Department of Banking and Finance

Dr Hasan Murad School of Management (HSM)

Department of Banking and Finance

Research Output

2021 

Impact Factor

  1. Xin Li, Safia Nosheen, Naveed Ul Haq, Xue Gao, Value creation during fourth industrial revolution: Use of intellectual capital by most innovative companies of the world, Technological Forecasting and Social Change, Volume 163, IF 5.84 2021, IF 5.84 [Impact Factor]
  2. Naeem, M. A., Farid, S., Nor, S. M., & Shahzad, S. J. H (2021). Spillover and Drivers of Uncertainty among Oil and Commodity Markets. Mathematics, 9, 441.(IF: 1.747) [Impact Factor]
  3. Farid, S., Khan, T.M., Tashfeen, R., & Burhan, A. (2021). Forecasting Stock Prices using a Data Mining Method: Evidence from an Emerging Market. International Journal of Finance and Economics, 1-7. (IF: .943, ABDC B) [Impact Factor]
  4. Farid, S., Kayani, G. M., Naeem, M. A., & Shahzad, S. J. H. (2021). Intraday volatility transmission among precious metals, energy and stocks during the COVID-19 pandemic. Resources Policy, 72, 102101.(IF: 3.986, ABDC B) [Impact Factor]
  5. Naeem, M. A., Farid, S., Ferrer, R., & Shahzad, S. J. H. (2021). Comparative efficiency of green and conventional bonds pre-and during COVID-19: An asymmetric multifractal detrended fluctuation analysis. Energy Policy, 153, 112285.  (IF: 5.042, ABDC A) [Impact Factor]
  6. Zhang,W. W., Sadiq, R., Khan, T. M., Khan, M. M., (2021). Policy implications of remittances, trade liberalization and Dutch disease – A comparative analysis based on income categorization. Resources Policy, 72 (2021) 102088. ELSEVIER IF: 3.986, ABDC B [Impact Factor]
  7. Wang, X., Sadiq, R., Khan, T. M., & Wang, R. (2021). Industry 4.0 and intellectual capital in the age of FinTech. Technological Forecasting and Social Change, 166, 120598. [Index SSCI: 5.84 Impact factor] [Impact Factor]
  8. Ahad, M., Anwer, Z., & Ahmad, W. (2021). Does Crime-Tourism Nexus hold for Pakistan? International Journal of Emerging Markets. SSCI IF 1.022/ ABDC ‘B’/ [Impact Factor]
  9. Anwer, Z., Mohamad, S., Azmi, W., & Hasanov, A. (2021). Product Market Fluidity and Religious Constraints: Evidence from the United States Market. Accounting and Finance. SSCI IF 2.942 [Impact Factor]

HEC Y

  1. Shah, H., & Ayaz, M. (2021). Role of Zakat, Waqf And Islamic Microfinance in Achieving Maqasid Al-Shariah. Abha'th 5(17) 17-41 [HEC Y Category]
  2. Shah, H., & Ayaz, M. (2021).Murabahah as Islamic Microfinance Product: A Case Study of MIB of Pakistan. Islamic Studies Research Journal Abhath, 6(21). [HEC Y Category]
  3. M. Hadji Abdul Racman, S., Shakeel Shah, H., & Ayaz, M. (2021). The Lanao Sultanate Today: Its Adat Laws and Islamic Law on Fornication with Special Reference to the Islamic Perspectives of al-Mawardi. Journal of Islamic Thought and Civilization, 11(1), 318-334. https://doi.org/10.32350/jitc.111.17 [HEC Y Category]
  4. Kamal, A., Hussain, T., & Khan, M. M. S. (2021). Impact of Financial inclusion and financial stability: Empirical and theoretical review. Liberal Arts and Social Sciences International Journal (LASSIJ), 5(1), 514–527. https://doi.org/10.47264/idea.lassij/5.1.33 [HEC Y Category]
  5. Ali, A.M., Hussain, T. (2021) Islamic Banking Products, Services and Objectives: Perspectives of Shariah Supervisors and Regulators. International Review of Management and Business Research 10(1) [HEC Y Category]

2020

Impact Factor

  1. Anwer, Z., Mohamad, S., Paltrinieri, A., & Hassan, M. K. (2020). Dividend payout policy of Shariah compliant firms: Evidence from United States. Pacific-Basin Finance Journal, 101422 SSCI IF 2.382/ ABDC ‘A’/ HEC ‘W’ [Impact Factor]
  2. Anwer, Z., Azmi, W., & Mohamad, S. (2020). Shariah screening and corporate governance: The case of constituent stocks of Dow Jones US Indices. International Review of Economics & Finance. SSCI IF 1.818/ ABDC ‘A’/ HEC ‘W’[Impact Factor]
  3. Ahad, M., & Anwer, Z. (2020). Asymmetric impact of oil price on trade balance in BRICS countries: Multiplier dynamic analysis. International Journal of Finance & Economics. SSCI IF 0.943 / ABDC ‘B’/ HEC ‘W’ [Impact Factor]
  4. Ahad, M., & Anwer, Z. (2020). Do movements in macroeconomic determinants affect American depository receipt prices? Evidence from France. International Journal of Finance & Economics. SSCI IF 0.943/ ABDC ‘B’/ HEC ‘W’ [Impact Factor]
  5. Naeem, M. A., Farid, S., Faruk, B., & Shahzad, S. J. H. (2020). Can happiness predict future volatility in stock markets?. Research in International Business and Finance, 54, 101298. (IF: 1.80, ABDC B) [Impact Factor]
  6. Liu, C., Naeem, M. A., Rehman, M. U., Farid, S., & Shahzad, S. J. H. (2020). Oil as Hedge, Safe-Haven, and Diversifier for Conventional Currencies. Energies, 13(17), 4354. (IF: 2.70) [Impact Factor]
  7. Naeem, M. A., Farid, S., Balli, F., & Hussain Shahzad, S. J. (2020). Hedging the downside risk of commodities through cryptocurrencies. Applied Economics Letters, 1-8. (IF: .75, ABDC B) [Impact Factor]

HEC Y

  1. Anwer, Z., Khan, S., & Bakar, M. A. (2020). Shari?ah-compliant central banking practices: lessons from Muslim countries’ experience. ISRA International Journal of Islamic Finance. SCOPUS / ABDC ‘C’ [HEC Y Category]
  2. Nosheen, S., Naveed-ul-Haq and Khan, T.M. (2020) ‘ASEAN countries CG disclosure practices: a comparative analysis of one-tier and two-tier board structures’, Int. J. Business Governance and Ethics, Vol. 14, No. 3, pp.317–335 SJR Inderscience [HEC Y Category]
  3. Khan, T.M., Nosheen, S. & ul Haq, N. Corporate governance mechanism and comparative analysis of one-tier and two-tier board structures: evidence from ASEAN countries. Int J Discl Gov (2020). https://doi.org/10.1057/s41310-020-00075-0 SJR Springer [HEC Y Category]
  4. Nosheen, S., Khan, T. M. & Rehman, F. U.,(2020). SMEs Exports are Influenced by Different Risk Factors: Empirical Study of Emerging Economy. Journal of Accounting and Finance in Emerging Economies, 6 (1), 201-218 DOI: 10.26710/jafee.v6i1.1078 [HEC Y Category]
  5. Farid, S., Tashfeen, R., Rashid, A., & Naeem, M. A. (2020). Does Shariah Based Asset Categorization Improve Portfolio Performance. Paradigms, (SI), 15-21. [HEC Y Category]
  6. Khan, N., Rafay, A. & Shakeel, A. (2020). Attributes of Internal Audit and Prevention, Detection and Assessment of Fraud in Pakistan. Lahore Journal of Business, 9(1), 33-58. [HEC Y Category]
  7. Ramzan, M., Ahmad, I. & Rafay, A. (2020). Is Auditor independence influenced by Non-audit services? A stakeholder’s viewpoint. Pakistan Journal of Commerce and Social Sciences, 14(1), 388-408. [Indices: Scopus/SJR] [H-Index: 1] [HEC Y Category]
  8. Ajmal, M. M., Rafay, A. & Ajmal, M. M. (2020). Managing International Communication: JI Trading company. Asian Journal of Management Cases, 17(1), 52-60. DOI: 10.1177/0972820119892704 [Indices: Scopus/SJR, Clarivate Analytics ESCI] [H-Index: 6] [ABDC-2019: C] [HEC Y Category]
  9. Rafay, A., Farid, S., Yasser, F. & Safdar, S. (2020). Social Collateral and Repayment Performance: Evidence from Islamic Micro Finance. Iranian Economic Review, 24(1), 41-74. [Indices: Scopus/SJR] [HEC Y Category]
  10. Sadiq, R., Nosheen, S., & Akhtar, W. (2020). The Influence of Governance on Intellectual Capital in Textile Industry. International Journal of Business and Society, 21(1), 1-24. [Index: Scopus/SJR] [HEC Y Category]
  11. Sadiq, R., & Nosheen, S. (2020). Determining the Impact of Intangible Assets on Intellectual Capital and Competitive Advantage in Banking. Lahore Journal of Business, 9(1), 105-144. [HEC Y Category]
  12. Javed, M. M., Ayaz, M., & Kalim, R. (2020). Revisiting the Index to Measure Maqas. id al-Shar i ‘ah Oriented Performance of Islamic Banks: Evidence from Pakistan. Journal of Islamic Business and Management, 10(1), 12-27. [HEC Y Category]
  13. Qayyum, A., Hussain, T., & Khan, M. S., (2020). Determinants of Islamic bank profitability in Pakistan: Using economic value added (EVA) approach. Paradigms, 14(2), 166-175. [HEC Y Category]
  14. Arshad, Z., Hussain, T., & Khan, M. M. S., (2020). Does Shariah Governance eliminate default risk: A Shariah Governance index for Banking Sector. Paradigms, 14(2), 180-188. [HEC Y Category]
  15. Ayaz, M., khuram, F. J., Sadaf S., & Arsha, N (2020) Sources and Uses of Charity Fund Accounts: A comparative study of Islamic banks of Pakistan. COMSATS Journal of Islamic Finance, 5 (1), 1-27. [HEC Y Category]
  16. Bhukari, H. M., Ayaz, M., & Kalim, R (2020). Shariah Scholar’s Insight on Shari’ah Governance framework for Islamic banking institutions in Pakistan. COMSATS Journal of Islamic Finance, 5 (2), 1-19. [HEC Y Category]
  17. Ayaz, M., Arshad, N., & Haq, H. (2020) Characteristics of Shari’ah governance and incidence of charity: A case of Pakistan. COMSATS Journal of Islamic Finance, 5 (2), 1-15. [HEC Y Category]
  18. Qureshi, M. H., Hussain, T. (2020) Green Banking Products: Challenges and Issues in Islamic and Traditional Banks of Pakistan. Journal of Accounting and Finance in Emerging Economies 6(3) [HEC Y Category]
  19. Qureshi, M. H., Hussain, T. (2020) Trend Analysis of Islamic financing: A Case of Islamic Banks in Malaysia. Journal of Islamic Business and Management (JIBM) [HEC Y Category]
  20. Hussain, T., Arshad, N., Kalim, R. (2020) An Appraisal of the Role of Islamic Banking Development and Economic Growth. Journal of Applied Economics and Business Studies. [HEC Y Category]

HEC X

  1. Anwer, Z. (2020). Salam for import operations: mitigating commodity macro risk. Journal of Islamic Accounting and Business Research. SCOPUS / ABDC ‘C’ [HEC X Category]
  2. Anwer, Z. (2020) Shariah Compliant Financial Intermediation in Dual Banking System. Turkish Journal of Islamic Economics ESCI [HEC X Category]

Case Study

  1. Bajwa, S. U., Shaikh, A. S., Azeem, M. U., Shahzad, K., & Kitchlew, N. (2020). ICU Pharma Pakistan: Growth Crossroads. Asian Journal of Management Cases. https://doi.org/10.1177/0972820120956947

Not Recognized

  1. Racman, S. M. H. A., Shah, H. S., Ayaz, M., & Ullah, K. (2020) The Lanao Sultanate in the 17th Century Zakat System With Special Reference to the Islamic Perspectives of Al-Mawardi. International Journal of Islamic Economics and Governance, 46. [NR] 

2019

Impact Factor

  1. Rafay, A. & Farid, S. (2019). Islamic Banking System: A Credit Channel of Monetary Policy – Evidence from an Emerging Economy. Economic Research, 32(1), 742-754. [Indices: JCR IF: 1.381, SJR, Clarivate Analytics SSCI] [H-Index: 14][Impact Factor]
  2. Rafay, A., & Farid, S. (2019). Islamic banking system: a credit channel of monetary policy – evidence from an emerging economy. Economic Research-Ekonomska Istraživanja, 32(1), 742-754. doi: 10.1080/1331677X.2019.1579662. [JCR] (IF: 1.381)

SJR

  1. Azhar, S. M., Tashfeen, R., Khalid, J., & Azhar, T. M. (2019). Dichotomy in ethical perceptions of business students: an emerging country perspective. Journal of International Education in Business, 12(1), 43-64. doi: 10.1108/jieb-05-2018-0015. [SJR]
  2. Khan, M. M. S., Tashfeen, R., & Saghir, S. (2019). Working capital management and performance in manufacturing sector of Pakistan. Journal of Business and Retail Management Research (JBRMR), 13(3), 70-82. [SJR]

HEC Y

  1. Rafay, A., Yasser, F., & Khalid, Z. (2019). Revaluation of Non-Current Assets under IAS-16: Possibility of any Managerial inducement - Evidence from a South Asian Economy. DLSU Business and Economics Review, 29(1), 93-105. [Indices: Scopus/SJR] [H-Index: 7] [HEC Y Category]
  2. Ayaz, M., Shah, H. S., Shaheen, S., & Yusuf, J. B. (2019). Islamic Microfinancing by the Banking Sector of Pakistan. Journal of Islamic Thought and Civilization, 9(2), 148-171. [HEC Y Category]
  3. Ayaz, M., Shah, H. S., Hussain, T., & Iqbal, M. (2019). Islamic Capital Markets and Economic Growth. Islamic Banking and Finance Review, 6, 39-58. [HEC Y Category]
  4. Hussain, T., & Khalil, M. N. (2019). Shari'ah Issues in Islamic Capital Markets of Pakistan: A Case Study of Sukuk. Journal of Islamic Thought and Civilization, 9(1), 1-16. [HEC Y Category]

HEC X

  1. Rafay, A., Franco, G. & Gilani, U.J. (2019). Measuring Competition in Banking Industry: Evidence from Latin American Economies. Pakistan Business Review, 21(1), 154-163. [HEC X Category]
  2. Khan, T.M., Rizvi, S. K. A., Sadiq. R. (2019). Disintermediation of banks in a developing economy Profitability and depositor protection in adverse economic conditions. Managerial Finance 42(2), 222-243 [HEC X Category]

Book Chapter

  1. FinTech as a Disruptive Technology for Financial Institutions. (2019). (A. Rafay Ed. 1 ed.). Hershey, Pennsylvania, USA: Business Science Reference. [Book Chapter]

Case Study

  1. Rafay, A., & Singh, N. (2019). Bright Paint Industries: Expansion Through Internationalization. South Asian Journal of Business and Management Cases, 9(1), 40-53. doi: 10.1177/2277977919881399. [SJR] [Case Study]

 2018

SJR

  1. Rafay, A., Chen, Y., A. B. Naeem, M., & Ijaz, M. (2018). Analyzing the Impact of Credit Ratings on Firm Performance and Stock Returns: Evidence from Taiwan. Iranian Economic Review, 22(3), 767-786. doi: 10.22059/ier.2018.67452. [SJR]
  2. Farooqi, M., Azhar, S. M., & Tashfeen, R. (2018). Jihadist Organizations: History and Analysis. Journal of social, Political and Economic studies (43), 1-2. [SJR]
  3. Tashfeen, R., & Azhar, T. M. (2018). The proxies conundrum. Management Research Review, 41(4), 453-486. doi:10.1108/MRR-06-2017-0174 [SJR]
  4. Farooqi, M., Azhar, S. M., &Tashfeen, R. (2018). Jihadist Organizations History and Analysis. The Journal of Social, Political and Economic Studies, 43(1&2), 142-151 [SJR

HEC Y

  1. Nosheen, S., Naveed-Ul-Haq, & Sajjad, M. F. (2018). Corporate Governance, Disclosure Quality and Cost of Equity: Evidence from Pakistan. The Lahore Journal of Business, 6(2). [HEC Y Category]
  2. Naveed-Ul-Haq, Raja, A. A., Nosheen, S., & Sajjad, M. F. (2018). Determinants of client satisfaction in web development projects from freelance marketplaces. International Journal of Managing Projects in Business, 11(3), 583-607.doi:10.1108/IJMPB-02-2017-0017. [HEC Y Category]
  3. Sadiq, R., Khan, T. M., & Arshed, N. (2018). Empirical analysis of structural income changes in commercial banks: a case of Pakistan. The Lahore Journal of Business, 7(1). [HEC Y Category]
  4. Farid, S., Khan, T.M. (2018) Dynamic Links between Stock Market Returns and Industry Returns. Global Management Journal for Academic and Corporate Studies 8(2), 99-109 [HEC Y Category]
  5. Ali, A.M., Hussain, T. (2018) Murabaha Perceptions of Islamic Bankers, Case of Pakistan. COMSATS Journal of Islamic Finance 2(2) [HEC Y Category]
  6. Hussain, T., Yasser, F. (2018) Impact of Corporate Governance Characteristics on Corporate Social Responsibility Disclosure of Indexed – A case study of Islamic Banks of Pakistan. Islamic Banking and Finance Review 5(1) [HEC Y Category]

HEC X

  1. Rafay, A., & Farid, S. (2018). Shariah Supervisory Board Report (SSBR) in Islamic banks: An experimental study of investors’ perception and behavior. International Journal of Islamic and Middle Eastern Finance and Management, 11(2), 274-296. doi:10.1108/IMEFM-07-2017-0180. [HEC X Category]
  2. Rafay, A. & Farid, S. (2018) Competitive Environment in Banking Industry: Evidence from an Emerging Economy. Business and Economic Review, 10(3), 65-84. [HEC X Category]

UMT

  1. Ejaz, M., Tashfeen, R., Younas, K., & Naeem, A. (2018). Economic Value Added or Earnings per Share? An Incremental Content Analysis. Empirical Economic Review, 1(2), 63-90. (UMT)
  2. Yusuf, J. B., Shah, H. S., Ayaz, M., & Buaben, J. M. (2018). Interest Free Banking and Finance in Brunei Darussalam: Present Realities and Future Prospects. Journal of Islamic Thought and Civilization, 8(2), 35-62. [UMT]
  3. Ayaz, M., Shah, H. S., & Yusuf, J. B. (2018). Legal and Corporate Governance Framework for Islamic Banks in Pakistan. Islamic Banking and Finance Review, 5, 24-37. [UMT]

Book Chapter

  1. Rafay, A., & Khan, A. (2018). Synergy for Sustainability in the Upcoming Telecommunications Revolution: The Case of a Developing Economy. In A. Borchers (Ed.), Technology Management in Organizational and Societal Contexts (pp. 51-76). Hershey, PA: IGI Global. doi:10.4018/978-1-5225-5279-6.ch003 [Book Chapter]

Not Recognized

  1. Hussain, T., Qureshi, M. H., & Nazir, M. S. (2018). Analysis of Islamic financing and related assets: a study of Islamic banks of Pakistan. International Journal of Islamic Marketing and Branding, 3(2), 116-143. [NR]
  2. Riaz, S., & Hussain, T. (2018). What Determines The Financing Supply of Islamic Banks? A Multicountry Study. International Journal of Economics and Financial Research, 4(1), 22-29.[NR]

 2017 

JCR

  1. Rafay, A., Sadiq, R. & Ajmal, M. M. (2017). Uniform framework for Sukuk-Al-Ijara – A proposed model for all madhahib. Journal of Islamic Accounting and Business Research, 8(4), 420-454. [JCR]
  2. Ullah, S., Siddiqui, A. F., & Tashfeen, R. (2017). Corporate leverage: Structural equations framework in an emerging economy. Managerial Finance, 43(11), 1224-1235. [JCR]
  3. Ajmal, M. M., Rafay, A. & Sadiq, R. (2017). Pricing of Bai Salam: An analytical perspective. International Journal of Business & Society, 18(S1), 167-176. [JCR]

SJR

  1. Rafay, A. & Farid, S. (2017). Financial integration in money markets: Evidence from SAARC region. DLSU Business and Economics Review, 26(2), 87-114. [SJR]
  2. Rafay, A. & Farid, S. (2017). Dynamic relationship between Islamic banking system and real economic activity: Evidence from Pakistan. Journal of King Abdulaziz University, Islamic Economics, 30(2), 97-114. [SJR]

HEC Y

  1. Khan, T. M., Sadiq, R., Mushtaq, A. (2017)CREDIT RISK AND BANKS STABILITY: AN EMPIRICAL ANALYSIS OF PAKISTANI BANKING SECTOR. Journal of Business & Economics 9(2), 20-45 [HEC Y Category]
  2. Rafay, A., Gilani, U. J., & Izhar, M. A. (2017). Investigating the performance of Islamic mutual funds: Evidence from an emerging economy. City University Research Journal, 7(2), 234-241. [HEC Y Category]
  3. Sadiq, R., Ehtesham, U. & Khan, T. (2017). Sensitivity of investment to internal funds and its impact on asset sales and performance: Case of a developing economy. Global Management Journal for Academic and Corporate Studies, 7(2).[HEC Y Category]
  4. Khan, T. M., Rizwan, H. , Akhtar, Naqvi, S. W. A. (2017). How Efficient the Islamic Banking Model is in Pakistan?. The Lahore Journal of Business 6:1 [HEC Y Category]
  5. Ayaz, M., & Mansoori, MT (2017). Strengthening Corporate Governance Regime for Islamic Banks in Pakistan: Focusing on the Principles of Amana and Mas’ uliyah. Journal of Islamic Business and Management, 7(2), 178-196. [HEC Y Category]
  6. Hussain, T., Khalil, N. M. (2017) A Sustainble Islamic Microfinance Model in the True Sprite of Islam. Islamic Banking and Finance Review 4(1) [HEC Y Category]

UMT

  1. Rafay, A. & Farid, S. (2017). Maqasid-al-Shari‘ah vs. contemporary Islamic banking and finance: The case of Pakistan. Journal of Islamic Thought and Civilization, 7(2), 41-51. [UMT]
  2. Oybekovich, A. G., Shah, H. S., & Ayaz, M. (2017). The Role of the Zakat System during the Colonial-period in Malaysia and Uzbekistan. Islamic Banking and Finance Review, 4, 40-54. [UMT]

Book Chapter

  1. Rafay, A., Mohsan, T., & Sadiq, R. (2017). Structural Mix of Credit Portfolios in Islamic Banking System: Evidence from a South Asian Economy. In Advances in Islamic Finance, Marketing, and Management: An Asian Perspective (pp. 185-210). Emerald Group Publishing Limited. [Book Chapter]

Not Recognized

  1. Rafay, A., Sadiq, R. & Ahmed, S. (2017). Capital investment anomaly and accruals anomaly: Independent or inter-dependent? - Evidence from South Asia. Jurnal Pengurusan, 50(2), 111-122. [NR]
  2. Arshed, N., Raiz, S., Khan, T. M., Aziz, O., July (2017). Financial Disintermediation and Profitability of Global Islamic Banks. EJIF – European Journal of Islamic Finance, 7, 1-12 [NR]
  3. Sadiq, R., Arshed, N., & Ahmad, H. K. (2017). Determinants of Cost Efficiency of Islamic Banks of Pakistan. The Journal of Muamalat and Islamic Finance Research, 111-128.[NR]
  4. Khan, M. M. S., Shafiq, B., & Farrukh, I. (2017). An empirical analysis of banking sector in pakistan: Islamic versus conventional banks. International Journal of Islamic Economics and Finance Studies, 3(1). [NR]
  5. Gillani, S. H. B., Khan, M. M. S., & Ijaz, F. (2017). Factors reinforcing Pakistan halal food industry to be the world halal food hub. Journal of Education and Social Sciences, 6, 31-43. [NR]

 2016 

SJR

  1. Rafay, A. & Khan, A. (2016). Shift towards Next Generation Networks (NGNs) for sustainability: Evidence from an emerging Economy. Journal of Cases on Information Technology, 18(3), 1-12. [SJR]
  2. Rafay, A., & Gilani, U. J. (2016). Banking Competition and Stability: Evidence from Inter-continental Markets. DLSU Business and Economics Review, 25(2),24-40. [SJR]

HEC Y

  1. Naqvi, S.M.W.A., Khan, T.M., Rizavi, S.S.(2016). The Efficiency of Credit Portfolio Management in Pakistan’s Banking Sector. The Lahore Journal of Business 4:2, 51-72 [HEC Y Category]
  2. Rafay, A., Sadiq, R. & Mohsan, T. (2016). X-Efficiency in Banking Industry – Evidence from South Asian Economy. Global Management Journal for Academic & Corporate Studies, 6(1), 25-36. [HEC Y Category]
  3. Rafay, A., Sadiq, R., & Ajmal, M. (2016). The Effect of IAS-24 Disclosures on Governance Mechanisms and Ownership Structures in Pakistan. Lahore Journal of Business, 5(1), 15-36. [HEC Y Category]

HEC X

  1. Rafay, A., Sadiq, R., & Ajmal, M. (2016). Fragmentation of Islamic Financial Products–An Exploratory Study of Islamic Schools of Thought. Abasyn Journal of Social Sciences, Special Issue, 48-61. [HEC X Category]

HEC Z

  1. Ilyas, A., Arshed, N., & Hussain, T. (2016). Service quality and customer satisfaction: A study on Islamic banks of Pakistan. Journal of Business Strategies, 10(1), 73–88. [HEC Z Category]

Not Recognized

  1. Gillani, S. H. B., Khan, M. M. S., & Ijaz, F. (2017). Factors reinforcing Pakistan halal food industry to be the world halal food hub. Journal of Education and Social Sciences, 6, 31-43. [NR]