Literature Synthesis and Structure of the Research Field in Islamic Economics and Finance

Year 2024, Volume: 4 Issue: 1, 17 - 38, 15.01.2024

Ezzedine Ghlamallah

https://doi.org/10.55237/jie.1295653

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.

Keywords

Islamic Economics, Islamic Finance, Takāful, Waqf, Zakāh

Synthèse de la Littérature et Structuration du Champ de Recherche en Économie et Finance Islamiques

Abstract

Depuis le début du XXIe siècle, on remarque une accélération significative de la recherche en économie et finance islamiques. Cette progression présente des défis en matière de compréhension des directions dans lesquelles la recherche se développe et d’identification des thèmes principaux du champ. L’originalité de cet article est qu’il se fonde à la fois sur des textes fondateurs anciens tels que ceux d’Ibn Rochd (1179) ou d’Ibn Khaldoun (1377) mais aussi sur une étude des publications les plus récentes en économie et finance islamiques (1971-2022). Après analyse et synthèse de la littérature, nous avons été en mesure d’identifier 30 sous-thèmes qui constituent la synthèse actuelle de la recherche en économie et finance islamiques. Nous avons fait le choix de structurer ces 30 sous-thèmes et de les regrouper en cinq thématiques : économie islamique, gouvernance et conformité à la Sharī’ah, finance islamique, Takāful et finance philanthropique et études comportementales et marketing. La contribution de cet article peut donc être résumée comme fournissant une synthèse de la littérature ainsi qu’une structuration du champ de recherche en économie et finance islamiques et permet aussi indirectement de découvrir les sous-thèmes non couverts. Nous identifions trois défis auxquels la recherche en économie et finance islamiques est actuellement confrontée : le manque de données disponibles pour étayer les études empiriques, le développement insuffisant de l’économie islamique qui a pris beaucoup de retard par rapport au développement de la finance islamique et la visibilité de la recherche en économie et finance islamiques.

Keywords

Economie Islamique, Finance Islamique, Takāful, Waqf, Zakāh

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