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Journal : Multidisciplinary Indonesian Center Journal

TYPOLOGY OF FINANCIAL MANAGEMENT STRATEGIES IN ISLAMIC EDUCATIONAL INSTITUTIONS: A SHARIAH ECONOMIC PERSPECTIVE Agus Gunawan; M A Tihami; Euis Asyiah; Ombi, Ombi Romli; Supianto
Multidisciplinary Indonesian Center Journal (MICJO) Vol. 2 No. 3 (2025): Vol. 2 No. 3 Edisi Juli 2025
Publisher : PT. Jurnal Center Indonesia Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62567/micjo.v2i3.751

Abstract

The complexity of the global economy and demands for accountability drive the need for a comprehensive study of financial management strategy typologies that align with the characteristics of Islamic educational institutions and Islamic economic principles. This research aims to identify, classify, and analyze financial management strategy typologies in Islamic educational institutions from an Islamic economic perspective. Effective financial management presents a major challenge for Islamic educational institutions facing global economic complexity and accountability demands, while most still rely on conventional models that have not fully accommodated Islamic values. Using the Systematic Literature Review (SLR) method with the PRISMA protocol, this research analyzed 6 selected articles from 77,522 articles identified from three major academic databases. The results revealed five typologies of financial management strategies in Islamic educational institutions: (1) pure sharia principles-based that emphasize sharia compliance, maqashid sharia, and justice; (2) audit and accountability-based that focus on legal compliance, transparency, and fraud prevention; (3) governance and professionalism-based that prioritize financial manager competence; (4) management function-based that include planning, organizing, implementation, and supervision; and (5) integration of Islamic values into the education system. Despite showing different characteristics, all typologies aim to achieve financial sustainability while maintaining sharia compliance. This research provides a conceptual framework that can serve as a reference in developing adaptive and contextual financial management models according to the characteristics of Islamic educational institutions.
TYPOLOGY OF FINANCIAL MANAGEMENT STRATEGIES IN ISLAMIC EDUCATIONAL INSTITUTIONS: A SHARIAH ECONOMIC PERSPECTIVE Rifaudin , Ahmad; Bayu Pramono; Zainal Muttaqin; Agus Gunawan; M A Tihami
Multidisciplinary Indonesian Center Journal (MICJO) Vol. 2 No. 3 (2025): Vol. 2 No. 3 Edisi Juli 2025
Publisher : PT. Jurnal Center Indonesia Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62567/micjo.v2i3.864

Abstract

The Industrial Revolution 4.0 era and COVID-19 pandemic have accelerated the adoption of digital technology in education, yet Islamic educational institutions face unique challenges in balancing technological modernization with the preservation of authentic Islamic values and scholarly traditions. This research employs the theoretical framework of Resource-Based View (RBV) and the Islamic concept of tawhid to analyze how religious values can serve as strategic resources in creating sustainable competitive advantage through digital technology integration. The objective of this research is to analyze the integration strategy of digital technology with Islamic values in educational innovation and develop an implementation framework to achieve sustainable competitive advantage for Islamic educational institutions. The research utilizes qualitative methods with a library research approach through content analysis and narrative synthesis of international journals, academic books, and current research publications validated through source triangulation from various academic databases. The research findings identify three integration models (content, pedagogical, and systemic), competitive advantage achievement strategies through value-based differentiation and network effects, and a five-dimensional implementation framework (philosophical, structural, operational, evaluative, and adaptive) that can create unique value propositions in learning ecosystems combining spiritual, intellectual, and technological intelligence. The research limitation lies in the library research approach that does not involve empirical validation through case studies or direct implementation in Islamic educational institutions therefore it is recommended to conduct further research with a mixed-method approach that combines theoretical analysis with implementation case studies in various types of Islamic educational institutions to test the effectiveness of the developed framework in diverse practical contexts