Evaluating Study on Informal Credit Market: A Comprehensive Literature Review

Izzani Ulfi (Department of Sharia Economics, Faculty of Economics and Business, Universitas Gunadarma, Indonesia)
Zera Zuryana Idris (Centre for Islamic Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia (IIUM), Malaysia)
Tjiptohadi Sawarjuwono (Department of Accounting, Faculty of Economics and Business, Universitas Airlangga, Indonesia)
Achsania Hendratmi (Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Indonesia)

Falah : Jurnal Ekonomi Syariah
Vol. 8 No. 2 (2023): AUGUST

The linkage between formal and informal credit markets has contributed to the existence of moneylenders’ practice. The purpose of this paper is to systematically examine the patterns in the scientific literature on the issue of informal moneylenders. Using a scientometric approach and critical review, this study finds new keywords in recent studies such as payday loans, financial literacy, sustainable development, empowerment, and financial knowledge. Based on the results, the theme of zakah has evolved from 1917 to 2020. Overall, the interest in the research topic on informal moneylenders exhibits an increasing pattern. Anthony Pennington-Cross is the most productive author of articles concerning informal moneylenders with a total of 7 publications. The findings of this paper should serve as guidance for prospective researchers to embark on new research ideas concerning informal moneylender practices as well as promoting the importance of Islamic financial institutions.