Proceeding International Seminar of Islamic Studies
INSIS 6 (February 2024)

RISK MANAGEMENT PROCESS: PILLARS OF SUCCESS IN BUSINESS

Addin Hrp, Miftah Rizki (Unknown)
Haikal, M. Fikri (Unknown)
Sugianto, Sugianto (Unknown)



Article Info

Publish Date
15 Sep 2024

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.

Copyrights © 2024






Journal Info

Abbrev

insis

Publisher

Subject

Religion Arts Astronomy Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Mathematics Physics Other

Description

Proceeding International Seminar of Islamic Studies, published by the Faculty of Islamic Religion, University of Muhammadiyah Sumatera Utara (UMSU), Medan, Indonesia, which includes articles on the scientific research field of Islamic studies and Islamic education, Islamic law, and Islamic ...