A review on literature of Islamic microfinance from 2010-2020: lesson for practitioners and future directions
Pupun Saepul Rohman,
Bayu Arie Fianto,
Syed Alamdar Ali Shah,
Umar Nawaz Kayani,
Noven Suprayogi,
Indri Supriani
Affiliations
Pupun Saepul Rohman
Department of Sharia Accounting, Mayasari Business Polytechnic, Mayasari Plaza Complex No. 1-4, Argasari, Cihideung District, Tasikmalaya, 46122, Indonesia; Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No. 4, Surabaya, 60286, Indonesia
Bayu Arie Fianto
Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No. 4, Surabaya, 60286, Indonesia; Corresponding author.
Syed Alamdar Ali Shah
Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No. 4, Surabaya, 60286, Indonesia
Umar Nawaz Kayani
College of Business Administration, Al Falah University, Dubai, United Arab Emirates
Noven Suprayogi
Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No. 4, Surabaya, 60286, Indonesia
Indri Supriani
Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No. 4, Surabaya, 60286, Indonesia
This study reviews the literature related to Islamic microfinance institutions (IMFI) published in reputable international journals. The manuscripts that have been collected consist of 71 papers that are classified into several study topics. The most researched topic is Poverty alleviation with as many as 25 papers (35%). Next are the papers with the topic of Waqf-based microfinance as many as 12 papers (17%). This follows with 11 papers on the topic of Marketing & Fintech (15%), and 10 papers on the topic of Sustainability & Outreach (14%). Meanwhile, the paper with the theme Maqashid Shariah ranks fifth with a total of 7 papers (10%). Finally, there are 6 papers with the theme of Risk management & Governance (8%). At the end of each topic, the essence of research is presented for future research, which will be useful for academics and practitioners.
