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Haruni Ode
Universitas Muhammadiyah Luwuk Banggai
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Journal : Sharia Oikonomia Law Journal

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The Impact of Islamic Business Ethics on Multinational Corporate Practices Ode, Haruni; Razak, Faisal; Huda, Nurul
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.v2i3.1405

Abstract

It is important to understand the role and influence of Islamic business ethics on the actions of multinational corporations (MNCs) in an increasingly connected world. The question of how Islamic values and principles can influence business decisions has become a subject of great concern in the era of globalization that presents increasingly complex ethical challenges for multinational companies. This study aims to learn more about how Islamic business ethics affect the operations of multinational companies. This study not only seeks the immediate results of implementing Islamic principles in business decision-making, but also examines its long-term effects on corporate reputation, stakeholder relations, and operational sustainability. Literature analysis, case studies, and interviews with stakeholders in multinational companies implementing Islamic business ethics policies. This method allows researchers to gain a broad understanding of how these principles are applied in the daily life of the company and how various parties interact with the policy. Research shows that implementing Islamic business ethics in the practices of multinational companies can have significant effects, from increasing stakeholder trust and loyalty to improving financial performance and corporate reputation. This study finds that ethical principles are very important in business decision making, especially for multinational companies that have influence around the world. MNCs can use the integration of Islamic business ethics to gain competitive advantage and build a strong foundation for the growth and development of more just and sustainable societies around the world.
Shariah and Corporate Social Responsibility: A Comparative Analysis of Shariah-Compliant Businesses in Indonesia and Malaysia Ode, Haruni; Natsir, Imron; Mayndarto, Eko Cahyo
Sharia Oikonomia Law Journal Vol. 3 No. 1 (2025)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v3i1.2081

Abstract

The integration of Shariah principles with corporate social responsibility (CSR) has gained prominence as businesses strive to align ethical practices with Islamic values. Indonesia and Malaysia, as leading Muslim-majority economies with robust Islamic finance sectors, offer unique insights into how Shariah compliance influences CSR frameworks. However, comparative studies on CSR practices among Shariah-compliant businesses in these countries remain limited, particularly in addressing cultural, regulatory, and theological divergences. This study aims to analyze and compare CSR practices in Shariah-compliant businesses in Indonesia and Malaysia, focusing on their alignment with Islamic ethical principles, stakeholder engagement, and contributions to sustainable development. A mixed-methods approach is employed, combining quantitative analysis of CSR reports from 50 companies (25 per country) and qualitative interviews with 20 stakeholders (executives, Shariah scholars, and CSR experts). Data were analyzed using thematic analysis and comparative statistical tools. The findings reveal that Malaysian businesses exhibit more standardized CSR frameworks rooted in stringent Shariah governance, emphasizing environmental sustainability and ethical governance. Indonesian businesses prioritize community-driven initiatives, reflecting local socio-cultural contexts. Both countries align CSR with Islamic principles like zakat and maslahah, but Malaysia’s regulatory ecosystem enhances accountability, while Indonesia’s approach is more decentralized and adaptive.
Co-Authors Ahmad Junaidi Ahmad Junaidi Ahmad Salabi Amrih Yuwono Antoni Antoni Antoni Antoni Arief Yanto Rukmana Arzuna, Pit Bahidin Laode Mpapa Bunyamin, Ilham Akbar Dara, Sokha Delyana R. Pulungan Efendi Efendi Elkana Timotius Erwanto Eva Desembrianita Fildansyah, Rully Frans Sudirjo Frans Sudirjo Hakim, Nur Imron Natsir, Imron Irawan, Afif Deni Irfana, Tungga Buana Irwan Moridu Johni Eka Putra Judijanto, Loso K Djawa, Sutrisno Khatib, Rania Lamusu, Darni Lasamadi, Rahman Dani Loso Judijanto Mayndarto, Eko Cahyo Mislan Sihite, Mislan Mohammad Gifari Sono Mohammad Gifari Sono Muhammad Gifari Sono Muhammad Syafri Muhammad Syafri, Muhammad Mukhtar Lutfie Mukhtar Lutfie, Mukhtar Naim, Sidrotun Najdah Thalib Nggandung, Yeheskial Nurhayati Nurhayati Nurul Huda Palembang, Septianti Permatasari Putra, Johni Eka Radnan, Yokie Rahmadhani, May Vitha Rahman Dani Lasamadi Rahman Dani Lasamadi Rahman, Samsu Adi Ramadhani Chaniago Ramadhani Ramadhani Ramlan, Winarto Razak, Faisal Risal Tawil, Muhammad Rukmana, Arief Yanto Saparman Saparman Saparman, Saparman Septianti Permatasari Palembang Setiawan Wibowo, Teguh Sipayung, Baren Siswadi Sululing Siswadi Sululing Siswadi Sululing Sono, Mohammad Gifari Sri Wahyuningsih Sri Wahyuningsih Sululing, Siswadi Supriandi Supriandi Supriandi Supriandi, Supriandi Thalib, Najdah Timotius, Elkana Tuti Sulastri Vitalia, Filda Winarto Ramlan Wiranto Ramlan Yenny Febrianty Yokie Radnan YUDI NUR SUPRIADI Yusuf Ayuba Yuwono, Amrih