Sharia-Based Risk Management: A Literature Review on Its Impacts and Potential in Supporting Sustainable Economy

Riza Rasyid Al-Aufa Siagian; Kamilah K

doi:10.61579/future.v3i1.328

Authors

Riza Rasyid Al-Aufa Siagian Universitas Islam Negeri Sumatera Utara
Kamilah K Universitas Islam Negeri Sumatera Utara

DOI:

https://doi.org/10.61579/future.v3i1.328

Keywords:

Sharia-Based Risk Management, Islamic Finance, Sustainable Development Goals, Sustainability, Risk Mitigation

Abstract

This study explores the concept of Sharia-based risk management and its potential role in fostering sustainable economic development. By synthesizing recent literature, the research identifies core principles, impacts, and challenges associated with the application of Sharia-compliant risk management practices in various sectors, including finance, trade, and industry. The findings highlight the alignment of Sharia principles with sustainability objectives, offering innovative insights into risk mitigation strategies that promote ethical and equitable economic growth. This paper also proposes a framework for integrating Sharia-based risk management into global sustainability practices.

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