A Systematic-Thematic Analysis on The Pattern of Research with regards to Maqāsid al-Sharīʿah in Islamic Finance
Keywords:
ATLAS.ti software, , Islamic finance, maqāsid al-Sharīʿah, PRISMA, systematic literature reviewAbstract
The study aims to investigate the pattern of the research with regard to maqāsid al-Sharīʿah in Islamic finance from the year 2015 until 2020. It is pertinent for the current pattern of research to be systematically and thematically analysed so that the identified research gap could be duly addressed. Regardless of the abundance of previous literature which discussed maqāsid al-Sharīʿah in general, to the best knowledge of the authors, there is no systematic-thematic review paper discussing the current literature pattern regarding maqāsid al-Sharīʿah in Islamic finance. This study focuses on English journals without denying the fact that maybe other literature in another language might as well exist. The ATLAS.ti software was used in analysing the data systematically and thematically via the matrix table, open network diagram and word cloud analysis. The methodology of this paper begins with the systematic screening process based on PRISMA subsequently followed by a thematic review approach. The screening process begins with the keyword search and inclusion criteria by using four databases namely Scopus, Emerald, Science Direct and Mendeley. The process has resulted in the identification of 104 indexed journals. However, the finalised items are 24 journals with 13 initial codes subsequently summarized into five main themes: Sharīʿah contracts, economics, Islamic banking, microfinance/ microcredit & Value Based Intermediation, Sustainable Development Goals and waqf. The analysis of results shows that the concentration areas are identified in waqf, Islamic economics and Islamic banking. Therefore, future research should further focus on the other segments such as technologies in the industrial revolution, takāful, Islamic capital market and Islamic social finance.
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