A document by Rashid Ating . Click on the document to view its contents.

Youth bankruptcy in Malaysia never happened in the 70s-80s, even in the 90s. However, entering the millennium age, starting in 2018, this issue caught everyone's attention and is quite concerning. Using the PISA examination result in Mathematics as an indication, we discovered the millennials that aged within this age group were the same cohort of students that were taking part in PISA 2009 (they were born in 1994 or 1995, and they aged between 29 and 28 years old in 2023) while in PISA 2012 (they were born in 1997 or 1998, they aged between 26 and 27 in 2023). In this examination, 15-year-old students in Malaysia performed below the average compared to their ASEAN counterparts. The impact of lower financial literacy among 15-year-olds and adults in Malaysia translated into high bankruptcy cases involving the millennial generation from 2018 until 2022. Malaysia never reached the OECD average score even a single time from 2009 until 2012. Data from the Department of Insolvency Malaysia show that millennial bankruptcy cases decreased from 2018 until 2022. Indeed, this is a sign that youth nowadays have become more aware and prudent with their financial spending. Still, there is a need for some government intervention and other related parties to prevent this issue from getting worse in the future.

A document by Rashid Ating . Click on the document to view its contents.

For the last ten (10) years, there has been a significant shift toward the acceptance of Muslim practices worldwide. For instance, Islamic banking started initially in Muslim-majority countries and has now spread to other parts of the world; the same goes for the concept of halal tourism. Although this concept is compulsory for Muslims, it slowly garnered attention from non-Muslim majority countries such as European countries. Using bibliometric analysis, the researchers discovered the first publication about halal tourism was recorded in 2011. On the other hand, Indonesia was the leading country in terms of halal tourism research publications. Developed countries that are non-Muslim majority that are keen on halal tourism research are from the European Union (EU). Sustainability, MDPI, a publisher based in Switzerland was the leading journal in terms of halal tourism research, while Heesup Han was the leading author. Qualitative methods and PLS-SEM were mostly used for the statistical method in halal tourism research papers. Using the VOS Viewer software application, the researchers discovered that there are four (4) key theme occurrences in published halal tourism research. Limitations faced and further suggestions for future research are also included in this paper.

INTRODUCTION: Islamic finance has grown significantly in recent decades, with Islamic banks and financial institutions operating not only in Muslim-majority countries but also in other regions. Conducting bibliometric studies to analyze trends in Islamic banking is crucial for addressing pressing global challenges, identifying knowledge gaps, guiding policy decisions, and fostering collaboration among scholars. OBJECTIVES: This study aims to explore research patterns, collaboration networks, and thematic trends in publications on Islamic banking. Furthermore, this research seeks to see further research that can be conducted on Islamic banking. METHODS: Examining 3115 papers published between 1983 and 2023 from the Scopus database using the Reporting Items for Systematic Reviews and Meta-Analysis (PRISMA) framework, this research utilizes R-Biblioshiny software for analysis. RESULTS: The study reveals a remarkable 66% increase in literature on Islamic banking. Notably, the International Islamic University Malaysia emerges as the most productive institution, while Malaysia, Indonesia, Pakistan, and the United Kingdom lead in productivity. Surprisingly, nations with non-Muslim-majority populations like the UK, USA, Australia, and the Netherlands garner the most citations. The extensive involvement of 88 countries in this literature underscores the global significance of Islamic banking, drawing interest from diverse authors worldwide. Moreover, the research categorizes four decades of Islamic banking studies into four thematic groups. CONCLUSION: This study reflects a transition of topics from traditional themes, such as riba, to the newest topics, such as corporate governance and financial technology. These findings offer valuable insights for understanding the evolving knowledge of Islamic banking research and identifying emerging research areas.