BBA in Finance, Khulna University
MBA in Finance and Marketing, NSU
Kazi Farzana Shumi, Assistant Professor of Finance in the Department of Business Administration, completed her 4 year undergraduate program in the School of Management and Business Administration from Khulna University and afterwards completed a 66 credit MBA from North South University in 2003 with dual major (Marketing and Finance). During her MBA, she was successfully incorporated into the reputed local group of companies named RANGS where she carefully contributed to prepare different financial statements for the company and afterwards, she worked at the country’s top ranked Multinational Corporation, Grameen Phone Ltd. where she worked as a Financial Analyst. Finally, she set up her career in the teaching Profession from 2006 till now in MIU and effectively contributes to motivate students in academic aspects of solving critical mathematical problems required in Banking, Insurance, Leasing etc. and to run any self-owned Enterprises. In academic research, she effectively contributes in alternative financing (Islamic Finance) through writing books and articles in the field of Islamic Micro Finance, Islamic Banking, Takaful, and Waqf fund. She has participated in national and international conferences on the subject matter of avoiding “RIBA” or interest and focus on sustainable micro economic development. She has a good number of publications of national and international levels. During her prolonged academic career, she engaged in preparing a syllabus of Basic Finance recognizing the requirements of the Corporate world. She guides students to face the battles in competitive national and global job markets, which is linked to her experience of corporate exposure. Again she actively participates in the Business Club to allow students to flourish in various extra-curricular activities along with concept building in Islamic Banking compared to Conventional Finance. After the global financial depression of 2008, she started research on Product Development in the Islamic Arena and participated in various International Training Programs regarding capital structure with Sukuk (a sharia compliant long-term bond-like instruments used in Islamic Finance). Now she is pursuing her M.Phil. Program on the topic of restructuring the debt capital in the formal sector of Bangladesh through issuing Sukuk in order to face the challenges of reaching the goal to be a mid-tier developed country by 2040. Lastly, she wants to complete her dream by setting up an Islamic Cooperative and Waqf Finance in her motherland with majority support and active involvement of the broader student base.