Strategic Analysis of Home Industry Development based on Islamic Business Ethics Perspective

Fian Mahdy Akbar, Abdul Latif, Azidni Rofiqo

2019

Abstract

Industry is one of human economic activities that has a strategic and future role as a source of income for the community to meet their daily needs. Islam supports business in the form the form of trading, as well as buying and selling, as long as there is no element of untrust in it. Islamic business ethics is a set of principles for business management based on the Qur'an, hadith, and jurisprudential laws. However, there are a lot of entrepreneurs who do not know about this. This study suggested to determine the home industry development strategy in “Kaos Hasby” Ponorogo. Also to find out the ethical application of Islamic business in the “Kaos Hasby” home industry. The descriptive qualitative research methods are used in this study method. Data collection techniques are carried out by triangulation. The type of interview used a structured interview by preparing the needed. The results showed that the home industry development strategy in “Kaos Hasby” are focused on business transaction, business cooperation, business capital, and business responsibility. As for the ethical application of Islamic business in the “Kaos Hasby” home industry, it still has not been fully implemented. Among other things: the salary of employee that is not accordance with the regional minimum wages and has gharar element in the production process, that is the use of pirated software.

Paper Citation

in Harvard Style

Akbar F., Latif A. and Rofiqo A. (2019). Strategic Analysis of Home Industry Development based on Islamic Business Ethics Perspective. In Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance - Volume 1: 7th AICIF, ISBN 978-989-758-473-2, pages 160-164. DOI: 10.5220/0010119500002898

in Bibtex Style

@conference{7th aicif19,
author={Fian Mahdy Akbar and Abdul Latif and Azidni Rofiqo},
title={Strategic Analysis of Home Industry Development based on Islamic Business Ethics Perspective},
booktitle={Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance - Volume 1: 7th AICIF,},
year={2019},
pages={160-164},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010119500002898},
isbn={978-989-758-473-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance - Volume 1: 7th AICIF,
TI - Strategic Analysis of Home Industry Development based on Islamic Business Ethics Perspective
SN - 978-989-758-473-2
AU - Akbar F.
AU - Latif A.
AU - Rofiqo A.
PY - 2019
SP - 160
EP - 164
DO - 10.5220/0010119500002898