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All Journal Proceeding International Seminar of Islamic Studies
Addin Hrp, Miftah Rizki
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Religion Arts Astronomy Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Mathematics Physics Other

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RISK MANAGEMENT PROCESS: PILLARS OF SUCCESS IN BUSINESS Addin Hrp, Miftah Rizki; Haikal, M. Fikri; Sugianto, Sugianto
Proceeding International Seminar of Islamic Studies INSIS 6 (February 2024)
Publisher : Proceeding International Seminar of Islamic Studies

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Abstract

Risk management in the context of Islamic business is important in facing global challenges and ongoing economic changes. This is due to market complexity, economic uncertainty, currency fluctuations and various other risk factors that can affect the business. In addition, Islamic business principles demand different treatment in managing risk, with an emphasis on ethics and compliance with sharia. The aim of this research is to provide information about the risk management process using a literature review methodology, namely a research approach involved in the analysis, assessment and integration of texts relevant to a specific subject. There are four stages in the risk management process, namely risk identification, risk measurement. By applying risk management principles, organizations can reduce uncertainty, maintain sustainability, and achieve their goals more successfully.
Co-Authors Haikal, M. Fikri Sugianto Sugianto