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Abstract
The purpose of this research was to identify systematically of research trend with the theme of Islamic FinTech. The design of this research was quantitative with a descriptive approach. The study method uses a systematic literature review with bibliometric analysis techniques. The research data was obtained from the Scopus database. The keyword used for data tracking was "Islamic FinTech". The research results indicates: RQ1 there was an increase in the number of studies on Islamic FinTech from 2017 to March 2023; RQ2 research results were mostly published in the form of articles in various journals (81 articles); RQ3 the article written by M. Kabir Hasan entitled “Challenges for the Islamic finance and banking in the post COVID era and the role of Fintech” in 2020 was the most cited (48 citations); RQ4 Hasnan Baber was the author of the most published research results on Islamic FinTech (6 articles); RQ5 there were 8 clusters from the identification results which have the potential to be a renewable study with the theme of Islamic
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References
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- Bakar, N. A., & Rosbi, S. (2018). Robust Framework Diagnostics of BlockchainF or Bitcoin Transaction System: A Technical Analysis From Islamic Financial Technology (I-Fintech) Perspective. International Journal of Business and Management, 2(3), 22–29. https://doi.org/10.26666/rmp.ijbm.2018.3.4
- Christensen, C. M. (2013). Innovator ’ s Dilemma. Boston, Massachusetts: Harvard Business School Press.
- Gomber, P., Koch, J. A., & Siering, M. (2017). Digital Finance and FinTech: current research and future research directions. Journal of Business Economics, 87(5), 537–580. https://doi.org/10.1007/s11573-017-0852-x
- Hang, C. C., Garnsey, E., & Ruan, Y. (2015). Disruptive Innovation and Entrepreneurial Opportunity. Technovation, 39–40(1), 83–93. https://doi.org/10.1016/j.technovation.2014.11.005
- Hassan, M. S., Islam, M. A., Yusof, M. F. bin, Nasir, H., & Huda, N. (2023). Investigating the Determinants of Islamic Mobile FinTech Service Acceptance: A Modified UTAUT2 Approach. Risks, 11(2), 1–15. https://doi.org/10.3390/risks11020040
- Hidayat, R. (2020). Buku Ajar Pengantar Fiqih Muamalah. Medan: Universitas Islam Negeri Sumatera Utara.
- Hudaefi, F. A. (2020). How does Islamic Fintech Promote the SDGs? Qualitative Evidence From Indonesia. Qualitative Research in Financial Markets, 12(4), 353–366. https://doi.org/10.1108/QRFM-05-2019-0058
- Iman, N. (2020). The Rise and Rise of Financial Technology: The Good, The Bad, and The Verdict. Cogent Business and Management, 7(1), 1–17. https://doi.org/10.1080/23311975.2020.1725309
- Karim, S., Naeem, M. A., & Abaji, E. E. (2022). Is Islamic FinTech Coherent with Islamic Banking? A Stakeholder’s Perspective During COVID-19. Heliyon, 8(9), 1–19. https://doi.org/10.1016/j.heliyon.2022.e10485
- Kusuma, H., & Asmoro, W. K. (2021). Perkembangan Financial Technologi (Fintech) Berdasarkan Perspektif Ekonomi Islam. ISTITHMAR : Jurnal Pengembangan Ekonomi Islam, 4(2), 141–163. https://doi.org/10.30762/itr.v4i2.3044
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- Leong, K. (2018). FinTech (Financial Technology): What is It and How to Use Technologies to Create Business Value in Fintech Way? International Journal of Innovation, Management and Technology, 9(2), 74–78. https://doi.org/10.18178/ijimt.2018.9.2.791
- Miskam, S., & Eksan, S. H. Ra. (2018). Big Data and Fintech in Islamic Finance: Prospects and Challenges. 4th Muzakarah Fiqh & International Fiqh Conference (MFIFC 2018), October, 12–23.
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- Puschmann, T. (2017). Fintech. Business & Information Systems Engineering, 59(1), 69–76. https://doi.org/https://doi.org/10.1007/s12599-017-04464-6
- Rabbani, M. R. (2020). FinTech, Blockchain and Islamic Finance: An Extensive Literature Review. International Journal of Economics and Business Administration, 8(2), 65–86. https://doi.org/10.35808/ijeba/444
- Rahma, T. I. F. (2018). Persepsi Masyarakat Kota Medan Terhadap Penggunaan Financial Technologi (Fintech). At-Tawassuth: Jurnal Ekonomi Islam, 3(1), 1–20. https://doi.org/http://dx.doi.org/10.30821/ajei.v3i1.1704
- Rusydiana, A. S. (2018). Developing Islamic Financial Technology in Indonesia. Hasanuddin Economics and Business Review, 2(2), 143–152. https://doi.org/10.26487/hebr.v2i2.1550
- Sa’ad, A. (2019). P2p Islamic Fintech Investment Innovation. A Proposal of Mushārakah Smart Contract Model for Smes Financing and Social Development. Al-Shajarah, 169–184. https://api.elsevier.com/content/abstract/scopus_id/85078289938
- Si, S., & Chen, H. (2020). A Literature Review of Disruptive Innovation: What it is, How it Works and Where it Goes. Journal of Engineering and Technology Management - JET-M, 56(January 2019), 1–21. https://doi.org/10.1016/j.jengtecman.2020.101568
- Sidaoui, M. (2022). Fintech and Islamic Banking Growth: New Evidence. Journal of Risk Finance, 23(5), 535–557. https://doi.org/10.1108/JRF-03-2022-0049
- Stewart, H., & Jürjens, J. (2018). Data Security and Consumer Trust in FinTech Innovation in Germany Information & Computer Security Data Security and Consumer Trust in FinTech Innovation in Germany. Information & Computer Security, 26(1), 109–128.
- Suryono, R. R., Budi, I., & Purwandari, B. (2020). Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review. Information (Switzerland), 11(12), 1–20. https://doi.org/10.3390/info11120590
- Syaikhu, Ariyadi, & Norwili. (2020). FIKIH MUAMALAH Memahami Konsep dan Dialektika Kontemporer. Yogyakarta:K-Media.
- V. Alberti-Alhtaybat, L., Al-Htaybat, K., & Hutaibat, K. (2019). A Knowledge Management and Sharing Business Model For Dealing With Disruption: The Case of Aramex. Journal of Business Research, 94(November), 400–407. https://doi.org/10.1016/j.jbusres.2017.11.037
- Wahab, M. A. (2019). Teori Akad dalam Fiqih Muamalah. Jakarta: Rumah Fiqih Publishing.
- Yanti, C. C. M. Y. (2022). Penerapan Fintech Syariah dalam Pengembangan Ekonomi Islam. Jurnal Ekonomi Dan Keuangan Islam, 02(01), 1–15. https://doi.org/https://doi.org/10.35194/eeki.v2i1.1882
- Yarli, D. (2018). Analisis Akad Tijarah Pada Transaksi Fintech Syariah Dengan Pendekatan Maqhasid. YUDISIA : Jurnal Pemikiran Hukum Dan Hukum Islam, 9(2), 1–13. https://doi.org/10.21043/yudisia.v9i2.4766
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References
Al Husaeni, D. F., & Nandiyanto, A. B. D. (2022). Bibliometric Computational Mapping Analysis of Publications on Mechanical Engineering Education Using Vosviewer. Journal of Engineering Science and Technology, 17(2), 1135–1149. https://doi.org/https://doi.org/10.17509/rief.v5i2
Alam, N. (2019). Fintech and Islamic finance: Digitalization, development and disruption. In Fintech and Islamic Finance: Digitalization, Development and Disruption. Palgrave Macmillan. https://doi.org/10.1007/978-3-030-24666-2
Arner, D. W., Barberis, J., Buckley, R. P., Arnott, R. D., & Aronson, T. R. (2017). FinTech and RegTech in a Nutshell, and the Future in a Sandbox. CFA Institute Research Foundation. https://doi.org/10.2470/rfbr.v3.n4.1
Baber, H. (2019). Relevance of e-SERVQUAL for determining the quality of FinTech services. International Journal of Electronic Finance, 9(4), 257–267. https://doi.org/10.1504/IJEF.2019.104070
Baber, H. (2022). Fintech and Islamic Banks-an integrative model approach to predict the intentions. Review of Applied Socio-Economic Research, 24(2), 24–45. https://doi.org/10.54609/reaser.v24i2.215
Bakar, N. A., & Rosbi, S. (2018). Robust Framework Diagnostics of BlockchainF or Bitcoin Transaction System: A Technical Analysis From Islamic Financial Technology (I-Fintech) Perspective. International Journal of Business and Management, 2(3), 22–29. https://doi.org/10.26666/rmp.ijbm.2018.3.4
Christensen, C. M. (2013). Innovator ’ s Dilemma. Boston, Massachusetts: Harvard Business School Press.
Gomber, P., Koch, J. A., & Siering, M. (2017). Digital Finance and FinTech: current research and future research directions. Journal of Business Economics, 87(5), 537–580. https://doi.org/10.1007/s11573-017-0852-x
Hang, C. C., Garnsey, E., & Ruan, Y. (2015). Disruptive Innovation and Entrepreneurial Opportunity. Technovation, 39–40(1), 83–93. https://doi.org/10.1016/j.technovation.2014.11.005
Hassan, M. S., Islam, M. A., Yusof, M. F. bin, Nasir, H., & Huda, N. (2023). Investigating the Determinants of Islamic Mobile FinTech Service Acceptance: A Modified UTAUT2 Approach. Risks, 11(2), 1–15. https://doi.org/10.3390/risks11020040
Hidayat, R. (2020). Buku Ajar Pengantar Fiqih Muamalah. Medan: Universitas Islam Negeri Sumatera Utara.
Hudaefi, F. A. (2020). How does Islamic Fintech Promote the SDGs? Qualitative Evidence From Indonesia. Qualitative Research in Financial Markets, 12(4), 353–366. https://doi.org/10.1108/QRFM-05-2019-0058
Iman, N. (2020). The Rise and Rise of Financial Technology: The Good, The Bad, and The Verdict. Cogent Business and Management, 7(1), 1–17. https://doi.org/10.1080/23311975.2020.1725309
Karim, S., Naeem, M. A., & Abaji, E. E. (2022). Is Islamic FinTech Coherent with Islamic Banking? A Stakeholder’s Perspective During COVID-19. Heliyon, 8(9), 1–19. https://doi.org/10.1016/j.heliyon.2022.e10485
Kusuma, H., & Asmoro, W. K. (2021). Perkembangan Financial Technologi (Fintech) Berdasarkan Perspektif Ekonomi Islam. ISTITHMAR : Jurnal Pengembangan Ekonomi Islam, 4(2), 141–163. https://doi.org/10.30762/itr.v4i2.3044
Lee, I., & Shin, Y. J. (2018). Fintech: Ecosystem, Business Models, Investment Decisions, and Challenges. Business Horizons, 61(1), 35–46. https://doi.org/10.1016/j.bushor.2017.09.003
Leong, K. (2018). FinTech (Financial Technology): What is It and How to Use Technologies to Create Business Value in Fintech Way? International Journal of Innovation, Management and Technology, 9(2), 74–78. https://doi.org/10.18178/ijimt.2018.9.2.791
Miskam, S., & Eksan, S. H. Ra. (2018). Big Data and Fintech in Islamic Finance: Prospects and Challenges. 4th Muzakarah Fiqh & International Fiqh Conference (MFIFC 2018), October, 12–23.
Miskam, S., Yaacob, Monir, A., & Rosman, R. (2019). Fintech and its Impact on Islamic Fund Managementi In Malaysia: A Legal Viewpoint. In: Emerging Issues in Islamic Finance Law and Practice in Malaysia (pp. 223–246). Emerald Publishing.
Nagy, D., Schuessler, J., & Dubinsky, A. (2016). Defining and Identifying Disruptive Innovations. Industrial Marketing Management, 57, 1–8. https://doi.org/10.1016/j.indmarman.2015.11.017
Nair, A., & Ahlstrom, D. (2003). Delayed Creative Destruction and The Coexistence of Technologies. Journal of Engineering and Technology Management - JET-M, 20(4), 345–365. https://doi.org/10.1016/j.jengtecman.2003.08.003
Puschmann, T. (2017). Fintech. Business & Information Systems Engineering, 59(1), 69–76. https://doi.org/https://doi.org/10.1007/s12599-017-04464-6
Rabbani, M. R. (2020). FinTech, Blockchain and Islamic Finance: An Extensive Literature Review. International Journal of Economics and Business Administration, 8(2), 65–86. https://doi.org/10.35808/ijeba/444
Rahma, T. I. F. (2018). Persepsi Masyarakat Kota Medan Terhadap Penggunaan Financial Technologi (Fintech). At-Tawassuth: Jurnal Ekonomi Islam, 3(1), 1–20. https://doi.org/http://dx.doi.org/10.30821/ajei.v3i1.1704
Rusydiana, A. S. (2018). Developing Islamic Financial Technology in Indonesia. Hasanuddin Economics and Business Review, 2(2), 143–152. https://doi.org/10.26487/hebr.v2i2.1550
Sa’ad, A. (2019). P2p Islamic Fintech Investment Innovation. A Proposal of Mushārakah Smart Contract Model for Smes Financing and Social Development. Al-Shajarah, 169–184. https://api.elsevier.com/content/abstract/scopus_id/85078289938
Si, S., & Chen, H. (2020). A Literature Review of Disruptive Innovation: What it is, How it Works and Where it Goes. Journal of Engineering and Technology Management - JET-M, 56(January 2019), 1–21. https://doi.org/10.1016/j.jengtecman.2020.101568
Sidaoui, M. (2022). Fintech and Islamic Banking Growth: New Evidence. Journal of Risk Finance, 23(5), 535–557. https://doi.org/10.1108/JRF-03-2022-0049
Stewart, H., & Jürjens, J. (2018). Data Security and Consumer Trust in FinTech Innovation in Germany Information & Computer Security Data Security and Consumer Trust in FinTech Innovation in Germany. Information & Computer Security, 26(1), 109–128.
Suryono, R. R., Budi, I., & Purwandari, B. (2020). Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review. Information (Switzerland), 11(12), 1–20. https://doi.org/10.3390/info11120590
Syaikhu, Ariyadi, & Norwili. (2020). FIKIH MUAMALAH Memahami Konsep dan Dialektika Kontemporer. Yogyakarta:K-Media.
V. Alberti-Alhtaybat, L., Al-Htaybat, K., & Hutaibat, K. (2019). A Knowledge Management and Sharing Business Model For Dealing With Disruption: The Case of Aramex. Journal of Business Research, 94(November), 400–407. https://doi.org/10.1016/j.jbusres.2017.11.037
Wahab, M. A. (2019). Teori Akad dalam Fiqih Muamalah. Jakarta: Rumah Fiqih Publishing.
Yanti, C. C. M. Y. (2022). Penerapan Fintech Syariah dalam Pengembangan Ekonomi Islam. Jurnal Ekonomi Dan Keuangan Islam, 02(01), 1–15. https://doi.org/https://doi.org/10.35194/eeki.v2i1.1882
Yarli, D. (2018). Analisis Akad Tijarah Pada Transaksi Fintech Syariah Dengan Pendekatan Maqhasid. YUDISIA : Jurnal Pemikiran Hukum Dan Hukum Islam, 9(2), 1–13. https://doi.org/10.21043/yudisia.v9i2.4766
Yulianto, H., & Iryani. (2023). SEIKO : Journal of Management & Business Research Gap Of E-Hrm : A Systematic Review. Seiko, 5(2), 750–759. https://doi.org/10.37531/sejaman.v6i1.3745