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Fita Nurotul Faizah
Universitas Islam Negeri Walisongo Semarang, Indonesia
Economics, Econometrics & Finance

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The Relevance of Muhammad Nejatullah Siddiqi's Thoughts on Islamic Business Ethics as a Critique of Modern Capitalism Endang Supriyati; Ali Murtadho; Fita Nurotul Faizah
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2503

Abstract

This study aims to examine muhammad nejatullah siddiqi’s thoughts on islamic business ethics and their relevance as a critique of modern capitalist practices. The methodological approach used is qualitative with library research, which focuses on conceptual analysis of siddiqi’s works, particularly some aspects of islamic economy. Research data were obtained from primary and secondary literature relevant to the study of islamic business ethics and the capitalist economic system. The results of the study indicate that, in siddiqi’s view, islamic business ethics places moral values ​​as the main foundation within the framework of economic rationality. Principles such as moral orientation, social responsibility, justice in the distribution of wealth, and risk-sharing mechanisms serve as an ethical framework that regulates economic relations in a fair and balanced manner. These principles also serve as a normative critique of modern capitalist practices that tend to emphasize profit maximization, the application of interest systems, and the separation between economic activity and social responsibility. This study shows that business ethics within siddiqi’s framework functions not only as an individual moral guideline, but also as a normative framework that can be used to assess and improve contemporary economic practices, in order to achieve a more just and sustainable economic system.
Co-Authors Ali Murtadho Endang Supriyati