| Summary: | The main objective of this research is to identify and review all the studies conducted to investigate the relationship between liquidity risk and Asset-Liability Management in Islamic banks. This systematic review was conducted using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses guidelines (PRISMA Statement ®). During the past two decades, a limited amount of literature has been published on Asset-Liability Management in Islamic banks. In fact, from the 1886 articles collected, only 25 studies were included, 8 of them are considered the most relevant ones. It is important to note that most of the selected articles pointed out the importance of practical asset-liability management approaches and techniques used to mitigate liquidity risk. This study gives an overview of the Asset-liability management in Islamic banks considered as an under-researched topic. It identifies the problems, the challenges and the practical approaches adopted by bankers in managing liquidity risk through assets and liabilities. It therefore shows the need for more empirical studies to ensure better conditions and framework for the Islamic financial industry. This is the first review to investigate the previous studies on the Asset-Liability Management of liquidity risk in Islamic banks. The main limitation could be related to some potential relevant works that have not been included in this study. This is due the limited number of databases that the authors had access to.
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