Syari'ah Business Management Model: Case Study of Small and Medium Industries (IKM) inTanjung Balai

Samrin; Irawan;

Abstract

The syari'ah business management model is an interesting theme as its development continues to increase. There are 3 (three) developing models: 1) Sole proprietorships, 2) Partnership, and 3) Muḍarabah, a form of cooperation in which the owner of the capital (Shahibul mal) entrusts a certain amount of capital to the manager (muḍarib) with an agreement at the beginning. This paper analyzes the shari'ah business management model developed by the Small and Medium Industries (IKM) as a business unit with shari'ah principles financing. The number of business units can affect the business management model that is applied, and the management model can affect the results of the business being run. By using qualitative descriptive analysis method, this study found that Small and Medium Industries (IKM) use several business models in accordance with the type of business being carried out, namely single ownership and partnership as well as a combination of both models. The results of the study show that comparative analysis in the application of Sharia business models is almost the same in Small and Medium Industries (IKM). First, IKM uses several business models, according to the type of business being run. That is, the type and type of business that is run influences the business model that is applied. But there is one concept that is used as a foundation in doing business, that is, SMIs are not merely profit-oriented, but there is also a benefit value. Some variations of business models applied by IKM, namely: 1) Sole proprietorship. Second, the business management model implemented by the company can determine the success of a business / business. Therefore it is very important for SMIs to pay attention to the management model of their business.