Wilāyah al-ḥisbah and its Urgency to the Modern Economy in Indonesia

Weak state intervention in the modern economy has brought with it a number of excesses and negative consequences, such as unequal income levels, increasing poverty rates and widening social inequalities. Meanwhile, in the Islamic economic system, all comprehensive and general powers and authorities...

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Bibliographic Details
Published in:Webology 2022-01, Vol.19 (1), p.5867-5878
Main Authors: Ghofur, Abdul, Shabir, Muslich, Asiyah, Nur
Format: Article
Language:English
Subjects:
Capitalism
Counterfeiting
Economic life
Fraud
Globalization
Good & evil
Injustice
Intervention
Islamic law
Liberalization
Principles
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Summary:Weak state intervention in the modern economy has brought with it a number of excesses and negative consequences, such as unequal income levels, increasing poverty rates and widening social inequalities. Meanwhile, in the Islamic economic system, all comprehensive and general powers and authorities are given to the state to intervene in the economic life of the community and are seen as an important fundamental principle. In this case the role of the state is present in an institution called wiläyah al-hisbah (WH). As a representative of the state, the WH has the authority and power in carrying out and controlling the implementation of the sharia economy. Through the WH, state intervention is not limited to merely adapting the permanent rule of Islamic law, but also filling the void that exists in Islamic law. On a practical level, the state intervenes in economic life to ensure the adaptation of Islamic law related to the economic life of individuals. In addition, the state can also implement the principles of social security and social balance based on the principles of sharia economics.
ISSN:1735-188X