The Role of Traditional Markets in Enhancing Community Economic Development from an Islamic Economics Perspective: Evidence from Sanggar Market, Bima Regency

Abstract

Traditional markets play an important role in supporting local economies, particularly within the framework of Islamic economics. This study aims to examine the potential of traditional markets to improve community economic welfare from an Islamic economic perspective. A descriptive qualitative approach was employed in this study. Traditional markets function not only as venues for buying and selling activities but also as social spaces that strengthen relationships among community members. From the perspective of Islamic economics, principles such as justice, transparency, and mutual benefit are highly emphasized in commercial activities, thereby contributing to the equitable distribution of welfare within society. In addition, traditional markets can serve as an important mechanism for sustaining local economies amid the growing dominance of modern retail markets. The findings indicate that traditional markets have the potential to enhance community economic conditions through job creation, increased circulation of money within the local economy, and improved purchasing power among surrounding communities. Therefore, the empowerment and development of traditional markets in accordance with Islamic economic principles constitute a strategic approach to improving community welfare.