Dr. Md Mahmudul Alam

Dr. Md Mahmudul Alam This is the fan page of Dr. Md Mahmudul Alam. More information about Dr. Alam is available in the additional information page. Dr. Md.

Mahmudul Alam is a Professor of Finance at BRAC Business school and a senior research fellow at the Economic and Financial Policy Institute in Universiti Utara Malaysia. He also holds associate fellowships at University Technology MARA (Malaysia) and Centre for Asian Climate and Environmental Policy Studies (Canada). He is a Registered Financial Planner with the Malaysian Financial Planning Council, and a Certified Expert in Climate Adaptation Finance from Frankfurt School of Finance & Management. He earned his PhD from the National University of Malaysia (UKM) and completed postdoctoral research under the Adaptation Finance Fellowship Programme (AFFP), a joint initiative of the Frankfurt School of Finance & Management and Thailand Development Research Institute. He has more than 300 publications, including seven books and more than 200 journal articles. He serves on the editorial boards of 24 international journals and is a reviewer of more than 50 journals. He has a readership of over two million on various online platforms, ranking him among the top 1% most-read academic scholars globally. He is honored to be included in the Top 2% Scientists Worldwide 2024 by Stanford University, with over 4,000 SCOPUS citations and an h-index of 28. He is also recognized as the top researcher in Bangladesh in the field of ‘Accounting & Finance’ according to the AD Scientific Index 2025, based on Google Scholar metrics, where his h-index is 54 and citations exceed 11,000. He has received several awards from Elsevier, Emerald, Wiley, and Web of Science, and was named one of the Top Bangladesh Development Researchers of the Millennium by the BDRC (USA). He has been an associate fellow at International Islamic University Chittagong (Bangladesh) and a visiting professor at Universitas Gadjah Mada (Indonesia), Universitas Brawijaya (Indonesia), Universitas Muhammadiyah Yogyakarta (Indonesia), University of Merdeka Malang (Indonesia), Universitas Muhammadiyah Sidoarjo (Indonesia), Universitas Sarjanawiyata Tamansiswa (Indonesia), Tishk International University (Iraq), and Prince of Songkla University (Thailand). His research interests include financial markets, financial literacy, Islamic finance, sustainable finance, and sustainable development. Profiles:
ORCID: http://orcid.org/0000-0002-7360-1259
RePEc: https://ideas.repec.org/f/pal276.html
ResID/ Publon: https://publons.com/researcher/1186189/md-mahmudul-alam
Research Gate: https://www.researchgate.net/profile/Md-Mahmudul-Alam-2
SCOPUS: http://www.scopus.com/authid/detail.url?authorId=41961091200
SCRIBE: https://www.scribd.com/user/7425540/Md-Mahmudul-Alam
SSRN: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=1203576
Science open: https://www.scienceopen.com/user/mmalam
Scipro: https://sciprofiles.com/profile/mahmud
Semantic Scholar: https://www.semanticscholar.org/author/1739127064
OSF: https://osf.io/kncz9/
Loop: https://loop.frontiersin.org/people/1512718
BDRC: http://www.bangladeshstudies.org/Think_top_millennium.html
Academia: http://ukm.academia.edu/MdMahmudulAlam/About
Baidu Scholar: http://xueshu.baidu.com/scholarID/CN-BEF50NOK
Bepress: https://works.bepress.com/md-mahmudul-alam/
EconPapers: http://econpapers.repec.org/RAS/pal276.htm
Figshare: https://figshare.com/authors/Md_Mahmudul_Alam/3714250
Google Scholar : http://scholar.google.com/citations?user=E3Fq_h4AAAAJ&hl=en
Impact Story: https://profiles.impactstory.org/u/0000-0002-7360-1259
Kudos: https://www.growkudos.com/profile/md._mahmudul_alam
UUM Repository: http://repo.uum.edu.my/profile/mahmudul
World Cat: https://www.worldcat.org/profiles/rony000/lists/3991531
Youtube: https://www.youtube.com/channel/UCSVGs7PnklTRNncdYJF_eiw
Facebook: https://www.facebook.com/dr.md.mahmudul.alam
Twitter: https://twitter.com/M_Mahmudul_Alam
Linkedin: http://www.linkedin.com/in/mmalam
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Assalamu Alaikum,Laylatul Qadr (the Night of Decree) is better than 1,000 months (equivalent to at least 30,000 days and...
10/03/2026

Assalamu Alaikum,

Laylatul Qadr (the Night of Decree) is better than 1,000 months (equivalent to at least 30,000 days and nights of worship). When Allah says “better,” it means the reward is beyond calculation. Missing or wasting this night would mean losing an immense opportunity for reward.

This short lecture gives a quick and insightful reminder on how to prepare and avoid missing the blessings of this night:
https://youtu.be/3L7Ec659AY8

If anyone would like a more in-depth discussion that helps with the positioning of the heart and mindset for this blessed night, you may watch this longer talk:
https://www.youtube.com/live/zev1MFHyOQU?si=JtZtCynOaTPOfBV1

May Allah decree protection for the Ummah from all fitnah on this blessed night and allow us to reach Laylatul Qadr with its maximum rewards. Ameen.

Ramadan is whirling by. Automate your donations for the last 10 nights and make every night count: https//yqn.io/webathonJoin Dr. Omar Suleiman, Sh. Yaser Bi...

06/03/2025
01/03/2025

Assalamualaikum,
Alhamdulillah.
Ramadan Mubarak!
In this month of forgiveness, I sincerely seek your forgiveness for any wrong I may have done to you, whether knowingly or unknowingly. I also seek Allah’s forgiveness for all of us.
May Allah bless us with the full barakah of this sacred month, grant us Taqwa, forgive our sins, and ease all our affairs, Ameen.

23/10/2024

A Letter from My Grave to Me

Dear Me,

As I lie here, a memory in the sands of time, the truth has become clear. The worries that once consumed you—income, health, wealth, family, security—were fleeting shadows in the grand scheme of Al-Rahman’s (The Most Merciful) creation.

I write to you now, not as a sage from the grave, but as a friend who has walked the path you are still traversing. Let go of unnecessary worry. This life is a fleeting breath, and every moment has already been written by Al-Alim (The All-Knowing). Don’t chase after what is already decreed. Set reasonable limits for your efforts, and then be content with whatever Al-Karim (The Generous) gives you. Remember, His plan for you is always perfect.

You worry about your sustenance, but Al-Razzaq (The Provider) has promised: “And whoever relies upon Allah—then He is sufficient for him. Indeed, Allah will accomplish His purpose.” (Surah At-Talaq, 65:3). He will provide for you, your family, and your future. Trust in His wisdom and timing.

And do not be consumed with fear for your children or loved ones. Al-Wadood (The Loving) has cared for you, and He will care for them. He loves them more than you can imagine. Place them in His care, and trust that Al-Hakim (The Wise) will guide them better than you ever could.

One thing that stands out to me now is the importance of a continuous connection to Al-Malik (The King). Strive to be among the mukarrabun—those closest to Allah. This closeness is the greatest success you can achieve. Remember, true peace comes from nearness to Al-Salam (The Source of Peace), not from the fleeting comforts of this world.

However, from this grave, I feel a profound regret: the time I did not spend remembering Al-Ghafur (The Forgiving) and seeking His forgiveness. I now realize that every moment spent away from Al-Ahad (The One and Only) was a moment lost. I wish I had sought forgiveness more frequently, for Al-Tawwab (The Oft-Returning) is always ready to forgive. Make it a habit to turn to Him for forgiveness and keep your heart connected to Him.

Do not let the pursuit of this world dominate your life. Your wealth, health, status, and even your family will not matter when you are laid to rest beside me. Instead, focus on balancing your worldly pursuits with a strong emphasis on the hereafter. Do not exhaust yourself chasing after what is temporary for you or your children, as this world is not your or their permanent place. What will matter is how much you trusted Al-Muqit (The Sustainer), how often you remembered Al-Hayy (The Ever-Living), and how sincerely you sought His forgiveness.

Always remember that the grave awaits you, and you will come to me in a moment you cannot predict. Use your time wisely by preparing for that inevitable meeting. Strengthen your relationship with Al-Jabbar (The Compeller) now, while you still have time. The Qur’an, your Salah, your good deeds—these are the things that will accompany you when you arrive.

Remember, you are not in control of your future—but Al-Qadir (The All-Powerful) is. He knows your fears, hopes, and anxieties. Trust Him completely, for His plan is always perfect. Whatever comes your way—ease or hardship—embrace it, knowing that it is part of His divine plan for you.

As you live the rest of your days, set limits on how much you chase after worldly gains. Don’t exhaust yourself in pursuits of this world; instead, seek balance that prioritises your spiritual growth and the hereafter. Time is a gift, and only He knows when it will run out.

I wait here, hoping you will arrive with peace, free from the worries of this fleeting world, knowing that Al-Wahhab (The Bestower) was always enough. Live with full trust in Him, and know that He will take care of you and your family—as He always has, and always will.

With love and longing,
Your Future Self

05/09/2024

Balancing Ibadah, Worldly Activities, and Continuous Improvement

Achieving harmony between spiritual devotion (Ibadah) and worldly responsibilities, such as career and daily tasks, is essential for a fulfilling and balanced life in Islam. This balance not only ensures that you meet your obligations to Allah but also fosters personal and professional growth. The key lies in consistency, clear goal-setting, and continuous improvement. With the right mindset and strategies, it is possible to succeed in both your spiritual journey and worldly pursuits. The following guide outlines practical steps to help you maintain this balance, ensuring progress in both your Ibadah and career while staying connected to your ultimate purpose. Additionally, it addresses the emotional challenge of feeling upset when comparing your worldly progress to that of others.

1. Renew and Integrate Your Intentions (Niyyah): Consistently renew your intention and align your daily activities with the goal of seeking Allah’s pleasure. When you work with the intention of earning a halal livelihood to support your family, provide for others, or contribute positively to society, your work itself becomes Ibadah. Viewing your work as an act of worship ensures that your worldly and spiritual goals are in harmony, keeping you focused on pleasing Allah rather than seeking validation from others.

2. Prioritize Obligatory Acts of Worship: Maintaining consistency in Ibadah starts with prioritizing the fundamental obligations, such as the five daily prayers, fasting during Ramadan, and paying Zakat. Scheduling your workday around these essential acts of worship ensures that your spiritual life remains the foundation of your routine, even when pursuing a busy career. This consistency reinforces your connection to Allah and prevents spiritual neglect.

3. Set Clear and Achievable Goals: Consistency thrives on clarity. Set specific, realistic goals for both your Ibadah and your career. For Ibadah, start with manageable goals, such as daily Quran recitation or incorporating Sunnah prayers. Similarly, establish career goals that enable steady progress without overwhelming yourself. By defining these goals clearly, you create a framework for consistency and continuous improvement in both spiritual and worldly activities.

4. Track Your Progress in Both Ibadah and Work: Tracking progress is essential for continuous improvement. Use a journal, app, or personal system to regularly assess your consistency in Ibadah and career development. Keep track of your daily prayers, Quran recitation, and other spiritual activities. Similarly, monitor your career milestones to ensure consistent advancement. Regularly reviewing your progress allows you to identify areas for improvement, ensuring growth in both your spiritual and professional life.

5. Establish a Structured Routine and Time Management: Creating a structured routine is vital for balancing Ibadah and worldly activities. By organizing your day and dedicating specific times for worship, work, and rest, you create a system that helps prevent neglect of any area. Effective time management allows you to fulfill both your spiritual and worldly obligations, creating a balanced and disciplined approach to life. Regular routines also help build consistency and discipline, supporting long-term growth in both domains.

6. Focus on Continuous Improvement: Adopt a mindset of continuous improvement in both your spiritual and professional life. Regularly evaluate your performance, and strive to enhance your Ibadah and productivity. Small, consistent improvements over time lead to substantial long-term gains. In Ibadah, this could involve increasing Quran recitation or enhancing prayer quality. In your career, it could mean learning new skills or seeking feedback. Embracing continuous improvement ensures that you are always moving forward, rather than stagnating.

7. Practice Gratitude and Mindfulness: Practicing gratitude and mindfulness helps you stay grounded and focused on Allah’s blessings. Engage in constant remembrance (Dhikr) of Allah and express gratitude for the opportunities and provisions you have. This gratitude fosters contentment, reducing the inclination to compare your progress with others. Mindfulness helps you focus on your journey and purpose, allowing you to find peace in your own path rather than being distracted by the successes of others.

8. Balance Work with Ethical Standards: Islam encourages excellence (Ihsan) in all endeavors, including your work. Strive to maintain high ethical standards, integrity, and dedication in your professional life. Working with sincerity and honesty transforms your career into a form of worship, aligning your worldly success with your spiritual values. Maintaining ethical practices ensures that your professional growth remains consistent with your Islamic principles, leading to true success in both worlds.

9. Make Time for Spiritual Rejuvenation: Just as you schedule time for work and career development, set aside moments for spiritual rejuvenation. Engaging in activities such as Quran study, Islamic lectures, or community service strengthens your connection to Allah and prevents burnout. Regular spiritual engagement provides the nourishment necessary to maintain consistency in Ibadah, even when your professional life is demanding.

10. Track Consistency and Progress: Consistency does not require perfection. Instead of striving for flawless ex*****on, focus on progress over time. There will be moments when you may fall short in either your Ibadah or career. What matters is your ability to recognize setbacks, course-correct, and continue your efforts. Tracking your progress regularly allows you to celebrate small victories and reinforces the value of steady, continuous improvement in both your spiritual and professional life.

11. Avoid Comparisons and Focus on Your Own Journey: It is natural to feel upset when comparing your worldly progress with others, but remember that everyone’s journey is unique. Islam teaches contentment and trust in Allah’s plan. Rather than comparing yourself to others, focus on your own path and progress. Recognize that each person is tested in different ways, and that true success lies in remaining steadfast in your Ibadah and fulfilling your responsibilities. When you focus on your personal growth, you cultivate a sense of peace and satisfaction, preventing negative comparisons.

12. Embrace Flexibility in Worship: Flexibility in worship is essential for maintaining balance. Islam provides adaptable forms of worship to accommodate different lifestyles. If work commitments sometimes prevent you from attending congregational prayers, perform your prayers at home or at work. Incorporating Dhikr or short supplications during your day can help you stay spiritually connected, regardless of your work schedule. This flexibility ensures that you can maintain consistency in Ibadah without compromising your worldly responsibilities.

13. Reflect on the Bigger Picture - The Purpose of Life: Regularly reflecting on your life’s purpose helps maintain perspective. Balancing worldly success with spiritual fulfillment requires an awareness that your efforts in this world are a means to achieve success in the Hereafter. Understanding the bigger picture prevents your career from becoming a distraction from your spiritual responsibilities. This reflection reinforces the importance of prioritizing both your worldly and spiritual goals, ensuring that neither is neglected.

14. Maintain Health and Well-Being: Physical and mental health are crucial for maintaining consistency in both Ibadah and career. Prioritize self-care by ensuring adequate sleep, proper nutrition, and stress management. When you are physically and mentally well, you are better equipped to fulfill both your spiritual and worldly obligations. By caring for your health, you ensure that you can consistently perform your duties to Allah and others effectively.

15. Surround Yourself with Supportive Company: The environment you are in significantly impacts your ability to maintain balance and consistency. Surround yourself (including your social media) with individuals who inspire you both spiritually and professionally. Attend gatherings that remind you of Allah, and engage with colleagues who encourage personal growth and integrity. The right company can motivate you to stay committed to both your spiritual and worldly goals, helping you maintain the balance you seek.

In conclusion, balancing Ibadah with worldly activities, while maintaining consistency and continuous improvement, requires a deliberate and structured approach. By setting clear goals, tracking progress, and focusing on both spiritual and professional growth, you can achieve harmony between your spiritual journey and worldly pursuits. Prioritizing intention, discipline, and reflection ensures that your efforts are aligned with your ultimate purpose of pleasing Allah and succeeding in both this world and the Hereafter. When feelings of comparison arise, focus on your personal journey and trust in Allah’s plan, knowing that true success is measured by your sincerity, effort, and steadfastness. May Allah SWT allow us the success here and hereafter and make our affairs ease, Ameen.

13/04/2024

Assalamualikum,
Alhamdulillah, during Ramadan, we have performed as much as Allah allowed us. We should be certain that Allah accepted our Duas, forgave our sins, and we have attained a certain level of Taqwah. Now, after Ramadan, we cannot revert to our pre-Ramadan lives; instead, we need to plan for a new life to elevate our status. Here are some quick post-Ramadan Ibadah (worship) guidelines:

1. Mandatory- Fard: Perform the 5 daily Fard Salah on time; give Zakat if not already given; plan for Hajj if not yet performed.
2. Mandatory- Avoid major sin: Take all precautions to strictly avoid major sins; also do Tawba instantly if anything wrong happens
3.1. Optional- Solah: 12 Rakat Sunnah linked with Fard Solah (2 before Fajr, 4 before Dhuhr & 2 after Dhuhr, 2 after Maghrib, 2 after Isha); Duha/ Chast/ Israk Solah 2-8 Rakat from sunrise to Dhuhr time; 1-13 Rakat Tahajjud Solah including Witr; when relevant, pray Tahiyyat al-masjid, Tahiyatul Wudu, Salat al-Istikhaara, Salat al-Tawbah, etc.
3.2. Optional- Fasting: 6 days in the month of Shawwal; first 10 days of Dhul-Hajjah month or at least on the Arafa day; 2 days for Ashura (9-10 or 10-11 Muharram); every Monday & Thursday; mid-3 days (13-15) in each Arabic month.
3.3. Optional- Zikir: morning & afternoon Azkar; Azkar after every Fard Solah; Recite Surah Kahf on every Friday and a portion of Quran every day; continuously make Due/ Zikir/ Istighfar/ Salawat to prophet (s).
3.4. Optional- Seeking knowledge: Read/ listen/ attend Islamic lectures on daily/ weekly basis to learn Deen from the authentic sources; join a regular Halaqa or virtual Islamic group to get continuous reminders; make companionship with religious people.
3.5. Optional- Charity: Give Sodakah regularly though it is only 1 cent.
3.6. Optional- Develop Akhlaq: Try to improve characters/ personality in every aspect by following the prophetic Sunnah; try best to help others; avoid minor sins as much as possible.

May Allah enable us to continuously improve our Taqwa and grant us a place in the highest level of paradise (Jannatul Firdous) in the company of the Prophet (peace be upon him), Ameen.

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BRAC Business School, BRAC University
Dhaka
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+6049286917

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