Home \ Faculty Details \ Syed Mabruk Billah, Ph.D
Faculty Img

  • Phone:

  • Email:

    sbillah@pmu.edu.sa

  • Office No:

    F075

  • Syed Mabruk Billah, Ph.D

  • Job Title :

    Assistant Professor

  • College :

    College of Business Administration


  • Department :

    Accounting & Finance


Dr. Syed Mabruk Billah is a Bangladeshi national, resident in New Zealand, working as an Assistant Professor in the department of Accounting and Finance, at PMU, KSA.

He received his Honors in Economics and Finance degree from International Islamic University Malaysia in Malaysia, in 2015, Master’s degree in Finance from the Massey University in New Zealand, in 2017, and his Ph.D. (Finance) from the Massey University, New Zealand, in 2020.

Dr. Syed Mabruk Billah has several years of experience in teaching, research, and curriculum development at graduate and undergraduate levels. Currently, his research revolves around economic and geopolitical uncertainties' impact on financial markets and their cross-country linkages. He is also interested in liquidity connectedness in financial markets, including cryptocurrency, green finance, commodity markets, Islamic finance. As one would notice from his publication record, Dr. Syed Mabruk Billah has several papers have been published under these areas. His articles are being published in reputable journals as ABDC/ABS/SSCI ranked publications.

Dr. Syed Mabruk Billah hopes to contribute to preparing an outstanding generation of Financial Analysts and Economists that will help shape the vision of 2030 in KSA and the region.

Ph.D., Finance, Massey University, New Zealand (AACSB), 2020

Concentrations: Sectoral markets, Financial Markets, Commodities.  
Dissertation: Determinants of Spillovers between Sectoral Markets
Dissertation Advisors: Prof. Faruk Balli., A/Prof. Ozer Hatic-Balli., Prof. Anne De Bruin

 

M.A., Finance, Massey University, New Zealand (AACSB), 2017

Concentrations: Finance, Islamic Finance

Thesis: Sukuk spillover and global linkages
Thesis Advisor: Prof. Faruk Balli., A/Prof. Ozer Hatic-Balli. 
 

B.A, Economics and Finance, International Islamic University Malaysia, 2015

 

PUBLICATIONS and Working Papers (selected)

 

Quality and Impact Indicator

 

 

Ranking

No of papers

Scopus Citation

Google Scholar Citation

ABDC

A

23

793

1075

A*

3

Field Weighted Citation Index

h-index

ABS

3

7

4.54 (Latest)

17

2

16

 

 

Scopus

Q1

23

 

 

 

 

  1. Quantifying the volatility spillover dynamics between financial stress and US financial sectors: Evidence from QVAR connectedness (with Mohammad Enamul Haque) (2024), published by International Review of Financial Analysis. Ranked A (ABDC) and ABS 3*.
  2. Examining connections between the fourth industrial revolution and energy markets (With Jhon good will) (2024), published by Energy Economics. Ranked A* (ABDC) and ABS 3*.
  3. Time-frequency connectedness and spillover among carbon, climate, and energy futures: Determinants and portfolio risk management implications (With MH Enamul Haque) (2023), published by Energy Economics. Ranked A* (ABDC) and ABS 3*.
  4. Uncovering Cross-Market Contagion: An Analysis of Volatility Interactions between Oil, Crypto, Gold, Bond, Currency, and Stocks during Key Economic Events (With Muhammad Naeem) (2024), forthcoming by Energy Economics. Ranked A* (ABDC) and ABS 3*.
  5. Connectedness across meme assets and sectoral markets: Determinants and portfolio management (With Ahmed) (2024), published by International Review of Financial Analysis. Ranked A (ABDC) and ABS 3*.
  6. Quantifying the Volatility Spillover Dynamics between Financial Stress and US Financial Sectors: Evidence from QVAR Connectedness (With Enam and Naeem) (2024), forthcoming by International Review of Financial Analysis. Ranked A (ABDC) and ABS 3*.
  7. Asymmetric relationship between green bonds and Sukuk markets: The role of global risk factors (with Ahmed and Sinda) (2023), published by Journal of International Financial Markets, Institutions and Money. Ranked A (ABDC) and ABS 3*.

 

  1. Quantile-Frequency Connectedness among Climate Change Stocks: The Roles of Climate Change Attention and Global Uncertainties (with Mohammad Enamul Haque) (2024), published by Journal of Cleaner Production. Ranked A (ABDC).
  2. Global uncertainty and the spillover of tail risk between green and Islamic markets: A time-frequency domain approach with portfolio implications (with MR Rafayat Alam,) (2024), published by International Review of Economics & Finance. Ranked A (ABDC ranking).
  3. Extreme connectedness of agri-commodities with stock markets and its determinants (with Faruk Balli,) (2023), published by Global Finance Journal. Ranked A (ABDC ranking).
  4. Impact of the Russia–Ukraine war on hospitality equity markets (with Faruk Balli, Hatice Ozer-Balli and Anne de Bruin) (2022), published by Tourism Economics. Ranked A (ABDC ranking).
  5. Return and volatility spillovers between energy and BRIC markets: Evidence from quantile connectedness (with Muhammad Abubakr Naeem) (2022), published by Research in International Business and Finance. Ranked A (ABDC ranking).
  6. Spillovers on the sectors return: Do the liquidity and financial positions make any difference? (With Faruk Balli, Hatice Ozer Balli and Ann de Bruin), published by Applied Economics. (2021), Ranked A (ABDC ranking).
  7. Economic Uncertainties, Macroeconomic Announcements, and Sukuk Spreads.” (With Faruk Balli, Hatice Ozer Balli and Russell B. Gregory-Allen), published by Applied Economics. (2020), Ranked A (ABDC ranking).

 

  • Under review papers
  1. Sukuk Market Integration: The role of commodities and Macroeconomic Uncertainties (with Faruk Balli, Md. Iftekhar Hossain) Under Review.
  2. Time-frequency connectedness between Sukuk markets (with Muhammad Arif & Mudassar Hasan) Under Review.
  3. An analysis of return spillovers between sukuk markets (with Md. Iftekhar Hossain) Under Review.
  4. The Connectedness between BRIC, G7 and Commodity markets during Ukraine-Russia conflict (with Faruk Balli, Md. Iftekhar Hossain) Under Review.
  5. Determinists of sukuk and conventional bond markets: new evidence from asymmetry market (With Mosab, Kausar), Under Review.
  6. Sukuk and sectoral Equity Market Spillovers (with Muhammad Arif & Mudassar Hasan) Under Review.
  7. How connected is the US equity market with tax-haven Caribbean islands? (With Faruk Balli, Iftekhar hussain), Under review.

 

  • Working papers and Book
  1. A machine learning framework for predicting weather impact on stock markets (With MD Rafayat), Working paper.
  2. Do the Islamic Financial Market Returns Respond Differently to the Realized and Implied Volatility of Oil Prices? Evidence from the Quantile connectedness (with Faruk Balli) Working paper.
  3. Does Sukuk have the value enhancing role? (With Faruk Balli, Ozer Hatic Balli), Working paper.
  4. Dividend smoothing between Shariah complaint equities. (With Faruk Balli, Iftekhar hussain), Working paper.
  5. How does Fintech work? (With Aminul Islam) Working on selected chapters.

Prince Mohammad bin Fahd University, Saudi Arabia

Massey University, New Zealand

Google Scholars: https://scholar.google.com/citations?hl=en&user=z-0y5FoAAAAJ

LinkedIn: https://www.linkedin.com/feed/?trk=homepage-basic_signin-form_submit

TEACHING AND INDUSTRIAL EXPERIENCE

 

Assistant professor, Prince Mohammad bin Fahd University-Saudi Arabia (AACSB), 2023-Current

Courses: Security Analysis Management, Financial institution, Financial Statement Analysis, Financial management and principles, and Economics (Micro and Macroeconomics).

Responsibilities:

·         Delivering lectures to groups of students and using advanced teaching techniques to inspire and motivate them for higher-level qualifications and then employment.

·         Organized, implemented, and monitored programs and assessments.

·         Was responsible for preparing learning material for courses and devising relevant practical activities.

·         Involved in course team activities and curriculum development for students.

·         Selected innovative teaching methods to deliver course content.

·         Managed university courses of up to 35 students.

·         Produce publications in professional quality assured journals, monographs, refereed conference proceedings and intellectual property.

 

Financial Analyst, Fisher & Paykel Healthcare Ltd – New Zealand, 2021 – 2022 (December)

Responsibilities:

·         Financial planning and analysis of a company, allowing the organization to make well-informed commercial decisions.

·         Analyzing current and past financial data and performance

·         Preparing reports and projections based on this analysis

·         Evaluating current capital expenditures and depreciation

·         Exploring investment opportunities

·         Establishing and evaluating profit plans

·         Identifying trends in financial performance and providing recommendations for improvement

·         Coordinating with other members of the finance team to review financial information and forecasts

·         Providing financial models and forecasting

 

Research scientist and Instructor, Massey University – New Zealand (AACSB), 2016-2020

Massey University

Courses: Financial modelling, Investment Analysis, Financial management, Business finance, Business math.

Responsibilities:

·         Produce publications in professional quality assured journals, monographs, refereed conference proceedings and intellectual property.

·         Inspecting authoritative publications to discern understudied topics.

·         Crafting and proposing novel, scientifically rigorous research ideas.

·         Co-steering joint research undertakings.

·         Spearheading data collection and concomitant interpretation.

·         Promoting beneficence and minimizing risks.

·         Conducting in-house research presentations.

·         Publishing your findings in pertinent highly regarded academic journals.

·         Securing sufficient pertinent funding to supplement extant finances.

·         Teaching complete five courses at the undergraduate level.

·         Assessing students’ course work and material.

·         Involved in the marking of results.

·         Providing mentoring, advice, and support to students on a personal level.

·         Actively leading class discussions and encouraging debate.

·         Used diverse teaching methods, including lectures, presentations, and class activities to deliver the curriculum.

·         Selected innovative teaching methods to deliver course content.

·         Managed university courses of up to 100 students.

 

Lecturer (Part time base), Kite Institute of Training and Education -New Zealand, 2018-2019

Courses: Financial modelling, Financial management.

Responsibilities:

·         Responsible for delivering lectures in business and management studies.

·         Worked as an external moderator.

·         Selected innovative teaching methods to deliver course content.

·         Managed university courses of up to 30 students.

·         Used diverse teaching methods, including lectures, presentations and class activities to deliver the curriculum.

·         Created presentations to deliver lecture material in the classroom and online learning environments.

Manager, MAK Auto System -Bangladesh, 2015-2016

Responsibilities:

·         Meet and network with other students: Meetings, competitions, and speaker series provide opportunities to meet, socialize and work with other students with similar interests.

·         Integrate classroom knowledge with practical application: Activities allow students to apply classroom knowledge to real-life situations.

·         Industry networking: Events provide opportunities to meet industry professionals.

·         Monitored multiple databases to keep track of all company inventory.

 

Teaching Assistant, International Islamic University Malaysia - Malaysia, 2012-2014

Courses: Macroeconomics, Business math, Business Finance.

Responsibilities:

·         Selected innovative teaching methods to deliver course content.

·         Developed tests and materials to assess and promote student learning objectives.

·         Used diverse teaching methods, including lectures, presentations and class activities to deliver the curriculum.

Created presentations to deliver lecture material in the classroom and online learning environments.

My research focuses on understanding the complexities of Investment and Commodity Markets, where I analyze price volatility, risk transmission, and speculative behavior to uncover patterns that inform better financial decision-making. In Corporate Finance, I investigate how firms optimize capital structure, manage financial distress, and respond to regulatory changes, with a keen interest in emerging markets. Through Applied Economics, I employ empirical tools to study real-world challenges—from monetary policy impacts to market inefficiencies—bridging theory with actionable insights. A defining pillar of my work is Green Finance, where I explore innovative instruments like carbon markets and ESG-linked derivatives, aiming to align financial systems with sustainability goals. By integrating these areas, I strive to contribute to resilient markets, evidence-based policies, and the transition toward an inclusive, climate-conscious economy.

PROFESSIONAL CERTIFICATION AND MEMBERSHIP

  • Bloomberg market concepts by Bloomberg terminal.
  • Analyzing and Visualizing Data with Microsoft Power BI by Pragmatic Works.
  • Tableau Desktop Certified Professional Certification by Pragmatic Works.
  • Financial modelling (Excel) by McGrow Hill SMnet platform.