Academic Team - Dr Mohd-Pisal Zainal, Associate Professor in Finance

Academic Team

Dr Mohd-Pisal Zainal | Associate Professor in Finance

Dr Mohd Dr Mohd‐Pisal Zainal is an Associate Professor of Finance at Henley Business School – Malaysia, University of Reading Malaysia. Prior to joining Henley Business School – Malaysia, he was the Director of the Centre for Research and Publication at INCEIF. His teaching assignments have included Research Methodology, Econometrics, and Financial Econometrics for the Graduate Studies Department; and Islamic Capital Markets, Islamic Financial Markets and Institutions, Structuring Financial Requirements, Deposits Mobilization, for the Chartered Islamic Finance Professional (CIFP), and Masters in Islamic Finance Practice (MIFP) programmes. He has been a visiting faculty for Islamic Finance Modules for the MSc in Investment Banking and Islamic Finance programme at the ICMA Centre, Henley Business School, University of Reading UK, since the inception of the programme in 2008.

Dr Zainal holds a PhD in Economics from Southern Illinois University Carbondale, USA. His research interests are in the area of International Finance, International Trade, Monetary Economics, Islamic Capital Markets, Islamic Financial Markets and Institutions & financial economics.

His work has been published in the Journal of Forecasting and the International Journal of Economics & Management. He has also contributed to chapters in books published by John Wiley & Sons, and ICD & Thomson Reuters, amongst others.


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+60 7268 6363

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Speciality areas

International Trade, International Finance, Monetary Economics, Islamic Finance

Highest qualification and awarding body

PhD in Economics
Southern Illinois University Carbondale, USA.

UoRM programmes taught/supervised

MSc Investment Banking & Islamic Finance
BSC Business & Management

Research interests

  • Islamic Finance (Islamic capital markets, Islamic Banking System: products and operations)
  • Financial economics

Current projects

  • Financial Market Institution and Their Impact in the Real Sector. A Chapter of a Book entitled Islamic Economics Textbook to be published by International Shariah Research Academy for Islamic Finance (ISRA).
  • Introduction to Islamic Financial Markets, Institutions and Regulations. A Textbook project sponsored by Khazanah Nasional.

Recent publications

  • Banking Models and Monetary Transmission Mechanisms in Malaysia: Are Islamic Banks Different? Economic Papers A journal of applied economics and policy 35(2):169-183 June 2016 (with Malika Akhatova and Mansor H. Ibrahim).
  • “Introduction” in Sasikala Thiagaraja, Andrew Morgan, Adrew Tebbutt and Geraldine Chan: The Islamic Finance Handbook, pp. 3-9. Singapore: John Wiley & Sons. 2014 (with Daud Vicary Abdullah).
  • Malaysia: From One Bank to International Marketplace. In Islamic Finance Development Report 2014: Harmony on the Horizon. Published by ICD & Thomson Reuters, 2014, pp. 22-26 (with Daud Vicary Abdullah).
  • Was Bail-Out A Success? An Evidence from the Investment – Cash Flow Relationship. Jurnal Ekonomi Malaysia, Volume 47(1). 2013. Pp. 31 – 40 (with Mohd Adib bin Ismail, Mansor H. Ibrahim, Mohammed Yusoff).
  • Forecasting Inflation in Malaysia. Journal of Forecasting, Vol. 29, Issue 6, September 2010, pp. 573 – 594 (with Jarita Duasa, Nursilah Ahmad & Mansor H. Ibrahim).
  • Does Firm Size Matter for the Financial Constraints? Jurnal Ekonomi Malaysia, Vol. 44, pp. 73 – 81. 2010 (with Mohd Adib bin Ismail, Mansor H. Ibrahim, Mohammed Yusoff).
  • Financial Constraints and Firm Investment in Malaysia: An Investigation of Investment-Cash Flow Relationship. International Journal of Economics and Management, Vol. 4, No. 1, pp. 29 – 44. 2010 (with Mohd Adib Ismail, Mansor H. Ibrahim & Mohammed Yusoff).


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University of Reading Malaysia
Persiaran Graduan, Kota Ilmu, EduCity, 79200 Iskandar Puteri, Johor, Malaysia.

Toll free:
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+ 60 (7) 268-6200

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