Staff profile

Dr Ishaq Bhatti

Associate Professor

Faculty of Business, Economics and Law

La Trobe Business School
Department of Finance

DWH 422, Melbourne (Bundoora)

 

Qualifications

PhD (Monash), MSc (Alberta)

Membership of professional associations

Economtrics, ISI elect, MIS

Area of study

Finance

Brief profile

M. Ishaq Bhatti is Associate Professor and the founding dirctor of Islamic Banking and Finance Programme at Latrobe University (LTU); the first ever in Australasian region. Previously, he has taught at  Monash, Griffith, International Islamic University, University of Alberta and visited Rider, Magberg, Hitotsubahi, Auckland and Middle Eastern Universities. He is an author of more than 75 articles, 3 books and a member of the editorial board of various journals. His major areas of research, scholarship and teaching are in Quantitative finance, Islamic finance, Applied Econometrics and Statistics. He is a winner of the national ALTC award 2010, LTU award 2010 and postgraduate teaching award 2009. He was a member of the team who won AusTrade project, Victorian Dept of Education ESL financial modelling project 2007 and Australian Research Council Discovery Grant jointly with Suren Basov.

Research interests

Business ethics/ Corporate Social Responsibility

- Islamic Finance, Quantitative Finance, Copula and extreme value distribution

Financial econometrics and time series analysis

- Please contact me to discuss a topic.

Islamic finance

- Please contact me to discuss a topic.

Quantitative finance

- Please contact me to discuss a topic.

Teaching units

Currently Teaching: FIN5BNK;Islamic Banking, FIN5CAP;Islamic Capital Market (Coordinator), ECO5SBF: Statistics for Business and Finance , Director, Master in Islamic Banking & Finance programme. Previously Designed/taught Units at LTU: ECO5QMB, ECO41FEC, ECO4TEC, ECO3AEC, ECO22AFE, ECO12IQA Units taught/designed elsewhere: Financial management, Risk Management, Quality Control, Applied Statistics, Financial Forecasting, Econometrics ,Sampling Theory, Linear Models, Regression Analysis, Experimental Design, and Analysis of Variance.  

Consulting

Islamic Finance, AusTrade, Victorian Govt

Recent publications

Books

  1. Cluster Effects in Mining Complex Survey, Nova Science, publisher, NY, USA, 2012
  2. Development in Interest Free Banking, with M. Khan, MacMillan-Pagrave, USA, 2008.
  3. Econometrics Analysis of Model Testing and Model Selection, with H. Al-Shanfari & M. Z. Hossain, Ashgate, UK, 2006.  

Selected Papers in Refereed Journals     

  1. Diversification Evidence from International Equity Markets using Extreme Values and Stochastic Copulas with C. Nguyen, forthcoming in the Journal of International Financial Markets, Institutions & Money, 2012. A ranked, ERA & ABDC.
  2. Optimal contracting model in a social environment and trigger psychological costs, submitted in B.E. Journal of Theoretical Economics with Suren Basov, A* ranked, ERA & ABDC
  3. Confidence Ellipsoids based on a General Family of Shrinkage Estimators for a Linear Model with Non-spherical Disturbances, with Chaturvedi and Gupta, forthcoming, Journal of Multivariate Analysis, Vol. 104, pp. 140-158, 2012. A ranked.
  4. Copula Modelling Dependency Between oil prices and stock markets: Evidence from China and Vietnam, with C. Nguyen, forthcoming in the Journal of International Financial Markets, Institutions & Money, 2012 or 2013. A ranked.
  5. Towards Optimal Testing of a hypothesis Based on Dynamic Technology Transfer Model, with J Jayaraman and H Saber, Applied Mathematics and Computation, 47 (2/3), 115-129, 2004. A ranked.
  6. On Estimated Projection Pursuit Type Cramer-von-mises Statistics, with L.X. Zhu, and K.T. Fang, Journal of Multivariate Analysis, Vol. 63(1), pp.1-15, 1997. A 
  7. Toward Understanding Islamic Corporate Governance Issues in Islamic Finance, with Maria Bhatti, Asian Politics & Policy, Wiley, 2 (1), pp. 25-38, 2010.
  8. On the Dependence functions of Copulas of Gumbel’s Bivariate Extreme Value and Exponential Distributions, Journal of Statistical Theory and Application, Vol. 9 (4), pp. 625- 629, 2010.
  9. What Drives Share Prices in the Middle East. Oil? With P. Priftakis, Int.  J. Banking and Finance, 5 (2), 113-124, 2008.
  10. Development in Islamic Banking: Financial risk allocation approach, with M. Khan, J. of Risk Finance, 9 (1), 40-51, 2008.
  11. Emarald Best paper Award - 2009 -  "Islamic Banking and Finance: On its way to globalization", with M. Khan, Managerial Finance, 34 (10), 708-725, 2008.
  12. Is Quality Management a Prime Requisite for Globalization? Some facts from the sports industry, with Abdi & Awan, Quality and Quantity: International Journal of Methodology, 42/6, 821-833, 2008. B
  13. Optimal model for Warehouse and Retailers Location, with A. Gill, J of Applied Stochastic Models in Business and Industry, 23 (3), 213-221, 2007. B
  14. The Sukuk and the bonding of Islamic Finance, Monash Business Review, Vol. 3 (1), pp. 17 – 19, 2007.
  15. Tests and confidence intervals for Change-point in scale of two-parametric exponential distributions, with J Wang, J. of Applied Statistical Sciences, Vol. 14(1), pp. 45-57, 2005.
  16. An Efficient Serial Distributed Arithmetic Algorithm for FPGA Implementation of Digital Up Conversion, with T. Salim, J. Devlin, Whittington, Complexity, Vol. 11 (1), 24-29, 2005.
  17. 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.  
  18. Environmetrics Analysis of Complex Surveys: A model Based approach, Complexity, Vol. 6(5), 41-55, 2001.

Chapters in books/Reports

1.     Basov, S. M. I. Bhatti & S. Danikina (2010), "Recent Developments on Mechanism Design under Bounded Rationality" Nova Science, Economic Research Volume 20, 2010. 2.     Gill, A., and Bhatti, M. I. (2010), “Supply Chain Management” chapter 28, Handbook on Business Information System edited by A. Gunasekaran and M. Sandhu, Worlds Scientific Publication, Singapore, ISBN-13-978-981-283-605-2, Chapter 28,,  pages 675 – 698. 3.     Bhatti, Maria. I. and Bhatti, M. I. (2010), ‘Legality of Corporate Governance in Islamic Finance’, Volumes on Islamic Banking and Finance, appeared as Chapter 61, part 10, edited by Amer al – Roubaie and Shafiq Alvi, Rutledge, UK. 4.     Bhatti, M. I. (2008), Islamic Economics, Encyclopaedia Entry, “International Encyclopaedia of the Social Sciences” 2nd edition, pp. 510-511, edited by Darity, William A. Jr, MacMillan reference, USA, 2008. 5.     Williams, Nicolas, Bhatti (2007), “Responding to Learning Needs: Incorporating Language Proficiency in ESL Report for School Resource Allocation Branch, Victorian Department of Education and Training, Faculty of Education, La Trobe University, Bundoora, Australia,  2007.  Editorial Responsibilities - Associate editor/Member editorial Board - Biometrical, Dialogue Asia Pacific, Humanomics, Islamic & Middle Eastern Finance, J. Statistical Theory and Application (JSTA), J. Applied Statistical Sciences, Far East J. Theoretical Statistics, Pakistan Journal of Statistics (PJS), Science International - Guest Editor- Special Issue PJS 94, Biometrical 2000, JSTA 2003, Managerial Finance Journal, 2008

Older publications

  1. Some Tests for the equicorrelated models: An Example of Loss in Power, Statistical Papers, (41),345-352, 2000.
  2. On Testing for a change-point in variance of normal distribution, J Wang, Biometrical Journal, 42 (8), 1021-1032, 2000.
  3. On Optimal Testing for Equicorrelated Linear Regression Models, Statistical Papers, Vol. 36(4), pp. 299-312, 1995.
  4. Testing for Sphericity of a High Dimensional Distribution Based on Bootstrap Approximation with K Fang, L. Zhu and P Bentler, Pakistan Journal of Statistics, Vol. 11(1), pp. 49-65, 1995.
  5. Efficient Estimation of Random Coefficient Model Based on Survey Data, J. Quantitative Economics, 9(1), 99-110, 1993.
  6. Testing for Block Effects and Misspecification in Regression Models Based on Survey Data, with Wu, in Journal of Statistical Computations and Simulation, 50(1-2), 75-90, 1994.  
  7. Optimal Testing for Serial Correlation in a Large Number of Small Samples, Biometrical Journal, 34(1), 57-66, 1992.
  8. Null Distribution of the Small Sample Mean Correlation Coefficient, An Application to Medical Research, Biometrical Journal, Vol. 32, (4), pp. 435-440, 1990.
  9. A Beta-Optimal Test of the Equicorrelation Coefficient, The Australian Journal of Statistics, with M King, Vol. 32(1), pp. 87-97, 1990.  

Research projects

ARC Discovery on Mechanism Design and bounded rationality

Islamic Finance

Islamic Finance and Professional Development training