Designing simple productive waqf models for Indonesia

Purpose Productive waqf is one type of ethical business/investment, which should comply to Islamic law, with so many models to choose from. The purpose of this study is to determine factors of simple productive waqf, propose several simple productive waqf models and select the best simple productive waqf models appropriate to be adopted by waqf institution in Indonesia. Design/methodology/approach This study applies the analytic network process, including field survey, focused group discussion and in-depth interview, with two groups of respondents, namely, expert and waqf practitioner. Findings The results show that the determinants of simple productive waqf in Indonesia are the waqf institution, productive waqf asset to be developed, how to finance the productive waqf, how to manage the productive waqf and the compliance of productive waqf. Proposed productive waqf models include cash-waqf and self-managed model, Islamic bank financing and self-managed model, Sukuk and external partnership model, cash-waqf and external partnership and cash-waqf + co-financing and external partnership. Moreover, the best simple productive waqf model is cash-waqf and self-managed model, followed by cash-waqf and external partnership, where they could achieve the most in all socio-economic variables, well-being compliance and moral/ethics within the theory of unity of knowledge, Tawhid. Research limitations/implications The simple productive waqf models proposed are not exhaustive, since there are so many variations of the model. Moreover, the case and respondents are all Indonesian, so that the results are possibly only applicable to Indonesia. Practical implications To increase the probability of successful productive waqf development, waqf institutions could apply cash-waqf and self-managed model first, while other models could be applied in staged in line with waqf institution experience. Social implications The successful development of productive waqf could increase the social programs provided by waqf institutions to the society. Originality/value Productive waqf development is desperately needed due to many unproductive waqf lands in Indonesia, while studies have been limited, and there is no study discussing the productive waqf model appropriate for Indonesia.

The Impact of Communicating Sustainability and Ethical Behaviour of the Cosmetic Producers: Evidence from Thailand

Purpose—This study aims to demonstrate the antecedent factors of consumers’ cosmetics purchasing behaviour in the emerging market of Thailand from the perspective of sustainability. Specifically, the study aims to quantitatively analyse the impact of three hypothesised antecedents of consumer behaviour: product quality, communicating sustainability, and ethical business behaviour. Methodology—A quantitative methodology is applied in the study, which collects survey data from Thailand. This study focuses on two cosmetic brands in Thailand, a domestic brand and an international brand. The total 800-sample dataset was analysed using Structural Equation Modelling to validate a conceptual model with measurements of three antecedent factors: quality, ethical behaviour, and communication sustainability. Findings—It is found that ‘ethical behaviour of the producers had a non-significant impact for all samples and the ‘domestic brand’, whereas communicating sustainability had a significant impact in all sample cases. The proposed measurement scales present a practical and pioneering tool for assessing consumer responses and behaviour towards cosmetic brands. The set of scales will also help cosmetics marketers to appraise their strategic planning and monitor their progress toward creating and identifying consumer loyalty to cosmetics brands via producers’ ethical behaviour and CSR messaging. Originality—The global market and inter-stakeholder communications have greatly changed the way people perceive, behave towards, and react to business suppliers. The understanding of consumer brand loyalty in the cosmetics industry and the business strategies focused on the impact of communicating sustainability with ethical behaviour remain limited, especially in the context of the emerging market. This research contributes to filling this gap with empirical analyses.

Business Ethics in a Digital World

This chapter will highlight the importance of transforming our conceptualization of business ethics in the digital era and the opportunities related to an optimal design of sustainable digital business ethics programs in this new hyper-connected, hyper-automated digital world. The complex issues of this revised business ethics model will be addressed from three perspectives: corporate governance, leadership, and society. The sections related to corporate governance will highlight the operational challenges when aiming to incorporate ethics into the boardroom's DNA and will emphasize the sustainability imperative ethical business leaders are facing in this digital era. This chapter will also posit that by adopting a design thinking approach for business ethics in this digital era, we can leverage all the benefits offered by emerging technologies and scientific advances while maintaining a human-centric stance.

Ethical environment, accountability, and sustainability reporting: What is the connection in the hospitality and tourism industry?

Drawing on institutional theory, this study tests how the ethical behaviors of firms, in interaction with public officials and through the strength of accountability regulations, influence sustainability reporting practices in the hospitality and tourism (H&T) sector. The results indicate that firms operating in a highly ethical business environment are less likely than those in a less ethical environment to disclose a sustainability report. However, accountability yields the opposite result; firms established in environments characterized by high accountability are more likely than low accountability environments to issue a sustainability report, which implies a complementary effect between the strength of the accountability and the firms’ sustainability disclosures. This verifies that the weakness or strength of informal and formal institutional forces exert considerable influence on firms’ desire to carry out sustainability reporting. However, this influence is not true of the acquisition of external assurance statements and following Global Reporting Initiative guidelines, with which accountability has a negative and insignificant association, respectively.

Penerapan Etika Bisnis Islam Dalam Transaksi Jual Beli pada Wirausaha Muslim

Rismayanti Lubis 171104080851 “Penerapan Etika Bisnis Islam Dalam Transaksi Jual Beli Pada Wirausaha Muslim (Studi Pada Wirausaha Muslim di Desa Laladon)” in business competition is the ethics have to business people because the way regulates all human activites including business by giving limitation whatever may done and who cannot be done. this research explains how the implementation of ethical business people in transaction in muslim entrepreneurs in the village Laladon behavior and now how muslim entrepreneurs in the village Laladon according to Islamic. Bisiness this research in a qualitative. Descriptive approachdata collection techniques used in this research in the from of interview, observation and documentation the result of the transaction on muslim entrepreneneurs in the village Laladon cash, however some entrepreneurs have digital transaction, provides payments and have made a run of the seller and buyer. The implementation of ethical business on muslim entrepreneurs in the village Laladon by applying the principle of unity the principle of justice, the principle of trustful, and responsibilities, principle of rectitude, products sold lawful, and did not do bisnis mal has ini practice in an entrepreneurship activity. Muslim entrepreneurial behavior in the village Laladon gave the best services with an attitude suave and customer with a vengeance. The application of islam in business ethics transaction on muslim entrepreneurs in the village Laladon has is served in accordance with islam Syariah.

Penerapan Etika Bisnis Islam pada Pedagang Sembako di Desa Jumbleng Indramayu

Sembako (nine staple foods) is basic needs that must be fulfilled in order to maintain the food security and nutritional needs of the community. Therefore, sembako traders have an important role in how sembako items are properly distributed to the community. In achieving this goal, it is suggested that the traders operate based on an ethical business framework. Islam through the Qur'an and hadith has provided this framework in the form of Islamic business ethics principles. By using a qualitative descriptive analytical approach, this study aims to understand how the application of Islamic business ethics in the business activities of basic food traders in Jumbleng Village. The data in this study were collected through a process of observation and interviews. While the data analysis technique uses the analytical technique developed by Miles and Huberman, with the stages of data reduction, data presentation, and drawing conclusions. Based on the results of research obtained from traders and buyers in Jumbleng Village, it shows that the principles of Islamic business ethics have not been fully implemented by traders due to their limited knowledge regarding Islamic business ethics.