IZZI: Jurnal Ekonomi Islam
Vol. 6 No. 3 (2026): IZZI: Jurnal Ekonomi Islam

AN ANALYSIS OF THE CONCEPT OF JUSTICE (ʿADL) IN THE ISLAMIC ECONOMIC SYSTEM: A CASE STUDY OF PRODUCTIVE WAQF IN INDONESIA

Zaiful Anas (STAI Nurul Qadim Probolinggo)
M. Asri Setiawan (Sekolah Tinggi Ilmu Ekonomi Syariah Naudhatul Ulama (STIESNU) Bengkulu)



Article Info

Publish Date
30 Sep 2026

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

Copyrights © 2026






Journal Info

Abbrev

jizzi

Publisher

Subject

Economics, Econometrics & Finance

Description

IZZI: Jurnal Ekonomi Islam: Merupakan jurnal ilmiah berkala yang diterbitkan tiga kali setahun oleh Program Studi Manajemen Bisnis Syariah, Sekolah Tinggi Ekonomi dan Bisnis Islam Badri Mashduqi, Kraksaan, Probolinggo. Jurnal ini menerbitkan artikel yang menarik bagi praktisi perjalanan haji dan ...