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All Journal Jurnal Ilmiah Mizani: Wacana Hukum, Ekonomi Dan Keagamaan
Mohd Badrol Bin Awang
Universitas Negeri Surabaya

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Islamic Economic Law State Finansial Management : Consumer Protection Mechanism in Indonesian and Malaysian SOEs Eny Sulistyowati; Muh. Ali Masnun; Mohd Badrol Bin Awang
Jurnal Ilmiah Mizani: Wacana Hukum, Ekonomi Dan Keagamaan Vol. 13 No. 2 (2026): July-December
Publisher : Faculty of Sharia (Islamic Law) at Fatmawati Sukarno State Islamic University Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29300/mzn.v13i2.8943

Abstract

State-Owned Enterprises (SOEs) serve as instruments of state economic administration and are obligated to provide public services with fairness, transparency, and accountability. Consumer protection constitutes a crucial aspect of public service governance, particularly in Muslim-majority countries such as Indonesia and Malaysia. This study aims to examine the perspective of Islamic economic law on consumer protection and to evaluate the extent to which existing consumer protection mechanisms implemented by SOEs in both countries align with core Islamic principles such as al-‘adl (justice), mas’uliyyah (accountability), gharar/tadlīs (prohibition of ambiguity and deceit), ḥifẓ al-māl (protection of wealth), and al-kharaj bi al-dhaman (gain accompanied by responsibility). This is a normative legal study employing a comparative and conceptual approach, supported by prescriptive analysis of primary and secondary legal sources. The findings indicate that consumer protection regulations in Indonesia (Law No. 8 of 1999) and Malaysia (Consumer Protection Act 1999) formally address consumer rights but have yet to fully integrate the principles of Islamic economic law. Indonesia lacks a Sharia supervisory mechanism for non-financial SOEs, while Malaysia only applies Sharia compliance in financial and halal-related sectors. A policy reform grounded in maqāṣid al-sharī‘ah and the establishment of Sharia supervisory bodies are urgently needed to ensure that public service delivery by SOEs conforms to Islamic legal and ethical standards.
Co-Authors Eny Sulistyowati Masnun, Muh Ali