
Zafar Uddin Ahmed, Ph.D.
Professor of Marketing
Толығырақ:
Professor of Marketing

Saule Dyussembina, CMA, MBA, MPhil
Senior Lecturer in Accounting
Толығырақ:
Senior Lecturer in Accounting

Nejat Çapar, Ph.D.
(English) Acting Dean
Assistant Professor, Management area
Толығырақ:
Educational Background and Bio:
Nejat Çapar received his Ph.D. in Strategic Management from the Florida State University and MBA from Temple University. He has previously taught at the Florida State University, American University of Sharjah, and Bilkent University among others and has been a guest lecturer at various universities. His work has been published in the Journal of International Business Studies, Academy of Management Proceedings, and Journal of Business Ethics among others. He served as an Editorial Board Member for the Journal of International Management during 2010-2018, and as an ad-hoc reviewer for various other academic journals. He has been active in reviewing and presenting papers at the Academy of Management and Academy of International Business Conferences. His research interests include international diversification and performance relationships, the interrelationships between diversification, firm resources and performance, as well as cross-cultural differences in management.

(English) Yuliya Frolova, DBA
(English) Associate Dean for Undergraduate Programs
Associate Professor, Management area
Толығырақ:

(English) Monowar Mahmood, Ph.D.
(English) Associate Dean for Graduate Programs
Professor, Management area
Толығырақ:

(English) Uldana Baizyldayeva, Ph.D.
(English) Assistant Professor, Information Systems in Business
Толығырақ:

(English) Oleg Vlassov, MBA
(English) Senior Lecturer, Information Systems in Business
Толығырақ:

(English) Yevgeniya Kim, MBA
(English) Senior Lecturer, Information Systems in Business
Толығырақ:

Nurlan Orazalin, DBA
(English) Assistant Professor, Accounting area
Толығырақ:
Name | Nurlan S. Orazalin |
Position | Assistant Professor |
Contact detail | orazalin@kimep.kz
270-44-40, ext. 2183 |
Education background |
· Bachelor of Accounting and Auditing, Kazakh State Academy of Management, Kazakhstan · Certified Management Accountant, the Institute of Management Accountants, USA |
Overview | Nurlan S. Orazalin has extensive teaching experience in the areas of accounting and finance. Dr. Orazalin has considerable practical and consulting experience and has worked with a variety of industries, including banking, oil and gas, constructions, communications, and manufacturing. In his current position, Dr. Orazalin teaches courses such as Introduction to Accounting, Managerial Accounting, Advanced Accounting, Financial Reporting and Management Control Systems, International Financial Reporting Standards (IFRS), Auditing, Financial Statement Analysis, Introduction to Finance, Modern Research in Accounting etc. He has DBA in accounting from KIMEP University, Kazakhstan and MS in accounting from Texas A&M University, USA. He is a Certified Management Accountant and a Member of the Institute of Management Accountants of USA, and provides consulting services for domestic and international companies/banks. His research and professional interests are primarily focused on financial reporting, corporate governance, corporate social responsibility, sustainability performance and integrated reporting, and fair value accounting. Dr. Orazalin is the author of several articles in peer- reviewed journals, book chapters, and conference proceedings. He received the best teacher award for outstanding teaching from KIMEP University in 2006 and the Kazakhstani business professor of the year award from the Lawyer, Academics and Consultants of Kazakhstan in 2009. |
Research Interests |
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Selected Publications | · Orazalin, N. (2018), Working Capital Management and Firm Profitability: Evidence from Emerging Markets, International Journal of Business and Globalisation, accepted, forthcoming (SCOPUS listed)
· Mahmood, M. and Orazalin, N. (2017), Green governance and sustainability reporting in Kazakhstan’s oil, gas, and mining sector: Evidence from a former USSR emerging economy, Journal of Cleaner Production, Volume 164, pp. 389-397 (SSCI and SCOPUS listed) · Orazalin, N., Mahmood M. and Lee, KJ. (2016), Corporate governance, financial crisis, and firm performance: Lessons from top Russian Banks, Corporate Governance: The international journal of business in society, Vol. 16 Issue 5, pp.798 – 814 (ABS and SCOPUS listed) · Orazalin, N., Makarov, R. and Ospanova M. (2015), Corporate Governance and Firm Performance in the Oil and Gas Industry of Russia, Journal of Business, Economics and Finance, Volume 4, Issue 4,pp. 710-722 · Orazalin N., Mahmood, M. and Lee, K.J. (2015), Bank Ownership and Performance: Evidence from Russia in a post crisis period, Journal of Accounting, Finance and Economics, Volume 5, No 1, pp. 46-55 · Mahmood, M., Orazalin, N. and Zhakupova, B., (2013), Fostering Creativity and Innovation Through Leadership, International Journal of Strategic Management, Volume 1, 2013, pp. 67-75 · Bhasin, M., Makarov. R. and Orazalin, N., (2012), The Determinants of Voluntary Disclosure in the Banking Sector of Kazakhstan, International Journal of Contemporary Business Studies, Volume 3, No. 3, pp. 60-71 · Absar, N., Orazalin, N. and Mahmood M. (2012), Human capital reporting in emerging economies: A comparative study on the banking industry of Kazakhstan and Bangladesh, Journal of Academy of Business and Economics, Vol. 12, No. 3, pp. 28-36 · Mailibayeva, Z., Makarov, R. and Orazalin, N. (2012), Financial Reporting Practices in Emerging Economy: Determinants of Cash Flow Reporting Methods in Kazakhstan, Journal of International Business and Economics, Volume 12, Issue 2, pp. 97-105 · Orazalin, N. and Lee S.H. (2011), Portfolio Diversification Effect in the Capital Market of Kazakhstan: Empirical study based on KASE index, Journal of International Finance Studies, Volume 11, No. 1, pp. 126-132 Book Chapters
Conference Papers
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Teaching | Current Courses Taught
· Financial Accounting · Management Accounting · Selected Topics in Accounting · International Financial Reporting Standards · Modern Research Studies in Accounting · Auditing |
Grants | |
Awards |
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(English) Zhanat Syzdykov, MPA
(English) Assistant Professor on Special Appointment Accounting area
Толығырақ:

(English) Bibigul Zhakupova, MA
(English) Senior Lecturer
Толығырақ:

Ruslan Safarov, MSc
(English) Senior Lecturer, Accounting area
Толығырақ:
Name | Ruslan Safarov |
Position | Senior Lecturer of Accounting |
Contact detail | r.safarov@kimep.kz ; office phone: 270-44-40, ext. 2251 |
Education background | MSc (International Accounting and Finance), Cass Business School, City University London, UK
BSc (Business Administration and Accounting), KIMEP, Kazakhstan |
Certifications | Member of Association of Chartered Certified Accountants (ACCA) |
Teaching | Current Courses Taught
– Professional Auditing – Intermediate Accounting – Financial Accounting |
Practical Experience | Ruslan has seven years of experience in audit and preparation of the financial statements in accordance with the International Financial Reporting Standards. Being part of UK team during 2013-2015 Ruslan was deeply involved into the audit of cross national companies with headquarters based in UK, US and Australia with the UK and US GAAP reporting requirements. On a top of that Ruslan participated in internal audit engagements with subsequent consultation on tax, financial reporting and risk management issues of the companies’ management based in CIS countries and UK.
Ruslan was involved into the audit engagements of clients from various industries including oil&gas, retail, banking and insurance. Key clients in portfolio are as follows: · In Kazakhstan: Caspi Meruerty Operating Company B.V., North Company Operating Company, Karachaganak Petroleum B.V., Phystech LLP, JSC SB Alfa Bank Kazakhstan, JSC Generali Life, Philip Morris Kazakhstan LLP, Nestle Food Kazakhstan LLP, Kelun Kazpharm LLP, Sadvik Mining & Construction LLP, Burda Alatau Press, Alsad Kazakhstan LLP · In the UK: Corona Energy LLP (UK based, part of Macquarie Group listed on ASE), DST Systems Inc. (UK based, NYSE listed), Danone LTD + Danone Waters LTD (UK based), Galliford Try Plc. (UK based, LSE listed). |
Grants | – Laureate of “Bolashak” State Scholarship |

Muhammad Arslan, Ph.D.
(English) Assistant Professor, Finance area
Толығырақ:
Name: Dr. Muhammad Arslan
Position: Assistant Professor of Finance
Educational Background:
Ph.D. in Accounting and Finance (New Zealand)
Bio:
Dr. Arslan is an Assistant Professor of Accounting & Finance in Bang College of Business (BCB) at KIMEP University. He holds a Ph.D. in Accounting and Finance from Lincoln University, New Zealand. He is the recipient of the Dean’s Award for his Ph.D. thesis from Lincoln University, New Zealand. He also received two Emerald Literati Awards “Highly Commended Paper” in 2019 and 2020. He is the Fellow of the Institute of Financial Accountants (FFA), United Kingdom and Fellow of the Institute of Public Accountants (FIPA), Australia. He is also a certified peer reviewer from Publons Academy and Web of Science (WOS), Clarivate.
Before joining KIMEP, he worked at Lincoln University and New Zealand tertiary institute(s) where he taught a wide range of accounting and finance courses, such as Management Accounting, Financial Accounting, Financial Reporting and Management Control, Quantitative Methods, Corporate Finance, International Finance, Portfolio and Behavioural Finance, Principles of Finance, Advanced Financial Management, Financial Statement Analysis and Reporting at both undergraduate and post-graduate levels.
Dr. Arslan’s research interests include, but are not limited to; corporate governance, corporate social responsibility, compensation, auditing, ownership structure, and economic issues. He is an active researcher and has published several articles in international peer-reviewed journals. So far, he has authored three book chapters. He has successfully supervised and examined more than a dozen master’s students. He is currently supervising one Ph.D. student. He can be contacted for students’ supervision and other research/academic collaborations at m.arslan@kimep.kz

(English) Mira Nurmakhanova, Ph.D.
(English) Chair of Accounting and Finance departments
Associate Professor, Finance area
Толығырақ:

Alimshan Faizulayev, Ph.D.
(English) Assistant Professor, Finance area
Толығырақ:
Name: Dr. Alimshan Faizulayev
Position: Research Director / Assistant Professor, Bang College of Business.
Educational Background: Ph.D. in Finance, Eastern Mediterranean University, N. Cyprus.
Experience:
08.2019- Present => Assistant Professor/ Research Director BCB, Kimep University, Kazakhstan.
04.2021-Present => Research Director (co-owner), London Center for Development, London , UK.
10.2021-Present => Member (non-voting) of the AIXQI Index Committee of Astana International Exchange (AIX).
01.2017-01.2021 => Investment Advisor/ Coordinator in CIS regions, Dovec Group of Companies, Cyprus.
01.2011-09.2017 => Project Manager, Dogus Yol Tourism (education and tourism), Turkey.
09.2015-01.2019 => Senior Lecturer, Eastern Mediterranean University, Cyprus.
01.2015-07.2015 => Guest Lecturer, American Hotel & Lodging Educational Institute, USA.
Research Interest:
-Conentional Banking, Islamic Banking,
-Energy economics
Research Articles:
Damira, A., Narimanovna, J. G., Lyazzat, Y., Rustamov, B., Faizulayev, A., & Bekun, F. V. (2022). Competition Determinants of Eurasian Economic Union Oil and Gas Companies . International Journal of Energy Economics and Policy, 12(2), 336–341. https://doi.org/10.32479/ijeep.12906 (Scopus, ABDC)
Isah Wada, Alimshan Faizulayev, Festus Victor Bekun (2021). “Exploring the role of conventional energy consumption on environmental quality in Brazil: Evidence from cointegration and conditional causality”,Gondwana Research, https://doi.org/10.1016/j.gr.2021.06.009. ((SCI / SCOPUS Q2 IF:6.05)
Faizulayev, A. Wada, I. Kyzdarbekova, A. Parmankulova, I (2021). “What drives the banking competition in Islamic Finance Oriented Countries? Islamic vs Conventional banks.” Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-06-2020-0173 (Web of Scıence / SCOPUS Q2)
Solomon, P. N. Festus, V. B. Faizulayev, A. (2021) “Energy Consumption, Natural Resources, Urbanization, and Ecological Footprint in South Africa: The Moderating Role of Human Capital.” International Journal of Energy Economics and Policy. https://doi.org/10.32479/ijeep.11099 (Web of Scıence / SCOPUS Q2)
Faizulayev, A, Bakitjanovna, KR, Wada, I. (2020) Revisiting the dynamic impact of external debt on economic growth in Nigeria: Cointegration and conditional causality analysis. J Public Affairs;e2538. https://doi.org/10.1002/pa.2538 (Web of Scıence / SCOPUS Q2)
Wada, I, Faizulayev, A, Khademolomoom, AH, Alzubi, A. (2020) Energy use, real output‐growth, FDI, energy‐intensity and CO2 emission; the case of Kazakhstan. J Public Affairs;e2300. https://doi.org/10.1002/pa.2300 (Web of Scıence / SCOPUS Q2)
Faizulayev A., Wada I. (2019) Spillover Effect of Interest Rate Volatility on Banking Sector Development in Nigeria: Dynamic ARDL Bound Test Approach. In: Ozatac N., Gokmenoglu K. (eds) Global Issues in Banking and Finance. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-30387-7_8(Scopus)
Faizulayev A., Wada I. (2019) What Drives the Banking Performance? Case of Eurasian Economic Union Countries. In: Ozatac N., Gokmenoglu K. (eds) Global Issues in Banking and Finance. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-30387-7_3(Scopus)
Hamed W., Faizulayev A. (2019) Does the Financial Performance of Banks Change During the Global Financial Crisis? The Case of Palestine. In: Ozatac N., Gokmenoglu K. (eds) Global Issues in Banking and Finance. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-30387-7_12(Scopus)
Faizulayev A., Bektas E. (2018) Profitability Determinants of Islamic and Conventional Banks During the Global Financial Crises: The Case of Emerging Markets. In: Ozatac N., Gökmenoglu K. (eds) Emerging Trends in Banking and Finance. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-01784-2_17
Alimshan Faizulayev, Eralp Bektas & Abdul Ghafar Ismail 2018. “Profitability and persistency in the service industry: the case of QISMUT+3”, Service Industries Journal, https://doi.org/10.1080/02642069.2018.1461210. (SSCI/ SCOPUS Q1 IF-6.539)

(English) Alma Sharipova, Ph.D. in Financial Economics
(English) Assistant Professor in Banking and Finance
Толығырақ:

Balzhan Zhussupova, Ph.D.
(English) Assistant Professor, Department of Accounting and Finance
Толығырақ:
Name | Balzhan Zhussupova |
Position | Assistant Professor, Department of Accounting and Finance |
Contact details | b.zhussupova@kimep.kz, tel. ex: 2021 |
Education background | PhD (studies on banking), Bangor University, Wales, UK MBA (Banking and Finance), University of Wales, UK |
Certifications | Certified Internal Auditor (the Institute of Internal Auditors, US) Certified Fraud Examiner (American Association of Certified Fraud Examiners, US) |
Overview | Professor Balzhan Zhussupova is a business practitioner teaching different courses in finance and accounting. She worked in financial institutions in macroeconomic research, credit analysis and internal audit function. Her current research interest focuses on studying the rationale for mandatory auditor rotation in banking industry. Another research area is the quality of financial disclosure and corporate governance characteristics in developing countries. |
Research Interests | Corporate frauds, auditing, banking, corporate governance and disclosure quality |
Teaching interests | – Auditing – Fraud examination – Financial institutions management/Bank management |
Book chapter | Altunbas Y., D. Marques-Ibanez and B. Zhussupova (2008). Capital market frictions and bank lending in the EU, in Frontiers of Banks in a Global Economy, Palgrave Macmillan. P. Molyneux and E. Vallelado (eds). |

(English) Maya Katenova, DBA
(English) Assistant Professor, Finance area
Толығырақ:

(English) Uzhegova Olga, DBA
(English) Assistant Professor, Finance area
Толығырақ:

(English) Akhliddin Ismailov, MBA
(English) Senior Lecturer, Finance area
Толығырақ:

(English) Alma Alpeissova, DBA, MA
(English) Chair of Management and Marketing departments
Assistant Professor, Management area
Толығырақ:

(English) Elmira Bogoviyeva, Ph.D.
(English) Associate Professor, Marketing area
Толығырақ:

Vladimir Garkavenko, Ph.D.
(English) Associate Professor, Marketing area
Толығырақ:

Dana Abeuova, Ph.D.
(English) Director of the Center of Entrepreneurship and Innovation
Assistant Professor, Management area
Толығырақ:
Dana Abeuova is an Assistant Professor in the Department of Management and Marketing at KIMEP University. She received her Ph.D. in Management from ESCP Business School, as part of the École Doctorale de Management Panthéon-Sorbonne, France; M.S. in Information Systems from Kelley School of Business, Indiana University Bloomington, USA; B.S. in Informatics from School of Informatics, Indiana University Bloomington, USA.
Her professional background is comprised of work in the private sector, academia, and international non-governmental organization. Her teaching experience includes lecturing at Kazakh-British Technical University in Kazakhstan and at ESCP Europe Business School in France.
Her research interests lie in the areas of new venture development and talent attraction in new entrepreneurial ventures.

(English) Alexander Ostrovsky, DBA
(English) Assistant Professor, Marketing area
Толығырақ:

(English) Yelizaveta Rybina, DBA
(English) Assistant Professor, Marketing area