Prospects for the Application of Sharia Business Contracts in Driving Islamic Economic Growth

Abstract

ABSTRACT : This study examines the prospects for the application of sharia business contracts in driving Islamic economic growth using a qualitative research approach. The research employs a normative qualitative literature review method that focuses on analyzing the concepts, principles, and implementation of sharia business contracts within the framework of Islamic economic development. Data were obtained from authoritative books published within the last ten years and peer-reviewed national and international journals published within the last five years that discuss sharia contracts, Islamic economic growth, and related regulatory policies. Data collection was conducted through documentation techniques, while data analysis was carried out using descriptive-analytical methods with content analysis to systematically interpret relevant literature. The research questions are directly linked to the research title by exploring the forms of sharia business contracts, their role in supporting Islamic economic activities, and the opportunities and challenges in their application to stimulate economic growth. The findings indicate that sharia business contracts such as mudharabah, musyarakah, murabahah, and ijarah have strong prospects in driving Islamic economic growth, particularly when supported by adequate regulatory frameworks, government policies, and increasing public awareness. However, challenges remain in terms of sharia literacy, institutional readiness, and integration across economic sectors. This study concludes that strengthening the application of sharia business contracts requires comprehensive strategies involving regulatory reinforcement, stakeholder collaboration, and continuous education to optimize their contribution to sustainable Islamic economic growth. Key words: Application, Business Contract, Islamic Economic Growth