ISLAMIC BUSINESS AND MANAGEMENT

Abstract

Theoretical studies in the field of Islamic Business and Management focus on the application of Islamic principles in the context of the business world and organizational management. This approach emphasizes the integration of ethical values, justice, transparency and social responsibility, which are the core of Islamic teachings, into modern business practices. This research aims to identify and analyze management theories that are in accordance with Islamic teachings, as well as to explore their contribution to the development of sustainable and ethical business models. These theories include concepts such as fairness in transactions, the prohibition of usury (interest), the principle of profit-sharing, and social responsibility towards society and the environment. This study also discusses the challenges faced in implementing these principles in an increasingly complex business world. Through this theoretical approach, it is hoped that it can provide new insights into business management that not only prioritizes profits, but also social sustainability and morality.