Trade Monopoly in the TikTok Shop Business that Occurs in Indonesia Perspective of Al-Taimiyah

Trade monopoly is a condition where one or several companies or individuals have very strong or dominant control over a particular market or industry. In fact, Islam allows monopoly if there is no effort or excessive profit is taken. However, in fact, if we investigate further, trade monopolies give rise to unhealthy competition, encourage the practice of usury, and injustice in economic distribution. One of the things that is becoming a hot topic of discussion in Indonesia this time is the practice of monopoly on TikTok shops. Researchers used the library method to find out the results of this research. Based on the facts that have occurred in Indonesia recently, trading in the TikTok shop business is detrimental to MSMEs in Indonesia because there is a trade monopoly using algorithmic gaming methods on TikTok. In Ibn Taymiyah's view, if a trade monopoly results in injustice or harms society, this may be considered an action that is contrary to Islamic principles. He emphasized the need to maintain justice in the economy and avoid oppression in trade.

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Publication Details

Journal
SIGHAT JURNAL HUKUM EKONOMI SYARIAH
Published
2024-12-28
DOI
https://doi.org/10.35905/shighat_hes.v3i1.6669
Primary Topic
SMEs Development and Digital Marketing
Type
article
Field-Weighted Citation Impact
0.00
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article

Trade Monopoly in the TikTok Shop Business that Occurs in Indonesia Perspective of Al-Taimiyah

Devi Wulandari
SIGHAT JURNAL HUKUM EKONOMI SYARIAH
SMEs Development and Digital Marketing
article

Trade Monopoly in the TikTok Shop Business that Occurs in Indonesia Perspective of Al-Taimiyah

Devi Wulandari
article en

Abstract

Trade monopoly is a condition where one or several companies or individuals have very strong or dominant control over a particular market or industry. In fact, Islam allows monopoly if there is no effort or excessive profit is taken. However, in fact, if we investigate further, trade monopolies give rise to unhealthy competition, encourage the practice of usury, and injustice in economic distribution. One of the things that is becoming a hot topic of discussion in Indonesia this time is the practice of monopoly on TikTok shops. Researchers used the library method to find out the results of this research. Based on the facts that have occurred in Indonesia recently, trading in the TikTok shop business is detrimental to MSMEs in Indonesia because there is a trade monopoly using algorithmic gaming methods on TikTok. In Ibn Taymiyah's view, if a trade monopoly results in injustice or harms society, this may be considered an action that is contrary to Islamic principles. He emphasized the need to maintain justice in the economy and avoid oppression in trade.

SIGHAT JURNAL HUKUM EKONOMI SYARIAHVol. 3(1)
UIN Sunan Ampel Surabaya (ID)
Peace, Justice and strong institutions
Openalex Percentile: Top 50%
SMEs Development and Digital Marketing
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Trade Monopoly in the TikTok Shop Business that Occurs in Indonesia Perspective of Al-Taimiyah — Devi Wulandari · SIGHAT JURNAL HUKUM EKONOMI SYARIAH (2024) | TGRS Research Map | TGRS