Journal of Finance, Economics, and Business
Vol. 4 No. 1 (2025): Journal of Finance, Economics, and Business (JFEB), 2025

BUSINESS ETHICHS OF MUSLIM TRADERS FROM AN ISLAMIC PERSPECTIVE AND ITS IMPACT ON THE WELFARE OF MUSLIM TRADERS IN THE TRADITIONAL MARKET OF MOTONG, UTAN SUB-DISTRICT, SUMBAWA DISTRICT

SAFITRI, RIZA ANGGRAINI (Unknown)
Huzaini, Moh. (Unknown)
Jufri, Akhad (Unknown)



Article Info

Publish Date
31 May 2025

Abstract

This study aims to determine the types of goods traded by traders and analyze the business ethics of traders and analyze the level of welfare of Muslim traders in Motong Market, Utan District, Sumbawa Regency. This research uses a descriptive qualitative approach. The type of research used is field research. Data collection techniques used are interviews, observation, and documentation. Determination of informants using purposive and snow ball. The conclusions of this study are: There are five groups of goods traded, namely agricultural products, home industry, fishery products, basic necessities and various types of snacks; Most traders have applied Islamic business ethics, such as being tauhid, honest, and transparent, not using false oaths, being lenient and generous, building good relationships and setting prices transparently. Two did not apply Islamic business ethics, such as being dishonest in selling, selling goods that are not of good quality; Most traders have obtained good welfare (hayaatan tayyibah) and have been qana'ah. Despite living in simplicity, they are already included in a prosperous family, because they have been able to fulfill their dharuriyat and hajiyat needs. Only one person has not because he has not been able to fulfill the needs of Hifdzu Diin, namely neglecting to perform the five daily prayers. Keywords: Islamic Business Ethics, Traders, Islamic Welfare This study aims to determine the types of goods traded by traders and analyze the business ethics of traders and analyze the level of welfare of Muslim traders in Motong Market, Utan District, Sumbawa Regency. This research uses a descriptive qualitative approach. The type of research used is field research. Data collection techniques used are interviews, observation, and documentation. Determination of informants using purposive and snow ball. The conclusions of this study are: There are five groups of goods traded, namely agricultural products, home industry, fishery products, basic necessities and various types of snacks; Most traders have applied Islamic business ethics, such as being tauhid, honest, and transparent, not using false oaths, being lenient and generous, building good relationships and setting prices transparently. Two did not apply Islamic business ethics, such as being dishonest in selling, selling goods that are not of good quality; Most traders have obtained good welfare (hayaatan tayyibah) and have been qana'ah. Despite living in simplicity, they are already included in a prosperous family, because they have been able to fulfill their dharuriyat and hajiyat needs. Only one person has not because he has not been able to fulfill the needs of Hifdzu Diin, namely neglecting to perform the five daily prayers.Keywords: Islamic Business Ethics, Traders, Islamic Welfare

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Journal Info

Abbrev

feb

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Journal of Finance, Economics, and Business (JFEB) is a journal that publishes scientific articles in the fields of economics, finance, and business with focus areas on the Asia-Pacific region. The Journal of Finance, Economics, and Business (JFEB) is published online twice a year in May and ...