Global and national trends in sharia pension fund research english
Main Article Content
Abstract
This study examines global and national trends in the development of Sharia pension funds, which have experienced significant growth in recent years. Globally, Sharia pension funds attract both Muslim and non-Muslim investors due to their ethical principles and competitive investment performance. In Indonesia, growth is driven by increasing public awareness of Sharia-based financial planning and regulatory support from the Financial Services Authority (OJK) and DSN-MUI fatwas. Although Sharia pension fund assets remain smaller than conventional pension funds, the asset growth trend is steadily increasing. Key challenges include low Sharia financial literacy, limited product offerings, and the dominance of conventional pension funds. Nevertheless, large market potential and supportive policies offer promising opportunities for further development of Sharia pension funds.
Downloads
Article Details
References
Al-Amine, M. (2023). Risk-sharing mechanisms in Islamic pension funds: Evidence from the UAE. Journal of Islamic Finance, 15(2), 112–130.
Budianto, A. (2022). Bibliometric analysis of musyarakah contract research in Islamic financial institutions in Indonesia. Jurnal Ekonomi Syariah, 10(1), 45–59.
Cahyono, P., & Yazid, M. (2022). The development of Sharia pension funds in Indonesia. Jurnal Ilmu Ekonomi, 17(2), 101–115.
Financial Times. (2024). Global growth of Islamic pension assets driven by millennials. https://www.ft.com/ (if available, include exact URL)
Hafid, A., Rahman, F., & Lestari, N. (2024). Sharia pension fund management model: Library research and descriptive analysis. Jurnal Keuangan Syariah, 9(1), 55–70.
Indonesia Sharia Economic Outlook. (2024). Indonesia Sharia Economic Outlook. Jakarta: Komite Nasional Ekonomi dan Keuangan Syariah (KNEKS).
JIEBR. (2024). Global and national trends in Sharia finance research: Bibliometric analysis. Journal of Islamic Economic and Business Research, 8(1), 1–15.
Otoritas Jasa Keuangan. (2023). Roadmap for the development of Indonesian pension funds 2023–2028. Jakarta: OJK.
Otoritas Jasa Keuangan. (2024). Statistics of Sharia pension funds in Indonesia. Jakarta: OJK.
OJK Survey. (2024). National survey on Sharia financial literacy and inclusion. Jakarta: OJK.
Prudential Syariah. (2025). Sharia pension funds as a future financial solution. Jakarta: Prudential Indonesia.
Putri, D. A., & Ninglasari, S. (2023). Bibliometric analysis of Sharia insurance and actuarial research in Indonesia. Jurnal Riset Ekonomi Syariah, 11(2), 77–90.
Saefudin, A. (2024). Implementation of Wakalah bil Ujrah contract in Sharia pension fund institutions. Balanca Journal of Islamic Economics, 6(1), 88–99.
Zubaidah, N., & Ninglasari, S. (2023). Integration of quantitative and qualitative methods in Sharia research.