International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

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 Volume 11, Issue 9 (September 2024), Pages: 23-35

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 Review Paper

Profit-loss sharing principle in the Islamic finance industry: Current pattern and future direction

 Author(s): 

 Fauzul Hanif Noor Athief 1, *, Dafa Anisa 1, M. Qoshid Al Hadi 2, Azhar Alam 1

 Affiliation(s):

 1Islamic Economic Laws Department, Universitas Muhammadiyah Surakarta, Surakarta City, Indonesia
 2Islamic Economics Department, Islamic University of Kalimantan Muhammad Arsyad Al Banjari, Banjarmasin, Indonesia

 Full text

  Full Text - PDF

 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0002-4784-904X

 Digital Object Identifier (DOI)

 https://doi.org/10.21833/ijaas.2024.09.004

 Abstract

The Islamic banking and finance industry is founded on Islamic principles, with one of its main concepts being Profit-Loss Sharing (PLS). The rapid growth of the industry has led to extensive research on PLS. This study aims to capture the dynamic research landscape on PLS by examining the intellectual network, including the most influential scholars, countries, articles, publishing journals, and frequently discussed topics, as well as suggesting future research directions. We use bibliometric analysis to explore this topic, drawing data from the Scopus database. A total of 421 documents from 1992-2022 were analyzed. The study finds that Malaysia is the most productive country, Kabir Hassan is the most influential scholar, and the Journal of Islamic Accounting is the leading journal in the field. Four main topics are identified: the general theme of PLS, the implementation of PLS in different countries, PLS products, and governance and risk related to PLS. Future research is recommended based on these four topics.

 © 2024 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords

 Profit-loss sharing, Islamic banking and finance, Bibliometric analysis, Intellectual network, Governance and risk in PLS

 Article history

 Received 19 March 2024, Received in revised form 28 July 2024, Accepted 1 September 2024

 Funding

This research is supported by the Centre for Research and Development, Universitas Muhammadiyah Surakarta (Grant number: 01.5/A.6-II/FAI/1/2022).

 Acknowledgment

No Acknowledgment.

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Athief FHN, Anisa D, Hadi MQA, and Alam A (2024). Profit-loss sharing principle in the Islamic finance industry: Current pattern and future direction. International Journal of Advanced and Applied Sciences, 11(9): 23-35

 Permanent Link to this page

 Figures

 Fig. 1 Fig. 2 Fig. 3 Fig. 4 Fig. 5 Fig. 6 Fig. 7 

 Tables

 Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7 Table 8 Table 9  

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