Maqolat: Journal of Islamic Studies
Vol. 1 No. 2 (2023)

Building Business Competition Law in Indonesia Based on Islamic Economic Principles

Khairul Wahid (Institut Agama Islam Negeri Kediri)
Yuliani (Institut Agama Islam Negeri Kediri)



Article Info

Publish Date
20 Jun 2023

Abstract

.  Law Number 5 of 1999 entitled Prohibition of Monopolistic Practices and Unfair Business Competition regulates business competition law in Indonesia. One of the main reasons for the emergence of this Act was due to pressure from the IMF (International Monetary Fund) as part of the Letter of Intent (LOI) at that time. Consequently, no attempt was made to reflect Islamic values ​​in the drafting of the law. This can be seen from the exceptions in Article 50, especially the exceptions for small entrepreneurs. This research is a normative juridical research with qualitative analysis method, and the data that the writer uses is secondary data which consists of primary and secondary legal materials. The ideal law is a law that is made in accordance with the noble values ​​of society, and must also take into account the religious values ​​that are adhered to by the community. Renewal is needed in Indonesia's business competition law by integrating Islamic values ​​to create a business competition law that reflects God's values ​​and at the same time reflects the values ​​of the Pancasila Economic System

Copyrights © 2023






Journal Info

Abbrev

i

Publisher

Subject

Religion Humanities Social Sciences

Description

Maqolat: Journal of Islamic Studies is a peer-reviewed journal published by Perkumpulan Dosen Fakultas Agama Islam Indramayu. The journal is aimed at spreading the research results conducted by academicians, researchers, and practitioners in the field of Islamic Studies. In particular, papers which ...