Innovative Ventures and Strategies in Islamic Business

Innovative Ventures and Strategies in Islamic Business

Ahmad Rafiki (Universitas Medan Area, Indonesia) and Adel Sarea (Ahlia University, Bahrain)
Release Date: December, 2024|Copyright: © 2025 |Pages: 606
DOI: 10.4018/979-8-3693-3980-0
ISBN13: 9798369339800|ISBN13 Softcover: 9798369351567|EISBN13: 9798369339817
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Description & Coverage
Description:

In today’s realities of global business, Islamic organizations face a pressing challenge: how to navigate the complexities of modern markets while remaining true to their ethical principles. This dilemma poses a significant obstacle for scholars seeking to understand and address the unique needs of Islamic business. In response, editors Ahmad Rafiki and Adel Sarea propose a compelling solution, offering a comprehensive exploration of Islamic business practices that bridges the gap between theory and application.

In this groundbreaking book, Innovative Ventures and Strategies in Islamic Business presents a scholarly examination of Islamic business principles, rooted in both theoretical frameworks and empirical studies. By addressing the urgent need for a scholastic approach that considers the cultural contexts of Muslim communities, the editors provide a nuanced understanding of how Islamic organizations can thrive in the modern economy. Through real-world case studies and best practices, they offer actionable insights tailored for practitioners, policymakers, and scholars alike.

At its core, this book aims to provide guidance for scholars seeking to navigate the complexities of Islamic business in the 21st century. With a focus on promoting sustainability and responsible practices, this book equips readers with the tools and knowledge needed to drive meaningful change in the global marketplace. By embracing the principles outlined in this seminal work, scholars can spearhead initiatives that empower Islamic organizations to flourish while upholding their ethical values.

Coverage:

The many academic areas covered in this publication include, but are not limited to:

  • Cultural Contexts of Muslim Communities
  • Ethical Principles in Global Business
  • Global Marketplace Challenges
  • Islamic Business Practices
  • Islamic Organizations
  • Modern Market Complexities
  • Nuanced Understanding
  • Real-World Case Studies
  • Responsible Practices
  • Scholarly Examination
  • Scholastic Approach
  • Sustainability Initiatives
  • Thriving in the Modern Economy
  • Unique Needs of Islamic Business
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Editor/Author Biographies
Ahmad Rafiki is an Assistant Professor and as the Dean of Faculty of Economics and Business, Universitas Medan Area (UMA). He was with University College of Bahrain in the Department of Business Administration as Assistant Professor and as Research Associate in the Mizan Research Centre, Faculty of Leadership and Management, Universiti Sains lslam Malaysia (USIM). He obtained his BBA degree with a major of Marketing from MARA University of Technology and Masters in Management from International Islamic University of Malaysia. In March 2014, he awarded Doctor of Philosophy from Universiti Sains Islam Malaysia (USIM). He is holding Certified Islamic Marketing Associate (CIMA) from the International Islamic Marketing Association (IIMA). He has published many chapters of books/authored books and articles related to Islamic management, entrepreneurship, SMEs, leadership and halal industry by International publishers such as IBA-MacMillan, IGI Global, Emerald Publishing (Journal of Islamic Marketing, Asian Journal of Accounting Research, Journal of Investment Compliance, PSU Research Review, RAUSP Management Journal, International Journal of Organizational Analysis, Journal of Advance in Management Research, Enterprising Communities: People and Places in the Global Economy), Springer, Routledge etc. He also became the editorial advisory board and reviewer in reputable publishers of Emerald (Journal of Islamic Marketing, International Journal of Islamic and Middle Eastern Finance and Management) and Elsevier. He has presented academic papers in various international seminars/conferences such as in Indonesia, Malaysia, United Kingdom and Turkey. He won as the Outstanding Reviewer of Literati Awards 2020 by Emerald Publishing.

Adel Sarea is an Associate Professor of Accounting and Economics, he received his PhD in Economics and Muamalat Administration (Accounting) from the Faculty of Economics and Muamalat at the Islamic Science University of Malaysia in 2011. He joined Ahlia University, Kingdom of Bahrain in September 2011 and has been Director of the Ahlia MBA Program since 2013. Dr. Sarea Received the Best Paper Award in 2014 [Emerald Group Publishing, UK]. He conducts research in the areas of Accounting for Islamic Financial Institutions, International Accounting Standards, Financial Reporting, Earning Quality, Earning Management, Intellectual Capital and Accounting Education. Dr Sarea has published 2 books, 3 book chapters, more than 40 papers in internationally renowned journals and he has been appointed as a recognized PhD supervisor by Brunel University London. He also serves as a member of the editorial boards in several international journals; for example, as editor for IGI Global Publisher (USA) of the book “Challenges and Impacts of Religious Endowments on Global Economics and Finance”. Editor (Associate) ISRA International Journal of Islamic Finance, Emerald Group Publishing, Editorial Advisory Board Member, Journal of Financial Reporting and Accounting, Emerald Group Publishing, UK. He also serves as a Trainer for Accounting for Non-Accountants, Accounting for Islamic Financial Institutions, IFRS and Financial Reporting and as an external evaluator, reviewer and examiner for the MBA and Accounting programs locally and internationally.

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