Financial System Stability in Islamic Economic Perspective: A Bibliometric Review (2017-2021)

Noni Noni, Zaenafi Arianti, Nur Fitri Hidayanti, Ahmad Hulaimi, Ahadiah Agustina, Abdul Wahab, Novi Yanti Sandra Dewi, Adi Supriadi

Abstract


Abstract: The aim of this research is to synthesize trends, dominant themes, and research gaps in the study of financial stability from the perspective of Islamic economics during the period of 2017–2021. Employing a library research approach with an integrative literature review design, this study examines literature from four leading databases: Google Scholar, Scispace, DOAJ, and Scopus. Selection is made based on rigorous inclusion and exclusion criteria, and data analysis is conducted using thematic and bibliometric approaches. The findings indicate that research focus has shifted from measuring performance towards innovation in risk management and responses to global crises. The main themes that emerged include risk management, liquidity management, the role of regulation, and innovations in Islamic financial products. The research also highlights the importance of synergy between Sharia principles, regulatory authorities, and institutional governance in maintaining stability. This study provides a scientific mapping that is useful for academics and policymakers and recommends further exploration related to the role of Islamic fintech and cross-country comparative studies in the context of the resilience of Islamic financial systems.

Keywords


Islamic Financial Stability, Bibliometrics, Risk Management, Regulation, Islamic Economics.

Full Text:

PDF

References


Abduh, M., & Chowdhury, N. (2012). "The Impact of Islamic Banking on Financial Stability: Evidence from Indonesia." Journal of Financial Stability.

Ahmed, H. (2010). "Islamic Finance: A Practical Perspective." Islamic Economic Studies

Beck, T., Demirgüç-Kunt, A., & Merrouche, O. (2013). "Islamic vs. Conventional Banking: Business Model, Efficiency and Stability." Journal of Banking and Finance.

Bitar, M., Hassan, M. K., & Shaban, M. (2017). "The Role of Islamic Banks in Financial Stability: Evidence from the Middle East and North Africa." International Journal of Islamic and Middle Eastern Finance and Management.

Čihák, M., & Hesse, H. (2010). "Islamic Banks and Financial Stability: An Empirical Analysis." Journal of Financial Stability.

Hassan, M. K., & Melnik, A. (2019). "Islamic Banks: Resilience During Financial Crises." International Review of Finance. Islamic Financial Services Board (IFSB). (2021). "Stability Report 2021." Islamic Financial Services Board.

Mollah, M. A. & Zaman, R. (2017). "Corporate Governance and Financial Stability in Islamic Banks: A Empirical Analysis." Journal of Islamic Accounting and Business Research.

Bowen, G. A.2009). "Document Analysis as a Qualitative Research Method." Qualitative Research Journal.

Creswell, J. W., & Creswell, J. D. (2017). Research Design: Qualitative, Quantitative, and Mixed.

Cooper, H. (2010). "Research Synthesis and Meta-Analysis: A Step-by-Step Approach." The American Psychological Association.

Grant, M. J., & Booth, A. (2009). "A Typology of Reviews: An Analysis of 14 Review Types and Associated Methodologies." *Health Information & Libraries Journal.

Higgins, J. P. T., & Green, S. (2011). "Cochrane Handbook for Systematic Reviews of Interventions." Cochrane Book Series.

Kovacs, G. & Spens, K. M. (2010). "Abductive Reasoning in Logistics Research." International Journal of Physical Distribution & Logistics Management, 40(3), 228-246. [doi atau URL jika tersedia]

Mays, N., & Pope, C. (2000). "Qualitative Research in Health Care: Assessing Quality in Qualitative Research." BMJ.

Snyder, H. (2019). "Literature Review as a Research Methodology: An Overview and Guidelines." Journal of Business Research.

Torraco, R. J. (2005). "Writing Integrative Literature Reviews: Guidelines and Examples." Human Resource Development Review.

Abduh, M., & Chowdhury, N. T. (2012). Does Islamic banking matter for economic growth in Bangladesh? Journal of Islamic Economics, Banking and Finance, 8(3), 104-113.

Ahmed, H. (2010). Financial crisis: Risks and lessons for Islamic finance. ISRA International Journal of Islamic Finance, 2(1), 7-32.

Beck, T., Demirgüç-Kunt, A., & Merrouche, O. (2013). Islamic vs. conventional banking: Business model, efficiency and stability. Journal of Banking & Finance, 37(2), 433-447.

Bitar, M., Ben-Naceur, S., Ayadi, R., & Walker, T. (2017). Basel compliance and financial stability: Evidence from Islamic banks. IMF Working Paper No. 17/161.


Refbacks

  • There are currently no refbacks.