Analysis of Islamic business ethics and its impact during the Covid19 pandemic


  • Fajar Surya Ari Anggara Faculty of Economics and Management, Universitas Darussalam Gontor, Ponorogo
  • Roghiebah Jadwa Faradisi Faculty of Economics and Management, Universitas Darussalam Gontor, Ponorogo



Business Ethics, Islamic Institution, Impact, Pandemic Covid19


A good organization and business must have ethics and social responsibility according to its functions. By mapping the relationship patterns in such a business, it can be seen that the principles of business ethics are manifested in an interactive relationship pattern. The purpose of this paper is to analysis the Islamic business ethics perception in Ma’had Al-Muqoddasah Islam and its impact. In this study, the data qualitative approach used with employing interview methods as data collection technique. The findings of business ethics such as principles of autonomy, principles of honesty, principles of justice, principles of mutual benefit, principles of moral integrity related to Islamic values. Sincerity, simplicity, independence, ukhuwah Islamiyah and freedom are indicated as mahad five spirit that must attach on their employees. Impact to stakeholder’s perspective, especially parents of students have to follow dominant points to remember and adopt such as readiness, sincerity, trust to Allah, effort, and trust to institution. Ma’had Al-Muqoddasah strengthen Islamic business ethics and also enforcing all COVID-19 safety protocols.


Ahmed, G., Agnihotri, M., Salam, M. A., & Mehmood, T. (2016). Honesty is the Best Business Policy: The Ethics of International Business. The Journal of Global Business Management, 12(1), 101–108. Retrieved from Gouher Ahmed paper 2.pdf Anggara, F. S. A., & Faradisi, R. J. (2019). Business Model in Islamic Microfinance Supporting BMT Innovation. PROCEEDING OF 7th ASEAN UNIVERSITIES INTERNATIONAL CONFERENCE ON ISLAMIC FINANCE (AICIF), (December 2019), 1–13. Anggara, F. S. A., & Hastuti, E. W. (2017). Implementation of Islamic Business Ethics Values based on IFSB 09: BMT La Tansa Ponorogo Experience. Al Tijarah, 3(2), 119. Gaudig, A., Hinderer, S., Kuckertz, A., Br, L., Reyes, A. M., Prochotta, A., … Berger, E. S. C. (2020). Startups in times of crisis – A rapid response to the COVID-19 pandemic. (January). He, H., & Harris, L. (2020). The impact of Covid-19 pandemic on corporate social responsibility and marketing philosophy. Journal of Business Research, 116(May), 176–182. Karishma, Y., & Widiastuti, T. (2017). Etika Bisnis Islam Dalam Pengelolaan Bisnis Di Pesantren Mukmin Mandiri. Ekonomi Syariah Teori Dan Terapan, 4(6), 464–477. Karri, R., & Cam Caldwell. (2015). Building Trust in Business Schools through Ethical Governance. Keay, A. (2015). Board accountability in corporate governance. Board Accountability in Corporate Governance, 1–283. Krishnamurthy, S. (2020). The future of business education: A commentary in the shadow of the Covid-19 pandemic. Journal of Business Research, 117(May), 1–5. Murtaz and vasil kikutadze. (2014). The role of corporate culture in business effectiveness. Vysoká Škola Manažmentu, Tren., (April 2013), 388–396. Retrieved from 1&isAllowed=y OECD. (2020). COVID-19 and Responsible Business Conduct. Organisation for Economic Co-Operation and Development. Retrieved from 19-and-responsible-business-conduct.htm Ritter, T., & Pedersen, C. L. (2020). Analyzing the impact of the coronavirus crisis on business models. Industrial Marketing Management, 88(April), 214–224. Salvioni, D. M., & Cassano, R. (2017). School Governance, Accountability and Performance Management. International Journal of Financial Research, 8(2), 176. Sheth, J. (2020). Impact of Covid-19 on consumer behavior: Will the old habits return or die? Journal of Business Research, 117, 280–283. Syamsuri, S., & Saputro, Y. E. (2019). Panca Jiwa As Social Capital Approach: an Alternative Strategy for Islamic Economic Development. Share: Jurnal Ekonomi Dan Keuangan Islam, 7(2), 180–203.




How to Cite

Anggara, F. S. A., & Faradisi, R. J. (2020). Analysis of Islamic business ethics and its impact during the Covid19 pandemic. Al Tijarah, 6(3), 115–120.