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All Journal Natuja: Jurnal Ekonomi Syariah
Syamsuar, Mushaq
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Economics, Econometrics & Finance

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IMPLEMENTASI WAKAF PRODUKTIF BERBASIS QA’IDAH DAR’ AL-MAFASID MUQADDAM ALA JALB AL-MASALIH: ANALISIS DIMENSI SYARIAH TERHADAP RISIKO PENGELOLAAN WAKAF Imam Kamaluddin; Syamsuar, Mushaq
NATUJA: Jurnal Ekonomi Syariah Vol. 5 No. 2 (2026): Mei (2026)
Publisher : Department of Sharia Economics, Faculty of Islamic Economics and Business, Universitas Islam Ibrahimy Banyuwangi, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69552/6vf09w92

Abstract

The transformation of waqf into productive sectors introduces complex risk exposures that may lead to the loss of the principal asset (ḍayāʿ al-aṣl), directly contradicting the perpetual principle of taḥbīs al-aṣl. Existing literature is largely dominated by a benefit-maximization approach (jalb al-maṣāliḥ), thereby leaving a research gap in the form of a limited normative fiqh framework for risk prevention. To address this gap, this study aims to reconstruct risk management by positioning the legal maxim Dar’ al-Mafāsid Muqaddam ʿalā Jalb al-Maṣāliḥ as a foundation for substantive mitigation. Employing a normative legal research method with a juridical-normative approach, secondary data are analyzed through hermeneutic interpretation and synthesis. The findings reveal that the principle of preventing harm (dar’ al-mafāsid) necessitates prioritizing loss prevention over the pursuit of speculative benefits. Consequently, the application of this maxim demands a high standard of Sharīʿah prudentiality and significantly transforms the role of the nāẓir from a mere investment manager into a trustee. Overall, this study contributes theoretically by operationalizing a fiqh-based legal maxim to ensure prudence in the governance of productive waqf
Co-Authors Imam Kamaluddin