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All Journal TIJARAH: Jurnal Ekonomi, Manajemen, dan Bisnis Syariah
A. M. Nur Atma Amir
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Economics, Econometrics & Finance

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Journal : TIJARAH: Jurnal Ekonomi, Manajemen, dan Bisnis Syariah

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Teori Permintaan dan Penawaran dalam Islam: Theory of Demand and Supply in Islam A. M. Nur Atma Amir
TIJARAH: Jurnal Ekonomi, Manajemen, dan Bisnis Syariah Vol. 2 No. 2 (2025): TIJARAH: Jurnal Ekonomi, Manajemen, dan Bisnis Syariah
Publisher : Litera Academica Publishing

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Abstract

In studying economics at a micro level, the discussion is based on individual behavior as economic actors whose role is to determine price levels in the market mechanism process. The market mechanism itself is an interaction that occurs between demand from the consumer side and supply from the producer side. This research tries to study, understand and understand the meaning, factors and laws of supply and demand in Islamic and conventional economics. Apart from that, this research also examines the conceptual differences between Islamic and conventional economics regarding the theory of demand and supply. This research uses qualitative research with a collection method called library research which collects various references that are relevant to the topic of discussion being studied. From the results of this research it can be concluded that demand and supply are two concepts that underlie a very broad range of economic activities. Demand and supply are also the two words most frequently used by economists, both of which are the forces that make a market economy work. Furthermore, the Islamic Economics concept of demand and supply has some similarities with conventional economics, but there are limitations for individuals to behave in accordance with sharia rules. Lastly, Islamic Economics also includes zakat activities which influence supply in economic activities. Islamic economics also provides a solution to balance in price formation.
Konsep Mekanisme Pasar dalam Pemikiran Ekonomi Islam Ibn Taimiyah: The Concept of Market Mechanisms in Ibn Taimiyah's Islamic Economic Thought A. M. Nur Atma Amir; Muslimin Kara; Rahman Ambo Masse
TIJARAH: Jurnal Ekonomi, Manajemen, dan Bisnis Syariah Vol. 2 No. 3 (2025): TIJARAH: Jurnal Ekonomi, Manajemen, dan Bisnis Syariah
Publisher : Litera Academica Publishing

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This study aims to provide a comprehensive description of the market mechanism concept in Ibn Taimiyah’s Islamic economic thought, examine the role of the state and the hisbah institution in maintaining market justice, and explore the relevance of his ideas to contemporary economic issues and their implications for the development of modern Islamic economics. This research employs a qualitative approach using the library research method, analyzing relevant primary and secondary sources. The findings reveal that Ibn Taimiyah had a profound understanding of market mechanisms, in which prices are naturally determined through the interaction of supply and demand without excessive intervention. The state, through the hisbah institution, plays a crucial role in preserving market stability and justice by enforcing business ethics and preventing harmful practices. Government intervention is justified only when market distortions lead to injustice. Ibn Taimiyah’s economic thought remains highly relevant to contemporary issues such as monopoly, inflation, wealth inequality, and the crisis of business ethics. Thus, his ideas offer a conceptual foundation for building an Islamic economic system that is just, ethical, and sustainable.
Co-Authors Muslimin Kara Rahman Ambo Masse