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All Journal IZZI: Jurnal Ekonomi Islam
Zaiful Anas
STAI Nurul Qadim Probolinggo
Economics, Econometrics & Finance

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AN ANALYSIS OF THE CONCEPT OF JUSTICE (ʿADL) IN THE ISLAMIC ECONOMIC SYSTEM: A CASE STUDY OF PRODUCTIVE WAQF IN INDONESIA Zaiful Anas; M. Asri Setiawan
IZZI: Jurnal Ekonomi Islam Vol. 6 No. 3 (2026): IZZI: Jurnal Ekonomi Islam
Publisher : Lembaga Penerbitan, Penelitian, dan Pengabdian kepada Masyarakat (LP3M)  of Institut Badri Mashduqi Probolinggo Jawa timur Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.66931/jizzi.v6.i3.451

Abstract

Justice (ʿadl) is a fundamental principle in the Islamic economic system that underlies all economic activities, including waqf management. Productive waqf, as an Islamic economic instrument, has great potential in realizing social justice and equitable welfare distribution. However, in practice, the management of productive waqf in Indonesia still faces various challenges, both institutional and managerial, as well as in the distribution of benefits. This study aims to analyze the concept of justice (ʿadl) in the Islamic economic system and examine its implementation in productive waqf management in Indonesia. This research employs a qualitative method using literature review and case study approaches. The results indicate that the concept of justice in Islamic economics requires a balance between individual ownership and social interests, transparency in management, and equitable and sustainable distribution of waqf benefits. Although productive waqf practices in Indonesia have generally reflected the principle of justice, improvements in governance, professionalism of nazhir, and stakeholder synergy are still needed to achieve optimal social justice
Co-Authors M. Asri Setiawan