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Ethics, Morals and Morals and Factors Affecting Ethics Xu, Shanshan; Xavier, Murphy; Elliot, McCarty
Sharia Oikonomia Law Journal Vol. 1 No. 3 (2023)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55849/solj.v1i3.488

Abstract

Human life can never be separated from binding values, rules and norms. In this life, humans show their ethics, morals and also their manners in socializing. Ethics are very important for all areas of human life, including in business. Islam as a religion that is very concerned about its people has also provided clear rules regarding ethics, morals and manners. The purpose of this paper is to discuss Ethics in Islam. Ethics in language is the science of what is bad and about moral rights and obligations. Ethics also means the values of right and wrong that a person holds. Ethics means manners or social behavior. The basic meaning of ethics is ethos (Greek).Ethics is part of the science of philosophy. Ethics is often equated with ethics and morals, but many experts also distinguish between the two.The method of this writing is the Lebrary Riseach method. In this paper the author discusses the definition of ethics, the urgency of ethics, factors that influence ethics, the Koran and hadith in ethics.
Critique of the Neoclassical Economic Model from an Islamic Economic Perspective Rijal, Syamsu; Xavier, Murphy; Elliot, McCarty
Sharia Oikonomia Law Journal Vol. 2 No. 3 (2024)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v2i3.1408

Abstract

For many years, the neoclassical economic model has been the basis of modern economic analysis. This model is based on the assumptions of individual rationality, market equilibrium, and resource allocation based on market prices. This study examines and evaluates the neoclassical economic model from an Islamic economic perspective. Specifically, it seeks a deeper understanding of how Islamic economic principles and values can offer alternatives or adjustments to the currently dominant neoclassical model. Using a qualitative approach, this study analyzes relevant literature on Islamic and neoclassical economics. In addition, this study involves a comparative study of the basic principles of both paradigms; in addition, this study explores the theoretical and practical perspectives offered by Islamic economists. This study shows that the criticism of the neoclassical economic model from the perspective of Islamic economics has a strong and reasonable basis. Social justice and fair distribution in the distribution of resources are often overlooked by the neoclassical economic model. In conclusion, this study shows that there is great potential to create a more inclusive and sustainable economic model by combining Islamic economic principles with the neoclassical economic framework. Although there are fundamental differences between the two paradigms, incorporating Islamic economic principles in a judicious manner can result in a more equitable and effective economic system.