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

Öz

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.

Anahtar Kelimeler

• Economie Islamique
• Finance Islamique
• Takāful
• Waqf
• Zakāh

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

Öz

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.

Anahtar Kelimeler

• Islamic Economics
• Islamic Finance
• Takāful
• Waqf
• Zakāh

Kaynakça

1. Abdullah, M. (2015). “Analysing the moral aspect of qard: a shariah perspective”, International Journal of Islamic and Middle Eastern Finance and Management, 8 (2), 171-184.
2. Abedifar, P., Ebrahim, S. M., Molyneux, P., and Tarazi, A. (2015). “Islamic banking and finance: Recent empirical literature and directions for future research”, Journal of Economic Surveys, 29(4):637–670.
3. Ahmed, H., & Salleh, A. M. H. A. P. M., (2016). “Inclusive Islamic financial planning: a conceptual framework”, International Journal of Islamic and Middle Eastern Finance and Management, 9 (2), p. 170–189.
4. Al Ansari, R., & Alanzarouti, F. (2020). ESG and Islamic Finance: An Ethical Bridge Built on Shared Values. Journal of Islamic Financial Studies, 6(1).
5. Ali, S. N., & Syed, A. R., (2010). “Post-9/11 perceptions of Islamic finance”, International Research Journal of Finance and Economics, 39, p. 27–39.
6. Al-Raysuni, A. (2006). Imam al-Shatibi’s theory of the higher objectives and intents of Islamic law. The Other Press, 2006.
7. Al-Salem, F. H., (2009). “Islamic financial product innovation”, International Journal of Islamic and Middle Eastern Finance and Management, 2 (3), p. 187–200.
8. Amin, M., & Isa, Z., (2008). “An examination of the relationship between service quality perception and customer satisfaction: A SEM approach towards Malaysian Islamic banking”, International Journal of Islamic and Middle Eastern Finance and Management, 1(3), p. 191–209.

9. Amirzadeh, R., & Reza Shoorvarzy, M., (2013). “Prioritizing service quality factors in Iranian Islamic banking using a fuzzy approach”, International Journal of Islamic and Middle Eastern Finance and Management, 6(1), p. 64–78.
10. Archer, S., & Karim, R. A. A., (2006). “On capital structure, risk sharing and capital adequacy in Islamic banks”, International Journal of Theoretical and Applied Finance, 9(03), p. 269–280.
11. Arundina, T., Omar, M. A., & Kartiwi, M., (2015). “The predictive accuracy of Sukuk ratings; multinomial logistic and neural network inferences”, Pacific-Basin Finance Journal, 34, p. 273–292.
12. Askari, H., Iqbal, Z., & Mirakhor, A. (2014). Introduction to Islamic economics: Theory and application. John Wiley & Sons.
13. Azad, A. S. M. S., Azmat, S., Chazi, A., & Ahsan, A., (2018). “Can Islamic banks have their own benchmark?”, Emerging Markets Review, 35, p. 120–136.
14. Baele, L., Farooq, M., & Ongena, S., (2014). “Of religion and redemption: Evidence from default on Islamic loans”, Journal of Banking & Finance, 44, p. 141–159.
15. Billah, M. M. S., Ghlamallah, E., & Alexakis, C. (2019). Encyclopedia of Islamic insurance, takaful and retakaful. Edward Elgar Publishing.
16. Boulakia, J. D. C. (1971). “Ibn Khaldun: A Fourteenth-Century Economist”, The Journal of Political Economy 79:5, p. 1105–1118.
17. Chapra, M. U. (1996). Qu’est-ce que l’économie islamique ? Série de conférence d’éminents érudits n° 10, Institut Islamique de Recherche et de Formation, Banque Islamique de Développement, Djeddah, Arabie saoudite.
18. Chapra, M. U., (1997). Vers un système monétaire juste, Banque Islamique de Développement. Djeddah, Arabie saoudite.
19. Chapra, M. U., (2008). « The Islamic vision of development in the light of Maqâsid Al- Sharia’ah », Collected seminar papers (2011–2012), Collection Éthique et Normes de la Finance, Institut de Recherche Juridique de la Sorbonne, IRJS Éditions, Paris, France, p. 113-127.
20. Chapra, M. U., (2015). Muslim civilization: The causes of decline and the need for reform, Kube Publishing Ltd.
21. Chapra, M., & Whaples, R. (2008). “Islamic economics: what it is and how it developed”. EH. Net Encyclopedia.
22. Choudhury, M. A., (2018). “Micro-money, finance and real economy interrelationship in the framework of Islamic ontology of unity of knowledge and the world-system of social economy”, International Journal of Social Economics, 45 (2), p. 445–462.
23. Derigs, U., & Marzban, S., (2008). “Review and analysis of current Shariah-compliant equity screening practices”, International Journal of Islamic and Middle Eastern Finance and Management, 1 (4), p. 285–303.
24. Ead, H. A., & Eid, N. H., (2014). “Between Ibn Khaldun and Adam Smith (Fathers of Economics)”, IOSR Journal of Business and Management, 16(3), p. 54–56.
25. Gheeraert, L., (2014). “Does Islamic finance spur banking sector development?”, Journal of Economic Behavior & Organization, 103, p. 4-20.
26. Ghlamallah, E., Alexakis, C., Dowling, M. and Piepenbrink, A. (2021). “The topics of Islamic economics and finance research”, International Review of Economics & Finance, Vol. 75 No. C, pp. 145–160.
27. Ghlamallah, E. (2022). Islam & éthique des affaires économiques et financières, Collection du Centre d’éthique économique, Presses Universitaires d’Aix-Marseille.
28. Ghlamallah, E. (2022). « Les Remèdes Aux Crises Environnementales Et Financières Offerts Par l’Économie Islamique ». Journal of Islamic Economics, 2 (1), 1-23.
29. Ghoul, W., (2008). “Risk management and Islamic finance: Never the twain shall meet?”, The Journal of Investing, 17 (3), p. 96–104.
30. Godlewski, C. J., Turk-Ariss, R., & Weill, L., (2011). “Do the type of sukuk and choice of shari’a scholar matter?”, Journal of Economic Behavior & Organization, 132, 2016, p. 63–76.
31. Hasan, Z. (2017). “Growth, environment and Islam”, MPRA Paper, No. ².
32. Hassan, M. K., Sanchez, B., & Yu, J. S., (2011). “Financial development and economic growth in the organization of Islamic conference countries”, Journal of King Abdulaziz University: Islamic Economics, 362 (3068), 2011, p. 1–56.
33. Hayat, U., & Malik, A. (2014). “Islamic Finance: ethics, concepts, practice”, Practice. CFA Institute Research Foundation.
34. Ibn Rochd, (1179). Discours décisif, trad. fr. Léon Gauthier, Sindbad, 1988.
35. Ibn Khaldoun, A. (1377). Le Livre des Exemples. I Autobiographie, Muqaddima, texte traduit, présenté et annoté par CHEDDADI, A. (2002), Bibliothèque de la Pléiade, Nouvelle Revue Française, Éditions Gallimard, Paris, France.
36. ICD—Refinitiv, (2020). Shifting dynamics Islamic Finance Development Report, Djeddah, Arabie saoudite.
37. Ismail, A. G., & Tohirin, A. (2010). “Islamic law and finance”, Humanomics, 26 (3), 2010, p. 178–199.
38. Jinjiri Ringim, K. (2014). “Perception of Nigerian Muslim account holders in conventional banks toward Islamic banking products”, International Journal of Islamic and Middle Eastern Finance and Management, 7 (3), p. 288–305.
39. Kader, H. A., Adams, M., Hardwick, P., & Kwon, W. J., (2014). “Cost efficiency and board composition under different takaful insurance business models”, International Review of Financial Analysis, 32, p. 60–70.
40. Kadir, M. R. A., Surbaini, K. N., & Ramli, J. A., (2009). “Undergraduates’ selection towards islamic banking in dual banking environment: An empirical study “, Malaysian Journal of Consumer and Family Economics, 12(1), p. 27–39.
41. Kahf, M., (2004). “Islamic economics: what went wrong”, Islamic Development Bank Roundtable on Islamic Economics: Current State of Knowledge and Development of the Discipline, Jeddah, KSA, p. 26–27.
42. Katper, N. K., Madun, A., & Syed, K. B. S., (2015). “Does Shariah Compliance lead to Managerial Trustworthiness? Evidence from empirical analysis of Capital Structure of Shariah and Non-Shariah Firms in Pakistan”, Journal of Applied Economic Sciences, 10(7), p. 37.
43. Kasi, U., & Muhammad, J., (2018). “Design, qualification and Shariah governance of stock screening methodologies in selected Gulf Cooperation Council (GCC) countries in comparison with the United States”, Qualitative Research in Financial Markets, 10(2), p. 189–209.
44. Kayed, R. N. & Hassan, M. K., (2011). “The global financial crisis and Islamic finance”, Thunderbird International Business Review, 53(5), p. 551–564.
45. Khan, H. (2015). “Optimal incentives for takaful (Islamic insurance) operators”, Journal of Economic Behavior & Organization, 109, p. 135–144.
46. Kuran, T. (1995). “Islamic economics and the Islamic sub economy”, Journal of Economic perspectives, 9(4):155–173.
47. Mac Caffrey, J., (2014). “Ibn Khaldun: The Forgotten Father of Economics”, ISOR Journal of Business and Management, 16(3), 2014, p. 1–3.
48. Majid, A., Shabri, M., Musnadi, S., & Putrab, I. Y., (2014). “A Comparative Analysis of the Quality of Islamic and Conventional Banks’ Asset Management in Indonesia”, Gadjah Mada International Journal of Business, 16(2).
49. Mallin, C., Farag, H., & Ow-Yong, K., (2014). “Corporate social responsibility and financial performance in Islamic banks”, Journal of Economic Behavior & Organization, 103, p. 21–38.
50. Markom, R., Pitchay, S. A., Zainol, Z. A., Rahim, A. A., & Merican, R. M. A. R. (2013). “Adjudication of Islamic banking and finance cases in the civil courts of Malaysia”, European Journal of Law and Economics, 36(1), 2013, p. 1–34.
51. Muhammad Khan Ghauri, S., & Sabah Obaid Qambar, A., (2012). “Rewards in faith-based vs conventional banking”, Qualitative Research in Financial Markets, 4 (2/3), p. 176–196.
52. Musse, O., Echchabi, A., & Abdulaziz, H., (2015). “Islamic and conventional behavioral finance: A critical review of literature”, Journal of King Abdulaziz University: Islamic Economics, 28(2).
53. Naughton, S. & Naughton, T., (2000). “Religion, ethics and stock trading: The case of an Islamic equities market”, Journal of Business Ethics, 23(2), p. 145–159.
54. Othman, R., & Ameer, R., (2015). “Conceptualizing the duties and roles of auditors in Islamic financial institutions: what makes them different?”, Humanomics, 31(2), p. 201–213.
55. Oweiss, I. M., (1988). “Ibn Khaldun, the father of economics”, Arab civilization: Challenges and responses, p. 112–127.
56. Pomeranz, F., (1997). “The accounting and auditing organization for Islamic financial institutions: An important regulatory debut”, Journal of International Accounting, Auditing and Taxation, 6(1), p. 123–130.
57. Presley, J. R. & Sessions, J. G., (1994). “Islamic economics: The emergence of a new paradigm”, The Economic Journal, 104 (424), p. 584–596.
58. Rehman, S. S., & Askari, H., (2010). “How Islamic are Islamic Countries?”, Global Economy Journal, 10(2).
59. Safieddine, A., (2009). “Islamic financial institutions and corporate governance: New insights for agency theory”, Corporate Governance: An International Review, 17(2), p. 142–158.
60. Sain, M. R. M., Rahman, M. M., & Khanam, R., (2016). “Financial exclusion in Australia: can Islamic finance minimise the problem?”, Australasian Accounting, Business and Finance Journal, 10(3), p. 89–104.
61. Salma, L., & Younes, B., (2014). “Market power vs. financial stability: evidence from the MENA region’s Islamic and conventional banking industries”, International Journal of Monetary Economics and Finance, 7(3), p. 229–247.
62. Setiawan, B., Panduwangi, M., & Sumintono, B., (2018). “A Rasch analysis of the community’s preference for different attributes of Islamic banks in Indonesia”, International Journal of Social Economics, 45(12), p. 1647–1662.
63. Smaoui, H., & Nechi, S., (2017). “Does sukuk market development spur economic growth?”, Research in International Business and Finance, 41, p. 136–147.
64. Vinnicombe, T. (2010). “AAOIFI reporting standards: Measuring compliance”, Advances in Accounting, 26(1), p. 55–65.
65. Wahab, A. R. A., Lewis, M. K., & Hassan, M. K., (2007). “Islamic takaful: Business models, shariah concerns, and proposed solutions”, Thunderbird International Business Review, 49(3), 2007, p. 371–396.
66. Williams, G., & Zinkin, J. (2010). Islam and CSR: A study of the compatibility between the tenets of Islam and the UN Global Compact. Journal of business ethics, 91(4), 519–533.
67. Wilson, J. A., & Grant, J., (2013). “Islamic marketing—a challenger to the classical marketing canon?”, Journal of Islamic Marketing.
68. Zaher, T. S. and Kabir Hassan, M. (2001). “A comparative literature survey of Islamic finance and banking”. Financial Markets, Institutions & Instruments, 10(4):155–199.
69. Zaman, Q. U., Hassan, M. K., Akhter, W., & Meraj, M. A., (2018). “From interest tax shield to dividend tax shield: A corporate financing policy for equitable and sustainable wealth creation”, Pacific-Basin Finance Journal, 52, p. 144–162.