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Impact of Islamic Finance and Islamic Banking on Financial Stability: A Systematic Literature Review

Bisma Omar et al.

Journal of Islamic Business & Management2025https://doi.org/10.26501/jibm/2025.1501-006article
AJG 1
Weight
0.37

What the paper says

Islamic Finance has emerged as a significant tool for financial development, with a 12% annual increase. It is regarded as a prominent component in achieving financial stability, grounded in the concepts of risk-sharing and profit-sharing. With its rapid expansion, previous research has sought to ascertain its impact on financial stability. However, there has been considerable uncertainty regarding which areas or concepts warrant further focus. This review responds to gaps left by Belouafi et al., (2015) and others, offering a comprehensive synthesis of recent studies (2016–2023) to re-evaluate Islamic finance's contribution to financial stability. Research Design: The authors conduct an in-depth analysis of existing journals to create a systematic review of Islamic finance and its impact on financial stability, with a focus on studies published from 2016 to 2023.

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https://doi.org/https://doi.org/10.26501/jibm/2025.1501-006

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@article{bisma2025,
  title        = {{Impact of Islamic Finance and Islamic Banking on Financial Stability: A Systematic Literature Review}},
  author       = {Bisma Omar et al.},
  journal      = {Journal of Islamic Business & Management},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.26501/jibm/2025.1501-006},
}

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Impact of Islamic Finance and Islamic Banking on Financial Stability: A Systematic Literature Review

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.