Assoc. Prof. Dr. Adam Boon Ka Ng
Qualification:Ph.D.in Islamic Finance, International Centre for Education in Islamic Finance (2014)
Fields/Area of Specialization:Corporate sustainabilitySustainability Banking
Associate Prof. Dr. Adam Ng Boon Ka has been appointed as the Deputy Director, Research Management Centre (RMC) of INCEIF effective 15 May 2017. He graduated with a PhD in Islamic Finance from INCEIF. He also holds law degrees from Oxford University and International Islamic University of Malaysia. He is a part of the Financial Infrastructure Development Team at the Islamic Banking and Takaful Department, Central Bank of Malaysia.

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Top Country : Malaysia

Showing results 1 to 20 of 40
  • a_proposal_designed_calibrating_liquidity_coverage_ratio_Islamic_banks_adam et al.pdf.jpg
  • Journal Article


  • Authors: Dolgun, Muhammed Habib; Mirakhor, Abbas; Ng, Adam Boon Ka (2019)

  • This paper aims to critically investigate the liquidity risk management of Islamic banks and develop an alternative regulatory framework appropriate for liquidity management of these banks. The specific risk profile of an Islamic bank requires developing a new and more efficient regulatory framework, which relies on risk-sharing and symmetric information among parties. The paper makes a differentiation between small local banks and internationally active Islamic banks and proposes to apply liquidity requirements only for internationally active Islamic banks. A new proposal for the liquidity coverage ratio (LCR) of Islamic banks is developed in this paper towards mitigating risks and c...

  • the_impact_social_enviromental_sustainability_financial_performance_adam.pdf.jpg
  • Journal Article


  • Authors: Nizam, Esma; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Nagayev, Ruslan; Nkoba, Malik Abdulrahman (2019)

  • Despite the promising evidence of the corporate social and environmental performance-corporate financial performance relations across various business sectors, the findings from banking sector remain limited and inconclusive. This article examines the impact of access to finance and environmental financing on the financial performance of the banking sector globally. Based on cross-sectional linear regression and non-linear threshold regression of 713 banks from 75 countries over the period of 2013-2015, we find that access to finance has significantly positive effects on banks' financial performance in most of the estimation models controlling for both bank specific and macroeconomic ...

  • impact_social_environmental_sustainability_esma et al.pdf.jpg
  • Journal Article


  • Authors: Nizam, Esma; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Nagayev, Ruslan; Nkoba, Malik Abdul Rahman (2019)

  • While there is ample evidence that non-financial firms' financial performance and social and environmental performance are related, evidence for the banking sector remains limited and inconclusive. This paper examines the impact of access to finance and environmental financing on the financial performance of the banking sector globally. Based on cross-sectional linear regressions and non-linear threshold regressions of 713 banks from 75 countries over the period 2013-2015, we find that access to finance has significantly positive effects on banks' financial performance in most estimation models controlling for both bank-specific and macroeconomic variables. The positive impact on fina...

  • item.jpg
  • PhD


  • Authors: Abdul Razak, Ahmad Lutfi (2019)

  • In the aftermath of the Global Financial Crisis of 2008-2009 , there has been increased scrutiny in the way that credit rating agencies (CRAs) have conducted credit risk analysis. Through the UN-supported Principles for Responsible Investments (PRJ), a growing number of investors and CRAs have collaborated to enhance the systematic and transparent consideration of environmental, social and governance (ESG) factors in the assessment of corporate creditworthiness. While there exists a burgeoning literature that examines the relationship between corporate social performance (CSP) and credit risk, there are several prevailing issues. Firstly, previous studies of CSP have relied on measure...

  • item.jpg
  • Master


  • Authors: Mohd Abdul Fatah, Fatin Nabilah (2019)

  • Malaysia has achieved access to over 90% ofschooling children and allocates a bulk of their budget to education yet the results and performance of students overall are still below average. In-depth interviews and desktop research were carried.out to understand the various issues the education system faces, focusing on the schooling, higher education and lifelong learning segments. Education is also a sector focus under social impact investment and models. Worldwide and locally, these have delivered various solutions to contribute to solving educational issues. These are explored and in light of the findings, a business model canvas of a school learning app is proposed as an additional...

  • liquidity risk management in Islamic banks_habib_adam.pdf.jpg
  • Chapter in Book


  • Authors: Dolgun, Muhammed Habib; Ng, Adam Boon Ka (2019)

  • After the global financial crisis, there are discussions in terms of liquidity risk management of banks, and in this context, many new tools, regulations, and mechanisms have been introduced by regulatory authorities. Islamic banks are also being governed by these tools and regulations. Liquidity risk is one of the important issues that needs attention in terms of resilience of Islamic banking sector. It can be defined as a shortcoming to cover financial liabilities and its management is related to managing the expected and unexpected cash outflows. A scrutiny of this important issue in an Islamic banking context is crucial to promoting efficiency, growth, and resilience of the Islami...

  • Demystifying_small_and_medium_enterprises_adam_ndieye_et_al.pdf.jpg
  • Journal Article


  • Authors: Ndiaye, Ndeye Djiba; Abdul Razak, Lutfi; Nagayev, Ruslan; Ng, Adam Boon Ka (2018)

  • Applying the General-to-Specific modelling on World Bank Enterprise Survey data for 266 economies, this paper models five performance indicators based on 80 potential factors derived from firm characteristics, finance, informality, infrastructure, innovation, technology, regulation, taxes, trade and workforce concerning small and medium enterprises (SMEs). We find that the factors vary regarding statistical significance and magnitude between small and medium enterprises. For example, the percent of firms using e-mail to interact with clients/suppliers has a positive effect on the annual employment growth of medium enterprises, but not the case of small enterprises. The proportion of i...

  • is_the_regime_of_risk_transfer_sustainable_abbas_adam_ginanjar_baharom.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Abdul Hamid, Baharom (2017)

  • In a risk transfer and shifting financial systems, an interest rate based debt contract is an "impossible contract," since, under the axioms of conventional economics, the borrower has an incentive not to repay the loan. Such impossible contract is made possible by creating a virtual world of certainty through mechanisms such as collateral requirements and an edifice of legal, administrative, policy incentive mechanisms that include positive and negative enforcements that protect the creditor. The society has to bear huge costs to make them possible. Risk sharing has the potential to enhance efficiency as each party to contracts has "skin-in-the-game", thus eliminating or minimizing t...

  • macroeconomic shocks and Islamic bank behavior in turkey_Ahmet_Mustafa_Adam_Huseyin.jpg.jpg
  • Chapter in Book


  • Authors: Aysan, Ahmet F.; Disli, Mustafa; Ng, Adam Boon Ka; Ozturk, Huseyin (2017)

  • Events such as the 'credit crunch', 'bank run', 'financial contagion', 'flight to quality' and 'systemic risks' have widely transpired in recent times. One important dimension permeating these events is the dynamic link between macroeconomic shocks and banks' behaviour. Economic crises experienced by five East Asian countries in the late 1990s were accompanied by financial sector problems. The Great Recession of the late 2000s also corresponded to heightened solvency risks affecting over-leveraged banks and financial institutions in many developed countries. In a world of imperfect information, adverse macroeconomic shocks could weaken firms' balance sheets, diminish bank capital and ...

  • islamic finance in malaysia_policymaking and stakeholder contributions_adam ng_1st page.jpg.jpg
  • Chapter in Book


  • Authors: Ng, Adam Boon Ka (2017)

  • Malaysia has developed a progressive and comprehensive Islamic finance ecosystem that has grown from strength to strength over the last 30 years. The ecosystem provides a conducive and vibrant environment that is characterised by active Islamic financial markets and well-established financial infrastructure, underpinned by a sound regulatory, supervisory, legal ans Shari'ah framework, and reinforced by a skilled talent pool with global capabilities. This chapter builds on existing literature in an integrated fashion by focusing on the roles and contributions of BNM and the SC in the development of the Islamic finance industry ... Available in physical copy only (Call Number: HG 336...

  • item.jpg
  • Master


  • Authors: Abdullah (2017)

  • The aim of this paper is to investigate the determinants of ESG disclosure in the OIC banking sector. This study considers bank specific, governance specific and macro variables as potential determinants. By analysing 98 banks using Random Login model, the study suggests that asset size and capitalization are significantly positively associated with the disclosure of environmental and social indicators Banks with higher loan to total asset ratio are most likely to disclose their environmental and social indicators. Lower profitable banks perform better environmental and social activities compare to the higher profitable banks. Available in physical copy only (Call Number: t HG 3368...

  • incorporating_sustainability_criteria_islamic_investment_framework.pdf.jpg
  • Academic Presentation


  • Authors: Ng, Adam Boon Ka; Dewandaru, Ginanjar (2017)

  • The slides highlight: 1) enhancing responsible business and sustainability practices; 2) enhancing positive impact while minimizing negative impact; 3) incorporating sustainability demands big data and robust research methodology.

  • IFHubEd6_trust_ethics_stock_market_economic_growth_adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ng, Adam Boon Ka (2017)

  • By 2007, more than US$ 15 trillion was held by over 91 million individual investors in stocks and corporate bonds, either directly or through mutual and pension funds. These massive investments and financial markets could not have conceivably reached such a size had it not been for most people having trust in their investments and the common belief in others' trustworthiness. However, scandals associated with the 2007/2008 financial crisis have eroded trust in the financial system. As a result, the need to understand forces contributing to financial market development and instability has been placed at the center stage of global policy and academic discussions. A sound and stable fina...

  • IFHubEd5_on_the_dynamic_links_between_commodities_and_Islamic_equities_Ruslan_Mustafa_Koen_Adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Nagayev, Ruslan; Disli, Mustafa; Inghelbrecht, Koen; Ng, Adam Boon Ka (2017)

  • Have commodities and equity become a "financialized market of one"? Is such oneness persistent? Do diversification benefits still exist? Evidence behind these enquiries offers important insights for policymakers, governments, traders and investors, and constitutes the main motivation for this paper. To assess the viability of commodities as an alternative asset class for Islamic equity investors, we present evidence on the extent to which returns in commodities and Islamic equity markets move in sync in both time and frequency domains. Our findings reveal that, throughout the January 1999-April 2015 period, correlations between commodities and Islamic equity were highly volatile and t...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Dewandaru, Ginanjar; Ng, Adam Boon Ka; Mirakhor, Abbas (2017)

  • This article discusses one of the myths and the new realities of risk sharing. The myth is that risk sharing contracts are costly and demand more information than debt based contracts. The reality is that risk sharing contracts are incentive-compatible contract because there is an incentive structure in place to elicit truth-telling, trust, cooperation, hard work, and efficiency in resource management; factors that could not be written into contracts and enforced. Hence, the contracts attenuate coordination problem and improve the efficiency of outcomes.

  • risk_sharing_myth_reality.pdf.jpg
  • Academic Presentation


  • Authors: Mirakhor, Abbas; Ng, Adam Boon Ka (2017)

  • The slides highlight: 1) uncertainty and risk - transfer, shift or share; 2) the first myth and reality - is the regime of risk transfer sustainable? Impossible contract; 3) the second myth and reality - translating risk sharing into new realities: network effects and big data machine learning.

Assoc. Prof. Dr. Adam Boon Ka Ng
author picture
Qualification: Ph.D.in Islamic Finance, International Centre for Education in Islamic Finance (2014)
Fields/Area of Specialization: Corporate sustainabilitySustainability Banking
Associate Prof. Dr. Adam Ng Boon Ka has been appointed as the Deputy Director, Research Management Centre (RMC) of INCEIF effective 15 May 2017. He graduated with a PhD in Islamic Finance from INCEIF. He also holds law degrees from Oxford University and International Islamic University of Malaysia. He is a part of the Financial Infrastructure Development Team at the Islamic Banking and Takaful Department, Central Bank of Malaysia.
Showing results 1 to 20 of 40
  • a_proposal_designed_calibrating_liquidity_coverage_ratio_Islamic_banks_adam et al.pdf.jpg
  • Journal Article


  • Authors: Dolgun, Muhammed Habib; Mirakhor, Abbas; Ng, Adam Boon Ka (2019)

  • This paper aims to critically investigate the liquidity risk management of Islamic banks and develop an alternative regulatory framework appropriate for liquidity management of these banks. The specific risk profile of an Islamic bank requires developing a new and more efficient regulatory framework, which relies on risk-sharing and symmetric information among parties. The paper makes a differentiation between small local banks and internationally active Islamic banks and proposes to apply liquidity requirements only for internationally active Islamic banks. A new proposal for the liquidity coverage ratio (LCR) of Islamic banks is developed in this paper towards mitigating risks and c...

  • the_impact_social_enviromental_sustainability_financial_performance_adam.pdf.jpg
  • Journal Article


  • Authors: Nizam, Esma; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Nagayev, Ruslan; Nkoba, Malik Abdulrahman (2019)

  • Despite the promising evidence of the corporate social and environmental performance-corporate financial performance relations across various business sectors, the findings from banking sector remain limited and inconclusive. This article examines the impact of access to finance and environmental financing on the financial performance of the banking sector globally. Based on cross-sectional linear regression and non-linear threshold regression of 713 banks from 75 countries over the period of 2013-2015, we find that access to finance has significantly positive effects on banks' financial performance in most of the estimation models controlling for both bank specific and macroeconomic ...

  • impact_social_environmental_sustainability_esma et al.pdf.jpg
  • Journal Article


  • Authors: Nizam, Esma; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Nagayev, Ruslan; Nkoba, Malik Abdul Rahman (2019)

  • While there is ample evidence that non-financial firms' financial performance and social and environmental performance are related, evidence for the banking sector remains limited and inconclusive. This paper examines the impact of access to finance and environmental financing on the financial performance of the banking sector globally. Based on cross-sectional linear regressions and non-linear threshold regressions of 713 banks from 75 countries over the period 2013-2015, we find that access to finance has significantly positive effects on banks' financial performance in most estimation models controlling for both bank-specific and macroeconomic variables. The positive impact on fina...

  • item.jpg
  • PhD


  • Authors: Abdul Razak, Ahmad Lutfi (2019)

  • In the aftermath of the Global Financial Crisis of 2008-2009 , there has been increased scrutiny in the way that credit rating agencies (CRAs) have conducted credit risk analysis. Through the UN-supported Principles for Responsible Investments (PRJ), a growing number of investors and CRAs have collaborated to enhance the systematic and transparent consideration of environmental, social and governance (ESG) factors in the assessment of corporate creditworthiness. While there exists a burgeoning literature that examines the relationship between corporate social performance (CSP) and credit risk, there are several prevailing issues. Firstly, previous studies of CSP have relied on measure...

  • item.jpg
  • Master


  • Authors: Mohd Abdul Fatah, Fatin Nabilah (2019)

  • Malaysia has achieved access to over 90% ofschooling children and allocates a bulk of their budget to education yet the results and performance of students overall are still below average. In-depth interviews and desktop research were carried.out to understand the various issues the education system faces, focusing on the schooling, higher education and lifelong learning segments. Education is also a sector focus under social impact investment and models. Worldwide and locally, these have delivered various solutions to contribute to solving educational issues. These are explored and in light of the findings, a business model canvas of a school learning app is proposed as an additional...

  • liquidity risk management in Islamic banks_habib_adam.pdf.jpg
  • Chapter in Book


  • Authors: Dolgun, Muhammed Habib; Ng, Adam Boon Ka (2019)

  • After the global financial crisis, there are discussions in terms of liquidity risk management of banks, and in this context, many new tools, regulations, and mechanisms have been introduced by regulatory authorities. Islamic banks are also being governed by these tools and regulations. Liquidity risk is one of the important issues that needs attention in terms of resilience of Islamic banking sector. It can be defined as a shortcoming to cover financial liabilities and its management is related to managing the expected and unexpected cash outflows. A scrutiny of this important issue in an Islamic banking context is crucial to promoting efficiency, growth, and resilience of the Islami...

  • Demystifying_small_and_medium_enterprises_adam_ndieye_et_al.pdf.jpg
  • Journal Article


  • Authors: Ndiaye, Ndeye Djiba; Abdul Razak, Lutfi; Nagayev, Ruslan; Ng, Adam Boon Ka (2018)

  • Applying the General-to-Specific modelling on World Bank Enterprise Survey data for 266 economies, this paper models five performance indicators based on 80 potential factors derived from firm characteristics, finance, informality, infrastructure, innovation, technology, regulation, taxes, trade and workforce concerning small and medium enterprises (SMEs). We find that the factors vary regarding statistical significance and magnitude between small and medium enterprises. For example, the percent of firms using e-mail to interact with clients/suppliers has a positive effect on the annual employment growth of medium enterprises, but not the case of small enterprises. The proportion of i...

  • is_the_regime_of_risk_transfer_sustainable_abbas_adam_ginanjar_baharom.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Abdul Hamid, Baharom (2017)

  • In a risk transfer and shifting financial systems, an interest rate based debt contract is an "impossible contract," since, under the axioms of conventional economics, the borrower has an incentive not to repay the loan. Such impossible contract is made possible by creating a virtual world of certainty through mechanisms such as collateral requirements and an edifice of legal, administrative, policy incentive mechanisms that include positive and negative enforcements that protect the creditor. The society has to bear huge costs to make them possible. Risk sharing has the potential to enhance efficiency as each party to contracts has "skin-in-the-game", thus eliminating or minimizing t...

  • macroeconomic shocks and Islamic bank behavior in turkey_Ahmet_Mustafa_Adam_Huseyin.jpg.jpg
  • Chapter in Book


  • Authors: Aysan, Ahmet F.; Disli, Mustafa; Ng, Adam Boon Ka; Ozturk, Huseyin (2017)

  • Events such as the 'credit crunch', 'bank run', 'financial contagion', 'flight to quality' and 'systemic risks' have widely transpired in recent times. One important dimension permeating these events is the dynamic link between macroeconomic shocks and banks' behaviour. Economic crises experienced by five East Asian countries in the late 1990s were accompanied by financial sector problems. The Great Recession of the late 2000s also corresponded to heightened solvency risks affecting over-leveraged banks and financial institutions in many developed countries. In a world of imperfect information, adverse macroeconomic shocks could weaken firms' balance sheets, diminish bank capital and ...

  • islamic finance in malaysia_policymaking and stakeholder contributions_adam ng_1st page.jpg.jpg
  • Chapter in Book


  • Authors: Ng, Adam Boon Ka (2017)

  • Malaysia has developed a progressive and comprehensive Islamic finance ecosystem that has grown from strength to strength over the last 30 years. The ecosystem provides a conducive and vibrant environment that is characterised by active Islamic financial markets and well-established financial infrastructure, underpinned by a sound regulatory, supervisory, legal ans Shari'ah framework, and reinforced by a skilled talent pool with global capabilities. This chapter builds on existing literature in an integrated fashion by focusing on the roles and contributions of BNM and the SC in the development of the Islamic finance industry ... Available in physical copy only (Call Number: HG 336...

  • item.jpg
  • Master


  • Authors: Abdullah (2017)

  • The aim of this paper is to investigate the determinants of ESG disclosure in the OIC banking sector. This study considers bank specific, governance specific and macro variables as potential determinants. By analysing 98 banks using Random Login model, the study suggests that asset size and capitalization are significantly positively associated with the disclosure of environmental and social indicators Banks with higher loan to total asset ratio are most likely to disclose their environmental and social indicators. Lower profitable banks perform better environmental and social activities compare to the higher profitable banks. Available in physical copy only (Call Number: t HG 3368...

  • incorporating_sustainability_criteria_islamic_investment_framework.pdf.jpg
  • Academic Presentation


  • Authors: Ng, Adam Boon Ka; Dewandaru, Ginanjar (2017)

  • The slides highlight: 1) enhancing responsible business and sustainability practices; 2) enhancing positive impact while minimizing negative impact; 3) incorporating sustainability demands big data and robust research methodology.

  • IFHubEd6_trust_ethics_stock_market_economic_growth_adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ng, Adam Boon Ka (2017)

  • By 2007, more than US$ 15 trillion was held by over 91 million individual investors in stocks and corporate bonds, either directly or through mutual and pension funds. These massive investments and financial markets could not have conceivably reached such a size had it not been for most people having trust in their investments and the common belief in others' trustworthiness. However, scandals associated with the 2007/2008 financial crisis have eroded trust in the financial system. As a result, the need to understand forces contributing to financial market development and instability has been placed at the center stage of global policy and academic discussions. A sound and stable fina...

  • IFHubEd5_on_the_dynamic_links_between_commodities_and_Islamic_equities_Ruslan_Mustafa_Koen_Adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Nagayev, Ruslan; Disli, Mustafa; Inghelbrecht, Koen; Ng, Adam Boon Ka (2017)

  • Have commodities and equity become a "financialized market of one"? Is such oneness persistent? Do diversification benefits still exist? Evidence behind these enquiries offers important insights for policymakers, governments, traders and investors, and constitutes the main motivation for this paper. To assess the viability of commodities as an alternative asset class for Islamic equity investors, we present evidence on the extent to which returns in commodities and Islamic equity markets move in sync in both time and frequency domains. Our findings reveal that, throughout the January 1999-April 2015 period, correlations between commodities and Islamic equity were highly volatile and t...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Dewandaru, Ginanjar; Ng, Adam Boon Ka; Mirakhor, Abbas (2017)

  • This article discusses one of the myths and the new realities of risk sharing. The myth is that risk sharing contracts are costly and demand more information than debt based contracts. The reality is that risk sharing contracts are incentive-compatible contract because there is an incentive structure in place to elicit truth-telling, trust, cooperation, hard work, and efficiency in resource management; factors that could not be written into contracts and enforced. Hence, the contracts attenuate coordination problem and improve the efficiency of outcomes.

  • risk_sharing_myth_reality.pdf.jpg
  • Academic Presentation


  • Authors: Mirakhor, Abbas; Ng, Adam Boon Ka (2017)

  • The slides highlight: 1) uncertainty and risk - transfer, shift or share; 2) the first myth and reality - is the regime of risk transfer sustainable? Impossible contract; 3) the second myth and reality - translating risk sharing into new realities: network effects and big data machine learning.