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The topics of Islamic economics and finance research

Author

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  • Ezzedine Ghlamallah

    (CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon)

  • Christos Alexakis
  • Michael Dowling
  • Anke Piepenbrink

Abstract

We provide a comprehensive structuring of research on Islamic economics and finance into the core topics of the area, for the period 1979 to 2018. This is carried out through a probabilistic topic modeling approach that allows statistical learning of the connection between research articles as well as their shared topics. This approach, which blends machine learning and natural language processing, helps provide a comprehensive structure to the literature. Our topic modeling analysis is conducted on approximately 1500 articles, and suggests the Islamic economics and finance literature can be well-described by 11 topics. These topics cover economic, finance, and morality issues. Our research can be applied to provide a clear structure for ongoing research agendas in Islamic economics and finance as well as a framework for understanding research development in this area. We also note the differences between Islamic and conventional approaches to economics and finance research in order to highlight the inherent new contributions of this maturing area of research.

Suggested Citation

  • Ezzedine Ghlamallah & Christos Alexakis & Michael Dowling & Anke Piepenbrink, 2021. "The topics of Islamic economics and finance research," Post-Print hal-03511406, HAL.
  • Handle: RePEc:hal:journl:hal-03511406
    DOI: 10.1016/j.iref.2021.04.006
    Note: View the original document on HAL open archive server: https://hal.science/hal-03511406
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    Cited by:

    1. Joanna Goard & Mohammed AbaOud, 2024. "Pricing of Al-Urbun and a Class of Al-Istijrar Islamic Contracts under the Black–Scholes Framework," Mathematics, MDPI, vol. 12(2), pages 1-11, January.

    More about this item

    Keywords

    Islamic finance; Islamic banking; Islamic economics; Takaful;
    All these keywords.

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