Implementation of Islamic Ethics in Corporate Governance at PT. Pertamina (Persero) in Indonesia

Lili Wardani Harahap

Chapter 12 in Islamic Accounting and Finance:A Handbook, 2023, pp 367-378 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The purpose of this study is to explore the implementation of Islamic ethics and identify corporate governance. This study is a qualitative case study using phenomenological approach and paradigm interpretive in which the paradigm focuses on social understanding. The data collection method in this study used secondary data, namely data obtained from the documentation and annual report of PT. Pertamina (Persero). The data analysis technique uses explorative qualitative methods, namely research that aims to map an object in depth. This study uses a content analysis approach. The results of this research consist of the following: (1) PT. Pertamina (Persero) has implemented Islamic ethics in running its business to improve of the company performance; (2) Islamic ethics have been in accordance with the principles of corporate governance, which include transparency, accountability, responsibility, independence, and fairness at PT. Pertamina (Persero); (3) honesty, the value of truth (fairness), justice, transparency, accountability, and integrity have been applied at PT. Pertamina (Persero).

Keywords: Islamic Accounting; Islamic Finance; Islamic Banking; AAOIFI (search for similar items in EconPapers)
JEL-codes: G34 M41 (search for similar items in EconPapers)
Date: 2023
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