Mapping the Intersection of Money Taxonomy, Blockchain, and Islamic Finance: A Bibliometric Co-Occurrence Analysis
DOI:
https://doi.org/10.22373/Keywords:
Taxonomy money, blockchain, Islamic finance, co-occurance, bibliometricAbstract
Islamic finance has grown significantly in recent decades, offering a Shariah-compliant alternative to conventional financial systems. However, its engagement with the evolving classification of money and the disruptive potential of blockchain technology remains limited. This study presents a comprehensive bibliometric analysis of 284 peer-reviewed journal articles published between 2019 and 2024, sourced from the Dimensions AI database and analyzed using VOSviewer. The process involved data cleaning, keyword normalization, co-occurrence mapping, and cluster visualization to identify key themes and research gaps. Findings reveal that Islamic finance literature continues to emphasize sustainable and ethical finance through instruments such as zakat, waqf, and sukuk, while money taxonomy and digital innovation receive minimal attention. Thematic clusters highlight the dominance of sustainability, the rise of bibliometric and systematic reviews, the emergence of cryptocurrency, and ongoing regulatory challenges. Although blockchain remains a dynamic and debated topic, visualizations show a temporal shift from sustainability to digital transformation. This study contributes by redefining money classification within a Shariah-compliant digital context and underscores the need for a robust digital infrastructure, consistent regulation, Shariah certification, and the integration of ethics and technology in education. It lays the groundwork for future research to expand empirical studies, enhance bibliometric scope, and develop comprehensive frameworks for a sustainable digital Islamic finance ecosystem.
AbstrakPemetaan Persimpangana antara Taksonomi Uang, Blockchain, dan Keuangan Islam: Analisis Ko-okurensi Bibliometrik. Dalam beberapa dekade terakhir, keuangan syariah telah berkembang pesat sebagai alternatif terhadap sistem keuangan konvensional yang ada. Namun, keterlibatannya dengan klasifikasi uang yang terus berkembang dan potensi disruptif teknologi blockchain masih terbatas. Studi ini menyajikan analisis bibliometrik komprehensif terhadap 284 artikel jurnal yang terbit antara 2019 dan 2024, yang diperoleh dari basis data Dimensions AI menggunakan VOSviewer. Proses analisis mencakup pembersihan data, nomalisasi kata kunci, pemetaan ko-okurensi, dan visualisasi kluster untuk mengidentifikasi tema utama dan celah penelitian. Hasil penelitian menunjukkan bahwa literatur keuangan Islam masih berfokus pada keuangan berkelanjutan dan etis melalui instrumen seperti zakat, waqf, dan sukuk, sementara taksonomi uang dan inovasi digital kurang mendapat perhatian. Kluster tematik menyoroti dominasi keberlanjutan, meningkatnya tinjauan bibliometrik dan sistematis, munculnya cryptocurrency, serta tantangan regulasi yang berkelanjutan. Meskipun blockchain tetap menjadi topik yang dinamis dan diperdebatkan, visualisasi menunjukkan pergeseran temporal dari keberlanjutan ke transformasi digital. Studi ini berkontribusi dengan mendefinisikan ulang klasifikasi uang dalam konteks digital yang sesuai syariah, serta menekankan pentingnya infrastruktur digital yang kuat, regulasi yang konsisten, sertifikasi syariah, dan integrasi etika serta teknologi dalam pendidikan. Studi ini menjadi dasar bagi penelitian selanjutnya untuk memperluas studi empiris, meningkatkan cakupan bibliometrik, dan mengembangkan kerangka kerja komprehensif untuk ekosistem keuangan Islam digital yang berkelanjutan.
References
(n.d.). Transforming our word: The 2030 Agenda for Sustainable Development.
A. A. R. A Rajhi. (2021). Challenges in Integrating Sustainability with Islamic Finance. International Journal of Ilsamic Economic and Finance. https://doi.org/10.1504/IJIEF.2021.115478
A.M. Zohra, H. S. S. (2020). Cryptocurrency and its Potential in Islamic Finance. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-01-2020-0273
Arikan, N. İ. (2020). An Overview of the Cryptocurrencies; the Theory of Money Perspective. Malatya Turgut Özal Üniversitesi İşletme ve Yönetim Bilimleri Dergisi, 1(2), 147–165. https://dergipark.org.tr/en/pub/mtuiyb/issue/57000/778034
Arner, D. W., Auer, R., & Frost, J. (2021). Stablecoins: Risks, Potential and Regulation. SSRN Electronic Journal, 905. https://doi.org/10.2139/ssrn.3979495
Bech, M., & Garratt, R. (2017). Central bank cryptocurrencies 1. BIS Quarterly Review, September, 55–70.
Catalini, C., & Gans, J. S. (2016). Some Simple Economics of the Blockchain. Communications of the ACM, 59(11), 43–53. https://doi.org/10.1145/2998430
Devries, P. D. (2016). An Analysis of Cryptocurrency , Bitcoin , and the Future. International Journal of Business Management and Commerce, 1(2), 1–9.
Donthu, M., Kumar, S.,Pattnaik, D. (2020). A Bibliometric Review of Research on Marketing and the Enviropment: insigth Research agenda. Journal of the Academy of Marketing Science, 48(4), 502–523. https://doi.org/10.1007/s1174-020-00757-9
Ekinton, J. (1997). Cannibals with Forks: The Triple Botton Line of 21st Century Bussines. New Society Publisher.
Esendorfer, J. O. P., Ehner, O. T. L., & Ag, O. (2016). ISLAMIC BANKING AND FINANCE AS AN ETHICAL ALTERNATIVE : A SYSTEMATIC LITERATURE REVIEW. ACRN Oxford Journal of Finance and Risk Perspectives, 2, 42–64.
Infografik: Ahmad Syarifudin Firdaus. (2024). apa itu Islamic Finance? UNAIR. https://unair.ac.id/infografik-apa-itu-islamic-financeinfografik/
Jabbour, C. J. C., et al. (2017). The role of Suplay Chain Managemet in Sustainable Development. Journal of Cleaner Production, 142, 2031–2041.
KPMG International. (2020). The KPMG Survey of Corporate Responsibility Reporting.
Laldin, M. A., & Djafri, F. (2021). Islamic Finance in The Digital World : Opportunities and Challenges ( Kewangan Islam dalam Dunia Digital : Peluang dan Cabaran ). Journal of Islam in Asia, December 2019. https://doi.org/10.31436/jia.v16i3.853
M. J. I. Mollah, M. F. I. (2018). A bibliometric Analysis of Islamic Finance Research: Trends and Patterns. Journal of Islamic Economic, Banking and Finance. https://doi.org/10.1108/JIEBF-06-2017-0042
M. Kabir Hasan, E. al. (2013). Introduction to Islamic Banking & Finance Principles and Practice. Pearson Education Limited.
M.A. Khan, M. A. B. (2010). Islamic Finance and Role of Sustainaibility. International Jurnal of Islamic and Middle Eastern Finance and Management. https://doi.org/10.1108/1753891011083978
N.S.H.Alhabshi, S. F. R. A. R. (2022). Research Agenda in Islamic Finance for Sustainable Development. International Journal of Islamic Finance. https://doi.org/10.1108/IJIF-04-2021-0226
Reuters, T. (2008). Whitepaper Using Bibliometrics : Thomson Reuters, 12.
Scholtens, B. (2017). Why Finance Should Care about Sustainability. Journal of Buseness Ethics, 146(1), 71–87. https://doi.org/10.1007/s10551-07-3471-3
Shabirah, A., Lestari.I, L., & Estefany.V, N. (2021). Analisis Bibliometrik Distribusi Zakat. Jurnal Masharif Al-Syariah, 6(2), 491–506. http://journal.um-surabaya.ac.id/index.php/Mas/index
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a Methodology for Developing Evidance-Informed Management Knowledge by Means of Systematic Review. British Journal of Management, 14(3), 207–222.
Zupic, I. (2015). Bibliometric Methods in Management and Organization. Organizational Research Methods, 18(3), 429–472. https://doi.org/10.1177/1094428114562629
Published
Issue
Section
License
Copyright (c) 2025 Fathurrahman Thaha
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
SHARE allows the author(s) to hold the copyright and to retain the publishing rights without restrictions. Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC-BY-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work
