Fadhlur Rahman, Nadila Nadila, Rina Anggraini, Achmad Zulfikar Siregar

Competition Ethics in Business According to Islamic Views

Introduction

Competition ethics in business according to islamic views. Explore competition ethics in business from an Islamic perspective. Understand Islamic business ethics, trade, and economic policies based on Al-Qur'an and As-Sunnah.

Abstract

Islamic Business Ethics is an important thing in the course of a professional business activity, and shows that there is a stand-alone structure that is separate from other structures because business ethics in Islam explains more about policies and truths both at the level of intentions and ideas towards behavior, starting from law Islam to trade relations. Trade in Islam has now begun to show its fangs. This is due to the collapse of the capitalist economy due to the global crisis. And in everyday life a person will never be separated from economic activities, especially Islamic economics. In practice, Islam recommends that it be based on Islamic law, namely the Al-Qur'an and As-Sunnah.

Review

This paper addresses a highly relevant and intriguing topic: "Competition Ethics in Business According to Islamic Views." The premise of exploring a distinct ethical framework for business, particularly in the context of competition, is valuable given the increasing global interest in Islamic economics and finance. The abstract rightly asserts the importance of Islamic Business Ethics as a standalone structure, emphasizing its foundations in Islamic law and its comprehensive approach to intentions, ideas, and behavior in trade relations. The author's observation regarding the perceived shift towards Islamic economic models following global crises adds a timely dimension to the discussion, suggesting a potential for significant contribution to contemporary debates on economic systems. However, the abstract, as presented, suffers from a significant disconnect with the specificity implied by its title. While it broadly champions Islamic Business Ethics and Islamic economics, it fails to explicitly define or elaborate on "Competition Ethics" – the core focus promised by the title. The text veers into generalities about Islamic trade and the collapse of capitalism, without offering any indication of how the paper will specifically analyze, delineate, or apply Islamic principles to competitive business practices. Furthermore, strong claims, such as the "collapse of the capitalist economy," are made without any contextual support or suggestion of how this assertion will be substantiated or connected to the paper's analytical framework within the abstract itself. For this paper to fully realize its potential and clearly communicate its scope, substantial revisions to the abstract are essential. It must directly engage with and articulate what "Competition Ethics" entails from an Islamic perspective. The author should clearly define the boundaries of this ethical framework, identifying specific aspects of competition (e.g., pricing, marketing, innovation, market entry) that will be examined through an Islamic lens. Additionally, clarifying the methodology – whether it's a theoretical exposition, a critical review of existing literature, or a conceptual model – would greatly enhance the abstract's precision. Specifying the paper's unique contribution to the existing body of knowledge on Islamic business ethics would also be highly beneficial, ensuring readers understand the novel insights this research aims to provide beyond general affirmations of Islamic economic principles.

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