Muhammad Ashfaq

Prof. Muhammad Ashfaq is a Professor of Business Administration at IU International University of Applied Sciences in Germany, specializing in finance and accounting. He also serves as Academic Director International and Program Director of the Digital Business program. His roles include visiting faculty positions at Wittenborg University of Applied Sciences (Netherlands), LSi Business School Cambodia, and Coburg University's international MBA program. He holds a PhD from the University of Tübingen (Germany) and an MBA from Coburg University, with research focused on FinTech, Sustainable Finance, Islamic Finance, and CBDCs.

Education: PhD in Business Administration from University of Tübingen (Germany) on Islamic Banking in Germany; MBA in Financial Management from Coburg University (Germany). Notable awards include the Amity Global Academic Excellence Award and Young Scholars Research Award (Bilkent University). He has also received the LGFW Government Scholarship for his doctoral studies.

Research interests emphasize digital transformation in finance, ethical banking systems, and financial inclusion. His recent works explore AI in banking, CBDC implications, and corruption impacts on financial systems. Articles highlight cross-country analyses on AI's labor market effects and Islamic finance regulatory frameworks. He has contributed to program development across multiple countries, including pioneering the Digital Business and Finance, Accounting & Taxation programs at IU Germany.

Awards include recognition for research contributions in Islamic finance and academic excellence. His advisory roles include shaping curricula and accreditation processes for business programs in Europe and Asia. Current focus areas extend to blockchain applications in finance and sustainability-driven financial innovations.