Sharia-Based SME Resilience in Facing Economic Crises: A Literature Review

Abstract

Micro, Small, and Medium Enterprises (MSMEs) play a strategic role in the economy because they contribute to job creation, household income, and local economic activity. However, MSMEs are among the business groups that are highly vulnerable to economic crises due to limited capital, restricted access to financing, managerial capabilities, dependence on particular markets, and limited technological adaptability. From the perspective of Islamic economics, SME resilience is not only related to the ability to survive and recover business activities but also to the ability to conduct business activities based on the principles of halal, justice, trustworthiness, blessing, and maslahah. This study aims to analyze the concept of Sharia-based SME resilience in facing economic crises and to identify strategies that can strengthen SMEs' ability to survive, adapt, and grow after a crisis. The study employs a library research method using a qualitative and descriptive-analytical approach. The research sources consist of scholarly journal articles, academic books, and literature discussing SMEs, business resilience, economic crises, Islamic economics, Islamic financing, digitalization, and maqashid al-shariah. The analysis was conducted through concept identification, thematic classification, comparison of ideas, interpretation, and synthesis. The findings indicate that Sharia-based SME resilience is built through business adaptability, market and product diversification, strengthening digital literacy, access to Islamic financing, sound financial management, strengthening business networks, and the implementation of Sharia principles. Ultimately, such resilience is directed not only toward business continuity but also toward creating maslahah for business owners, employees, consumers, and society.