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All Journal ESA 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.
KONSEP GHARĀR DAN PENGARUHNYA TERHADAP KEADILAN EKONOMI Suud Sarim Karimullah
ESA Vol 7 No 1 (2025): FEBRUARI
Publisher : SEKOLAH TINGGI ILMU SYARIAH ABU ZAIRI BONDOWOSO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58293/esa.v7i1.125

Abstract

This study explores how gharār can be identified and minimized in modern transactions that often involve high uncertainty. Library research is used in this study to collect, analyze and interpret data from various written sources in an integrative and comprehensive manner. The results state that the concept of gharār proves the flexibility and depth of Islamic law in responding to modern economic challenges, making it an ethical guide that avoids uncertainty and excessive speculation and promotes fairness, transparency and sustainability in transactions. More than just a prohibition, gharār is the foundation for formulating inclusive economic policies, addressing social inequality, poverty, and environmental degradation through an adaptive approach to technologies such as fintech and e-commerce without compromising sharia values. With collaboration between scholars, regulators, and practitioners, gharār serves as a universal principle that ensures the Islamic economic system remains globally relevant, not only as an alternative but also as a model of transformation towards a more just, sustainable, and collective welfare-oriented economy. Keywords: Gharār, Uncertainty, Justice, Islamic Economics.
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