Dr Lutfi Abdul Razak


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). 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. His current academic and research interests are within the fields of Islamic Finance and Sustainable Finance. He has co-authored several articles in peer-reviewed journals and book chapters and has presented his work at academic conferences in Indonesia, Malaysia, and Brunei Darussalam.

Prior to his PhD 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.


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)


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


Scopus Publications


Google Scholar Citations


Google Scholar h-index


Google Scholar i10-index

Scopus Publications


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, & Money (Accepted)
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


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