Research and Innovation
Research and innovation at the Faculty of Economics and Muamalat (FEM), Universiti Sains Islam Malaysia (USIM), are firmly grounded in the university’s philosophy of integrating Naqli (revealed knowledge) and Aqli (rational knowledge). FEM positions itself as a vibrant hub for interdisciplinary research, fostering a collaborative environment where scholars blend Islamic principles with contemporary practices in economics, finance, and business.
This integrated approach enables the faculty to address complex global issues such as ethical finance, governance, sustainability, and social equity through an Islamic lens, while also leveraging modern tools, advanced methodologies, and contemporary theories to ensure relevance and impact.
FEM’s research activities are organized into four strategic clusters: Islamic Business and Management, Accounting Shariah, Audit Governance, Islamic Finance, and Islamic Social Finance and Applied Economics. These clusters not only tackle pressing socio-economic challenges but also offer Islamic-based solutions that are ethical, inclusive, and sustainable.
In line with global developments, FEM researchers are also actively exploring emerging areas such as artificial intelligence (AI), financial technology (FinTech), big data analytics, and digital transformation. Through impactful research, high-quality publications, and innovation-driven solutions, FEM continues to serve the Ummah and contribute meaningfully to the betterment of society.
“Research and innovation in FEM lead to impactful research, influential publications, and innovations as a great solution to serve the Ummah and humanity.”
Assoc. Prof. Dr. Fuadah Johari
Deputy Dean (Research & Innovation)
“Research and innovation in FEM lead to impactful research, influential publications, and innovations as a great solution to serve the Ummah and humanity.”
Assoc. Prof. Dr. Fuadah Johari
Deputy Dean (Research & Innovation)
The Journal of Muamalat and Islamic Finance Research (JMIFR)
The Journal of Muamalat and Islamic Finance Research (JMIFR) is an international, peer-reviewed platinum open-access journal published by USIM Press. The Journal published biannually in June and December. It is fully owned by USIM Press and managed by the Faculty of Economics and Muamalat (FEM), Universiti Sains Islam Malaysia (USIM). Its main objective is to provide a channel for the publication of articles, research notes and case studies in Muamalat, Islamic Economics, Finance, Banking and its related fields. All article will follow a double-blind review by independent consulting editors.
The Journal of Muamalat and
Islamic Finance Research (JMIFR)
The Journal of Muamalat and Islamic Finance Research (JMIFR) is an international, peer-reviewed platinum open-access journal published by USIM Press. The Journal published biannually in June and December. It is fully owned by USIM Press and managed by the Faculty of Economics and Muamalat (FEM), Universiti Sains Islam Malaysia (USIM). Its main objective is to provide a channel for the publication of articles, research notes and case studies in Muamalat, Islamic Economics, Finance, Banking and its related fields. All article will follow a double-blind review by independent consulting editors.
Publication
Product & Innovation
Islamic Finance and Wealth Management Institute (IFWMI)
Islamic Finance and Wealth Management Institute (IFWMI), USIM was established on July 7 2007. In 2010, IFWMI was upgraded as “PTJ” and has been given own budget and staff to organize program for the whole year. The objectives are to conduct various research activities and innovations to be …
Research, Publication & Innovation Event
I-iECONS 2025 Concludes Successfully with Physical Conference in Bandung
Bandung, August 27 — The 11th International Islamic Economic System Conference (I-iECONS 2025) continued its success with a two-day physical conference held on 27–28 August 2025 at Universitas Islam Bandung (UNISBA), Indonesia.
Following […]
I-iECONS 2025 Explores Digitalisation and Sustainable Development in Islamic Economics
Nilai, August 20 — The 11th International Islamic Economic System Conference (I-iECONS 2025) was successfully held online today, marking another milestone in the promotion of Islamic economic thought and research.
Organised by the […]
2nd International Conference: ASEAN School of Business Network 2025
Nilai, 8 August 2025 – The Faculty of Economics and Muamalat (FEM) successfully hosted the 2nd International Conference: ASEAN School of Business Network (ASBN) 2025 on 7–8 August 2025 at the Faculty of Economics and Muamalat, Universiti […]
International Marketing Conference Siri Ke-5 Fokus Kepada ‘Data-Driven Marketing’
Nilai, 2 Julai 2025 – Fakulti Ekonomi dan Muamalat (FEM), Universiti Sains Islam Malaysia sekali lagi meneruskan tradisi kecemerlangan akademik dengan penganjuran International Marketing Conference (IMC) 2025, yang kini memasuki siri ke-5. Program tahunan ini dianjurkan […]
Warga FEM Terima Pengiktirafan di Majlis Anugerah Kecemerlangan dan Inovasi USIM 2024
Nilai, 18 Julai 2025 – Warga Fakulti Ekonomi dan Muamalat (FEM), Universiti Sains Islam Malaysia (USIM) mencatat pencapaian membanggakan apabila beberapa orang staf fakulti telah menerima pengiktirafan dalam Majlis Anugerah Kecemerlangan dan Inovasi USIM 2024 yang […]
FEM Research & Inovation Sharing Session 2025 “Perkongsian Ilmu sebagai Pemangkin Kemajuan”
Bersesuaian dengan hasrat fakulti bagi memperkasakan agenda penyelidikan dan inovasi di kalangan ahli fakulti, sebuah program santai bersifat perkongsian telah dijalankan di FEM menerusi “Research and Innovation Sharing Session (RISS)”. Program yang ditindikkan di bawah Timbalan Dekan Inovasi […]
Research, Publication & Innovation Event
I-iECONS 2025 Concludes Successfully with Physical Conference in Bandung
Bandung, August 27 — The 11th International Islamic Economic System Conference (I-iECONS 2025) continued its success with a two-day physical conference held on 27–28 August 2025 at Universitas Islam Bandung (UNISBA), Indonesia.
Following […]
Research, Publication & Innovation Event
I-iECONS 2025 Concludes Successfully with Physical Conference in Bandung
Bandung, August 27 — The 11th International Islamic Economic System Conference (I-iECONS 2025) continued its success with a two-day physical conference held on 27–28 August 2025 at Universitas Islam Bandung (UNISBA), Indonesia.
Following […]
