Redefining Israf in Modern Economics: Analysis of the Interpretation of the Qur'an and Hadith as the Basis for Sustainable Economic Policy
DOI:
https://doi.org/10.65049/48c57y24Keywords:
economic policy, Islamic economics, israf, resources, sustainable economyAbstract
This study aims to analyze the relevance of the concept of israf in the Qur’an and Hadith and its implications for the formulation of sustainable economic policies in the context of the modern economy. The research method employed is qualitative library research, involving a systematic review of Qur’anic verses, Prophetic traditions, classical and contemporary tafsir works, as well as literature on Islamic economics and public policy. Data were analyzed using a descriptive-analytical approach by contextualizing religious texts within contemporary economic challenges. The results indicate that israf represents a normative principle emphasizing balance, efficiency, and responsibility in the consumption, production, and distribution of resources. This concept is highly relevant in addressing issues of excessive consumption, natural resource waste, and socio-economic inequality. The integration of the israf principle into sustainable economic policies—such as the promotion of renewable energy, efficient waste management, and equitable wealth distribution through Islamic economic instruments—has the potential to foster a more just and environmentally sustainable economic system. This study concludes that sharia-based economic policies grounded in the principle of israf can serve as a strategic alternative for achieving long-term social and economic sustainability.
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Copyright (c) 2026 Aulia Rahmi, Harmanto Raharjo, Afda Refani, Yulhasni Fitri (Author)
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