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All Journal Jurnal Ekonomi Manajemen Jurnal Wahana Pendidikan Jurnal Pengabdian Masyarakat Nusantara Journal of Research in Social Science and Humanities Indonesian Journal of Social Science Research Jurnal Bina Bangsa Ekonomika WELFARE Jurnal Ilmu Ekonomi International Journal of Sharia Business Management Cendekia: Jurnal Pendidikan dan Pemberdayaan Masyarakat
Paturochman, Iwan Ridwan
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Religion Arts Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Mathematics Social Sciences Other

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Journal : International Journal of Sharia Business Management

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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.
Co-Authors Ahmad Talib Al-Amin, Al-Amin Ansyori, Ahmad Asep Budiman Badriatin, Tine Dede Arif Rahmani Fadillah, Randy Fahmi, Annas Syams Rizal Fathmi, Indriya Gustaman, Randy Fadillah Hayati, Jurni Kurniawan, Dian Kurniawati, Ane Lucky Radi Rinandiyana Mubarok, Agus Triana Muktar, Muktar Mulyani, Elis Listiana Muzaki, Rizki Ali Riduwansah, Riduwansah Sani, Ageng Asmara Saputra, Kosasih Adi Sirait, Budi Chrismanto Yuliani, Novi Mela Zulqarnain Zulqarnain, Zulqarnain