Financial Inclusion and Islamic Banks: Bibliometric Analysis
Keywords:
Financial Inclusion, Islamic Banks, Islamic finance, Bibliometric analysisAbstract
Financial inclusion has attracted policymakers and academicians as it is helpful for economic growth and poverty alleviation. Much academic research has been conducted on financial inclusion and Islamic banks for the last ten years. This study aimed to perform a bibliometric analysis to find trends in financial inclusion and Islamic bank publications, influential countries, institutions, sources, and scholars and propose a model that could impact financial inclusion and Islamic banks. The proposed model, which includes digital finance, poverty alleviation, education, economic growth, financial inclusion, and sustainable development, is significant as it provides a comprehensive framework for understanding and addressing the challenges of financial exclusion. The study examined the intersection of financial inclusion and Islamic banks by conducting a screening on 4 June 2024. The data was collected from Scopus- a reputable database. The period covered is from 2013 to June 2024, with 242 publications published. 218 publications were analysed after the screening. The findings show that the trend of financial inclusion and Islamic bank publication has significantly increased. Malaysia is the country that has published nearly half of the publications, with the International Islamic University Malaysia (IIUM) being the highest affiliation. Top scholars in this area have been mentioned in the study. The study provides an overview to scholars on the trend of financial inclusion and Islamic banks.
Downloads
References
Abbas, A., Triani, N., Rayyani, W. O., & Muchran, M. (2023). Earnings growth, marketability and the role of Islamic financial literacy and inclusion in Indonesia. Journal of Islamic Accounting and Business Research, 14(7), 1088–1105. https://doi.org/10.1108/JIABR-12-2021-0322
Akhter, W., Majeed, M. U., & Roubaud, D. (2019). Islamic Banking and Financial Inclusion: Evidence from Asian and African Markets. Journal of Islamic Business and Management (JIBM), 09(02). https://doi.org/10.26501/jibm/2019.0902-007
Baber, H. (2020). Financial inclusion and FinTech: A comparative study of countries following Islamic finance and conventional finance. Qualitative Research in Financial Markets, 12(1), 24–42. https://doi.org/10.1108/QRFM-12-2018-0131
Banna, H., Hassan, M. K., Ahmad, R., & Alam, M. R. (2022). Islamic banking stability amidst the COVID-19 pandemic: the role of digital financial inclusion. International Journal of Islamic and Middle Eastern Finance and Management, 15(2), 310–330. https://doi.org/10.1108/IMEFM-08-2020-0389
Brekke, T. (2018). Halal money: Financial inclusion and demand for islamic banking in Norway. Research and Politics, 5(1). https://doi.org/10.1177/2053168018757624
Chhatoi, B. P., Sahoo, S. P., & Nayak, D. P. (2021). Assessing the academic journey of “financial inclusion” from 2000 to 2020 through bibliometric analysis. In Journal of Scientometric Research (Vol. 10, Issue 2, pp. 148–159). Phcog.Net. https://doi.org/10.5530/JSCIRES.10.2.29
Eid, Q. M. A., Houl, M. A. A. Al, Alqudah, M. T. S., & Almomani, M. A. A. (2023). The Role of Financial Inclusion in the Stability of Islamic Banks. International Journal of Professional Business Review, 8(4). https://doi.org/10.26668/businessreview/2023.v8i4.1214
Ghosh, M. (2024). Financial inclusion studies bibliometric analysis: Projecting a sustainable future. In Sustainable Futures (Vol. 7). Elsevier Ltd. https://doi.org/10.1016/j.sftr.2024.100160
Global Findex Database. (2021). Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19.
Hasanul Banna, & Alam Md Rabiul. (2020). Islamic Banking Efficiency and Inclusive Sustainable Growth: The Role of Financial Inclusion. Journal of Islamic Monetary Economics and Finance, 6(2), 463–486. https://doi.org/10.21098/jimf.v6i1.1089
Hassan, A. (2015). Financial inclusion of the poor: From microcredit to islamic microfinancial services. Humanomics, 31(3), 354–371. https://doi.org/10.1108/H-07-2014-0051
IFSB. (2024). Maintaining Financial Stability in a Challenging Risk Environment. www.ifsb.org
Kabiru, K., & Wan Ibrahim, W. H. B. (2020). How Does The Islamic Banking Development Spur Financial Inclusion in OIC Member Countries. Asian People Journal (APJ), 3(1), 170–185. https://doi.org/10.37231/apj.2020.3.1.181
Kamalu, K., & Ibrahim, W. H. B. W. (2021). Islamic Banking Development and Financial Inclusion in OIC Member Countries: The Moderating Role of Institutions. Journal of Islamic Monetary Economics and Finance, 7(3), 527–544. https://doi.org/10.21098/jimf.v7i3.1364
Khémiri, W., Chafai, A., Attia, E. F., Tobar, R., & Farid Fouad, H. (2024). Trade-off between financial inclusion and Islamic bank stability in five GCC countries: the moderating effect of CSR. Cogent Business and Management, 11(1). https://doi.org/10.1080/23311975.2023.2300524
Khmous, D. F., & Besim, M. (2020). Impact of Islamic banking share on financial inclusion: evidence from MENA. International Journal of Islamic and Middle Eastern Finance and Management, 13(4), 655–673. https://doi.org/10.1108/IMEFM-07-2019-0279
Kuada, J. (2019). Financial Inclusion and the Sustainable Development Goals. In Extending Financial Inclusion in Africa (pp. 259–277). Elsevier. https://doi.org/10.1016/B978-0-12-814164-9.00012-8
Masrizal, Sukmana, R., & Trianto, B. (2024). The effect of Islamic financial literacy on business performance with emphasis on the role of Islamic financial inclusion: case study in Indonesia. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-07-2022-0197
Novreska, S., & Arundina, T. (2024). The Role of Islamic Financial Inclusion in Poverty, Income Inequality, and Human Development in Indonesia. Journal of Islamic Monetary Economics and Finance, 10(1), 135–154. https://doi.org/10.21098/jimf.v10i1.1973
Sabiu, T. T., & Abduh, M. (2021). Impact of Islamic Banking Inclusion on SME Employment Growth In Nigeria. Journal of Islamic Monetary Economics and Finance, 7(1), 77–106. https://doi.org/10.21098/jimf.v7i1.1354
Saifurrahman, A., & Kassim, S. H. (2024). Regulatory issues inhibiting the financial inclusion: a case study among Islamic banks and MSMEs in Indonesia. Qualitative Research in Financial Markets, 16(4), 589–617. https://doi.org/10.1108/QRFM-05-2022-0086
Siddiqui, T. A., Naushad, M., & Farooque, M. K. U. (2021). A study on islamic finance as an approach for financial inclusion in india. Accounting, 7(2), 487–496. https://doi.org/10.5267/j.ac.2020.11.001
Suryavanshi, U., Chaudhry, R., Arora, M., & Mittal, A. (2024). Mapping the evolution of financial inclusion: a retrospective overview using bibliometric analysis. Global Knowledge, Memory and Communication. https://doi.org/10.1108/GKMC-11-2023-0452
Tahiri Jouti, A. (2018). Islamic finance: financial inclusion or migration? ISRA International Journal of Islamic Finance, 10(2), 277–288. https://doi.org/10.1108/IJIF-07-2018-0074
Tunku Abdul Rahman, T. H., Shahimi, S., & Mohd Nor, S. (2022). Does Islamic Banking Promote Financial Inclusion Among Women in OIC Member Countries? International Journal of Islamic Business, 7(1), 16–31. https://doi.org/10.32890/ijib2022.7.1.2
