Jurnal Ilmiah Mizani: Wacana Hukum, Ekonomi Dan Keagamaan
Vol. 13 No. 2 (2026): July-December

Islamic Economic Law State Finansial Management : Consumer Protection Mechanism in Indonesian and Malaysian SOEs

Eny Sulistyowati (Universitas Negeri Surabaya)
Muh. Ali Masnun (Universitas Negeri Surabaya)
Mohd Badrol Bin Awang (Universitas Negeri Surabaya)



Article Info

Publish Date
14 Sep 2026

Abstract

State-Owned Enterprises (SOEs) serve as instruments of state economic administration and are obligated to provide public services with fairness, transparency, and accountability. Consumer protection constitutes a crucial aspect of public service governance, particularly in Muslim-majority countries such as Indonesia and Malaysia. This study aims to examine the perspective of Islamic economic law on consumer protection and to evaluate the extent to which existing consumer protection mechanisms implemented by SOEs in both countries align with core Islamic principles such as al-‘adl (justice), mas’uliyyah (accountability), gharar/tadlīs (prohibition of ambiguity and deceit), ḥifẓ al-māl (protection of wealth), and al-kharaj bi al-dhaman (gain accompanied by responsibility). This is a normative legal study employing a comparative and conceptual approach, supported by prescriptive analysis of primary and secondary legal sources. The findings indicate that consumer protection regulations in Indonesia (Law No. 8 of 1999) and Malaysia (Consumer Protection Act 1999) formally address consumer rights but have yet to fully integrate the principles of Islamic economic law. Indonesia lacks a Sharia supervisory mechanism for non-financial SOEs, while Malaysia only applies Sharia compliance in financial and halal-related sectors. A policy reform grounded in maqāṣid al-sharī‘ah and the establishment of Sharia supervisory bodies are urgently needed to ensure that public service delivery by SOEs conforms to Islamic legal and ethical standards.

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Journal Info

Abbrev

mizani

Publisher

Subject

Description

Focus and Scope FOCUS This journal aims to disseminate scholarly works related to research and discussions in the field of Contextualized Islamic Law, contributing to an enhanced understanding of Islamic law. Through the publication of articles and research reports, it seeks to advance knowledge and ...