A Research Path on Islamic Capital Market Product
DOI:
https://doi.org/10.58968/icm.v2i1.570Keywords:
Islamic Capital Market Product, Research PathAbstract
This study aims to see the development of research on the topic of Islamic Capital Market Product and research plans that can be done based on journals published on the theme. This research uses a qualitative method with a bibliometric analysis approach. The data used is secondary data with the theme "Islamic Capital Market Product" which comes from the Dimension database with a total of 400 journal articles. Then, the data is processed and analyzed using the VosViewer application with the aim of knowing the bibliometric map of research development "Islamic Capital Market Product" in the world. The results of the study found that there were 7 clusters with the most used words being Islamic finance, Islamic capital market, capital market, covid, and growth. Then, the research path topics related to Islamic Capital Market Product are Financial Performance in Islamic Capital Market, Potential Growth in Islamic Market Achievement, Islamic Finance Application in Capital Market, Pandemic Effects on Sukuk Market Returns, Knowledge Influence on Islamic Capital Market, Standards in Islamic Capital Markets, and Sharia Mutual Funds and Market Growth.
References
Alfionita, M., & Cahyaningdyah, D. (2022). Covid-19 Outbreak and New Normal Policy to The Reaction of The Indonesian Capital Market: An Event Study Analysis. Management Analysis Journal, 11(4), 406-417.
Al-Hares, O. M., AbuGhazaleh, N. M., & El-Galfy, A. M. (2013). Financial performance and compliance with Basel III capital standards: Conventional vs. Islamic banks. Journal of Applied Business Research, 29(4), 1031.
Ali, S. S. (2005). Islamic capital market products: developments and challenges. Islamic Research and Training Institute, Islamic Development Bank.
Al Qital, S., Sunarya, S. L., & Rusydiana, A. S. (2022). Manajemen Pariwisata Halal. Ar Rehla: Journal of Islamic Tourism, Halal Food, Islamic Traveling, and Creative Economy, 2(2), 140-157.
Apriani, E., Sari, T. K., Latif, A., & Permana, I. (2023). A Bibliometric Analysis of Sharia Bonds (Sukuk) in Islamic Capital Market. Proceeding International Pelita Bangsa, 1(01), 37-45.
Arfaoui, M., Chkili, W., & Rejeb, A. B. (2022). Asymmetric and dynamic links in GCC Sukuk-stocks: Implications for portfolio management before and during the COVID-19 pandemic. The Journal of Economic Asymmetries, 25, e00244.
Askari, H. (2023). Islamic capital markets and products. In Research Handbook on Global Capital Markets Law (pp. 269-284). Edward Elgar Publishing.
Aziz, I. A., Parveen, A., & Ali, A. (2023). Analysis of Islamic Capital Market-Products and Challenges: A Case Study of Pakistan. Al-Idah, 41(1), 1-16.
Azwar, A. (2024). Islamic capital market support in the Indonesian halal industry development: SWOT analysis. Review of Islamic Social Finance and Entrepreneurship.
Azzahro, S. F. (2022). Bibliometric Mapping of Islamic Letter of Credit using VOSviewer. Journal of Islamic Economics Literatures, 3(2).
Billah, M., Balli, F., & Balli, H. O. (2022). Spillovers on sectoral sukuk returns: evidence from country level analysis. Applied Economics, 54(38), 4402-4432.
Darmawan, A., & Japar, J. (2020). Investment Knowledge, Minimal Capital, Capital Market Training and Motivation for Influence of Investment Interest in Sharia Capital Markets. International Journal of Islamic Economics & Business Management in Emerging Market (IJIEBMEM), 1-10.
Glavina, S. (2015). Influence of globalization on the regional capital markets and consequences: Evidence from Warsaw stock exchange. European Research Studies Journal, 117-134.
Guariglia, A., Hou, W., Hua, X., & Huang, Y. (2018). Chinese capital markets: the importance of history for modern development. The European Journal of Finance, 24(16), 1369-1374.
Hamimi, S., & Ginting, Y. R. F. (2019). The Development Of Islamic Capital Markets In Indonesia. In Proceeding International Seminar of Islamic Studies (Vol. 1, No. 1, pp. 762-767).
Haneef, R., Archer, S., & Karim, R. A. A. (2018). Regulatory aspects of the Islamic capital market and Basel III requirements-Shari'ah-compliant bank capital instruments. Islamic capital markets and products: Managing capital and liquidity requirements under Basel III, 221-236.
Hoepner, A. G., Rammal, H. G., & Rezec, M. (2011). Islamic mutual funds' financial performance and international investment style: evidence from 20 countries. The European Journal of Finance, 17(9-10), 829-850.
Izzaty, N. (2024). Applying Islamic Finance Principles to the Bond Market and Sukuk Market. Available at SSRN 4857021.
Jawadi, F., Jawadi, N., & Louhichi, W. (2014). Conventional and Islamic stock price performance: An empirical investigation. International Economics, 137, 73-87.
Judijanto, L., Efendi, E., Ode, H., & Sipayung, B. (2024). Analyzing Research Trends and Future Prospects in Islamic Capital Markets through Bibliometric Mapping. The Es Accounting And Finance, 2(03), 220-231.
Khairunnisa, H. L. (2020). Islamic Financial Literacy: Developing Instruments. Ekonomi Islam Indonesia, 2(1).
Le, T. D., Ho, T. H., Nguyen, D. T., & Ngo, T. (2022). A cross-country analysis on diversification, Sukuk investment, and the performance of Islamic banking systems under the COVID-19 pandemic. Heliyon, 8(3).
Luqman, L. (2020). The influence of sharia, Sukuk and sharia mutual funds to national economic growth year 2011-2019. JMM17: Journal of economics and management science, 7(2), 13-20.
Maiyaki, A. A. (2013). Principles of Islamic capital market. International Journal of Academic Research in Accounting, Finance and Management Sciences, 3(4), 278-283.
Majdoub, J., & Mansour, W. (2014). Islamic equity market integration and volatility spillover between emerging and US stock markets. The North American Journal of Economics and Finance, 29, 452-470.
Malkan, M., Malarangan, H., & Nurdin, N. (2022). The Effect of Financial Literacy and Knowledge of Capital Market on Intention to Invest on Islamic Stock Exchange. International Journal of Current Research, 5(2), 363-374.
McMillen, M. J. (2011). Islamic capital markets: market developments and conceptual evolution in the first thirteen years. Available at SSRN 1781112.
Medhioub, I., & Chaffai, M. (2018). Islamic finance and herding behavior: an application to Gulf Islamic stock markets. Review of Behavioral Finance, 10(2), 192-206.
Mohamad Shafi, R., & Tan, Y. L. (2023). Evolution in Islamic capital markets: a bibliometric analysis. Journal of Islamic Accounting and Business Research, 14(8), 1474-1495.
Mosavi, S. A., Nekoueizadeh, S., & Ghaedi, M. (2012). A study of relations between intellectual capital components, market value and financial performance. African Journal of Business Management, 6(4), 1396-1403.
Mukhlisin, M., al-Falih, A. A., Azid, T., & Shirazi, N. S. (2023). The Indonesian Islamic capital market and achievement of Maqasad al-Shari'ah: Success or failure. In ISLAMIC ECONOMIC INSTITUTIONS IN INDONESIA: Are they Successful in Achieving the Maqasad-al-Shari'ah (pp. 209-226).
Mutho, A., Lestari, F. W., Sari, N. A., & Mahendra, Y. I. (2024). Knowledge and Explanation of Capital Markets in General to Deepen the Insight of Economic Studies. Master: Strategic and Applied Management, 1(1), 1-6.
Naifar, N. (2023). Sukuk returns dynamics under bullish and bearish market conditions: do COVID-19 related news and government measures matter?. Applied Economics Letters, 30(7), 875-883.
Najeeb, S. F., & Vejzagic, M. (2013). Development, growth and challenges of Islamic capital markets: Comparative insights from the Malaysian, Indonesian, United Arab Emirates and Brunei markets. Journal of Emerging Economies and Islamic Research, 1(3), 100-137.
Ousama, A. A., & Fatima, A. H. (2015). Intellectual capital and financial performance of Islamic banks. International Journal of Learning and Intellectual Capital, 12(1), 1-15.
Pratiwi, F. R., & Fatwa, N. D. (2022). The Existence of Indonesian Islamic Market Stocks During The Covid-19 Pandemic. Journal of Strategic and Global Studies, 5(2), 1.
Rahayu, S., & Irfany, M. I. (2022). Waqf on Environmental Issue: A Systematic Review. International Journal of Waqf, 2(1).
Rahayu, S. S. (2021). Maqashid Sharia in Islamic Economics and Finance Research. Journal of Islamic Economic Literatures, June, 2(1).
Rusmita, S. A., Salleh, M. C. M., Sukmaningrum, P. S., & Zulaikha, S. (2019). Growth and value effect on Jakarta Islamic index: analysis towards performance of sharia equity mutual fund. Al-Iqtishad: Journal of Sharia Economics, 11(1), 153-165.
Rusydiana, A. S., & Ali, M. M. (2022). The application of Maqasid Shariah on banking industry. Maqasid al-Shariah Review, 1(1).
Sadeghi, M. (2008). Financial performance of Shariah-compliant investments: Evidence from Malaysian stock market. International Research Journal of Finance and Economics, 20(8), 15-24.
Salsabiila, A. M., & Hakim, L. (2022). The Effect of Investment Knowledge, Perception of Benefits, Perception of Risk, Minimum Capital on Interest in Investing in the Islamic Capital Market with Income as Moderating Variable. Economic Education Analysis Journal, 11(2), 109-118.
Sari, N., Syamsurijal, A. K., & Widiyanti, M. (2018). The impact of Islamic capital market development on economic growth: The case of Indonesia. Journal of Smart Economic Growth, 3(2), 21-30.
Soemitra, A. (2021). The Policy Responses towards Contemporary Islamic Capital Market in Indonesia: The Dynamics and Challenges. EKONOMIKA SYARIAH: Journal of Economic Studies, 5(1), 31-49.
Srairi, S., & Kouki, I. (2012). Efficiency and stock market performance of Islamic banks in GCC Countries. ISRA International Journal of Islamic Finance, 4(2), 89-116.
Susanto, R. M., Budianto, E. W. H., & Dewi, N. D. T. (2023). Mapping Research Topics on the Islamic Capital Market: VOSviewer Bibliometric Study and Literature Review.
Tarek Al-Kayed, L., Raihan Syed Mohd Zain, S., & Duasa, J. (2014). The relationship between capital structure and performance of Islamic banks. Journal of Islamic Accounting and Business Research, 5(2), 158-181.
Tigari, H., & Aishwarya, R. (2019). Capital Markets in India: A Conceptual Framework. Journal of Economics, 8(1), 53-59.
Umar, Z., Gubareva, M., & Sokolova, T. (2023). Assessing the impact of media sentiment on the returns of sukuks during the Covid-19 crisis. Applied Economics, 55(12), 1371-1387.
Wahyudi, I., & Sani, G. A. (2014). Interdependence between Islamic capital market and money market: Evidence from Indonesia. Borsa Istanbul Review, 14(1), 32-47.
Wilson, R. (2003). Regulatory challenges posed by Islamic capital market products and services. Center for Middle Eastern and Islamic Studies, University of Durham, UK.
Yani, D., Kismawadi, E. R., Rauf Nasution, I. F. A., & MI, B. (2022). The Effect of Sharia Share, Sukuk, Sharia Mutual Funds and Exchange on the National Economic Growth. Journal of Islamic Business and Management, (10), 1.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Islamic Capital Market

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.








