Since 2014
Monopoly and Ikhtikar in Islamic Economics
Shirkah Journal of Economics and Business
View Archive Info| Field | Value | |
| Title |
Monopoly and Ikhtikar in Islamic Economics
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| Creator |
Al Arif, M. Nur Rianto
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| Subject |
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| Description |
Monopoly is a form of market imperfection, which does not occur in a competitive market. Ikhtikar is a form of market distortion caused by the occurrence of engineering in the market. Monopoly, from the perspective of Islamic economics, differs from ikhtikar. There are several criteria that must be met in order for an economic action to fulfill the category of ikhtikar. In Islamic economics, it is prohibited for a producer to deliberately engineer, either by hoarding or proporting scarcity, to obtain greater profits as price becomes more expensive. In Islamic economics, a monopoly is permitted, though monopolies can not charge rent. The government must take an effective role in preventing market distortion to maximize the wellbeing of society. Keywords: ikhtikar, monopoly, government’s role, islamic economics
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| Publisher |
IAIN Surakarta
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| Contributor |
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| Date |
2016-12-31
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://shirkah.or.id/new-ojs/index.php/home/article/view/37
10.22515/shirkah.v1i3.37 |
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| Source |
Shirkah: Journal of Economics and Business; Vol 1, No 3 (2016); 299-310
2503-4243 2503-4235 |
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| Language |
eng
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| Relation |
http://shirkah.or.id/new-ojs/index.php/home/article/view/37/16
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| Rights |
Copyright (c) 2016 Shirkah: Journal of Economics and Business
http://creativecommons.org/licenses/by-nc/4.0 |
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