
Ziyan Muhammad Farhan
Sharia Economic and Finance Intern

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About me
Senior Quantitative Analyst | MFin
Education

SMA Negeri 8 Jakarta
2011 - 2014SOCIAL SCIENCES.webp)
Universitas Indonesia (UI)
2014 - 2019Bachelor's degree Islamic Economics 3.60 out of 4.00Thesis Topic: Examining performance of Indonesia's Islamic global mutual funds using the Fama-French 4 factor model to find out if the investment managers did the Net Asset Value (NAV) out of "luck" or "skill". Furthermore, macroeconomic and financial indicators are also included in the model to find the factors that affect the NAV.

University of Glasgow Adam Smith Business School
2023 - 2024Master's degree MFin International Finance with Distinction• Grade: Equivalent to 3.76 out of 4.00 based on grade conversion by Indonesia's Ministry of Education.• Dissertation Topic: Stock market volatility and business cycle in ASEAN-5 by incorporating China to examine the spillover effects, covering two major economic & financial crises in the 21st century.• Courses: Financial Analysis and Equity Valuation, Mergers and Acquisitions, Financial Risk Management, Financial Econometrics, Corporate Finance, and International Capital Markets.
Experience

Central Bank of Indonesia
Jun 2017 - Jul 2017Sharia Economic and Finance Intern• Transformed the new financial standard from Islamic Financial Services Board (IFSB) into some schemes that would be presented to Indonesian Ulema Council (MUI)• Presented research on waqf as an instrument for national infrastructure development.

ZICO Shariah
Oct 2018 - Jan 2019Research AssistantCreated the Islamic Banking chapter on Indonesia Islamic Economic Masterplan 2019-2024: joint guidance in developing the Islamic economy and finance in Indonesia through action plans and targets.
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Komite Nasional Ekonomi dan Keuangan Syariah (KNEKS)
Feb 2019 - May 2022Policy Analyst on Islamic Banking & Finance• Analyzed quantitative and qualitative data on Islamic Finance product innovation, market deepening, and financial infrastructure to support strategic policy recommendations.• Coordinated with top-level stakeholders from government institutions and the financial industry, such as banks (commercial & investment), asset management, and pension funds.• Succeeded in creating state-owned Islamic bank strategies, which were later implemented through the merger of Bank Syariah Indonesia (BSI).• Succeeded in revising the regulation of mandatory spin-offs for Islamic window banks that will enhance the bank's efficiency using the leverage system.• Succeeded in coordinating a financial deal worth IDR 420 billion or approximately £22 million (2021) using a Public-Private Partnership (PPP) scheme on an infrastructure project.• Succeeded in promoting financial product innovation: Sharia Restricted Intermediary Account (SRIA) and Public-Private Partnership (PPP) using Islamic finance scheme.• Succeeded in creating regulatory impact analysis on tax neutrality, tax clarity, and tax incentives for Islamic banks.• Succeeded in mapping the potential investors, including HNWI, asset management, and other large AUM institutions through market research on innovative Islamic finance products. Show less

Self-employed
Jun 2022 - Aug 2023Islamic Banking & Finance Consultant• Created business analysis of the spin-off process for an Islamic bank. The analysis focuses on macroeconomic insights, competitiveness, and the prospect of the primary business model.• Created feasibility studies on Sharia financing for construction projects. The studies ranged from market advantages of the projects, financing schemes, and Sharia compliance.

The Young Consultant
Jun 2024 - Sept 2024Business Development Consultant• Developed strategic solutions through licensing and co-development partnerships for a Europe-based start-up in biotechnology.• Conducted research from forecasting the biocatalysis market and analyzing legal consequences of partnership to evaluating potential partners for future development.• Delivered high-level research materials with an effective and engaging deck.

PT Bank Syariah Indonesia Tbk.
Sept 2025 - nowSenior Quantitative AnalystWork under the Office of Chief Economist, Bank Syariah Indonesia
Licenses & Certifications
- View certificate

Full Stack Data Analytics
RevoUJul 2025 %20FEB%20UI.webp)
Islamic Finance Qualification Course (Level 3)
Pusat Pengembangan Akuntansi (PPA) FEB UIApr 2022
Muamalah Maliyah dan Fatwa DSN-MUI
Majelis Ulama IndonesiaSept 2021
Honors & Awards
- Awarded to Ziyan Muhammad FarhanAdam Smith Skills Award Adam Smith Business School, University of Glasgow Aug 2024 The Adam Smith Skills Award from the University of Glasgow reflects my commitment to personal development, community engagement, and future career planning. I look forward to leveraging these skills in my professional journey and contributing positively to my field.
- Awarded to Ziyan Muhammad FarhanFull Scholarship Awardee from Indonesian Government (LPDP) The Ministry of Finance, Republic of Indonesia Apr 2023 Awarded a full scholarship from the Indonesian Endowment Fund for Education Agency (LPDP) for a master’s degree in the accounting and finance field.
- Awarded to Ziyan Muhammad FarhanBest Paper of Sharia Economic and Finance Research Forum (FREKS OJK) Financial Services Authority (OJK) Sep 2020 Won first place for the best paper on Islamic banking hosted by the Indonesian Financial Services Authority (OJK). The research analyzed the cash waqf model through Islamic banks.
- Awarded to Ziyan Muhammad Farhan3rd Winner of ProFunds Idea Competition Phillip Sekuritas Indonesia May 2018 Proposed a financial solution for the student organization to maximize their endowment fund potential through investment (mutual fund).
- Awarded to Ziyan Muhammad Farhan2nd Winner at Festival Ilmiah (FALAH) Association of Islamic Economics Studies, Universitas Airlangga Sep 2017 Proposed "Fintech Education Waqf" as an alternative solution to optimize Indonesia's demographic dividend.
- Awarded to Ziyan Muhammad FarhanPresenter at Conference of Indonesian Students Association in South Korea (CISAK) 2017 Indonesian Students Association in South Korea Jul 2017 Presented a paper and a poster: "Tri-Helix Model: Collaboration Among X, Y, and Z Generation to Maximize the Potential of Demographic Dividend Period in Indonesia".
Volunteer Experience
Secretary
Issued by IBEC FEB UI on Jan 2017
Associated with Ziyan Muhammad FarhanChairman
Issued by Student Development & Achievement Community FEB UI on Jan 2016
Associated with Ziyan Muhammad FarhanMember of Creative Division
Issued by Devout FEB UI on Sept 2014
Associated with Ziyan Muhammad FarhanPresident
Issued by Subseksi Upacara SMA Negeri 8 Jakarta on Nov 2012
Associated with Ziyan Muhammad Farhan
Languages
- inIndonesia
- enEnglish
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