AT-TAFAHUM: Journal of Islamic Law
Vol 7, No 2 (2023)

Utilization of Commercial Law to Promote Public Welfare and Legal Certainty for Business Actors

Fesya, Aicha Azdina Adly (International Open University Gambia)
Siregar, Alya Rayana (State Islamic University of North Sumatra)



Article Info

Publish Date
30 Sep 2023

Abstract

The use of commercial law plays a strategic role in promoting public welfare while ensuring legal certainty for business actors. This study aims to analyze how commercial law instruments, including agreements, consumer protection, and competition regulations, can be optimized to create a fair, transparent, and sustainable business climate. The method used is a normative juridical approach with a literature review of laws and related literature. The results show that strong legal certainty increases business and investor confidence, thereby encouraging economic growth and expanding employment opportunities. Furthermore, effective legal protection can also reduce fraudulent practices and business disputes. Therefore, optimizing the use of commercial law is key to realizing public welfare and national economic stability. However, challenges remain, including weak law enforcement, low legal literacy among small business actors, and inconsistent regulations. Therefore, policy reform, capacity building of law enforcement officers, and ongoing education are needed to optimally achieve these goals.

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