Role in Fostering Sustainable and Inclusive Economic Growth: A Bibliometric and Content Analysis. Green Finance for Sustainability: What Role Does Islamic
  Finance Play?.
• Hamid, Z., & Zhang, H. (2021). Roles of Social Entrepreneurship in Modern Economic System. A Contemporary Theory
  of Social Entrepreneurship for Sustainable Wealth Creation. IIUM Press.
• Hamid, Z., & Zhang, H. (2021). Economic Theories on Social Entrepreneurship. Contemporary Theory of Social Entrepreneurship for Sustainable Wealth Creation. IIUM Press.

Refereed Proceedings

• Hengchao, Z., Afrozb, R., Imon, R. A., & Salim, K. (2024). CHALLENGES AND OPPORTUNITIES OF ISLAMIC FINANCE IN FOSTERING INCLUSIVE AND SUSTAINABLE GROWTH: A BIBLIOMETRIC AND CONTENT ANALYSIS. 3rd International Conference on Islamic Economics 2024 (3rd ICONIE 2024), Kajang Selangor, Malaysia: Selangor Islamic University.
• Zhang, H., Hamid, Z., Mohamad, N., Mior Nazri, M., & Abdul Rahman, M. P. (2023). Quantum Science and Technology (QST) Education-A Bibliometric Analysis. International Conference on Sustainable Development 2023 (ICSDG2023).

Other Publication
Articles in industry/trade magazine

2024: Zhang, H., Chaptering a Sustainable Path for Malaysia: Unveiling the Nexus of Islamic Finance Development and Climate Change. Published in IF Hub Magazine, Janunary Issue, 2024

Research

External

2022: Hengchao, Z. Developing a Capacity Maturity Model for Business Analytics Education in Malaysia Higher Education Institutions, Principal Investigator, GOV-Ministry of Education (MOE).

Conference, Seminar & Symposium

International

• Zhang, H., Afroz, R., Imon, R. A., & Salima, K. (2024). Challenges and Opportunities of Islamic Finance in fostering Inclusive and Sustainable Growth: a Bibliometric and Content Analysis. 3rd International Conference on Islamic Economics 2024, Sarajevo, Bosnia. [Status: Presented] [Refereed] [Type: Paper (independent)]
• Zhang, H. (2023). DYNAMIC EFFECTS OF ISLAMIC FINANCE AND INSTITUTIONAL QUALITY ON ENVIRONMENT QUALITY IN MALAYSIA. 15TH INTERNATIONAL CONFERENCE ON ISLAMIC CAPITAL MARKETS, Tehran, Iran. [Status: Presented] [Refereed] [Type: Paper (independent)]
• Zhang, H., Hamid, Z., Mohamad, N., Nazri, M. N.M., & Rahman, M. P.A. (2023). Quantum Science and Technology (QST) Education-A Bibliometric Analysis. International Conference on Sustainable Development 2023 (ICSDG2023), Penang, Malaysia-Penang. [Status: Presented] [Refereed] [Type: Paper (independent)]

Keynote Speaker

• 2024: International Seminar on Islamic Finance and Sustainability Nexus, Department of Finance, University of Dhaka. Keynote Presentation: Institutional Quality and Islamic Finance-Environmental Sustainablity Nexus-the case of Malaysia
• 2024: Central Shariah Board For Islamic Banks of Bangladesh. Keynote Speech: Bell-Road Initiative (BRI) Projects Financing—Opportunities for Sukuk

Moderator

• 2024: International Conference on Social Research and Innovation, in Male’, Maldives. Moderator for the track “Entrepreneurship, Finance and Industry”