University of Science and Technology Chittagong

Dr. Mohammad Sahabuddin

Dr. Mohammad Sahabuddin

Assistant Professor and Head
Finance and Banking


Dr. Mohammmad Sahabuddin currently serves as an Assistant professor at the Faculty of Business Administration, University of Science and Technology Chittagong and works as a Postdoctoral researcher at the Finance Division of the Faculty of Applied and Human Sciences, Universiti Malaysia Perlis. His area of interest in research are Financial Markets, Conventional and Islamic finance. His current projects are Islamic FinTech, Halal Tourism, Entrepreneurship, Blended Learning, Internationalization and Sustainable Education System. He has presented papers at national and international conferences and published several articles in international journals. He has completed PhD in Business Economics from Universiti Putra Malaysia (UPM). Along with this, he did a Master of Business Administration (MBA) and Bachelor of Business Administration (BBA) major in finance from the University of Chittagong, Bangladesh. He is currently an advisor of the Bangladeshi Students’ Association in UPM (BSAUPM) and he was a former president of the Bangladeshi Students’ Association in UPM (BSAUPM) and country representative of Bangladesh in Universiti Putra Malaysia (UPM).


  • PhD in Business Economics (Finance)
    Faculty of Economics and Management, Awarded year: 2020, University Putra Malaysia, Malaysia (QS World University Rankings #123, Asian
    Faculty of Economics and Management (AACSB Accredited), Title: Co-movement and performance of conventional and Islamic stock markets in selected countries.
  • MBA (Master of Business Administration)
    Result: CGPA 3.66 (out of 4.00), Passing year: 2003, University of Chittagong, Bangladesh
    Department of Finance
  • BBA (Bachelor of Business Administration)
    Result: Second Class (52.28% marks), Passing year: 2001, University of Chittagong, Bangladesh
    Department of Finance
  • HSC (Higher Secondary Certificate)
    Result: First Division (66.8% marks), Passing year: 1994, Narsingdi Govt. College, Dhaka Board
    Group: Commerce
  • SSC (Secondary School Certificate)
    Result: First Division (72.00% marks), Passing year: 1992, Shyamagram M.K. High School, Comilla Board
    Group: Social Science

Program Affiliated

Areas of Interest

  • Area of interest in research: Financial Markets
  • Conventional and Islamic finance
  • Islamic FinTech
  • Halal Tourism
  • Entrepreneurship
  • Blended Learning
  • Internationalization and Sustainable Education System.

Courses Taught

  • Research Methodology
  • Islamic Banking and Finance
  • Financial Accounting
  • Material Management
  • Industrial Management and Labor Relation

Journals & Articles

  • 2022: Sahabuddin, M., Islam, M. A., Tabash, M. I., Anagreh, S., Akter, R., and Rahman, M.M. (2022). Co-Movement, Portfolio Diversification, Investors’ Behavior and Psychology: Evidence from Developed and Emerging Countries’ Stock Markets. Journal of Risk and Financial Management 15: 319. (Scopus, ABDC and WoS-ESCI)
  • 2022: Alam, M. K., Islam, M. S., Islam, F. T., Sahabuddin, M. & Alauddin, M. (2022). One regulator: Diversified Shariah governance practice, why? Asian Journal of Accounting Research , DOI: 10.1108/AJAR-07-2021-0104. (Scopus and ABDC, Emerald Insight-Early View)
  • 2022: Sahabuddin, M., Hassan, M.F, Tabash M. I., Al-Omari, M.A., Alam, M.K., & Islam, F.T., (2022). Co-movement and causality dynamics linkages between conventional and Islamic stock indexes in Bangladesh: A wavelet analysis, Cogent Business & Management, 9:1, 2034233, DOI: 10.1080/23311975.2022.2034233, (WoS-ESCI and Scopus Indexed).
  • 2021: Alam, M. K., Rahman, M. M., Islam, F. T., Adedeji, B. S., Mannan, M. A., & Sahabuddin, M. (2021). The practices of Shariah governance systems of Islamic banks in Bangladesh, Pacific Accounting Review, 33(4), 505–524., (WoS-ESCI and Scopus Indexed).
  • 2021: Rahaman, M. S., Moral, I. H., Rahman, M. M., Sahabuddin, M., & Samuel, A. B. (2021). Online Learning in Bangladesh during COVID-19: Perceived Effectiveness, Challenges, and Suggestions. Journal of Education, Management and Development Studies, 1(3), 35-47.
  • 2020: Sahabuddin, M., Muhammad, J., Yahya, M. H. D. and Shah, S. M., (2020). Co-movements between Islamic and Conventional Stock Markets: An Empirical Evidence, Journal Ekonomi Malaysia 54(3), 27–40.,( Scopus Indexed).
  • 2020: Md Kamal Uddin, Md Uzir Hossain Uzir, Md. Mahadhi Hasan, Mohammad Salim Hassan, Sahabuddin, M. (2020). A Scientific Novel Way of Article and Thesis Writing: Findings from a Survey on KSI Technique, Universal Journal of Educational Research, 8(12A),7894-7904.DOI:10.13189/ujer.2020.082578, (Scopus Indexed).
  • 2020: ALAM, M. K., TABASH, M. I., THAKUR, O. A., SAHABUDDIN, M., HOSEN, S.,& HASSAN, M. F. (2020). A Central Shariah Regulatory Authority for the Islamic Banks in Bangladesh: Legalization or Formation. The Journal of Asian Finance, Economics and Business (JAFEB), 7(1), 91-100. (Scopus Indexed).
  • 2019: Sahabuddin, M., Muhammad, J., Yahya, M. H., Shah, S. M., and Alam, M. K. (2019). DIGITALIZATION, INNOVATION AND SUSTAINABLE DEVELOPMENT: AN EVIDENCE OF ISLAMIC FINANCE PERSPECTIVE, International Journal of Asian Social Science, 9(12), 651-656. (Excellence in Research for Australia-ERA Indexed).
  • 2018: Sahabuddin, M., Muhammad, J., HjYahya, M. H. D., Shah, S. M., and Rahman, M. M. (2018). The Co-Movement between Shariah Compliant and Sectorial Stock Indexes Performance in Bursa Malaysia. Asian Economic and Financial Review, 8(4), 515-524. (Scopus Indexed).
  • 2018: Sahabuddin, M., Islam, M. R., Muhammad, J., Ali, M. H., and Bashir, M. A. FINANCIAL REPORTING OF ISLAMIC BANKS IN BANGLADESH: BASIS OF REGULATORY COMPLIANCE. Sci.Int.(Lahore),30-(1),137-141. (Peer Indexed).
  • 2017: Reaz, M., Mahat, F., Dahir, A. M., Sahabuddin, M., and Al Mahi, A. S. M. M. (2017). Exchange rate volatility and financial performance of agriculture firms in Malaysia: An empirical analysis using GARCH, wavelet and system GMM. Business and Economic Horizons (BEH), 13(1232-2017-2430), 409-427. (Scopus Indexed).
  • 2016: Abdul, M., Uddin, M. J., Sahabuddin, M., Rahman, M. M., and Rahaman, M. S. (2016). AN APPROACH TO UNDERSTAND THE INTERNAL ENROLLMENT CRITERIA OF STUDENTS FOR HIGHER EDUCATION IN PRIVATE UNIVERSITIES OF BANGLADESH. British Journal of Education, 4(12), 76-87. (Peer Indexed).