Siti Hurul Aini
Perbanas University

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Mapping peer-to-peer lending research: A bibliometric review of publication growth, knowledge structure, and future research agenda Siti Hurul Aini
Journal of Financial Literacy Vol. 1 No. 1 (2026): January 2026
Publisher : Privietlab

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Abstract

Peer-to-peer lending has become a significant topic in digital finance because it connects borrowers and lenders through online platforms, reduces some traditional banking frictions, and exposes new forms of information asymmetry, platform risk, and regulatory complexity. This manuscript presents a bibliometric review of peer-to-peer lending research to identify how the field has developed, which publication outlets and countries dominate knowledge production, and which themes now structure the research agenda. The review uses a secondary bibliometric synthesis based on published Scopus-oriented bibliometric evidence covering 2007-2024, complemented by methodological guidance from bibliometric research and selected substantive studies on credit risk, trust, financial inclusion, and regulation. The synthesis indicates that peer-to-peer lending research progressed from early platform-novelty studies to a mature, multidisciplinary field. Publication growth accelerated after 2015, reached a peak around 2020-2021, and then entered a consolidation phase marked by risk, artificial intelligence, market governance, and inclusion-oriented questions. Core themes include information asymmetry, lender trust, borrower soft information, default prediction, financial inclusion, small and medium enterprise financing, data protection, and sustainable or Islamic lending models. The article contributes by integrating performance analysis and thematic science mapping into a research agenda for management, finance, information systems, and public policy scholars. The findings suggest that future studies should move beyond prediction accuracy and adoption questions toward explainable risk models, responsible platform governance, consumer protection, financial well-being, and comparative institutional analysis.
Islamic financial literacy in the world’s largest Muslim Economy: Rethinking the road to inclusive finance in Indonesia Siti Hurul Aini
Journal of Financial Literacy Vol. 1 No. 2 (2026): July 2026
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jfl.v1i2.2116

Abstract

Indonesia hosts the world’s largest Muslim population, yet its Islamic financial sector remains a modest player in the national financial system, and millions of Indonesians remain outside formal finance altogether. This commentary argues that the dominant strategy for growing Islamic finance in Indonesiaappealing to religious identity and Sharia compliance as the primary marketing propositionhas reached its natural limits. Drawing on a growing body of Indonesian and comparative evidence, I contend that religiosity influences financial choices in ways that are mediated, moderated and segmented, and therefore cannot by itself convert faith into sustained participation in Islamic finance. The missing lever is Islamic financial literacy understood as a multidimensional capability encompassing knowledge, attitude, behavior and awareness, rather than a narrow familiarity with religious prohibitions. Evidence from Indonesian micro, small and medium enterprises shows that Islamic financial literacy operates primarily through financial inclusion to improve business performance, implying that literacy building and inclusion infrastructure must be pursued jointly. I outline the policy architecture such a strategy requirescurriculum integration, fintech-enabled delivery, segment-sensitive communication and standardized measurementand identify research priorities. The argument repositions Islamic financial literacy from a peripheral educational concern to the central mechanism of inclusive Islamic finance. Keywords: Islamic financial literacy; financial inclusion; religiosity; Islamic banking; Indonesia