Implementation Of Sharia Economic Law Principles In Modern Business Practices: A Normative And Empirical Analysis
DOI:
https://doi.org/10.70062/incoils.v3i1.497Keywords:
Islamic Economic LawAbstract
This study examines the implementation of Sharia Economic Law principles in modern business practices, focusing on compliance, legal challenges, and socio-economic impacts. The rapid development of Islamic finance and halal industries has increased the urgency of aligning business activities with Sharia principles such as justice, transparency, prohibition of riba, gharar, and maysir. This research employs a normative-empirical approach, combining doctrinal legal analysis with field data collected from Islamic financial institutions and halal-based enterprises. The findings indicate that while regulatory frameworks in Indonesia have substantially accommodated Sharia economic principles, practical implementation still faces challenges, including limited legal literacy, regulatory overlap, and market pressure from conventional systems. Nevertheless, Sharia-compliant business practices demonstrate positive implications for ethical governance, consumer trust, and sustainable economic development. This study contributes theoretically by reinforcing the relevance of maqasid al-shariah in contemporary economic regulation and practically by offering policy recommendations to strengthen Sharia economic law enforcement.References
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