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Ikhtikar, Islamic Business Ethics, Price floor, Price ceiling, role of government. Maghfuroh, Nuril Laila; Djalaluddin, Ahmad; Asnawi, Nur; Yazid, Azy Athoillah; Muhammad, Zaydan
Dinar : Jurnal Ekonomi dan Keuangan Islam Vol 11, No 2: Agustus 2024
Publisher : Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/dinar.v11i2.23339

Abstract

Ikhtikar is a very immoral business strategy, because it can result in injustice, trouble and misery for other business people. In Islamic business ethics, ethical behavior is strictly prohibited because it will inevitably result in a party experiencing losses which will result in injustice in business. This research uses a qualitative method with a descriptive approach to opinions from journals, articles and books about ikhtikar.The results of this research are that endeavor in the view of Islamic business ethics does not really reflect a sharia-compliant businessman because of the greed of the perpetrator of the endeavor to gain large and abundant profits even though he has to sacrifice other business partners. This requires a sharia business spirit and government intervention in dealing with ethical problems by implementing monetary policy and fiscal policy, such as setting a price floor (the most expensive retail price) and a price ceiling (the lowest purchasing price). The price floor is used when there is a shortage of goods on the market, while the price ceiling is applied when the harvest or goods on the market are abundant.
Review of the all-you-can-eat restaurant concept based on Islamic business ethics to assist the development of the national halal ecosystem: Kajian konsep restoran all-you-can-eat berdasarkan etika bisnis Islam guna mendukung pembangunan ekosistem halal nasional Muhammad, Zaydan; Maghfuroh, Nuril Laila; Qanita, Ariza
Journal of Halal Product and Research (JHPR) Vol. 7 No. 1 (2024): Driving Global Halal Value Chain, What Should We Do?
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jhpr.vol.7-issue.1.59-66

Abstract

All you can eat is a restaurant or restaurant service that has a menu sales system based on only one payment for all available menus with a buffet or buffet concept with a certain time limit. In Indonesia, many restaurants or places to eat have provided all you can eat because of the pretext of attracting customers and increasing turnover. However, there are still many places to eat that provide non-halal menus that are contrary to Indonesia's vision as a global halal center in 2024. In this study, a qualitative descriptive method was used with literature and Islamic business ethics as a supporting study. The purpose of this study is to conceptually describe all you can it in accordance with Islamic business ethics and support the creation of a halal ecosystem in Indonesia. So that it can produce research output that can be used as a reference later for restaurants or restaurants that provide an all you can it menu that is in accordance with the principles of Islamic business ethics and still maintains halal status.
Integration of HAS with blockchain as halal sustainability in maqashid sharia perspective Qanita, Ariza; Maghfuroh, Nuril Laila; Muhammad, Zaydan
Journal of Halal Product and Research (JHPR) Vol. 7 No. 1 (2024): Driving Global Halal Value Chain, What Should We Do?
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jhpr.vol.7-issue.1.40-51

Abstract

Efforts to develop the halal industry, especially in the food sector, continue to be encouraged by the government. One of that is by issuing a regulation that requires all circulating products to have a halal certificate. But in fact, not a few business actors commit acts of fraud to obtain the halal certificate. Therefore, what must be considered is not just the labeling of the finished product, but the sustainability of production management and the halal supply chain which can be initiated through the implementation of a Halal Assurance System (HAS) with blockchain management. Halal sustainability has an important role based on the maqashid sharia aspect. This study used a qualitative approach with the type of library research. The data analysis technique used is PESTELE analysis. The results of the study showed that halal sustainability through the application of blockchain-based HAS fulfills the five important elements in maqashid dharuriyyah, namely hifdz al-diin, hifdz al-nafs, hifdz al-'aql, hifdz al-nasl and hifdz al-maal through aspects of embodiment of religious value and consumer protection. PESTELE analysis results showed that an important factor that needs to be considered in the development of the Halal Assurance System is the human error or social and ethical aspects of business actors or those involved in halal production management. This can be the basis for suggestion regarding the importance of increasing education and training in halal management.
Implementation of muslim personal financial management in the context of halal financial education Maghfuroh, Nuril Laila; Qanita, Ariza; Muhammad, Zaydan
Journal of Halal Product and Research (JHPR) Vol. 7 No. 1 (2024): Driving Global Halal Value Chain, What Should We Do?
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jhpr.vol.7-issue.1.83-90

Abstract

Islam is a religion that is comprehensive in managing the lives of its people, including in the financial sector. Halal financial principles set out rules and guidelines that govern how Muslim individuals should manage their money in a manner that is in accordance with Islamic teachings which includes income, expenses, investments and financing. This research uses a descriptive qualitative method with a library research approach. The data collection method was carried out by searching for written library data sources and analyzing digital observations. This research aims to provide an overview of halal financial management so that Muslim individuals can gain skills and knowledge in managing finances according to Islamic principles. This is expected to increase halal financial literacy so that Muslims can achieve financial freedom.
Leveraging Digital Cooperatives for Inclusive Finance: The Role of Securities Crowdfunding in Achieving the Sustainable Development Goals (SDGs) Ulum, Kefi Miftachul; Yazid, Azy Athoillah; Ariyanti, Sari; Biantoro, Bagus Rio; Maghfuroh, Nuril Laila; Izzati, Lia Wilda; Ulum, Mohammad Khoirul
Electronic Journal of Education, Social Economics and Technology Vol 5, No 2 (2024)
Publisher : SAINTIS Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33122/ejeset.v5i2.246

Abstract

Digital financial innovation has resulted in many financial service products such as crowdfunding. Indonesia legitimised the commercial crowdfunding system through OJK Regulation Number 37 of 2018 on Equity Crowdfunding. The regulation was replaced through OJK Regulation Number 57 of 2020 concerning securities crowdfunding and added to streamline technical matters through OJK Regulation Number 16 of 2021. At the beginning of the regulation, the securities offered were limited to equity types. The change in regulation developed a variety of sukuk and debt securities. In May 2024, sukuk amounted to 105 securities, with a percentage control of 30% of the total 356 securities, consisting of 231 equity and 20 debt. The capitalisation of sukuk increased from the number of sukuk in August 2023, which amounted to 59, with a percentage control of 22% of the total securities. Growth is an opportunity to transform digital-based cooperatives that organise funding in securities crowdfunding services. This opportunity becomes a legal challenge in the aspect of legality, so it is necessary to examine the digital financial innovation to ensure its implementation. Normative legal research is the research method that will be used, collaborating with the statute approach and the conceptual approach as the research approach. Primary data in the form of Law of the Republic of Indonesia Number 17 of 2012 concerning Cooperatives, Law of the Republic of Indonesia Number 20 of 2008 concerning Micro, Small, and Medium Enterprises, and Financial Services Authority Regulation Number 57 of 2020 concerning Securities Offerings Through Information Technology-Based Crowdfunding Services. Secondary data in the form of securities crowdfunding growth and analysed using integrative legal theory with descriptive analysis and descriptive integrative methods. The research found that there is a potential transition of digital-based cooperatives as providers of securities crowdfunding services that have been legitimised through legal integration analysis.