Ascendia: Journal of Economic and Business Advancement
Vol. 1 No. 1 (2025): September: Ascendia: Journal of Economic and Business Advancement

Ekonomi Islam sebagai Paradigma Etis dalam Transformasi Bisnis Modern Berkelanjutan: Kajian Perbandingan dengan Ekonomi Konvensional

M. Ferdiyan (Universitas Islam Negeri Sumatera Utara)
Anisah Harahap (Universitas Islam Negeri Sumatera Utara)



Article Info

Publish Date
25 Sep 2025

Abstract

This study analyzes the comparison between Islamic economic principles and conventional economics in shaping a modern business paradigm that is ethical and sustainable. Through a qualitative approach based on literature review, this study identifies differences in value orientation, financial structure, and social implications of the two economic systems. The results show that Islamic economics, with its principles of maqashid sharia, distributive justice, and prohibition of usury, is capable of creating a more inclusive business model oriented towards social welfare. Data from the OJK, Bank Indonesia, and the Islamic Development Bank show an average growth of 9% per year in sharia assets and an increase in the MSME financing ratio to 71%. Meanwhile, the conventional economy is still dominated by short-term profit logic that often disregards ethical values and social balance. This study emphasizes that the integration of Islamic values into modern economic policy can be a strategic solution to realize a sustainable business system that is in line with the principles of justice and universal welfare.

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Journal Info

Abbrev

ascendia

Publisher

Subject

Economics, Econometrics & Finance

Description

Ascendia: Journal of Economic and Business Advancement is a peer-reviewed academic journal dedicated to the dissemination of high-quality research in economics, management, accounting, and business. The journal provides an open platform for researchers, scholars, practitioners, and academics to ...