International Journal of Academic Research in Business and Social Sciences

search-icon

Risk Management in Islamic Thought: A Bibliometric Review of Key Concepts and Trends

Open access

Sultan Saif Abdullah Al Mamari, Suhaili Bin Sarif, Amer Abdulwahab Mahyoub Murshed, Mohd Rizal Bin Muwazir @ Mukhazir Asmuliadi Lubis, Raja Hisyamudin Bin Raja Sulong, Abdullah Hamad Abdullah Al Harthi, Jabar Mohammed Ziyad Al Mamari, Mohammed Said Ali Eisaei

Pages 615-628 Received: 15 Jul, 2024 Revised: 14 Aug, 2024 Published Online: 11 Sep, 2024

http://dx.doi.org/10.46886/IJARBSS/v14-i9/11563
Objective: This study conducts a bibliometric analysis of risk management within Islamic thought, focusing on publications from 2003 to 2023. The goal is to identify key contributors, institutions, and research themes that have shaped this field over the past two decades. Methods: A comprehensive search was performed using the Scopus database, employing keywords related to risk management and Islamic finance. The search yielded 909 documents, which were screened down to 337 relevant studies. These were analyzed using bibliometric techniques to map out trends, influential authors, institutions, and prominent research terms. Results: The findings reveal that Malaysia, Indonesia, and the United States are the leading contributors to this field, with institutions like the International Islamic University Malaysia and INCEIF University at the forefront. Prominent authors such as M. Kabir Hassan and Simon N. Archer have made substantial contributions. Key research terms include “liquidity risk,” “capital adequacy,” and “Shariah compliance,” reflecting the unique challenges Islamic financial institutions face in managing risk. Conclusion: This analysis provides valuable insights into the global and interdisciplinary nature of risk management in Islamic thought. Moving forward, the field will benefit from further exploration of regional practices, the inclusion of non-academic sources, and the development of innovative, Shariah-compliant financial tools to address modern challenges.
Ahmed, H., & Khan, T. (2015). Risk management in Islamic banking: A conceptual framework. Journal of Islamic Banking and Finance, 32(4), 12-24.
Al-Sayed, M., & Fayed, A. (2017). Islamic banking and financial crisis: The role of risk management. International Journal of Islamic and Middle Eastern Finance and Management, 10(1), 32-48. https://doi.org/10.1108/IMEFM-01-2016-0012
Blanchard, O. J., & Leigh, D. (2013). Growth forecast errors and fiscal multipliers. American Economic Review, 103(3), 117-120. https://doi.org/10.1257/aer.103.3.117
Chapra, M. U. (2008). The global financial crisis: Can Islamic finance help minimize the severity and frequency of such a crisis? Islamic Economic Studies, 15(2), 6-20.
Fianto, B. A., Maulida, H., & Novalia, T. (2019). Equity-based financing and its impact on Muslim entrepreneur empowerment: A case study of Shariah cooperative in Indonesia. Journal of Islamic Marketing, 10(1), 168-183.
Haron, R. (2021). Capital structure and its determinants in Islamic and conventional banks: A comparative analysis. Journal of Islamic Accounting and Business Research, 12(3), 432-450.
Hassan, M. K. (2019). Risk management in Islamic finance: An overview. International Journal of Islamic and Middle Eastern Finance and Management, 12(1), 20-38. https://doi.org/10.1108/IMEFM-12-2018-0421
Khan, T., & Ahmed, H. (2001). Risk management: An analysis of issues in Islamic financial industry. Islamic Development Bank, Islamic Research and Training Institute Occasional Paper No. 5.
Zupic, I., & ?ater, T. (2015). Bibliometric methods in management and organization. Organizational Research Methods, 18(3), 429-472. https://doi.org/10.1177/1094428114562629
Mamari, S. S. A. Al, Sarif, S. Bin, Murshed, A. A. M., Lubis, M. R. B. M. @ M. A., Sulong, R. H. B. R., Harthi, A. H. A. Al, Mamari, J. M. Z. Al, & Eisaei, M. S. A. (2024). Risk Management in Islamic Thought: A Bibliometric Review of Key Concepts and Trends. International Journal of Academic Research in Business and Social Sciences, 14(9), 615–628.