Abstract:The word Maisir in Arabic literally means to obtain something very easily without hard work or to gain profit without working. It is anything that involves gambling, betting or risky games. Another term used in the Quran…
is the word `azlam' which means the practice of gambling. Economic activity plays a vital role in creating a prosperous, just and prosperous society. Islam teaches in the economic system of its ummah, based on the values of justice that must be upheld, and become the main principle for conducting economic activities. Every economic activity must contain elements of benefit and not mistreatment of himself and others, so that economic activity can create community welfare equally. Conducting economic activities is not allowed to be done if it contains elements of gharar, maysir and usury or taking the rights of others by false means. In the Qur'an letter al-Baqarah: 219 and surat al- Ma'idah: 90 and 91, it is known that gambling is an abominable act that is forbidden by Islam. The scholars also said that gambling (maisir) is a game where the winner gets a certain amount of money or goods without reasonable effort and can make people fall into the valley of poverty because it contains three elements, namely games/competitions, there is a bet, luck. Today's modern conventional (non-sharia) businesses generally contain three elements that are prohibited in Islamic economic ideology, namely gharar, maisir and riba. This happens not separated from the reality of conventional business development trends and not widespread awareness and coverage of economic services based on Islamic economics. Bank Muamalat Indonesia (BMI) is the first purely Islamic bank in Indonesia which in principle all of its main products both in the service of Financing Strategy products (deposits funds) and financing products (financing) based on the Islamic system (profit sharing). BMI seeks to implement aspects of Islamic economic ideology that consistently avoids gharar, maisir and usury.
Abstract:In the contemporary global market, businesses encounter intense competition, particularly within the culinary sector, driven by rapid technological advancements and economic growth. To secure long-term competitive advantages,…
ages, companies must strategically position their products or services in consumers' minds through effective advertising and innovative strategies. Ayang Beib Steak Cafe, established in 2018 and located at Jl. Cik Ditiro Ruko Wisma Mas (next to Kosasih Kemiling) in Bandar Lampung, Indonesia, benefits from a strategic location on one of the city's busiest streets, surrounded by numerous culinary establishments. During the COVID-19 pandemic, Ayang Beib Steak Cafe adapted to the challenging market conditions by maintaining a dedicated team of five staff members focused on delivering excellent customer service. This study employs the Analytic Hierarchy Process (AHP) to analyze the business strategies implemented by Ayang Beib Steak Cafe to navigate market competition during the pandemic. The research identifies key internal and external factors influencing sales growth, including human resource coordination, menu diversification, outlet modernization, promotional activities, competitive conditions, consumer taste trends, and economic fluctuations. The findings suggest that modernizing outlet services and developing new menu items are the most prioritized strategies for enhancing sales and sustaining competitive advantage. Additionally, word-of-mouth and holiday promotions play significant roles in attracting and retaining customers. This comprehensive analysis provides actionable insights for Ayang Beib Steak Cafe and similar businesses aiming to thrive in a highly competitive and volatile market environment.
Abstract:Green culture, an organizational approach centered on environmental consciousness and practices, plays an increasingly significant role in promoting Sustainable Development Goals (SDGs). This study investigates the influence…
ence of green culture on the progress of SDGs, focusing on the integration of Good Corporate Governance (GCG) as a moderating variable. Through this exploration, we aim to understand how GCG can either enhance or hinder the effectiveness of green culture initiatives toward achieving specific SDG targets. This research uses a quantitative approach, analyzing data from organizations implementing green culture practices alongside structured GCG frameworks. Results indicate that companies that prioritize green culture see measurable improvements in meeting SDG objectives, especially in areas like resource management, waste reduction, and energy efficiency. The moderation effect of GCG shows that governance policies significantly influence the success of green initiatives, either amplifying their benefits or presenting challenges in aligning with sustainability goals. Key findings highlight that effective GCG not only supports environmental practices but also enhances organizational transparency and stakeholder trust. This study underscores the need for organizations to adopt integrated approaches where green culture and GCG work in synergy to maximize the positive impacts on SDG achievements. Such a framework can serve as a model for sustainable development, providing a pathway for businesses to balance profitability with global environmental and social responsibilities.
Abstract:The objective of this study is to ascertain the impact of the six elements of good corporate governance on the financial performance of state-owned enterprises (SOEs), with risk management acting as a moderating variable.…
. This study employs annual reports on state-owned enterprises (SOEs) listed in Appendix II of the Minister of State-Owned Enterprises Regulation Number PER/MBU/03/2021. The sampling technique employed was purposive sampling, with a research sample comprising 57 SOEs selected from all SOEs for the 2018-2022 period. The data were analyzed using panel data regression analysis with the STATA 17. The results indicated that the Shareholder Aspect had a positive and significant effect on the financial performance of SOEs. In contrast, the aspects of Commitment to Sustainable GCG Implementation, Board of Commissioners, Board of Directors, Disclosure and Transparency of Information, and other factors had no significant effect on the financial performance of SOEs. The findings indicate that risk management exerts a positive and significant influence on the relationship between the Board of Directors aspect and the financial performance of SOEs. Conversely, risk management exerts a negative and insignificant influence on the relationship between the Commitment to Sustainable GCG Implementation aspect, the Board of Commissioners, disclosure and transparency of information, and other factors and the financial performance of SOEs.
Abstract:Micro, small, and medium-sized businesses (MSMEs) play a big part in the economy, particularly in village economies. This is a result of the majority of rural firms still falling into the MSME category. Up until now, financial…
ancial reports from MSMEs in rural areas have been infrequent. This is a result of MSME actors' ignorance regarding the preparation of financial reports. Low financial understanding translates into a low ability to produce financial reports. The MSME participants in Cilacap Regency's Sikanco Village, Nusawungu District, have not yet completed their financial reports for their companies. This is a result of their inexperience with financial report writing. Thus, it is impossible to accurately gauge the financial performance of MSMEs. As a result, help is required with both creating financial reports and raising awareness of financial literacy. This program helps with financial report preparation and raises awareness of financial literacy through the use of the Participatory Action Research (PAR) approach. MSME players came to the realization that financial report preparation is crucial to their firm after receiving support with it. Owners of MSME businesses become conscious of both their personal and company assets. As a result, helping to prepare MSME financial reports is crucial and beneficial for MSME participants. They make an effort to keep track of transactions and financial reports for their company, and the financial reports that have been generated are easily understandable. Residents developed an interest in and an understanding of the significance of financial reporting in order to mitigate the risk of business losses following their education. Additionally, MSME partners are growing increasingly interested in effectively managing family finances in order to improve their welfare since, through keeping track of household spending, they can identify areas where they can save more money and invest the proceeds.
Abstract:The Law Number 40 of 2007 Concerning Limited Liability Companies does not clearly forbid self-dealing transactions by the Board of Directors of Limited Liability Companies. The Board of Directors has a chance to engage in…
n self-dealing activities that are fraught with conflicts of interest if this ban doesn't exist, which could be detrimental to the company. The study is aimed at analyzing the legal safeguards for limited liability companies against the self-dealing activities of board of director members and the board's accountability for such activities that result in losses for limited liability companies. Legal, conceptual, and case-based research methods are combined to create normative legal research. Interviews, literature reviews, and document studies as data collection methods were used. This study concludes that the Law does not specifically forbid limited liability company board of directors self-dealing transactions. The availability of provisions in Book III of the Civil Code as lex generalist, the Limited Liability Companies Law itself as lex specialist, and the principles of Good Corporate Governance all provide legal protection for limited liability businesses from self-dealing transactions. Restrictively, the Law gives the Board of Directors, Board of Commissioners, and Shareholders the right to sue the Board of Directors in district court for any wrongdoing caused by the Board of Directors.
Abstract:Customer loyalty is an essential factor in sustaining retail businesses amid increasing competition in the household appliance industry. PT BOLDe Sukabumi experienced a decline in customer loyalty, as reflected in decreasing…
sing membership, repeat purchases, customer satisfaction, and BOLDe application usage throughout 2025. This study aims to examine the effect of Customer Engagement Behavior, consisting of Service Improvement and Response Behavior, on Customer Loyalty through Value Co-Creation. A quantitative approach was employed using purposive sampling involving 120 customers of PT BOLDe Sukabumi. Data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The results reveal that Service Improvement and Response Behavior have positive and significant effects on both Value Co-Creation and Customer Loyalty. Furthermore, Value Co-Creation positively affects Customer Loyalty and mediates the relationship between Customer Engagement Behavior and Customer Loyalty
Abstract:This study aims to examine the economic behavior of the community around Dhoho Airport, Kediri, which has undergone socio-economic transformation due to strategic infrastructure development. This phenomenon is evident in…
Kediri Regency, East Java, especially after the start of the construction of Dhoho Airport, a national strategic project designed to be a lever for regional economic growth. The presence of the airport has changed the face of the surrounding area, which was previously agricultural land and modest settlements, into a bustling and fast-growing economic area. This change has led to a surge in new economic activities, such as the emergence of street vendors, restaurants, parking lots, local transportation businesses, and lodging. Using a qualitative approach with phenomenological methods, this study explores the meanings raised by local economic actors in responding to these changes. The findings show that communities show adaptive responses through trade, lodging, and other services, with economic meanings influenced by local values such as blessing, hard work, and kinship. This study concludes that people's economic behavior is not only rational instrumental, but also full of subjective values and meanings, so that regional economic policies need to be designed in an inclusive and contextual manner
Abstract:This study aims to analyze newsroom convergence processes and newsroom models implemented by Tribun Pekanbaru and Riau Pos, while also examining how newsroom convergence is utilized as an economic strategy to maintain the…
e sustainability of local media businesses amid digital disruption. The research employed a qualitative descriptive approach through in-depth interviews, observation, and documentation studies involving newsroom managers, editors, and journalists from both media organizations. The findings indicate that Tribun Pekanbaru and Riau Pos have adopted different newsroom convergence strategies. Tribun Pekanbaru has implemented an integrated newsroom model that combines Cross Media Newsroom and Integrated Media Newsroom approaches, emphasizing digital-first production and multi-platform content distribution. Meanwhile, Riau Pos continues to maintain a separated newsroom model between print and digital divisions, reflecting a gradual adaptation process toward digital transformation. The study further reveals that these differences are influenced not only by technological factors and organizational culture but also by economic considerations. Tribun Pekanbaru develops an integrated newsroom to improve production efficiency and expand digital content monetization, while Riau Pos maintains separated newsrooms because print media remains a significant source of company revenue. This study concludes that newsroom convergence has evolved beyond a technological transformation into an economic adaptation strategy for local media organizations. The findings suggest that newsroom convergence enables media companies to improve operational efficiency, broaden audience reach, optimize resource utilization, and strengthen business sustainability in an increasingly competitive digital environment.
Abstract:This study aims to analyze the economic satisfaction of street vendors after the development of Teras Samarinda in Samarinda City based on indicators of sales volume, business profit, and financial goal attainment. This…
study employed a descriptive qualitative approach using primary data obtained through in-depth interviews with five street vendors who were selected purposively based on their experience of operating businesses both before and after the development of Teras Samarinda. Data were analyzed through data reduction, data display, and conclusion drawing techniques. To enhance data credibility, time triangulation was applied through data collection conducted at different times and days. The findings indicate that economic satisfaction has not been optimally achieved among the interviewed vendors, as reflected in declining sales volume, reduced customer numbers, and unstable daily income compared to conditions before the development. Most vendors' profits were only sufficient to cover operational expenses, causing financial goals such as savings, capital growth, and business expansion to remain largely unmet. The study concludes that economic satisfaction tended to be low among the interviewed vendors, although they continue maintaining their businesses as an adaptation strategy to survive in a changing business environment