Funded Research Grants and Contracts

Research Funded by RI (Research Institute at KFUPM):

Participated as a team member for some projects that have been sponsored by SAUDI ARAMCO and the Saudi Agricultural Bank through the Research Institute at KFUPM – Division VI ( The Economic & Industrial Research Division ) . These projects are :

  • The Outlook for Saudi Economy through the year 2005 (March 1993 – October 1994 sponsored by Saudi ARAMCO)


  • Development of the Saudi Agricultural Bank’s system and Procedures ( 1/8/1418 – 1/6/1419 sponsored by the Saudi Agricultural Bank

Special Accreditation Fund Research Grant by CIM:

“Seasonality in Stock Return and Volatility in the Gulf Market: The Ramadan Effect“, Co-authored with Dr. Fazal Seyyed and Dr. Abraham Abraham (June 2003 – August 2004).

“Empirical Test of The Long-Run Fisher Effect: An Application of The ARDL Bounds Technique to Saudi Arabia “, Co-authored with Dr. Mansur Masih and Dr. Yakubu Haji Umar (March 2005 – March 2006)

Published Research:

A. Journal Publication :

-Essayyad, Musa , Ramady, Mohamed, and Al-Hajji, Mohsen
“The Determinants of Bank Profitability of Petroleum Economy: The case of Saudi Arabia“, Journal of Petroleum Accounting and Financial Management, Fall/Winter 2003 issue, Vol. 22, No. 3, PP. 69-101

- Fazal J. Seyyed, Abraham Abraham, and Mohsen Al-Hajji
"Seasonality in Stock return and Volatility: The Ramadan Effect“, Research in International Business and Finance 19 (2005) 374-383

Empirical Test of the Long-term Fisher Effect, Mansour Masih, Mohsen Al-Hajji, Yakubu Umar

B. Conference Publication:

- Seyyed , Fazal J. , Abraham, Abraham , and Al-Hajji, Mohsen
Stock Returns and Volatility: The Ramadan Effect“, The 11th Annual Conference on Pacific Basin Finance, Economics, and Accounting, November 21, 2003, Taipei, Taiwan.

- Seyyed, Fazal J. , Haji Umar, Yakubu, and Al-Hajji, Mohsen
“Determinants of Academic Research Productivity“, This paper has been presented at the Discussion Form on Research at KFUPM: Challenges and Opportunities, May 20, 2003 at the Conference Center, KFUPM, Dhahran, Saudi Arabia.

- Seyyed, Fazal J. , Haji Umar, Yakubu, and Al-Hajji, Mohsen
“Determinants of Business Faculty Research in the Middle East“. This paper has been presented at the Academy of World Business, Marketing, and Management Development, “The Challenge of Inter-Disciplinary Perspectives and Globalization in 21st century”, Queens land, Australia, July 13-16, 2004.

C. Conference Attendance:

I have attended the 3rd International Islamic Banking and Finance Conference held in Mandarin Oriental Hotel in Kuala Lumpur, Malaysia during the period 16 – 17 of November 2005.