The Role of Islamic Business Ethics in the International Business Competition Market

Authors

  • Nabila Hamim Universitas Islam Negeri Sumatera Utara
  • Hendra Ibrahim Universitas Islam Negeri Sumatera Utara Medan

Keywords:

Islamic, Business, Ethics, Competitiveness, International, Markets

Abstract

This study examines the role of business ethics in enhancing a company's competitiveness in the global market, considering the challenges of intense competition as well as differences in social norms, culture, and legal systems across various countries. The implementation of sound business ethics is crucial for long-term sustainability and success. Based on a literature review, the research findings indicate that companies adhering to strong ethical principles are able to build a positive image, increase consumer trust, reduce legal risks, and support social and environmental sustainability. Business ethics also serves as a differentiating factor that creates a sustainable competitive advantage in the international market. Islamic business ethics, rooted in principles of honesty, justice, and social responsibility, align with Islamic teachings, which emphasize the importance of transparency and mutual benefit. The study concludes that the consistent and adaptive application of business ethics, particularly those based on Islamic values, is essential for achieving success in global business competition.

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Published

2025-02-27

How to Cite

Hamim, N., & Ibrahim, H. (2025). The Role of Islamic Business Ethics in the International Business Competition Market. NIZAM: International Journal of Islamic Studies, 3(1), 15–22. Retrieved from https://journal.csspublishing.com/index.php/nizam/article/view/1097

Issue

Vol. 3 No. 1 (2025): NIZAM 2025

Section

Articles

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Copyright (c) 2025 Nabila Hamim, Hendra Ibrahim

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