Dr Lutfi Abdul Razak

lutfi.razak@ubd.edu.bn

Lecturer, UBD School of Business and Economics



                              

Lutfi Abdul Razak is a Lecturer of Islamic Finance at the Universiti Brunei Darussalam School of Business and Economics (UBDSBE). His current academic and research interests are within the fields of Islamic Economics and Sustainable Finance. He has co-authored several articles in international, peer-reviewed journals and book chapters and has presented his work at academic conferences in Indonesia, Malaysia, and Brunei Darussalam. He received the President’s Award in recognition of achieving the best academic performance in the graduating class of 2019 for the Doctor of Philosophy in Islamic Finance at the International Centre for Education in Islamic Finance (INCEIF), Malaysia.

Prior to his Ph.D. at INCEIF, Lutfi worked as a lecturer at the Sultan Sharif Ali Islamic University (UNISSA) Brunei Darussalam. He also worked with the Centre for Strategic and Policy Studies (CSPS), Brunei Darussalam on a number of national projects, which includes: Land Optimization, National Productivity, Financial Literacy, and Doing Business.

EDUCATION

2019: PhD Islamic Finance (International Centre for Education in Islamic Finance, Malaysia)
2012: Postgraduate Diploma in Advanced Economics (University of Warwick, Untied Kingdom)
2009: MSc Economics (University of Warwick, United Kingdom)
2007: BSc. (Hons) Economics (University of Warwick, United Kingdom)

RESEARCH INTERESTS

Islamic Economics; Monetary Economics
Islamic Finance; Sustainable Finance
Applied Econometrics; Institutional Economics; Economic History; Behavioral Economics

FUTURE PROJECTS

Money and banking


Applications Invited
Masters and PhD
5

Scopus Publications

269

Google Scholar Citations

7

Google Scholar h-index

6

Google Scholar i10-index

Scopus Publications

RESEARCH OUTPUTS (PATENTS, SOFTWARE, PUBLICATIONS, PRODUCTS)

Academic Articles
1. Rizkiah, S., Disli, M., Salim, K., & Abdul Razak, L. (2021) “Switching Costs and Bank Competition: Evidence from Dual Banking Economies” Journal of International Financial Markets, Institutions and Money, 75., Retrieved from https://doi.org/10.1016/j.intfin.2021.101445
2. Abdul Razak, L., Ibrahim, M. H., & Ng, A. (2020). Which Sustainability Dimensions Affect Credit Risk? Evidence from Corporate and Country-Level Measures. Journal of Risk and Financial Management, 13(12), 316. MDPI AG. Retrieved from http://dx.doi.org/10.3390/jrfm13120316
3. Muslichah, Abdullah, R. & Abdul Razak, L. (2019) The Effect of Halal Foods Awareness on Purchase Decision with Religiosity as a Moderating Variable: A Study among University Students in Brunei Darussalam, Journal of Islamic Marketing Vol. 11(5), pp. 1094-1104 https://doi.org/10.1108/JIMA-09-2017-0102
4. Tanin, T. I., Mobin, M. A., Salim, K., Ng., A., Dewandaru, G., Nkoba, M. A. & Abdul Razak, L. (2019) How does Microfinance Prosper? An Analysis of Environmental, Social and Governance context, Sustainable Development Vol. 27(6) pp. 1001-1022 https://doi.org/10.1002/sd.1952
5. Ndiaye, N., Abdul Razak, L., Nagayev, R. & Ng, A., (2018) Demystifying SME Performance in Emerging & Developing Economies, Borsa Istanbul Review Vol. 18(4) pp. 269-281 https://doi.org/10.1016/j.bir.2018.04.003
6. Abdul Razak, L. & N. Saupi (2017) The Concept and Application of Daman al-Milkiyyah (Ownership Risk), ISRA International Journal of Islamic Finance Vol. 9(2) pp. 148-163 https://doi.org/10.1108/IJIF-06-2017-0002
7. Abdul Razak, L. (2013). Do Oil Price Shocks Matter? Evidence from an Oil-Exporting Economy. Centre for Strategic and Policy Studies Journal, 4, 75-98. http://www.csps.org.bn/wp-content/uploads/2021/01/CSPS-Journal-Vol-4-Dec2013.pdf
8. Abdul Razak, L. (2011). Brunei Darussalam's Labour Market: Issues and Challenges. Centre for Strategic and Policy Studies Journal, 3, 65-99. http://www.csps.org.bn/wp-content/uploads/2021/01/CSPS-Journal-Vol3-Dec2011.pdf

Book Chapters:
1. Abdul Razak, L., & Khan, S. (2021). The Development of an Islamic Capital Market in the D-8. Under Review, In Khalid, A. M., Ferguson, R. J., & Asadullah, M. N. (Eds.), Economic Integration and Global Governance in Emerging Muslim Economies Prospects and Challenges for D-8 Muslim Countries.
2. Bacha, O., & Abdul Razak, A. (2021). Developing Islamic Infrastructure Financing in the D-8: Prospects and Challenges. Under Review, In Khalid, A. M., Ferguson, R. J., & Asadullah, M. N. (Eds.), Economic Integration and Global Governance in Emerging Muslim Economies Prospects and Challenges for D-8 Muslim Countries.
3. Abdul Razak, L., & Gazali, H. M. (2021). Sustainable Finance in ASEAN: Challenges and Opportunities. Under Review, In V. T. King & B. Jetin (Eds.), Within Borneo, Beyond Borneo: Issues and Perspectives.
4. Abdullah, R., & Abdul Razak, L. (2016). Exploratory Research into Islamic Financial Literacy. In A. G. Ismail, R. Abdullah & K. Mohamed Ali (Eds.), Islamic Financial Literacy. UNISSA Press and IRTI/IDB.

Industry Articles
1. Brunei gears toward economic diversification syncing with Islamic finance, Islamic Finance News. https://www.islamicfinancenews.com/brunei-gears-toward-economic-diversification-syncing-with-islamic-finance.html
2. Corporate Social Performance and Credit Risk. New research elucidates how country sustainability can moderate financial risk. Banking Insight, Asian Institute for Chartered Bankers (AICB) https://www.arx.cfa/en/research/2020/08/soc030820-corporate-social-performance-and-credit-risk

CONSULTANCY

1. Academic Member, Macroeconomic Development Committee, Ministry of Finance and Economy (2021 - Present)
2. Focus Group Member, Waqf Empowerment Project, Ministry of Religious Affairs (2021 - Present)
3. Shari’ah Advisory Board Member, Bank Islam Brunei Darussalam (BIBD) Securities (2020 - Present)

INDUSTRY EXPERIENCE

2021: Panelist, Regional Trade and Diplomacy, Virtual Conference "The New Norm: Looking Back or Looking Forward" Global Awareness & Impact Alliance (GAIA)
2021: Moderator, Brunei Islamic Capital Markets Conference "Intersections between Islamic, Green and Sustainable Finance: Issues and Challenges" BILIF-INCEIF
2021: Moderator, ASEAN Workshop on the Blue Economy
2020: Technical Advisor, Fiqh Mu'amalat Professional Programme (FMPP) Enhacement Project, CIBFM
2019: Panelist, Muzakarah Ilmuan Kewangan Islam II - Sustainable Finance: Between Profits and Social Responsibility, CIBFM
2014: Facilitator, Economic Priorities Workshop, PENGGERAK, Prime Minister's Office

SOCIAL, ECONOMIC, or ACADEMIC BENEFITS

UBD Teaching:
- Postgraduate module: BI-5102 Islamic Economics
- Undergraduate modules: BE-4303 Economy of Brunei; BE-4307 Monetary Economics; BE-4312 Islamic Economics; BE-4315 Introduction to Game Theory; BE-1203 Statistics for Business and Economics

International academic journal article reviewer:
2022: International Journal of Finance and Economics (SSCI / Scopus Q2 / ABDC-B / ABS 3)
2022: Journal of Islamic Accounting and Business Research ( ESCI / Scopus Q3 / ABDC-C / ABS 1)
2021-2022: Journal of International Financial Markets, Institutions, and Money (SSCI / Scopus Q1 / ABDC-A / ABS 3)
2020-2022: Journal of Business Ethics (SSCI / Scopus Q1 / ABDC-A / ABS 3)
2020-2022: International Journal of Islamic and Middle Eastern Finance and Management (SSCI / Scopus Q2 / ABDC-B / ABS 1)
2020-2022: Journal of Sustainable Finance and Investment (ESCI / Scopus Q2 / ABS 1)
2020-2022: Future Business Journal (ESCI)
2020-2022: Journal of Business and Economic Analysis
2021: Journal of Economic Cooperation and Development (Scopus Q3)
2021: Asian Journal of Accounting Research (ABDC-C)