Sharia global trade and sustainable economic growth: A narrative review of justice principles and ethical business

Authors

  • Nur Kholis UIN Sunan Ampel Surabaya
  • Arrizqah Bariroh UIN Sunan Ampel Surabaya

DOI:

https://doi.org/10.55942/jebl.v5i6.659

Keywords:

Shariah-based global trade, Sustainable Development Goals (SDGs), Islamic economics, Business ethics, Economic justice

Abstract

This study seeks to combine and assess the current body of work on the integration of Shariah principles into international trade and their potential contribution to sustainable economic growth. Utilizing a narrative review approach, this study synthesizes academic papers, books, policy documents, and case studies published between 2018 and 2025. A thematic analysis was conducted to explore the correlation between Shariah principles and such as justice (al-ʿadl), transparency (al-shafāfiyyah), the prohibition of riba, gharar, and maysir, and compliance with halal and thayyib standards—and the United Nations Sustainable Development Goals (SDGs), particularly SDG 8 (inclusive growth), SDG 10 (reduced inequalities), SDG 12 (responsible consumption and production), and SDG 16 (peace, justice, and strong institutions). The findings indicate significant opportunities in the expanding halal market, innovations in blockchain halal supply chains, and the standardization of cross-border halal certification. Furthermore, examples from the Islamic Development Bank (IsDB) and Nestlé demonstrate that Shariah-compliant practices can improve fairness, market access, and social welfare while also highlighting challenges such as regulatory fragmentation, limited global awareness of Islamic economics, and infrastructure shortcomings. This study contributes to the creation of an integrated framework linking Shariah economic principles with SDG goals in international trade policy, providing a conceptual guide for policymakers, trade organizations, and multinational companies. Future research should focus on sector-specific empirical applications, develop quantitative models to evaluate the effects of Shariah-compliant trade on sustainable development outcomes, and investigate technological innovations to align Islamic economic ethics with global sustainability objectives.

 

Author Biographies

Nur Kholis, UIN Sunan Ampel Surabaya

Nur Kholis is affiliated with UIN Sunan Ampel Surabaya

Arrizqah Bariroh, UIN Sunan Ampel Surabaya

Arrizqah Bariroh is affiliated with UIN Sunan Ampel Surabaya

References

Abimanyu, A., & Faiz, I. A. (2023). ASEAN Halal Markets Analysis: Regulatory and Harmonization Challenges. Global Review of Islamic Economics and Business, 11(1), 025–044. https://doi.org/10.14421/grieb.2023.111-02

Ahmad, J., Widayatmoko, W., & Md Taib, F. (2024). Enhancing Malaysia’s Halal Brand Identity: Insights and Strategies for Sustainable Global Halal Hub. Kajian Malaysia, 42(2), 73–94. https://doi.org/10.21315/km2024.42.2.4

Ahmed, H., & Rashid, S. (2022a). Islamic economics: Principles and analysis. Routledge. https://doi.org/10.4324/9781003276014

Ahmed, H., & Rashid, S. (2022b). Principles of Shariah-compliant trade and economic justice: An overview. Journal of Islamic Economics and Finance Studies, 8(2), 45–62. https://doi.org/10.1108/JIEFS-2022-0205

Aufi, F., & Aji, H. M. (2021). Halal cosmetics and behavior of Muslim women in Indonesia: The study of antecedents and consequences. Asian Journal of Islamic Management (AJIM), 3(1), 11–22. https://doi.org/10.20885/ajim.vol3.iss1.art2

Azroh, D. A., Ma’ruf, A., & Kholis, N. (2025). Sharia-Based Global Trade for Empowering Southeast Asian MSMEs: Challenges and Strategic Pathways. International Journal of Management and Economics Invention, 11(06). https://doi.org/10.47191/ijmei/v11i6.05

Basir, K. H. (2025). Taking advantage of the halal market for prospective halalpreneurs. In R. H. Omar & N. I. Abdullah (Eds.), Opportunities and challenges for the halal industry in Asia (pp. 65–82). Springer. https://doi.org/10.1007/978-981-96-0393-0_5

Battour, M., Hakimian, F., Ismail, M., & Boğan, E. (2018). The perception of non-Muslim tourists towards halal tourism: Evidence from Turkey and Malaysia. Journal of Islamic Marketing, 9(4), 823–840. https://doi.org/10.1108/JIMA-07-2017-0072

Bosona, T., & Gebresenbet, G. (2023). The role of blockchain technology in promoting traceability systems in agri-food production and supply chains. Sensors, 23(11), 5342. https://doi.org/10.3390/s23115342

Braun, V., & Clarke, V. (2019). Reflecting on reflexive thematic analysis. Qualitative Research in Sport, Exercise and Health, 11(4), 589–597. https://doi.org/10.1080/2159676X.2019.1628806

Fakir, F. Z., Devy, H. S., & Izikki, B. (2023). Halal food to achieve the Sustainable Development Goals (SDG) 2030. Journal of Islamic Tourism, 3(1), 4–33. https://jistour.org/en-us/

Ghalih, M., & Chang, C.-H. (2025). Aligning Halal Supply Chain Management Improvements with Global Sustainability Standards: A DEMATEL-Based Analysis. Management Dynamics in the Knowledge Economy, 13(2), 210–228. https://doi.org/10.2478/mdke-2025-0012

Handayati, P., Rochayatun, S., & Meldona, M. (2024). Halal Food Certification and Sustainability Performance: A Conceptual Paper. KnE Social Sciences. https://doi.org/10.18502/kss.v9i4.15064

Hassan, M. K., Aliyu, S., & Saiti, B. (2022). Islamic finance: Principles, instruments and markets (2nd ed.). Pearson Education.

Idris, R., Ali Tareq, M., Pehin Dato Musa, S. F., & Sumardi, W. H. (2025). Past, Present, Future: Opportunities and Challenges for the Halal Industry. In R. Idris, M. A. Tareq, S. F. Pehin Dato Musa, & W. H. Sumardi (Eds.), The Halal Industry in Asia (pp. 3–23). Springer Nature Singapore. https://doi.org/10.1007/978-981-96-0393-0_1

IsDB. (2024). Annual report 2024. Islamic Development Bank. https://www.isdb.org/publications/annual-report-2024

ITFC. (2024). Annual development report 2024. International Islamic Trade Finance Corporation. https://itfc-idb.org/en/media-center/publications

ITFC. (2025). Reaching new frontiers: 2024 annual report. International Islamic Trade Finance Corporation. https://www.itfc-idb.org

Kurniawan, M., Suparno, S., & Vanany, I. (2025). Conceptual Framework for Halal Supply Chain Traceability and Food Safety in Indonesia Based on Blockchain Technology and Internet of Things to Support Sustainable Development. The 8th Mechanical Engineering, Science and Technology International Conference, 27. https://doi.org/10.3390/engproc2025084027

Mabkhot, H. (2023). Factors Affecting the Sustainability of Halal Product Performance: Malaysian Evidence. Sustainability, 15(3), 1850. https://doi.org/10.3390/su15031850

Maulina, E. (2023). Cross-border recognition of halal certification in ASEAN. ASEAN Journal of Economic Studies, 14(2), 77–92. https://doi.org/10.1177/ASEANJES2023

Nawaz, A., Afzal, A., Khatibi, A., Shankar, A., Madan, H., Faisal, H. S., Shahbaz, A., Usman, I., Zulfiqar, N., Saeed, F., Ahmed, A., Imran, A., Afzaal, M., Karni, A., Ahmed, F., Akram, N., Rasheed, M., & Islam, F. (2025). Role of artificial intelligence in halal authentication and traceability: A concurrent review. Food Control, 169, 111003. https://doi.org/10.1016/j.foodcont.2024.111003

Nazri, N. N., Sahari, N. H., & Ramlan, N. (2022). Review analysis for Traceability System in Halal Food Supply Chain in Malaysia. Social & Management Research Journal, 19(2), 233–253. https://doi.org/10.24191/smrj.v19i2.20104

OECD. (2023). Sanitary and phytosanitary approval procedures: Costs and trade implications (Food, Agriculture and Fisheries Paper No. 192. OECD Publishing. https://doi.org/10.1787/9f76c681-en

OIC. (2023). Statistical, economic and social data on OIC member states. https://www.oic-oci.org

Putri, W. S. T. (2025). The Impact of Sustainable Sourcing on Halal Certification: A Literature Review on Ethical and Environmental Concerns. Journal of Halal Review, 1(1), 51–64. https://doi.org/10.70764/gdpu-jhr.2025.1(1)-05

Ramli, N. A., Nor, F. M., Aziz, M. R., Shahwan, S., Marzuki, A., Basah, M. Y. A., & Sabri, H. (2024). Application of Maqasid al-Shariah in responsible investment (MSRI) and practices towards ESG. Journal of Infrastructure, Policy and Development, 8(16), 5864. https://doi.org/10.24294/jipd5864

Rasyidah, A. N., Azizi, A. Q., & Kholis, N. (2025). Digital Ecosystems in Supporting Global Trade of Halal Products: Innovation and Challenges. AIJBS, 5(2), 1–11. https://doi.org/10.54099/aijbs.v5i2.1360

Rofi’ah, S., Ahmad, A., & Ridwan, M. (2024). Accelerating halal certification in Indonesia and Malaysia. Journal of Islamic Marketing, 15(2), 245–261. https://doi.org/10.1108/JIMA-07-2023-0201

Salsabila, A. Z., Aziz, F. H., & Kholis, N. (2025). Challenges and Strategies to Enhance the Competitiveness of Indonesian Halal MSMEs in the Global Market. Global Journal of Economic and Finance Research, 02(06). https://doi.org/10.55677/GJEFR/06-2025-Vol02E6

Sudana, S. (2024). Islamic principles of justice in cross-cultural business transactions: A phenomenological study in Indonesian multicultural business context. Kawanua International Journal of Multicultural Studies, 5(2), 215–241. https://doi.org/10.1234/kijms.v5i2.2024

Sukhera, J. (2022). Narrative Reviews: Flexible, Rigorous, and Practical. Journal of Graduate Medical Education, 14(4), 414–417. https://doi.org/10.4300/JGME-D-22-00480.1

Susanty, A., Puspitasari, N. B., Jie, F., Akhsan, F. A., & Jati, S. (2025). Consumer acceptance of halal food traceability systems: A novel integrated approach using modified UTAUT and DeLone & McLean models to promote sustainable food supply chain practices. Cleaner Logistics and Supply Chain, 15, 100226. https://doi.org/10.1016/j.clscn.2025.100226

Syarofi, M., & Syam, N. (2025). Digital Transformation in Halal Certification: Opportunities for SMEs in Indonesia. Klabat Journal of Management, 6(1), 28. https://doi.org/10.60090/kjm.v6i1.1234.28-39

Tangkham, W. (2025). Challenges in halal certification adoption among SMEs. Asian Journal of Business and Management, 14(1), 35–48. https://doi.org/10.21315/ajbm2025.14.1.3

Tobing, F., Fauzan, H., Simatupang, K., & Aulia, R. (2024). The Role of Artificial Intelligence in the Halal Industry. Information Management and Business Review, 16(3(I)S), 159–166. https://doi.org/10.22610/imbr.v16i3(I)S.4050

UNDP. (2023). Human development report 2023: Leaving no one behind in the digital age. https://hdr.undp.org/2023-report

United Nations. (2024). Sustainable Development Goals report 2024. UN. https://unstats.un.org/sdgs/report/2024

World Bank. (2025). Global economic prospects: Low global growth amid rising trade barriers. World Bank. https://www.worldbank.org/en/publication/global-economic-prospects

Yuanitasari, D., Sardjono, A., & Susetyo, H. (2025). Digitalization of Halal Certification for SMEs: Between Hope and Reality. Jurnal Bina Mulia Hukum, 9(2), 179–196. https://doi.org/10.23920/jbmh.v9i2.1542

Downloads

Published

2025-12-09

How to Cite

Kholis, N., & Bariroh, A. (2025). Sharia global trade and sustainable economic growth: A narrative review of justice principles and ethical business. Journal of Economics and Business Letters, 5(6), 1–15. https://doi.org/10.55942/jebl.v5i6.659
Abstract Views: 13 | File Views: 11