DAWR SIYASAT AL-DAWLAH AL-SHARʻIYAH FI DABT TAWAZUN AL-SUQ AL-ʻUMANI: TAHLIL TATBIQI (2019–2024) [THE ROLE OF LEGITIMATE STATE POLICIES IN MARKET STABILIZATION: AN APPLIED ANALYSIS OF OMAN (2019–2024)
DOI:
https://doi.org/10.37231/mjis.2025.9.1.290Abstract
This paper examines the role of legitimate state policies in regulating and stabilizing the Omani market through an applied and analytical study spanning the years 2019 to 2024. It investigates how Sharia-based intervention tools influence the equilibrium of supply and demand in the goods and services market, highlighting their contribution to mitigating economic disparities and enhancing market efficiency. The study evaluates the limitations of conventional economic mechanisms, especially during periods of global disruption, and argues for a policy framework rooted in justice, planning, and productive stimulation. Through a descriptive-analytical approach, the research integrates quantitative data from structured questionnaires with qualitative insights drawn from expert interviews. Six critical policy dimensions are explored: economic planning, combating underdevelopment, economic development, distributive justice, production enhancement, and pricing with anti-monopoly safeguards. The results demonstrate a statistically significant impact of these policies on market balance, with notable variations across institutional affiliations but limited influence from educational background or experience. The study concludes that a well-designed and justly implemented intervention policy—grounded in Sharia principles—can significantly strengthen national market stability, ensure fair access to resources, and promote sustainable economic resilience in Oman.
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