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Muhammad Bilal Zafar

Universiti Teknologi Malaysia, Johor Bahru, Malaysia

Johor Bahru, Malaysia

SCHOLARLY PAPERS

18

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Rank 26,733

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Top 26,733

in Total Papers Downloads

4,751

TOTAL CITATIONS

3

Scholarly Papers (18)

1.

Trump's Tariffs Announcement and Media Sentiment: An Event Case Study of Market Reactions from S&P 500 Firms

Number of pages: 16 Posted: 06 May 2025
Hassnian Ali, Muhammad Bilal Zafar and Ahmet Faruk Aysan
Hamad Bin Khalifa University, Universiti Teknologi Malaysia, Johor Bahru, Malaysia and Hamad Bin Khalifa University - Center for Islamic Economics and Finance
Downloads 964 (61,811)
Citation 1

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Trump tariffs, Event study, Abnormal returns, Media sentiment, Sectoral heterogeneity

2.

Shariah Governance Standard on Generative AI for Islamic Financial Institutions

Number of pages: 34 Posted: 17 Apr 2025 Last Revised: 15 Oct 2025
Muhammad Bilal Zafar and Hassnian Ali
Universiti Teknologi Malaysia, Johor Bahru, Malaysia and Hamad Bin Khalifa University
Downloads 679 (112,021)
Citation 1

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Shariah governance, generative AI, Islamic finance, ethical AI, risk management, artificial intelligence

3.

Tariff Announcements, News Sentiment, and S&P 500 Returns: A High-Frequency, Multi-Model Event Study

Number of pages: 34 Posted: 06 May 2025
Muhammad Bilal Zafar and Hassnian Ali
Universiti Teknologi Malaysia, Johor Bahru, Malaysia and Hamad Bin Khalifa University
Downloads 464 (164,314)
Citation 1

Abstract:

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Political uncertainty, media sentiment, asset pricing, event study, information processing, Granger causality, tariff shocks, sectoral heterogeneity JEL Classifications: G12, G14, D84, E61

4.

Reimagining Human Creativity in the Age of Generative AI: A Multi-Method Meta-Thematic Synthesis

Number of pages: 40 Posted: 07 May 2025 Last Revised: 19 Sep 2025
Muhammad Bilal Zafar, Hassnian Ali and Talha Yasin
Universiti Teknologi Malaysia, Johor Bahru, Malaysia, Hamad Bin Khalifa University and Minhaj University Lahore
Downloads 461 (163,416)

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Generative AI, Human creativity, Structural topic modeling, Co-creation, Prompt literacy, Distributed agency, Cognitive augmentation, Creative labor, AI Ethics, Information systems, Systematic review

5.

Generative AI in Finance: Replicability, Methodological Contingencies, and Future Research Directions 

Number of pages: 34 Posted: 07 Apr 2025 Last Revised: 01 Nov 2025
Hassnian Ali, Muhammad Bilal Zafar and Ahmet Faruk Aysan
Hamad Bin Khalifa University, Universiti Teknologi Malaysia, Johor Bahru, Malaysia and Hamad Bin Khalifa University - Center for Islamic Economics and Finance
Downloads 428 (175,529)

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Generative AI, Finance, Machine Learning, Systematic Literature Review, Structural Topic Modeling, ESG Analytics, Financial Sentiment Analysis

6.

The ESG Code: A Multi-Method Review of Ai in Sustainable Finance

Number of pages: 45 Posted: 04 Apr 2025
Hassnian Ali and Muhammad Bilal Zafar
Hamad Bin Khalifa University and Universiti Teknologi Malaysia, Johor Bahru, Malaysia
Downloads 395 (187,465)

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Artificial Intelligence, machine learning, sustainable finance, ESG Assessment, Structural Topic Modeling, Text Analytics

7.

Generative AI and Tourism Futures

Number of pages: 30 Posted: 06 May 2025 Last Revised: 17 May 2025
Muhammad Bilal Zafar and Hassnian Ali
Universiti Teknologi Malaysia, Johor Bahru, Malaysia and Hamad Bin Khalifa University
Downloads 307 (256,720)

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Generative artificial intelligence, Responsible innovation, Ethical AI, Structural topic modeling, Tourism and hospitality, Systematic review, Sustainability, AI governance

8.

Can AI Think Like a Mufti? Evaluating the Semantic and Jurisprudential Fidelity of Large Language Models in Islamic Finance

Number of pages: 27 Posted: 07 May 2025
Hassnian Ali, Muhammad Bilal Zafar and Ahmet Faruk Aysan
Hamad Bin Khalifa University, Universiti Teknologi Malaysia, Johor Bahru, Malaysia and Hamad Bin Khalifa University - Center for Islamic Economics and Finance
Downloads 252 (316,532)

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Gen AI, AAOIFI, Islamic Finance, Artificial Intelligence, Large Language Models

9.

Market Reactions of S&P 500 Firms to Trump's Tariff Announcements: Event Study and Media Sentiment Analysis

Number of pages: 18 Posted: 01 Jul 2025
Hassnian Ali, Muhammad Bilal Zafar and Hassnian Ali
Hamad Bin Khalifa University, Universiti Teknologi Malaysia, Johor Bahru, Malaysia and Hamad Bin Khalifa University
Downloads 175 (451,954)

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event study, abnormal returns, Media sentiment, Sectoral heterogeneity, Trump tariffs, China retaliation

10.

AI in Banking Disclosures: A BERT Classifier and Corpus-Level Thematic Mapping

Number of pages: 19 Posted: 25 Jun 2025 Last Revised: 07 Nov 2025
Muhammad Bilal Zafar
Universiti Teknologi Malaysia, Johor Bahru, Malaysia
Downloads 131 (554,631)

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Artificial Intelligence Disclosure, Financial Natural Language Processing, Transformer Models, FinAI-BERT, Sentence-Level Classification, Explainable AI, Annual Reports, Financial Text Mining, SHAP Interpretation, Domain-Specific Language Models, Topic Modeling, BERT, BERTopic

11.

Corporate Social Responsibility and Profitability in Islamic Insurance Firms: Insights from Explainable AI

Number of pages: 22 Posted: 09 May 2025 Last Revised: 21 Dec 2025
Muhammad Bilal Zafar, Ahmad Jafar and Hassnian Ali
Universiti Teknologi Malaysia, Johor Bahru, Malaysia, International Center for Research in Islamic Economics - ICRIE and Hamad Bin Khalifa University
Downloads 122 (596,393)

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Corporate social responsibility, CSR, CSR disclosure, Financial performance, Artificial Intelligence, Machine Learning, Stakeholder, Takaful, Islamic insurance

12.

CentralBank-BERT: Machine Learning Evidence on Central Bank Digital Currency Discourse 

Number of pages: 36 Posted: 08 Sep 2025 Last Revised: 13 Mar 2026
Muhammad Bilal Zafar
Universiti Teknologi Malaysia, Johor Bahru, Malaysia
Downloads 108 (654,668)

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Central Bank Digital Currency, Central-Bank Communication, BIS Speeches, NLP, BERT, Stance and Sentiment, Central Bank-BERT, CBDC-BERT, Financial NLP, CBDC

13.

A Domain Specific BERT Model for Identifying AI Disclosures in Islamic Banking

Number of pages: 12 Posted: 11 Jul 2025 Last Revised: 12 Oct 2025
Muhammad Bilal Zafar
Universiti Teknologi Malaysia, Johor Bahru, Malaysia
Downloads 95 (715,072)

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Islamic Banking, Artificial Intelligence Disclosure, Machine Learning, Financial NLP, Transformer Models, BERT, Islamic Finance, Sentence Classification

14.

Inflation, Misperception, and Welfare Losses in Informal Finance: A Continuous-Time Model of Rosca Payouts

Number of pages: 24 Posted: 20 Jun 2025
Muhammad Bilal Zafar
Universiti Teknologi Malaysia, Johor Bahru, Malaysia
Downloads 52 (1,041,696)

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ROSCAs (Rotating Savings and Credit Associations), Inflation, Behavioral economics, Informal Finance, Financial Inclusion, Inflation Expectations

15.

Leveraging Faith-Based Social Transfers for SDG-Driven Health Poverty: A Mixed-Effects Household-Level Study

Number of pages: 23 Posted: 09 Oct 2025
Yasir Aziz and Muhammad Bilal Zafar
City University of Science and Information Technology and Universiti Teknologi Malaysia, Johor Bahru, Malaysia
Downloads 40 (1,183,237)

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Zakat, Multidimensional Health Poverty, Mixed-Effects Model, Social Welfare, Faith-Based Financing, Pakistan

16.

Do Climate Risks Precede Climate Communication? Evidence from Global Central Banks

Number of pages: 33 Posted: 18 Apr 2026 Last Revised: 14 Jun 2026
Muhammad Bilal Zafar
Universiti Teknologi Malaysia, Johor Bahru, Malaysia
Downloads 31 (1,359,097)

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Central Bank Communication, Climate Risk, Physical Vulnerability, Climate Policy, Green Central Banking, BERT

17.

From Inauguration to Tariffs: How Political Shocks Reshape Global Equity Spillovers Across Investment Horizons

Number of pages: 42 Posted: 15 May 2025
Hassnian Ali and Muhammad Bilal Zafar
Hamad Bin Khalifa University and Universiti Teknologi Malaysia, Johor Bahru, Malaysia
Downloads 26 (1,399,036)

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Financial contagion, Volatility spillovers, Political uncertainty, Dynamic connectedness, Global equity markets

18.

Gendered Value Translation and Environmental Prioritization: A Global, Multilevel Analysis of Social Sustainability (1995–2022)

Number of pages: 26 Posted: 23 May 2025
Muhammad Bilal Zafar and Hassnian Ali
Universiti Teknologi Malaysia, Johor Bahru, Malaysia and Hamad Bin Khalifa University
Downloads 21 (1,436,435)

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environmental prioritization, gender, post-materialism, employment, social sustainability, World Values Survey