J-EBIS (Jurnal Ekonomi dan Bisnis Islam)
Vol, 11 No 1 (2026)

Waqf as a Mechanism for Reducing Economic Inequality: Insights From SLR With Indonesian Focus

Muhammad Putra Aprullah (Universitas Syiah Kuala)
Rulfah M. Daud (Universitas Syiah Kuala)
Muhammad Sayuthi (Universtas Malikussaleh)
Salsabilla Julnadi (Politeknik Negeri Lhokseumawe)



Article Info

Publish Date
31 Oct 2026

Abstract

This study examines the potential of waqf to reduce economic inequality in Indonesia through a systematic literature review (SLR) guided by the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) framework. Relevant academic studies and institutional reports were systematically identified, screened, and synthesized to assess the redistributive role of waqf, particularly cash waqf, within Indonesia's Islamic social finance ecosystem. Drawing on income distribution and governance perspectives, the review identifies three potential mechanisms through which productive waqf may address economic inequality: income generation, asset-based economic empowerment, and improved access to financial and social services for disadvantaged communities. However, the literature provides stronger evidence of poverty alleviation and economic empowerment than of measurable reductions in income or wealth inequality. Governance limitations, low waqf literacy, and insufficient institutional coordination further constrain the realization of these redistributive benefits. The study highlights the need to strengthen waqf governance, enhance coordination between waqf institutions and formal financial intermediaries, and expand public participation in productive waqf initiatives.

Copyrights © 2026






Journal Info

Abbrev

ebis

Publisher

Subject

Economics, Econometrics & Finance Other

Description

The Journal that published by Faculty of Economic and Islamic Busines, State Institut for Islamic Studies (IAIN) Zawiyah Cot Kala Langsa, This journal focused on Islamic Economics and Finance studies. The Journal is published twice a year on April and October. The aim of the journal is to ...