Value - Based Economic Resilience: A Phenomenological Study Of Msmes' Survival Strategies Through Islamic Philanthropy Practices

Hayatun Nufus; Pocut Ainiah

doi:10.63922/ijebir.v5i05.5890

Hayatun Nufus Universitas Islam Aceh
Pocut Ainiah Universitas Islam Aceh

DOI: https://doi.org/10.63922/ijebir.v5i05.5890

Keywords: economic resilience; MSMEs; Islamic philanthropy; phenomenology; spiritual capital.

Abstract

This study aims to examine value-based economic resilience among Micro, Small, and Medium Enterprises (MSMEs) through the implementation of Islamic philanthropic practices. Using a qualitative approach with a phenomenological method, the research explores the lived experiences of MSME owners in making sense of zakat, infaq, alms, and various other forms of Islamic philanthropy as strategies to maintain business sustainability amidst various economic challenges. Informants were selected purposively, consisting of MSME owners who continuously practice Islamic philanthropy and have experienced economic pressure. The findings reveal that Islamic philanthropic practices are not perceived as a reduction in assets or business capital, but rather as a form of spiritual investment believed to bring blessings (barakah), peace of mind (tuma'ninah), and enhanced optimism in managing the business. Furthermore, these practices play a role in strengthening social capital by increasing customer trust, employee loyalty, and community support for business continuity. This study also develops the concept of Value-Based Economic Resilience, defined as economic resilience built through the synergy of economic, social, and spiritual capital. These findings contribute to the development of Islamic economics literature by emphasizing that Islamic philanthropy functions not only as a mechanism for wealth distribution, but also as an effective internal strategy to enhance the economic resilience of MSMEs.

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