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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.
Investigating the Factors that Drive the Success of Halal Cloud Kitchen in Bangladesh Ahmed, Rafiuddin; Alam, Muhammad Intisar; Sultana, Maria; Jim, Mahafizur Rahman
Journal of Islamic Economic Laws Vol. 7 No. 02 (2024): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i02.5295

Abstract

With the integration of new technologies, various industries, including the food sector, are experiencing significant transformations. The emergence of Cloud Kitchens represents a notable technological shift within the food industry. This research endeavors to uncover the key factors contributing to the success of the Halal Cloud Kitchen sector in Bangladesh. To achieve this, a structured survey questionnaire was designed and distributed through Google Forms. Three hundred twenty-three responses were gathered using the snowball sampling method and utilized in hypothesis testing employing multiple linear regression. The findings indicate that, among the six variables considered,food quality, packaging, and discounts substantially influence the prosperity of Halal Cloud Kitchens. In contrast,the remaining variables were found to be insignificant. Finally,this study analyzes critical success criteria for Halal Cloud Kitchens in Bangladesh, highlighting food quality, innovative packaging, and strategic discounts. It provides practical suggestions for improving business efficiency and competitiveness, identifying limitations, and suggesting future research areas.