ISSN: 2222-6990
Open access
In recent years, the field of Islamic wealth management has garnered increasing research interest, driven by the sector's substantial growth and its unique appeal to ethical investors. This study investigates research trends focusing on Islamic wealth management. Using bibliometric analysis, this study fills an essential void by mapping the intellectual structure of Islamic wealth management research and suggesting future research directions. A total of 452 articles were collected from the Web of Science (WoS) database. This study analyses the data using RStudio, VOSviewer, and Microsoft Excel. The results of this study identify the leading academic authors, journals, institutions, and countries in Islamic wealth management research. The study finds that M. Kabir Hassan is the most relevant author, the International Islamic University Malaysia (IIUM) is the most relevant institution, Malaysia is the most relevant country, and the Journal of Islamic Accounting and Business Research is the most relevant journal. Furthermore, there are five main topics, including the concept of Islamic wealth management, Islamic finance, Islamic banking, waqf, and risk management. This study identifies research gaps in the existing literature on Islamic wealth management.
Abdel Megeid, N. S. (2017). Liquidity risk management: Conventional versus Islamic banking system in Egypt. Journal of Islamic Accounting and Business Research, 8(1). https://doi.org/10.1108/JIABR-05-2014-0018
Alam, N., Gupta, L., & Shanmugam, B. (2017). Islamic finance: A practical perspective. In Islamic Finance: A Practical Perspective. https://doi.org/10.1007/978-3-319-66559-7
Amanda, F., Possumah, B. T., & Firdaus, A. (2018). Consumerism in personal finance: An Islamic wealth management approach. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 10(2). https://doi.org/10.15408/aiq.v10i2.5518
Aria, M., & Cuccurullo, C. (2017). Bibliometrix: An R-tool for comprehensive science mapping analysis. Journal of Informetrics, 11(4). https://doi.org/10.1016/j.joi.2017.08.007
Basah, S., & Tahir, P. R. (2019). Towards acceptance of Islamic wealth management. Journal of Islamic, Social, Economics and Development (JISED), 4(24).
Dinc, Y., & Saiti, B. (2018). Management of Islamic finance: Principle, practice, and performance. Emerald, 19.
Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W. M. (2021). How to conduct a bibliometric analysis: An overview and guidelines. Journal of Business Research, 133. https://doi.org/10.1016/j.jbusres.2021.04.070
El-Hawary, D., Grais, W., & Iqbal, Z. (2007). Diversity in the regulation of Islamic financial institutions. Quarterly Review of Economics and Finance, 46(5).
https://doi.org/10.1016/j.qref.2006.08.010
Hasan, M., & Dridi, J. (2011). The effects of the global crisis on Islamic and conventional banks: A comparative study. Journal of International Commerce, Economics and Policy, 2(2). https://doi.org/10.1142/S1793993311000270
Ihsan, A., Nur, A., & Kadir, S. (2022). Islamic wealth management and corporate governance. El-Qish: Journal of Islamic Economics, 2(2).
https://doi.org/10.33830/elqish.v2i2.4158.2022
Ismail, N., & Cahyo, E. N. (2017). The role of Islamic bank as providers of Islamic wealth management in enhancing the potential of waqf funds. Al-Iktisab: Journal of Islamic Economic Law, 1(1). https://doi.org/10.21111/al-iktisab.v1i1.2381
Kholis, N., Syahrial, M., Fandi Atmaja, F., & Asyrof, M. N. (2022). Islamic wealth management: Qur’anic approach. KnE Social Sciences. https://doi.org/10.18502/kss.v7i10.11348
Mahadi, N. A., Mazli, S. A., & Muneeza, A. (2019). Islamic financial wealth management: empowering women in Islamic societies. International Journal of Management and Applied Research, 6(3). https://doi.org/10.18646/2056.63.19-008
Mahmud, M. S., Foziah, H., Ghazali, P. L., Rashid, N. M. N. N. M., & Yazid, A. S. (2019). Islamic wealth management towards retirement planning among private sector workforce in Malaysia. International Journal of Recent Technology and Engineering, 8(3). https://doi.org/10.35940/ijrte.C5841.098319
Mukhtar, A., & Butt, M. M. (2012). Intention to choose Halal products: The role of religiosity. Journal of Islamic Marketing, 3(2). https://doi.org/10.1108/17590831211232519
Nawaz, T., & Haniffa, R. (2017). Determinants of financial performance of Islamic banks: An intellectual capital perspective. Journal of Islamic Accounting and Business Research, 8(2). https://doi.org/10.1108/JIABR-06-2016-0071
Nurasyiah, A., Syamputri, D., Al Adawiyah, R. A., Mahri, A. J. W., & Ismail, A. G. (2022). Islamic wealth management: Ensuring the prosperity of Muslim households of MSMEs during Covid-19. International Journal of Ethics and Systems. https://doi.org/10.1108/IJOES-09-2021-0165
Paltrinieri, A., Hassan, M. K., Bahoo, S., & Khan, A. (2020). A bibliometric review of sukuk literature. International Review of Economics and Finance.
https://doi.org/10.1016/j.iref.2019.04.004
Siddiqui, A. (2008). Financial contracts, risk and performance of Islamic banking. Managerial Finance, 34(10). https://doi.org/10.1108/03074350810891001
Sugianto. (2019). Pengelolaan harta masyarakat kelas menengah muslim Kota Medan dengan pendekatan Islamic wealth management. Human Falah: Jurnal Ekonomi Dan Bisnis Islam, 6(1).
Swadjaja, I., Sawarjuwono, T., & Ludigdo, U. (2019). Model of Islamic wealth management based on Maqasid Al-Shariah. Journal of Innovation in Business and Economics, 3(2). https://doi.org/10.22219/jibe.v3i02.7465
Uula, M. M., & Devi, A. (2021). Research map on Islamic wealth management studies. Fara’id and Wealth Management, 1(1). https://doi.org/10.58968/fwm.v1i1.139
Van Eck, N. J., & Waltman, L. (2010). Software survey: VOSviewer, a computer program for bibliometric mapping. Scientometrics, 84(2), 523–538. https://doi.org/10.1007/s11192-009-0146-3
Ninglasari, S. Y., Bramanti, G. W., Himmawan, M. F., & Cempaka, S. D. (2024). Research Trends in Islamic Wealth Management: A Bibliometric Review. International Journal of Academic Research in Business and Social Sciences, 14(12), 1681–1693.
Copyright: © 2024 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode