RESEARCH TRENDS IN SUKUK STUDIES: A BIBLIOMETRIC ANALYSIS OF GLOBAL ACADEMIC PUBLICATIONS

Kuanova L. Kenzhegulova G. Akhmetkyzy A.
2025 LLC CPC Business Perspectives

Investment Management and Financial Innovations
2025 #22 Issue 2 338 - 353 pp.

Demand for ethical and Sharia-compliant investment instruments has driven substantial academic interest in Sukuk, a key component of Islamic finance offering alternatives to conventional bonds. The paper aims to analyze research trends in the field of Sukuk through a comprehensive bibliometric and content analysis of publications indexed in Scopus and Web of Science from 1990 to 2024. Relationships between authorship patterns, institutional affiliations, geographical distribution, applied methodologies, and key findings are examined to identify emerging research trajectories in the field of Sukuk. The analysis covers the evolution of research topics over 33 years, assessing annual achievements, influential articles, keyword dynamics, and topical changes. The paper uses a hybrid method, including bibliometric and content analysis and a systematic literature review (SLR) using the PRISMA methodology, which ensures a high degree of scientific validity. The findings marked growth in Sukuk-related research in the past decade, with growing attention to sustainable finance (Environmental, Social, and Governance Sukuk), green Sukuk, and digitalization. Thematic mapping identifies five major research clusters in Scopus and six in Web of Science, emphasizing investment efficiency, regulatory challenges, Sharia compliance, and market integration. Additionally, the crucial impact of Sukuk on risk management and resilience was revealed during crises while uncovering ongoing gaps such as low secondary market liquidity, insufficient standardization, and limited cross-border compatibility.

financial instruments , Islamic banking , Islamic finance , Islamic investments , Sukuk , Sukuk market , Sukuk structure

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Al-Farabi Kazakh National University, Kazakhstan
Finance and Accounting Department, University of International Business named after K. Sagadiyev, Kazakhstan
University of International Business named after K. Sagadiyev, Kazakhstan

Al-Farabi Kazakh National University
Finance and Accounting Department
University of International Business named after K. Sagadiyev

10 лет помогаем публиковать статьи Международный издатель

Книга Публикация научной статьи Волощук 2026 Book Publication of a scientific article 2026