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Literature Synthesis and Structure of the Research Field in Islamic Economics and Finance
[Synthèse de la Littérature et Structuration du Champ de Recherche en Économie et Finance Islamiques]

Author

Listed:
  • Ezzedine Ghlamallah

    (CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon)

Abstract

Since the beginning of the 21st century, there has been a significant acceleration in research on Islamic economics and finance. This progression presents challenges in terms of understanding the directions in which research is developing and identifying the main themes of the field. The originality of this article lies in the fact that it is based both on ancient founding texts, such as those of Ibn Rochd (1179) and Ibn Khaldun (1377), and on a study of the most recent publications in Islamic economics and finance (1971-2022). After analyzing and synthesizing the literature, we identified 30 sub-themes that constitute the current synthesis of research in Islamic economics and finance. We have chosen to structure these 30 sub-themes and group them into five themes: Islamic economics, governance and Sharī'ah compliance, Islamic finance, Takāful and philanthropic finance, and behavioural studies and marketing. The contribution of this article can, therefore, be summarized as providing a synthesis of the literature as well as a structuring of the field of research in Islamic economics and finance, and also indirectly allowing us to uncover sub-themes not covered. We identify three challenges currently facing research in Islamic economics and finance: the lack of data available to support empirical studies, the insufficient development of Islamic economics, which has lagged far behind the development of Islamic finance, and the visibility of research in Islamic economics and finance.

Suggested Citation

  • Ezzedine Ghlamallah, 2024. "Literature Synthesis and Structure of the Research Field in Islamic Economics and Finance [Synthèse de la Littérature et Structuration du Champ de Recherche en Économie et Finance Islamiques]," Post-Print hal-04396474, HAL.
    • Handle: RePEc:hal:journl:hal-04396474
    DOI: 10.55237/jie.1295653
    Note: View the original document on HAL open archive server: https://hal.science/hal-04396474
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    References listed on IDEAS

    as
    1. Habib Ahmed & Ak Md Hasnol Alwee Pg Md Salleh, 2016. "Inclusive Islamic financial planning: a conceptual framework," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 9(2), pages 170-189, June.
    2. Pejman Abedifar & Shahid M. Ebrahim & Philip Molyneux & Amine Tarazi, 2015. "Islamic Banking And Finance: Recent Empirical Literature And Directions For Future Research," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 637-670, September.
    3. Rasoul Amirzadeh & Mohammad Reza Shoorvarzy, 2013. "Prioritizing service quality factors in Iranian Islamic banking using a fuzzy approach," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 6(1), pages 64-78, March.
    4. Habib Ahmed & Ak Md Hasnol Alwee Pg Md Salleh, 2016. "Inclusive Islamic financial planning: a conceptual framework," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 9(2), pages 170-189, June.
    5. Mohammad Abdullah, 2015. "Analysing the moral aspect of qard: a shariah perspective," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 8(2), pages 171-184, June.
    6. Mohammad Abdullah, 2015. "Analysing the moral aspect of qard: a shariah perspective," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 8(2), pages 171-184, June.
    7. Rasoul Amirzadeh & Mohammad Reza Shoorvarzy, 2013. "Prioritizing service quality factors in Iranian Islamic banking using a fuzzy approach," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 6(1), pages 64-78, March.
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