Dr. Marjan Muhammad

• Journal Articles
  1. Muhammad, M. (2023). Islamic Fintech: Accelerating the Financial Inclusion Agenda in Malaysia. Nomura Journal of Asian Capital Markets, Vol. 8, Issue 1, pp. 11-17.
• 2. Mustafa, M., Sairally, S., Muhammad, M. (2018). Tier 2 Capital Instruments under Basel III: A Sharīʿah Viewpoint. Arab Law Quarterly. 32(3), pp. 205-241 (Scopus-indexed)
• 3. Sairally, S., Muhammad, M. and Mustafa, M. (2016). Additional Tier 1 Capital Instruments under Basel III: A Sharīʿah Viewpoint. Arab Law Quarterly. 30(2), pp. 138-162 (ISI and Scopus-indexed)
• 4. Muhammad, M., Sairally, S., Zada, N. (2016). Issues and Challenges in Islamic Banking Structures: The Malaysian Experience. ISRA International Journal of Islamic Finance. Vol. 8, Issue 1. pp.165-172.
• 5. Sairally, S, Muhammad, M, and Mustafa, M. M. (2015). Structuring Innovative Tier 2 (T2) Capital Instruments Under Basel III: A Sharīʿah Perspective. ISRA International Journal of Islamic Finance, Vol. 7, Issue 2, pp. 163-170.
• 6. Mohamad, S., Muhammad, M., Habib, F., and Salim, K. (2015). Criteria for Determining the Shari’ah-compliance of Share: A Fiqhi Analysis. ISRA International Journal of Islamic Finance, Vol. 7, Issue 2, pp. 171-178.

Proceedings/Presentations/Panelist

• 1. Muhammad, M. (2024). Full and Partial Transfer Mechanisms: Shariah Issues and Solutions. Slides presented in Muzakarah on Failure Resolution of Islamic Financial Institutions, organised by Perbadanan Insurans Deposit Malaysia, 11 September 2024.
• 2. Muhammad, M. (2023). Bank Resolution – Shariah Considerations in the Resolution of Islamic Banks. Slides presented in Masterclass Session, PIDM National Resolution Symposium 2023, organized by Perbadanan Insurans Deposit Malaysia, 19 October 2023.
• 3. Muhammad, M. (2023). Fintech and the Islamic Finance Industry in Malaysia: The Way Forward. Keynote Speaker – Slides presented in ICT4M, organised by International Islamic University Malaysia, 16 August 2023.
• 4. Muhammad, M. (2023). The Role of Islamic Fintech in Financial Inclusion: The Case of Malaysia. Keynote Speaker – Slides presented in Fintech 2023 Conference, organised by Setif University, 3-4 May 2023.
• 5. Eldersevi, S., & Muhammad, M. (2022). Asnaf Care: A Case Study of the Malaysian-based Charity Crowdfunding Platform to Combat the Impact of COVID-19. 5th International Conference of Zakat (ICONZ) (ISSN 2655-6251), Indonesia: Center of Strategic Studies, BAZNAS, pp. 615-626.
• 6. Muhammad, M. & Mohamad, H. (2020). Shariah Parameters of Necessity (Darurah) and Need (Hajah): Their Practical Implementation in Modern Islamic Financial Transactions. Slides presented in International Shariah Scholars Forum (ISSF) organized by ISRA, 10-11 November 2020.
• 7. Muhammad, M. (2019). Panelist in The London Summit 2019 on Reimagining Islamic Finance, Session on The Shariah debate Moving from Halal to Tayyib – How does the Maqasid al Shariah align with the SDGs, 2 October 2019.
• 8. Muhammad, M. (2019). Key Economic and Financial Trends that Drive Global Islamic Finance Industry. Slides Presentation in 2nd Meeting of ‘OIC Economic Outlook’ & ‘Financial Inclusion’ Working Groups organized by the Central Bank of Republic of Turkey, 17 June 2019.
• 9. Muhammad, M. (2018). VBI: Scope and Means of Implementation in Malaysia. Paper presented in 6th International Conference on Entrepreneurial Finance (CIFEMA) 2018 organized by Agadir University, 6 November 2018.
• 10. Muhammad, M. & Ramli, R. (2018). Islamic Fund Management. 11th Financial Cooperation Working Group (FCWG) Meeting organised by the Standing Committee of the Economic and Commercial Cooperation of the OIC (COMCEC), 25 October 2018.
• 11. Muhammad, M & Zada, N. (2018). VBI: Scope and Means of Implementation. Paper presented in International Shariah Scholars Forum (ISSF) organized by ISRA, 1 October 2018.
• 12. Panelist, Securities Commission Malaysia’s Shariah Adviser Programme, Session on: Smart Contracts and Its Application in ICM, 19 September 2018.
• 13. Panelist, Franklin and Templeton Islamic Forum: Evolving with Times Transforming the Shariah Investment Landscape, Session on: The Big Question – Digital Currency, Halal or Haram?, 28 April 2018
• 14. Muhammad, M. (2018). Shariah Perspectives of Cryptocurrency. MOHE-UM-INCEIF Islamic Finance Research Seminar. University of Malaya. Kuala Lumpur, Malaysia, 5 April 2018.
• 15. Muhammad, M. & Ramli, R. (2018). The Role of Sukuk in Islamic Capital Markets. 10th Financial Cooperation Working Group (FCWG) Meeting organised by the Standing Committee of the Economic and Commercial Cooperation of the OIC (COMCEC), 29 March 2018.
• 16. Muhammad, M. (2018). Shariah Analysis of Cryptocurrency: A Case of Bitcoin. Roundtable Discussion on Cryptocurrency and Digital Financial System. IKIM. Kuala Lumpur, Malaysia, 28 February 2018.
• 16. Muhammad, M. (2017). Infrastructure Sukuk: Prospects for Risk-sharing Financing. 2nd Global Forum on Islamic Economics Banking and Finance. University of Management Technology, Felleti’s Hotel, Lahore, Pakistan. 25-26 January.

Chapter in Book

• 1. Muhammad, M. & Muhammad, M. R. (2020). ‘Analisis Syariah Terhadap Bitcoin, in Omar, M. N. (Ed.), Islam dan Matawang Kripto, Kuala Lumpur: Institut Kefahaman Islam Malaysia
• 2. Sairally, S. & Muhammad, M. (2020). ‘Exploring New Trends of Waqf in the Islamic Capital Market’, in Saiti, B. & Sarea, A. (Eds.), Challenges and Impacts of Religious Endowments on Global Economics and Finance, USA: IGI Global.
• 3. Ali, A.G., Muhammad, M., Sairally, S., & Ahmad Fuad, S. (2019). ‘Case Studies on Shariah Governance in Saudi Arabia’, in Ali, S. Nazim, Wijdan, T., & al-Quradaghi, B. (Eds.), The Edinburgh Companion to Shari’ah Governance in Islamic Finance, Scotland: Edinburgh University Press, pp. 302-319.
• 4. Kasri, N., & Muhammad, M. (2019). ‘The Investment Account Platform: A practical application
  of fintech in Malaysia’, in Umar, A. O. & Nazim, A. (Eds.), Fintech in Islamic Finance, New York: Elsevier, pp. 249-265.
• 5. Lahsasna, A. & Muhammad, M. (2018). ‘Issues in Islamic Estates’ in Islamic Wealth Management Report 2018. London: Edbiz Consulting.
• 6. Muhammad, M. and Sairally, S. (2017). The Shari’ah Perspective on Sukuk Assets: Dynamics of Fiqhi Opinions in Islamic Finance: A New Normal. Kuala Lumpur: RAM Publication.
• 7. Shaikh, O., Muhammad, M., Haq, N. and Ahmed, M.U. (2016). External Shari’ah Audit Report. England: UKIFC and Kuala Lumpur: ISRA.
• 8. Sairally, S., Muhammad, M. and Hassan, S. (2015). The Development of Offshore Financial Centres for Islamic Finance in the Gulf Cooperation Council: Competitive Positions and Challenges. In: ASUTAY, M. & TURKISTANI, A., ed., Islamic Finance: Political Economy, Performance and Risk. Berlin & London: Gerlach Press.

Edited Book

• 1. Muhammad, M. & Sairally, S. (2023). Islamic Capital Markets: Principles & Practices (2nd Edn.). Kuala Lumpur: ISRA Research Management Centre, An Imprint of INCEIF University.
• 2. Muhammad, M. & Ahmed, M.U. (2023). Islamic Financial System: Principles and Operations (3rd Edn.). Kuala Lumpur: ISRA Research Management Centre, An Imprint of INCEIF University.
• 3. El-Tahir, H, Sairally, S. & Muhammad, M. (2019). Sustainable finance: Can Sukuk Become a Driver of Solar and Green Energy Growth? Bahrain & Kuala Lumpur: Deloitte-ISRA.
• 4. Sairally, S. & Muhammad, M. (2017). Sukuk: Principles and Practices. Kuala Lumpur: International Shariah Research Academy for Islamic Finance.
• 5. Muhammad, M. & Ahmed, M.U. (2016). Islamic Financial System: Principles and Operations (2nd Ed). Kuala Lumpur: International Shariah Research Academy for Islamic Finance.
• 6. Muhammad, M., Sairally, S., and Habib, F. (2015). Islamic Capital Markets: Principles & Practices. Kuala Lumpur: International Shariah Research Academy for Islamic Finance.

Translated Book:

• 1. Al-Qaradawi, Y. (2024). The Role of Values and Ethics in the Islamic Economy (M. Muhammad et al., Trans.). Kuala Lumpur: ISRA Research Management Centre.