Economy Based on the Principles of Social Justice in Islam

Hendra Kustiono (Universitas Lambung Mangkurat)

Jurnal Agama Sosial dan Budaya
Vol. 2 No. 6 (2023): November: Religion: Jurnal Agama, Sosial, dan Budaya

This article explores the principles of social justice in Islam and their impact on the economy. Islam promotes a just economy based on principles of fairness and equal resource distribution. The article also outlines the significant role of the government in ensuring the proper functioning of the market and creating an environment conducive to development and justice. Moreover, the article examines the challenges and opportunities faced by Islamic economics, particularly in the context of Indonesia, with its large Muslim population. However, with increasing awareness of social justice and community empowerment, Islamic economics is becoming more relevant and thriving. The article also highlights the role of philanthropy, such as zakat, in supporting community development and empowerment. Despite some obstacles, Islamic economics has the potential to provide an alternative grounded in social justice and sustainability.