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All Journal Jurnal Hukum Ekonomi Syariah Involvement International Journal of Business
Burhanudin , Ujang
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice

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Penerapan Sistem Moneter Islam Di Lembaga Koperasi Kartini Desa Wanakerta Kecamatan Cibatu Kabupaten Garut Burhanudin , Ujang; Sunarsa, Sasa; Mubarokah, Ismi Latifah
Jurnal Hukum Ekonomi Syariah Vol 3 No 1 (2024): Jurnal Hukum Ekonomi Syariah
Publisher : STAI Al Musaddadiyah Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37968/jhesy.v3i1.770

Abstract

Abstract This article discusses the potential implementation of the Islamic monetary system in cooperative institutions. The Islamic monetary system has different characteristics from the conventional monetary system, namely prioritizing sharia principles such as the prohibition of usury, gharar, and maysir. The implementation of the Islamic monetary system in cooperatives can provide double benefits. On the one hand, cooperatives can carry out economic activities in accordance with Islamic values. On the other hand, the sharia monetary system can strengthen the role of cooperatives as a people-based economic institution that aims to achieve the welfare of members and society. The type of research used is qualitative research, case studies on cooperative institutions that implement the Islamic monetary system. This article explains how cooperative products, services, and governance need to be adjusted to align with sharia principles. In addition, challenges and opportunities in the implementation of the Islamic monetary system in cooperative institutions were also discussed. In conclusion, the implementation of the Islamic monetary system in cooperatives has the potential to realize fair, ethical, and common welfare-oriented economic practices. Keywords: Monetary system; Application of Islamic principles; Cooperation
SWOT Analysis of Ijarah Contracts in the Service Industry: Strategies for Growth and Challenges Enceng, Enceng Iip Syaripudin; Gaussian, Gini; Burhanudin , Ujang; Becic, Armin
Involvement International Journal of Business Vol. 2 No. 1 (2025): January 2025
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v2i1.112

Abstract

The service industry is a critical driver of the global economy, contributing significantly to job creation and quality of life improvement. To remain competitive in an increasingly challenging market, service companies must adopt effective strategies to meet customer expectations. SWOT analysis is a strategic tool that helps businesses identify strengths, weaknesses, opportunities, and threats, making it a valuable approach in this context. This study focuses on applying SWOT analysis to business management in ijarah contracts, a leasing arrangement aligned with sharia principles. The research utilized a qualitative approach, engaging 20 business practitioners in the service industry located in West Java, Indonesia. Data collection methods included in-depth interviews and a comprehensive literature review on ijarah contracts and their application within the service sector. The findings highlight the strengths of ijarah contracts, particularly their compliance with sharia principles and substantial market potential. However, notable weaknesses include limited public understanding of ijarah contracts and the burden of high operational costs. Opportunities such as digitalization and the expanding sharia economy offer significant growth prospects, while threats from conventional financial systems and global economic instability present challenges that require strategic management. The study underscores the importance of addressing operational inefficiencies and enhancing market awareness of ijarah contracts. Furthermore, leveraging digital technology and capitalizing on the growth of the sharia economy can strengthen the position of ijarah-based businesses.
Co-Authors Becic, Armin Enceng Iip Syaripudin Gaussian, Gini Mubarokah, Ismi Latifah Sasa Sunarsa, Sasa