The Indonesian Journal of Islamic Economics Research
Vol. 6 No. 2 (2024)

The role of Maqashid-Syariah in enhancing business sustainability through green dynamic capability and marketing strategies

Satria Avianda Nurcahyo (Universitas Ngudi Waluyo, Indonesia)
Anisa Dewi Arismaya (Universitas Islam Negeri Salatiga, Indonesia)
Muhammad Anis (Universitas Islam Sharif Ali, Brunei Darussalam)



Article Info

Publish Date
27 Dec 2024

Abstract

Abstract This study aims to explore the role of Maqashid Syariah in enhancing business sustainability through the integration of Green Dynamic Capability and marketing strategies, focusing on PT Bank Muamalat in the Central Java province. A quantitative research approach was employed, using the Structural Equation Modeling (SEM) with Partial Least Squares (PLS) to analyze the relationships between variables. SEM PLS was chosen for its ability to evaluate complex models and measure latent variables that cannot be directly observed. Data were collected through a survey targeting 280 permanent employees of Bank Muamalat, using a saturated sampling technique to ensure comprehensive representativeness. The results of the study supported several hypotheses, showing that Maqashid Syariah positively influences marketing strategies and business sustainability. However, the impact of Green Dynamic Capability on innovation and business sustainability was not fully significant, indicating the need for further optimization in the implementation of green strategies. These findings suggest that Bank Muamalat can enhance its competitiveness by strengthening the application of Maqashid Syariah principles, particularly in marketing strategies, while simultaneously improving the integration of environmental sustainability initiatives. The study provides critical managerial implications, highlighting the importance of continuous monitoring and evaluation to ensure the effectiveness of these strategies in achieving long-term sustainability.  

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Journal Info

Abbrev

ijier

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Indonesian Journal of Islamic Economics Research ( IJIER) is a research journal in the discipline of Islamic economics which is expected to contribute to a new or state-of-the-art for academic development or real-world applications, or both. This journal encompasses original research articles, ...