SBP in the Context of Islamic Principles and Sharia Compliance: A Systematic Literature Review
Abstract
This analysis is based on previous research that focused more on Sharia operational aspects, such as Sharia-based financial products or the Islamic banking system, while the understanding of compliance with Sharia principles in various industry sectors to support Sustainable Business Performance (SBP) is still limited. This study aims to identify, review, and systematize previous research on the impact of compliance with Sharia principles on SBP. The methodology used is a Systematic Literature Review (SLR) with the PRISMA method with a period of 2020-2024. The results of the study show that compliance with Sharia principles has a significant impact on SBP. Sharia compliance provides an opportunity to build consumer trust, expand access to a wider market, and improve financial resilience and corporate stability, especially through more prudent risk management and the absence of adverse practices.
Downloads
References
Afandi, A. (2022). Pengaruh Inklusi Perbankan Syariah terhadap Pembiayaan UMKM Halal di Indonesia Periode 2017-2020. Jurnal Manajemen Dan Keuangan, 10(2), 280–291. https://doi.org/10.33059/jmk.v10i2.3868
Ahsan, A. F. M. M., Bose, S., & Ali, M. J. (2024). Does Islamic religiosity influence professional accountants’ judgments? Evidence from global convergence of IFRS. Advances in Accounting, 64, 100723. https://doi.org/10.1016/j.adiac.2023.100723
Al-Daghistani, S. (2022). Beyond Maṣlaḥah: Adab and Islamic Economic Thought. American Journal of Islam and Society, 39(3–4), 57–86. https://doi.org/10.35632/ajis.v39i3-4.2988
Amalia, R. (2024). Pengungkapan Aspek Sosial Sesuai Standar GRI 400 Versus Kepercayaan Pemangku Kepentingan. Akuntansiku, 3(3), 145–156. https://doi.org/10.54957/akuntansiku.v3i3.672
Ayub, M., Hassan, M. K., & Saba, I. (2023). Revisiting the paradigm of Sharīʿah governance of Islamic financial institutions. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-04-2022-0110
Bouzekouk, S., & Mansor, F. (2024). The factors influencing the selection of fund management companies by Malaysian retail investors in the context of islamic unit trust funds. Borsa Istanbul Review. https://doi.org/10.1016/j.bir.2024.06.007
Charina, A. (2024). Kinerja Lingkungan Industri Kecil Agro Di Priangan Timur. Mimbar Agribisnis Jurnal Pemikiran Masyarakat Ilmiah Berwawasan Agribisnis, 10(1), 813. https://doi.org/10.25157/ma.v10i1.12573
Cheong, C. W. H. (2021). Risk, resilience, and Shariah-compliance. Research in International Business and Finance, 55(August 2018), 101313. https://doi.org/10.1016/j.ribaf.2020.101313
Deif, A. M., & Logan, C. (2022). A Values-Based Approach for Development: An Islamic Perspective. Journal of Islamic Ethics, 9(9), 284–310. https://doi.org/10.1163/24685542-12340082
Delle Foglie, A., & Keshminder, J. S. (2024). Challenges and opportunities of SRI sukuk toward financial system sustainability: a bibliometric and systematic literature review. International Journal of Emerging Markets, 19(10), 3202–3225. https://doi.org/10.1108/IJOEM-04-2022-0601
Dr. Iftikhar Alam, & Waqas Ali Haider. (2022). Aspiring Maqāsid-e-Shariah and Socio-Economic Well-Being in Islamic Finance. International Research Journal on Islamic Studies (IRJIS), 4(1), 104–122. https://doi.org/10.54262/irjis.04.01.e07
Dwi Saputra, A., Rahmatia, A., Handari Wahyuningsih, S., & Azhar, A. (2022). Online Business Practices: A Study of Islamic Business Ethics Perspective in Indonesia. Jurnal Penelitian, 9903, 97–108. https://doi.org/10.28918/jupe.v19i1.4614
Elamin, Mustafa Osman, I. (2023). Advancing Ethical and Sustainable Economy: Islamic Finance Solutions for Environmental, Social, & Economic Challenges in the Digital Age. International Journal of Membrane Science and Technology, 10(5), 408–429. https://doi.org/10.15379/ijmst.v10i5.2515
Esya, L. M., Y, E. A., & Parinduri, A. Z. (2021). Pelatihan Memulai Usaha Berdasarkan Prinsip Ekonomi Syariah. Progresif Jurnal Pengabdian Komunitas Pendidikan, 1(2), 87–95. https://doi.org/10.36406/progresif.v1i2.447
Eva Andriani, Mubarok Al Jauhari, M. A., Syovinatus Sholicha, & Arifatul Ma’ani. (2023). Maqashid Sharia, Business Ethics and Sharia Economic Transactions (A Review of the Hadith of the Prophet Muhammad). International Journal of Economics (IJEC), 2(1), 135–142. https://doi.org/10.55299/ijec.v2i1.427
Gautama, B. (2023). Akuntansi Berkelanjutan Pada Umkm: Pemahaman Atas Laporan Keberlanjutan. Jurnal Riset Akuntansi Aksioma, 22(2), 256–269. https://doi.org/10.29303/aksioma.v22i2.244
Gion, E. I. P. Dela, & Kustiningsih, N. (2022). Peranan Perbankan Syariah Terhadap Ekonomi Melalui Pembiayaan Modal Kerja Umkm Pada Bank Syariah Indonesia Periode 2017-2019. Jurnal Revenue : Jurnal Ilmiah Akuntansi, 3(1), 395–405. https://doi.org/10.46306/rev.v3i1.107
Haerunnisa, H., Sugitanata, A., & Karimullah, S. S. (2023). Analisis Strukturalisme Terhadap Peran Katalisator Instrumen Keuangan Syariah dalam Mendorong Pembangunan Berkelanjutan dan Tanggung Jawab Sosial. Al-’Aqdu: Journal of Islamic Economics Law, 3(2), 124. https://doi.org/10.30984/ajiel.v3i2.2853
Hartono, N. (2018). Analisis Pengaruh Islamic Corporate Governance (ICG) Dan Intellectual Capital (IC) Terhadap Maqashid Syariah Indeks (MSI) Pada Perbankan Syariah Di Indonesia. Al-Amwal Jurnal Ekonomi Dan Perbankan Syari Ah, 10(2), 259. https://doi.org/10.24235/amwal.v10i2.3249
Kartikasari, D. (2023). Financial Performance: Sustainability, Size, Sharia, and Sector Effects in Muslim-Minority Stock Exchanges. Journal of Islamic Monetary Economics and Finance, 9(4), 751–776. https://doi.org/10.21098/jimf.v9i4.1765
Kashi, A., Laallam, A., Mansour Nomran, N., Azmi Abumughli, A., & Al-Binali, T. (2024). Do institutional environment and corporate governance structures determine Islamic Banks’ sustainability performance? Evidence across key jurisdictions in Islamic finance industry. Borsa Istanbul Review. https://doi.org/10.1016/j.bir.2024.06.005
Katmas, E., Faizah, N., & Wulandari, A. (2022). Pengaruh Penerapan Etika Bisnis Islam Terhadap Kinerja Usaha Mikro Kecil Dan Menengah. Jurnal Asy-Syukriyyah, 23(1), 22–35. https://doi.org/10.36769/asy.v23i1.212
Leena Haniffah, N., Sharaf Shaiban, M., & Ahmed, P. (2023). Development and validation of a performance measurement system based on Islamic principles. Heliyon, 9(5), e16095. https://doi.org/10.1016/j.heliyon.2023.e16095
Lestari, S. N. (2018). Peran Perusahaan Melaksanakan Tanggung Jawab Sosial Perusahaan Sebagai Upaya Pengentasan Kemiskinan Di Indonesia. Masalah-Masalah Hukum, 46(1), 80. https://doi.org/10.14710/mmh.46.1.2017.80-91
Maharani, M., Isnaini, D., & Nurhab, B. (2023). Tinjauan Ekonomi Islam Terhadap Kelayakan Bisnis Perkreditan Pada UD. Mentari Kredit Kota Bengkulu. Jurnal Ilmiah Akuntansi, Manajemen Dan Ekonomi Islam (JAM-EKIS), 6(2), 383–394. https://doi.org/10.36085/jamekis.v6i2.5451
Majid, R.-. (2021). Mudharabah Linked Waqf: Inovasi Model Pembiayaan Berkelanjutan untuk UMKM. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 3(1), 102–118. https://doi.org/10.47467/alkharaj.v3i1.267
Maulana, M. I. (2023). Pengaruh Litersi Keuangan Dan Literasi Digital Terhadap Keberlanjutan Bisnis Pelaku Umkm Berbasis Syariah. Jurnal Ilmiah Ekonomi Islam, 9(3), 4256. https://doi.org/10.29040/jiei.v9i3.10856
Mukhibad, H., Nurkhin, A., Anisykurlillah, I., Fachrurrozie, F., & Jayanto, P. Y. (2023). Open innovation in shariah compliance in Islamic banks – Does shariah supervisory board attributes matter? Journal of Open Innovation: Technology, Market, and Complexity, 9(1), 100014. https://doi.org/10.1016/j.joitmc.2023.100014
Mulyani, H. T. S. (2022). Implementasi Kesesuaian Standar Gri Dalam Sustainability Report Pada Perusahaan Sektor Mineral Di Bei Tahun 2020. Ijab Indonesian Journal of Accounting and Business, 3(2), 90–99. https://doi.org/10.33019/ijab.v3i2.26
Mustaqim, D. A. (2023). Prinsip Syariah Dalam Operasional Online Shop : Analisis Fatwa DSN-MUI No. 146/DSN-Mui/Ix/2021. Ab-Joiec, 1(1), 1–13. https://doi.org/10.61553/abjoiec.v1i1.9
Okumuş, H. Ş. (2024). Performance assessment of participation banks based on Maqasid al-Shari’ah framework: Evidence from Türkiye. Borsa Istanbul Review, 24(4), 806–817. https://doi.org/10.1016/j.bir.2024.04.011
Ozdemir, M., Savasan, F., & Ulev, S. (2023). Leveraging financial inclusion through Islamic microfinance: A new model proposal for participation banks in Turkiye. Borsa Istanbul Review, 23(3), 709–722. https://doi.org/10.1016/j.bir.2023.01.011
Page, M. J., McKenzie, J. E., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., Shamseer, L., Tetzlaff, J. M., Akl, E. A., Brennan, S. E., Chou, R., Glanville, J., Grimshaw, J. M., Hróbjartsson, A., Lalu, M. M., Li, T., Loder, E. W., Mayo-Wilson, E., McDonald, S., … Moher, D. (2021). The PRISMA 2020 statement: An updated guideline for reporting systematic reviews. International Journal of Surgery, 88, 105906. https://doi.org/10.1016/j.ijsu.2021.105906
Pratama, G., Yasin, M. M., Rokhmatulah, L., & Atikah, N. (2023). Penerapan Prinsip-Prinsip Ekonomi Abu Yusuf Dalam Praktik Bisnis Dan Keuangan Modern. Jurnal Multidisiplin Indonesia, 2(8), 1975–1983. https://doi.org/10.58344/jmi.v2i8.403
Putri, S. H. (2023). Analisis Kinerja Lingkungan Unit Bisnis Teh Hijau Perusahaan X Dengan Metode IEPMS Dan LCA. Jurnal Teknotan, 17(2), 143. https://doi.org/10.24198/jtvol17n2.9
Rabbani, M. R., Bashar, A., Nawaz, N., Karim, S., Ali, M. A. M., Rahiman, H. U., & Alam, M. S. (2021). Exploring the role of islamic fintech in combating the aftershocks of covid-19: The open social innovation of the islamic financial system. Journal of Open Innovation: Technology, Market, and Complexity, 7(2), 136. https://doi.org/10.3390/joitmc7020136
Rethlefsen, M. L., & Page, M. J. (2021). PRISMA 2020 and PRISMA-S: common questions on tracking records and the flow diagram. Journal of the Medical Library Association, 110(2). https://doi.org/10.5195/jmla.2022.1449
Riski, W., Maulana, I., & Mujibno, M. (2023). Kompensasi Dan Tunjangan Dalam Perspektif Manajemen Syariah: Upaya Meningkatkan Keadilan. AB-JOIEC: Al-Bahjah Journal of Islamic Economics, 1(2), 68–77. https://doi.org/10.61553/abjoiec.v1i2.35
Rosano, F. (2023). Pengaruh Daya Saing Daerah, Tingkat Upah, Teknologi, Dan Pertumbuhan Ekonomi Terhadap Investasi Pada 27 Provinsi Di Indonesia Tahun 2021. -Bus. Econ. Entrepre., 6(2), 150. https://doi.org/10.61689/bisecer.v6i2.429
Simanjuntak, I., & Lubis, F. A. (2022). Interest of the Sharia Insurance Community in Prudential Syariah Binjai. Jurnal Ekonomi, Manajemen, Akuntansi Dan Keuangan, 3(3). https://doi.org/10.53697/emak.v3i3.607
Siswantoro, S. (2022). Cash Waqf Linked Sukuk model for export micro, small, and medium enterprises financing affected by Covid-19 pandemic: Indonesian study. Asian Management and Business Review, 2(1), 24–38. https://doi.org/10.20885/ambr.vol2.iss1.art3
Solehudin, E., Ahyani, H., & Putra, H. M. (2024). Study on Sharia Compliance Principles in Halal Tourism Business in Bandung Regency: An Implementation of Islamic Business Ethics Principles (Professional Ethics). Millah: Journal of Religious Studies, 23(1), 39–66. https://doi.org/10.20885/millah.vol23.iss1.art2
Sri Noerhidajati, & Fahruroji. (2023). Pengelolaan Wakaf Uang : Usulan Skema Pembiayaan Usaha Mikro, Kecil dan Menengah. Syarikat: Jurnal Rumpun Ekonomi Syariah, 6(1), 74–90. https://doi.org/10.25299/syarikat.2023.vol6(1).10691
Sumiyati, Y. (2023). Pengaturan CSR Dalam Rangka Percepatan Pembangunan Sosial Dan Lingkungan Di Indonesia. Anterior Jurnal, 22(3), 185–196. https://doi.org/10.33084/anterior.v22i3.5310
Supriyatni, R., & Nurjamil. (2021). The Urgency of Handling Non-Performing Financing in Sharia Banks in the Development of Indonesian Sharia Economics. Padjadjaran Jurnal Ilmu Hukum, 8(1), 26 – 46.
Suretno, S., & Bustam, B. (2020). Peran Bank Syariah Dalam Meningkatkan Perekonomian Nasional Melalui Pembiayaan Modal Kerja Pada UMKM. Ad-Deenar: Jurnal Ekonomi Dan Bisnis Islam, 4(01), 1. https://doi.org/10.30868/ad.v4i01.752
Toha, Mohamad & Habibah, N.J. (2023). MSME Empowerment and Development Program to Increase Consumer Satisfaction. Sahwahita: Community Engagement Journal, 1(1), 26-39. https://e-journal.bustanul-ulum.id/index.php/Sahwahita/article/view/24
Vu-Ngoc, H., Elawady, S. S., Mehyar, G. M., Abdelhamid, A. H., Mattar, O. M., Halhouli, O., Vuong, N. L., Ali, C. D. M., Hassan, U. H., Kien, N. D., Hirayama, K., & Huy, N. T. (2018). Quality of flow diagram in systematic review and/or meta-analysis. PLOS ONE, 13(6), e0195955. https://doi.org/10.1371/journal.pone.0195955
Yesuf, A. J., & Aassouli, D. (2020). Exploring synergies and performance evaluation between Islamic funds and socially responsible investment (SRIs) in light of the Sustainable Development Goals (SDGs). Heliyon, 6(8), e04562. https://doi.org/10.1016/j.heliyon.2020.e04562
Zulfiani, S. M. I. U., Muthoifin, & Rosyadi, I. (2024). Corporate Social Responsibility (Csr) Practices of Shariaconsumer Cooperatives for Sustainable Development Goals(Sdgs) Ethical Perspective. Journal of Lifestyle and SDG’S Review, 4(1), 1–20. https://doi.org/10.47172/2965-730X.SDGsReview.v4.n00.pe01752
Copyright (c) 2025 Nuri Latifannisa, Yuri Rahmi, Zul Afdal

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.















