Marizah Minhat

Marizah Minhat

Dr Marizah Minhat

Co-Director ICMGR, Lecturer in Finance

Biography

Dr Minhat is a professionally qualified accountant. She is a member of Chartered Accountants Australia and New Zealand (CAANZ), Malaysian Institute of Accountants (MIA), Institute of Chartered Accountants in England and Wales (ICAEW) and Association of Chartered Certified Accountants (ACCA). Prior to joining academia, she worked with a publicly listed government-linked company. She completed her undergraduate studies at Lincoln University (New Zealand), a PhD and an MSc in Banking and Finance at the University of Stirling, and Master of Laws (Financial Law and Regulation) at the London School of Economics and Political Science (LSE).

Dr Minhat is Co-Director of the International Centre for Management and Governance Research (ICMGR) that was founded in 2016. In this role, she successfully leads research-related activities and public engagement events in relation to ethical finance and governance themes. The events include ‘Perspectives on Ethical Finance and Investment’ (2017), ‘Ethical Finance and Governance in Emerging Markets’ (2018), 'Ethical Finance and Community Development Forum' (2018), and 'Management, Governance and Ethical Finance Conference' (2019). The events attracted participants from diverse backgrounds as she aspires to encourage interdisciplinary discourse for the public interest. She builds bridges with professionals, charities, social enterprises, NGOs, religious leaders and policy-makers. She had delivered talks on ethical finance at the Confucius Institute for Scotland, Centre for Sustainability Hong Kong and the Hong Kong Monetary Authority (HKMA). She is also a stakeholder of the UK’s All-Party Parliamentary Group on Islamic Finance (APPGIF).

As a research-active academic, Dr Minhat published widely in the areas of Islamic finance and corporate governance that includes executive remuneration, risk-taking incentives, and financial reporting. Her scholarly research outputs were published in REF-able journals (e.g., Journal of International Financial Markets, Institutions & Money, Journal of Financial Stability, Economics Letters, Applied Economics, Business Ethics: A European Review, and Research in International Business and Finance). She has also co-authored a book chapter on Islamic Finance for Financial Management Theory and Practice EMEA edition (published by Cengage Learning). Her opinion pieces can be found in non-academic media such as Islamic Finance Review, Islamic Finance News, The Edge Malaysia, and The Malaysian Reserve. These pieces are more accessible than scientific articles to inspire public debates and policy changes.

Her scholarly research outputs were presented internationally at conferences organised by British Accounting & Finance Association (BAFA), European Accounting Association (EAA), Financial Management Association (FMA), European Financial Management Association (EFMA), and the Multinational Finance Society (MFA). She has also reviewed articles for a number of journals including Journal of Business Ethics, Corporate Governance: An International Review, Accounting and Business Research, Journal of Accounting in Emerging Economies, Journal of Applied Accounting Research, and Studies in Economics and Finance. She sits on the International Advisory Board of Asian Journal of Accounting Perspectives.

As a Lecturer in Finance, Dr Minhat has accumulated more than ten years of teaching experience in higher academic institutions in the United Kingdom. She had previously taught at the University of Stirling, the University of Salford and the University of Bedfordshire. She was an external examiner at Leeds Beckett University. She has taught conventional finance and Islamic finance in the United Kingdom, Hong Kong and Singapore.

Dr Minhat was nominated for “Most Inspiring Tutor Award” in 2017 and 2016, “Outstanding Award” in 2013, and “Best Innovation Award” in 2012 by Edinburgh Napier Students’ Association (ENSA). She was also nominated for an Above & Beyond Award in 2019.

News

Events

Esteem

Conference Activity

  • Chairperson, Management, Governance and Ethical Finance Conference, 2019, Edinburgh Napier University, UK.
  • 'Financing Issues in the Belt and Road Initiative in Muslim-Majority Countries', presented at The Belt and Road Initiative: Challenges and Opportunities, Plenary session on Governance, 2018, Confucius Institute for Scotland, University of Edinburgh, UK.
  • Chairperson, Ethical Finance and Governance in Emerging Markets (featuring the Belt and Road Initiative), 2018, Edinburgh Napier University, UK.
  • 'Plenary session on Finance, Sustainable', Silk Roads: Low-carbon Implementation of China’s Belt and Road Initiative, Confucius Institute for Scotland, 2017, University of Edinburgh, UK.
  • 'CEO stock options and credit default swaps in risk management' (with B Al-Own and S Gao), presented at the Journal of International Financial Markets, Institutions and Money (JIFMIM) Special Issue Symposium on Cross Country Issues on Credit, Banking, Asset Pricing, and Market Liquidity, 2016, Shanxi, China (also presented at Pu’er, Yunnan, China).
  • 'Corporate governance and compliance with mandatory disclosure requirements' (with M Abdullah), presented at the Interdisciplinary Conference 2014, University of Calgary, Alberta, Canada.
  • 'Islamic financial instruments in corporate financing: evidence from Malaysia' (with N Dzolkarnaini), presented at the British Accounting & Finance Association Annual Conference 2014, London School of Economics, UK.
  • 'The role of Islamic financial instruments in firms’ capital structure: an empirical study' (with N Dzolkarnaini), presented at the British Accounting & Finance Association Annual Conference 2012, Brighton, UK (also presented at the BAFA AFEE Workshop 2012, University of Salford, UK).
  • 'Are executives of government linked companies fat cat bureaucrats?' (with M Abdullah), presented at the European Accounting Association Annual Congress 2012, Ljubjlana, Slovenia.
  • 'Bankers’ compensation and risk-taking before and during financial crisis' (with M Abdullah), presented at the CGIR Corporate Governance and the Global Financial Crisis Conference 2010, Wharton School, University of Pennsylvania, US.
  • 'Multiple compensation consultants and CEO pay' (with R Kabir), presented at the European Accounting Association Annual Congress 2010, Istanbul, Turkey.
  • 'CEO pensions, CEO power and the pay-performance relationship'(with R Kabir), presented at the European Financial Management Association Annual Conference 2010, Aarhus School of Business, Aarhus University, Denmark.
  • 'CEO stock options and opportunistic earnings management: UK evidence', presented at the European Accounting Association Annual Congress 2009, Tampere, Finland (also presented at the British Accounting Association Annual Conference 2009, Dundee, UK.
  • 'The effect of compensation consultants on UK CEO pay' (with R Kabir), presented at the International Executive Remuneration Workshop, The Møller Centre, Cambridge, UK (also presented at the European Financial Management Association Corporate Governance Symposium 2009, Judge Business School, University of Cambridge, UK).
  • 'The role of compensation consultants in executive pay governance', presented at the Multinational Finance Society (MFS) Annual Conference 2008, Orlando, Florida, US.
  • 'Executive compensation and pay-performance relationship', Doctoral Symposium, ESRC Conference on Executive Pay 2007, London, UK.

 

Editorial Activity

  • International Advisory Board member, Asian Journal of Accounting Perspectives.

 

External Examining/Validations

  • External Examiner, Accounting and Finance for MBA/MSc, Leeds Beckett University.

 

Fellowships and Awards

  • Santander Staff Mobility Fund
  • Seedcorn Grant, The Institute of Chartered Accountants of Scotland (ICAS)
  • Overseas Research Students Awards Scheme (ORSAS)
  • Scholarship from the University of Stirling

 

Invited Speaker

  • 'Financing Issues in the Belt and Road Initiative in Muslim-Majority Countries', The Belt and Road Initiative: Challenges and Opportunities, Plenary session on Governance, 2018, Confucius Institute for Scotland, University of Edinburgh, UK.
  • 'Financing issues in the Belt & Road Initiative', November 2018, Centre for Sustainable Hong Kong, City University of Hong Kong.
  • 'Plenary session on Finance, Sustainable', Silk Roads: Low-carbon Implementation of China’s Belt and Road Initiative, Confucius Institute for Scotland, 2017, University of Edinburgh.
  • 'Islamic Finance: Theory and Practice', Accounting, Finance & Economics Unit Seminar, University of Salford, UK.
  • 'Islamic finance/investment: rent-seeking, risk-sharing, and One Belt One Road', Treasury Markets Association (TMA), Hong Kong.
  • 'Islamic Finance: Theory and Practice', Yunnan University of Finance & Economics, Kunming, China.
  • 'The effect of compensation consultants on UK CEO pay', International Executive Remuneration Workshop, The Møller Centre, Cambridge, UK.

 

Media Activity

  • Minhat, M. and Dzolkarnaini, N. (2019) “Islamic finance: digital assets, cryptoassets and cryptocurrencies” The Malaysian Reserve, 25 Feb.
  • Minhat, M. and Dzolkarnaini, N. (2019) “Lessons from UK’s All-Party Parliamentary Group for Islamic Finance” The Malaysian Reserve, 11 March.
  • Minhat, M. (2018) “Public scrutiny of Khazanah's finances needed” Malaysiakini, 28 May.
  • Minhat, M. (2018) “Are executives of GLCs and GLICs paid to improve performance?” The Edge Weekly, 12 June.
  • “Ethical finance event puts Belt and Road Initiative in the spotlight” ICAEW e-News, Aug.
  • Minhat, M. and Dzolkarnaini, N. (2018) “Has the Islamic finance prospered with integrity?” The Malaysian Reserve, 27 Aug.
  • Minhat, M. (2018) “Greater pay transparency needed at GLCs and GLICs to improve governance” The Edge Weekly, 28 Aug.
  • Minhat, M. and Dzolkarnaini, N. (2018) “Islamic rule of law matters in Belt and Road initiative financing”, The Malaysian Reserve, 5 November.
  • Minhat, M. and Dzolkarnaini, N. (2018) “TH’s accounting shenanigans hurt ‘face’ of Islamic finance”, The Malaysian Reserve, 17 December.
  • Minhat, M. and Dzolkarnaini, N. (2018) “Islamic finance: risk sharing as sustainable risk management”, Islamic Finance News, 15 (8) February.
  • Minhat, M. and Dzolkarnaini, N. (2018) "One year on: which firms use Islamic financing?" The Malaysian Reserve, 16 April.
  • Minhat, M. and Dzolkarnaini, N. (2017) “Corporate governance in the Islamic finance industry”, Islamic Finance News, 14 (49) December.
  • Minhat, M. and Dzolkarnaini, N. (2015) “Creating big interest in non-interest Islamic finance”, Islamic Finance Review, June.
  • Minhat, M. and Dzolkarnaini, N. (2015) “Islamic finance: is it about how fast to get there?” Islamic Finance Review, 5(4).
  • Minhat, M. (2006) “The Uncertainty of Standard of Value”, Accountants Today, 19 (2).
  • Minhat, M. (2005) “The Theory of Uncertainty”, Accountants Today, 18 (6).

 

Membership of Professional Body

  • ACCA, Association of Chartered Certified Accountants
  • ACA, Institute of Chartered Accountants in England and Wales (ICAEW)
  • CFP, Financial Planning Association of Malaysia (FPAM)
  • CA, Malaysian Institute of Accountants (MIA)
  • CA, Chartered Accountants Australia and New Zealand (CAANZ)

 

Public/Community Engagement

  • Co-organiser, 'Ethical Finance and Community Development Forum, 2018, Edinburgh Napier University, UK.
  • Chairperson, Perspectives on Ethical Finance and Investment, 2017, Edinburgh Napier University, UK.

 

Reviewing

  • Applied Economics
  • Journal of Business Ethics
  • Financial Management: Theory and Practice EMEA edition (Cengage Learning)
  • Accounting and Business Research
  • Journal of Accounting in Emerging Economies
  • Studies in Economics and Finance
  • Corporate Governance: An International Review
  • Journal of Applied Accounting Research

 

Date


31 results

Measuring compliance with IFRS mandatory disclosure requirements: some evidence from Malaysia

Journal Article
Abdullah, M., & Minhat, M. (2013)
Measuring compliance with IFRS mandatory disclosure requirements: some evidence from Malaysia. Australian journal of basic and applied sciences / International network for scientific information ; INSInet, 7, 163-169
This study examines 225 Malaysian public listed firms’ compliance with IFRS mandatory disclosure requirements during 2008. Two unweighted methods of measuring compliance are u...

Some observations on mandatory disclosure practices of Malaysian public Listed companies

Journal Article
Abdullah, M., Sulaiman, N. A., Sapiei, N. S., & Minhat, M. (2013)
Some observations on mandatory disclosure practices of Malaysian public Listed companies. Middle East journal of scientific research, 17, 1228-1236. https://doi.org/10.5829/idosi.mejsr.2013.17.09.12278
This study investigates the mandatory disclosure practices evident in the annual reports of Malaysian public listed companies. Our findings show that none of the examined comp...

Compensation consultants and CEO pay

Journal Article
Kabir, R., & Minhat, M. (2014)
Compensation consultants and CEO pay. Research in International Business and Finance, 32, 172-189. https://doi.org/10.1016/j.ribaf.2014.05.003
The study examines the practice of employing multiple compensation consultants. Examining data of a sample of UK companies over the period 2003–2006 we find that CEOs receive ...

Is executive compensation a substitute governance mechanism to debt financing and leasing?

Journal Article
Minhat, M., & Dzolkarnaini, N. (2016)
Is executive compensation a substitute governance mechanism to debt financing and leasing?. Applied Economics, 48(14), 1293-1302. https://doi.org/10.1080/00036846.2015.1100247
This study examines whether and how CEO equity incentives relate to financing choices (i.e., debt and leases). Using manually collected CEO compensation and lease data for a s...

Bankers’ stock options, risk-taking and the financial crisis

Journal Article
Minhat, M., & Abdullah, M. (2016)
Bankers’ stock options, risk-taking and the financial crisis. Journal of Financial Stability, 22, 121-128. https://doi.org/10.1016/j.jfs.2016.01.008
This study investigates the relationship between the use of stock options and bank risk in the context of the 2007-2008 financial crisis for banks that are authorised to accep...

Executive compensation in government-linked companies: evidence from Malaysia

Journal Article
Minhat, M., & Abdullah, M. (2014)
Executive compensation in government-linked companies: evidence from Malaysia. Applied Economics, 46(16), 1861-1872. https://doi.org/10.1080/00036846.2014.887192
The aim of this study was to explore the characteristics of executive pay, equity ownership incentives and pay–performance relationship in government-controlled firms. Data we...

Islamic financial instruments in corporate firms’ balance sheet: a research note

Journal Article
Dzolkarnaini, N., & Minhat, M. (2012)
Islamic financial instruments in corporate firms’ balance sheet: a research note. International Journal of Excellence in Islamic Banking and Finance, 2,
Purpose: This paper examines the use of Islamic Financial Instruments (IFIs) in the corporate firms’ balance sheet. Methodology/Approach: The overall research approach involve...

Islamic Finance

Book Chapter
Minhat, M., & Dzolkarnaini, N. (2016)
Islamic Finance. In M. C. Ehrhardt, E. Brigham, & R. Fox (Eds.), Financial Management: Theory and PracticeCengage
No abstract available.

Islamic corporate financing: does it promote profit and loss sharing?: Islamic corporate financing: does it promote profit and loss sharing?

Journal Article
Minhat, M., & Dzolkarnaini, N. (2016)
Islamic corporate financing: does it promote profit and loss sharing?: Islamic corporate financing: does it promote profit and loss sharing?. Business Ethics: A European Review, 25(4), 482-497. https://doi.org/10.1111/beer.12120
Islamic financing instruments can be categorised into profit and loss/risk sharing and non-participatory instruments. Although profit and loss sharing instruments such as mush...

Corporate disclosure quality in Malaysia

Journal Article
Abdullah, M., & Minhat, M. (2013)
Corporate disclosure quality in Malaysia. International Journal of Education and Research, 1,
The objective of this study is to examine the quality of corporate disclosure in the annual reports of Malaysian public listed companies. It reviewed the reports published by ...

Pre-Napier Funded Projects

  • 'Executive compensation in the UK' funded by the Overseas Research Students Awards Scheme (ORSAS).
  • 'Executive compensation in the UK' funded by the University of Stirling.

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