Exploring the Interconnection Between Economy, Finance, and Islamic Principles (2019–2024): Trends, Challenges, and Research Directions

Authors

  • Andri Nirwana AN Faculty of Islamic Studies, Universitas Muhammadiyah Surakarta, Surakarta, Indonesia.
  • Mahmudulhassan Mahmudulhassan Faculty of Islamic Studies, Islamic Arabic University, Dhaka, Bangladesh.
  • Muthoifin Muthoifin Faculty of Islamic Studies, Universitas Muhammadiyah Surakarta, Surakarta, Indonesia.
  • Anwar M. Radiamoda Director, MSU Shariah Center, Mindanao State University, Marawi City, Philippines.
  • Maryam Elbanna Faculty of Law, Tanta University, Tanta, Egypt.
  • Muhammad Zawil Kiram University of Sheffield, United Kingdom.
  • Abdalrahman Abulmajd Department of Faith and Contemporary believes, Islamic University of Minnesota, Minnetonka, 55343, MN, United States.
  • Munshid Falih Wadi University of Diyala, Baqubah, Governorate of Diyala, Iraq.
  • Muhammad Nurul Islam School of Information Management, Nanjing University, China.

DOI:

https://doi.org/10.53935/jomw.v2024i4.465

Keywords:

Bibliometric Analysis in Islamic Finance, Economy, Islamic Finance Trends, Islamic Principles.

Abstract

This study investigates the relationship between the Economy, Finance, and Islamic Principles from 2019 to 2024. To achieve this, a comprehensive bibliometric and visual analysis will be carried out to identify key research issues, challenges, and applications in these fields. The research employs a systematic literature review using the PRISMA technique, analyzing 10,529 documents from 3,797 journals. The approaches include visual representations created with VOSviewer that highlight co-authorship, co-citation, and keyword co-occurrence maps, as well as bibliometric analysis carried out with R Studio. As a result, publications are growing at a moderate rate of 2.86% annually, with notable contributions from eminent writers and organizations, mostly in China, the UK, and the US. The study draws attention to how prevalent themes like “finance,” “sustainable development,” and “green economy” are in the current academic conversation. A thorough grasp of the changing research scene is provided by the trend analyses, radar charts, and network maps used to show the findings. The report suggests that further research should keep examining the major issues and patterns that were found, especially in light of new difficulties that are arising in the fields of finance, economy, and Islamic principles. Subsequent research endeavors may concentrate on augmenting the comprehension of these domains and broadening the range to encompass a greater variety of geographical areas and multidisciplinary methodologies.

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Published

2024-12-30

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Articles