The Nexus Between a Green Economy and Islamic Finance: Insights from a Bibliometric Analysis
Keywords:Green economy, Islamic Finance, Sustainable Development, Sukuk, Bibliometric
A green economy is expected to solve the failure of the conventional economy to address climate change. It would do this by emphasising the balance between economic and environmental factors – an approach that is in line with the existing concept of Islamic finance. As a new field, research related to the green economy is still developing. This study attempts to provide quantitative information on this development. In total, Scopus lists 1183 papers, including journal articles, book chapters, and conference papers, on this subject, all produced between 1961 and 2021. This study employed the Biblioshiny package from R-studio and Excel software to synthesise and analyse this data. In addition, we identified relevancies between the green economy and Islamic finance using existing research. Regarding the results obtained, the natural fit between Islamic finance and a green economy would naturally support the implementation of the latter. Furthermore, the results show that sukuk, in particular, is a potential instrument in Islamic finance for promoting a green economy.
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