al-Uqud : Journal of Islamic Economics
Vol. 5 No. 2 (2021): July

Ulema's Business Strategy in Indonesia: A Study Case

Zainal Abidin (Institut Agama Islam Negeri Madura)
Ahmad Ajib Ridlwan (Universitas Negeri Surabaya)



Article Info

Publish Date
30 Jul 2021

Abstract

The role of ulema in the life of the Madurese community is not only as a religious leader but also as an advisor in all aspects of life, e.g., marriage, childbirth, aqiqah, and death. In addition, ulema also plays a role in the development of community business, as has been done by several ulemas in Madura, such as one of the caregivers of the most prominent Islamic boarding school in Madura. This study aims to analyse the business strategy of Madurese ulama. It is qualitative research with in-depth interviews about the business strategy developed by ulema in Madura. Four Islamic boarding schools and ulema are the objects of this research, so this research concludes that the ulema in Madura do not have a specific business strategy. However, observing the business practices carried out by the Madurese ulama, the ulema has implemented a business strategy, namely a product differentiation strategy. Product differentiation strategy is a competitive strategy that refers to different customer perceptions of the same product. Thus, all business areas cultivated by ulema will be developed on the condition that they do not conflict with Islamic teachings.

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Journal Info

Abbrev

jie

Publisher

Subject

Economics, Econometrics & Finance

Description

al-Uqûd : Journal of Islamic Economics published by the Islamic Economic Studies Department of Economics Faculty of Economics, Universitas Negeri Surabaya in cooperation with the Forum of Economic and Business Lecturer Islam (FORDEBI). al-Uqûd published twice a year, in January and July. The ...