Systematic Literature Review on the Relationship Between Islam and Organizational Performance

Abstract

Since most research on Islam and organisational performance focus on specific area such as finance, human capital, banking services, waqaf, and entrepreneurship, this paper will attempt to study the overall relationship between Islam and organizational performance using systematic literature review without restricting its scope only on specific area of study, business or industry. This study is guided by adapting RepOrting standards for Systematic Evidence Syntheses (ROSES) review protocol. Based on thematic analysis, this study has identified five main themes -financial affairs, sharia-compliant organizations, Islamic human capital, social and network affairs, and environmental issues and tourism, and two subthemes -organizational roles, and Islamic banking. This research made several key contributions to the field's practical applications and body of knowledge, namely the role of Islam in organizational performance, the identification of the shortcomings of the implementation of sharia-compliant products and services. Future research should look further on how to improve the shortcomings that have been identified in this study, which include the products and services offered by Islamic financial institutions, and how these institutions can improve their services further to benefit their stakeholders even more.