Intellectual Structure of Islamic Capital Market Studies: A Bibliometric Approach

Abstract

Islamic capital market is one of the supporting pillars towards the fast growing of Islamic finance industry. Scholars paid high attention to it, resulting enormous studies being published to accelerate the development of Islamic capital market. This research tries to synthesize those published literatures and mapping the intellectual structure that has been formed and developed around the topic by focusing on the publication trends, key areas of the research, most contributing journals, most influential authors, and collaboration among countries. A bibliometric approach was conducted to achieve the desired result by using Scopus database where 1,336 documents had been successfully retrieved. The research found that there was an upward surge of publication since 2008 with several trending keywords over the years. In addition, two major publishers which have the most contributing journals towards the topic were discovered. We also found three most influential authors within the area. In addition, Malaysia has been noticed to put the highest effort in contributing to the topic while making the most collaboration. Lastly, there are three key highlights for the direction of future research and four implications based on the statistical findings. All these findings shed light and give a significant foundation for future research.