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Dr. M. Suhail Rizwan
Assistant Professor
Finance & Investment

National University of Sciences and Technology (NUST)
NUST Business School, H-12 Sector, Islamabad
Tel : +92-51-90853159


PhD Business Administration (Finance)-NUST Business School (NBS), NUST, Pakistan.

​Dr. Rizwan has done his PhD in Business Administration with specialization in Finance from NUST Business School (NBS), National University of Sciences and Technology (NUST), Islamabad, Pakistan. Previously, Dr. Rizwan has won “Allah Nawaz Khan Tareen Gold Medal” in Master of Commerce from Bahauddin Zakariya University (BZU), Multan.

Dr. Rizwan has over 3 years of consultancy experience with Islamic Research and Training Institute (IRTI), (a member of Islamic Development Bank), Jeddah, Saudia Arabia.

Environmental, Social and Governance (ESG) issues, Islamic Banking and Finance, Financial Risk Management, Regulatory framework of financial institutions.

Journal Publications:

  1. ​Rizwan, M. S., Moinuddin, M., L’Huillier, B., & Ashraf, D. (2018). Does a one-size-fits-all approach to financial regulations alleviate default risk? The case of dual banking systems. Journal of Regulatory Economics, 53(1), 37-74. (Impact factor: 0.911)​

  2. L’Huillier, B., Ashraf, D., Rizwan, M. S. (2018). The net stable funding requirement under Basel III: loan portfolio growth mattersAsia-Pacific Journal of Financial Studies, 47(4), 477-500. (Impact factor 0.556)

  3. Ashraf, D., Rizwan, M.S., & Azmat, S., (2018). The Role of Ownership and Governance Mechanism in Sukuk Financing by Malaysian Firms: An Application of A Double Selection Model, IRTI Working Paper No. WP/2018/02, Jeddah: Islamic Research and Training Institute.

  4. Rizwan, M. S., Obaid, A., & Ashraf, D. (2018). Does the Participation in CSR Activities Enhance Information Diffusion? Evidence from US Firms. Pakistan Journal of Commerce and Social Sciences (PJCSS) 12 (1), 01-28.​​

  5. Rizwan, M. S., Obaid, A., & Ashraf, D. (2017). The Impact of Corporate Social Responsibility on Default Risk: Empirical evidence from US firms. Business & Economic Review, 9(3). DOI:​

  6. Ashraf, D., Rizwan, M. S., & L’Huillier, B. (2016). A net stable funding ratio for Islamic banks and its impact on financial stability: An international investigation. Journal of Financial Stability, 25, 47-57. (Impact factor 2.301)

  7. Rizwan, M. S., Obaid, A., & Ashraf, D. (2016). The Impact of Social Capital on Financial Reporting: A Dynamic Panel Model of the Auditors' Trust and Corporate Social Responsibility by US Firms. Pakistan Journal of Social Sciences (PJSS), 36(2).

  8. Rizwan, M. S., Mahmood, Z., Kouser, R., & Saba, I. (2016). Impact of Short Selling on Volatility of Individual Stocks and Aggregate Market: Empirical Evidence from China. Pakistan Journal of Social Sciences (PJSS), 36(1).

Conference papers:

  1. ​Role of Ownership Structure and Governance Mechanism in Three-step Sequential Decision Making Process of Sukuk Issuance, 2nd Islamic Economics and Finance Symposium, 2016. Morocco.

  2. The impact of regulations on financial stability: The case of Islamic Banks. Islamic Finance, Banking, and Business Ethics Global conference, 2016. LUMS.

  3. Does the implementation of a Net Stable Funding Ratio enhance the financial stability of the banking industry? An international study. 2015 Auckland Finance Meeting. New Zealand.

  • ​Derivatives
  • Financial Management
  • Financial Risk Management