Research trends in the field of Islamic social finance: a bibliometric analysis from 1914 to 2022

Afaf Akhter, Mohd Yousuf Javed and Javaid Akhter

International Journal of Ethics and Systems, 2023, vol. 41, issue 2, 455-483

Abstract: Purpose - This study aims to present a bibliometric analysis of Islamic social finance (ISF) by addressing gaps in the existing research, exploring the current trends of publications and determining possible future research directions in this field. Design/methodology/approach - Relevant bibliometric data of published research during 1914–2022 was extracted from the Scopus database and 1,355 studies were considered for the analysis. Biblioshiny app from RStudio, VOSviewer and Microsoft Excel were the tools used for analysis. Findings - The identified current research streams are management and distribution of ISF funds especially zakat through fintech; governance and accountability of ISF institutions; Islamic microfinance for poverty alleviation and financial inclusion; ISF for promoting sustainable development and achieving United Nations sustainable development goals; waqf endowments and cash waqf; and Islamic charities. The identified themes for future research directions are Islamic fintech, integration of ISF, sustainable development, economic recovery, social entrepreneurship, sustainable ISF ecosystem and supporting refugees. Practical implications - It provides extensive and up-to-date literature on the current trends in ISF and future research themes which can be useful for researchers, professionals and policymakers in the field. Social implications - The findings of this research contribute to the solutions to socio-economic challenges and support sustainable development through ISF. Originality/value - To the best of the authors’ knowledge, this research is one of the first attempt to provide a pervasive bibliometric review on ISF by including various aspects of ISF and extending the study period to more than 100 years.

Keywords: Islamic social finance; Zakat; Waqf; Islamic microfinance; Bibliometric analysis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijoesp:ijoes-03-2023-0044

DOI: 10.1108/IJOES-03-2023-0044

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