Prices adjust as a mechanism to protection of consumers purchasing power in Islamic economy

Abstract

This study aims to introduce the subject of price control and its role in protecting consumers' purchasing power, which has become one of the main objectives that most countries strive to support and protect from various risks and damages due to its contribution to maintaining social peace and stabilizing the national economy. Although the conventional economy provides a set of procedures and methods to protect purchasing power, they still fall short of achieving the desired goal. In Islamic economics, however, there are many diverse methods and measures that contribute significantly to preserving purchasing power and protecting it from weakness and collapse. The study concluded that the Islamic economic system provides many mechanisms and measures used by the state to control prices, collectively forming an integrated system to provide the necessary protection for consumers' purchasing power.