Islamic Finance: A Hybrid Systematic Literature Review  And Bibliometric Analysis

Ricky Radius Sugiarto; Fenty Dwijayanti Edward; Selamet Edi Sucipto

doi:10.54131/jbma.v12i2.238

Authors

Ricky Radius Sugiarto STIE YA Bangko
Fenty Dwijayanti Edward STIE YA Bangko
Selamet Edi Sucipto STIE YA Bangko

DOI:

https://doi.org/10.54131/jbma.v12i2.238

Keywords:

Keuangan Islam, Tinjauan Pustaka, Vosviewer, Analisis Bibliometrik

Abstract

Banyak penelitian telah menyelidiki Keuangan Islam dalam beberapa dekade terakhir. Namun demikian, penelitian yang ekstensif mengenai topik ini masih terbatas. Oleh karena itu, penelitian ini bertujuan untuk melakukan tinjauan pustaka sistematis dan analisis bibliometrik mengenai Keuangan Islam yang didasarkan pada penelitian empiris yang ada. Metodologi yang digunakan dalam penelitian ini adalah Systematic Literature Review, dengan menggunakan istilah “keuangan Islam” pada “Judul Artikel, Abstrak, dan Kata Kunci” dari basis data Scopus, menghasilkan 4.595 publikasi dari tahun 1979 hingga 2025. Evaluasi dilakukan pada 17 Agustus 2025. Data yang terkumpul kemudian dianalisis menggunakan analisis bibliometrik melalui VOSviewer. Temuan yang diperoleh yaitu penelitian mengenai keuangan Islam masih terbatas di wilayah dengan mayoritas non-Muslim. Studi sebelumnya sebagian besar berfokus pada wilayah mayoritas Muslim seperti Malaysia. Penelitian di masa depan sebaiknya menargetkan wilayah mayoritas non-Muslim. Selain itu, Kerangka konseptual keuangan Islam juga dibahas, yang mencakup Larangan Riba (Bunga), Pembagian Risiko (risk-sharing), Larangan Ketidakpastian (Gharar), Investasi Etis (Ethical Investments), Pembiayaan Berbasis Aset (Asset-Backed Financing), Kesejahteraan Sosial dan Keadilan, Larangan Perjudian (Maysir) dan Transparansi Akuntabilitas. Keterbatasan penelitian ini yaitu terbatas menggunakan basis data Scopus untuk artikel-artikel keuangan Islam. Penelitian di masa depan dapat meningkatkan generalisasi dengan mengintegrasikan basis data tambahan seperti Web of Science. Implikasi praktis yaitu Investor dan venture capital dapat menggunakan informasi ini untuk memilih bidang investasi yang prospektif dalam keuangan Islam. untuk implikasi sosialnya adalah penelitian ini menawarkan wawasan analitis bagi para profesional dan masyarakat luas mengenai penerapan berkelanjutan dari prinsip-prinsip keuangan Islam, sebagaimana dijelaskan dalam Al-Qur’an dan Hadis. Orisinalitas penelitian ini yaitu tentang keuangan Islam semakin berkembang secara global. Namun demikian, kajian yang mendalam mengenai topik ini masih terbatas pada literatur yang ada.

References

Abdullah, A. (2014). A conceptual model to establish an Islamic Finance Unit at a Malaysian public university. Asian Social Science, 10(9), 100–107. Scopus. https://doi.org/10.5539/ass.v10n9p100

Al-Isawi, A. T. J. (2024). Islamic Economic Mechanisms to Achieve Inclusiveness and Islamic Finance for Sustainability. Journal of Ecohumanism, 3(8), 2839–2860. Scopus. https://doi.org/10.62754/joe.v3i8.4933

AlQashouti, B. M., & Shirazi, N. S. (2024). Islamicity indices: An extensive systematic literature review. Journal of Islamic Accounting and Business Research, 15(2), 327–341. Scopus. https://doi.org/10.1108/JIABR-06-2022-0158

Alvares-Garcia, A. (2024). Historical Evolution and Resilience of the Islamic Financial System: Ethical Challenges and Adaptation in a Global High-Interest Rate Environment. Vergentis, 18, 101–144. Scopus.

Butt, H. A., Sadaqat, M., & Shear, F. (2023). Does Islamic financial development foster economic growth? International evidence. Journal of Islamic Accounting and Business Research, 14(6), 1013–1029. Scopus. https://doi.org/10.1108/JIABR-10-2022-0267

El-Halaby, S., Aboul-Dahab, S., & Bin Qoud, N. (2020). A systematic literature review on AAOIFI standards. Journal of Financial Reporting and Accounting, 19(2), 133–183. Scopus. https://doi.org/10.1108/JFRA-06-2020-0170

Goyal, K., & Kumar, S. (2021). Financial literacy: A systematic review and bibliometric analysis. International Journal of Consumer Studies, 45(1), 80–105. Scopus. https://doi.org/10.1111/ijcs.12605

Haruna, A., Sahel, W., Wirajing, M. A. K., & Herman, P. R. (2025). Steadfast in crisis: Can Islamic finance enhance Cameroonian SMEs’ resilience strategies against the COVID-19 pandemic and the Russia/Ukraine war? Borsa Istanbul Review, 25(3), 633–647. Scopus. https://doi.org/10.1016/j.bir.2025.03.002

Hasan, H. A., Mansyur, S., Dahham Sabbar, S., Taha Alkanan, O. M., Arsal, M., Hasyim, M., & Halfaoui, A. (2024). The Impact of Islamic Financial Inclusion on Economic Growth in Asia: Evidence from Indonesia and Iraq. UCJC Business and Society Review, 21(80), 84–127. Scopus. https://doi.org/10.3232/UBR.2024.V21.N1.03

Hassan, M. K., Khan, A., & Paltrinieri, A. (2021). Islamic finance: A literature review. Dalam Islamic Finance and Sustainable Development: A Sustainable Economic Framework for Muslim and Non-Muslim Countries (hlm. 77–106). Scopus. https://doi.org/10.1007/978-3-030-76016-8_5

Hussin, M. Y. M., Rahman, A. A., Ismail, Z., Muhammad, F., & Razak, A. A. (2024). Islamic Social Finance as Alternative Mechanism for Well-being of the Community: A Bibliometric Analysis. Pakistan Journal of Life and Social Sciences, 22(2), 6509–6533. Scopus. https://doi.org/10.57239/PJLSS-2024-22.2.00491

Ilias, S. (2011). Islamic finance: Overview and policy concerns. Dalam Modern Islam: Traditions and Concerns (hlm. 21–33). Scopus. https://www.scopus.com/inward/record.uri?eid=2-s2.0-84895395218&partnerID=40&md5=4971e29a58ea4dba08b99c530588ecdf

Khan, A., Piserà, S., Chiaramonte, L., Dreassi, A., & Paltrinieri, A. (2022). Are Islamic investments still safe assets during the COVID-19 pandemic? Review of Financial Economics, 40(3), 281–299. Scopus. https://doi.org/10.1002/rfe.1153

Khoury, R. E., Alshater, M. M., & Alqaralleh, H. (2024). EXCHANGE RATES AND STOCK MARKET DYNAMICS: ISLAMIC VERSUS CONVENTIONAL FINANCIAL SYSTEMS. Journal of Islamic Monetary Economics and Finance, 10(3), 551–586. Scopus. https://doi.org/10.21098/jimf.v10i3.2096

Majid, N. H. A., Mohd Yusof, R., Abd. Wahab, N., Abdul Rahim, M. A. A., Wiranatakusuma, D. B., & Tasman, S. M. (2025). Understanding resilience of Islamic banking amid COVID-19: A systematic literature review of banking, macroeconomic, and risk factors. Journal of Islamic Accounting and Business Research. Scopus. https://doi.org/10.1108/JIABR-10-2023-0356

Maniam, S. (2024). Determinants of Islamic fintech adoption: A systematic literature review. Journal of Islamic Marketing, 15(11), 2916–2936. Scopus. https://doi.org/10.1108/JIMA-11-2023-0373

Mirakhor, A., Krichene, N., & Shaukat, M. (2012). UNSUSTAINABILITY OF THE REGIME OF INTEREST-BASED DEBT FINANCING. ISRA International Journal of Islamic Finance, 4(2), 25–52. Scopus. https://doi.org/10.55188/ijif.v4i2.145

Peter Tugwell. (t.t.). juni 2021, 134. https://www.sciencedirect.com/science/article/pii/S089543562100130X

Rakhmanov, A., Thommandru, A., & Tillaboev, S. (2024). Historical Trajectories and Modern Dynamics of Islamic Financial Law in Central Asia. International Journal of Legal Information, 52(1), 74–87. Scopus. https://doi.org/10.1017/jli.2024.15

Sakinç, İ. (2021). Analysis of the Working Capital Management Efficiency of the Manufacturing Companies in the Islamic Index. Hitit Theology Journal, 20(3), 107–128. Scopus. https://doi.org/10.14395/hid.930402

Shabbir, M. S., Rehman, A. K., & Akhtar, T. (2016). The role of Islamic leading organizations for the promotion of Islamic finance in Western countries. Journal of Internet Banking and Commerce, 21(1). Scopus. https://www.scopus.com/inward/record.uri?eid=2-s2.0-84963761771&partnerID=40&md5=c3cb2493657b8e0cef3f90e9afc1b470

Smolo, E., & Raheem, M. M. (2024). The future of Islamic finance: From shari’ah law to fintech (hlm. 297). Scopus. https://doi.org/10.1108/9781835499061

Tong, W., Ali, M., Puah, C.-H., Leong, C.-M., & Yuping, X. (2024). Islamic insurance: A review and research agenda. Journal of Financial Services Marketing, 29(4), 1464–1486. Scopus. https://doi.org/10.1057/s41264-024-00276-6

Wasim, M. H., & Zafar, M. B. (2024). Shariah governance and Islamic banks: A systematic literature review. Journal of Islamic Accounting and Business Research. Scopus. https://doi.org/10.1108/JIABR-11-2023-0386