Faculty Member
Kurnia Fajar Afgani
Business Risk and Finance (BRF)
Expertise
Finance, Risk Management, Banking
2006
Bachelor Business Administration, Universitas Katholik Parahyangan
2009
Master Business Administration, Institut Teknologi Bandung
Dr in Science Management, SBM ITB, in progress

Profile

Kurnia Fajar Afgani, S.AB., MBA., is a full-time lecturer at the School of Business and Management, Institut Teknologi Bandung (SBM ITB), within the Business Risk and Finance group. With over a decade of professional experience in Islamic banking and multiple international certifications in risk management, finance, and business analytics, he integrates academic expertise and industry practice to deliver impactful contributions in teaching, research, and consulting.

His scholarly focus lies in Islamic Finance, Risk Management, and the Digital Economy, where he has published in Scopus Q1–Q3 journals and co-authored influential works. Highly cited publications include “Towards a Cashless Society: Use of Electronic Payment Devices among Generation Z” (Scopus Q2), “Political Connection and Corporate Social Responsibility: Evidence from Indonesia” (Scopus Q3), and “Artificial Neural Network to Develop Loan Default Predicting Model Using Social Media Data” (Scopus Q3). He has also contributed to Q1 research in property economics and ASEAN labor competitiveness. Complementing these are his books, which form part of the Capital Market and Management Series:

Private Equity and Venture Capital in Southeast Asia: The Landscape, The Challenges, The Past Decade, and The Future

Where is the Money?: Digital Value Investment in Southeast Asia

Risk Republic: Risk in Indonesia’s New Economy

Beyond publications, Kurnia has played a leading role in high-impact strategic projects on topics such as risk culture development, financial feasibility, economic policy, digital finance, and sustainability frameworks. His engagement extends to community empowerment, with initiatives in Islamic financial literacy, MSME digital transformation, and sustainable tourism.

Grants, Projects & Achievements

  • Research Grant International Joint Research 2020 and 2023
  • Community Service Grant 2020, 2021, 2022,
  • Citarum Harum Grant 2022

Publications

  • DEVELOPING SUSTAINABILITY PRACTICES REPORTING MEASUREMENT FRAMEWORK FOR ISLAMIC BANKS IN INDONESIA: A LITERATURE SYNTHESIS, GR Hanisfy, KF Afgani
  • THE IMPACT OF SUPER APPS USAGE ON FINANCIAL LITERACY AND FINANCIAL BEHAVIOR OF GENERATION Z IN INDONESIA: A LITERATURE SYNTHESIS, T Azzahra, KF Afgani
  • DIGGING COMPANIES CRUCIAL ASPECT MEASUREMENT: RISK MATURITY LEVEL, ASSESSMENT OF XYZ BANK, KF Afgani, M Marzuki
  • THE EFFECT OF LIQUIDITY, LEVERAGE, OPERATING CAPACITY, PROFITABILITY, AND SALES GROWTH AS PREDICTORS OF FINANCIAL DISTRESS:(PROPERTY, REAL ESTATE, AND CONSTRUCTION SERVICES, Agil Krisna Rivanda, Kurnia Fajar Afgani, Radia Purbayati, Marziana Madah Marzuki
  • PENINGKATAN LITERASI KEUANGAN DAN OPTIMALISASI PENGGUNAAN FINTECH BAGI PEREMPUAN KELOMPOK PKK, A Darmansyah, RA Rahadi, KF Afgani, FR Khaerani, D Kharohmayani
  • PRIVATE EQUITY AND VENTURE CAPITAL IN SOUTHEAST ASIA: THE LANDSCAPE, THE CHALLENGES, THE PAST DECADE AND THE FUTURE, A Boediman, S Sukarno, RA Rahadi, KF Afgani
  • ARTIFICIAL NEURAL NETWORK TO DEVELOP LOAN DEFAULT PREDICTING MODEL USING SOCIAL MEDIA DATA: A CASE STUDY OF ONLINE PEER TO PEER LENDING, Taufik Faturohman, Muhammad Abdullah Hamzah Syaiful Mukminin, Sudarso Kaderi Wiryono, Gun Gun Indrayana, Raden Aswin Rahadi, Kurnia Fajar Afgani (Scopus Q3)
  • PERSPECTIVE OF THE YOUNG GENERATION TOWARDS THE AGRICULTURAL SECTOR IN INDONESIA, Taufik Faturohman, Tarada Berlian Megananda, Sudarso Kaderi Wiryono, Raden Aswin Rahadi, Kurnia Fajar Afgani, Gun Gun Indrayana, Priskilla Buna Kristianto, Rendy Franata (Scopus Proceedings)
  • DOES PARENTAL SOCIALIZATION AFFECT FINANCIAL LITERACY IN INDONESIA?, Rahadi, R.A., Putri, G.N., Nugraha, B.A., Faturohman, T., Boediman, A., Afgani, K.F., Saputra, J. (Scopus Q4)
  • THE IMPLICATIONS OF FINANCIAL LITERACY RATE ON THE COMPANY PROFITABILITY OF MSMES IN BANDUNG, Rahadi, R.A., Herijanto, N.K.K., Rahmawati, D., Wiryono, S.K., Pangestu, A.B., Darmansyah, A., Afgani, K.F. (Scopus Q3)
  • LEVERAGING CONSUMER BEHAVIOR AND MACROECONOMIC FACTORS TO INCREASE REAL ESTATE INVESTMENT POTENTIAL, Rahadi, R.A., Bagaskara, D.P.G., Wiryono, S.K., Darmansyah, A., Hakam, D.F., Zen, T.S., Afgani, K.F. (Scopus Q1)

Industry & Policy Engagement

  • Team Leader, FEASIBILITY STUDY PROJECT NITRILE GLOVES, PT Indofarma TBK. 2021
  • Team Leader, FEASIBILITY STUDY PROJECT CATHETER, PT Indofarma TBK. 2021
  • Team Leader, FEASIBILITY STUDY PROJECT ELEKTROMEDIS, PT Indofarma TBK. 2021
  • Team Leader, FEASIBILITY STUDY PROJECT REAGENT, PT Indofarma TBK. 2021
  • Chairman of International Conference on Management in Emerging Markets (ICMEM) 2022
  • Team Leader, Studi Kelayakan BPR Kota Palembang, 2022
  • Team Leader, Evaluasi Kinerja BUMD Kota Bandung, 2022
  • Team Leader, Kajian Cost-Benefit Analysis Ruislag PLN Aset, 2024
  • Team Leader, Kajian Cost-Benefit Analysis CSS PLN Aset, 2024
  • Team Leader, Penyusunan Metode Penghitungan Risk Culture Maturity Level, Pertamina 2025
  • Merger and Acquisition, Pertamina Patra Niaga, 2025
  • Leader for Gas Industry, PGN, 2025