Open AccessMANAJEMEN RISIKO BERBASIS SPIRITUAL ISLAM
Author(s) -
Nur Khusniyah Indrawati,
Ubud Salim,
Djumilah Hadiwidjojo,
Nur Syam
Publication year - 2012
Publication title -
ekuitas (jurnal ekonomi dan keuangan)
Language(s) - English
Resource type - Journals
eISSN - 2548-5024
pISSN - 1411-0393
DOI - 10.24034/j25485024.y2012.v16.i2.2325
Subject(s) - islam , value (mathematics) , risk management , business , perception , happiness , business value , business ethics , marketing , management , accounting , public relations , psychology , economics , theology , political science , finance , social psychology , computer science , microeconomics , philosophy , machine learning , neuroscience , profit (economics)
This study aims to explore and understand: (1) Kyai (Islamic boarding school leader) and business manager perception to risk management, and (2) implementation Islamic values in business and risk management, (3) Kyai and business manager perception to corporate value creation, and ( 4) distribution of firm value to stakeholders. Research setting is business at Sunan Drajat boarding school, Lamongan. This study uses postpositivist, theology, and intuitive approach. The study design was an interpretative case study using "single case" type. The analysis method of this study is the Interactive Model from Miles and Huberman. The results showed that: (1) Risk management is process to eliminate the risk with strong intention as essence that underlying the risk management practices and the presence of spiritual power, a khusnuzhzhan (good perception) to Allah SWT, based on maslahah (goodness) that come down to falah, (2) The implementation of Islamic values into business activity framework has been proven the business growing rapidly. Even at the end, the Islam value 'an taraadhin minkum become central value which evolved into the corporate culture. Islamic values related to risk management demonstrate the existence of a true entrepreneurial spirit for entire management. (3) The firm value that created from risk management practices indicate the aspects of material/economic and immaterial. The application has been able to provide welfare and happiness for body and soul of all stakeholders, (4) Then, the firm value was distributed to all stakeholders, both for the human and nature benefit as a manifestation of maslahah (goodness) that become the objectives of business establishment.