A Systematic Literature Review on the Integration of Islamic Management Principles in Contemporary Business Practices
Main Article Content
Abstract
This study aims to evaluate the extent to which Islamic management principles have been integrated into contemporary business practices and identify challenges and opportunities in their implementation. Using a Systematic Literature Review (SLR) approach, this study examined 68 articles published between 2020 and 2024 that were relevant to the topic. The PRISMA method was used to select and synthesize literature that met high quality criteria. The research results show that the integration of Islamic management principles, such as Islamic Business Principles, Risk Management, and Islamic Ethics, has been applied in various business sectors, with research predominantly in Indonesia. Despite the compatibility of Islamic principles with modern management theories, their application in contemporary business practices still faces significant challenges, particularly related to the dominance of conventional management systems that emphasize profitability over ethics. The implications of this research demonstrate the importance of developing a more comprehensive and practical Islamic management model, as well as the need for a framework that can help business actors integrate moral and spiritual values into their business decisions. This is expected to positively contribute to sustainability and improved business ethics in the future.
Downloads
Article Details
References
Alam, A., Nugroho, D. W., Isman, & Ahmi, A. (2025). Bibliometric Study on Corporate Governance of Islamic Banks. International Journal of Economics and Financial Issues, 15(2), 397–410. https://doi.org/https://doi.org/10.32479/ijefi.18280
Aspiranti, T., Ali, Q., Parveen, S., Amaliah, I., Jalil, A., & Merican, F. M. I. (2023). Bibliometric review of corporate governance of Islamic financial institutions through AI-based tools. International Journal of Professional Business Review: Int. J. Prof. Bus. Rev., 8(4), 12.
Azmi, I. A. G. (2015). Islamic human resource practices and organizational performance Some findings in a developing country. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-02-2012-0010
Basalamah, M. S. A. (2024). Advances in Human Resource Management Research Exploring the Intersection of Islamic Values and Human Resource Management. Advances in Human Resource Management Research, 2(2), 78–89. https://doi.org/https://doi.org/10.60079/ahrmr.v2i2.284
Dusuki, A. W., & Abdullah, N. I. (2007). Why do Malaysian customers patronise Islamic banks ? International Journal of Bank Marketing, 25(3), 142–160. https://doi.org/10.1108/02652320710739850
Ghafran, C., & Yasmin, S. (2020). Ethical Governance : Insight from the Islamic Perspective and an Empirical Enquiry. Journal of Business Ethics, 167(3), 513–533. https://doi.org/10.1007/s10551-019-04170-3
Hadley, B. (2016). Executive compensation and political sensitivity : Evidence from government contractors ☆. Journal of Corporate Finance. https://doi.org/10.1016/j.jcorpfin.2016.11.007
Ihsan, A., Nur, A., & Kadir, S. (2022). Islamic Wealth Management And Corporate Governance. El-Qish: Journal of Islamic Economics, 2(2), 85–96. https://doi.org/10.33830/elqish.v2i2.4158.2022
Khalidin, B., Musa, A., Fardesi, M., & Ulfia, N. (2024). Islamic Economics towards the Sustainability of Economic Development. INTERNATIONAL JOURNAL OF SOCIAL SCIENCE HUMANITY & MANAGEMENT RESEARCH, 03(11), 1505–1513. https://doi.org/10.58806/ijsshmr.2024.v3i11n16
Lestari, I. P., Hanafi, M. M., & Wardhana, L. I. (2025). A LITERATURE REVIEW OF UPDATED ISLAMIC CORPORATE GOVERNANCE ELEMENTS : Journal of Islamic Monetary Economics and Finance, 11(1), 91–118.
Mais, R. G., Wulaningsih, R. W., Oktasari, E., Munir, M., & Sholeh, M. I. (2026). Corporate spiritual responsibility as a transformative paradigm for ethical and sustainable governance in Indonesia. SUSTAINABILITY, March. https://doi.org/10.3389/frsus.2026.1761669
Mohamad, S. H., & Sulong, J. (2026). Revisiting Corporate Governance through Shariah Compliance : Evidence , Theory , and Future Research Directions from an AI- Assisted Systematic Review. INTERNATIONAL JOURNAL OF RESEARCH AND INNOVATION IN SOCIAL SCIENCE (IJRISS), IX(2454), 3833–3844. https://doi.org/10.47772/IJRISS
Mutmainah, I., & Apriliantika, A. (2023). The mediating effect of Islamic ethical identity disclosure on financial performance. Asian Journal of Islamic Management (AJIM), 5(1), 69–82.
Page, M. J., McKenzie, J. E., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., Shamseer, L., Tetzlaff, J. M., Akl, E. A., Brennan, S. E., Chou, R., Glanville, J., Grimshaw, J. M., Hróbjartsson, A., Lalu, M. M., Li, T., Loder, E. W., Mayo-Wilson, E., McDonald, S., … Moher, D. (2021). The PRISMA 2020 statement: an updated guideline for reporting systematic reviews. Systematic Reviews, 10(1), 89. https://doi.org/10.1186/s13643-021-01626-4
Puspita, Y., Yusril, & Asnaini. (2024). APPLICATION OF ISLAMIC BUSINESS ETHICS IN PRODUCTION FOR MSMEs. Jurnal Asy-Syukriyyah, 25(2019), 27–36. https://doi.org/https://doi.org/10.36769/asy.v25i2.631
Rahmat, I., & Ullah, S. (2025). Leadership Styles and Sustainable Performance : The Mediating Role of Extra Role Behavior and Human Capital in Pakistani SMEs. MINHAJ, 5(2), 83–102.
Ram, S. W., Jenuri, & Irwin, M. (2025). Islamic Ethical Values in Islamic Bank Management : A Literature Analysis of the Concepts of Trust and Justice. J-CEKI : Jurnal Cendekia Ilmiah, 5(1), 1247–1254.
Rukmanda, M. R., Bisri, H., & Jubaedah, D. (2025). Empowering sharia-based Micro , Small and Medium Enterprises ( MSMEs ) in Indonesia : A Socioeconomic and ethical framework for inclusive development. IJNI: International Journal of Nusantara Islam, 13(2), 245–256. https://doi.org/https://doi.org/10.15575/ijni.v13i2.47733
Santoso, A. L., Kamarudin, F., Ariffin, B., & Noordin, A. (2023). Islamic ethics commitment and bank outcomes : Evidence in South East Asia Islamic ethics commitment and bank outcomes : Evidence in South East Asia. Cogent Economics & Finance, 11(1). https://doi.org/10.1080/23322039.2023.2175458
Setiawati, R., & Cahyadi, A. (2022). Conflict management at Madrasa. Journal of Advanced Islamic Educational Management, 2(2), 93–104. https://doi.org/10.24042/jaiem.v2i2.16110
Solihati, G. P., Suhardiyanto, H., Hakim, D. B., & Irawan, T. (2023). Integrating Good Corporate Governance , Islamic Corporate Social Responsibility , Zakat , Syariah Governance , and Syariah Compliance : Exploring their Interconnected Impact on the Financial Health of Islamic Commercial Banks. Journal of Contemporary Administration and Management (ADMAN), 1(3), 271–277.
Speckma, R. A., & Friedly, J. L. (2019). Asking Structured, Answerable Clinical Questions Using the Population, Intervention/Comparator, Outcome (PICO) Framework. https://doi.org/10.1002/pmrj.12116
Wafaretta, V., & Imari, I. (2024). Islamic Economic System in Practice : Beyond Merely Islamic-based Transactions. IR CEB The 6th International Research Conference on Economics and Business, 2024, 593–607. https://doi.org/10.18502/kss.v9i4.15104
Wani, A. S., & Dar, S. H. (2022). Propects of Sharia Governance in Islamic Finance Industry : Jurisdictions , Standards , and Implications. Journal of Islamic Finance, 2(1), 21–32.
Wicaksono, P., & Andriansyah, Y. (2023). Corporate Governance and Earnings Index Firms Management : Insights from Jakarta Islamic. Unisia, 41(2), 381–412.
Zein, A. W., Andriyani, E., Zahra, A. A., & Anggraini, W. (2025). Studi Kualitatif Tentang Peran Filsafat Ekonomi Islam dalam Pengelolaan Sumber Daya Alam Universitas Islam Negeri Sumatera Utara , Indonesia pengelolaan SDA . Maslahah mengacu pada upaya untuk mencapai kemaslahatan umum inklusif dan berbasis keadilan sosi. Digital Bisnis : Jurnal Publikasi Ilmu Manajemen Dan E-Commerce, 4(1), 101–114. https://doi.org/https://doi.org/10.30640/digital.v4i1.3854