Islamic Wealth Management as a Framework for Micro and Small Enterprise Sustainability

Maksum Maksum (Islamic Studies, Postgraduate Program, Universitas Islam Negeri Sunan Kalijaga, Yogyakarta, Indonesia)
Aziz Muslim (Islamic Studies, Postgraduate Program, Universitas Islam Negeri Sunan Kalijaga, Yogyakarta, Indonesia)
Mukhamad Yazid Afandi (Islamic Financial Management, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga, Indonesia)

LAN TABUR: JURNAL EKONOMI SYARIAH
Vol. 7 No. 2 (2026): (March)

Introduction: Micro and small enterprises (MSEs) in Muslim-majority countries face sustainability challenges amid economic instability and post-pandemic pressures. Conventional frameworks emphasize profit maximization but often overlook ethical and spiritual dimensions integral to Islamic values. This study develops Islamic Wealth Management (IWM) as a comprehensive framework for MSE sustainability through authentic Islamic principles. Methods: This exploratory study employs qualitative library research, analyzing classical Islamic texts, contemporary Islamic financial practices, and academic literature using content analysis techniques. Results: Five core IWM aspects (wealth creation, accumulation, protection, purification, distribution) form an integrated system supporting MSE sustainability across economic, social, and spiritual dimensions. This creates a sharia-based circular economy where wealth distribution becomes wealth creation, embodying Qur'anic principles of equitable circulation. Conclusion and suggestion: IWM provides a viable alternative to conventional sustainability models. Future research should develop measurement instruments for spiritual sustainability and examine institutional ecosystems required for effective implementation.