Admission
Faculty Member
Oktofa Yudha Sudrajad
Business Risk and Finance (BRF)
Expertise
Banking, Investment Analysis, Islamic Finance, Risk Management, Green Finance, Corporate Finance
2005
B.Eng in Industrial Engineering, Institut Teknologi Bandung
2009
Master of Science in Management, Institut Teknologi Bandung
2018
PhD in Economics and Management Sciences, Liege University
  • oktofayudha@itb.ac.id
  • oktofa@sbm-itb.ac.id
  • Ganesha ITB
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Profile

Oktofa Yudha Sudrajad, Ph.D is a full-time lecturer at the School of Business and Management, Institut Teknologi Bandung (SBM ITB), Indonesia, and currently serves as the Director of the Center for Islamic Business and Finance (CIBF). He earned his Ph.D. in Economics and Business Management from the Department of Finance and Law, HEC School of Management – University of Liège, Belgium. He holds a Master of Science in Management from SBM ITB and a Bachelor’s degree in Industrial Engineering from ITB.

His research interests include Banking, Investment Analysis, Islamic Finance, Green Finance, and Corporate Finance. He has published in international peer-reviewed journals and presented at numerous global conferences.

Ha has been involved in strategic consultancy and research projects with leading corporations and government institutions, including PT ANTAM, PT Timah Indonesia, PT Bukit Asam, PT Kereta Api Indonesia, PT Telkom Indonesia, PT PLN, PT Toba Sejahtera, Wilmar Group, Bank Indonesia, OJK, UNDP, and KNEKS, covering areas such as financial modeling, risk management, feasibility studies, and sustainable finance.

He holds several professional certifications, including Professional Financial Modeler (PFM) from the International Financial Modelling Institute, Certified Risk Management Professional (CRMP) from the American Academy of Project Management, Certified Wealth Management (CWM) from the Certified Wealth Manager’s Association, and Certified Chartered Financial Technology Professional (CFCTP) from the American Academy of Financial Management.

Grants, Projects & Achievements

  • Research Grants from Directorate General of Higher Education (DIKTI) & Institut Teknologi Bandung (ITB)
  • Multiple years for banking, Islamic finance, and green finance studies. UNDP Grants for Sustainability-Linked Financing Feasibility Study.
  • Bank Indonesia Grant for Riset Grant Bank Indonesia (RGBI).
  • KNEKS Grant for Masterplan Ekonomi Syariah Indonesia (MEKSI)
  • Best Paper Award, 25th International Conference of Eurasian Business and Economics Society (EBES), Berlin, 2018.
  • Best Paper Award, International Conference on Management in Emerging Markets (ICMEM), Bali, 2016.

Publications

  • Does Financial Digitalization Affect Macroeconomic Stability in Indonesia? An Application of the ARDL Model. International Journal of Advanced and Applied Sciences.
  • Enhancing Sustainable Banking Practices: Implementing the BESGI Framework to Indonesian Banks. International Journal of Current Science Research and Review.
  • Evaluating the Impact of ESG Integration on the Financial Performance of Pertamina Geothermal Energy: A Sustainable Growth Perspective. Return: Study of Management, Economic and Business.
  • Leveraging Profitability in the Oil and Gas Industry: Economic Evaluation of the Continuity of Monobore Drilling Well Architecture in PT Pertamina Hulu Indonesia Zone 9. European Journal of Business and Management Research.
  • Does Digital Financial Inclusion Forecast Sustainable Economic Growth? Evidence from an Emerging Economy. Journal of Open Innovation: Technology, Market, and Complexity.
  • Entrepreneurial Muslim Leadership in Islamic Cooperative Business Units. Journal of Islamic Accounting and Business Research.
  • Shariah Governance Reporting of Islamic Banks: An Insight from Malaysia. Cogent Business & Management.
  • Business Process Improvement and Capital Budgeting Analysis to Develop the Digitalization Process of Loan / Financing in Bank Sumsel Babel. International Journal of Current Science Research Review, 6(1), 68–90.
  • Portfolio Optimization Using Markowitz Model on Sri-Kehati Index. International Journal of Current Science Research and Review, 6(8).
  • Company Fair Valuation Considering ESG Factors (Case Study: PT Pertamina Geothermal Energy, Tbk). European Journal of Business and Management Research, 8(5).
  • Testing the Role of Socioeconomic Level and Government Policies in Spreading COVID-19 in ASEAN. International Journal of Current Science Research Review, 5(4), 1288–1298.
  • Determining the Optimal Capital Structure of PT Bumi Resources Tbk. International Journal of Current Science Research Review, 5(12), 4888–4908.
  • Investment Analysis of the Corrugated Bridge Construction for an Efficient Cost of Hauling Over Burden (Study Case PT. Berau Coal). Change Agent for Management Journal, 6(2).
  • Project Capital Rationing Using Discounted Cash Flow Method, Sensitivity Analysis and Monte Carlo Simulation: Case Study Tambura Oil Development. European Journal of Business and Management Research, 7(6).
  • Unlocking Additional Revenue by Early Deactivation of Condensate Processing Plant: Case Research in Banua Petroleum Company. European Journal of Business and Management Research, 7(5).
  • Does the East and Southeast Asian Equity Market Have Integration? A Study of Cointegration Analysis. International Journal of Current Science Research and Review, 5(3).
  • Business Model in Islamic Business Units: Lessons from Islamic Boarding Schools in West Java. International Journal of Applied Business Research.
  • A Comparative Study of Banking Financial Performance Before and After Bank Digitalization in Indonesia. International Journal of Advanced Research in Economics and Finance.

Industry & Policy Engagement

  • Consultancy Experience Oktofa Yudha Sudrajad, PhD has provided consultancy services to numerous corporations, government agencies, and international organizations. His work includes risk management, financial modeling, feasibility studies, and strategic planning for clients such as:
  • Corporations: PT ANTAM, PT Timah Indonesia, PT Bukit Asam, PT Kereta Api Indonesia, PT Telkom Indonesia, PT PLN, PT Toba Sejahtera, Wilmar Group, MRT Jakarta, Pupuk Kaltim, PLN Batam.
  • Government Agencies: Ministry of Energy and Mineral Resources (ESDM), Ministry of Finance, SKK Migas, Bank Indonesia, Otoritas Jasa Keuangan (OJK), Kementerian Perhubungan, Pemerintah Provinsi Jawa Barat, Pemerintah Provinsi Sumatera Utara, Pemerintah Provinsi Riau.
  • International & NGO: United Nations Development Programme (UNDP), Komite Nasional Ekonomi dan Keuangan Syariah (KNEKS).
  • Applied Tools or Frameworks In his projects and research, he has applied various analytical tools and frameworks, including:
  • Financial Modeling & Valuation Techniques (DCF, Sensitivity Analysis, Monte Carlo Simulation)
  • Risk Management Frameworks (ISO 31000-based, Risk Maturity Index)
  • Project Feasibility & Business Case Development (AACE Cost Estimate Classifications, PPP Guidelines)
  • Strategic Business Analysis (Market Entry Analysis, Business Model Assessment)
  • Islamic Finance Frameworks (Sharia compliance screening, sukuk structuring, Islamic fintech model design)
  • Policy Papers / White Papers He has authored and contributed to several policy-oriented studies and government reports, such as:
  • National Strategy for Sharia Financial Literacy and Inclusion – BI & KNEKS
  • Masterplan Study of the Indonesian Halal Product Industry – Bank Indonesia
  • Islamic Money Market Optimization for Infrastructure Industry – KNEKS
  • Study of Development of Frontier Technology for Halal Product – KNEKS
  • Sustainability-Linked Financing Feasibility Study – UNDP
  • Public Private Partnership Project Business Cases – Ministry of Public Works & Housing (PUPR)
  • Collaborative Projects Involving Business, Government, or Community Stakeholders
  • Coordinated multi-stakeholder consultations for UNDP’s Sustainability-Linked Financing study involving Ministry of Finance, Central Bank of Indonesia, OJK, DSN MUI, BAZNAS, AFSI, SME associations, and fintech companies.
  • Developed joint venture feasibility models between PT ANTAM and regional government-owned enterprises (BUMD).
  • Facilitated strategic planning for national infrastructure projects involving PLN, PLN Batam, Bio Farma Group, and government agencies.
  • Participated in provincial and national economic development masterplans integrating public–private partnerships.
  • Workshops or Training Delivered for Industry or Policymaking Institutions
  • Delivered training on Financial Modeling & Risk Analysis for mining and energy companies (e.g., PT ANTAM, PT Timah, PLN subsidiaries).
  • Conducted workshops on Islamic Finance and Sharia Compliance for Bank Indonesia, OJK, and KNEKS programs.
  • Provided capacity-building sessions on PPP project preparation and feasibility analysis for local government officials.
  • Led seminars on Green Finance & Sustainability-linked Financing for UNDP and financial institutions.