Trust from an Islamic Economics Perspective: An Empirical Study of Micro-Traders at Makassar Central Market

Abstract

This study aims to analyze the role of trust as a form of social capital in the economic activities of street vendors at Makassar Central Market and to examine its implementation from an Islamic economics perspective. This research employed a qualitative method with a case study approach. Data were collected through observation, in-depth interviews, and documentation involving ten informants selected through purposive sampling and further identified using snowball sampling. Data analysis consisted of data reduction, data presentation, and conclusion drawing, with source and methodological triangulation employed to ensure data validity. The findings indicate that trust constitutes the primary form of social capital underpinning the social and economic relationships of street vendors at Makassar Central Market. Trust is established through sustained interactions and is reflected in relationships between traders and customers, suppliers, and fellow traders through credit and debt arrangements, safekeeping of goods, rotating savings and credit associations, business information exchange, and various other forms of economic cooperation. Trust also fosters tolerance, familiarity, solidarity, and cooperation among traders from diverse social, ethnic, and religious backgrounds. From an Islamic economics perspective, this trust reflects the implementation of the values of amanah (trustworthiness), ṣidq (honesty), ta'āwun (mutual assistance), and ukhuwah (brotherhood), which serve as the foundations of economic and social relationships in muamalah activities. The findings further demonstrate that trust functions not only as an instrument for improving business efficiency and sustainability but also as a means of promoting maslahah (public benefit), justice, and collective welfare. Therefore, trust can be understood as a factor that connects the economic, social, and religious dimensions of street vendors' lives at Makassar Central Market.