The Principles of Sharia Good Corporate Governance (GCG) as the Main Pillar of Islamic Economics: Creating a Fair, Inclusive, and Sustainable Alternative System

Syerly Lia Azharah; Baginda Parsaulian

doi:10.30983/iciefs.v3i1.890

Authors

Syerly Lia Azharah Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi
Baginda Parsaulian Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

DOI:

https://doi.org/10.30983/iciefs.v3i1.890

Keywords:

Corporate Governance, Financial Inclusion, Good Sharia, Islamic Economics

Abstract

This study examines the fundamental role of Sharia Good Corporate Governance (GCG) as the main foundation in building an Islamic economic system that can offer fair, inclusive, and sustainable alternatives. Using qualitative research methods with a literature study approach, this study analyzes the principles of Sharia GCG, which include transparency, accountability, responsibility, independence, and fairness, which are integrated with Islamic values such as shiddiq, amanah, fathanah, and tabligh. The results show that the implementation of Sharia GCG not only meets modern corporate governance standards but also ensures compliance with Sharia principles and maqasid Sharia in creating maslahah for all stakeholders. Sharia GCG has been proven to create better economic stability, encourage broader financial inclusion, and support sustainable development through fair wealth distribution mechanisms such as zakat, waqf, and profit-sharing-based financial instruments. This study confirms that Sharia GCG has the potential to be an effective alternative model for overcoming global economic inequality and creating a more humanistic and moral economic system.

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