Global Research in Economics and Advanced Theory
Vol 1 No 1 (2024): GREAT Journal

IMPLEMENTING THE BALANCED SCORECARD IN STRATEGIC MANAGEMENT OF SHARIA FINANCIAL INSTITUTIONS

Budi Safatul Anam (Universitas Muhammadiyah Aceh)



Article Info

Publish Date
02 Feb 2024

Abstract

The implementation of the Balanced Scorecard (BSC) in Sharia financial institutions represents a significant evolution in strategic management practices within this sector. This study explores the integration of BSC into the strategic framework of Sharia financial institutions, emphasizing its role in aligning organizational objectives with Sharia principles. Utilizing qualitative methods, including case studies and interviews with industry experts, the research highlights the effectiveness of BSC in enhancing performance measurement and strategic alignment. Findings indicate that institutions employing BSC not only improve operational efficiency but also ensure compliance with Islamic finance principles, thus fostering stakeholder trust. The study concludes that BSC serves as a vital tool for Sharia financial institutions, enabling them to navigate the complexities of the financial landscape while adhering to their ethical mandates. This research contributes to the existing literature by providing empirical evidence on the successful application of BSC in a niche financial sector.

Copyrights © 2024






Journal Info

Abbrev

Great

Publisher

Subject

Religion Humanities Economics, Econometrics & Finance Social Sciences Other

Description

GREAT (Global Research in Economics and Advanced Theory) (ISSN-E 3123-3449) adalah jurnal internasional yang menggunakan sistem peer review ganda dan terbuka, yang menerima artikel penelitian berkualitas tinggi, asli, dan didukung secara teoritis di bidang ekonomi. Hal ini mencakup, namun tidak ...