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Journal : International Journal of Sharia Business Management

Challenges and Opportunities in Implementing Sharia Principles in Business Management Talib, Ahmad; Paturochman, Iwan Ridwan; Ansyori, Ahmad; Al-Amin, Al-Amin
International Journal of Sharia Business Management Vol 3 No 1 (2024): IJSBM: International Journal of Sharia Business Management
Publisher : Sharia Business Management Department of STEBIS Bina Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51805/ijsbm.v3i1.201

Abstract

The integration of Sharia principles into business management represents a burgeoning field of interest in both academic and practical realms. This paper delves into the multifaceted challenges and opportunities encountered in aligning business operations with Sharia mandates. Sharia, grounded in ethical imperatives, seeks to promote justice, transparency, and social welfare when applied to business practices. While the integration of Sharia principles is observed across Islamic economies and increasingly within Western contexts, challenges abound. These include regulatory barriers, market competition, lack of awareness, and interpretation difficulties, all requiring serious attention for successful implementation. Despite these challenges, embracing Sharia principles unveils substantial opportunities. It opens avenues for tapping into Islamic finance markets, enhances brand loyalty, and fosters improved stakeholder relationships. Moreover, it contributes to societal well-being by promoting ethical behavior and social responsibility. A comparative analysis, whether empirical or through literature review, offers insights into the effectiveness and acceptance of Sharia compliance in business management, guiding strategic decision-making for organizations seeking to blend profitability with ethical principles.
The Effect of Compensation on Enhancing Employee Performance Bachtiar Arif, Bachtiar; Romadhoni, Moh. Gufron; Tanjung, Rosdiana Imroati Kurnia; Wibowo, Teguh; Al-Amin, Al-Amin
International Journal of Sharia Business Management Vol 3 No 1 (2024): IJSBM: International Journal of Sharia Business Management
Publisher : Sharia Business Management Department of STEBIS Bina Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51805/ijsbm.v3i1.214

Abstract

This research was conducted with the main objective of identifying the influence of compensation on employee performance at PT Citra Sejati Lestarindo in Bekasi. The research method used is explanatory research, which aims to explain the cause-and-effect relationship between the compensation variable and employee performance. A sample of 68 respondents was taken from the company, using statistical analysis techniques such as regression, correlation, determination, and hypothesis testing. The results of this research show that the compensation variable, expressed in an average score of 3.74, falls within the "good" criteria according to the scale range used in this study. Similarly, the employee performance variable, which obtained an average score of 3.79, also falls within the "good" criteria. This indicates that the majority of respondents view the compensation provided by the company as adequate and having a positive impact on employee performance. Regression analysis shows that compensation has a significant influence on employee performance, with the regression equation Y = 13.242 + 0.658X. A correlation value of 0.754 indicates a strong relationship between the two variables, with the contribution effect of compensation on employee performance reaching 56.9%. The hypothesis test also yielded a t count significantly greater than the t table value, and a significance level smaller than the alpha set, thus accepting the hypothesis that compensation has a positive and significant effect on employee performance statistically. Based on the results of this research, it is recommended that the company maintain and improve its already good compensation policies, and empower employees through the implementation of good regulations and more intensive motivation, in order to continue improving employee performance and satisfaction in the future.
The Role of Sharia Management in the Development of Micro, Small, and Medium Enterprises (MSMEs) Mahadewi, Erlina Puspitaloka; Al-Amin, Al-Amin; El Hasan, Sawqi Saad
International Journal of Sharia Business Management Vol 3 No 2 (2024): IJSBM: International Journal of Sharia Business Management
Publisher : Sharia Business Management Department of STEBIS Bina Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to explore the role of sharia management in the development of Micro, Small, and Medium Enterprises (MSMEs) and how the application of sharia principles can improve the performance and sustainability of MSMEs. The research method used is a qualitative approach with data collection techniques through literature studies, in-depth interviews with MSME actors, and document analysis from Islamic financial management institutions. The results of the study indicate that the application of sharia management in MSMEs, including principles such as transparency, fairness, and the prohibition of usury, contributes significantly to the development of these businesses. Sharia principles not only help in managing risks more effectively but also increase customer trust and loyalty. The conclusion of the study confirms that sharia management plays an important role in facilitating the growth and sustainability of MSMEs by introducing ethical business practices that are in accordance with Islamic values, as well as increasing MSME access to more integrated financing and support.