Title: A new lens: reframing performance measurement for Islamic social finance
Authors:
- Lusiana Handayani;
- Tika Widiastuti;
- Raditya Sukmana;
- Basyirah Ainun;
- Rodame Monitorir Napitupulu Department: Department of Islamic Economics
Journal Name: Journal of Islamic Accounting and Business Research Kinds of Journal: Scopus Q2
Keywords: Islamic microfinance; Islamic social finance; Performance measurement; Waqf; Zakat
Abstract::
Purpose – This paper aims to review existing literature on performance measurement for Islamic social finance (ISF) indexed in Scopus to understand the impact of ISF on community welfare and provide actionable insights for stakeholders. Design/methodology/approach – A hybrid research approach was used, integrating bibliometric and content analysis methods. On bibliometrics, 89 articles indexed in Scopus from 1996 to 2024 were identified. Subsequently, 24 selected papers were conducted to delve deeper into the specific methodologies, findings and implications for ISF performance measurement. VOSviewer and MAXQDA were used for data analysis and visualization. Findings – The analysis identified three key categories of literature, namely: waqf institutions, Islamic microfinance and zakat institutions. The in-depth discussion highlighted the importance of robust performance measurement practices conducted for each category, demonstrating that these can enhance institutional efficiency, accountability and sustainability. Research limitations/implications – This study is restricted to articles indexed in Scopus, and therefore, valuable insights may be missing from the literature of other databases. Practical implications – The findings will provide valuable insights for ISF institutions to develop and implement effective performance measurement frameworks that best suit their respective purposes and contexts. Originality/value – This paper systematically reviews the extant literature on ISF performance measurement. Key themes and trends were identified through content analysis.
For details: https://doi.org/10.1108/JIABR-12-2024-0519