THE IMPLEMENTATION OF HADITHS ABOUT HONESTY AND TRUST IN ISLAMIC BUSINESS ETHICS
Abstract
Honesty and trust are two main capitals in a business. Business orientation,  in general,  is to gain maximum profit. While Islamic business orientation is to achieve benefit of both the world and the hereafter (falah-oriented), i.e. in the form of long-term victory in the world and the hereafter. Thus, Islamic bussiness not only emphasizes material aspect but also spiritual aspect of the shade and blessings of Allah SWT. Honesty and trust serve as very important  parts of Islamic business ethics. The main references of Islamic Business Ethics are the Koran and Hadith of the Prophet Muhammad. At each stage of the business process, various traditions of the Prophet emphasizing honesty and trust are found. This stage starts from the production, marketing, ijab kabul, and distribution. This paper explains the implications of hadiths about honesty and trust in Islamic business ethics.
References
Assih, et.al, 2005, Pengaruh Manajemen Laba Pada Nilai dan Kinerja Perusahaan”, Jurnal Akuntansi dan Keuangan Indonesia, Vol. 2 No. 2 pp.125-144
Ambadar, J. 2008. CSR dalam Praktik di Indonesia. PT Elex Media Komputindo : Jakarta
Brammer, S. and Pavelin, S. (2006) “Corporate Reputation and Social Performance: The Importance of Fit” Journal of Management Studies, 43(3), 435-455.
Castelo. and Rodrigues, Lu’cia Lima. 2008. Factors Influencing Social Responsibility Disclosure by Portuguese Companies, Journal of Business Ethics, 83, 685-701.
Chih, et al (2008), The Relationship Between Corporate Social Responsibility and Earnings Management: An Exploratory Study, Volume 104, Issue 4, pp 461-471
Carrol, J. W, 1979. Religion In American 1950 To The Present, New York: Herper & Room
Charles W.Mulford, Eugene E.Comiskey. 2002. The Financial Numbers Game. Cambridge : Jhon Wiley & Sons Inc.
Dechow, Patricia M. 1994, “Accounting Earnings and Cash Flows As Measures of Firm performance: The Role of Accounting Accruals”. Journal of Accounting and Economics. No. 18 P. Pp 3-42
Erica. Et.al. 2011. Corporate Social Responsibility Reporting and Earnings Management: The Role of Political Costs. Australian Accounting Business and Journal. Vol 5.
Fombrun, C. J., Gardberg, N. A., Sever, J. M. (2000). The Reputation QuotientSM : A multi-stakeholder measure of corporate reputation. The Journal of Brand management, 7(4): 241-255.
Gumanti, T.A. 2000. Earning Management Dalam Penawaran Pasar Perdana Di Bursa Efek Jakarta. Simposium Nasional Akuntansi III., Jakarta.
Ghozali dan Chariri, 2007. Teori Akuntansi. Semarang: Badan Penerbit Undip.
Healy, P.M., and Wahlen, J M. 1999. A Review of The Earnings Management Literature and Its Implications for Standard Setting. Accounting Horizons, Vol. 13 No. 4, pp. 365-383
Hadi, Nur. (2011). Corporate Social Responsibility edisi Pertama. Yogyakarta : Graha Ilmu.
Hackston, David and Markus J. Milne, 1996. “Some Determinants of Social and Environmental Disclosure in New Zealand Companies”, Accounting, Auditing and Accountability Journal.
Jensen, M. C., & Meckling, W. H. 1976. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics Vol. 3, No. 4 , p.305-360.
McWilliams, A., Siegel, D.S. and Wright, P.M. (2006) Corporate Social Responsibility: Strategic Implications, Journal of Management Studies, 43, 1-18.
Prior, D.J.S, 2008, Are socially responsible managers really ethical? Exploring the relationship betwen earnings management and corporate social responsibility, Corporate governance: An International Review 16(3):443-459
Schipper, K. 1989, Commentary on Earnings Management”
Scott,2003, Financial Accounting Theory (Third ed.), Pearson Education Canada Inc.
Scott, William R. 1997. Financial Accounting Theory, 2nd Edition, Canada Inc.,Prentices Hall
Urip, S. 2010. CSR Strategies: For a Competitive Edge in Emerging Markets. Singapore: John Wiley & Sons (Asia).
Watts, R, L., and Zimmerman, J, L. 1986, Positive Accounting Theory. New York, Prentice Hall.
Downloads
Published
Issue
Section
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 acknowledgement 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 acknowledgement 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.
