Measuring Islamic Business Ethics Within Indonesia Islamic Banks

Widana, Gusti Oka; Wiryono, Sudarso Kaderi; Purwanegara, Mustika Sufiati; Toha, Mohamad

doi:10.7187/gjat622014.04.02

Cited by 4 publications

(8 citation statements)

References 25 publications

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“…Ethics or in the equivalent Islamic term is referred to as ihsan or ahlak (Habibah, 2015;Syed & Metcalfe, 2015) Several scholars have proposed an Islamic business ethics platform (e.g., Abeng, 1997;Badawi, 2001;Beekun, 1997;Hameed & Sabir, 2019;Husni, 2018). One group of scholars i.e., Widana et al, (2014) have synthesized some models of Islamic business ethics and proposed a model that particularly designed for Islamic banks. The model consists of 7 (seven) dimension that Islamic banks need to consider and implement in running the banks' operation.…”

Section: Islamic Business Ethicsmentioning

confidence: 99%

“…In the following sub-chapter, an explanation is presented on how the 7 (seven) dimensions of Islamic business ethics as proposed by Widana et al (2014) can be employed in resolving NPF.…”

Section: Islamic Business Ethics In Resolving Nonperforming Financingmentioning

confidence: 99%

“…This concept has the meaning that Allah oversees and controls everything and consequently all aspects of life should only be for the worship of Allah (Widana et al, 2014), as clearly stated in the Quran Surah Az-Zariyat: 56.…”

Section: Unity Of God (Tawhid)mentioning

confidence: 99%

“…In the analysis, this study borrows the model proposed by Widana et al (2014) regarding 7 (seven) dimensions of Islamic business ethics which are used as ethical references for solving NPF. The dimensions of Islamic business ethics are (1) Unity of God (2) benevolence, (3) justice, (4) sincerity, (5) equilibrium, (6) responsibility, and (7) vicegerency.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

The ethics of resolving the nonperforming financing of Mudharaba Contracts in Indonesia Islamic Banks

Widana,

Fahrurozi,

Ssetyawan

2023

IJRBS

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Islamic bank is a bank that implement Islamic principles, including the implementation of policies and activities that should be in accordance with Islamic business ethics. This study discusses about how to behave ethically in solving the non-performing financing in Islamic banks. The non-performing financing has the potential to bring losses to banks. For Islamic banks which provide financing under mudharaba contract, this contract brings more risk to banks. Using a qualitative approach in the form of library research by gathering relevant library resources and abstracting and interpreting the excerpts of references to draw conclusions, this study seeks to explain how to solve non-performing financing from the view of Islamic business ethics. This study uses seven dimensions of Islamic business ethics to describe ethical behavior in resolving nonperforming financing, namely: (1) Unity of God (2) benevolence, (3) justice, (4) sincerity, (5) Equilibrium (6) responsibility and (7) vicegerency. The findings of this study summarize that resolving non-performing financing in Islamic Banks should consider the seven ethical variables to minimize the potential harms or losses. This study will contribute to the body of knowledge on Islamic Bank financing and the practical benefits for the officials and employees in Islamic Banks as there is still limited research regarding this topic. Future studies are encouraged to cover other specific financing activities or products to broaden the knowledge through the findings.

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Section: Islamic Business Ethicsmentioning

confidence: 99%

“…In the following sub-chapter, an explanation is presented on how the 7 (seven) dimensions of Islamic business ethics as proposed by Widana et al (2014) can be employed in resolving NPF.…”

Section: Islamic Business Ethics In Resolving Nonperforming Financingmentioning

confidence: 99%

Section: Unity Of God (Tawhid)mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The ethics of resolving the nonperforming financing of Mudharaba Contracts in Indonesia Islamic Banks

Widana,

Fahrurozi,

Ssetyawan

2023

IJRBS

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show abstract

“…In brief, Hashi (2011) summarized that ethic is a standard that defines what a man ought to do, including virtues, attitudes, and obligations both as individuals and as a part of society (cf. Widana et al 2014).…”

Section: A the Definition Of Termsmentioning

confidence: 99%

Probing Islamic Values of Business Principles and Ethics

Nur

Asiyah

Puspitarini

et al. 2019

int.jour.sci.res.mana.

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In Islam, business is one of the most important parts of mu’āmalah (worldly transaction) and gets a very serious attention. Islam teaches the values that must be obeyed and followed by its adherents when conducting business. Unfortunately, the present reality shows that there are still many Muslims who prefer opting and practicing business principles and methods that may not contain and display Islamic values in their practices. This paper is aimed to explore what values are taught by Islam in conducting a good and permissible business, principally and ethically. The study was a library research employing the discourse analysis. The results of this study show that Islam teaches a very comprehensive concept of business pertaining to its principles and ethics. They also show that, contrary to conventional business principles, Islamic ones accentuate the aspect of divinity in business. This is so because basic principles and ethics taught by Islam through its maqāṣid sharī'ah in conducting mu’āmalah, in this case doing business, are meant none other than to bring benefits to mankind justly and proportionally as well as resisting any harm from them.

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The Role of Business Ethics in the Relationship between Market Orientation and Business performance

Nadham

Nahid²

2015

IJFBS

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The positive of impact of market orientation toward business performance of a company is a common wisdom in the marketing literatures. Hence the prior studies recommend that the connection will depend on other strategic actions. In this regards, this study tries to assess the construct of business ethics as the precedent of market orientation in the context of Indonesia Islamic banks. Upon assessing data using SmartPLS, this study finds that market orientation is the determinant of business performance and Islamic business ethics is the precedent of market orientation. However, market orientation is not effective as the mediator in the relationship between Islamic business ethics and business performance. The discussion of this finding is provided as well as the managerial implication at the end of this paper.

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Measuring Islamic Business Ethics Within Indonesia Islamic Banks

Cited by 4 publications

References 25 publications

The ethics of resolving the nonperforming financing of Mudharaba Contracts in Indonesia Islamic Banks

The ethics of resolving the nonperforming financing of Mudharaba Contracts in Indonesia Islamic Banks

Probing Islamic Values of Business Principles and Ethics

The Role of Business Ethics in the Relationship between Market Orientation and Business performance

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