Sharia Business in Indonesia: A Systematic Literature Review

Abstract

The objective of this literature review concerning sharia business is to illuminate the present state of sharia business in Indonesia, revealing the prospective opportunities that can be utilized for expansion. By extensively examining the existing body of literature, this review aims to provide a more profound insight into the fundamental principles that form the basis of sharia business and how they can be practically applied in the Indonesian business environment. The findings this research is The highest number of articles, 15 (30%), was observed in 2022, whereas the lowest count was in 2018, with only one article (2%) compared to other years. Qualitative and quantitative approaches were evenly utilized, with 25 articles (50%) employing each method to discuss "Sharia Business." The most commonly explored topics were financial performance and Sharia financial institutions, each represented by 9 articles (18%). Sharia principles and case studies also received attention, each with 7 articles (14%). In terms of subject matter, Sharia banking was the most discussed, constituting 38% of the articles, followed by Sharia businesses with 30% representation. Researchers and industry stakeholders should continue to explore these areas.