Proceedings of the International Conference on Law, Governance and Islamic Society (ICOLGIS 2019)

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Building the Law of Indonesian Business Competition Based on Islamic Economic Principles

Authors
Desi Apriani, Toto Tohir Suriaatmadja, Syafrinaldi
Corresponding Author
Desi Apriani
Available Online 13 March 2020.
DOI
10.2991/assehr.k.200306.220How to use a DOI?
Keywords
the law of Indonesian business competition, Islamic economic principles, ideal law
Abstract

Indonesian business competition law is contained in Act Number 5 Year 1999 concerning Prohibition of Monopolistic Practices and Unfair Business Competition. One of the backgrounds of the birth of this Act was the pressure of the IMF (International Monetary Fund) as part of Letter of Intent (LOI) at that time. As a result, the embodiment of Islamic values in the drafting of the Law has not been carried out at all. This can be seen from the provisions of the exception of Article 50 especially exceptions to small businessman. This research is juridical normative research by qualitative analytical method, and the data that the author use is secondary data consisting of primary and secondary legal materials. Ideal law is a law that is created in accordance with the noble values of its people, and should be accommodating the religious values embraced by the people. There is a need for the renewal of Indonesian business competition law by incorporating Islamic values in order to achieve Indonesian business competition law that reflects the values of Godliness, and at the same time can reflect the values of Pancasila Economic System.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Law, Governance and Islamic Society (ICOLGIS 2019)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
13 March 2020
ISBN
978-94-6252-926-7
ISSN
2352-5398
DOI
10.2991/assehr.k.200306.220How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Desi Apriani
AU  - Toto Tohir Suriaatmadja
AU  - Syafrinaldi
PY  - 2020
DA  - 2020/03/13
TI  - Building the Law of Indonesian Business Competition Based on Islamic Economic Principles
BT  - Proceedings of the International Conference on Law, Governance and Islamic Society (ICOLGIS 2019)
PB  - Atlantis Press
SP  - 241
EP  - 245
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200306.220
DO  - 10.2991/assehr.k.200306.220
ID  - Apriani2020
ER  -