Shamsuddin Ahamad, PhD

Dr. Shamsuddin Ahamad is an Associate Professor at USB, University of Liberal Arts Bangladesh, and a researcher in Development and Financial Economics, institutional efficiency, intellectual capital, microfinance, ESG, and sustainability. He has an established record of high-quality publications in leading international journals indexed in Web of Science, ABS, ABDC, and Scopus, with many appearing in Q1 and Q2 outlets.

Dr. Ahamad has secured competitive national and international research grants and is currently leading multiple funded research projects in collaboration with esteemed institutions. He actively contributes to the global scholarly community by presenting at prestigious international conferences in the UK, France, etc., and has served as panel chair, session discussant, and reviewer for different reputed journals.

He earned his PhD in Business from Taylor’s University Malaysia, where his doctoral research applied advanced two-stage econometric techniques, including Data Envelopment Analysis (DEA) and Generalized Method of Moments (GMM), using a large multi-country panel dataset of microfinance institutions. In addition to research, Dr. Ahamad has held Associate and Adjunct Faculty positions at Taylor’s Business School (AACSB-accredited), mentoring students and contributing to academic program development.

PhD in Business, Taylor's University Malaysia

MSc in Economics, University Malaysia Perlis

BSS in Economics, University of Chittagong

Microfinance, Microenterprise, Poverty Reduction, Institutional Efficiency and Sustainability, Human Capital and Intellectual Capital, Impact Analysis

Projects:

• Family, Future, Equality and Sustainability in Bangladesh – Funded by Hanns A. Pielenz Foundation, Germany.
• Microfinance Institutions' Productivity: Analysis of Financial Capital, Risk and ESG Performance from Global and Bangladesh Perspectives (Collaborative project between United International University and University of Liberal Arts Bangladesh).

Awards and Grant:

• Research Grant (BDT 15,94,550.00) from Hanns A. Pielenz-Stiftung, Germany (2026).
• Research Paper Publication Fund (USD 15,000) from Rabdan Academy, Abu Dhabi, UAE, 2024.
• Research Grant (BDT 708,624.00) from UIU and ULAB Collaborative Project, 2023.
• Research Publication Rewards from ULAB, 2022.
• Excellent Teaching Engagement Award, Taylors University Malaysia, 2021 & 2020.
• Research Conference Funding, NAPD, Ministry of Planning, Bangladesh, 2019.
• PhD Fellowship, Taylor's University Malaysia, 2018-2021.
• Graduate Assistantship, University Malaysia Perlis, Malaysia, 2015-2017.

Ahamad, S., Ahmed, S. U., Islam, M. A., Yusof, M. F. B., Ali, M. H., Mostafiz, M. I., & Joarder, M. H. R. (2025). Environmental, Social, and Governance Practices and Microfinance Institutions Sustainability: A Global Study. Sustainable Development. (Indexed: SSCI, Impact Factor: 8.2, Scopus Q1, Publisher-Wiley).

Ahamad, S., Islam, M. A., Yusof, M. F. B., Chowdhury, M. F., & Reaz, M. T. (2025). The Moderating Role of Board Gender Diversity on the Funding Sources and Microfinance Institutions'' Efficiency Nexus: A Global Analysis. Cogent Business & Management. (Indexed: ESCI, Scopus Q2, Publisher-Taylor & Francis).

Ahamad, S., Islam, M. A., Yusof, M. F. B., Al‐Jaifi, H. A., & Ehigiamusoe, K. U. (2024). Relationship Between Microfinance Institutions' Self-Sustainability and Financing Sources: Moderating Role of External Governance. Annals of Public and Cooperative Economics. (Indexed and ranked in Web of Science: SSCI, ABDC: B, ABS: 2*, and Scopus: Q1, publisher: Wiley.)

Uddin, M., Rashid, M. H. U., Ahamad, S., & Ehigiamusoe, K. U. (2023). Impact of Militarization, Energy Consumption, and ICT on CO2 Emissions in G20 Countries. Journal of Environment, Development and Sustainability, 1-23. (Indexed: Web of science: SSCI, Impact Factor: 4.9, Scopus Q1, Publisher-Springer).

Ahamad, S., Islam, M. A., & Baten, A. (2023), The Nexus of Microfinance Intervention And Borrowers' Wellbeing: Does Religion Matter? Journal of Business, Management and Economics Engineering (Indexed: Scopus Q2).

Thottoli, M. M. M., Islam, M. A., Ahamad, S., & Hassan, M. S. (2023). Does E-Learning Enhance accounting Students’ employability Skills? A Qualitative Study of University Students in Oman. Business, Management and Economics Engineering, 21(1), 46-58. (Indexed: Scopus Q2).

Ahamad, S., Al-Jaifi, H. A. A., & Ehigiamusoe, K. U. (2022). Impact of Intellectual Capital on Microfinance Institutions’ Efficiency: the Moderating Role of External Governance. Journal of the Knowledge Economy, 1-27. (Indexed: Web of science: SSCI, Impact Factor: 4, Scopus Q1, Publisher-Springer).

Ahamad, S., Al-jaifi, H. A., & Mostafiz, M. I. (2020). Conceptualizing recourses as antecedents to the economic performance of family-based microenterprise–the moderating role of competencies. Journal of Family Business Management. (Indexed: Web of science: ESCI, Impact Factor: 3.6, Scopus Q1, Publisher - Emerald).

Ahamad, S., Bhuiyan, A. B., Solaiman, M., & Joarder, M. H. R. (2021). The Impact of Microfinance Programs on Borrowers' Asset Accumulation: An Empirical Study in Bangladesh. The Journal of Asian Finance, Economics and Business, 8(5), 1147-1154. (Indexed: Web of science: ESCI).

Ahamad, S., Bakar, R., & Lubis, Z. (2016). Islamic Microfinance and Its Impacts on Borrowers: A Systematic Review From 1995-2015. Mediterranean Journal of Social Sciences, 7(6), 113.

Ahamad, S. (2016). Determinants of Microfinance Performances in Bangladesh: The Case Study of Rural Development Scheme and Muslim Aid Bangladesh. International Journal of Business and Technopreneurship, 6(3), 499-511.

Ahamad S., Bakar R., & Lubis Z. (2016). Reducing Poverty through Increasing Income. International Journal of Economics, Commerce and Management, Vol.  IV, Issue 10.

Ahamad, S., Bakar, R., & Lubis, Z. (2016). Economic impact of MAB microfinance program on borrower's household: evidence from the rural area of Bangladesh. International Journal of Economics, Finance and Management Sciences, 4(5), 298-302.

Abdulbaten, A.M., Kassim, M.A.M., Azmin, A.A., Ahamad, S., Chowdhury, M.F. (2026). Impacts of Employee Turnover Intentions in Bangladesh’s IT Sector: Incorporating Islamic Work Ethics. In: El Khoury, R. (eds) Business Models of the Future. Studies in Systems, Decision and Control, vol 238, pp 43-53. (Indexed in Scopus, Publisher: Springer).

Reaz, M.T., Ahamad, S., Ribero, J.J. (2026). The Influence of Obsessive Compulsive Disorder (OCD) on Factors Affecting Customers’ Compulsive Buying Behavior. In: Alareeni, B. (eds) Technology and Entrepreneurship: Systems Driving Innovation. Studies in Systems, Decision and Control, vol 612, pp 365-373. (Indexed in Scopus, Publisher: Springer).

Ahamad, S., Joarder, M. H. R., Nadzri, F. A. B. A., Ehigiamusoe, K. U., Bhuiyan, A. B., Reaz, M. T., & Islam, S. (2025). The Influence of Female Leadership and Workforce Roles on Microfinance Institutions’ Financial Performance. In Lecture Notes in Networks and Systems, vol 1575, pp. 526-536. (Indexed in Scopus, Publisher: Springer).

Reaz, M. T., Dada, M., Ahamad, S., Shahriar, F. M., & Ribero, J. J. (2025). The Impact of Obsessive-Compulsive Disorder (OCD) on Customer’s Impulse Buying Behavior Factors. In Sustainable Data Management: Navigating Big Data, Communication Technology, and Business Digital Leadership. Volume 2 (pp. 81-92).  (Indexed in Scopus, Publisher: Springer).

Ahamad, S., Reaz, M. T., Chowdhury, M. F., Billah, M., Joarder, M. H. R., & Uddin, M. (2024). Optimal Financing Choice for Institutional Sustainability: Evidence from a Global Study on Microfinance Institutions. In Lecture Notes in Networks and Systems, 2024, 1083 LNNS, pp. 19–34. (Indexed in Scopus, Publisher: Springer).

Reaz, M. T., Ahamad, S., Ribero, J. J., & Dada, M. (2024). Coping Mechanism of the People with Colour Vision Defect. In Lecture Notes in Networks and Systems, 2024, 1080 LNNS, pp. 11–20. (Indexed in Scopus, Publisher: Springer).

Shamsuddin Ahamad. "The Role of Financial Capital, Human Capital and Innovation Capacity in the Development of Microenterprises in Bangladesh" Presented at the International Conference on Planning and Development, 23 -25 November 2019, NAPD, Ministry of Planning, Bangladesh.

Shamsuddin Ahamad, Hamdan Amer Ali Al-Jaifi. "The Mediating Role of Human Capital in The Relationship Between Resources and family Based Microenterprises Development in Bangladesh" Presented at the International Conference on Human Capital, 28 -29 November 2018, Taylor's University, Malaysia.

Shamsuddin Ahamad, Tunku Salha binti Tunku Ahmad, Mohd Zukime bin Mat Junoh. "An Innovative and Integrated Microfinance Model for Financial Inclusion and Poverty Alleviation in Developing Countries" Malaysia International Conference on Cooperative and Microfinance Management, 12-13 February 2018, Malaysia.

• 6th Financial Economics Meeting (EDC Paris Business School, France, 15–17 December 2025) – Presenter, Parallel Session Chair & Discussant.
• Adam Smith Sustainability Conference & 2nd Annual Conference of the British Accounting Review (University of Edinburgh Business School, Scotland; 28–29 Aug 2024) — Presenter & Discussant.
• British Accounting and Finance Association (BAFA) Annual Conference (University of Greenwich, London; 6 Sept 2024) — Presenter & Parallel Session Chair.
• ICBT Conference 2024 (Murray Edwards College, University of Cambridge; 20 Apr 2024) — Parallel Session Chair.
• Winter Business School Conference (Great Lakes Institute of Management, Gurgaon, India; 21 Dec 2023).
• International Conference on Planning and Development (NAPD, Ministry of Planning, Bangladesh; 2019).
• International Conference on Human Capital (Taylor’s University, Malaysia; 2018).
• 3rd Annual Symposium on Islamic Finance (World Bank, IDB & INCEIF; 12–13 Dec 2017).
• ASEAN Economic Association Conference (Malaysian Economic Association & World Bank; 5–8 Dec 2017).
• Global Symposium on Microfinance (World Bank & Central Bank of Malaysia; 23–24 May 2017).
• 12th QS-APPLE Conference (QS Asia/QS Education Trust, Singapore; 22–24 Nov 2016).

• Principles of Microeconomics
• Principles of Macroeconomics
• Managerial Economics
• Introduction to Finance
• Quantitative Methods for Business