Md. Mahmudul Alam

Md. Mahmudul Alam
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Md. Mahmudul verified their affiliation via an institutional email.
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Md. Mahmudul verified their affiliation via an institutional email.
  • Ph.D. In Environment and Development Finance
  • Professor at BRAC University

About

440
Publications
622,942
Reads
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9,464
Citations
Introduction
Dr. Md Mahmudul Alam, Prof. of Finance at BRACU & Sr. Res. Fellow at UUM, is a Stanford-ranked top 2% global scientist and Bangladesh’s #1 finance researcher (AD Scientific Index). A Registered Financial Planner, Certified Climate Adaptation Finance Expert, and former AFFP fellow (Frankfurt School & TDRI), he has 200+ publications and editorial roles in 24 international journals, reaching 2M+ readers with his research on financial markets, Islamic finance, and sustainable finance & development.
Current institution
BRAC University
Current position
  • Professor
Additional affiliations
February 2020 - April 2025
Northern University of Malaysia
Position
  • Professor (Associate)
April 2015 - present
Northern University of Malaysia
Position
  • Professor (Assistant)
Description
  • Teaching, student supervision, and research
April 2006 - March 2009
GrameenPhone
Position
  • Manager

Publications

Publications (440)
Article
Purpose This study aims to investigate the relationship between competition and bank risk-taking in Indonesian Islamic banking using linear and non-linear approaches. Design/methodology/approach The dynamic panel regression using a two-step system generalized method of moments (GMM) is used to investigate the impact of competition on Z-score and f...
Article
This study analyses how corporate social responsibility (CSR) disclosure practices build corporate identity. Banks use CSR to demonstrate their beliefs and commitment to social well-being, as stakeholders demand for them to be ethical and socially responsible. By determining the most effective CSR component, banks are able to ensure that stakeholde...
Method
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This guideline explores the transformative role of AI tools in academic writing, improving efficiency and creativity. It highlights essential AI-driven strategies for academic writing and other regular activities. The document also addresses the limitations of AI in academic contexts. Practical examples are provided, illustrating how AI can be used...
Method
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This method file provides a comprehensive guide on conducting and publishing a systematic literature review (SLR), specifically tailored for achieving publication in high-impact academic journals. It outlines the key stages of an SLR, offering practical tips and step-by-step instructions on formulating research questions, searching databases like S...
Method
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This document provides a comprehensive guide to preparing an effective thesis proposal, covering crucial aspects like formulating research questions, conducting a literature review, defining methodology, and preparing for the proposal defense. It offers valuable insights and practical tips for graduate students navigating the thesis writing process...
Article
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Purpose — This study aims to discuss several examples of temporary Islamic endowments (waqfs) in the modern period, arguing that jurists and Muslim endowment managers should utilise them more widely to adjust to current societal circumstances and open the door for new ways of caring for those in need. Design/Methodology/Approach — It employed textu...
Article
Purpose The purpose of this study is to investigate the link between corporate social responsibility (CSR) and the amount of trust customers have in Somali Islamic banks. Furthermore, the role of gender in CSR activities and Islamic bank clientele is evaluated. Design/methodology/approach Throughout February and March 2022, 410 clients of Islamic...
Article
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Micro, Small, and Medium-sized Enterprises (MSMEs) in Thailand were assessed in this study to determine the short-term and long-term economic effects of post-COVID- 19 -, with the goal of developing policy guidelines that focus on the methods and strategies that will further develop and help recover these sectors. MSMEs are the most vulnerable and...
Article
Purpose Using conservation of resources (CoR) theory, this study investigates the role of emotional energy as a mediating mechanism in the relationship between workplace ostracism and employees' service-oriented behaviour, as well as the moderating result of workload on the relationship between emotional energy and service-oriented behaviour. Desi...
Conference Paper
Full-text available
Malaysia introduced the Financial Sector Blueprint 2011-2020 as a strategic initiative to fortify its financial sector and propel the nation towards becoming a high-value-added, high-income economy.Following the culmination of the Financial Sector Blueprint 2011-2020, Malaysia has recently launched anew five-year Financial Sector Blueprint spanning...
Article
Purpose This research paper aims to empirically explore how stock market investors’ perceptions are affected by extreme climatic events like El Nino and floods in Malaysia. Design/methodology/approach This study uses structural equation modelling (SEM) to analyse the empirical data gathered through a questionnaire survey involving 273 individual i...
Article
Purpose Cash waqf is a powerful financial instrument that deals with the issue of liquidity constraints in waqf institutions. While there are several models of cash waqf operating in different countries, there is increasing demand for innovative cash waqf models, especially within the financial technology context. This paper aims to propose a pract...
Article
Full-text available
Determining the true reasons for happiness that exist in different social groups is important, especially in the case of those groups where poverty strongly dominates people's well‐being and happiness. To understand the factors that determine happiness among poor communities, this study collected data in the form of 1,793 responses from low‐income...
Article
Purpose The sustainable development goals (SDGs) devised by the United Nations (UN) call on countries – whether rich or poor – to solve global issues, improve lives and save the planet for future generations. However, the UN predicts that between $5 and $7tn will need to be spent annually between now and 2030 to accomplish these goals, posing a maj...
Article
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We investigated the macroeconomic determinants of neonatal, infant, and under-five mortalities in Bangladesh for the period 1991–2018 and discuss implications of the United Nations’ Sustainable Development Goal 3 (SDG 3) and Millennium Development Goal 4 (MDG 4) for developing countries. We used annual time series data and the econometric technique...
Article
This study explains the asymmetric Exchange Rate Pass-Through (ERPT) to inflation in Indonesia, Malaysia, and the Philippines, which adopted the floating exchange rate after the 1998 financial crisis. Our empirical results show the existence of the long-run asymmetric ERPT to inflation such that there is no full transmission of depreciation to infl...
Article
Full-text available
Purpose — This study empirically assesses the extent to which the conventional deposit rate (CDR) affects the Islamic deposit rate (IDR) in Indonesia and Malaysia within the dual banking system. Design/Methodology/Approach — This study uses non-linear autoregressive distributed lag (NARDL) and panel cointegration. Monthly data are employed, but the...
Preprint
To operate successfully in this credit card industry, various kinds of credit cards are offered to distinct user groups. This empirical study is conducted in Malaysia, and it examines the features of different types of credit card available. By using descriptive and one-way ANOVA test, this study analyses data of 234 credit cards which were collect...
Article
Purpose The Maqāṣid (objective) hierarchy is a triple-tiered conceptualisation of individual and social needs that is grounded in the five objectives of Sharīʿah (Islamic Law). Managerialism is the ideological representation of human interaction based on managerial doctrines and practices. This paper aims to explore the tension between the Maqāṣid...
Article
Full-text available
COVID-19 has placed a focus on the global energy industry. The global energy system in 2020 and beyond was covered in this article. The epidemic had immediate implications on energy demand, particularly for oil, and on energy bills. According to the IEA, understanding the development of the low-carbon energy system and the eventual demise of the cu...
Article
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The COVID-19 pandemic is not only hugely disrupting the global economy but also virtually bringing the sports sector to its knees. Using a descriptive exploratory study approach, this paper identifies the challenges for the sports industry caused by COVID-19. The findings revealed that COVID-19 has led to shortfalls in revenue, loss of jobs and sub...
Article
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The paper reports a re-examination of the environmental Kuznets curve (EKC) hypothesis for Bangladesh; considering economic growth and greenhouse gas (GHG) emissions (such as CO2, CH4, and N2O). The autoregressive distributive lag (ARDL) model and VAR-based innovative accounting approach (IAA) with the combination of Variance Decomposition and Impu...
Article
Purpose-This study empirically assesses the extent to which the conventional deposit rate (CDR) affects the Islamic deposit rate (IDR) in Indonesia and Malaysia within the dual banking system. Design/Methodology/Approach-This study uses non-linear autoregressive distributed lag (NARDL) and panel cointegration. Monthly data are employed, but the tim...
Article
Full-text available
The net contribution of the decomposed measures of foreign direct investment (FDIs), e.g., the inward and outward flows of FDIs, to domestic investment is still inconclusive in the case of underdeveloped and developing countries. The current literature bears testimony to this fact. Hence, this research examines the impact of inward and outward fore...
Chapter
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The concept of green energy has come to the fore as a strategic sustainable energy formation process for the whole world since the last three decades, but it has gained enormous interest during recent years. Green Energy is referred to clean sources of energy that generate lower environmental impact in relation to conventional energy technology (Bh...
Article
Purpose Traditional market revitalisation is an important policy designed to reduce unfair competition between traditional markets and modern businesses. This study aims to determine, analyse and illustrate the implementation of corporate governance principles so that traditional markets can be revived in accordance with the United Nations’ sustain...
Article
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Environmental, Social and Governance (ESG) ratings are widely recognised methods to assess the sustainability practices of corporations. However, the scores of these ratings are not satisfactory in emerging market economies. This study examines the financial factors that influence ESG ratings regarding public listed companies on the FTSE4 Good Burs...
Article
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The clean energy transitions require a large volume of minerals to handle its diverse technologies, such as solar photovoltaics (PV), wind turbines etc. Therefore, mineral importing countries concentrated on cleaner energy production confront an uprising trend in critical mineral prices due to thriving demands. We quest for the response of the top...
Preprint
The clean energy transitions require a large volume of minerals to handle its diverse technologies, such as solar photovoltaics (PV), wind turbines etc. Therefore, mineral importing countries concentrated on cleaner energy production confront an uprising trend in critical mineral prices due to thriving demands. We quest for the response of the top...
Preprint
Zakat is compulsory charity in Islam to fight poverty and inequality, but there is a gap in literature concerning the performance of zakat in terms of achieving sustainable development for its recipients. Therefore, this study intends to assess the role of zakat in achieving the sustainable development status for recipients. This study collected pr...
Article
Full-text available
Purpose This study examines whether corporate governance enhances the financial and social business performance of three-to five-star hotels in Western Australia (WA) through the three dimensions of market orientation (i.e. customer orientation, competitor orientation and inter-function coordination) as mediators. Design/methodology/approach Data...
Article
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National governments and their development partners have considered microcredit as a strategic tool for vulnerable populations. Easy access to finance increases the client’s ability to invest and allows clients to use resources to change their behaviour, increase their business opportunities and create employment. This paper aims to review studies...
Preprint
Purpose: This study aims to measure the relationship between the current practice status of good governance and that of integrity in the public sector of Malaysia.Design/methodology/approach: This study collected primary data based on a set of questionnaire surveys among heads of 109 departments and agencies under 24 federal ministries, including t...
Preprint
This investigation quantified spatial variability of heavy metals and followed methods of the U.S. Environmental Protection Agency (EPA) to estimate the hazard indices as well as cancer risks associated with consuming fish caught in the waters of the Langat river basin area, Malaysia. The calculation of metal pollution index (MPI) was carried out t...
Article
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Pandemics leave their mark quickly. This is true for all pandemics, including COVID-19. Its multifarious presence has wreaked havoc on people's physical, economic, and social life since late 2019. Despite the need for social science to save lives, it is also critical to ensure future generations are protected. COVID-19 appeared as the world grapple...
Article
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Reduced electricity demand through the implementation of an energy efficiency policy is a central pillar of the Malaysian government’s energy strategy. Energy efficiency first emerged as part of Malaysia’s energy policy agenda in 1979 but only came into force during the 2000s. Initially, it was seen from global fears about the shortage of fossil fu...
Article
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To gain quantifiable and explainable changes in LULC about Hakaluki Haor in Bangladesh, this study employed Landsat satellite data to interpret LULC from 2000 to 2019. Four change detection analyses (2000–2005, 2005–2010, 2010–2015, and 2015–2019) were done to detect the shifting process of different LULC classes. There was significant rapid growth...
Preprint
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The study aimed to provide additional insights on how supply chain management practices are used to promote sustainable development in line with Maqasid Al-Shariah principles of Islam. A multiple case study approach involving two major automotive firms in Malaysia was used to address key research issues. The results show that these SCM practices, v...
Preprint
The study looked at the level of sustainable development, whether the institutional factors or often, the demographic changes over time, that might have an impact. The data was meticulously collected through 427 returned questionnaires among zakat recipients in eleven districts of Kedah, Malaysia, and it was thoroughly analysed using path technique...
Preprint
There are many market segmentations in the credit card industry in Malaysia. One of the special categories of credit card is dedicated to the women group only and promoted as a tool for increasing women empowerment, women entrepreneurship development and women financial access ability. Therefore, this study compares the features of credit cards ded...
Preprint
Market orientation has been known as an efficient managerial tool to assist in sustaining the performance of organisations. Market orientation has three dimensions, namely customer orientation, competitor orientation and inter-function coordination. This paper evaluates how corporate governance influences the three dimensions of market orientation...
Preprint
This research assesses the influence of hosting major international sporting competitions on the host countries’ stock market performance before and after the announcement of such events. Specifically, this study explores whether stock markets of hosting countries experience cumulative average abnormal return (CAAR) during the aforementioned period...
Preprint
Purpose - The primary role of auditors is to offer fiduciary services to the society and users of the financial reporting. With this role, users placed their trust and dependent on the ability and judgment made by the auditors during their auditing works. However, recent financial scandals involving high profile companies frustrated the public’s ex...
Preprint
The outbreak of COVID-19 has weakened the economy of Australia and its capital market since early 2020. The overall stock market has declined. However, some sectors become highly vulnerable while others continue to perform well even in the crisis period. Given this new reality, we seek to investigate the initial volatility and the sectoral return....
Article
Full-text available
Economic structural changes are a major factor that has a big impact on most of a country or region's economic systems and operations, as well as the environment. This study looks at how conventional energy-based power use affects carbon emissions in Pakistan through a structural change analysis of the country from 1971 to 2018. It uses the autoreg...
Preprint
This research investigates the health impacts and access to health services by children who are engaged in waste collection in Dhaka, the capital city of Bangladesh. The relevant qualitative data were collected through expert interviews and personal observations, while quantitative data were gathered through a face-to-face questionnaire survey give...
Preprint
The increasing level of greenhouse gas carbon emission currently exacerbates the devastating effect of global warming on the Earth’s ecosystem. Energy usage is one of the most important determinants that is increasing the amount of carbon gases being released. Simultaneously, the level of energy usage is derived by the price and therefore, this stu...
Preprint
Full-text available
The east coast of Malaysia is frequently hit by monsoon floods every year that severely impact people, particularly those living close to the river bank, which is considered to be the most vulnerable and high-risk areas. We aim to determine the most vulnerable area and understand affected residents of this community who are living in the most sensi...
Preprint
This study aims to investigate the effectiveness of zakat institutions from the zakat recipients’ perspective. Researchers opine that empowering is a matter of utmost importance in order to ensure recipients are self-sufficient, self-reliant and can withstand any hardship come it may. Therefore the zakat authorities need to safeguard a robust empow...
Preprint
Full-text available
Landslides represent one of the world’s most dangerous and widespread risks, annually causing thousands of deaths and billions of dollars worth of damage. Building on and around hilly areas in many regions has increased, and it poses a severe threat to the physical infrastructure and people living within such zones. Quantitative assessment of socia...
Preprint
Shariah or Islamic Law is a comprehensive set of laws that includes principles and guidelines for every component of human living. The main objectives of Shariah are known as Maqasid al-shariah, which are meant for humans to live a successful, enjoyable, and an easy life both here on earth and in the hereafter compounded within certain boundaries....
Preprint
Flash flood is the most devastating natural disaster experienced in Malaysia. It can be defined as any high water flow caused by various factors such as rainstorms, slow water run-off, and broken dams. In Malaysia, the most typical and disruptive hydro-meteorological occurrences are flash floods, which are mostly faced by Malaysian cities including...
Preprint
Predicting the sustainability of a business is crucial to prevent financial losses among shareholders and investors. This study attempts to evaluate the Altman model for predicting corporate failure in distressed and non-distressed Malaysian companies based on the data of financially troubled companies which are classified as Practice Note 17 (PN17...
Preprint
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Currently, nurses’ job performance in Nigeria’s public healthcare system has been called into question and is under more pressure due to the current global COVID-19 pandemic. In enhancing the effectiveness, efficiency and promptness of Nigeria’s public healthcare service delivery, this study seeks to explore how work engagement could play a key rol...
Preprint
The extent and scope of understanding the nexus between poverty and environment are so extensive as well as complex that existing studies do not provide a concrete answer to the paradox. In the same vein, this study aims to contribute further to extent literature by assessing the attitude and behavior of the urban impoverished population concerning...
Preprint
Purpose – Integrity-related issues are now endemic to public service bureaucracies. It is claimed that corruption in the public sector is very common in various departments/agencies. Lack of integrity will lead to failings in governance and proper oversight of procedures, and subsequently poor financial management and incidents of fraud. Based on t...
Preprint
Purpose: This study aims to explore the challenges and prospects of using e-wallets in Malaysia, and what it means for businesses and customers. Suggested here are strategies to leverage the strengths and opportunities as well as overcome the weaknesses and threats. Suggested here are strategies to leverage the strengths and opportunities as well a...
Preprint
The carbon footprint of households is a significant contribution to global greenhouse gas emissions, accounting for 24% of total emissions. As a result, it is critical to quantify a household's carbon footprint in order to reduce it over time. One of the best ways to measure carbon emitted from various sectors of the economy, including household da...
Preprint
Faced with an exponentially growing world population, what is required is a population stabilization policy to control the global fertility rates. This has implications for the working-age population in the future, and lead to a serious economic crisis. It is envisaged that by the year 2050 the work-age population will have seriously declined but i...
Preprint
Purpose: In the current information age, when the attention spans of most people have become very short, marketers are facings serious challenges to grab the attention of their target audience effectively and fruitfully. From street corner to bedroom, virtually every perceivable location of human traces are littered with activity of marketers, whet...
Preprint
Full-text available
Objective/Purpose: This study investigates the impact of traditional marketing analytics and big data analytics on the success of a new product. Moreover, it assesses the mediating effects of the quality of big data system.Methodology/Design: This study is based on primary data that were collected through an online questionnaire survey from large m...
Preprint
Objective/Purpose: The aim of the study is to examine the impact of the big data analytics capabilities (BDAC) on the organizational performance. The study also examines the mediating role of ambidexterity and the moderating role of business value of big data (BVBD) analytics in the relationship between the big data analytics capabilities and the o...
Preprint
The objective of this study is to analyse the rationales, challenges and prospects of Dhaka City being split up, for the purposes of creating a sustainable city grounded in relevant theories and widely used and accepted standards. An assessment of Dhaka being divided in accordance with the concept of City Development Strategies reveals considerable...
Preprint
The COVID-19 pandemic has emerged as one of the deadliest infectious diseases on the planet. Millions of people and businesses have been placed in lockdown where the main aim is to stop the spread of the virus. As an extreme phenomenon, the lockdown has triggered a global economic shock at an alarming pace, conveying sharp recessions for many count...
Preprint
The potential costs of road traffic accidents (RTAs) to society are immense. Yet, no study has attempted to examine the impact of climate change on RTAs in Saudi Arabia, though RTA-leading deaths are very high, and the occurrence of climatic events is very frequent. Therefore, this study aims to assess the impact of climate change on RTAs in Saudi...
Article
Full-text available
Purpose The credit card market is very large and segmented by targeting different types of consumers. One type of credit card is one that specifically targets people in the education sector, for instance, students, teachers and other staff members. This study aims to compare the features of education and other credit cards in Malaysia. Design/meth...
Article
Full-text available
Purpose This study aims to investigate the influence of creativity and resource availability on career competencies (CC) and career success (CS) of entrepreneurs in Nigeria using the intelligent career framework. Design/methodology/approach Data was obtained using answers to questionnaires given to 348 successful entrepreneurs. The data was analys...
Method
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This is a list of tentative questions for an academic job interview at entry or senior post. #job; #interviewquestions; #jobviva; #jobinterview; #academicjob; #academicjobviva; #academicjobinterview; #lecturerjobinterview; #lecturerinterview; #professorjob; #professorinterview
Article
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The Belt and Road Initiative (BRI) is an ambitious development project initiated by the Chinese government to foster economic progress worldwide. In this regard, this study aims to investigate the dynamics of energy, economy, and environment among 42 BRI developing countries using an annual frequency panel dataset from 1995 to 2019. The major findi...
Article
Full-text available
Zakat is compulsory charity in Islam to fight poverty and inequality, but there is a gap in literature concerning the performance of zakat in terms of achieving sustainable development for its recipients. Therefore, this study intends to assess the role of zakat in achieving the sustainable development status for recipients. This study collected pr...
Article
Full-text available
This study examines the impact of zakat on the life sustainability of individuals. The data were collected from 427 returned questionnaires from zakat recipients in eleven districts of Kedah. Using PLS-SEM, it was found that asnafs’ receiving offers a very low level of assistance that provides little empowerment. The results support the notion that...
Method
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This is a guideline about the procedure of submitting articles in renowned journals as well as techniques to adjust reviewers' comments and avoid rejection. The relevant lectures/ workshop videos are available at https://www.youtube.com/channel/UCSVGs7PnklTRNncdYJF_eiw . Here it discusses about - How to find out an appropriate Journal? How to...
Method
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This is a guideline about designing of research for maximizing research outputs and publications. The relevant lectures/ workshop videos are available at https://www.youtube.com/channel/UCSVGs7PnklTRNncdYJF_eiw . Here it discusses about - How to design research? How to gain excellency in academic writing? How to improve ideas for academic publ...
Method
Full-text available
This is a guideline about planning and designing of research for maximizing research outputs and publications. The relevant lectures/ workshop videos are available at https://www.youtube.com/channel/UCSVGs7PnklTRNncdYJF_eiw. Here it discusses about - How to generate research ideas? How to get ideas for academic research and publication? How to...
Method
Full-text available
This is a guideline about writing a good manuscript for top journals. The relevant lectures/ workshop videos are available at The relevant lectures/ workshop videos are available at https://www.youtube.com/channel/UCSVGs7PnklTRNncdYJF_eiw. Here it discusses about - How to write a good academic article? How to arrange a good manuscript for jour...
Method
Full-text available
This is a guideline about how to effectively utilize time and plan for a better career at the time of PhD, MPhil, master’s study. The relevant lectures/ workshop videos are available at https://www.youtube.com/channel/UCSVGs7PnklTRNncdYJF_eiw. Here it discusses about - How to make a career plan for PhD students? How to make a work plan for PhD...
Method
Full-text available
This is a guideline about increasing online visibility and citation as well as increasing academic/ scientific impacts and social/ policy impacts of research. The relevant lectures/ workshop videos are available at https://www.youtube.com/channel/UCSVGs7PnklTRNncdYJF_eiw. Here it discusses about - How to increase online visibility? How to incr...
Method
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This file shows step by step procedure to analyze the impact on particular event on market data or the market reaction based on an event by using Excel. #finance-research; #financial-market; #covid-19; #Event-study; #stock-market; #market-efficiency; #capital-market; #impact-assessment
Article
Full-text available
Purpose-The aim of the study is to examine the impact of the big data analytics capabilities (BDAC) on the organizational performance. The study also examines the mediating role of ambidexterity and the moderating role of business value of big data (BVBD) analytics in the relationship between the big data analytics capabilities and the organization...
Method
Full-text available
This file shows step by step procedure to analyze stock volatility by using GARCH model based on E-VIEWS software. #finance-research; #financial-market; #covid-19; #market-volatility; #stock-market; #market-efficiency; #capital-market; #impact-assessment; #GARCH; #Eviews
Article
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The national security issues in particular non-traditional security issues such as law enforcement, health, food, supply chain management, industry etc. are severely impacted by the COVID-19 outbreak in all countries of the world. As such, the developing country like Indonesia has largely been suffering from this epidemic. In this context, this pap...

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