Understanding the Islamic Business Ethics in Islamic Microfinance Institutions
Abstract
This study examines how Islamic business ethics, including fairness, transparency, and honesty, are integrated into BMT’s operations. A qualitative approach was employed in this research, specifically the use of thematic analysis to systematically manage and analyze the data. Strategic decisions are made at the annual general meeting, while technical decisions are handled by the board, with oversight from the Sharia supervisory board. These decisions are accountable at the general meeting, ensuring financial transparency. The cooperative’s management applies a reward and punishment system based on Islamic principles, maintaining justice, employee welfare, and organizational integrity. However, overemphasizing material gains can lead to prohibited practices, such as investments in usurious projects. The practice of shura (consultation), ethical transactions, and transparent financial reporting reinforce BMT’s commitment to fairness and reputation. Spirituality is woven into business practices by grounding decisions in Islamic ethics, focusing on honesty (amanah), fairness (Insaf), sacrifice (Ithar) and kindness (Ihsan) in all dealings. Profits are allocated to social funds for community development, and income from ethical transactions is reinvested to foster solidarity. Formal training provided by BMT internally and the Ministry of Cooperatives and Small and Medium Enterprises ensures management’s understanding of Sharia principles, aligning economic success with social responsibility and ethical integrity, thereby promoting long-term sustainability.
Downloads
References
Abdul Ghani Azmi, I. (2015). Islamic human resource practices and organizational performance: Some findings in a developing country. Journal of Islamic Accounting and Business Research, 6(1), 2–18. https://doi.org/10.1108/JIABR-02-2012-0010
Abdulshakour, S. (2020). Impact of financial statements for financial decision-making. Open Science Journal, 5(2), 1–31. https://doi.org/10.23954/osj.v5i2.2260
Abubakar, J., & Aysan, A. F. (2022). Research Trends in the Field of Islamic Social Finance. Eurasian Studies in Business and Economics, 23(109637), 253–268. https://doi.org/10.1007/978-3-031-14395-3_14
Adawiyah, W. R., & Pramuka, B. A. (2017). Scaling the notion of Islamic spirituality in the workplace. Journal of Management Development, 36(7), 877–898. https://doi.org/10.1108/JMD-11-2014-0153
Adhitama, F., Soediro, A., Farhan, M., & Kusumawardani, M. (2022). Unrevaling Sharia Compliance. Akuntabilitas, 16(2), 257–278. https://doi.org/10.29259/ja.v16i2.17337
Ahmad, R. A., Mafaza, S. A., & Handayani, R. (2021). Integrated Cash Waqf and Islamic Microfinance to Poverty Alleviate. El-Barka: Journal of Islamic Economics and Business, 4(1), 61–80. https://doi.org/10.21154/elbarka.v4i1.3018
Ahmad, Z. A., & Rusdianto. (2020). Impact of Transparency and Accountability on Trust and Intention to Donate Cash Waqf in Islamic Microfinance Institutions. Shirkah: Journal of Economics and Business, 5(2), 197–227.
Ahmed, H., & Aassouli, D. (2022). Entrepreneurial finance, agency problems and Islamic ethics: complementarities and constraints. Venture Capital, 24(1), 25–46. https://doi.org/10.1080/13691066.2022.2067017
Aini, S. N., & Indrarini, R. (2021). Strategi Pemasaran Dalam Meningkatkan Jumlah Anggota Simpanan Wadiah Pada USPPS BMT Sunan Drajat Tunggul Paciran Lamongan. Jurnal Ekonomi, Manajemen, Bisnis Dan Sosial (EMBISS), 1(4), 363–377. https://embiss.com/index.php/embiss/article/view/48%0A363
Ajib, W. H. M. (2022). An Application of Fintech for A Modern Islamic Financial Industry: Challenges and Practical Solutions. Al-Muhasib: Journal of Islamic Accounting and Finance, 2(2), 167–192. https://doi.org/10.30762/almuhasib.v2i2.238
Ajuna, L. H. (2021). The Relevance of Islamic Religiosity, Islamic Work Ethics, and Job Satisfaction of Employees in Islamic Financial Institutions in Gorontalo. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 13(1), 137–150. https://doi.org/10.15408/aiq.v13i1.17052
Akhmadi, A., Hendryadi, Suryani, Sumail, L. O., & Pujiwati, A. (2023). Islamic work ethics and employees’ prosocial voice behavior: The multi-role of organizational identification. Cogent Social Sciences, 9(1). https://doi.org/10.1080/23311886.2023.2174064
Al Hadi, M. Q. (2022). Fiqh Mu’āmalah in Theory and Practice: an Overview of Islamic Economics. Al Hurriyah : Jurnal Hukum Islam, 6(2), 16. https://doi.org/10.30983/alhurriyah.v6i2.5010
Al Naquib, K. N., Taufik, E. R., Barkah, B., & Al Ayubi, S. (2022). Implementation of Islamic Business Ethics on The Scale of International Trade. Muamalatuna, 14(2), 164–183. https://doi.org/10.37035/mua.v14i2.7021
Alhammadi, S., Alotaibi, K. O., & Hakam, D. F. (2022a). Analysing Islamic banking ethical performance from Maqāṣid al-Sharī‘ah perspective: evidence from Indonesia. Journal of Sustainable Finance and Investment, 12(4), 1171–1193. https://doi.org/10.1080/20430795.2020.1848179
Alhammadi, S., Alotaibi, K. O., & Hakam, D. F. (2022b). Analysing Islamic banking ethical performance from Maqāṣid al-Sharī‘ah perspective: evidence from Indonesia. Journal of Sustainable Finance and Investment, 12(4), 1171–1193. https://doi.org/10.1080/20430795.2020.1848179
Anwar, S., & Suryani, M. (2022). The Preliminary Investigation of How Barakah Works. Proceedings of the International Conference on Sustainable Innovation Track Accounting and Management Sciences (ICOSIAMS 2021), 201(Icosiams 2021), 79–85. https://doi.org/10.2991/aebmr.k.211225.013
Ardiansyah, & Idrus, M. (2023). Implementasi Etika Bisnis Islam Dalam Meningkatkan Kinerja Karyawan Di Bank Syariah Indonesia Kcp Panakukkang Kota Makassar. Jurnal Ekonomi, Manajemen Dan Akuntansi, 2(2), 91–107. https://jurnal.anfa.co.id/index.php/mufakat/article/view/1496
Ariff Abd Ghadas, Z., Abd Aziz, H., & Ramli, N. (2017). Promoting Shariah Governance in Corporation: Special Reference to Shura. 84(Iconeg 2016), 205–208. https://doi.org/10.2991/iconeg-16.2017.48
Ascarya, A., & Masrifah, A. R. (2023). Strategies implementing cash waqf system for Baitul Maal wat Tamwil to improve its commercial and social activities. International Journal of Islamic and Middle Eastern Finance and Management, 16(1), 130–153. https://doi.org/10.1108/IMEFM-10-2020-0504
Ashraf, M. A. (2018). Use of bounded rationality theory to understand participation of women in Islamic microfinance. Enterprise Development and Microfinance, 29(3–4), 186–208. https://doi.org/10.3362/1755-1986.18-00005
Aspiranti, T., Nu’man, A. H., Nugraha, Y. D., Amaliah, I., & Mafruhat, A. Y. (2021). the Role of Government Policy in Boosting the Islamic Microfinance Institutions Performance in Indonesia. Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah, 5(1), 136–154. https://doi.org/10.29313/amwaluna.v5i1.6935
Azmil Futihatul Rizqiyah, & Yuliani, Y. (2022a). Implementasi Etika Bisnis Islam Dalam Meningkatkan Kinerja Karyawan Di Bmt Ugt Sidogiri Cabang Jombang. Jurnal Asy-Syarikah: Jurnal Lembaga Keuangan, Ekonomi Dan Bisnis Islam, 4(1), 38–53. https://doi.org/10.47435/asy-syarikah.v4i1.811
Azmil Futihatul Rizqiyah, & Yuliani, Y. (2022b). Implementasi Etika Bisnis Islam Dalam Meningkatkan Kinerja Karyawan Di Bmt Ugt Sidogiri Cabang Jombang. Jurnal Asy-Syarikah: Jurnal Lembaga Keuangan, Ekonomi Dan Bisnis Islam, 4(1), 38–53. https://doi.org/10.47435/asy-syarikah.v4i1.811
Barus, E. E., Syahrial, M., Muchtar, E. H., & Trianto, B. (2024). Islamic Financial Literacy, Islamic Financial Inclusion and Micro-Business Performance. Revista Mexicana de Economia y Finanzas Nueva Epoca, 19(1), 1–24. https://doi.org/10.21919/remef.v19i1.967
Bhatti, O. K., Aslam, U. S., Hassan, A., & Sulaiman, M. (2016). Employee motivation an Islamic perspective. Humanomics, 32(1), 33–47. https://doi.org/10.1108/H-10-2015-0066
Braun, V., & Clarke, V. (2019). Reflecting on reflexive thematic analysis. Qualitative Research in Sport, Exercise and Health, 11(4), 589–597. https://doi.org/10.1080/2159676X.2019.1628806
Busari, K. K., & State, O. (2024). ECONOMIC GROWTH AND PROSPERITY : 9(1), 17–38.
Clarke, V., & Braun, V. (2017). Thematic analysis. Journal of Positive Psychology, 12(3), 297–298. https://doi.org/10.1080/17439760.2016.1262613
Darmawan, R., & Fanani, S. (2019). ZAKAT PRODUKTIF DALAM KEBERHASILAN USAHA MUSTAHIQ DITINJAU DARI INDIKATOR PENINGKATAN MODAL, PENINGKATAN PENDAPATAN, PENINGKATAN JUMLAH KONSUMEN, PENINGKATAN PRODUKSI DAN PENINGKATAN AMAL JARIYAH MUSTAHIQ (STUDI KASUS LAZ INISIATIF ZAKAT INDONESIA CABANG . Jurnal Ekonomi Syariah Teori Dan Terapan, 6(11), 2291–2302.
Davani, M. R. (2020). Business Ethics. In A. Mirakhor, Z. Iqbal, & S. K. Sadr (Eds.), Handbook of Ethics of Islamic Economics and Finance (pp. 182–199). Walter de Gruyter GmbH.
Edy Syahputra, Muhammad Yusuf Harahap, & Noni Rozaini. (2023). Perkembangan Koperasi Syariah di Indonesia. Al-Mutsla, 5(2), 379–389. https://doi.org/10.46870/jstain.v5i2.742
Ekawati, D., & Kusumaningtias, R. (2024). The Role of Baitul Maal wat Tamwil ( BMT ) in Economic Empowerment Efforts in Indonesia. Proceeding of International Conference on Accounting And Finance, 2, 573–582.
Etifit, P. A., & Ekpe, J. P. (2022). Accounting Information and Managers’ Investment Decision Making in Microfinance Banks in Akwa Ibom State. International Journal of Education and Science Development (IJESD), 1(2), 66–79.
Fauzi, D. R., Shalihah, F. A., Hadi, P., & Jati, D. P. (2021). Basytama Concepts of Sharia Financial Literature Acceleration in Preparing Excellent Human Resources Based on Village Communities. Airlangga International Journal of Islamic Economics and Finance, 4(2), 143. https://doi.org/10.20473/aijief.v4i2.31701
Fesharaki, F., & Sehhat, S. (2018). Islamic human resource management (iHRM) enhancing organizational justice and employees’ commitment: Case of a Qard al-Hasan bank in Iran. Journal of Islamic Marketing, 9(1), 204–218. https://doi.org/10.1108/JIMA-03-2017-0029
Galak, J., Small, D., & Stephen, A. T. (2011). Microfinance Decision Making: A Field Study of Prosocial Lending. Journal of Marketing Research, 48(SPL), S130–S137. https://doi.org/10.1509/jmkr.48.SPL.S130
Ghoniyah, N., Amilahaq, F., & Hartono, S. (2024). Business sustainability performance through sustainability awareness and business work ethics in Islamic institutions. Cogent Business and Management, 11(1). https://doi.org/10.1080/23311975.2024.2303789
Gustani, & Ernawan, D. A. (2016). Cash Waqf as an Alternative Source of Islamic Microfinance Institution’s Capital in Indonesia. Jornal of Islamic Economics Lariba, 2(1), 15–24. https://journal.uii.ac.id/JIELariba/article/view/9677
Habib Rana, M., & Shaukat Malik, M. (2016). Human resource management from an Islamic perspective: a contemporary literature review. International Journal of Islamic and Middle Eastern Finance and Management, 9(1), 109–124. https://doi.org/10.1108/IMEFM-01-2015-0002
Hadizada, A., & Nippel, P. (2022). Islamic Profit and Loss Sharing Contracting versus Regular Equity in Entrepreneurial Finance: Risk Sharing and Managerial Incentives. The Journal of Entrepreneurial Finance, 24(2), 209–247. https://doi.org/10.57229/2373-1761.1449
Hafizah, Y., Nilasari, E., Syarqawie, F., Jahra, P. M., & Noorwahidah, N. (2024). Identity and rationality in Sharia economic practice: A study at Arrahmah Sharia Consumer Cooperative, South Kalimantan Province. Journal of Islamic Economics Lariba, 10(1), 131–148. https://doi.org/10.20885/jielariba.vol10.iss1.art8
Hamed, K. (2023). Majlis As-shura and the Plurality Principle : Non-Muslims ’ Representation in the Majlis As-shura. Media of Law and Sharia, 4(3), 229–238. https://doi.org/https://doi.org/10.18196/mls.v4i3.35
Hamidah, Afifudin, & Al Rasyid, H. (2022). Penerapan Etika Bisnis Islam Dalam Promosi Produk (Studi Kasus Proyek POWER CRISPY Studi Independen Bersertifikat E-Commerce Batch 2). Islamic Economic and Finance Journal, 3(2), 424–432.
Harahap, N. A., & Tarigan, A. A. (2023). Implementasi Etika Bisnis Islam Dalam Meningkatkan Kinerja Karyawan Etika Bisnis Islam terhadap peningkatan kinerja karyawan di Percetakan CV . Citra Medan . Bisnis Islam di Percetakan CV . Citra Medan dan memberikan rekomendasi yang strategis percetakan. Moneter : Jurnal Ekonomi Dan Keuangan, 1(4).
Harmoyo, D., & Kurniawan, M. A. (2022). Supervision of Sharia Cooperatives Based on Financial Statements. NUsantara Islamic Economic Journal, 1(1), 97–117. https://doi.org/10.34001/nuiej.v1i1.64
Hartanto, S., Suparyanto, T., & Azwar. (2023). Islamic Finance Practices in Micro, Small, and Medium Enterprises in Indonesia: A Systematic Literature Review. Millah: Journal of Religious Studies, 22(2), 435–464. https://doi.org/10.20885/millah.vol22.iss2.art6
Hassan, A. (2014). The challenge in poverty alleviation: Role of Islamic microfinance and social capital. Humanomics, 30(1), 76–90. https://doi.org/10.1108/H-10-2013-0068
Hassan, A. (2015). Financial inclusion of the poor: from microcredit to Islamic microfinancial services. Humanomics, 31(3), 354–371.
Hidajat, T. (2020). Financial Technology in Islamic View. Perisai : Islamic Banking and Finance Journal, 4(2), 102–112. https://doi.org/10.21070/perisai.v4i2.465
Hidayat, M. A., & Anwar, M. K. (2019). Bauran Pemasaran Pada Bmt Mandiri Sejahtera Cabang Kedungpring Dalam Prespektif Etika Bisnis Islam. Jurnal Ekonomi Islam, 2(2), 86–96.
Hizazi, A., Mansur, F., Jumaili, S., Safelia, N., Rozi, S., Jambi, U., Pinang, K., Mendalo, M., Jambi, U., Matematika, P. S., Sejahtera, B. I., Keuangan, A., & Layanan, K. (2023). Penerapan Aplikasi Koperasi Berbasis Digital Pada BMT Bina Insan Sejahtera dan Koperasi Cendikia Pinang Masak. 5(2), 28–32.
Inayah, L. L. (2021). Implementasi Etika Bisnis Islam Dan Dampaknya Terhadap Budaya Kerja Karyawan Di BMT UAS Senori Kabupaten Tuban. Journal of Islamic Banking, 2(1), 96–129.
Jaelani, M. A. K., & Jalil, M. R. (2024). Strategi Penguatan BMT Permata Hidayatullah Berdasarkan Prilaku Pedagang di Pasar Tradisional Paokmotong Lombok Timur. Al Birru, 3(1), 61–79.
Jannah, N. (2021). Implementasi Etika Bisnis Islam Pada Bmt Usaha Artha Sejahtera (UAS) Bangilan Kabupaten Tuban. Journal of Islamic Banking, 2(1), 78–95.
Jati, R. P. (2022). Koperasi Berbasis Syariah di Sumsel Masih Minim. Kompas.Id.
Karimi, A. K. (2020). Ethical Model of Business Ethics: Qur’an’s View. In A. Mirakhor, Z. Iqbal, & S. K. Sadr (Eds.), Handbook of Ethics of Islamic Economics and Finance (pp. 200–216). Walter de Gruyter GmbH. 978-3-11-059042-5
Katmas, E., Faizah, N., & Wulandari, A. (2022). Pengaruh Penerapan Etika Bisnis Islam Terhadap Kinerja Usaha Mikro Kecil Dan Menengah. Jurnal Asy-Syukriyyah, 23(1), 22–35. https://doi.org/10.36769/asy.v23i1.212
Khasanah, M., Aminullah, R., & Setianingsih, D. (2022). Determinants of Islamic Financial Literacy Index: Comparison Based on Ethnographic Studies in Yogyakarta, Indonesia. Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies, 18(1). https://doi.org/10.18196/afkaruna.v18i1.12584
Kholmi, M. (2022). Abstrak-Pentingkah Akuntabilitas dan Transparansi dalam Pelapo-ran Keuangan Masjid? ARE ACCOUNTABILITY AND TRANSPARENCY IMPORTANT IN MOSQUE FINANCIAL REPORTING? Jurnal Multiparadigma, 2022(2), 309–325.
Kurniasari, W., Sawarjuwono, T., & Ryandono, M. N. H. (2019). Islamic Spiritual Capital Implementation at BMT UGT Sidogiri. Economica: Jurnal Ekonomi Islam, 10(2), 339–366. https://doi.org/10.21580/economica.2019.10.2.3221
Lakhyar, Z., & Hlal, M. (2020). The concept of blessing (Barakah) in the function of consumption. International Journal of Advanced Engineering Research and Science, 7(1), 214–215. https://doi.org/10.22161/ijaers.71.30
Latifah, S. N. (2019). Pengaruh Penerapan Etika Bisnis Muhammad Saw Terhadap Customer Retention Dan Dampaknya Terhadap Peningkatan Pendapatan Internal Stakeholders (Studi Kasus Pada Unit Usaha Penjualan Dan Jasa Penggilingan Daging Pelita Jaya Jember). Iqtishoduna : Jurnal Ekonomi Islam, 8(1), 98–140.
Leena Haniffah, N., Sharaf Shaiban, M., & Ahmed, P. (2023). Development and validation of a performance measurement system based on Islamic principles. Heliyon, 9(5), e16095. https://doi.org/10.1016/j.heliyon.2023.e16095
Maharti, R. K., & Fahrullah, A. (2021). Penerapan Etika Bisnis Syariah Dan Dampaknya Terhadap Loyalitas Pelanggan Pada Yayasan Aqiqoh Nurul Hayat Surabaya. Jurnal Ekonomika Dan Bisnis Islam, 4(1), 207–218. https://doi.org/10.26740/jekobi.v4n1.p207-218
Manan, S. K. A., Kamarudin, M., & ... (2015). Altruism: It’s Importance in Sustaining Microfinance Development. Journal of Contemporary …, 77–96.
Maulidya, R. N., Kosim, A. M., & Devi, A. (2019). Pengaruh Etika Bisnis Islam Dan Kualitas Pelayanan Terhadap Kepuasan Dan Loyalitas Pelanggan Hotel Syariah Di Bogor. Jurnal Ekonomi Dan Perbankan Syariah, 11(2), 226. https://doi.org/10.24235/amwal.v11i2.5340
Md Nawi, F. A., Ab Aziz, M. R., & Shahwan, S. (2022). Conceptualizing the Influence of Religiosity and Islamic Financial Knowledge on Islamic Financial Behaviours. International Journal of Academic Research in Business and Social Sciences, 12(11), 2640–2659. https://doi.org/10.6007/ijarbss/v12-i11/15262
Miller, K. E., & Akdere, M. (2019). Advancing organizational corporate social responsibility (CSR) agenda: Implications for training and development. European Journal of Training and Development, 13(9), 860–872. https://doi.org/10.1108/EJTD-10-2018-0107
Moghimi, S. M. (2018). Motivation in Islamic Management. Organizational Behavior Management, 41–65. https://doi.org/10.1108/978-1-78769-677-820181004
Mohd Thas Thaker, M. A., Amin, M. F., Mohd Thas Thaker, H., Khaliq, A., & Allah Pitchay, A. (2020). Cash waqf model for micro enterprises’ human capital development. ISRA International Journal of Islamic Finance, 13(1), 66–83. https://doi.org/10.1108/IJIF-08-2018-0091
Muhammad, M., Sirat, A. H., & Hadady, E. H. (2023). The Effect of Islamic Financial Literacy on the Decision to Use Islamic Banking Services in the City of Ternate with Religion as a Moderating Variable. Jurnal Manajemen Bisnis, 10(1), 177–189. https://jurnal.fe.umi.ac.id/index.php/JMB/article/view/489%0Ahttps://jurnal.fe.umi.ac.id/index.php/JMB/article/download/489/333
Mujiatun, S., & Sirait, F. Y. (2023). The Urgency of Islamic Financial Literacy among the Community. Proceeding Medan International Confrence Economics and Business, “Entrepreneurship on Global Economics Development in the Era of Society 5.0,” 1(January), 1113–1129. https://proceeding.umsu.ac.id/index.php/Miceb/article/view/217/241
Mutmainah, I., & Apriliantika, A. (2023). The mediating effect of Islamic ethical identity disclosure on financial performance. Asian Journal of Islamic Management (AJIM), 5(1), 69–82. https://doi.org/10.20885/ajim.vol5.iss1.art5
Nadiyah, N. A., Riyanika, D., & Rohmaningtyas, N. (2023). Analisis Tingkat Kesehatan Koperasi Syariah. ADILLA : Jurnal Ilmiah Ekonomi Syari’ah, 6(2), 49–62. https://doi.org/10.52166/adilla.v6i2.4734
Naeem, A., & Rashid, M. (2022). the Effect of Islamic Work Ethics on Employee Performance and Counterproductive Work Behavior: Examining the Role of Job Satisfaction. International Journal of Business Reflections, 3(2), 227–263. https://doi.org/10.56249/ijbr.03.01.35
Naheri, Rabiatul Adawiyah, & Rahman Ambo Masse. (2024). Strategi Pengembangan Baitul Mal Wattamwil Sebagai Sumber Pembiayaan Alternatif Bagi Usaha Mikro, Kecil Danmenengah. Journal of Management and Innovation Entrepreneurship (JMIE), 1(2), 238–247. https://doi.org/10.59407/jmie.v1i2.376
Nasrulloh, M. A. (2019). Barokah Sebagai Karakteristik Perekonomian Islam. Jurnal Istiqro, 5(1), 1. https://doi.org/10.30739/istiqro.v5i1.337
Nisa’, M., Kurniati, R. R., & Hardati, R. N. (2023). Implementasi Etika Bisnis Implementasi Prespektif Islam Dalam Pelayanan Nasabah (Studi Kasus di BMT UGT Nusantara Capem Blimbing). JIAGABI (Jurnal Ilmu Administrasi Niaga/Bisnis), 14(2), 154–162.
Novita Ambarsari, & Luhur Prasetiyo. (2022). Perilaku Pedagang Di Pasar Wisata Plaosan Dalam Perspektif Etika Bisnis Islam. Niqosiya: Journal of Economics and Business Research, 2(1), 121–138. https://doi.org/10.21154/niqosiya.v2i1.732
Nursyamsiah, I., & Nopianti, N. (2021). Pengaruh Etika Bisnis Islam dan Kualitas Produk Terhadap Kepuasan Konsumen Pada Usaha Rofi Collection Ciamis. Jurnal Ekonomi Rabbani, 1(1), 52–62. https://doi.org/10.53566/jer.v1i1.20
Paramita, M., Munawar, W., & Brawijaya, A. (2019). Bogor City Government Policy Model on Sharia Financing for Micro Enterprises Through Islamic Microfinance Institution. Proceeding UII-ICABE, 305–312. https://journal.uii.ac.id/icabe/article/view/14728%0Ahttps://journal.uii.ac.id/icabe/article/download/14728/9941
Perera, K. (2020). The interview as an opportunity for participant reflexivity. Qualitative Research, 20(2), 143–159. https://doi.org/10.1177/1468794119830539
Pratiwi, R., & Yusuf, M. (2021). Pengaruh Penerapan Prinsip Etika Bisnis Islam Terhadap Customer Retention Pada Koperasi Syariah BMT Ittihad Pekanbaru. Jurnal Akuntansi Manajemen Bisnis Dan Teknologi, 1(2), 118–120.
Priyadi, R., Imal, R., & Rahman, A. (2024). Does Intention Matters for Bmt Member To Invest in Mudharabah Muqayyadah Deposit? Airlangga International Journal of Islamic Economics and Finance, 7(01), 29–55. https://doi.org/10.20473/aijief.v7i01.58237
Priyana, Y., Muhtadi, M. A., & Hidayani, L. (2024). The Effect of Service Quality and Islamic Financial Education on Customer Growth and Risk Profile in Islamic Microfinance Institutions in Central Java. West Science Interdisciplinary Studies, 2(06), 1269–1278. https://doi.org/10.58812/wsis.v2i06.1024
Purwanto, B., & Amanah, N. K. (2019). Bounded Rationality Under Sharia Norms: Evidence from Indonesia. International Conference of Organizational Innovation (ICOI 2019), 100, 424–429. https://doi.org/10.2991/icoi-19.2019.73
Puspitasari, I. (2019). Analisis Praktik Etika Bisnis Syariah (Studi Kasus Pasar Leuwiliang). Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah, 3(1), 41–51. https://doi.org/10.29313/amwaluna.v3i1.4125
Rahayu, D., Setiawan, E., Larasati, M., & Habibi, P. (2020). Accountability And Transparency Of Sharia Micro Financial Institutions On Customer Trust With Financial Performance As An Intervening Variable. Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE. https://doi.org/10.4108/eai.5-8-2020.2301230
Rahmatia, A., Wijaya, A. P., Saputra, A. D., & Ma’ruf, M. I. (2022). Islamic Financial Literacy: Evidence From Indonesian Urban Middle-Class Women. Journal of Islamic Economic Laws, 5(2), 199–215. https://doi.org/10.23917/jisel.v5i2.18467
Ramyani, I. (2022). Konsep Ikhlas dalam Implementasi Daqu Method di Pesantren Tahfizh Darul Qur’an Bandung. Jurnal Riset Agama, 2(2), 133–146. https://doi.org/10.15575/jra.v2i2.17909
Riananda, R. M., & Fahrullah, A. (2021). Penerapan Etika Bisnis Islam Untuk Meningkatkan Kualitas Kinerja Karyawan Perusahaan pada CV abdi Makmur Surabaya. Jurnal Ekonomika Dan Bisnis Islam, 4(2), 109–122. https://doi.org/10.26740/jekobi.v4n2.p109-122
Riaz, U., Burton, B., & Fearfull, A. (2023). Emotional propensities and the contemporary Islamic banking industry. Critical Perspectives on Accounting, 94(January 2020), 102449. https://doi.org/10.1016/j.cpa.2022.102449
Richard Baker. (2014). Qualitative Research in Accounting & Management Article information : Qualitative Research in Accounting & Management, Vol. 11(Iss 4), 278–285.
Ritonga, M., & Yulhendri, Y. (2019). Pengaruh Orientasi Kewirausahaan Dan Keunggulan Bersaing Terhadap Kinerja Usaha Mikro Kecil Di Kota Padang. Jurnal Ecogen, 2(2), 206. https://doi.org/10.24036/jmpe.v2i2.7313
Rohmania, A. S., Sholihah, E., & Nurhapsari, R. (2023). Developing Islamic financial literacy in improving Islamic financial behavior towards the financial well-being of MSMEs: The moderating effect of e-payment usage. Journal of Islamic Economics Lariba, 9(2), 293–310. https://doi.org/10.20885/jielariba.vol9.iss2.art2
Sampurno, W. M. (2016). Implementation of Islamic Business Ethics and Its Impacts on Family Business. Journal of Islamic Economics Lariba, 2(1), 25–30. https://journal.uii.ac.id/JIELariba/article/view/9671/7857
Sani, A., & Ekowati, V. M. (2022). Spirituality to organizational citizenship behavior from Islamic perspective: mediating role of spirituality at work and organizational commitment. Journal of Islamic Marketing, 13(12), 2672–2694. https://doi.org/10.1108/JIMA-07-2020-0211
Santoso, A. L., Kamarudin, F., Amin Noordin, B. A., & Wei Theng, L. (2023a). Islamic ethics commitment and bank outcomes: Evidence in South East Asia. Cogent Economics and Finance, 11(1). https://doi.org/10.1080/23322039.2023.2175458
Santoso, A. L., Kamarudin, F., Amin Noordin, B. A., & Wei Theng, L. (2023b). Islamic ethics commitment and bank outcomes: Evidence in South East Asia. Cogent Economics and Finance, 11(1), 1–18. https://doi.org/10.1080/23322039.2023.2175458
Silviyah, N. M., & Lestari, N. D. (2022). Pengaruh Etika Bisnis Islam Dalam Meningkatkan UMKM. Al Iqtishod: Jurnal Pemikiran Dan Penelitian Ekonomi Islam, 10(1), 96–112. https://doi.org/10.37812/aliqtishod.v10i1.295
Siregar, D. A. (2023). Rezeki dalam Perspektif Ekonomi Islam. Journal of Global Islamic Economic Studies, 1(1), 8–18.
Soediro, A., Kusumawardani, M., & Farhan, M. (2022). Genealogical study on the legitimacy strategies in the islamic banking. Muqtasid Jurnal Ekonomi Dan Perbankan Syariah, 13(1), 1–17. https://doi.org/10.18326/muqtasid.v13i1.1-17
Soediro, A., & Meutia, I. (2018). Maqasid Sharia as a Performance Framework for Islamic Financial Institutions. JAMAL: Jurnal Akuntansi Multiparadigma, 9(1), 70–86. https://doi.org/http://dx.doi.org/10.18202/jamal.2018.04.9005
Solihin. (2014). Strategi Pemasaran Tepat Sasaran: Suatu Upaya Peningkatan Jumlah Anggota BMT (Studi Kasus Di Kabupaten Nganjuk). Lentera: Kajian Keagamaan, Keilmuan Dan Teknologi, 191–200.
Sucilawati. (2020). The Concept of Shura in Islamic Governance Practice of Shura during the Caliph Umar Bin Khattab. Ijobsor, 8(1), 18–32. www.ijobsor.pelnus.ac.id
Suharto, U. (2018). Riba and interest in Islamic finance: semantic and terminological ıssue. International Journal of Islamic and Middle Eastern Finance and Management, 11(1), 131–138. https://doi.org/10.1108/IMEFM-08-2016-0109
Suminto, A. (2020). Etika Kegiatan Produksi: Perspektif Etika Bisnis Islam. Islamic Economics Journal, 6(1), 123–138. https://doi.org/10.21111/iej.v6i1.4387
Susila, A. A. (2016). Tanggung Jawab Sosial Perusahaan Dalam Islam. Iatishadiyah, 2(2), 1–10.
Susilowati, L. (2020). Peran Sosial Finance Baitul Maal Wat Tamwil (BMT) dalam Menumbuhkan Keuangan Inklusif Studi pada BMT di Tulungagung dan Blitar. IQTISHADIA Jurnal Ekonomi & Perbankan Syariah, 7(1), 17–41. https://doi.org/10.19105/iqtishadia.v7i1.2944
Suwarsi, A. A., Sharfina, A. G., & Anggraeni, A. (2022). Portrait of MSMEs‘ Islamic Financial Literacy and The Impact on Business Development. Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies, 18(1). https://doi.org/10.18196/afkaruna.v18i1.12991
Suzuki, Y., & Miah, M. D. (2016). Altruism, reciprocity and Islamic equity finance. International Journal of Islamic and Middle Eastern Finance and Management, 9(2), 205–221. https://doi.org/10.1108/mf.2008.00934jaa.001
Syaichoni, A. (2023). Motif Tanggung Jawab Sosial Lembaga Keuangan Mikro Syariah dalam Perspektif Ekonomi Syariah. AL-MANHAJ: Jurnal Hukum Dan Pranata Sosial Islam, 5(2), 2283–2296. https://doi.org/10.37680/almanhaj.v5i2.2776
Syarifudin, M., & Kholis, N. (2021). Towards Rahmatan lil ‘Alamin Economy (Analysis of Ukhuwah Islamiyah and Ashabiah for Economic Development in Medina). IQTISHODUNA: Jurnal Ekonomi Islam, 10(1), 59. https://doi.org/10.36835/iqtishoduna.v10i1.955
Tamanni, L., & Haji Besar, M. H. A. (2019). Profitability vs Poverty alleviation: has banking logic influences Islamic microfinance institutions? Asian Journal of Accounting Research, 4(2), 260–279. https://doi.org/10.1108/AJAR-05-2019-0039
Terry, B. G., Hayfield, N., Clarke, V., Braun, V., Terry, G., Hayfield, N., Clarke, V., & Braun, V. (2021). The SAGE Handbook of Qualitative Research in Psychology Thematic Analysis.
Triana, H. (2018). Persepsi Pengurus Koperasi Terhadap Ketepatan Waktu Rapat Anggota Tahunan Pada Koperasi Di Kota Tangerang. Dynamic Management Journal, 2(2). https://doi.org/10.31000/dmj.v2i2.1065
Trihantana, R., Rizal, M., & Kodir, A. (2022). Asas Demokrasi Ekonomi Dalam Perbankan Syariah Di Indonesia. Sahid Banking Journal, 1(02). https://doi.org/10.56406/sahidbankingjournal.v1i02.45
Trimulato, T. (2022a). Perkembangan Industri Keuangan Non-Bank Syariah dan Inovasi Service Excellent di Tengah Pandemi Covid-19. JIOSE: Journal of Indonesian Sharia Economics, 1(1), 21–40. https://doi.org/10.35878/jiose.v1i1.365
Trimulato, T. (2022b). The role sharia non-bank financial institutions to support sdgs program. Al-Arbah Journal of Islamic Finance and Banking, 4(1), 79–106. https://doi.org/10.21580/al-arbah.2022.4.1.14668
Udin, U., Dananjoyo, R., Shaikh, M., & Vio Linarta, D. (2022). Islamic Work Ethics, Affective Commitment, and Employee’s Performance in Family Business: Testing Their Relationships. SAGE Open, 12(1). https://doi.org/10.1177/21582440221085263
Umah, K. A., Istiqomah, H., Elok, P., & Aula, C. (2021). Analisis Strategi Penerapan Pemahaman Etika Bisnis Islam Terhadap Tingkat Kinerja Karyawan Pada BMT Bina Insan Mandiri (BIM) Tuban. JIB-Jurnal Perbankan Syariah, 1(1), 17–21.
Usnan, U. (2019). PENERAPAN PRINSIP AKUNTABILITAS DAN TRANSPARANSI PADA PENGELOLAAN BMT DI KOTA SURAKARTA (Studi pada BMT Al-Madinah). Jurnal Riset Keuangan Dan Akuntansi, 5(1), 83–95. https://doi.org/10.25134/jrka.v5i1.1884
Utomo, H. S. (2020). The Effect of Muslim Religiosity and Innovation Capability on Firm Survival: A Study on Small Enterprises During the Covid-19 Pandemic. Iqtishadia, 13(2), 179. https://doi.org/10.21043/iqtishadia.v13i2.7626
Widana, G. O., Wiryono, S. K., Purwanegara, M. S., & Toha, M. (2015a). Exploring the impact of islamic business ethics and relationship marketing orientation on business performance: The islamic banking experience. Asian Academy of Management Journal, 20(1), 1–25.
Widana, G. O., Wiryono, S. K., Purwanegara, M. S., & Toha, M. (2015b). The Role of Business Ethics in the Relationship between Market Orientation and Business performance. International Journal of Finance & Banking Studies (2147-4486), 4(1), 70–94. https://doi.org/10.20525/ijfbs.v4i1.205
Wijiharta, W., Khairawati, S., Wening, N., & Yogyakarta, H. (2022). Uncovering Islamic Job Happiness from Various Dimensions : A Study at Islamic Micro Finance Institution. Asian Journal of Management Entrepreneurship and Social Science, 02(04), 501–509.
Wulandari, P., & Kassim, S. (2016). Issues and challenges in financing the poor: case of Baitul Maal Wa Tamwil in Indonesia. International Journal of Bank Marketing, 34(2), 216–234. https://doi.org/10.1108/IJBM-01-2015-0007
Wulandari, P., Kassim, S., Adikasari, L., Niken, S., & Putri, I. S. (2016). Unique Aspects of Islamic Microfinance Financing Process: Experience of Baitul Maal Wa Tamwil in Indonesia. Humanomics, 32(3). https://doi.org/10.2307/j.ctv346n8n.12
Wulandari, R., & Dzakiroh, H. (2019). Do Islamic Microfinance Practise Descrease the Level of Three Aspects of Poverty. Iqtishadia, 12(1), 87. https://doi.org/10.21043/iqtishadia.v12i1.2883
Yaqin, A. (2021). Fungsi Sosial Baitul Maal Wa Tamwil (BMT) Pasca UU No 1 Tahun 2013 Tentang Lembaga Keuangan Mikro. Mabsya: Jurnal Manajemen Bisnis Syariah, 3(2), 146–163. https://doi.org/10.24090/mabsya.v3i2.5597
Yeni, F., & Lestari, E. (2020). Analisis Penerapan Etika Bisnis Islam Dan Syariah Marketing Bmt Mekar Da’Wah Serpong Menurut Fatwa Dsn-Mui No. 04/Dsn-Mui/Iv/2000. Jurnal Ekonomi Islam, 11(04), 231–244. https://journal.uhamka.ac.id/index.php/jei/article/view/5963
Yeni, F., Mulyani, S. R., & Susriyanti, S. (2023). Islamic financial literacy, spiritual intelligence, public perception and behaviour on public interest in Islamic banking services. Cogent Economics and Finance, 11(1). https://doi.org/10.1080/23322039.2023.2175470
Zahra, M. H., & Wijayanti, P. (2019). Antecedent financial performance of Baitul Mal wat Tamwil (BMT): Study in BMT Binama Semarang. Journal of Islamic Accounting and Finance Research, 1(1), 47. https://doi.org/10.21580/jiafr.2019.1.1.3729
Zihab, Z., Syarif, M., Hirjan, M., & Dewi, H. M. (2022). Peran Koperasi Simpan Pinjam Dan Pembiayaan Syariah (Kspps) Al-Hasan Mitra Ummat Lenek Dalam Pemberdayaan Ekonomi Masyarakat. Widya Balina, 7(1), 433–439. https://doi.org/10.53958/wb.v7i1.260
Copyright (c) 2024 Achmad Soediro, Media Kusumawardani, Muhammad Farhan, Eogenie Lakilaki
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
