Dr. Fauzia Mubarik

Associate Professor

Degree title Specialization University/Institution Country Completion year
PhD (MS) Finance SZABIST, Islamabad Pakistan 2017
  MS / MPhil Finance SZABIST, Islamabad Pakistan 2009
  MBA Finance Bahria University, Islamabad Pakistan 2003
BBA (Hons)  Marketing and Information Technology Bahria University, Islamabad Pakistan 2002
Designation Department/Organization City/Country From-To (month/year)
Associate Professor Department of Accounting & Finance, NUML Islamabad, Pakistan Feb-2022 till date
HOD Department of Accounting & Finance, NUML Islamabad, Pakistan Aug 2022 Aug 2025
Assistant Professor Faculty of Management Sciences, NUML Islamabad, Pakistan Dec-2015 Jan-2022
Finance Cluster in Charge Faculty of Management Sciences. NUML Islamabad, Pakistan Sept 2017 July 2022
Lecturer Faculty of Management Sciences, NUML Islamabad, Pakistan Aug 2005 Dec-2015

Peer Reviewed International Journals
1) Khan, A. B., ul Islam, M. S., Mubarik, F., Fareed, M., Azizan, N. A., Al Qatiti, K., & Faizuddin, A. (2025). Oil price volatility across timeframes and its impact on ASEAN stock indices: changes observed since the COVID-19 pandemic. International Journal of Energy Economics and Policy, 15(6), 355.
2) Nisar, F., Saeed, A., and Mubarik, F. (2021). Peaceful coexistence and its role in a moral society. Webology, 18(3).
3) Mubarik, F., Saeed, S., and Shahab, H. (2021). Analysis and forecastability of market model: evidence from Pakistani market index and emerging market index. Humanities & Social Sciences Reviews, 9(3).
4) Uddin, S., Gul, F., and Mubarik, F. (2021). Overconfidence bias across countries: evidence from South Asian stock markets. International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies, 12(7).
5) Mubarik, F., & Javid, A. Y. (2010). Analysis of asymmetry in the price-volume relation: Evidence from Pakistani stock market, Indian Journal of Finance, 4. 6) Mubarik, F., & Javid, A. Y. (2009). Relationship between stock return, trading volume and volatility: evidence from Pakistani stock market, Asia Pacific Journal of Finance and Banking Research, 3 (3).

Peer Reviewed National Journals
1) Chohan, A. R., Gul, F., & Mubarik, F. (2024). Probability of stock price crashes: a closer look towards Pakistan stock market. International Journal of Business and Economic Affairs, 9(1), 14-27.
2) Chohan, A. R., Gul, F., & Mubarik, F. (2023). Determinants of stock price crash probability: evidence from size sorted deciles. International Journal of Social Science Archives (IJSSA), 6(2).
3) Uddin, S., Gul, F., and Mubarik, F. (2021). Anchoring and stock market reactions: evidence from Pakistani stock exchange. Journal of Business & Economics, 13(1)
4) Saadullah, S., Khan, H. G. A., Mubarik, F., and Shah, S., M. (2020). The role of project manager network in the success of project management. Pakistan Business Review, 22(2)
5) Mubarik, F., and Shabbir, J. (2019). CPEC and energy rejuvenation: A road to improvement. NICE Research Journal, 12(2)
6) Iqbal, M., and Mubarik, F. (2019). Analysis of the determinants of the initial public offering valuation: evidence from Pakistan's stock exchange. NUML International Journal of Business & Management, 14(2)
7) Riaz, F., Javid, A.Y., and Mubarik, F. (2019). Macroeconomic determinants of current account in South-Asian countries. Paradigms, 13(1).
8) Nadeem, M., Raza, H., and Mubarik, F. (2018), Determinants of profitability of banking industry in Pakistan, NICE Research Journal, 11(2)
9) Mubarik, F., and Javid, A. Y. (2018). The impact of macroeconomic volatility on stock return volatility: evidence from Pakistani stock market. Pakistan Business Review, 20 (1).
10) Mubarik, F., & Javid, A. Y. (2017). Analysis of volatility spillover of portfolio returns: evidence from Pakistani stock market, International Journal of Management Research and Emerging Sciences, 7 (1).
11) Mubarik, F., & Javid, A. Y. (2017). Analyzing and modeling macroeconomic factors as risk factors: evidence from Pakistani stock market. Journal of Independent Studies and Research, 15 (2).
12) Mubarik, F., & Javid, A. Y. (2017). Analysis of forecastability of portfolio returns volatility: evidence from Pakistani stock market. Journal of Commerce, Economics, and Social Sciences, 11.
13) Saeed, S., & Mubarik, F. (2017). Country risk analysis of Pakistan: evidence from Karachi stock exchange, NICE Research Journal, 10
14) Mubarik, F., & Javid, A. Y. (2017). The impact of stochastic shocks on portfolio returns volatility: evidence from Pakistani stock market, Journal of Social and Organizational Analysis, 3(1).
15) Mubarik, F., & Javid, A. Y. (2017). Analysis of volatility of portfolio returns: specific to general approach, Journal of Social and Organizational Analysis, 2 (2)
16) Mubarik, F., & Javid, A. Y. (2016). Modeling and evaluating forecasting of market index volatility: evidence from Pakistani stock market. NUML International Journal of Business & Management, 11(2).
17) Mubarik, F., & Javid, A. Y. (2011). Conditional capital asset pricing model with stochastic beta: evidence from Pakistani stock market. NUML Journal of Management and Technology, 6 (1)
18) Mubarik, F., & Javid, A. Y. (2008). The impact of dividend announcement on share price of oil and gas marketing sector of Pakistan, NUML Journal of Management and Technology, 2 (2)

Book Chapters - Scopus Indexed
1) Mubarik, F., (2022). Goodbye to LIBOR: An Alternative Islamic Interbank Benchmarking Mechanism, Routledge, in: Mohd Ma'Sum Billah (ed.), Benchmarking Islamic Finance: A Framework for Evaluating Financial Products and Services, Chapter 3, pages 30-43, Taylor & Francis Group.
2) Mubarik, F., (2022). What are the Best Methodologies Recommended for Research in Islamic Finance? Palgrave Mac Millan & Springer, in: Mohd Ma'Sum Billah (ed.), Methodologies and Smart Techniques in Teaching, Learning and Research in Islamic Eco-finance, Chapter 19, pages 303-312, Springer.
3) Mubarik, F., (2021). Global Zakat Cooperation Chain to SDGs: How Shall Mechanisms and Master Plan Be?, Springer Books, in: Mohd Ma'Sum Billah (ed.), Islamic Wealth and the SDGs, Chapter 22, pages 439-450, Springer.

  • Stock Market Volatility & Forecasting
  • Capital Markets & Portfolio Analysis
  • Asset Pricing & Risk Modeling
  • Behavioral Finance 
  • IPO Valuation & Banking
  • Macroeconomic Determinants of Financial Markets
  • Oil Price Dynamics & Energy Economics
  • Islamic Finance 
  • Zakat & SDGs
  • Emerging & South Asian Stock Markets

Education

Degree title Specialization University/Institution Country Completion year
PhD (MS) Finance SZABIST, Islamabad Pakistan 2017
  MS / MPhil Finance SZABIST, Islamabad Pakistan 2009
  MBA Finance Bahria University, Islamabad Pakistan 2003
BBA (Hons)  Marketing and Information Technology Bahria University, Islamabad Pakistan 2002

Experience

Designation Department/Organization City/Country From-To (month/year)
Associate Professor Department of Accounting & Finance, NUML Islamabad, Pakistan Feb-2022 till date
HOD Department of Accounting & Finance, NUML Islamabad, Pakistan Aug 2022 Aug 2025
Assistant Professor Faculty of Management Sciences, NUML Islamabad, Pakistan Dec-2015 Jan-2022
Finance Cluster in Charge Faculty of Management Sciences. NUML Islamabad, Pakistan Sept 2017 July 2022
Lecturer Faculty of Management Sciences, NUML Islamabad, Pakistan Aug 2005 Dec-2015

Publications

Peer Reviewed International Journals
1) Khan, A. B., ul Islam, M. S., Mubarik, F., Fareed, M., Azizan, N. A., Al Qatiti, K., & Faizuddin, A. (2025). Oil price volatility across timeframes and its impact on ASEAN stock indices: changes observed since the COVID-19 pandemic. International Journal of Energy Economics and Policy, 15(6), 355.
2) Nisar, F., Saeed, A., and Mubarik, F. (2021). Peaceful coexistence and its role in a moral society. Webology, 18(3).
3) Mubarik, F., Saeed, S., and Shahab, H. (2021). Analysis and forecastability of market model: evidence from Pakistani market index and emerging market index. Humanities & Social Sciences Reviews, 9(3).
4) Uddin, S., Gul, F., and Mubarik, F. (2021). Overconfidence bias across countries: evidence from South Asian stock markets. International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies, 12(7).
5) Mubarik, F., & Javid, A. Y. (2010). Analysis of asymmetry in the price-volume relation: Evidence from Pakistani stock market, Indian Journal of Finance, 4. 6) Mubarik, F., & Javid, A. Y. (2009). Relationship between stock return, trading volume and volatility: evidence from Pakistani stock market, Asia Pacific Journal of Finance and Banking Research, 3 (3).

Peer Reviewed National Journals
1) Chohan, A. R., Gul, F., & Mubarik, F. (2024). Probability of stock price crashes: a closer look towards Pakistan stock market. International Journal of Business and Economic Affairs, 9(1), 14-27.
2) Chohan, A. R., Gul, F., & Mubarik, F. (2023). Determinants of stock price crash probability: evidence from size sorted deciles. International Journal of Social Science Archives (IJSSA), 6(2).
3) Uddin, S., Gul, F., and Mubarik, F. (2021). Anchoring and stock market reactions: evidence from Pakistani stock exchange. Journal of Business & Economics, 13(1)
4) Saadullah, S., Khan, H. G. A., Mubarik, F., and Shah, S., M. (2020). The role of project manager network in the success of project management. Pakistan Business Review, 22(2)
5) Mubarik, F., and Shabbir, J. (2019). CPEC and energy rejuvenation: A road to improvement. NICE Research Journal, 12(2)
6) Iqbal, M., and Mubarik, F. (2019). Analysis of the determinants of the initial public offering valuation: evidence from Pakistan's stock exchange. NUML International Journal of Business & Management, 14(2)
7) Riaz, F., Javid, A.Y., and Mubarik, F. (2019). Macroeconomic determinants of current account in South-Asian countries. Paradigms, 13(1).
8) Nadeem, M., Raza, H., and Mubarik, F. (2018), Determinants of profitability of banking industry in Pakistan, NICE Research Journal, 11(2)
9) Mubarik, F., and Javid, A. Y. (2018). The impact of macroeconomic volatility on stock return volatility: evidence from Pakistani stock market. Pakistan Business Review, 20 (1).
10) Mubarik, F., & Javid, A. Y. (2017). Analysis of volatility spillover of portfolio returns: evidence from Pakistani stock market, International Journal of Management Research and Emerging Sciences, 7 (1).
11) Mubarik, F., & Javid, A. Y. (2017). Analyzing and modeling macroeconomic factors as risk factors: evidence from Pakistani stock market. Journal of Independent Studies and Research, 15 (2).
12) Mubarik, F., & Javid, A. Y. (2017). Analysis of forecastability of portfolio returns volatility: evidence from Pakistani stock market. Journal of Commerce, Economics, and Social Sciences, 11.
13) Saeed, S., & Mubarik, F. (2017). Country risk analysis of Pakistan: evidence from Karachi stock exchange, NICE Research Journal, 10
14) Mubarik, F., & Javid, A. Y. (2017). The impact of stochastic shocks on portfolio returns volatility: evidence from Pakistani stock market, Journal of Social and Organizational Analysis, 3(1).
15) Mubarik, F., & Javid, A. Y. (2017). Analysis of volatility of portfolio returns: specific to general approach, Journal of Social and Organizational Analysis, 2 (2)
16) Mubarik, F., & Javid, A. Y. (2016). Modeling and evaluating forecasting of market index volatility: evidence from Pakistani stock market. NUML International Journal of Business & Management, 11(2).
17) Mubarik, F., & Javid, A. Y. (2011). Conditional capital asset pricing model with stochastic beta: evidence from Pakistani stock market. NUML Journal of Management and Technology, 6 (1)
18) Mubarik, F., & Javid, A. Y. (2008). The impact of dividend announcement on share price of oil and gas marketing sector of Pakistan, NUML Journal of Management and Technology, 2 (2)

Book Chapters - Scopus Indexed
1) Mubarik, F., (2022). Goodbye to LIBOR: An Alternative Islamic Interbank Benchmarking Mechanism, Routledge, in: Mohd Ma'Sum Billah (ed.), Benchmarking Islamic Finance: A Framework for Evaluating Financial Products and Services, Chapter 3, pages 30-43, Taylor & Francis Group.
2) Mubarik, F., (2022). What are the Best Methodologies Recommended for Research in Islamic Finance? Palgrave Mac Millan & Springer, in: Mohd Ma'Sum Billah (ed.), Methodologies and Smart Techniques in Teaching, Learning and Research in Islamic Eco-finance, Chapter 19, pages 303-312, Springer.
3) Mubarik, F., (2021). Global Zakat Cooperation Chain to SDGs: How Shall Mechanisms and Master Plan Be?, Springer Books, in: Mohd Ma'Sum Billah (ed.), Islamic Wealth and the SDGs, Chapter 22, pages 439-450, Springer.

Interests

  • Stock Market Volatility & Forecasting
  • Capital Markets & Portfolio Analysis
  • Asset Pricing & Risk Modeling
  • Behavioral Finance 
  • IPO Valuation & Banking
  • Macroeconomic Determinants of Financial Markets
  • Oil Price Dynamics & Energy Economics
  • Islamic Finance 
  • Zakat & SDGs
  • Emerging & South Asian Stock Markets