INTEGRATING THE TAWHIDIC PARADIGM IN MODERN MANAGEMENT PRACTICES: A CASE STUDY OF BANK SYARIAH INDONESIA (BSI) CHALLENGES

Abstract

The global financial sector is increasingly focusing on ethical and values-based management due to corporate scandals, environmental issues, and social inequality. Traditional management approaches often ignore ethics, leading to alternative models like Islamic management, which is built on the concept of Tawhid (the Oneness of God). This framework highlights unity, accountability, responsibility, justice, and consultation, providing a balanced way to run businesses ethically. This study looks at how the Tawhidic paradigm is used in modern management practices, with a focus on Bank Syariah Indonesia (BSI), Indonesia’s largest Islamic bank. Created in 2021 by merging three state-owned Islamic banks, BSI shows how Islamic values can guide business while staying competitive. The research examines BSI’s management style, including its commitment to Sharia rules, how it works with stakeholders, and its ethical decision-making. It also discusses challenges like maintaining profits while following Islamic principles, increasing public awareness of Islamic finance, and improving cybersecurity. The results show that BSI effectively applies Tawhidic values in its operations, ensuring transparency, accountability, and social responsibility. However, it struggles with balancing religious rules and market needs, as well as educating customers about Islamic finance. The study concludes that BSI’s approach offers useful lessons for businesses that want to combine ethics with strong management, proving that financial success and religious values can work together. This research adds to the discussion on Islamic management and provides practical insights for companies aiming for ethical and sustainable management practices.