Prof. Dr. Shamsher Mohamad Ramadili Mohd
Qualification:Ph.D.in Finance, University of Glasgow, Scotland, U.K. (1990)
Fields/Area of Specialization:AccountingFinance
Prof. Dr. Shamsher holds a PhD in Finance from University of Glasgow in Scotland. Prior to INCEIF, he taught Finance courses at both undergraduate and graduate level at University Putra Malaysia (UPM). He served UPM for 30 years starting as a tutor in the same faculty in 1980. In 2012, he joined INCEIF as a Professor in Finance and Accounting. His areas of interest are accounting and finance. He is currently the Director of BNP-Paribas-INCEIF Centre for Islamic Asset and Wealth Management.

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Top Country : Malaysia

Showing results 1 to 10 of 127
  • Product_market_fluidity_and_religious_constraints_Shamsher et al.pdf.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Shamsher Mohamad Ramadili Mohd; Choudhary Wajahat Naeem Azmi; Akram Shavkatovich Hasanov (2022)

  • We use a sample of 5,863 US firms to investigate how religious constraints affect the product market fluidity for Shariah compliant (SC) firms. The study is important as Islamic asset management is emerging as an alternative investment class. We find that SC firms are less exposed to product market threats in relation to Shariah non-compliant (SNC) firms. They are more competitive in the case of less concentrated markets, lower market share, equity multiplier, market/book assets ratio, experience lower asset growth, and spend little on research and development. Their competitive position is strengthened when their return on assets, sales and retained earnings are lower.

  • Funding_the_refugee_crisis_Turkey_case_for_social_impact_sukuk_Ziyaad_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed; Ibrahim Musa Unal; Shamsher Mohamad Ramadili Mohd (2021)

  • The 20th century has generated a gradually intensifying refugee crisis that has amplified into an ongoing social crisis, especially since the Cold War in 1989. Civil wars, the internal conflict of countries, mass famine, and many faltering economic, political, and social institutions (US Mission to UN, Global Humanitarian Emergency 1995) contributed to this intensification. The host countries that receive these refugees bear the cost of managing the refugees at the expense of the country's economy (Mandel, 1997). Consequently, when countries face an impossible task of efficient control and maintenance of the livelihood of these refugees on a sustainable basis, they will impose restric...

  • Sustainable_finance_and_a_shari_analysis_of_environmental_social_and governance_ESG_criteria_Ziyaad_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Aminudin Ma'ruf; Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2021)

  • Over recent years, sustainability has been important topic of interest among researchers and practitioners in finance, evidenced by the remarkable increase in the number of research studies and regulations on the topic (Clark et al., 2015). Initiatives on sustainability include the concepts of Sustainable Investment, Sustainable Responsible Investing (SRI), Corporate Social Responsibilities (CSR) and Environmental, Social and Governance (ESG) (Cheng et al., 2014). In addition, several reporting standards have been issued by accounting bodies to facilitate reporting of ESG based activities of firms in their financial reporting.

  • Dividend_payout_policy_of_Shariah_compliant_firms_Shamsher et al.pdf.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Shamsher Mohamad Ramadili Mohd; Andrea Paltrinieri; M. Kabir Hassan (2021)

  • This paper investigates the effects of religious screening on payout behavior of US firms. Shariah compliant (SC) indices serve as suitable sample as they are emerging as alternative investment class in the last two decades. Through an analysis of a sample of US firms belonging to Dow Jones proprietary database for the period 2006-2018, this study provides evidence that SC firms are more prone to make total payout, cash dividends and repurchases. We use panel logistic regressions with industry and year fixed effects. The findings reveal that the drivers of higher propensity of total payout are higher profitability, higher retained earnings, lower debt capital structure and lower asset...

  • Reconciling_selection_criteria_of_Islamic_banking_services_Ziyaad_Shamsher.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2021)

  • This paper aims to investigate the differences in patronage factors influencing "retail customers" and "institutional clients" to bank Islamically and to identify the reasons bankers perceive that their customers' bank with them in the United Arab Emirates (UAE). A total of 237; 416; and 70 balanced responses were collected from Islamic bankers, retail customers and institutional clients of UAE, respectively. Weighted average scores were computed for ranking the selection criteria factors across the data set and paired comparison analysis was conducted to analyse the variation of selection criteria between the data sets. Empirical results indicate that Islamic banking practitioners ma...

  • Islamic_wealth_management_issues_waqf_management_Malaysia_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Shamsher Mohamad Ramadili Mohd; Mohamed Ariff (2020)

  • This chapter briefly examines ideas from Islamic wealth management and waqf concepts to see if there are ways in which human welfare can be better managed on a community-action level without the visible hands of the government. To do this, authors first examine the concept of Islamic wealth management, and then provide some discussion on how waqf assets already in place in all Islamic countries could be mobilised to meet the needs of communities for sustainable economic development as well as fairer ways of looking after the needs of the have-nots of societies.

  • do_msme_patronage_factors_correspond_to_UAE_Islamic_banker_perceptions_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shinaj Valangattil Shamsudheen; Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2020)

  • According to UAE Ministry of Economy, the SME sector represents more than 94 per cent of the total number of companies operating in the country and provide jobs for more than 86 per cent of the private sector's workforce. There are more than 350,000 companies working at the SMEs platform, and providing over 86 percent of the private sector's total workforce. They contribute to more than 60 percent of the UAE non-oil GDP. According to the Central Bank of UAE's data, credit provided to microenterprises grew 26.3% during the period from December 2017 through March 2019.

  • item.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Choudhary Wajahat Naeem Azmi; Shamsher Mohamad Ramadili Mohd; Andrea Paltrinieri (2020)

  • The aim of this article is to investigate the motivation of CEOs to invest in Corporate Social Responsibility (CSR) activities. To carry out this analysis, we assess a sample of US conventional and Shariah Compliant (SC) firms, from Dow Jones Indices. As SC firms undergo business and financial screening, they are expected to follow different managerial styles and capital structures as compared to conventional firms. This comparison is important in view of the growing size of the Islamic Financial Services Industry that has surpassed total asset values of USD 2.00 Trillion. Existing literature argues that, for conventional firms, CEOs spend on CSR either to promote their private benefi...

  • Covid-19_pandemic_the_role_of_Islamic_finance_Shamsher_Zulkarnain.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shamsher Mohamad Ramadili Mohd; Zulkarnain Muhamad Sori (2020)

  • COVID-19 pandemic is a virus-related natural disaster. The COVID-19 pandemic was detected in 2019 in Wuhan in China and then spread to Hong Kong and then other countries, as it has considerably broader reach in terms of numbers of both countries and people affected than other virus-related disasters (Hassan et al. 2020). The possible reason for this global contagion is the increased integration of the global social and economic supply chain linkages so entrenched in the globalized ecosystem since 1980s. These previous virus-related pandemics including Severe Acute Respiratory Syndrome (SARS) (2002-03), Swine Flu (2009-10), Middle East Respiratory Syndrome (MERS) (2012-13), Ebola (2014...

  • ethical_investments_financial_performance_shamsher_eskandar.pdf.jpg
  • Journal Article


  • Authors: Choudhary Wajahat Naeem Azmi; Shamsher Mohamad Ramadili Mohd; Mohamed Eskandar Shah Mohd Rasid (2019)

  • This paper examines the financial performance of ethical funds in different regions and concludes that there is a cost attached to ethical investing. An analysis of 964 mutual funds comprising of Socially responsible funds (SRFs) and the Shariah-compliant equity funds (SCFs) suggests that: a) except for global funds, both types of funds underperform in the market, b) both types of funds are preferred for investment in growth and momentum stocks, c) SRFs are preferred for small capitalized stocks whereas SCFs do not follow any specific style or investment strategy, d) unlike SRFs, SCFs do not provide a safe haven for investors during crises. These findings are probably due to the lack ...

Prof. Dr. Shamsher Mohamad Ramadili Mohd
author picture
Qualification: Ph.D.in Finance, University of Glasgow, Scotland, U.K. (1990)
Fields/Area of Specialization: AccountingFinance
Prof. Dr. Shamsher holds a PhD in Finance from University of Glasgow in Scotland. Prior to INCEIF, he taught Finance courses at both undergraduate and graduate level at University Putra Malaysia (UPM). He served UPM for 30 years starting as a tutor in the same faculty in 1980. In 2012, he joined INCEIF as a Professor in Finance and Accounting. His areas of interest are accounting and finance. He is currently the Director of BNP-Paribas-INCEIF Centre for Islamic Asset and Wealth Management.
Showing results 1 to 10 of 127
  • Product_market_fluidity_and_religious_constraints_Shamsher et al.pdf.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Shamsher Mohamad Ramadili Mohd; Choudhary Wajahat Naeem Azmi; Akram Shavkatovich Hasanov (2022)

  • We use a sample of 5,863 US firms to investigate how religious constraints affect the product market fluidity for Shariah compliant (SC) firms. The study is important as Islamic asset management is emerging as an alternative investment class. We find that SC firms are less exposed to product market threats in relation to Shariah non-compliant (SNC) firms. They are more competitive in the case of less concentrated markets, lower market share, equity multiplier, market/book assets ratio, experience lower asset growth, and spend little on research and development. Their competitive position is strengthened when their return on assets, sales and retained earnings are lower.

  • Funding_the_refugee_crisis_Turkey_case_for_social_impact_sukuk_Ziyaad_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed; Ibrahim Musa Unal; Shamsher Mohamad Ramadili Mohd (2021)

  • The 20th century has generated a gradually intensifying refugee crisis that has amplified into an ongoing social crisis, especially since the Cold War in 1989. Civil wars, the internal conflict of countries, mass famine, and many faltering economic, political, and social institutions (US Mission to UN, Global Humanitarian Emergency 1995) contributed to this intensification. The host countries that receive these refugees bear the cost of managing the refugees at the expense of the country's economy (Mandel, 1997). Consequently, when countries face an impossible task of efficient control and maintenance of the livelihood of these refugees on a sustainable basis, they will impose restric...

  • Sustainable_finance_and_a_shari_analysis_of_environmental_social_and governance_ESG_criteria_Ziyaad_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Aminudin Ma'ruf; Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2021)

  • Over recent years, sustainability has been important topic of interest among researchers and practitioners in finance, evidenced by the remarkable increase in the number of research studies and regulations on the topic (Clark et al., 2015). Initiatives on sustainability include the concepts of Sustainable Investment, Sustainable Responsible Investing (SRI), Corporate Social Responsibilities (CSR) and Environmental, Social and Governance (ESG) (Cheng et al., 2014). In addition, several reporting standards have been issued by accounting bodies to facilitate reporting of ESG based activities of firms in their financial reporting.

  • Dividend_payout_policy_of_Shariah_compliant_firms_Shamsher et al.pdf.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Shamsher Mohamad Ramadili Mohd; Andrea Paltrinieri; M. Kabir Hassan (2021)

  • This paper investigates the effects of religious screening on payout behavior of US firms. Shariah compliant (SC) indices serve as suitable sample as they are emerging as alternative investment class in the last two decades. Through an analysis of a sample of US firms belonging to Dow Jones proprietary database for the period 2006-2018, this study provides evidence that SC firms are more prone to make total payout, cash dividends and repurchases. We use panel logistic regressions with industry and year fixed effects. The findings reveal that the drivers of higher propensity of total payout are higher profitability, higher retained earnings, lower debt capital structure and lower asset...

  • Reconciling_selection_criteria_of_Islamic_banking_services_Ziyaad_Shamsher.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2021)

  • This paper aims to investigate the differences in patronage factors influencing "retail customers" and "institutional clients" to bank Islamically and to identify the reasons bankers perceive that their customers' bank with them in the United Arab Emirates (UAE). A total of 237; 416; and 70 balanced responses were collected from Islamic bankers, retail customers and institutional clients of UAE, respectively. Weighted average scores were computed for ranking the selection criteria factors across the data set and paired comparison analysis was conducted to analyse the variation of selection criteria between the data sets. Empirical results indicate that Islamic banking practitioners ma...

  • Islamic_wealth_management_issues_waqf_management_Malaysia_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Shamsher Mohamad Ramadili Mohd; Mohamed Ariff (2020)

  • This chapter briefly examines ideas from Islamic wealth management and waqf concepts to see if there are ways in which human welfare can be better managed on a community-action level without the visible hands of the government. To do this, authors first examine the concept of Islamic wealth management, and then provide some discussion on how waqf assets already in place in all Islamic countries could be mobilised to meet the needs of communities for sustainable economic development as well as fairer ways of looking after the needs of the have-nots of societies.

  • do_msme_patronage_factors_correspond_to_UAE_Islamic_banker_perceptions_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shinaj Valangattil Shamsudheen; Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2020)

  • According to UAE Ministry of Economy, the SME sector represents more than 94 per cent of the total number of companies operating in the country and provide jobs for more than 86 per cent of the private sector's workforce. There are more than 350,000 companies working at the SMEs platform, and providing over 86 percent of the private sector's total workforce. They contribute to more than 60 percent of the UAE non-oil GDP. According to the Central Bank of UAE's data, credit provided to microenterprises grew 26.3% during the period from December 2017 through March 2019.

  • item.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Choudhary Wajahat Naeem Azmi; Shamsher Mohamad Ramadili Mohd; Andrea Paltrinieri (2020)

  • The aim of this article is to investigate the motivation of CEOs to invest in Corporate Social Responsibility (CSR) activities. To carry out this analysis, we assess a sample of US conventional and Shariah Compliant (SC) firms, from Dow Jones Indices. As SC firms undergo business and financial screening, they are expected to follow different managerial styles and capital structures as compared to conventional firms. This comparison is important in view of the growing size of the Islamic Financial Services Industry that has surpassed total asset values of USD 2.00 Trillion. Existing literature argues that, for conventional firms, CEOs spend on CSR either to promote their private benefi...

  • Covid-19_pandemic_the_role_of_Islamic_finance_Shamsher_Zulkarnain.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shamsher Mohamad Ramadili Mohd; Zulkarnain Muhamad Sori (2020)

  • COVID-19 pandemic is a virus-related natural disaster. The COVID-19 pandemic was detected in 2019 in Wuhan in China and then spread to Hong Kong and then other countries, as it has considerably broader reach in terms of numbers of both countries and people affected than other virus-related disasters (Hassan et al. 2020). The possible reason for this global contagion is the increased integration of the global social and economic supply chain linkages so entrenched in the globalized ecosystem since 1980s. These previous virus-related pandemics including Severe Acute Respiratory Syndrome (SARS) (2002-03), Swine Flu (2009-10), Middle East Respiratory Syndrome (MERS) (2012-13), Ebola (2014...

  • ethical_investments_financial_performance_shamsher_eskandar.pdf.jpg
  • Journal Article


  • Authors: Choudhary Wajahat Naeem Azmi; Shamsher Mohamad Ramadili Mohd; Mohamed Eskandar Shah Mohd Rasid (2019)

  • This paper examines the financial performance of ethical funds in different regions and concludes that there is a cost attached to ethical investing. An analysis of 964 mutual funds comprising of Socially responsible funds (SRFs) and the Shariah-compliant equity funds (SCFs) suggests that: a) except for global funds, both types of funds underperform in the market, b) both types of funds are preferred for investment in growth and momentum stocks, c) SRFs are preferred for small capitalized stocks whereas SCFs do not follow any specific style or investment strategy, d) unlike SRFs, SCFs do not provide a safe haven for investors during crises. These findings are probably due to the lack ...