Ali Musa Harahap

AN ANALYSIS OF TAYMIYYAH’S PERSPECTIVE ON GOVERNMENT REGULATION AFFORDABILITY IN INDONESIA

Introduction

An analysis of taymiyyah’s perspective on government regulation affordability in indonesia. Explore Ibnu Taymiyyah's perspective on government regulation for housing affordability in Indonesia. This analysis uses his value-based price regulation concept to ensure public welfare.

Abstract

One of the primary roles of the government is to regulate the private sector. Concerns regarding housing affordability are widespread among low- and middle-income households across both urban and rural areas in Indonesia, with many struggling to purchase a ome. This paper aims to highlight the issue of housing affordability and to examine the concept of government regulation from the perspective of Ibnu Taymiyyah. The theoretical foundation is based on Ibnu Taymiyyah’s value-based concept of price regulation. A qualitative method is employed, using a descriptive philosophical analysis of Ibnu Taymiyyah's thought, accompanied by interpretation of relevant texts, and contextualized within Indonesia's housing market. The purpose of this study is to emphasize the importance of government regulation as a just and proper system to prevent arbitrary practices by private actors. Government regulation, in this context, plays a critical role in supporting democratic development in Indonesia. Its implementation implies that price regulation is a necessary measure to ensure the welfare of the Indonesian state.

Review

This paper presents a timely and highly relevant investigation into the critical issue of housing affordability for low- and middle-income households in Indonesia, a challenge that resonates across many developing economies. A significant strength of this study lies in its innovative approach, which uniquely integrates the contemporary policy concern of government regulation with the profound insights of classical Islamic scholar Ibnu Taymiyyah. By grounding the analysis in Taymiyyah's value-based concept of price regulation, the authors propose a robust theoretical lens through which to examine the government's role in preventing arbitrary practices by private actors. This interdisciplinary framework offers a fresh perspective on a pervasive socio-economic problem and holds considerable promise for enriching the discourse on fair economic governance. While the abstract outlines a compelling theoretical foundation, further clarity on the methodological execution of applying Taymiyyah's thought to the modern Indonesian housing market would strengthen the paper. The descriptive philosophical analysis and interpretation of relevant texts are appropriate for understanding Taymiyyah's perspectives. However, the abstract could benefit from elaborating on *how* his historical "value-based concept of price regulation" is specifically translated and operationalized within the complexities of contemporary Indonesian urban and rural housing economics. A deeper explanation of the analytical bridge between classical Islamic jurisprudence and the specific mechanisms of modern government regulation, beyond a general endorsement of its necessity, would enhance the paper's applicability and policy relevance. This would ensure that the contextualization is not merely descriptive of the problem, but also deeply analytical in its proposed solutions or frameworks derived from Taymiyyah. The study's stated purpose—to emphasize government regulation as a just and proper system to prevent arbitrary practices and support democratic development—is commendable and highly ambitious. If effectively demonstrated, the paper's conclusion that price regulation is a necessary measure for ensuring the welfare of the Indonesian state would offer a powerful ethical and economic justification for government intervention. Future iterations or subsequent research could further explore the practical implications of Taymiyyah's framework, perhaps by identifying specific regulatory tools or policies that align with his value-based principles. Examining potential challenges or limitations in applying such a historical framework to a dynamic modern market economy would also add depth, ultimately contributing to a more nuanced and impactful contribution to both Islamic economics and housing policy.

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