{"id":"https://openalex.org/W4388004969","doi":"https://doi.org/10.1108/jiabr-09-2022-0233","title":"Islamic versus conventional financial market: a meta-literature review of spillover effects","display_name":"Islamic versus conventional financial market: a meta-literature review of spillover effects","publication_year":2023,"publication_date":"2023-10-28","ids":{"openalex":"https://openalex.org/W4388004969","doi":"https://doi.org/10.1108/jiabr-09-2022-0233"},"language":"en","primary_location":{"id":"doi:10.1108/jiabr-09-2022-0233","doi":"https://doi.org/10.1108/jiabr-09-2022-0233","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jiabr-09-2022-0233","pdf_url":null,"source":{"id":"https://openalex.org/S129963087","display_name":"Journal of Islamic accounting and business research","issn_l":"1759-0817","issn":["1759-0817","1759-0825"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-c","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Islamic Accounting and Business Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5091324371","display_name":"Siong Min Foo","orcid":"https://orcid.org/0000-0002-5170-6359","observed_orcids":["https://orcid.org/0000-0002-5170-6359"]},"institutions":[{"id":"https://openalex.org/I130343225","display_name":"Universiti Putra Malaysia","ror":"https://ror.org/02e91jd64","country_code":"MY","type":"education","lineage":["https://openalex.org/I130343225"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Siong Min Foo","raw_affiliation_strings":["Universiti Putra Malaysia School of Business and Economics, , Serdang,","School of Business and Economics, Universiti Putra Malaysia, Serdang, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universiti Putra Malaysia School of Business and Economics, , Serdang,","institution_ids":["https://openalex.org/I130343225"]},{"raw_affiliation_string":"School of Business and Economics, Universiti Putra Malaysia, Serdang, Malaysia","institution_ids":["https://openalex.org/I130343225"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5010081364","display_name":"Nazrul Hisyam Ab Razak","orcid":"https://orcid.org/0000-0001-7631-2391","observed_orcids":["https://orcid.org/0000-0001-7631-2391"]},"institutions":[{"id":"https://openalex.org/I130343225","display_name":"Universiti Putra Malaysia","ror":"https://ror.org/02e91jd64","country_code":"MY","type":"education","lineage":["https://openalex.org/I130343225"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Nazrul Hisyam Ab Razak","raw_affiliation_strings":["Universiti Putra Malaysia School of Business and Economics, , Serdang,","School of Business and Economics, Universiti Putra Malaysia, Serdang, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universiti Putra Malaysia School of Business and Economics, , Serdang,","institution_ids":["https://openalex.org/I130343225"]},{"raw_affiliation_string":"School of Business and Economics, Universiti Putra Malaysia, Serdang, Malaysia","institution_ids":["https://openalex.org/I130343225"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5091358525","display_name":"Fakarudin Kamarudin","orcid":"https://orcid.org/0000-0001-8180-1173","observed_orcids":["https://orcid.org/0000-0001-8180-1173"]},"institutions":[{"id":"https://openalex.org/I130343225","display_name":"Universiti Putra Malaysia","ror":"https://ror.org/02e91jd64","country_code":"MY","type":"education","lineage":["https://openalex.org/I130343225"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Fakarudin Kamarudin","raw_affiliation_strings":["Universiti Putra Malaysia School of Business and Economics, , Serdang,","School of Business and Economics, Universiti Putra Malaysia, Serdang, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universiti Putra Malaysia School of Business and Economics, , Serdang,","institution_ids":["https://openalex.org/I130343225"]},{"raw_affiliation_string":"School of Business and Economics, Universiti Putra Malaysia, Serdang, Malaysia","institution_ids":["https://openalex.org/I130343225"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5050817585","display_name":"Noor Azlinna Azizan","orcid":"https://orcid.org/0000-0002-4331-8209","observed_orcids":["https://orcid.org/0000-0002-4331-8209"]},"institutions":[{"id":"https://openalex.org/I142024983","display_name":"Prince Sultan University","ror":"https://ror.org/053mqrf26","country_code":"SA","type":"education","lineage":["https://openalex.org/I142024983"]}],"countries":["SA"],"is_corresponding":false,"raw_author_name":"Noor Azlinna Binti Azizan","raw_affiliation_strings":["Prince Sultan University College of Business Administration, , Riyadh,","College of Business Administration, Prince Sultan University, Riyadh, Saudi Arabia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Prince Sultan University College of Business Administration, , Riyadh,","institution_ids":["https://openalex.org/I142024983"]},{"raw_affiliation_string":"College of Business Administration, Prince Sultan University, Riyadh, Saudi Arabia","institution_ids":["https://openalex.org/I142024983"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5074419168","display_name":"Nadisah Binti Zakaria","orcid":"https://orcid.org/0000-0002-0836-7355","observed_orcids":["https://orcid.org/0000-0002-0836-7355"]},"institutions":[{"id":"https://openalex.org/I4405278123","display_name":"Universiti Malaya-Wales","ror":"https://ror.org/0527zme82","country_code":"MY","type":"education","lineage":["https://openalex.org/I4405278123"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Nadisah Zakaria","raw_affiliation_strings":["International University Malaya-Wales Faculty of Business, , Kuala Lumpur,","Faculty of Business, International University Malaya-Wales, Kuala Lumpur, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International University Malaya-Wales Faculty of Business, , Kuala Lumpur,","institution_ids":["https://openalex.org/I4405278123"]},{"raw_affiliation_string":"Faculty of Business, International University Malaya-Wales, Kuala Lumpur, Malaysia","institution_ids":["https://openalex.org/I4405278123"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.3778,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.92822642,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"16","issue":"4","first_page":"760","last_page":"790"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.961899995803833,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.961899995803833,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.03150000050663948,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0013000000035390258,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/islamic-finance","display_name":"Islamic finance","score":0.8460000157356262},{"id":"https://openalex.org/keywords/conventional-finance","display_name":"conventional finance","score":0.8870000243186951},{"id":"https://openalex.org/keywords/stock-market-spillovers","display_name":"stock market spillovers","score":0.6019999980926514},{"id":"https://openalex.org/keywords/sukuk","display_name":"sukuk","score":0.7789999842643738},{"id":"https://openalex.org/keywords/islamic-stock-index","display_name":"Islamic stock index","score":0.6940000057220459},{"id":"https://openalex.org/keywords/bond-market","display_name":"bond market","score":0.8240000009536743},{"id":"https://openalex.org/keywords/financial-stability","display_name":"financial stability","score":0.8519999980926514}],"concepts":[{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.6773616671562195},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.5897140502929688},{"id":"https://openalex.org/C2776985281","wikidata":"https://www.wikidata.org/wiki/Q1145541","display_name":"Sukuk","level":4,"score":0.5216562747955322},{"id":"https://openalex.org/C2991718497","wikidata":"https://www.wikidata.org/wiki/Q457753","display_name":"Islamic finance","level":3,"score":0.5174746513366699},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.47575873136520386},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.45619162917137146},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.4499902129173279},{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.44840314984321594},{"id":"https://openalex.org/C178300618","wikidata":"https://www.wikidata.org/wiki/Q1898509","display_name":"Extant taxon","level":2,"score":0.4451241195201874},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.41065818071365356},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3944656252861023},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.34628522396087646},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.24506208300590515},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.1679498255252838},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.15813234448432922},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.14669501781463623},{"id":"https://openalex.org/C190248442","wikidata":"https://www.wikidata.org/wiki/Q839486","display_name":"Qualitative research","level":2,"score":0.10209497809410095},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1108/jiabr-09-2022-0233","doi":"https://doi.org/10.1108/jiabr-09-2022-0233","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jiabr-09-2022-0233","pdf_url":null,"source":{"id":"https://openalex.org/S129963087","display_name":"Journal of Islamic accounting and business research","issn_l":"1759-0817","issn":["1759-0817","1759-0825"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-c","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Islamic Accounting and Business Research","raw_type":"journal-article"},{"id":"pmh:oai:psasir.upm.edu.my:124418","doi":null,"is_oa":false,"landing_page_url":"http://psasir.upm.edu.my/id/eprint/124418/1/124418.pdf","pdf_url":"http://psasir.upm.edu.my/id/eprint/124418/1/124418.pdf","source":{"id":"https://openalex.org/S4377196260","display_name":"Universiti Putra Malaysia Institutional Repository (Universiti Putra Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I130343225","host_organization_name":"Universiti Putra Malaysia","host_organization_lineage":["https://openalex.org/I130343225"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:RePEc:eme:jiabrp:jiabr-09-2022-0233","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/JIABR-09-2022-0233/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":94,"referenced_works":["https://openalex.org/W1580065113","https://openalex.org/W1714793247","https://openalex.org/W1867152431","https://openalex.org/W1917652776","https://openalex.org/W1972955356","https://openalex.org/W1985278115","https://openalex.org/W1991825281","https://openalex.org/W1993641838","https://openalex.org/W1994981518","https://openalex.org/W2010541124","https://openalex.org/W2039734130","https://openalex.org/W2072388065","https://openalex.org/W2109676077","https://openalex.org/W2112765108","https://openalex.org/W2127225860","https://openalex.org/W2139400178","https://openalex.org/W2150220236","https://openalex.org/W2167872491","https://openalex.org/W2211860530","https://openalex.org/W2261558790","https://openalex.org/W2277805675","https://openalex.org/W2319239566","https://openalex.org/W2343343243","https://openalex.org/W2413069637","https://openalex.org/W2553491174","https://openalex.org/W2568767495","https://openalex.org/W2592084954","https://openalex.org/W2600623282","https://openalex.org/W2604035172","https://openalex.org/W2605843424","https://openalex.org/W2607699409","https://openalex.org/W2621018124","https://openalex.org/W2734386155","https://openalex.org/W2756118605","https://openalex.org/W2771153886","https://openalex.org/W2795638390","https://openalex.org/W2888141929","https://openalex.org/W2898036907","https://openalex.org/W2898095615","https://openalex.org/W2910819755","https://openalex.org/W2937631243","https://openalex.org/W2948463743","https://openalex.org/W2949333925","https://openalex.org/W2952675012","https://openalex.org/W2954032685","https://openalex.org/W2965515672","https://openalex.org/W2990450011","https://openalex.org/W2992833266","https://openalex.org/W2999282703","https://openalex.org/W3014934384","https://openalex.org/W3020982786","https://openalex.org/W3023194908","https://openalex.org/W3024262500","https://openalex.org/W3035416096","https://openalex.org/W3035875888","https://openalex.org/W3035939719","https://openalex.org/W3038273726","https://openalex.org/W3038368984","https://openalex.org/W3040844746","https://openalex.org/W3041159098","https://openalex.org/W3043782679","https://openalex.org/W3081612375","https://openalex.org/W3086799921","https://openalex.org/W3087949563","https://openalex.org/W3092378791","https://openalex.org/W3095550190","https://openalex.org/W3108051016","https://openalex.org/W3111741354","https://openalex.org/W3120902329","https://openalex.org/W3122780580","https://openalex.org/W3124420386","https://openalex.org/W3125707221","https://openalex.org/W3125869573","https://openalex.org/W3128426662","https://openalex.org/W3129491683","https://openalex.org/W3132994319","https://openalex.org/W3160856016","https://openalex.org/W3161770591","https://openalex.org/W3167367843","https://openalex.org/W3178023499","https://openalex.org/W3195114321","https://openalex.org/W3215458765","https://openalex.org/W3216302262","https://openalex.org/W4200021906","https://openalex.org/W4205857584","https://openalex.org/W4206928321","https://openalex.org/W4211130022","https://openalex.org/W4213059181","https://openalex.org/W4213291470","https://openalex.org/W4220920332","https://openalex.org/W4280649250","https://openalex.org/W4307734799","https://openalex.org/W4313821215","https://openalex.org/W4361193844"],"related_works":["https://openalex.org/W2488140167","https://openalex.org/W2476239614","https://openalex.org/W2910819755","https://openalex.org/W4388026607","https://openalex.org/W2795638390","https://openalex.org/W6997257664","https://openalex.org/W3206756691","https://openalex.org/W7071948850","https://openalex.org/W2587436866","https://openalex.org/W2767547556"],"abstract_inverted_index":{"Purpose":[0],"This":[1,157],"study":[2,23,129,145,158],"comprehensively":[3],"aims":[4],"to":[5,35,132],"review":[6],"the":[7,25,32,42,56,68,76,136,140,144,155,169,185,188],"key":[8],"influential":[9,57],"and":[10,17,27,49,63,73,75,98,105,107,122,149,163,175,177,180],"intellectual":[11,77],"aspects":[12,58,78,82],"of":[13,44,59,79,187,201],"spillovers":[14,60,119],"between":[15,47,61,90,94,102,120],"Islamic":[16,62,121],"conventional":[18,64,123],"financial":[19,65,124,181],"markets.":[20,125],"Design/methodology/approach":[21],"The":[22,53,111],"uses":[24],"bibliometric":[26],"content":[28],"analysis":[29],"methods":[30],"using":[31],"VOSviewer":[33],"software":[34],"analyse":[36],"52":[37],"academic":[38,160],"documents":[39],"derived":[40],"from":[41,154],"Web":[43],"Sciences":[45],"(WoS)":[46],"2015":[48],"June":[50],"2022.":[51],"Findings":[52],"results":[54],"demonstrate":[55],"markets,":[66],"including":[67],"leading":[69],"authors,":[70],"journals,":[71],"countries":[72],"institutions":[74],"literature.":[80],"These":[81],"are":[83],"synthesised":[84],"into":[85],"four":[86],"main":[87],"streams:":[88],"research":[89,116,202],"stock":[91,95],"indexes;":[92,106],"studies":[93,109,174,194],"indexes,":[96],"oil":[97],"precious":[99],"metal;":[100],"works":[101],"Sukuk,":[103],"bond":[104],"empirical":[108,193],"review.":[110],"authors":[112,137],"also":[113],"propose":[114],"future":[115,173],"directions":[117],"in":[118,152,166,172,198],"Research":[126],"limitations/implications":[127],"Our":[128],"is":[130],"subject":[131],"several":[133],"limitations.":[134],"Firstly,":[135],"only":[138,146],"used":[139],"WoS":[141],"database.":[142],"Secondly,":[143],"includes":[147],"papers":[148],"reviews":[150],"written":[151],"English":[153],"WoS.":[156],"assists":[159],"scholars,":[161],"practitioners":[162],"regulatory":[164],"bodies":[165],"further":[167],"exploring":[168],"suggested":[170],"issues":[171],"improving":[176],"predicting":[178],"economic":[179],"stability.":[182],"Originality/value":[183],"To":[184],"best":[186],"authors\u2019":[189],"knowledge,":[190],"no":[191],"extant":[192],"have":[195],"been":[196],"conducted":[197],"this":[199],"area":[200],"interest.":[203]},"counts_by_year":[{"year":2025,"cited_by_count":8},{"year":2024,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2023-11-01T00:00:00"}