WHAT IS THE BENEFIT OF ETHICS IN BUSINESS

Business ethics (business ethics) is a general application of ethics to business conduct. More specifically the meaning of business ethics denotes ethical or unethical behavior by managers and employees of a corporate organization. Business ethics reflects the moral reflection of individual and institutional (organizational) business actors to assess an issue, where this assessment Is the choice of a growing value in a society. Through this choice of values, the individual or organization will judge whether something done is true or false, fair or not and has usability or not.

Business ethics is not an ethics distinct from ethics in general and business ethics is not an ethic that only applies in the business world. For example, if dishonesty is viewed as unethical and immoral behavior, then anyone in a dishonest business (manager or employee) against workers, shareholders, customers or competitors, is considered unethical And immoral.

Furthermore, if the behavior of preventing others from suffering harm is viewed as ethical behavior, then the company that withdraws its products that have defective production and may endanger the safety of consumers, may be viewed as a company that carries out ethical and moral conduct.

Why does a business need business ethics? Is not a business activity only aimed to gain as much profit as possible in any way? Is not the ethical behavior imposed by the company even hindering the company from competing against its competitors? There are at least seven reasons that drive the company to conduct its business ethically:

  • Increased public expectation for the company to run its business ethically. Companies that are not successful in running their business ethically will experience the spotlight, criticism, and even punishment.
  • In order for the company not to take various actions that endanger other stakeholders.
  • Application of business ethics in the company can improve company performance.
  • The application of business ethics such as honesty, keeping promises, and refusing a bribe can improve the quality of business relationships between two parties who do business relationships. This is due to increased confidence among parties involved in business relationships with others. Conversely, if one party is not to be trusted, then this unreliable party will be ignored by its business partner even by the business community in general.
  • In order for the company to avoid abuse by employees and competitors who act unethical.
  • Proper application of company’s business ethics within a company may prevent the occurrence of labor rights violations by the employer.
  • Companies need to apply business ethics in the conduct of their business, to prevent companies (represented by their leaders) from obtaining legal sanctions for running an unethical business.

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WHAT IS SHARIA ECONOMY

 

Sharia economics has two main points which are the basis of Shari’a law system law and hadith  the laws taken from the two basic foundations in concept and principle is fixed (can not change anytime and anywhere).

Islamic economics is part of economics that is interdisciplinary in the sense of Islamic economic studies can not stand alone, but it needs a good and deep mastery of the sciences and sharia sciences also support the sciences that serve as a tool of analysis such as mathematics , Statistics, logic.

The purpose of Sharia Economics

The purpose of Sharia Economics is in harmony with the objectives of the Islamic Shari’a itself that is to achieve happiness in the world and the hereafter  through a good and honorable life order.. The whole objectives to be achieved by Sharia Economics include micro or macro aspects, including the world time horizon or the hereafter. Principles of Sharia Economics:

  • Various resources are seen as giving or deposit from Allah to man.
  • Islam recognizes private property within certain limits.
  • The main driving force of Sharia Economics is cooperation.
  • The Shari’a economy rejects the accumulation of wealth controlled by only a few people.
  • Sharia economy guarantees community ownership and its use is planned for the benefit of many people.
  • A Muslim should fear Allah and the Day of Judgment in the Hereafter.
  • Zakat must be paid on the wealth that has met the limit.

    The Benefits of Sharia Economics

  • Should the implementation of Islamic economy will bring great benefits to Muslims by themselves, namely:
  • Realizing the integrity of a  Muslim, so Islam is no longer half heart. If found there are Muslims who are still struggling and practice the conventional economy, indicating that Islam has not whole.
  • Implementing and implementing Islamic economics through Islamic financial institutions, in the form of banks, insurance, pawnshops, and BMT will benefit the world and the hereafter. Profits in the world are obtained through the profit-sharing obtained, while the gain in the hereafter is free from the element of usury that is forbidden by God.
  • Economic practice based on Islamic Shari’a contains the value of worship, for having practiced the Shari’a of Allah.
  • Mailing sharia economics through sharia financial institutions, means supporting the progress of the economic institutions of Muslims.
    Practicing the sharia economy by opening savings, deposits or becoming a customer of sharia insurance means supporting the economic empowerment effort of the People. Because the funds collected will be collected and channeled through the real trading sector.
  • Forecasting sharia economy is to support the movement of Encourage good things and prevent bad things. Because the funds collected in Islamic financial institutions should only be channeled to halal businesses and projects.