The Implementation of Waqf to Actualize Economic Justice Based on Islamic Law

Abstract

Economic justice is one of the objectives of the implementation of Islamic economic system. Waqf is one of the instruments of Islamic economics. It is interesting to study the implementation of economic justice through waqf and how its regulation in Indonesia. This article employed normative juridical method. Based on the Article 22 of the Law Number 41 of 2004 on Waqf, the purpose of waqf is not solely for the purpose of ritual. It can also be used to realize economic prosperity. Based on these provisions, waqf can be managed for the economic empowerment of the people. This is related to the efforts of the improvement of the economic welfare of the people, especially for the weak economic class. According to Islamic teachings, distributive justice is economic justice based on the Holy Quran, Chapter al-Hasyr (59): 7. Waqf has the potential to create the economic balance of society. Because the principle of ownership, according to Islam, regulates that individuals or certain community members are not the only party who control the management of assets. The weak economic class also have the right. It is to avoid economic inequality. Thus, waqf is a solution to actualize economic justice in order to realize public welfare, which is one of Indonesia’s national goals as stated in the Preamble of the 1945 Constitution of the Republic of Indonesia.

Contextualization and Synergy of the Concept of Justice in Islamic Economic Development

“…The market in Indonesia emphasizes the principles of kinship, cooperation, and no harm to each other. This is in line with one of the stanzas in Pancasila, namely social justice for all Indonesian people (Lita, 2020).…”

“…In addition, it is still in the realm of implementing Islamic justice to pay attention to the realization of waqf. In this context, the government has formed a special agency to handle waqf on a national scale, namely BWI (Indonesian Waqf Agency) to see the significance and role of waqf for the economic growth and development of the ummah Contextualization and Synergy of ….. 828 (Lita, 2020). It is an instrument of Islamic philanthropy by carrying out the functions of goodness (al-birru), goodness (ihsan), and brotherhood (ukhuwah).…”

Tinjauan Ekonomi Syariah Terhadap Penggunaan E-Wakaf Serta Perannya Dalam Mendorong Generasi Muda Berwakaf

“…Wakaf merupakan salah satu instrumen dalam islam yang mampu menciptakan keadilan sosial masyarakat (Chapra, 2008). Wakaf merupakan solusi bagi peningkatan kesejahteraan masyarakat terutama dari segi pengentasan kemiskinan (Lita, 2020).…”