Rehan White Background Pic (FF)

Dr. Raja Rehan

Associate Professor
Extension
438
Email
raja.rehan@iobm.edu.pk
Department
Accounting and Finance
Specialization
Finance

About

Dr. Raja Rehan is currently serving as an Associate Professor at the Institute of Business Management (IoBM). He completed his Post-Doctoral Fellowship at the Institute of Islamic Banking and Finance (IiBF), International Islamic University Malaysia (IIUM). He holds a Ph.D. in Finance from the University Kuala Lumpur (UniKL), Malaysia. In addition to his post-doctoral research, Dr. Rehan is a gold medalist and has also served as Professor and Dean of the Faculty of Management Sciences at Khadim Ali Shah Bukhari Institute of Technology (KASBIT) and ILMA University, Karachi. He has further contributed as a Research Assistant on a funded project at UniKL, where he began integrating academic insights with practical research applications. Before transitioning fully into academia, Dr. Rehan accumulated nearly 12 years of industry experience as a Finance and Accounts Executive. His corporate experience includes fund management, portfolio management, financial reporting, and financial statement analysis. As an active researcher, Dr. Rehan has published numerous scholarly articles in both international and local journals of repute. His primary research interests include Capital Structure, Capital Markets, Energy Economics, Financial Crises, Sustainability, Islamic Finance, and Financial Technologies (FinTech).
Academic Qualification
Ph.D (University Kuala Lumpur, Malaysia) & Postdoctoral Fellowship (IIUM Institute of Islamic Banking and Finance, International Islamic University of Malaysia, IIUM)
Finance

Ul-Haq, J., Visas, H., Rehan, R., Hye, Q. M. A., & Abbasi, S. (2025). Toward energy security: The role of industrial intelligence and high-quality economic development. International Journal of Management and Sustainability, 14(2), 530–547.

Rehan, R., Hadi, A. R. A., & Sa’ad, A. A. (2025). Islamic corporate governance and sustainable financial growth. In Islamic Finance and Corporate Governance: Synergies for Sustainable Growth (pp. 1–22). Emerald Publishing Limited.

Rehan, R., Khan, M. A., Fu, G. H., Sa’ad, A. A., & Irshad, A. (2024). The determinants of Shariah banks’ capital structure. International Journal of Economics and Financial Issues, 14(5), 193.

Rehan, R., Sa’ad, A. A., & Haron, R. (2024). Artificial intelligence and financial risk mitigation. Artificial Intelligence for Risk Mitigation in the Financial Industry, 53–79.

Rehan, R., Sa’ad, A. A., Fu, G. H., & Khan, M. A. (2024). The determinants of banks’ capital structure in SAARC economies. Edelweiss Applied Science and Technology, 8(4), 417–433.

Rehan, R., Sa’ad, A. A., Rosman, R. B., & Hye, Q. M. A. (2024). What explains capital structure determinant choices of Shariah firms? Journal of Asian Scientific Research, 14(1), 110.

Rehan, R., Iqbal, M. S., Hye, Q. M. A., & Sa’ad, A. A. (2024). Impact of high-performance practices on financial and non-financial performance of organizations: The moderating role of employee productivity. Journal of Management World, 2024(3), 97–109.

Sa’ad, A. A., Usman, A., & Rehan, R. (2024). Islamic sustainable finance: Gulf experiences. In Islamic Finance and Sustainable Development (pp. 5–14). Routledge.

Bhatti, F. A., Rehan, R., Kassim, S. B., & Saba, I. (2024). Islamic economic model for sustainable development. Remittances Review, 9(4), 265–276.

Ul-Haq, J., Visas, H., Hye, Q. M. A., Rehan, R., & Khanum, S. (2024). Investigating the unparalleled effects of economic growth and high-quality economic development on energy insecurity in China: A provincial perspective. Environmental Science and Pollution Research, 31(15), 22870–22884.

Hye, Q. M. A., Ul-Haq, J., Visas, H., & Rehan, R. (2023). The role of eco-innovation, renewable energy consumption, economic risks, globalization, and economic growth in achieving sustainable environment in emerging market economies. Environmental Science and Pollution Research, 30(40), 92469–92481.

Ghani, E. K., Rehan, R., Salahuddin, S., & Hye, Q. M. A. (2023). Discovering capital structure determinants for SAARC energy firms. International Journal of Energy Economics and Policy, 13(1), 135–143.

Rehan, R., Hadi, A. R. A., Hussain, H. I., & Hye, Q. M. A. (2023). Capital structure determinants across sectors: Comparison of observed evidences from the use of time series and panel data estimators. Heliyon, 9(9).

Ghani, E. K., Hye, Q. M. A., & Salahuddin, S. (2023). Examining capital structure determinants for ASEAN energy firms. International Journal of Energy Economics and Policy, 13(3), 129–140.*

Visas, H., Rehan, R., Ul-Haq, J., Cheema, A. R., Khanum, S., & Hye, Q. M. A. (2023). Does tourism increase energy consumption in BRICS countries? International Journal of Energy Economics and Policy, 13(4), 338–347.*

Rehan, R., Sa’ad, A. A., Haron, R., & Hye, Q. M. A. (2023). Inspecting sector-specific capital structure determinants: The case of Malaysian Shariah firms. International Journal of Applied Economics, Finance and Accounting, 17(2), 402–414.*

Ul-Haq, J., Mushtaq, S., Visas, H., Hye, Q. M. A., & Rehan, R. (2023). Fiscal decentralization, energy security, economic growth, and tourism nexus: Evidence from big six economies. Journal of Tourism Management Research, 10(2), 154–169.*

Rehan, R., Sa’ad, A. A., Haron, R., & Hye, Q. M. A. (2023). Are Shariah and non-Shariah firms’ capital structure determinants and financial performance related? Evidence from Malaysia. Asian Journal of Economic Modelling, 11(3), 149–164.*

Shahzad, B., Ul-Haq, J., Cheema, A. R., Rehan, R., & Hye, Q. M. A. (2023). Exploring the liaison between industrial CO₂ emissions and economic growth in ASEAN countries: A disaggregated analysis. Journal of Asian Scientific Research, 13(3), 121–135.*

Zandi, G., Rehan, R., Hye, Q. M. A., & Choo, S. L. B. (2023). Exploring capital structure determinants for OECD energy firms. International Journal of Energy Economics and Policy, 13(4), 338–347.*

Zandi, G., Rehan, R., Hye, Q. M. A., Mubeen, S., & Abbas, S. (2022). Do corruption, inflation, and unemployment influence the income inequality of developing Asian countries? Asian Journal of Economics and Empirical Research, 9(2), 83–90.*

Khan, M. A., Rehan, R., Chhapra, I. U., & Bai, A. (2022). Inspecting energy consumption, capital formation, and economic growth nexus in Pakistan. Sustainable Energy Technologies and Assessments, 50, 101845.

Mubeen, S., Hye, Q. M. A., Shahid, M. H., & Rehan, R. (2022). The nexus among family business, household finances, and women empowerment: Evidence from PDHS 2017–18. Nurture, 16(2), 90–102.*

Rehman, S., Khilji, J. A., Kashif, M., & Rehan, R. (2022, July). The impact of major terrorist attacks on stock prices: The case of Karachi Stock Exchange. In 14th Annual Conference of Financial Economics and Accounting.

Rehan, R. (2022). Investigating the capital structure determinants of energy firms. Edelweiss Applied Science and Technology, 6(1), 1–14.*

Warris, M., Chhapra, I. U., Rehan, R., & Khan, M. A. (2022). Does currency depreciation certainly result in positive trade balance? Evidence from Pakistan. Journal of Economic Policy and Research, 17(1), 45–58.*

Khan, M. A., Rehan, R., Chhapra, I. U., & Sohail, A. B. (2021). Capital structure theories: A comprehensive review. Revista Geintec – Gestão Inovação e Tecnologias, 11(3), 1562–1574.*

Rehan, R., Chhapra, I. U., Mithani, S., & Patoli, A. Q. (2021). Capital asset pricing model and Shariah-compliant capital asset pricing model: Evidence from Pakistan Stock Exchange. Journal of Contemporary Issues in Business and Government, 27(1).

Hernawati, E., Hadi, A. R. A., Aspiranti, T., & Rehan, R. (2021). Non-performing financing among Islamic banks in Asia-Pacific region. Cuadernos de Economía, 44(126), 1–9.*

Rehman, S., Chhapra, I. U., Kashif, M., & Rehan, R. (2018). Are stock prices a random walk? An empirical evidence of Asian stock markets. Etikonomi, 17(2), 237–252.*

1) Attended training in the Strategic Leadership Development Programs arranged by Higher Education Commission Sindh for Deans & Pro Vice Chancellors from 10th to 11th April 2025. 1) Attended training conducted by Sindh Higher Education Commission & Jinnah Sindh Medical University on PREE (Program Review for Effectiveness & Enhancement) on 18th March-2025. 2) Attended Training conducted by Sindh Higher Education Commission on “Internal Quality Assurance Framework” on 29th May 2025. 3) Attended training by Sindh Higher Education Commission on “Assurance of Learning” on 23rd May-2025 4) The Professional Development Programs for Future Leaders (Deans) of Universities in Sindh, conducted at the National Institute of Public Administration (NIPA) by the Higher Education Commission (HEC) Sindh from 5th to 7th of October, 2024. 5) The National Business Education Accreditation Council (NBEAC) online training program “How to prepare for peer review visits of business school” on the 8th of August 2024 6) Attended Higher Education Commission (HEC) Pakistan three days Research Building Capacity Workshop/ Training in November 2022 in Pakistan. 7) Interactions of Short-term and long-term interest rates in Malaysian debt market- Application of Error Correction Model and Wavelet Analysis project by University Kuala Lumpur Funded Project