Sustainable Entrepreneurship Model in Islamic Fintech: A Systematic Literature Review

Abstract

This paper aims to review the literature on selected social enterprises that offer a business model based on Islamic financial technology. The systematic literature review is conducted based on the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) checklist. Limited studies were found, and some potential gaps were examined among the Fintech social enterprises which offer Islamic business model perspectives. Significant impact on the performances due to the COVID-19 crisis contributed to the limitation agenda on the social enterprises to build its successful offerings. Database of the WOS and Scopus was used to collect results on the systematic literature review, which was done using several keywords. Articles and review papers were selected based on the year of publication (2018-2022) and those with high-ranking English journals. The results of this review are four themes of the social enterprise with Islamic Fintech and their focus on sustainable entrepreneurship that correspond to the issues of society, environment, economics, and finance. This paper concluded that limited empirical evidence associating Islamic Fintech offerings from social enterprises and sustainable entrepreneurship in the Malaysian setting. This paper recommended that future research may explore an Islamic unique element that will explain Fintech leadership with sustainable entrepreneurship.