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Journal : Journal of Islamic Economic Laws

Market Intervention Policy in The Case of Rising Rice Prices in Indonesia From The Perspective of Ibn Taimiyah Bella, Alif Mujiyana Eka; Rahmawati, Lilik; Jim, Mahafizur Rahman
Journal of Islamic Economic Laws Vol. 7 No. 01 (2024): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i01.3484

Abstract

Rice is an important commodity and is needed by the wider community, its existence is vital as a means to fulfil the needs of life, therefore the Indonesian government's intervention in this commodity is very high. The price of rice in Indonesia continues to rise for many factors. This research employs qualitative methods which is called library research. The result of this study is the increase in rice prices in Indonesia according to Ibn Taymiyyah is entirely caused by market forces. According to Ibn Taymiyyah what is needed therefore is market intervention, instead of price intervention. The market intervention carried out by the Indonesian government is by intensifying the social assistance program, running market operations with the SPHP program, and strengthening the stock of government rice reserves (CBP). Meanwhile, the policy of setting the price ceiling should not be carried out by the government because the market conditions related to this rice commodity run perfectly and there is no market distortion.
Co-Authors Abdul Hakim Abu Yasid Aini Mufidah, Ismi Ali Mustofa, Imam Amaliyah, Nabilatul ARDIANSYAH, JEFRI Ariyanti, Septi Dwi Atok Syihabuddin Ayu Aulia, Melly Eka Azhary Noersidiq Azka, Moh Shadam Taqiyyuddin Badrotin Jabbar, Achmad Arbi Nur Bella, Alif Mujiyana Eka Bulkaini (Bulkaini) Dewi Safitri, Kartika Djoko Kisworo Elbarqi, Muhammad Nur Sholeh Fahrullah Fahrullah Fatimatus Zahro, Fatimatus Fatkhurrozi, Tanto Firdaus, Fira Fara Hadi, Nurrohman Hanum, Fathmah Haryanto Haryanto Hasan Hasan Hikmah, Durrotul Hudayatin, Nofiana Ikhwan Abdillah, Mohammad Islami , Debby Islami , Debby Izniyah, Izniyah Jim, Mahafizur Rahman Kartika Kartika Khilmia, Aqif Khoiriah, Lutfi Tasriful Laili, Izza Nuzilatul Lathifah, Nurul Leviansyah, M. Rizal Lutfiyah, Ani majid, khikam ali Masitoh, Imas Maslahah, Maslahah Maziyah Mazza Basya Mohammad Dliyaul Muflihin Muannasa, Aulia Muharromah, Gabriele Lailatul Mukaromah, Hani Muliawati, Unun Fiolita Muntazeri, Eliya Najma Murniasari, Nisa Mustofa Mustofa Mustofa, Imam Ali Mutimmatul Faidah Nabila, Uyun Nadia, Nada El Nurazizah, Devia Rahma Nurlailah Nurlailah, Nurlailah Nurullaily, Shulhah Pangestu, Fikri Ari Praktikto, Muhammad Iqbal Surya Pramuja, Moch. Wahyu Prasetyo, Novi Eko Pratikto, Muhammad Iqbal Surya Rachman , Yenny Aulia Rahmani, Nur Maulidah Dini Rahmasari, Dewi Rakhmadian, miftah Rohman, Afifur Rohmatin, Laili Rusmanto, Hery Sri Wigati Ulkiyah, Kalisom Utami Silfia Ayu, Betty Vebera Maslami Wulandani, Baiq Rani Dewi Yulianto, Wahid Yuniar, Az Zahra Arie