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A Culture of Honesty (Shiddiq) and Shame (Haya’) in Organisational Financial Management and Accounting Practices: An Empirical Qualitative Approach Ira Hasti Priyadi; Moh Muhlis Anwar
JABE (JOURNAL OF ACCOUNTING AND BUSINESS EDUCATION) Volume 9, Issue 2, December 2024
Publisher : Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17977/jabe.v9i2.55560

Abstract

This study explores the impact of the Islamic values of honesty (siddiq) and shame (haya’) on organizational financial management through a descriptive qualitative approach. Financial management is pivotal to an organization’s operations, and incorporating Islamic values can enhance integrity and transparency in financial practices. This paper investigates how these values influence financial management by analyzing in-depth interviews with organizational board members responsible for finance. Findings reveal that honesty is integral to financial transparency and accuracy, aligning with the concept of integrity in organizational culture. Shame serves as an ethical mechanism to prevent fraudulent behavior, driven by a strong sense of moral and spiritual accountability. The study underscores that a culture of honesty and shame fosters responsible financial management, though challenges such as external pressures and lack of oversight may undermine these values. The research contributes to understanding how Islamic ethical principles can reinforce positive financial practices within organizations