Overview

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.

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Ahmad Rafiki is currently as an Assistant Professor in the Faculty of Economics and Business of Universitas Medan Area, Indonesia. 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 Islamic Science University of Malaysia. 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, Springer, Routledge etc. He also became the editorial advisory board and reviewer in reputable publishers of Emerald and Elsevier. He just 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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