Law and Management

School of Business

Staff Profile

Dr Ishaq Bhatti Title: Associate Professor Department: Economics and Finance Location: Donald Whitehead Building Room 422 Tel: +61 3 9479 2715 Email: i.bhatti@latrobe.edu.au Fax: +61 3 9479 1654

Ishaq Bhatti, BSC BZU, MSC Alberta, PhD Monash

Ishaq Bhatti is an associate professor and La Trobe University. He is a graduate of BZ University and the University of Alberta with PhD from Monash. Prior to joining La Trobe he held a HEC’s Professorship in Pakistan and Associate Professorships at Sultan Qaboos University and Kuwait University. He has taught at Monash, Griffith, King Saud and Alberta universities, and has visited the International Centre for Education in Islamic Finance, Rider, Magberg, Hitotsubahi, Firdowsi, Tarbiat Madarres, UAE University and the University of Auckland. He is the author of more than sixty five articles, three books and member of the editorial board of various journals. His major areas of research, scholarship and teaching are in Islamic finance and Quantitative finance, econometrics and the measurement of economics of standard. He is the winner of His Majesty Sultan Qaboos (HMSQ) best researcher Award 2004, a HMSQ large Grant, Government of Pakistan Grant in Finance training. He has been co-awarded a consultancy project on ESL Financial modeling from the Victorian Dept. of Education and Australian Research Council Grant 2008-2010.

Brief summary of his publication as per Australian Business Deans Council (ABDC)

• Journal rating is listed below

• ARC Discovery Grant with Suren Basov 2008-10
• Consultancy Victorian Dept of Education ESL funding allocation financial model 2007, with Howard Nicholas and Alan Williams, "Responding to learning needs: incorporating language proficiency in ESL index" - Report

Teaching

Developed New Course – Master in Islamic Banking and Finance to be launched in 2009

New units: Islamic Financial Markets, Islamic Banking, Islamic Finance, Islamic Insurance – Takaful, Islamic commercial law

Unit Development and Postgraduate Units teaching/taught La Trobe University

• Statistics for Business and Finance - Master (ECO5SBF)
• Financial Econometrics - 4th year & Postgraduate (ECO4FEC)
• Topics in Econometrics - 4th year & Postgraduate (ECO4TEC)
• Applied Econometrics - 3rd year undergraduate (ECO3AEC)
• Applied Forecasting – 2nd year (ECO2AFE)
• Introduction to Quantitative Analysis (ECOIQA)

Selected recent publications

1.1 Books

1. Development in Islamic Banking, with M. Khan, MacMillan-Palgrave, August 2008.
2. Econometrics Analysis of Model Testing and Model Selection with H. Al-Shanfari, M. Z. Hossain, Ashgate Publishing, UK: January 2006.

1. 2 Chapters in books/Reports

1. Bhatti, M. I. (2008), Islamic Economics and Finance – Encyclopedia Entry, “International Encyclopedia of the Social Sciences” 2nd edition, edited by Darity, William A. Jr, MacMillan reference, USA, 2008.
2. Gill, A and Bhatti, M. I. (2008), Supply Chain Management to appear in the Hand Book of Business and Information System
3. Bhatti, M. I. (2004), On Cluster Effects in Mining Complex Econometric Data. In Statistical Data Mining and Knowledge Discovery, H. Bozdogan (Ed.), Chapter 23, pp.387-399, Chapman and Hall/CRC, USA.

1. 3 Papers in Refereed Journals

1. Is Quality Management a Prime Requisite for Globalization? Some facts from the sports industry, with Abdi & Awan, Quality and Quantity: International Journal of Methodology, Vol.42/6 pp 821-833, 2008.
2. Development in Islamic Banking: a Financial Risk-allocation Approach, with M. M. Khan, The Journal of Risk Finance, Vol. 9 (1), pp. 40-51, 2008.
3. On Nonested Regression Through Modified Regressor Design, with M. Z. Hossain and Rafi Ashrafi, to appear in the Journal of Applied Statistical Sciences, Vol.16, issue 3, 2008.
4. On the Bayes Estimator of Parameter and Reliability Function of the Zero-Truncated Poisson Distribution, with Anwar Hassan, to appear in the Journal of Korean Society of Industrial and Applied Mathematics,2008.
5. Optimal model for Warehouse and Retailers Location, with A. Gill, J of Applied Stochastic Models in Business and Industry, Vol. 23 (3), pp. 213-221, 2007.
6. The Sukuk and the bonding of Islamic Finance, Monash Business Review, Vol. 3 (1), pp. 17 – 19, 2007.
7. Use of Instrumental Variables in Non-nested EV-Models” jointly with M A Bodla, Journal of Statistical Theory and Application, Vol. 6(3), pp. 254-263, 2007.
8. Why Interest-free Banking and Finance Movement Failed in Pakistan", Humanomics Vol. 22 (3), pp. 145-161, 2006.
9. Learning Financial Volatility with M. A. Choudhury, International Journal of Applied Business and Economic Research, Vol. 5(1), pp.164-174, 2006.
10. Tests and confidence intervals for Change-point in scale of two-parametric exponential distributions, with J Wang, Journal of Applied Statistical Sciences, Vol. 14(1), pp. 45-57, 2005.
11. An Efficient Serial Distributed Arithmetic Algorithm for FPGA Implementation of Digital Up Conversion, with T. Salim, J. Devlin, Whittington, Complexity Journal, Vol. 11 (1), pp. 24-29, 2005.
12. Towards Optimal Testing of a hypothesis Based on Dynamic Technology Transfer Model, with J Jayaraman and H Saber, Applied Mathematics and Computation, Vol. 147 (2/3), pp. 115-129, 2004.
13. Model Selection in the context of Arbitrage Pricing Theory Model, with M Z Hossain, H Al-Shanfari, Journal of Statistical Theory and Application, Vol. 3(1), pp. 33-52, 2004.
14. The Role of Internal Quality Auditing in the Continuous Improvement of Quality: Lessons from Pakistani Experience, with H Awan, the International Journal of Auditing, Vol. 8 (1), pp.21-32, 2004
15. On Prediction of Olympic Record using Extreme value distribution, with M Ahsanullah, J. of Stat.  Theory and Application, Vol. 2(1), pp. 85-95, 2003.
16. Recent Development in Econometrics Analysis of Model Selection, with M Z Hossain, Managerial Finance, Vol. 29(7), pp. 92-113, 2003.
17. An Evaluation of ISO 9000 Registration Practices in the Sports Goods Industry: A Case Study of Sports Goods Industry in Pakistan, with M Awan Managerial Finance, Vol. 29 (7), pp. 113‑140, 2003.

1. 4 Conference Papers and Participation

1. What’s wrong with Positive Relationship between Growth Opportunities and Leverage?: with H M. Awan, and M. Ishaq Bhatti,  Eighth International Business Research Conference, 24-26 March 2008, Dubai, UAE.
2. What Drives the Share Prices in Middle Eastern Stock Market? Jointly with Panos Priftakis 9th Islamic Countries Conference on Statistical Sciences – ICSS-IX, 12-14 December 2007, Malaysia
3. Fourth SMEs in a Global Economy Conference, 2007, Invited speaker on “Critical Success Factor of TQM Implementation and their Impact on Business Performance of Manufacturing Sector” Selong, KL, Malaysia.
4. On Knowledge induced Measure of Financial Volatility, with Professor Masudul Chaudhury, paper presented at the 10th Anniv. of the WEHI conference University of Essex UK June 11-13, 2005, p. 15.
5. Bhatti, M. I. and M. Z. Hossain, On Simulation in Nonnested Regression Models ID name: ESS_2004_042, ESS2004 16th European Simulation Symposium and inclusion in the conference proceedings, 2004.
6. On a specific Dynamic technology transfer model for GCC countries, International Conference on Advances in Statistical Inferential Methods, Theory and Applications (ASIM), Almaty, Kazakhstan, June 9-12, 2003.
7. Stochastic Coefficient models in data mining, an invited talk at the International conference on Stochastic Processes and Probability, Rider University, NJ, USA. May 29-31, 2003.