The Price Intervention of Staple Goods in Lhokseumawe City from the Islamic Economics Perspective

To avoid scarcity, it is an obligation for the local government to set the policy of intervention on the need for basic goods. To explore further information regarding the issue, this study attempts to investigate the supervision system and food price interventions carried out by the Department of Industry and Trade of Lhokseumawe City as well as to understand the supervision and intervention system from the Islamic economics perspective. The research method used in this research is a qualitative method using a case study approach. The research subjects were chosen purposively while the object of the research was the price
of groceries intervention conducted by the local government of Lhokseumawe city. The data was collected using in-depth interviews, participatory observation, and literature studies. The results showed that the food price monitoring system in Lhokseumawe City was carried out in several stages: planning; organizing; and the implementation and the control stage. The system of supervision and intervention in the prices of basic food items in Lhokseumawe City based on sharia economy is already appropriate as the Department of Industry and Trade (Disperindakop) supervises the prices by fostering traders to provide reasonable prices rather than determining the price of goods in the market. The main purpose of such supervision is so that traders do not commit fraud in buying and selling.