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All Journal Al-Hijrah: Journal of Islamic Economics and Banking
Suud Sarim Karimullah
Sekolah Tinggi Ilmu Ekonomi IEU
Economics, Econometrics & Finance

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Family First or Business First? Balancing Family and Business Interests in an Islamic Economic Perspective Suud Sarim Karimullah
Al-Hijrah: Journal of Islamic Economics And Banking Vol 2 No 2 (2024): Al-Hijrah: Journal of Islamic Economics and Banking
Publisher : Institut Agama Islam Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55062/al-hijrah.v2i2.669

Abstract

This article aims to prove that Islamic economics can provide holistic solutions that can be applied to achieve a harmonious balance between family and business interests without sacrificing either of them. This study uses a library research method with an integrative and comprehensive literature analysis to develop a solid and applicable theoretical framework. The results state that the balance between family and business in a family business is not just an effort to divide time and roles but a strategic integration that demands a harmonized vision, high professionalism, and strong values of togetherness. Family businesses can develop professionally without sacrificing family ties by building a vision based on Islamic principles, implementing good corporate governance, maintaining open communication, and enforcing strict role boundaries. This strategy makes the family business a space that creates profit and realizes blessings and long-term prosperity. Only with a thorough commitment to these values can a family business become an example of true strength rooted in togetherness and integrity amidst increasingly fierce competition.
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