MAPPING THE EVOLUTION OF FINANCIAL TECHNOLOGY IN ISLAMIC FINANCE: A BIBLIOMETRIC ANALYSIS

Abstract

The rapid advancement of financial technology (fintech) has significantly influenced the landscape of Islamic finance, prompting scholars to examine its evolution and impact across diverse regions and domains. However, despite a growing body of research, a comprehensive bibliometric overview of the intersection of fintech and Islamic finance remains limited. This study aims to fill that gap by mapping the development, trends, and research patterns within this emerging field. Using the keywords “Islamic bank” and “financial technology,” a structured search was conducted in the Scopus database, resulting in a final dataset of 328 peer-reviewed journal articles published between 2005 to May 2025. To ensure accuracy and relevance, data were refined using OpenRefine software and analyzed through the Scopus analyzer and VOSviewer (version 1.6.20). The methodology focused on examining publication trends, influential journals, leading authors, most cited articles, and keyword co-occurrence networks. The findings reveal a marked increase in research output post-2017, with Malaysia and Indonesia emerging as key contributors. Prominent themes include technology adoption, mobile banking, and blockchain in the Shariah-compliant financial context. Co-authorship and co-citation analyses further highlight the development of academic collaborations and core research clusters. The visualization of keyword networks via VOSviewer also uncovered thematic concentrations around digital transformation, financial inclusion, and Islamic fintech innovation. This study not only offers insights into the intellectual structure of the field but also identifies research gaps and potential areas for future exploration. In conclusion, the bibliometric evidence underscores the accelerating interest in Islamic fintech and affirms its growing significance in shaping the future of ethical, inclusive, and technology-driven financial ecosystems.