Faculty Profile

Dr. Syed Aun Raza Rizvi

Assistant Professor

Academic

Syed Aun R. Rizvi joined Suleman Dawood School of Business at Lahore University of Management Sciences (LUMS) in 2016. Previously Aun had served University of Nottingham as an Assistant Professor for two years where he contributed towards establishing the Centre for Islamic Business and Finance Research (CIBFR) at University of Nottingham Malaysia Campus.  Aun holds a Ph.D. in Islamic Finance from INCEIF (Malaysia). Prior to that he was educated at Sadiq Public School (Bahawalpur) and NUST (Islamabad).

Aun started his professional career as a Research Analyst with HBL Asset Management Ltd. in 2007, where he was involved in startup of the HBL Asset Management’s mutual funds. Later he moved to the trading desk, and served as Trader Equity for two years before moving to academia.

His research interest focuses on financial markets, Islamic finance, and Econophysics. His research particularly focuses on equity markets in emerging and Islamic countries. He has published in leading mainstream journals in the area of finance and economics like, Pacific-Basin Finance Journal, Emerging Markets Review, Economic Systems, and Physica A amongst others. Aun is also currently serving as a series editor of CIBFR Palgrave Studies in Islamic Finance.

    • Applied Book
      • Rizvi, S. & Saba, I. (2017). Developments in Islamic Finance Challenges and Initiatives, Palgrave Macmillan.
      • Raza Rizvi, S. & Alam, N. (2017). Islamic Economies – Stability, Markets and Endowments, Palgrave Macmillan.
      • Raza Rizvi, S. & Alam, N. (2016). Islamic Banking - Growth, Stability and Inclusion, Palgrave Macmillan.
      • Raza Rizvi, S. & Alam, N. (2016). Islamic Capital Markets - Volatility, Performance and Stability, Palgrave Macmillan.
      • Raza Rizvi, S., Bacha, O. & Mirakhor, A. (2016). Public Finance and Islamic Capital Markets - Theory and Application, Palgrave Macmillan.
    • Article
      • Rizvi, S. & Ibrahim, M. (2017). Do we need bigger Islamic banks? An assessment of bank stability. Journal of Multinational Financial Management.
      • Raza Rizvi, S. & Arshad, S. (2017). Stabilising economic growth through risk sharing macro instruments. The World Economy.
      • Raza Rizvi, S., Arshad, S. & Alam, N. (2016). Do Islamic stock indices perform better than conventional counterparts? An empirical investigation of sectoral efficiency. Review of Financial Economics, 31, 108-114, doi:10.1016/j.rfe.2016.06.003.
      • Raza Rizvi, S. & Arshad, S. (2016). How Does Crisis Affect Efficiency? An Empirical Study of East Asian Markets. Borsa Istanbul Review, 1 (16), 1-8.
      • Raza Rizvi, S., Arshad, S., Ghani, G. & Duasa & Duasa, J. (2016). Investigating Stock Market Efficiency: a look at OIC Member Countries. Research in International Business and Finance, 1 (36), 402-413.
      • Raza Rizvi, S., Arshad, S. & Wardhany, N. (2015). Outsourcing The Islamic Way: A Look Into The Challenges Faced By Financial Institutions. Journal of Islamic Economics, Banking and Finance, 1 (11), 193-205.
      • Raza Rizvi, S., Arshad, S. & Ibrahim, M. (2015). Emissions and Trade in Southeast and East Asian Countries: A Panel Cointegration Analysis. International Journal of Climate Change Strategies and Management, 4 (7), 460-475.
      • Raza Rizvi, S. & Arshad, S. (2015). The Troika of Business Cycle, Efficiency and Volatility. An East Asian Perspective. Physica A, Statistical Mechanics and its Applications, A (419), 158-170.
      • Raza Rizvi, S., Arshad, S. & Alam, N. (2015). Crises and Contagion in Asia Pacific - Islamic v/s Conventional Markets. Pacific-Basin Finance Journal, 34, 315-326.
      • Raza Rizvi, S., Dewandaru, G., Masih, R., Alhabshi & Alhabshi, S. & Masih, M. (2014). The stock market co-movements: Islamic versus conventional equity indices with multi-timescales analysis. Economic Systems, 4 (38), 553-571.
      • Raza Rizvi, S., Arshad, S., Arshad, S. & Lahsasna & Lahsasna, A. (2014). Derivatives in Islamic Finance: The Need and Mechanisms Available. International Journal of Financial Services Management, 3/4 (7), 177-195.
      • Raza Rizvi, S., Dewandaru, G., Bacha, O. & Masih & Masih, M. (2014). What factors explain stock market retardation in Islamic Countries?. Emerging Markets Review, 2 (19), 106-127.
      • Raza Rizvi, S., Arshad, S. & Ibrahim, M. (2014). Tripartite Analysis across Business Cycles in Turkey: A Multi-timescale Inquiry of Efficiency, Volatility and Integration. Borsa Istanbul Review, 4 (14), 177-195.
      • Raza Rizvi, S., Dewandaru, G., Bacha, O. & Masih & Masih, M. (2014). An Analysis of Stock Market Efficiency: Developed vs Islamic Stock Markets Using MF-DFA. Physica A, Statistical Mechanics and its Applications, 407, 86-99.
      • Raza Rizvi, S. & Arshad, S. (2014). An Empirical Study of Islamic Equity as a Better Alternative During Crisis Using Multivariate GARCH. Islamic Economics Studies, 1 (22), 159-184.
      • Raza Rizvi, S. & Arshad, S. (2014). Sanctuary in the Midst of Crisis? A Look into Shariah Indices using Multivariate GARCH DCC. Global Review of Islamic Economics and Business, 1 (22), 150-163.
      • Raza Rizvi, S. & Arshad, S. (2014). Investigating Efficiency of East Asian Stock Markets through Booms and Busts. Pacific Science Review, 4 (16), 275-279.
      • Raza Rizvi, S. & Arshad, S. (2013). Impact of Corruption on Bank Profitability: An Analysis of Islamic Banks. International Journal of Business Governance and Ethics, 3 (8), 195-209.
      • Raza Rizvi, S. & Arshad, S. (2013). The Impact of Global Financial Shocks to Islamic Indices: Speculative Influence or Fundamental Changes?. Journal of Islamic Finance, 1 (2), 1-11.
    • InsDev Chapter
      • Raza Rizvi, S. (2016). Islamic Capital Market Research: Past Trends and Future Considerations, Accepted. Islamic Capital Markets - Volatility, Performance and Stability.
      • Raza Rizvi, S. (2015). Indexing government debt to GDP: A risk sharing mechanism for government financing in Muslim countries, Accepted. Islamic banking and finance – Essays on corporate finance, efficiency and product development..
    • PaperI
      • Raza Rizvi, S. & Arshad, S. (2017). An Inquiry on Systematic Risks of Islamic and Conventional Sectors. Islamic Finance, Banking & Business Ethics Global Conference (IFBBE), Kuala Lumpur, Malaysia.
      • Raza Rizvi, S. & Arshad, S. (2017). An Inquiry on Systematic Risks of Islamic and Conventional Sectors. Economic Modelling Conference, Melbourne, Australia- VIC.
      • Raza Rizvi, S., Ali, M. & Azmi, W. (2017). Impact of competition and diversification on risk and return: Evidence from the dual banking economies. 8th RMUTP International Conference, Bangkok, Thailand.
      • Raza Rizvi, S. & Arshad, S. (2017). Risks in Stock Markets: A Comparative Analysis of Systematic Risk in Islamic and Conventional Sectoral indices. 2nd Applied Financial Modelling Conference, Melbourne, Australia- VIC.
      • Raza Rizvi, S. & Arshad, S. (2016). Stabilizing Economic Growth Through Risk Sharing Macro Instruments. World IslamicFinance Forum, Karachi, Pakistan.
      • Raza Rizvi, S., Bacha, O. & Ibrahim, M. (2016). Stabilizing Economic Growth Through Risk Sharing Macro Instruments for Emerging Economies. Islamic Finance, Banking & Business Ethics Global Conference (IFBBE), Lahore, Pakistan.
      • Raza Rizvi, S., Alam, N. & Arshad, S. (2015). The Gaining Momentum of Emerging Stock Markets – A Tripartite Inquiry into Volatility-Efficiency-Integration Nexus. Hangzhou Conference, Hangzhou, China., Hangzhou, China.
      • Raza Rizvi, S. & Arshad, S. (2014). Are Islamic Equities as a Safer Haven? Evidence from Indo Pak Equity Markets. International Social Sciences and Business Research Conference, Kathmandu, Nepal.
      • Raza Rizvi, S., Dewandaru, G., Sarkar, K., Bacha & Bacha, O. & Masih, M. (2014). How Macroeconomic Changes Impact Islamic and Conventional Equity Prices? Evidence from Developed and Emerging Countries. 4th Islamic Banking and Finance Conference, Lancaster University, United Kingdom.
      • Raza Rizvi, S. & Arshad, S. (2013). Indexing Government Debt to GDP: A Risk Sharing Mechanism for Government Financing in Muslim Countries. 9th International Conference on Islamic Economics and Finance, Istanbul, Turkey.
      • Raza Rizvi, S. & Arshad, S. (2013). Sanctuary in the Midst of Crisis? A Look into Shariah Indices using Multivariate GARCH DCC. at International Conference on Business, Accounting, Finance, and Economics, Kampar, Malaysia.
      • Raza Rizvi, S., Dewandaru, G., Bacha, O. & Masih & Masih, M. (2013). Efficienrcy of Islamic and Conventional Indices - Developed v/s Emerging Countries. 10th Asian Academy of Management International Conference, Penang, Malaysia.
      • Raza Rizvi, S., Dewandaru, G., Bacha, O. & Masih & Masih, M. (2013). What factors explain stock market retardation in Islamic Countries?. 10th Asian Academy of Management International Conference 2013, Penang, Malaysia.
      • Raza Rizvi, S. & Arshad, S. (2013). Inferences between Business Cycles and Stock Markets: A Comparative Analysis of Islamic Stock Indices. 15th Malaysian Finance Association Conference, Kuala Lumpur, Malaysia.
      • Raza Rizvi, S., Dewandaru, G., Sarkar, K., Bacha & Bacha, O. & Masih, M. (2013). How Macroeconomic Changes Impact Islamic and Conventional Equity Prices? Evidence from Developed and Emerging Countries. 15th Malaysian Finance Association Conference, Kuala Lumpur, Malaysia.
      • Raza Rizvi, S., Dewandaru, G., Alhabshi, S. & Masih & Masih, M. (2013). The stock market co-movements: Islamic versus conventional equity indices with multi-timescales analysis. 15th Malaysian Finance Association Conference, Kuala Lumpur, Malaysia.
      • Raza Rizvi, S., Dewandaru, G., Bacha, O. & Masih & Masih, M. (2013). Stock Market Efficiency in Islamic Countries. 15th Malaysian Finance Association Conference, Kuala Lumpur, Malaysia.
      • Raza Rizvi, S., Dewandaru, G., Bacha, O. & Masih & Masih, M. (2013). Efficienrcy of Islamic and Conventional Indices - Developed v/s Emerging Countries. 15th Malaysian Finance Association Conference, Kuala Lumpur, Malaysia.
      • Raza Rizvi, S., Dewandaru, G., Bacha, O. & Masih & Masih, M. (2013). What factors explain stock market retardation in Islamic Countries?". 15th Malaysian Finance Association Conference, Kuala Lumpur, Malaysia.
      • Raza Rizvi, S. & Arshad, S. (2013). Asia Pacific Business Cycle: Ties with Islamic Stock Indices. 2nd Applied International Business Conference, Kota Kinabalu, Malaysia.
      • Raza Rizvi, S. & Arshad, S. (2012). Are Islamic Equity Indices A Safer Haven In Times Of Crisis? An Empirical Proof via Investigation of Global Indices Using Multivariate GARCH DCC. Toward Resilient, Robust, and Competitive Islamic Capital Markets, Jakarta, Indonesia.
      • Raza Rizvi, S. & Lahsasna, A. (2012). Derivatives in Islamic Finance: The Need and Mechanisms Available for Islamic Financial Markets. 2nd ISRA Colloquium "Islamic Finance in a Challenging Economy: Moving Forward, Kuala Lumpur, Malaysia.
TitleSemesterCode
Islamic Banking and FinanceFall Semester 2016-171601
Probability and StatisticsSpring Semester 2016-171602
Independent StudySpring Semester 2016-171602
Directed Research ProjectSpring Semester 2016-171602
Senior Project in Accounting and FinanceSpring Semester 2016-171602
Senior Project in General ManagementSpring Semester 2016-171602
Principles of FinanceSpring Semester 2016-171602
Islamic Capital Markets & InstrumentsSpring Semester 2016-171602
Islamic Banking and FinanceFall Semester 2017-181701
Seminar in Islamic and Corporate FinanceFall Semester 2017-181701