Identification of Research Trends in Islamic Financial Product Innovation

Authors

  • Loso Judijanto IPOSS Jakarta, Indonesia
  • Eko Sudarmanto Universitas Muhammadiyah Tangerang
  • Iwan Harsono Universitas Mataram Indonesia
  • Chairil Afandy Universitas Bengkulu
  • Muhammad Lucky Universita Islam Negeri Sunan Kalijaga Yogyakarta

DOI:

https://doi.org/10.58812/wsis.v2i02.680

Keywords:

Islamic Financial, Product Innovation, Bibliometric Analysis

Abstract

This bibliometric analysis delves into the burgeoning discourse surrounding sustainable entrepreneurship's role in addressing challenges within the circular economy framework. By synthesizing a vast array of scholarly literature spanning from 2006 to 2024, the study provides comprehensive insights into the intersection of these two pivotal areas. Through quantitative techniques such as co-citation analysis and keyword co-occurrence analysis, the analysis uncovers prominent themes, research clusters, and intellectual structures within the field. The results reveal a robust body of research exploring various dimensions of sustainable entrepreneurship and the circular economy, ranging from theoretical underpinnings to practical implications. Furthermore, the study identifies influential works and emerging trends, offering valuable guidance for future research directions. This research not only enriches our understanding of how sustainable entrepreneurship can contribute to a circular economy but also holds significant implications for academia, industry, and policymaking by informing strategic decision-making and inspiring innovative practices aimed at fostering sustainability and resilience in a rapidly changing world.

References

P. W. Zgheib and L. I. Massalkhy, “Entrepreneurial Innovation in Islamic Banking,” in Entrepreneurship and Business Innovation in the Middle East, IGI Global, 2017, pp. 286–313.

R. M. Radzi, “Evolution in the Sukuk (Islamic bonds) structure: how do market demands and Shariah (Islamic law) solutions shape them,” J. Islam. Bank. Financ., vol. 6, no. 1, pp. 16–28, 2018.

E. Aslam, F. Bhatti, A. Rehman, A. Iqbal, and M. Shabbir, “Accelerating Choices: Key Factors Shaping Car Ijarah Adoption in Pakistan,” Int. J. Recent Innov. Trends Comput. Commun., vol. 11, pp. 244–253, Nov. 2023, doi: 10.17762/ijritcc.v11i11.9387.

M. S. Antonio, “Equity Market & Islamic Finance: Innovation and Product Development,” Ekon. Islam Indones., vol. 5, no. 2, 2023.

H. Qudah, S. Malahim, R. Airout, M. Alomari, A. A. Hamour, and M. Alqudah, “Islamic Finance in the Era of Financial Technology: A Bibliometric Review of Future Trends,” Int. J. Financ. Stud., vol. 11, no. 2, p. 76, 2023.

H. Nawaz, “An investigation into factors that determine the growth rate in the Islamic banking and finance,” Futur. Bus. J., vol. 5, no. 1, p. 1, 2019.

S. G. Glavina and R. R. Asmiatullin, “Digital Currencies: Opportunities in Islamic Finance,” in Научное и образовательное пространство в условиях вызовов современности, 2023, pp. 128–135.

S. G. Glavina and R. R. Asmyatullin, “The Fourth Industrial Revolution In Islamic Finance: The Case Of Digital Currencies Of Central Banks,” Int. Trade Trade Policy, vol. 9, no. 4, 2024.

A. Kusnandar, “Credit risk in Islamic banking: A literature study,” Int. J. Financ. Bank. Stud., vol. 11, no. 3, pp. 21–26, 2022.

M. Mustakim, S. N. S. M. Zameri, S. K. Ngabdullah, M. F. M. Hatta, and M. N. Jaafar, “4YOUTH TAKAFUL IN ISLAMIC INSURANCE INDUSTRY: TECHNOLOGY AND LIFESTYLES,” Management, vol. 8, no. 33, pp. 139–164.

M. Munir, R. A. Arifah, and K. Dewi, “Does Islamic microfinance indeed base on sharia-compliant? the shreds of evidence report in Ogan Komering Ilir regency, South Sumatera, Indonesia,” J. Econ. Res. Soc. Sci., vol. 5, no. 2, pp. 181–188, 2021.

D. M. Trisnaningtias, J. N. Elquthb, and I. P. Rachmadewi, “The Influence of Product and Price to Customer Satisfaction: Case Study at Sharia Compliant Hotel,” in 2021 International Conference on Sustainable Islamic Business and Finance, IEEE, 2021, pp. 39–43.

P. Pietro Biancone, S. Secinaro, and M. Kamal, “Crowdfunding and Fintech: business model sharia compliant,” Eur. J. Islam. Financ., no. 12, 2019.

M. I. S. Mihajat, “Hybrid Contract in Islamic Banking and Finance: A Proposed Shariah Principles and Parameters for Product Development,” EJBM-Special Issue Islam. Manag. Bus., vol. 2, no. 2, 2014.

S. M. Hailu, A. Kapusuzoglu, and N. B. Ceylan, “The Role of Islamic Financial Product Innovation in Reduction of Financial Exclusion in Ethiopia,” in Handbook of Research on Managerial Thinking in Global Business Economics, IGI Global, 2019, pp. 426–446.

F. H. Al‐Salem, “Islamic financial product innovation,” Int. J. Islam. Middle East. Financ. Manag., vol. 2, no. 3, pp. 187–200, 2009.

N. I. Chaudhry, M. A. Roomi, and S. Dar, “Barriers to financial product innovation in Islamic banks in Pakistan: an interpretive structural modeling approach,” J. Islam. Account. Bus. Res., vol. 11, no. 2, pp. 346–360, 2020.

A. R. Samsudin, “Product Innovation of Islamic Financial Institutions,” Int. J. Nusant. Islam, vol. 4, no. 1, pp. 29–38, 2016.

K. R. Okur and S. Kayadibi, “Taxation Of Sukuk In Turkey: As An Alternative Financial Product,” J. Islam. Econ. Philanthr., vol. 6, no. 1, p. 41, 2023.

Downloads

Published

2024-02-27

How to Cite

Judijanto, L., Sudarmanto, E., Harsono, I., Afandy, C., & Lucky, M. (2024). Identification of Research Trends in Islamic Financial Product Innovation. West Science Interdisciplinary Studies, 2(02), 467–474. https://doi.org/10.58812/wsis.v2i02.680