International Journal of Sharia Business Management

Challenges and Opportunities in Implementing Sharia Principles in Business Management

2024-03-02T10:17:42+07:00

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.

Innovative Strategy in Integrating Sharia Principles with Modern Business Practices

2024-03-02T15:35:05+07:00

In the last decade, the integration of sharia principles in modern business practices has gained significant attention, prompting businesses to adopt innovative strategies to ensure compliance with Islamic law while remaining competitive in the global marketplace. This article aims to analyze various strategies that have been implemented by sharia businesses to integrate Islamic values with contemporary business practices, highlighting the challenges and opportunities that arise in the process. Using a qualitative approach, this research examines case studies of several companies that have successfully implemented innovative sharia business management, identifying the key factors that influenced their success. The findings show that a deep understanding of sharia principles, innovation in products and services, and transparency and accountability are critical aspects supporting this integration. This article also discusses the implications of these strategies for the further development of the Islamic business sector and offers recommendations for best practices that can be adopted by other companies. It is hoped that this analysis can provide useful insights for business actors who wish to integrate sharia principles in their operations, as well as contribute to the sharia business management literature.

Marketing Strategy in Sharia Business Aligning Values and Innovation

2024-03-05T14:09:19+07:00

Marketing strategy in Islamic business plays a crucial role in integrating Sharia values with innovation to achieve success in a competitive market. This study explores how Islamic businesses can incorporate consistent Islamic principles with Sharia law while adopting innovation to meet the needs and expectations of modern consumers. Through ethical and responsible marketing approaches, Islamic businesses can build strong customer trust and loyalty. This article also discusses the importance of deep understanding of the target market, development of innovative products, and effective marketing communication in implementing successful marketing strategies. Additionally, this research highlights the importance of collaboration among stakeholders to promote competitive advantage and long-term growth in Islamic business. By focusing on Sharia values and innovation, businesses can create unique value propositions that differentiate them from competitors and drive sustainable growth.

The Principles Of Prophet's Leadership In Organizational Management

2023-12-14T14:31:16+07:00

This study discusses the application of leadership principles from the model of Prophetic Leadership within the context of modern organizational management. The method used is a literature review focusing on the main characteristics of prophetic leadership, such as Amanah (integrity and trust), Adl (equal treatment among organizational members), Sabr (composure in facing challenges), and Musyawarah (consultation and collective decision-making). These qualities serve as the foundation for effective organizational management. Amanah emphasizes the importance of trust in managing resources, Adil stresses the necessity of equal treatment for all organizational members, Sabar is highlighted as key in dealing with challenges, and Musyawarah underscores the significance of consultation and shared decision-making. By implementing these principles, it is anticipated that leaders can establish a robust organizational culture, motivate members, and steer the organization towards achieving better goals and collective welfare.

Shopee Affiliate Marketing in Islamic Business Ethics Perspective

2024-01-05T14:13:58+07:00

This journal aims to find out how the shopee affiliate marketing model according to the perspective of Islamic business ethics. The method used is a normative perspective approach that focuses based on certain norms, moral values, or ethical standards. The results that have been obtained from this are that shopee affiliates have applied the principles of Islamic business ethics. From this shopee affiliate program, there are many positive influences on the community to continue to develop business through the shopee marketplace.

Effective Strategy for Sharia Financial and Business Management in The Month of Ramadan

2024-03-06T14:06:23+07:00

This research was conducted with the main aim of exploring effective strategies in sharia financial and business management during the month of Ramadan, with a special focus on developing practical guidelines for sharia business actors. In achieving this goal, this research uses holistic research methods, involving literature analysis, case studies, and in-depth interviews with financial experts and sharia business practitioners. The research results show that the integration of sharia principles in financial and business management has a significant impact on business performance during the holy month of Ramadan. Effective strategies involve the use of zakat funds as an instrument of community economic empowerment, sharia-based product innovation that is responsive to market needs, and the application of Islamic financial principles in asset and investment management. The conclusion of this research confirms that implementing proper sharia financial and business management can be the key to business success in the month of Ramadan. Apart from making a positive contribution to business performance, this strategy also encourages sustainable growth and creates a positive impact in society. Therefore, sharia business actors are encouraged to understand and adopt this strategy in order to optimize economic potential and provide significant added value during the holy month of Ramadan.

Analysis of the Impact of Transformational Leadership on Organizational Commitment and Job Satisfaction

2024-03-09T05:56:34+07:00

This research was carried out with the main aim of analyzing the influence that transformational leadership has on two important aspects in an organization: organizational commitment and employee job satisfaction. Transformational leadership, known for its capacity to inspire and motivate employees, is considered a key factor that can increase both organizational commitment and job satisfaction. Using a qualitative approach, this research in-depth examines how this leadership style influences employees' perceptions and attitudes towards the entity where they work. The research results confirm that transformational leadership plays a vital role in forming a stronger commitment from employees to their organization and increasing their level of satisfaction with their work. This higher organizational commitment and greater job satisfaction was further identified as having a significant contribution to improving overall organizational performance. Based on these findings, it is recommended that organizations strive to develop and maintain transformational leadership practices as a strategy to improve their internal quality, which includes increasing employee commitment and job satisfaction. The implementation of this leadership style is expected to encourage the creation of a more positive and productive work environment, which will ultimately benefit both employees and the organization as a whole.

The Marketing Management of BAZNAS Subang to Increase Muzakki

2024-01-24T11:51:37+07:00

Zakat is one part of the pillars of Islam, which is one of the pillars in building the people's economy. Thus, one of the alternative pillars in solving the problem of getting out of poverty is through optimizing the management of zakat funds that are trustworthy and comprehensive as a form of community funds for the benefit and benefit of mankind. The Amil Zakat Agency formed by the government aims to manage Zakat, infaq, shadaqah. The management of zakat is not solely carried out individually, from muzakki it is handed over directly to mustahiq, but is carried out by an institution that specifically handles zakat, infaq and shadaqah. With the various obstacles faced by the Subang Regency National Amil Zakat Agency, it is necessary to have a management for marketing, because if the marketing is not good, then everything will not run smoothly and will not be able to increase the number of muzakki. This research is a case study research using a qualitative approach by collecting data through observation, interviews and documentation. Data analysis used with data reduction, data presentation and verification. In this study a conclusion can be drawn that the implementation of marketing management carried out by BAZNAS Subang Regency has not fully run in accordance with the provisions that have been implemented.

Analysis of Problem Financing Settlement in Murabahah Agreements with DSN MUI Fatwa

2024-03-31T21:12:25+07:00

This research aims to examine the resolution of financing problems in murabahah contracts by referring to the fatwa of the National Sharia Council of the Indonesian Ulema Council (DSN-MUI). This study focuses on PT BPRS HIK Parahyangan Cileunyi Branch as a case study. The background underlying this research includes the history of Islamic banking, the basic principles of sharia banking, as well as the phenomenon of problematic financing in the context of sharia banks. Problem identification focuses on the factors that cause financing problems, the form of resolution applied, and the conformity of practices with the DSN-MUI fatwa. By limiting the discussion to the concept and implementation of resolving problematic financing in murabahah contracts, this research obtains a descriptive-analytical problem formulation. The research methodology used is a qualitative approach with data collection techniques through semi-structured interviews. The results of this research are expected to provide a comprehensive picture regarding the resolution of problematic financing in murabahah contracts, as well as its conformity with the DSN-MUI fatwa, so that it can contribute to the development of knowledge in the field of sharia economic law and provide practical recommendations for related parties in the sharia banking industry.

The Effect of Compensation on Enhancing Employee Performance

2024-04-04T11:20:02+07:00

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.