The Evolution of the Sharia Capital Market: A Systematic Literature Review (SLR) Approach (2000–2024)
DOI:
https://doi.org/10.61166/values.v3i4.98Keywords:
Islamic Capital Market, Sukuk, Digitalization, Sharia Regulation, SLRAbstract
This article examines the evolution of the Islamic capital market in Indonesia during the period 2000-2024 by using the Systematic Literature Review (SLR) approach. Through selection and analysis of various scientific publications, four main themes were obtained: the development of regulations and instruments, the role of Islamic investors product and technology innovation, and the impact of digitalization and its challenges. The results of the study show that the Islamic capital market is experiencing rapid growth marke by diversification of instruments, strengthening of regulations, and integration of digital technology. However, there are still structural barriers such as low literacy, limited human resources, and unsynchronized regulations. This study provides conceptual contributions for the development of an inclusive, adaptive, and sustainable Islamic capital market in the era of digital transformation.
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Copyright (c) 2026 Muhammad Daffa Egy Fernanda, Taufiqur Rahman
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