PERANG HARGA PASAR DALAM PERSPEKTIF ISLAM

Abstract: A market is a place where sellers and buyers meet and carry out buying and selling transactions of goods and or services. The importance of the market in Islam is inseparable from the function of the market as a forum for buying and selling activities. In the concept of Islamic economics, prices are determined by demand and supply. Price regulation is necessary when market conditions do not guarantee profit to one party, but when a seller has controlled the market, price games often occur. The seller will increase the price to make more profit. Every individual has the freedom to seek to acquire wealth and develop it. However, there is often price instability in the market and a lack of knowledge about how to determine profits, making this condition often exploited by sellers who only think about material benefits and emphasize their selfishness without seeing the surrounding environment so that in the end consumers are harmed and competition with other traders occurs. The community's freedom of business is threatened by the big players controlling the market. We need a mechanism design so that the market returns to being the guardian of economic freedom. The purpose in writing this research is to explain how the concept of mechanism and price competition in Islamic Economics. So special research is needed to determine the market price war in the Islamic perspective that is currently in effect, one of which is by exploring the law (istinbath hukum) in the Al-Quran and its interpretations. This research is a library research using literature with maudhu'i (thematic) interpretation method, especially explaining the opinions of Ibn Taimiyah and Ibn Khaldun. From the research it is produced that basically in Islamic Economics the market mechanism should run naturally so that the price created is in accordance with what is expected by both sellers and buyers, as for if there are problems in the market mechanism and price competition, according to Ibn Taymiyyah the government may intervene only to restore the stability of the market mechanism which ultimately creates price stability. And according to Ibn Khaldun, the market mechanism in the perspective of Islamic economics in principle is to reject the existence of a price intervention if price changes occur due to a fair market mechanism. However, the market here requires morality, including fair competition, honesty, openness, and justice. If these values have been upheld, then there is no reason to reject market prices. And if deviations occur, it is the state's obligation to regulate them for the benefit of the people.