Overview
Dr. Zahid Muhammad is a Financial Economist and Econometrician with an extensive international academic career spanning the United Kingdom and the Middle East. He holds an MSc in Management (Managerial Economics) from the London School of Economics and Political Science (LSE), UK, and a PhD in Economics (Financial Economics) from the University of Birmingham, UK. He is also a Senior Fellow of Advance HE (SFHEA), recognising his sustained contribution and leadership in higher education teaching and learning. His academic training combines a strong foundation in economic theory, financial economics, mathematics, statistics, and advanced econometric modelling, which underpin his teaching, research, and consultancy activities.
Dr. Muhammad is currently a Senior Lecturer in Economics and Finance at Bangor University, United Kingdom. Prior to joining Bangor University, he held a range of academic positions, including Lecturer in Economics, Statistics and Econometrics at the University of Sheffield, Lecturer in Econometrics and Finance at the University of Abertay Dundee, Teaching Assistant at the University of Birmingham, and Assistant Professor of Economics and Finance at leading universities in Saudi Arabia. Throughout his career, he has made significant contributions to teaching, research, postgraduate supervision, curriculum development, academic leadership, accreditation, and quality assurance within higher education institutions.
Dr. Muhammad has an extensive teaching portfolio encompassing both undergraduate and postgraduate programmes. He has successfully delivered courses in Microeconomics, Macroeconomics, Managerial Economics, Statistics, Econometrics, Financial Econometrics, Corporate Finance, Financial Management, Financial Markets and Institutions, Investment and Portfolio Management, and Advanced Portfolio Theory and Practice. He is recognised for his student-centred teaching approach, adapting his pedagogical methods to meet the diverse learning needs of students from different academic and cultural backgrounds. In addition, he has served as Module Leader and Coordinator for numerous courses, playing a key role in curriculum design, module development, assessment strategy, and quality enhancement initiatives. His commitment to academic excellence is further reflected in his supervision and mentoring of undergraduate dissertations, master's theses, MBA projects, and doctoral research.
Dr. Muhammad's research interests lie primarily in Financial Economics, Financial Econometrics, Monetary Economics, Banking, and Applied Econometrics. His research has focused on areas such as monetary transmission mechanisms, portfolio behaviour of commercial banks, financial market volatility, risk analysis, banking sector performance, and quantitative financial analysis. He has published in internationally recognised peer-reviewed journals indexed in Scopus and other leading academic databases and has presented his research at international conferences and academic seminars. In recognition of the quality of his research, he received the Best Paper Award at the Global Academy of Business and Economics Research International Conference. He has also successfully secured competitive research funding, including a grant from the Ministry of Higher Education in Saudi Arabia for a project examining the portfolio behaviour of Saudi commercial banks. Through his ongoing research, teaching, and academic leadership, Dr. Muhammad continues to contribute to the advancement of knowledge in Financial Economics and Applied Econometrics while engaging with both academic and professional communities.
Additional Contact Information
z.muhammad@bangor.ac.uk
Qualifications
- Professional: Senior Fellowship (SFHEA)
Advance HE, 2025 - Professional: Postgraduate Certificate in Higher Education (PGCertHE)
Abertay University, 2013 - PhD. Economics (Financial Economics)
University of Birmingham, 2010 - MSc. Management (Managerial Economics)
London School of Economics, 2004 - MPA . Master in Public Administration
University of the Punjab, 1994 - BSc. Physics, Mathematics and Statistics
Karachi University, 1991
Teaching and Supervision
Undergraduate Teaching:
- Advanced Investment Theory and Practices
- Econometrics
- Financial Markets and Institutions
- Money and Macro
- Advanced Corporate Finance
- Investment and Investment Banking
Publications
2025
- PublishedModeling Volatility of the Bahraini Stock Index: An Empirical Analysis
Al-Ahmad, Z., Muhammad, Z. & Khan, N., 8 Dec 2025, In: Journal of Risk and Financial Management. 18, 12
Research output: Contribution to journal › Article › peer-review
2020
- PublishedThe Portfolio Behaviour of Saudi Commercial Bank
Muhammad, Z., Bajwa, I. A., Rafi, W. & Sayed, A. M., 2020, In: Journal of Entrepreneurship Education. 23, S2
Research output: Contribution to journal › Article › peer-review
2016
- E-pub ahead of printPrice Discovery and Risk Transfer in the Brent Crude Oil Futures Market
Abba, S., Kouhy, R. & Muhammad, Z., 17 Jun 2016, (E-pub ahead of print) In: International Journal of Financial Markets and Derivatives. 5, 1, p. 23-35
Research output: Contribution to journal › Article › peer-review
2015
- E-pub ahead of printExpected Utility and Portfolio Selection: An econometric study for Pakistan’s banking sector
Muhammad, Z., 5 Mar 2015, (E-pub ahead of print) In: American Journal of Finance and Accounting. 4, 1, p. 1-18
Research output: Contribution to journal › Article › peer-review
2014
- PublishedModelling Long Memory in Volatility of Oil Futures Returns
Abba, S., Muhammad, Z. & Kouhy, R., 1 Oct 2014, In: The Macrotheme Review. 3, 8
Research output: Contribution to journal › Article › peer-review - PublishedTrading Volume and Return Relationship in the Crude Oil Futures Markets
Abdullahi, S. A., Kouhy, R. & Muhammad, Z., 30 Sept 2014, In: Studies in Economics and Finance . 31, 4
Research output: Contribution to journal › Article › peer-review
2012
- PublishedExploring oil price – exchange rate nexus for Nigeria
Suleiman, H., Muhammad, Z. & Kouhy, R., 3 Dec 2012, In: OPEC Energy Review. 36, 4, p. 383-395
Research output: Contribution to journal › Article › peer-review
2011
- PublishedThe real exchange rate of an oil exporting economy: Empirical evidence from Nigeria.
Suleiman, H. & Muhammad, Z., 1 Sept 2011, In: FIW Working Paper. 72.
Research output: Contribution to journal › Article
2010
- PublishedMonetary Transmission Mechanisms and Identified Long-Run Relationships between the Banking Sector's Balance Sheet and the Macroeconomy in Pakistan.
Ford, J. L. & Muhammad, Z., 1 Jul 2010, RePEc- Department of Economics Discussion Paper, University of Birmingham, p. 10-21.
Research output: Contribution to specialist publication › Article - PublishedSafety First and Portfolio Selection: An econometric study for Pakistan’s banking sector.
Ford, J. L. & Muhammad, Z., 1 Jun 2010, RePEc- Department of Economics Discussion Paper, University of Birmingham, p. 10-18.
Research output: Contribution to specialist publication › Article