The Bibliometric Analysis on Social Impact Measurement and Maqasid Al - Shariah Parameter for Islamic Microfinance

Abstract

The purpose of this study is to quantify scientific production by conducting a bibliometric analysis of articles on Islamic microfinance, with an emphasis on social impact measurement and maqasid al-Shariah, that are available on Scopus. By thoroughly examining research development in this topic, the report assesses several aspects of the scientific landscape, including prevalent research patterns, leading authors, and highly cited publications. This analysis aims to provide insights into the evolution and trends in Islamic microfinance research, particularly its alignment with social impact aims and maqasid al-Shariah principles. This study employs a bibliometric technique to investigate the convergence of Islamic microfinance, social impact measurement, and maqasid alShariah. The screening process was conducted on January 27, 2024. A wide range of keywords and search terms were used to explore titles, abstracts, and keywords in Scopus, a well-known peerreviewed literature database. The analysis covers the period from 2011 to January 2024 and includes 61 papers available online. The analysis found that the number of publications has consistently increased over time, reflecting the academic community's rising interest and awareness of Islamic microfinance, particularly in terms of social impact measurement and maqasid al-Shariah. The findings highlight the growing academic attention to Islamic microfinance and its integration with social impact goals and maqasid al-Shariah principles. This trend underscores the significance of aligning financial practices with ethical and social objectives in the context of Islamic finance.