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Ziyadah from an Islamic Perspective (Case study at BMT Al-Rifa’ie) Absari, Dyatri Utami Arina; Kholili, Isa
Journal of Economics and Business Letters Vol. 4 No. 2 (2024): April 2024
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v4i2.314

Abstract

Islamic banking principles emerge primarily from the unequivocal prohibition of riba (usury) in the Quran. The Indonesian government has bolstered Islamic banking with legal frameworks, beginning with Law No. 7 of 1992, later replaced by Law No. 10 of 1998, providing a robust legal basis for its operations. The evolution of Islamic banking in Indonesia started with the establishment of Bank Muamalat Indonesia (BMI) on November 1, 1991, which catalyzed the rise of Islamic financial institutions such as Baitul Maal Wa Tamwil (BMT). Interest (riba) is forbidden in Islam due to the additional or ziyadah interest charged on loan transactions. BMT, operating as an Islamic financial institution, eschews interest in favor of profit-sharing systems. The Indonesian Ulema Council (MUI) has issued several fatwas related to ziyadah, including MUI Fatwa No. 1 of 2004. This research, conducted at BMT Al-Rifa’ie, adopts a qualitative approach with a historical hermeneutic analysis. Informants include seven individuals from management, customers, and the MUI. The study concludes that the ziyadah practices at BMT Al-Rifa’ie align with Islamic principles.
Mengembangkan HRM Berdasarkan Nilai: Mengintegrasikan Prinsip Etika Islam ke dalam Praktik Human Resource Managament Modern Kholili, Isa; Irsyada, M Rihal
Moderasi : Journal of Islamic Studies Vol. 5 No. 2 (2025): Desember
Publisher : Lajnah Ta'lif wan Nasyr Nahdlatul Ulama (LTN-NU) Kabupaten Probolinggo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/moderasi.v5i2.145

Abstract

This study explores the integration of Islamic ethical principles into modern Human Resource Management (HRM) practices to respond to the global shift toward value-based and human-centered management models.A systematic literature review was conducted using Scopus, Web of Science, and other major databases. Thematic analysis was applied to identify how Islamic ethics—such as amanah, adl, ta’awun, sabr, and shura—are operationalized within HRM functions. The findings indicate that these ethical values can be embedded into recruitment, training, performance appraisal, compensation, and leadership systems. Their integration enhances organizational justice, employee engagement, cooperation, resilience, and decision-making effectiveness.Islamic ethics provide a relevant moral framework for shaping holistic, ethical, and sustainable HRM models. The study offers a conceptual alternative to conventional HRM approaches that tend to be materialistic and individualistic, demonstrating the potential of Islamic values to address contemporary organizational challenges.