Emergence or Descend of Islamic Cryptocurrency: A Bibliometric Review of Scholarly Discourse
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Abstract
This bibliometric analysis explores the scholarly discourse on Islamic cryptocurrency literature, examining 20 articles published between 2018 and 2021. Through a thorough examination of the literature, the International Journal of Economics and Business Administration is identified as the top journal, while Massey University and Islamic University are revealed to be core affiliations of scholarly interest. Furthermore, based on citation impact, Bahrain, Malaysia, and Saudi Arabia are the major countries for literary research. The most commonly used words in titles, abstracts, author's keywords, and keywords plus are 'blockchain' and 'Islamic', reflecting the central concepts of this discourse. The core author of "Islamic cryptocurrency" articles, Khan Shahnawaz, is also found to have made a significant contribution to the field. The study utilizes co-occurrence and co-citation analyses to further explore the themes and sub-topics within the literature. The co-occurrence analysis reveals two clusters in the literature, with the first cluster representing the intersection of cryptocurrency and COVID-19, while the second cluster highlights the connection between cryptocurrency and Islamic fintech. The co-citation analysis provides two clusters as well, with the first cluster tracing the evolution of digitalization, development, and disruption in Islamic fintech. The second cluster focuses on the mining of digital currency with sharia compliance, the use of cryptocurrency in accordance with Islam and the Sunnah's teachings, and its legality. The main article that emerges from this bibliometric analysis discusses the impact of financial technology (FinTech) on Islamic finance and financial stability. Overall, this analysis offers a comprehensive and nuanced understanding of Islamic cryptocurrency literature, highlighting its evolution and key themes.
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References
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