Implementation of the Philosophy of Justice in Islamic Economics on Business Competition Supervision
Keywords:
Business Competition,, Islamic Economics,, Economic Justice,Abstract
The Business Competition Supervisory Commission (KPPU) plays a crucial role in ensuring fair and healthy market competition in Indonesia, particularly in Lombok, where rapid growth in tourism, trade, and the halal economy has intensified market dynamics. This study examines how KPPU addresses anti-competitive practices such as bid-rigging, market monopolization, and predatory pricing, which often hinder the development of Micro, Small, and Medium Enterprises (MSMEs). From an Islamic economic perspective, the principles of justice (ʿadl), fair competition (munafasah), and transparency (shafafiyyah) serve as a foundation for creating a more ethical and inclusive business ecosystem. The findings indicate that while KPPU has made significant progress in sanctioning violations, challenges persist in proactive law enforcement and ensuring regulatory accessibility for MSMEs. Many small business owners lack awareness of their rights under competition law, making them more vulnerable to exploitative business practices. To establish a more equitable business landscape, stronger enforcement mechanisms, better legal support for MSMEs, and policy reforms prioritizing fair competition are necessary. By integrating Islamic economic values into competition policies, Indonesia can foster a more sustainable, ethical, and inclusive economic framework in Lombok and beyond.
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