Main Article Content
Abstract
Purpose – This study provides a comprehensive overview of the current state of Islamic social finance literature using VOSviewer analysis to identify key themes, trends, and emerging areas in this field.
Methodology – A bibliometric analysis was conducted using VOSviewer to map and visualize key concepts and emerging topics in the Islamic social finance literature. The analysis focuses on the term "Islamic social finance’."
Findings – The analysis confirms the foundational role of traditional concepts, such as "Islamic social finance, " in the literature and identifies emerging themes, such as the impact of Covid-19 and economic crises. These findings highlight the evolution of literature and its adaptation to contemporary global challenges.
Implications – This study underscores the need to explore how established concepts in Islamic social finance can be applied to address modern socioeconomic issues. The identification of emerging themes suggests potential areas for future research, particularly regarding how Islamic social finance can contribute to solving global challenges. For practitioners, the insights gained can serve as a guide for the development of Islamic financial products that are context-sensitive and align with both traditional principles and contemporary needs.
Originality – This study makes a unique contribution by using bibliometric analysis to map the evolving landscape of Islamic social finance research, highlighting both established and emerging areas of interest. The findings of this study provide valuable insights for future research and practical application in this field.
Keywords
Article Details
Copyright (c) 2025 Heri Sudarsono, Rindang Nuri Isnaini Nugrohowati, Mustika Noor Mifrahi, Yunice Karina Tumewang, Yeny Fitriyani, Mussolini Sinsuat Lidasan
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References
- Abubakar, J., & Aysan, A. (2021). Research trends in the field of Islamic social finance. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3917822
- Akhter, A., Javed, M. Y., & Akhter, J. (2023). Research trends in the field of Islamic social finance: a bibliometric analysis from 1914 to 2022. International Journal of Ethics and Systems. https://doi.org/10.1108/IJOES-03-2023-0044
- Apriantoro, M. S., Muthoifin, M., & Athief, F. H. N. (2023). Advancing social impact through Islamic social finance: A comprehensive bibliometric analysis. International Journal of advanced and applied sciences, 10(11), 81–89. https://doi.org/10.21833/ijaas.2023.11.011
- Ascarya, & Sakti, A. (2019). Designing micro-fintech models for Islamic micro financial institution in Indonesia, 1–65. https://publication-bi.org/repec/idn/wpaper/WP092019.pdf
- Baumgartner, H. (2010). Bibliometric reflections on the history of consumer research. Journal of Consumer Psychology, 20(3), 233–238. https://doi.org/10.1016/j.jcps.2010.06.002
- Carè, R., & Weber, O. (2023). What’s in a name? Exploring the intellectual structure of social finance. International Journal of Emerging Markets. https://doi.org/10.1108/IJOEM-07-2022-1142
- Chabowski, B. R., Samiee, S., & Hult, G. T. M. (2013). A bibliometric analysis of the global branding literature and a research agenda. Journal of International Business Studies, 44(6), 622–634. https://doi.org/10.1057/jibs.2013.20
- Delgado López-Cózar, E., Orduña-Malea, E., & Martín-Martín, A. (2019). Google Scholar as a data source for research assessment. Springer handbook of science and technology indicators, 95-127. https://doi.org/10.1007/978-3-030-02511-3_4
- Dirie, K. A., Alam, M. M., & Maamor, S. (2023). Islamic social finance for achieving sustainable development goals: a systematic literature review and future research agenda. International Journal of Ethics and Systems. https://doi.org/10.1108/IJOES-12-2022-0317
- Donohue, J. C. (1972). A bibliometric analysis of certain information science literature. Journal of the American Society for Information Science, 23(5), 313–317. https://doi.org/10.1002/asi.4630230506
- Fatima, R., Yasin, A., Liu, L., & Wang, J. (2020, July). Google Scholar vs. DBLP vs. Microsoft academic search: An indexing comparison for software engineering literature. In 2020 IEEE 44th Annual Computers, Software, and Applications Conference (COMPSAC) (pp. 1097-1098). https://doi.org/10.1109/COMPSAC48688.2020.0-122
- Ismail, N., & Aisyah, S. (2022). Islamic social finance: A bibliometric analysis. Global Review of Islamic Economics and Business, 9(2), 019. https://doi.org/10.14421/grieb.2021.092-02
- Koseoglu, M., Arıcı, H.E., & Arici, N.C. (2023). Does data curation matter in citation and co-citation analysis? Evidence from a top service journal. COLLNET Journal of Scientometrics and Information Management, 17(2), 269–287. https://doi.org/10.47974/CJSIM-2020-0011
- Kuanova, L. A., Sagiyeva, R., & Shirazi, N. S. (2021). Islamic social finance: A literature review and future research directions. Journal of Islamic Accounting and Business Research, 12(5), 707–728. https://doi.org/10.1108/JIABR-11-2020-0356
- Lanzara, F. (2021). Islamic finance as social finance: A bibliometric analysis from 2000 to 2021. International Journal of Business and Management, 16(9), 107. https://doi.org/10.5539/ijbm.v16n9p107
- Linnenluecke, M. K., Marrone, M., & Singh, A. K. (2020). Conducting systematic literature reviews and bibliometric analyses. Australian Journal of Management, 45(2), 175–194. https://doi.org/10.1177/0312896219877678
- Lyu, P., Liu, X., & Yao, T. (2023). A bibliometric analysis of literature on bibliometrics in recent half-century. Journal of Information Science. https://doi.org/10.1177/01655515231191233
- Martín-Martín, A., Orduña-Malea, E., Harzing, A. W., & López-Cózar, E. D. (2017). Can we use Google Scholar to identify highly-cited documents?. Journal of informetrics, 11(1), 152-163. https://doi.org/10.1016/j.joi.2016.11.008
- McAllister, J. T., Lennertz, L., & Atencio Mojica, Z. (2022). Mapping a discipline: A guide to using VOSviewer for bibliometric and visual analysis. Science & Technology Libraries, 41(3), 319–348. https://doi.org/10.1080/0194262X.2021.1991547
- Merigó, J. M., & Yang, J. (2017). Accounting research: A bibliometric analysis. Australian Accounting Review, 27(1), 71–100. https://doi.org/10.1111/auar.12109
- Notolegowo, H. K., Alamsyah, I. F., Saraswati, N., Jalil, B. A., & Bt Isahak Merican, F. M. (2023). Relationship between Islamic social finance and sustainable development goals: A conceptual framework. KnE Social Sciences, 197. https://doi.org/10.18502/kss.v8i18.14245
- Passas I. (2024). Bibliometric analysis: The main steps. Encyclopedia, 4(2), 1014-1025. https://doi.org/10.3390/encyclopedia4020065
- Radha, L., & Arumugam, J. (2021). The research output of bibliometrics using bibliometrix R Package and VOS Viewer. Shanlax International Journal of Arts, Science and Humanities, 9(2), 44–49. https://doi.org/10.34293/sijash.v9i2.4197
- Razak, S. H. A. (2020). Zakat and waqf as instrument of Islamic wealth in poverty alleviation and redistribution. International Journal of Sociology and Social Policy, 40(3/4), 249–266. https://doi.org/10.1108/IJSSP-11-2018-0208
- Saha, V., Mani, V., & Goyal, P. (2020). Emerging trends in the literature of value co-creation: A bibliometric analysis. Benchmarking: An International Journal, 27(3), 981–1002. https://doi.org/10.1108/BIJ-07-2019-0342
- Suzuki, Y., Pramono, S., & Rufidah, R. (2016). Islamic microfinance and poverty alleviation program: Preliminary research findings from Indonesia. Share: Jurnal Ekonomi dan Keuangan Islam, 5(1), 63. https://doi.org/10.22373/share.v5i1.910
- Syahrul Hidayat, M., Mazidah, N., Setia Aksana, D. S., & Nurhayati. (2023). Financial inclusion through Islamic microfinance: Empirical evidence from developing countries. International Journal of Scientific Research and Management (IJSRM), 11(11), 5302–5312. https://doi.org/10.18535/ijsrm/v11i11.em03
- Tijjani, B., Ashiq, M., Siddique, N., Khan, M. A., & Rasul, A. (2021). A bibliometric analysis of quality research papers in Islamic finance: Evidence from Web of Science. ISRA International Journal of Islamic Finance, 13(1), 84–101. https://doi.org/10.1108/IJIF-03-2020-0056
- Zupic, I., & Čater, T. (2015). Bibliometric methods in management and organization. Organizational Research Methods, 18(3), 429–472. https://doi.org/10.1177/1094428114562629
References
Abubakar, J., & Aysan, A. (2021). Research trends in the field of Islamic social finance. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3917822
Akhter, A., Javed, M. Y., & Akhter, J. (2023). Research trends in the field of Islamic social finance: a bibliometric analysis from 1914 to 2022. International Journal of Ethics and Systems. https://doi.org/10.1108/IJOES-03-2023-0044
Apriantoro, M. S., Muthoifin, M., & Athief, F. H. N. (2023). Advancing social impact through Islamic social finance: A comprehensive bibliometric analysis. International Journal of advanced and applied sciences, 10(11), 81–89. https://doi.org/10.21833/ijaas.2023.11.011
Ascarya, & Sakti, A. (2019). Designing micro-fintech models for Islamic micro financial institution in Indonesia, 1–65. https://publication-bi.org/repec/idn/wpaper/WP092019.pdf
Baumgartner, H. (2010). Bibliometric reflections on the history of consumer research. Journal of Consumer Psychology, 20(3), 233–238. https://doi.org/10.1016/j.jcps.2010.06.002
Carè, R., & Weber, O. (2023). What’s in a name? Exploring the intellectual structure of social finance. International Journal of Emerging Markets. https://doi.org/10.1108/IJOEM-07-2022-1142
Chabowski, B. R., Samiee, S., & Hult, G. T. M. (2013). A bibliometric analysis of the global branding literature and a research agenda. Journal of International Business Studies, 44(6), 622–634. https://doi.org/10.1057/jibs.2013.20
Delgado López-Cózar, E., Orduña-Malea, E., & Martín-Martín, A. (2019). Google Scholar as a data source for research assessment. Springer handbook of science and technology indicators, 95-127. https://doi.org/10.1007/978-3-030-02511-3_4
Dirie, K. A., Alam, M. M., & Maamor, S. (2023). Islamic social finance for achieving sustainable development goals: a systematic literature review and future research agenda. International Journal of Ethics and Systems. https://doi.org/10.1108/IJOES-12-2022-0317
Donohue, J. C. (1972). A bibliometric analysis of certain information science literature. Journal of the American Society for Information Science, 23(5), 313–317. https://doi.org/10.1002/asi.4630230506
Fatima, R., Yasin, A., Liu, L., & Wang, J. (2020, July). Google Scholar vs. DBLP vs. Microsoft academic search: An indexing comparison for software engineering literature. In 2020 IEEE 44th Annual Computers, Software, and Applications Conference (COMPSAC) (pp. 1097-1098). https://doi.org/10.1109/COMPSAC48688.2020.0-122
Ismail, N., & Aisyah, S. (2022). Islamic social finance: A bibliometric analysis. Global Review of Islamic Economics and Business, 9(2), 019. https://doi.org/10.14421/grieb.2021.092-02
Koseoglu, M., Arıcı, H.E., & Arici, N.C. (2023). Does data curation matter in citation and co-citation analysis? Evidence from a top service journal. COLLNET Journal of Scientometrics and Information Management, 17(2), 269–287. https://doi.org/10.47974/CJSIM-2020-0011
Kuanova, L. A., Sagiyeva, R., & Shirazi, N. S. (2021). Islamic social finance: A literature review and future research directions. Journal of Islamic Accounting and Business Research, 12(5), 707–728. https://doi.org/10.1108/JIABR-11-2020-0356
Lanzara, F. (2021). Islamic finance as social finance: A bibliometric analysis from 2000 to 2021. International Journal of Business and Management, 16(9), 107. https://doi.org/10.5539/ijbm.v16n9p107
Linnenluecke, M. K., Marrone, M., & Singh, A. K. (2020). Conducting systematic literature reviews and bibliometric analyses. Australian Journal of Management, 45(2), 175–194. https://doi.org/10.1177/0312896219877678
Lyu, P., Liu, X., & Yao, T. (2023). A bibliometric analysis of literature on bibliometrics in recent half-century. Journal of Information Science. https://doi.org/10.1177/01655515231191233
Martín-Martín, A., Orduña-Malea, E., Harzing, A. W., & López-Cózar, E. D. (2017). Can we use Google Scholar to identify highly-cited documents?. Journal of informetrics, 11(1), 152-163. https://doi.org/10.1016/j.joi.2016.11.008
McAllister, J. T., Lennertz, L., & Atencio Mojica, Z. (2022). Mapping a discipline: A guide to using VOSviewer for bibliometric and visual analysis. Science & Technology Libraries, 41(3), 319–348. https://doi.org/10.1080/0194262X.2021.1991547
Merigó, J. M., & Yang, J. (2017). Accounting research: A bibliometric analysis. Australian Accounting Review, 27(1), 71–100. https://doi.org/10.1111/auar.12109
Notolegowo, H. K., Alamsyah, I. F., Saraswati, N., Jalil, B. A., & Bt Isahak Merican, F. M. (2023). Relationship between Islamic social finance and sustainable development goals: A conceptual framework. KnE Social Sciences, 197. https://doi.org/10.18502/kss.v8i18.14245
Passas I. (2024). Bibliometric analysis: The main steps. Encyclopedia, 4(2), 1014-1025. https://doi.org/10.3390/encyclopedia4020065
Radha, L., & Arumugam, J. (2021). The research output of bibliometrics using bibliometrix R Package and VOS Viewer. Shanlax International Journal of Arts, Science and Humanities, 9(2), 44–49. https://doi.org/10.34293/sijash.v9i2.4197
Razak, S. H. A. (2020). Zakat and waqf as instrument of Islamic wealth in poverty alleviation and redistribution. International Journal of Sociology and Social Policy, 40(3/4), 249–266. https://doi.org/10.1108/IJSSP-11-2018-0208
Saha, V., Mani, V., & Goyal, P. (2020). Emerging trends in the literature of value co-creation: A bibliometric analysis. Benchmarking: An International Journal, 27(3), 981–1002. https://doi.org/10.1108/BIJ-07-2019-0342
Suzuki, Y., Pramono, S., & Rufidah, R. (2016). Islamic microfinance and poverty alleviation program: Preliminary research findings from Indonesia. Share: Jurnal Ekonomi dan Keuangan Islam, 5(1), 63. https://doi.org/10.22373/share.v5i1.910
Syahrul Hidayat, M., Mazidah, N., Setia Aksana, D. S., & Nurhayati. (2023). Financial inclusion through Islamic microfinance: Empirical evidence from developing countries. International Journal of Scientific Research and Management (IJSRM), 11(11), 5302–5312. https://doi.org/10.18535/ijsrm/v11i11.em03
Tijjani, B., Ashiq, M., Siddique, N., Khan, M. A., & Rasul, A. (2021). A bibliometric analysis of quality research papers in Islamic finance: Evidence from Web of Science. ISRA International Journal of Islamic Finance, 13(1), 84–101. https://doi.org/10.1108/IJIF-03-2020-0056
Zupic, I., & Čater, T. (2015). Bibliometric methods in management and organization. Organizational Research Methods, 18(3), 429–472. https://doi.org/10.1177/1094428114562629