Sharia Business Feasibility: A Normative Study of Legal and Complience Dimensions
Year: 2026
Type: article
Abstract: The rapid development of Islamic business and finance has increased the demand for business feasibility assessments that go beyond financial performance and incorporate Sharia compliance and legal legitimacy. In practice, many legally established businesses still fail to fully comply with Sharia principles, creating a gap between formal legality and substantive Islamic ethical requirements. This condition raises concerns regarding business legitimacy, sustainability, and public trust in Sharia-based enterprises. Therefore, an integrative framework is required to evaluate business eligibility by balancing legal and Sharia considerations. This study aims to analyze Sharia business eligibility from a normative perspective by examining the alignment between Islamic legal principles, Sharia compliance standards, and applicable national legal frameworks. The research employs a qualitative–normative method through doctrinal legal analysis and a systematic literature review of regulations, DSN-MUI fatwas, halal certification standards, and reputable academic publications. Data were analyzed using content and thematic analysis to identify convergence and gaps between legal and Sharia requirements. The findings reveal that Islamic business feasibility must be assessed using a dual compliance approach that integrates legal certainty and Sharia conformity grounded in maqasid al-shariah. Businesses that fulfill both dimensions demonstrate stronger legitimacy, ethical governance, and long-term sustainability. This study proposes an operational Sharia business feasibility model that combines legal compliance indicators and Sharia governance measures. In conclusion, Sharia business eligibility requires an integrative assessment encompassing legal, moral, and institutional dimensions. This research offers theoretical contributions to Islamic business studies and practical implications for policymakers, regulators, and Sharia-based enterprises in promoting sustainable and ethical business practices.
Authors: Muhammad Romi, Mawardi Dalimunthe
Institution: Sekolah Tinggi Agama Islam Hubbulwathan Duri
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7202272023