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Business Feasibility Study in Sharia Review of Silina Company Using Social Cost-Benefit Analysis

In: Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

Author

Listed:
  • Fetriawati Fetriawati

    (Hasanuddin University)

  • Justan Riduan Siahaan

    (Hasanuddin University)

  • Hamzah Haz

    (Hasanuddin University)

Abstract

This study aims to evaluate the business feasibility of Silina Co. as an environmentally friendly organic fertilizer business using the social cost-benefit analysis approach with a sharia perspective. The research method used is descriptive qualitative research using the Social cost-benefit analysis (SCBA) approach which is carried out by analyzing primary and secondary dataPrimary data was obtained from interviews with business owners and respondents related to the organic fertilizer business. Secondary data was obtained from sources related to organic fertilizer business development. The results showed that Silina Co. Has the potential to become a successful business and provide great economic and social benefits. In the SCBA analysis, the results show that Silina Co. Generates significant social and economic benefits and has the potential to generate good profits in the future. On the sharia side, Silina Co. Also meets the sharia principles in the organic fertilizer business, such as environmental sustainability, social welfare, and economic justice. In conclusion, the business feasibility study on Silina Co. as an environmentally friendly organic fertilizer business using the social cost-benefit analysis approach with a sharia perspective shows that this business has the potential to become a successful business, provides great economic and social benefits, and meets the principles of sharia in the organic fertilizer business. It is recommended that Silina Co. Strengthen the promotion and marketing of its products and increase partnerships with local farmers to increase business effectiveness and expand market reach.

Suggested Citation

  • Fetriawati Fetriawati & Justan Riduan Siahaan & Hamzah Haz, 2025. "Business Feasibility Study in Sharia Review of Silina Company Using Social Cost-Benefit Analysis," Advances in Economics, Business and Management Research, in: Mursalim Nohong & Fitra Roman Cahaya & Phung Minh Tuan & Arifuddin Mannan & Anas Iswanto Anwar & Ria (ed.), Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024), pages 2436-2446, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-758-8_195
    DOI: 10.2991/978-94-6463-758-8_195
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