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The topics of Islamic economics and finance research

Ezzedine Ghlamallah, Christos Alexakis, Michael Dowling and Anke Piepenbrink

International Review of Economics & Finance, 2021, vol. 75, issue C, 145-160

Abstract: We provide a comprehensive structuring of research on Islamic economics and finance into the core topics of the area, for the period 1979 to 2018. This is carried out through a probabilistic topic modeling approach that allows statistical learning of the connection between research articles as well as their shared topics. This approach, which blends machine learning and natural language processing, helps provide a comprehensive structure to the literature. Our topic modeling analysis is conducted on approximately 1500 articles, and suggests the Islamic economics and finance literature can be well-described by 11 topics. These topics cover economic, finance, and morality issues. Our research can be applied to provide a clear structure for ongoing research agendas in Islamic economics and finance as well as a framework for understanding research development in this area. We also note the differences between Islamic and conventional approaches to economics and finance research in order to highlight the inherent new contributions of this maturing area of research.

Keywords: Topic modeling; Latent Dirichlet Allocation; Islamic finance; Systematic review (search for similar items in EconPapers)
JEL-codes: E44 G15 G21 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:75:y:2021:i:c:p:145-160

DOI: 10.1016/j.iref.2021.04.006

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