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Journal : Sharia Oikonomia Law Journal

The Influence of Business Ethics in Entrepreneurship in the Era of Covid-19 Pandemic Akbar, Dzaki Maulana; Kathryn, Morse; Barra, Ling
Sharia Oikonomia Law Journal Vol. 1 No. 4 (2023)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55849/solj.v1i4.656

Abstract

Entrepreneurs in the current era are facing the impact of the Covid-19 pandemic which has caused a decline in sales, raw materials and capital difficulties. This research aims to analyze business actors in understanding the values and rules of business ethics and confirm conformity with the principles of business ethics as well as the application of business ethics during the covid-19 pandemic. This research uses qualitative methods as well as interviews by telephone and meeting directly with business people but still applying health protocols, the respondents in this study were 8 people as entrepreneurs. This research uses qualitative descriptive data analysis. The application of business ethics and business strategies is carried out to realize the sustainability of a business during the ongoing global pandemic and also when the pandemic is over in order to strengthen business management. The results of this study can be used in providing debriefing to every company leader when considering making strategic decisions related to complex morals.
Efforts to Increase the Competitiveness of Export Products in the Free Market in Islamic Economic Development Kusjiarsih, Robby Prasetyo; Adinugraha, Hendri Hermawan; Kathryn, Morse
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.v1i3.190

Abstract

This research intends to increase the competitiveness of export products on the free market in Islamic economic development. This study uses a systematic literature review method. The data source for this research comes from journals and other literature related to direct marketing. The findings in this literature review study conclude that the realization of free trade tends to encourage each country to fully specialize in the production of goods that have a comparative advantage for that country. The readiness of a country in globalization depends on how the country encourages the products it produces to have a comparative advantage. With comparative advantage, competitive products will be produced in the global market. In addition, with the growth of world trade areas, which tend to form trading blocs in almost all continents, adding to the globalization of trade in the world today. Economic globalization is the expansion of global markets where global resources in production and marketing are no longer limited by geographic boundaries of countries. In fact, globalization covers a wider field, including the influence of politics, technology and culture. The role of the market becomes more important in creating economic conditions than the government. Countries can have a way that is considered most appropriate, but it is market policy that will be directly related to global markets. Companies and other forms of organization are no longer limited by national territory, the world has truly become one global "village".  
Analysis of the Influence of Contemporary Economic Law on Public Policy in Muslim Majority Countries Zaki, Amin; Oscar, Scherschligt; Kathryn, Morse
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.v2i3.1407

Abstract

Modern economic law is very dynamic and covers a lot of things about markets, investment, fiscal policy, and international trade. Sharia principles that emphasize fairness, transparency, and prohibition of usury often influence the implementation of economic law in Muslim-majority countries. The main objective of this study is to analyze the impact of modern economic law on public policy in Muslim-majority countries. Specifically, this study aims to identify the principles of modern economic law that are relevant to Muslim-majority countries, evaluate how these principles are incorporated into public policy, and assess the impact of the application of modern economic law on increasing democratic expectations. This study uses a qualitative approach with a case study method. Data were collected through in-depth interviews with legal and economic experts, public policy observations in several Muslim-majority countries such as Indonesia, Malaysia, and Saudi Arabia. The results of the study show that Muslim-majority countries face various difficulties in integrating sharia values with the principles of modern economic law.  This study finds that modern economic law influences public policy in Muslim-majority countries. It is possible to promote inclusive and sustainable economic growth by incorporating Sharia principles into the structure of modern economic law. However, successful implementation depends largely on the government’s ability to balance market rules with religious principles.