Building a Blessing Pharmaceutical Business: The Application of Islamic Ethics in Buying and Selling Generic Drugs

This study discusses the application of Islamic business ethics in the practice of buying and selling generic drugs, by highlighting the principles of honesty (ṣidq), justice ('adl), and transparency (ṣafā). Through a descriptive qualitative approach, data was obtained from observations, interviews, and documentation in several pharmacies and distributors of generic drugs. The results show that although generic drugs have a more affordable price, there are still challenges in uneven distribution, lack of price transparency, and low public education about the effectiveness of generic drugs. In addition, unfair business competition and weak regulations also hinder the application of Islamic business ethics in the pharmaceutical sector. Therefore, efforts are needed such as increasing information transparency, strengthening government policies, and internalizing Islamic ethical values in pharmaceutical business practices to create a fairer, more transparent, and blessed generic drug trade for all parties

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Publication Details

Journal
Zabags International Journal Of Economy
Published
2025-02-28
DOI
https://doi.org/10.61233/zijec.v3i1.93
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

Building a Blessing Pharmaceutical Business: The Application of Islamic Ethics in Buying and Selling Generic Drugs

Zaenal Abidin, Kurniawan Kurniawan, Muhammad Arif Nur Afid
Zabags International Journal Of Economy
Islamic Finance and Banking Studies
article

Building a Blessing Pharmaceutical Business: The Application of Islamic Ethics in Buying and Selling Generic Drugs

Zaenal Abidin, Kurniawan Kurniawan, Muhammad Arif Nur Afid
article en

Abstract

This study discusses the application of Islamic business ethics in the practice of buying and selling generic drugs, by highlighting the principles of honesty (ṣidq), justice ('adl), and transparency (ṣafā). Through a descriptive qualitative approach, data was obtained from observations, interviews, and documentation in several pharmacies and distributors of generic drugs. The results show that although generic drugs have a more affordable price, there are still challenges in uneven distribution, lack of price transparency, and low public education about the effectiveness of generic drugs. In addition, unfair business competition and weak regulations also hinder the application of Islamic business ethics in the pharmaceutical sector. Therefore, efforts are needed such as increasing information transparency, strengthening government policies, and internalizing Islamic ethical values in pharmaceutical business practices to create a fairer, more transparent, and blessed generic drug trade for all parties

Zabags International Journal Of EconomyVol. 3(1)
Openalex Percentile: Top 95%
Islamic Finance and Banking Studies
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Building a Blessing Pharmaceutical Business: The Application of Islamic Ethics in Buying and Selling Generic Drugs — Zaenal Abidin, Kurniawan Kurniawan, et al. · Zabags International Journal Of Economy (2025) | TGRS Research Map | TGRS