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The nexus between halal industry and Islamic green finance: a bibliometric analysis

Rodame Monitorir Napitupulu (Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia and Department of Islamic Management Business, UIN Syekh Ali Hasan Ahmad Addary Padangsidimpuan, Padangsidimpuan, Indonesia)
Raditya Sukmana (Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia)
Aam Slamet Rusydiana (IPB University, Bogor, Indonesia)
Utari Evy Cahyani (Department of Islamic Management Business, UIN Syekh Ali Hasan Ahmad Addary Padangsidimpuan, Padangsidimpuan, Indonesia)
Berto Mulia Wibawa (School of Business, Monash University Malaysia, Bandar Sunway, Malaysia and Department of Business Management, Institut Teknologi Sepuluh November, Surabaya, Indonesia)

Journal of Islamic Marketing

ISSN: 1759-0833

Article publication date: 26 June 2024

69

Abstract

Purpose

This scholarly paper aims to explore the interconnections between the halal industry and Islamic green finance while also offering valuable insights and recommendations to various stakeholders, such as government bodies, national planning boards, financial institutions and researchers, concerning the realm of Islamic green finance.

Design/methodology/approach

In total, 783 studies have been indexed in Scopus. However, within the field of economics and business, encompassing the period from 2009 to 2022, only 182 documents meet the specified criteria, which use the “halal AND industry” term from the journal source type. This study uses the VoSViewer software to comprehensively map, synthesize and analyze the available data.

Findings

Notably, research endeavors dedicated to the halal industry have shown a consistent upward trend. The research encompasses five prominent thematic areas, specifically halal certification, consumers of halal products, halal food, the halal industry and the halal food industry. The findings also highlight the existence of a relationship between the halal industry and Islamic green finance, suggesting that Islamic financial institutions possess significant potential to attract investor interest in the halal industry through the application of Islamic green finance, a practice already underway in several countries worldwide.

Practical implications

The findings of this study can serve as a valuable reference for the government and national planning board, enabling them to effectively incorporate the advancement of the halal industry in tandem with Islamic green finance as a pertinent means of funding, which holds significant relevance in attaining the Sustainable Development Goals. Moreover, finance institutions are presented with a favorable prospect to foster the growth of Islamic financial instruments, thereby bolstering their role in facilitating the development of the halal industry sector.

Originality/value

This scholarly investigation represents the inaugural bibliometric study delving into the intricate dynamics between the halal industry and Islamic green finance. Significantly, it sheds light on the profound correlation existing between these domains, thereby providing substantial evidence to substantiate their interrelatedness.

Keywords

Acknowledgements

Special thanks to LPDP for their support in facilitating this study.

Citation

Napitupulu, R.M., Sukmana, R., Rusydiana, A.S., Cahyani, U.E. and Wibawa, B.M. (2024), "The nexus between halal industry and Islamic green finance: a bibliometric analysis", Journal of Islamic Marketing, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JIMA-06-2023-0192

Publisher

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Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

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