International Journal of Islamic Business & Management 2021-04-30T18:44:08+00:00 Managing Editorial Board Open Journal Systems GLOBAL FINANCIAL CRISIS: AN ISLAMIC MANAGEMENT APPROACH 2021-04-30T18:44:08+00:00 Ivan Rahmat Santoso Fahruddin Zain Olilingo <p><em>Th</em><em>e purpose of this</em><em> study </em><em>is to determine the </em><em>solutions to financial crises based on the perspective of Islamic management</em><em>. It also discusses the roles of</em><em> faith and </em><em>Islamic </em><em>monotheism in </em><em>managing</em><em> the global financial crisis. The qualitative method </em><em>was used to obtain data from books and articles related to Islamic management based on Qur’an and Hadith. These </em><em>data </em><em>were further</em><em> analyzed </em><em>and used as a solution to problems related to </em><em>the global financial crisis by Islamic values.</em><em> The result showed that</em><em> the values of faith and monotheism following </em><em>organizational</em><em> policy and management </em><em>tend to</em><em> minimize financial speculative actions and greed. </em><em>In addition, these values assist</em><em> managers in </em><em>planning, organizing, directing, and supervising their subordinates </em><em>under Islamic rules and regulations. The application of this value is mainly reflected in the aspects of behavior, organizational aspects, and system aspects through the mechanism of placing the </em><em>sharia supervisory board and profit-sharing in Islamic financial institutions, simplicity, and avoiding is in organizational management as well as the principle of prudence and avoiding speculative action. This </em><em>research</em><em> supports the role </em><em>of the Islamic </em><em>management </em><em>system </em><em>in winning finances</em><em> and implementing organizational policies </em><em>to overcome global financial problems.</em></p> <p><strong>JELClassification Codes</strong>: G01, H12, D46.</p> <p>&nbsp;</p> 2021-04-30T00:00:00+00:00 ##submission.copyrightStatement##