A proposition to implement inclusive Islamic financial planning in Indonesia through bibliometric analysis

Abstract

Purpose In Indonesia, the Islamic Economics and Finance Sector is growing rapidly, but the literature on Islamic financial literacy is still minimal. This study aims to show research opportunities with the theme of Islamic financial literacy, especially inclusive Islamic financial planning through bibliometric analysis of Scopus and connected papers. Design/methodology/approach A comma separated value (CSV) file containing more than 2,000 references meta data was used for analysis on Vos Viewer in the period of 1963–2020. The grouping of network visualization maps is done using six keywords, namely, “Financial Literacy,” “Financial Inclusion,” “Islamic Financial Literacy,” “Financial Planning,” “Personal Finance” and “Household Finance.” Findings The findings complement the keywords that are generally used as references in the formation of theories regarding inclusive Islamic financial planning. After combining the “ris” file from the connected paper, the most used terms are financial knowledge, financial education, financial behavior, financial decision-making process, financial inclusion, risk sharing and financial discourse. Originality/value The proportion which planned to be applied in Indonesia will differentiate the inclusive Islamic financial planning framework from what has been done before. This study outlines the basis of the relevant literature review in the theme of Islamic financial literacy research, especially inclusive Islamic financial planning.

Perkembangan Literasi Keuangan Islam: Studi Bibliometrik

“…Perilaku keuangan seorang muslim sudah seharusnya didasarkan pada kewajiban untuk mematuhi syariat Islam, baik dalam mencari sumber pendapatan maupun penegluaran (Sevriana et al, 2022). Memiliki pemahaman yang kuat tentang literasi keuangan syariah akan membantu seorang muslim untuk menghindari praktik-praktik yang tidak sesuai dengan prinsip-prinsip syariah (Dinc et al, 2021).…”

The dilemma of millennial Muslims towards financial management: an Islamic financial literacy perspective

“…Di Paula and Campbell (2002) found that people with high self-esteem accomplished more goals, participated in more goal-seeking activities, expressed greater satisfaction with goal success and deliberated less about unsuccessful plans than people with low self-esteem. Moreover, Islamic financial management has become more important than ever before, specifically as the banning of interest and other prohibitions within the ecosystem should encourage Muslims to be more innovative in establishing its social, financial system (Sevriana et al , 2022). The following sub-section details hypotheses development and relationships are presented in Figure 1.…”

Pengaruh Social Environment, Religiosity dan Sharia Financial Knowledge Terhadap Minat Menggunakan Perbankan Syariah (Studi Kasus Pada UMKM Kabupaten Wonogiri)

“…Masyarakat Muslim semakin meningkat pada setiap periode sehingga mendorong adanya permintaan ekonomi dan sosial terhadap produk dan layanan yang halal sesuai syariat Islam (Hassan et al, 2018). Meskipun jumlah masyarakat Muslim 87% dari total populasi, pada kenyataannya hanya sekitar 16 yang melek keuangan Syariah didukung dengan minimnya literatur perencanaan keuangan syariah (Sevriana et al, 2022). Dengan pemilihan penggunaan keuangan syariah membuktikan mampu berkontribusi nyata dalam pertumbuhan perekonomian.…”