Performance Measurement for Islamic Social Finance: Insight from existing literature
Lusiana Handayani (a,b*)- Tika Widiastuti (a)- Raditya Sukmana (a)- Basyirah Ainun (b)

(a) Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia
(b) Department of Accounting, Politeknik Negeri Banjarmasin, Banjarmasin, Indonesia
*lusiana.handayani-2021[at]feb.unair.ac.id

Abstract

Islamic social financial institutions have played a crucial role in enhancing community welfare. Consequently, these institutions must be managed professionally, and to improve the management quality, implementing a performance measurement tool is essential. This paper aims to review the existing literature on performance measurement for Islamic Social Finance Institutions, as published in Scopus databases, and to provide lessons that can be learned by stakeholders. A hybrid approach, incorporating bibliometric and content analysis methodologies, was adopted. The authors collected 89 articles spanning the period from 1996 to 2024. The data were analysed using VOSviewer and content analysis methods. As a result, the authors identified three distinct categories in the literature on performance measurement for Islamic Social Finance (ISF): waqf institutions, performance measurement, and zakat institutions. Comprehensive discussion were conducted to highlight the importance of performance measurement for ISF institutions based on each categories. Furthermore, the finding of this study offer valuable guidance for future research in this area.

Keywords: Performance Measurement- Islamic Social Finance- Zakat Institution- Waqf Institution- Islamic Accounting

Topic: Islamic social finance