Year: 2025
Type: article
Abstract: This article explores the concept of business from the perspective of fiqh muamalah, a branch of Islamic jurisprudence that governs economic and commercial activities. The study aims to identify the essential principles of Islamic business ethics, analyze their relevance in contemporary business practices, and address the challenges faced by Muslim entrepreneurs today. Using a qualitative methodology through literature review, this study draws from classical Islamic sources such as the Qur’an and Hadith, along with contemporary scholarly interpretations, to develop a theoretical framework for Shariah-compliant business conduct. The findings indicate that honesty, justice, prohibition of riba (usury), avoidance of gharar (uncertainty), and social responsibility are foundational values in Islamic business. These principles not only offer ethical foundations but also contribute to sustainable economic systems. The discussion also addresses the symbolic vs. economic impact of Islamic business ethics in modern capitalist environments. This article contributes to enriching Islamic economic discourse by affirming the validity and applicability of fiqh muamalah in today’s business world.
Authors: Luthfi Rantaprasaja, Diah Fachrunisa
Institution: Institut Nida El Adabi
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4413332132