Risk Management in Wealth Protection from an Islamic Economic Perspective
DOI:
https://doi.org/10.59653/jmisc.v3i01.1270Keywords:
Islamic Economics, Risk Management, Wealth Protection, TakafulAbstract
This study aims to explore risk management in wealth protection from the perspective of Islamic economics. The main issue is how Islamic economics provides sustainable risk management solutions that align with Sharia principles for safeguarding individual and collective wealth. The scope of this research includes relevant Islamic economic concepts, mechanisms, and instruments for wealth protection, such as zakat, waqf, and takaful. The research method used is qualitative descriptive with a library research approach, where data is collected from various sources such as scientific journals, books, and reports related to Islamic economics and risk management. The data analyzed included Islamic economic theories from experts such as Al-Ghazali and Ibn Khaldun and contemporary concepts related to Sharia risk management. The results show that risk management in Islamic economics aims not only to protect wealth but also to ensure social balance and the distribution of economic justice. An interesting finding from this study is the application of instruments such as zakat and waqf that can effectively reduce people's financial risks, help redistribute wealth, and create economic resilience. In addition, the concept of takaful as Sharia-based insurance also plays a role in mitigating individual financial risks fairly and transparently. The implications of this study reinforce the importance of integrating Sharia principles into economic policy to achieve long-term financial sustainability and stability.
Downloads
References
Adri, S. (2023). Perspektif Manajemen Islami Dalam Menghadapi Resiko. ALACRITY : Journal of Education, 90–100. https://doi.org/10.52121/alacrity.v3i1.138
Adtiya, S., Apriyanto, Y. A., & Andayani, S. (2024). Analisis Manajemen Risiko Pada CV. Tunas Mandiri. Jurnal Sains Sistem Informasi, 2(2), Article 2. https://doi.org/10.31602/jssi.v2i2.14620
Agarwal, S. (2024). Volatility in the Equity Stock Market in India from 2019 to 2024: An Empirical Analysis. International Journal of Scientific Research in Engineering and Management (IJSREM), 08. https://doi.org/10.55041/IJSREM37237
Akbar, A. F., Saskinah, J. A., Putri, R. R., Azz, N. A., & Ikhtizam, S. F. (2023). Analisis Swot Dalam Perbankan: Menguji Keunggulan dan Tantangan. Jurnal Ilmu Manajemen, Bisnis dan Ekonomi (JIMBE), 1(1), Article 1. https://doi.org/10.59971/jimbe.v1i1.2
Ardi, P., & Urumsah, D. (2024). Investigasi Determinan Faktor yang Memengaruhi Penyalahgunaan Aset pada Perguruan Tinggi. Owner : Riset Dan Jurnal Akuntansi, 8(3), Article 3. https://doi.org/10.33395/owner.v8i3.2107
Barber, W. J., Dimand, R. W., Foster, K., & Tobin, J. (1997). The Direct Harm from Inflation and Deflation. In The Works of Irving Fisher Vol 8. Routledge.
Bitencourt, W. A., & Iquiapaza, R. A. (2024). Economic policy uncertainty, sentiment and Brazilian stock market performance. Revista Contabilidade & Finanças, 35, e1877. https://doi.org/10.1590/1808-057x20231877.en
Brown, J., Guo, S. (Yuanyuan), & Zheng, M. (2024). Tax Policy Uncertainty and Investment in Tax Planning: Firm-Level Evidence. Journal of the American Taxation Association, 1–23. https://doi.org/10.2308/JATA-2022-015
Chowdhury, R. H., Masum, A. A., Farazi, M. Z. R., & Jahan, I. (2024). The impact of predictive analytics on financial risk management in businesses. World Journal of Advanced Research and Reviews, 23(3), 1378–1386. https://doi.org/10.30574/wjarr.2024.23.3.2807
Fatwa – Laman 14 – DSN-MUI. (n.d.). Retrieved November 30, 2024, from https://dsnmui.or.id/kategori/fatwa/page/14/
Fayola, D. N. W. B., & Nurbaiti, A. (2020). Pengaruh Ukuran Perusahaan, Konsentrasi Kepemilikan, Reputasi Auditor dan Risk Management Committee terhadap Pengungkapan Enterprise Risk Management. JIA, 5(1), Article 1. https://doi.org/10.23887/jia.v5i1.23090
Ghaleb, B. D. S. (2024). The Importance of Using SWOT Analysis in Business Success. International Journal of Asian Business and Management, 3(4), Article 4. https://doi.org/10.55927/ijabm.v3i4.10857
Glowinski, S., & Majdanik, S. (2024). Fatal Consequences of Safety Non-Compliance in Non-Commercial Ultralight Aviation: A Case Study. Safety, 10(3), Article 3. https://doi.org/10.3390/safety10030077
Gong, H. (2024). How Market Turmoil Affects Investors’ Investment Psychology. Communications in Humanities Research, 39, 129–135. https://doi.org/10.54254/2753-7064/39/20242209
Hakim, M. L., & Samsudin. (2023). PENERAPAN MANAJEMEN RISIKO DALAM PERBANKAN SYARIAH. Dinar : Jurnal Prodi Ekonomi Syariah, 7(1), Article 1. https://doi.org/10.61088/dinar.v7i1.643
Hasanah, U., & Mahya, J. (2023). MEMAHAMI MANAJEMEN RISIKO SERTA LANDASAN HUKUM DALAM AGAMA. NATUJA: Jurnal Ekonomi Syariah, 2(2), Article 2. https://doi.org/10.69552/natuja.v2i2.1374
Indrawati, N. K., Salim, U., Hadiwidjojo, D., & Syam, N. (2012). MANAJEMEN RISIKO BERBASIS SPIRITUAL ISLAM. EKUITAS (Jurnal Ekonomi dan Keuangan), 16(2), 184–208. https://doi.org/10.24034/j25485024.y2012.v16.i2.217
Ivanenko, V., Klimova, I., & Morozov, V. (2024). SWOT ANALYSIS: NAVIGATING SUSTAINABILITY AMID UNCERTAINTY. Economics. Management. Innovations, 1(34), Article 1(34). https://doi.org/10.35433/ISSN2410-3748-2024-1(34)-10
Kamara, A. K. (2024). THE STUDY OF CREDIT RISK IN THE BANKING SECTOR AND ITS EFFECT ON FINANCIAL PERFORMANCE CASE STUDY OF THE ZENITH BANK SIERRA LEONE. European Journal of Economic and Financial Research, 8(4), Article 4. https://doi.org/10.46827/ejefr.v8i4.1732
Kusumastuti, T., Eliza, C. P., Hanifah, A. N., & Choirala, Z. M. (2024). Identifikasi bahaya dan metode identifikasi bahaya pada proses industri dan manajemen risiko. Environment Education and Conservation, 1(1), Article 1. https://doi.org/10.61511/educo.v1i1.2024.527
Lebanova, H., Stoev, S., & Petrova, G. (2024). Analysis of non-compliances identified in GMP inspections between 2013 and 2022. Pharmacia, 71, 1–6. https://doi.org/10.3897/pharmacia.71.e120053
M, H. M. H., Kara, M., & Pagalung, G. (2022). MANAJEMEN RISIKO DALAM LEMBAGA BERBASIS SYARIAH. Jurnal Adz-Dzahab: Jurnal Ekonomi Dan Bisnis Islam, 7(2), Article 2. https://doi.org/10.47435/adz-dzahab.v7i2.1123
Malović, M., & Roganović, M. (2024). Surfing with the tide: Real estate as a hedge against inflation. Trendovi u Poslovanju, 12(1), 56–66. https://doi.org/10.5937/trendpos2401059M
Nahar, J., Rahaman, M. A., Alauddin, M., & Rozony, F. Z. (2024). BIG DATA IN CREDIT RISK MANAGEMENT: A SYSTEMATIC REVIEW OF TRANSFORMATIVE PRACTICES AND FUTURE DIRECTIONS. International Journal of Management Information Systems and Data Science, 1(04), Article 04. https://doi.org/10.62304/ijmisds.v1i04.196
Nisak, B., & Ibrahim, A. (2014). ANALISIS MANAJEMEN RISIKO PEMBIAYAAN MUSYARAKAH PADA BAITUL QIRADH BINA INSAN MANDIRI BANDA ACEH. Share: Jurnal Ekonomi dan Keuangan Islam, 3(1), Article 1. https://doi.org/10.22373/share.v3i1.1054
Nogoibaeva, E., Mamatova, N., Derkenbaeva, S., & Omurzakova, U. (2024). Integrated approach to risk analysis in financial statements to ensure economic security of the enterprise. Economics of Development, 2(23), Article 23(2). https://doi.org/10.57111/econ/2.2024.17
Pantih, S. (2024). OPTIMALISASI SUMBER DAYA MANUSIA DI LINGKUNGAN AKADEMIK KAMPUS. PT Media Penerbit Indonesia.
Priyatno, P. D., Rohim, A. N., & Sari, L. P. (2022). Analisis Kinerja Bank Syariah di Indonesia Berbasis Maqashid Sharia Index. Jurnal Ilmiah Ekonomi Islam, 8(3), 2434–2443.
Rizwan, S., & Al-Malkawi, H.-A. N. (2024). Islamic Insurance (Takaful): An Overview. In Islamic Finance in the Modern Era. Routledge.
Spasojević, B., & Đukić, A. (2024). INFLUENCE OF INFLATION ON INVESTMENTS IN THE REPUBLIC OF SRPSKA. EMC REVIEW - ECONOMY AND MARKET COMMUNICATION REVIEW, 27(1), Article 1. https://doi.org/10.7251/EMC2401291S
Suganda, A. D. (2015). MENGURANGI TINGKAT RISIKO DENGAN MANAJEMEN ISLAMI. ISLAMICONOMIC: Jurnal Ekonomi Islam, 6(2), Article 2. https://doi.org/10.32678/ijei.v6i2.55
Sukomardojo, T., Adisaputra, A. K., Cakranegara, P. A., Irawati, M. A., & Hendarto, T. (2024). Economic Instability and Global Market Fluctuations in 2023: Analyzing Causes, Impacts, and Policy Responses. International Journal of Science and Society, 6(1), Article 1. https://doi.org/10.54783/ijsoc.v6i1.1065
Suparmin, A. (2018). MANAJEMEN RESIKO DALAM PERSPEKTIF ISLAM. El-Arbah: Jurnal Ekonomi, Bisnis Dan Perbankan Syariah, 2(02), Article 02. https://doi.org/10.34005/elarbah.v2i02.551
Supriyo, S. (2017). MENEJMEN RISIKO DALAM PERFEKTIF ISLAM. PROMOSI: Jurnal Program Studi Pendidikan Ekonomi (e-Journal), 5(1), Article 1. https://doi.org/10.24127/ja.v5i1.853
Valentino, M., Putri, S. A., & Sohib, M. (2024). Asuransi Bank Syariah Indonesia. Jurnal Penelitian Ekonomi Manajemen Dan Bisnis, 3(3), 187–200. https://doi.org/10.55606/jekombis.v3i3.4001
Verma, J., Bhandari, A., & Singh, G. (2022). iNIDS: SWOT Analysis and TOWS Inferences of State-of-the-Art NIDS solutions for the development of Intelligent Network Intrusion Detection System. Computer Communications, 195, 227–247. https://doi.org/10.1016/j.comcom.2022.08.022
Wang, X. (2021). The Impact of Deflation on Social Life. Frontiers in Economics and Management Research, Vol. 2. https://doi.org/DOI:10.33969/twjournals.femr.2021.020204
Wibisono, K., Syah, T. Y. R., Negoro, D. A., & Iskandar, M. D. (2023). ANALISIS MANAJEMEN RESIKO PEMASARAN, OPERASIONAL, HUMAN CAPITAL, DAN FINANCE PADA PT. AGRINDO SUMBER HARUM. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 7(3), Article 3. https://doi.org/10.31955/mea.v7i3.3519
Yang, X., Fan, Y., Li, L., & An, K. (2024). The Interactive Study of Legal Risk Management and Litigation Dispute in the Business Environment. Academic Journal of Management and Social Sciences, 8(1), Article 1. https://doi.org/10.54097/c8a45k60
Yoewono, J. O., & Prasetyo, A. H. (2022). Rancangan dan proses manajemen risiko pada PT surya selaras cita. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 6(1), 56–72.
Zhang, Y. (2024). The Impact of Stock Price Fluctuations on the Financial Market. Highlights in Business, Economics and Management, 39, 638–643. https://doi.org/10.54097/rcy13226
Ziorklui, J. E. K., Ampofo, F. O., Nyonyoh, N., & Antwi, B. O. (2024). Effectiveness of internal controls mechanisms in preventing and detecting fraud. Finance & Accounting Research Journal, 6(7), Article 7. https://doi.org/10.51594/farj.v6i7.1322
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Ihdi Aini, Sugianto, Marliyah
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
