IQTISHOD: Jurnal Pemikiran dan Hukum Ekonomi Syariah
Vol. 5 No. 2 (2026): Volume 5 Nomor 2 Tahun 2026

Regulatory Capture and Vendor Lock-in: A Maqashid Sharia Analysis of Public Wealth Governance

Dimas Muhammad Hanief Arkaan (Universitas Muhammadiyah Surakarta)
Fahmi Alhadi (STIT Muhammadiyah Lumajang)
Muhammad Dakhlan Gazali (Ez-zitouna University)
Dessy Asnita (IAIN Langsa)



Article Info

Publish Date
05 Oct 2026

Abstract

While the digitalization of education is a crucial agenda in public service reform, such policies may engender governance issues if the procurement design is misaligned with actual needs, creates vulnerabilities to vendor lock-in, and involves conflicts of interest. This article analyzes the risks of regulatory capture and vendor lock-in in digital education procurement through a Maqashid Sharia perspective on public wealth governance. Employing a normative-juridical method, this research utilizes conceptual, statutory, case, and Maqashid approaches. Legal materials and literature are analyzed qualitatively, establishing hifz al-mal al-‘amm, hifz al-‘aql, amanah, wakalah, ghulul, ta’arudh al-mashalih, and sadd adz-dzari’ah as the evaluative framework. The findings indicate that digital education procurement cannot be assessed solely on procedural legality; rather, it must be scrutinized for its alignment with public needs, equitable distribution of benefits, competitive transparency, and the safeguarding of public wealth against fiscal waste and the hijacking of interests. From a Maqashid Sharia perspective, digitalization policies that prioritize hardware expenditure without ensuring foundational infrastructure readiness, pedagogical efficacy, and the mitigation of conflicts of interest risk deviating from the principle of maslahah ammah. Ultimately, this article contributes by proposing a Maqashid audit framework for public sector digital procurement, serving as a preventive instrument against regulatory capture, vendor lock-in, and fiscal misallocation in educational policy.

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Journal Info

Abbrev

JI

Publisher

Subject

Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

Description

JThis journal focused on Islamic law on economics and finance studies and present developments through the publication of articles. Specifically, the journal will deal with topics, including but not limited to Islamic law on Islamic Banking, Islamic Marketing, Islamic Human Resources, Islamic ...