The Implementation of Islamic Economic Principles in Trading Activities at Traditional Markets: Evidence from North Musi Rawas, Indonesia

Yulita Reksi; Romi Adetio Setiawan; Eeng Juli Efrianto

doi:10.63922/ijebir.v5i06.7099

Yulita Reksi Sharia Economics Study Program, Faculty of Islamic Economics and Business, Universitas Islam Negeri (UIN) Fatmawati Sukarno Bengkulu, Bengkulu, Indonesia.
Romi Adetio Setiawan Sharia Economics Study Program, Faculty of Islamic Economics and Business, Universitas Islam Negeri (UIN) Fatmawati Sukarno Bengkulu, Bengkulu, Indonesia
Eeng Juli Efrianto Sharia Economics Study Program, Faculty of Islamic Economics and Business, Universitas Islam Negeri (UIN) Fatmawati Sukarno Bengkulu, Bengkulu, Indonesia

DOI: https://doi.org/10.63922/ijebir.v5i06.7099

Keywords: Islamic Economics, Islamic Economic Principles, Trading Activities, Traditional Markets, North Musi Rawas

Abstract

This research is motivated by the importance of implementing Islamic economic principles in trading activities, particularly in traditional markets, which serve as centers of economic activity and social interaction. This study aims to analyze the implementation of Islamic economic principles, including honesty, trustworthiness, justice, and ta’awun (mutual assistance), in trading activities; examine buying and selling practices in terms of the prohibitions of riba (usury), gharar (excessive uncertainty), and maisir (gambling); and identify the supporting and inhibiting factors in implementing Islamic economic principles at Traditional Markets in North Musi Rawas Regency. This study employs a descriptive qualitative method. Data were collected through observation, interviews, and documentation. The primary informants were traders actively engaged in trading activities at Traditional Markets in North Musi Rawas Regency, while supporting informants were included to strengthen the research findings. Informants were selected purposively according to the research needs. The findings indicate that Islamic economic principles have been implemented in trading activities through honesty in communicating product conditions and prices, trustworthiness in fulfilling transaction agreements, justice in pricing and weighing goods, and ta’awun through mutual assistance and cooperation among traders.

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