Nazam Dzolkarnaini

nazam dzolkarnaini

Dr Nazam Dzolkarnaini

Associate Professor


Dr Dzolkarnaini has years of corporate experience in financial reporting, financial information system and corporate budgeting. He is also a professionally qualified financial consultant.

His research focuses on corporate finance, corporate governance, ethics and Islamic finance issues. He engages with numerous academics, practitioners, and policymakers particularly in the development of ethical and Islamic finance in the UK. He has published his works in a number of international peer-reviewed journals and professional publications. He also sits on the Editorial Board of several journals.

He has been teaching MBA, MSc and undergraduate accounting and finance programmes. He has wide experience in academic programme leadership including active involvement in the world-leading academic accreditation by AMBA, EPAS and AACSB. He is also a Visiting Scholar and external examiner at several higher education institutions in the UK and overseas.

Dr Dzolkarnaini is a Founding Director, Chairman & Trustee of the Ethical Finance and Investment Research (EFAIR) Foundation. The Foundation aims to advance the education of the public on the subject of ethical finance and investment, and to promote research for the public benefit in all aspects of that subject and to publish the useful results.




Advisory panels and expert committees or witness

  • Governance and Technical Adviser, Ansar Finance Group, Manchester, 2019-present
  • All-Party Parliamentary Group on Islamic Finance, House of Lords, UK Parliament, 2017-present


Conference Activity

  • Scientific Committee, Financial Management Association (FMA) Asia/Pacific Conference, 2019-present
  • Scientific Committee, Financial Management Association (FMA) Global Conference in Latin America, 2019-present
  • Scientific Committee, Financial Management Association (FMA) Annual Meeting, 2019-present
  • Scientific Committee, Management, Governance and Ethical Finance Conference, Edinburgh, 2019
  • Keynote Speaker, Ethical Finance and Governance in Emerging Market Conference (featuring Belt and Road Initiative), Edinburgh, 2018
  • Session Chair, Financial Management Association (FMA) European Conference, Kristiansand, Norway, 2018
  • Scientific Committee, Ethical Finance and Governance in Emerging Market Conference (featuring Belt and Road Initiative), Edinburgh, 2018
  • Session Chair, Building Social Business Summit, Inaugurated by Nobel Peace Prize Winner Muhammad Yunus, Salford, 2013
  • Scientific Committee, Financial Management Association (FMA) European Conference, 2012-present
  • Session Chair, British Accounting & Finance Association (BAFA) Northern Area Region Conference, Salford, 2011
  • Session Chair, European Accounting Association (EAA) Annual Congress, Rome, Italy, 2011
  • Scientific Committee, Salford Postgraduate Annual Research Conference, 2011
  • Scientific Committee, British Accounting & Finance Association (BAFA) Northern Area Region Conference, 2011


Editorial Activity

  • Editorial Review Board Member, International Journal of Emerging Markets, 2020-present
  • Topic Editor, Sustainability, 2020-present
  • Editorial Board Member, European Journal of Islamic Finance, 2014-present
  • International Advisory Board Member, Asian Journal of Accounting Perspectives, 2014-present
  • Editorial Advisory Board Member, International Journal of Excellence in Islamic Banking and Finance, 2012-present
  • Guest Editor, International Journal of Excellence in Islamic Banking and Finance, Vol. 2, No. 2, 2012


External Examining/Validations

  • External Examiner (BA (Hons) Business Accounting & Finance), FAME International College, Kuching, Malaysia & University of Cumbria, 2020-present
  • External Validation Panel, Franchise validation programmes at Vision College, Malaysia, University of Cumbria, 2019
  • External Examiner (MSc Accounting and Finance, MSc Finance and MSc Finance and Investment Banking.), Nottingham Trent University, 2018-present
  • External Examiner (Master of Investment Management), Tunku Abdul Rahman University College, Malaysia, 2018-present
  • External Examiner (BA (Hons) Accounting & Finance), Majan College, Muscat, Oman & University of Bedfordshire, 2015-2019
  • External Examiner (BA Business Programmes), University of Wales Trinity Saint David, 2013-2017


Fellowships and Awards

  • Fellow of Higher Education Academy (FHEA), 2011-present
  • First Prize winner in the inaugural Malaysian Institute of Accountants (MIA) and Malaysian Accountancy Research and Education Foundation (MAREF) Outstanding Research Paper Award (MORPA) 2005
  • Overseas Research Students Awards Scheme (ORSAS), UK Government, 2004-2007


Invited Speaker

  • Workshop on "Reforming Key Appointment Process to Government-Linked Entities" hosted by BERSIH 2.0 (Clean and Fair Elections) Malaysia. Invited panel speaker and research adviser, 19 January 2021
  • "Do Islamic banks improve financial inclusion?", Universiti Sains Islam Malaysia (USIM), Nilai, Malaysia, 14 June 2019
  • "Cooperative economy within Belt and Road Initiative", Business College of Shanxi University (BCSU), Taiyuan, China, 21 May 2019
  • "Islamic finance and China’s Belt and Road Initiative", Nottingham Business School, Nottingham Trent University, 6 March 2019
  • "Inflation, riba and governance", 25th Anniversary Celebration, Ansar Finance Group, Manchester, 16 March 2019
  • "Financing issues in the Belt & Road Initiative", Research Centre for Sustainable Hong Kong (SusHK), City University of Hong Kong, 6 November 2018
  • "Islamic finance: theory and practice", Department of Economics, University of Bradford, 22 February 2017
  • "Islamic finance/investment: rent-seeking, risk-sharing and One Belt One Road", Treasury Markets Association (TMA), Hong Kong Monetary Authority (HKMA), 20 July 2017
  • "Islamic finance: theory and practice", Yunnan University of Finance & Economics, Kunming, China, 21 December 2016
  • "Islamic corporate financing", International Centre for Management and Governance Research (ICMGR), The Business School, Edinburgh Napier University, 2 November 2016
  • "Brexit and the EU: Challenges", Sentral College, Penang, Malaysia, 3 September 2016
  • "Opportunities and challenges for Islamic finance: a global perspective", Rizvi Institute of Management Studies & Research, Mumbai, India, 12 February 2016
  • "Matching syllabus with the future demands of international Islamic finance", UK Trade & Investment (UKTI) Islamic Finance Trade & Investment Forum, Old Trafford, Manchester, 29 April 2016
  • "Islamic finance education: global round-table discourse", Malaysian Economic Transformation Programme Meeting, Bank Negara Malaysia, Kuala Lumpur, Malaysia, 21-22 August 2014
  • "Construction of maqasid al-Shariah based index of socio-economic development: principles and issues", Islamic Development Bank (IDB) and Islamic Research & Training Institute (IRTI) Workshop on Developing a Framework for Maqasid al-Shariah Based Index of Socio-Economic Development, Jeddah, Kingdom of Saudi Arabia, 30 April - 1 May 2014
  • "Distinguishing between Islamic and conventional banks using financial ratios: the case of the Middle Eastern banks", School of Accounting & Finance, University of Dundee, 25 May 2011
  • "Malaysian companies’ capital structure: some evidence from the 1997 financial crisis", National Accountants Conference, Putra World Trade Centre, Kuala Lumpur, Malaysia, 23 November 2005


Media Activity

  • "Lessons from UK’s All-Party Parliamentary Group for Islamic Finance", The Malaysian Reserve, 11 March 2019
  • "CAP: More transparency needed on salaries of GLE directors", New Straits Times, 17 October 2019
  • "Academics moot making GLC execs’ pay public by law", Malay Mail, 31 October 2018
  • "Reveal salaries of GLC directors, urges academic", FMT News, 31 October 2018
  • "Lord Sheikh represents APPGIF at Edinburgh forum", APPGIF Blog, 26 September 2018
  • "BRI financing concern raised at UK’s Islamic finance conferences", The Malaysian Reserve, 9 July 2018
  • "Ethical finance event puts Belt and Road Initiative in the spotlight", The Institute of Chartered Accountants in England and Wales (ICAEW) Press Release 2018
  • "Accountancy dream of woman who fled war", Manchester Evening News, 11 December 2017
  • "Budget 2017: Reaction", Manchester Evening News and Salford University News, 22 November 2017
  • "Salford supports global ethical finance conference", Salford University News, 29 August 2017
  • "Financing the Chinese Belt and Road Initiative", Scottish Business News Network, 24 August 2017
  • "Perspectives on ethical finance and investment", The Institute of Chartered Accountants in England and Wales (ICAEW) Press Release 2017
  • Radio interview on "The importance of Islamic nation economies to the UK", Share Radio Morning Money, London, 3 August 2016
  • "Salford lecturer speaks at the global round table discourse on Islamic finance education", Salford University News, 22 September 2014


Membership of Professional Body

  • Certified Financial Planner (CFP), CFP Board of Standards, Inc., USA, 2003-present
  • Associate Chartered Accountant (ACA), Chartered Accountants Australia & New Zealand (CA ANZ), 2002-present


Public/Community Engagement

  • Chair, Ethical Finance & Community Development Forum, Edinburgh, 8 September 2018
  • Invited panel speaker, Perspectives on Ethical Finance and Investment, Edinburgh, 19 May 2017


Research Degree External Examining

  • External Examiner (PhD), Quaid-i-Azam University, Pakistan, 2018
  • External Examiner (DBA), Nottingham Trent University, 2016
  • External Examiner (PhD), Leeds Metropolitan University, 2014



  • Journal of Business Ethics
  • Economics Letters
  • Routledge Law
  • International Journal of Emerging Markets
  • Pertanika Journals
  • Applied Economics
  • Bloomsbury Publishing
  • Gadjah Mada International Journal of Business
  • Journal of Accounting Perspectives
  • Journal of Accounting in Emerging Economies
  • International Journal of Excellence in Islamic Banking and Finance
  • Managerial Auditing Journal
  • Pearson Education


Visiting Positions

  • Visiting Academic Exchange, Business College of Shanxi University (BCSU), Taiyuan, China, 2019
  • Visiting Scholar in Islamic Economics and Finance, Al-Maktoum College of Higher Education, Dundee, 2013-present
  • Visiting Lecturer (LLM Programme), University of Bedfordshire, 2011


Current Post Grad projects