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Journal of Economicate Studies
Published by Islamicate Institute
ISSN : -     EISSN : 25984799     DOI : -
Core Subject : Economy, Education,
Journal of Economicate Studies (JoES) is a publication dedicated to and focused on the scholarly study of all aspects of Economicate studies. This journal receives articles from lecturers and researchers who have the new and progressive issues on scholarly study of all aspects of Economicate related, but not limited to, microeconomics, macroeconomics, managerial economics, monetary economics, fiscal policy, public sector economics, development economics, economics of education, economics of health, labor economics, economics of philanthropy, and religion based economics, as well as ethical questions related to the economics available in the societies all around the world.
Arjuna Subject : -
Articles 5 Documents
Search results for , issue "Vol. 5 No. 2 (2021): Journal of Economicate Studies" : 5 Documents clear
Islamic Economic Perspectives on Sustainable Production and Environmental Stewardship Hartanto, Selamet; Amir Sup, Devid Frastiawan
Journal of Economicate Studies Vol. 5 No. 2 (2021): Journal of Economicate Studies
Publisher : Islamicate Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32506/joes.v5i2.890

Abstract

This article examines the interconnection between production and environmental sustainability through the lens of Islamic economics. It explores how core Islamic principles such as khilāfah (stewardship), mīzān (balance), maṣlaḥah (public interest), and ʿadl (justice) provide an ethical foundation for sustainable economic behavior. Using a qualitative approach rooted in document analysis, the study synthesizes classical Islamic teachings with contemporary environmental policy and sustainability science. The findings highlight the potential for operationalizing Islamic ethics through green sukuk, environmental waqf, and Shariah-based policy reforms. Unlike secular models that rely on external enforcement, Islamic ethics embed ecological care within spiritual obligations. The study offers a normative and practical framework that redefines production as a trust-oriented and ecologically responsible process. It contributes both theoretically and practically to developing faith-based models of sustainability, urging policymakers and institutions to integrate Islamic values into environmental governance and production systems.
The Influence of Market Reaction on Capital Structure Moderated by Economic Package Policies Nurhayati
Journal of Economicate Studies Vol. 5 No. 2 (2021): Journal of Economicate Studies
Publisher : Islamicate Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32506/joes.v5i2.892

Abstract

The economic crisis in Indonesia was influenced by the 2015 devaluation of China . This prompted the Government to issue an economic policy to stabilize the economy in Indonesia. This study aims to prove empirically how market reactions affect the capital structure before economic policy moderation. and the effect of market reactions on capital structure after being moderated by economic policies on property companies listed on the Indonesia Stock Exchange from 2015 to 2018. The dependent variable in this study is capital structure, the independent variable is market reaction and the moderating variable is economic policy. This study uses descriptive verification methods to determine the effect of market reactions on capital structure, and event study methods to determine how economic policies affect market reactions that will affect capital structure. by measuring the difference in abnormal returns and trading volume activity, which is a proxy for market reactions before and after the issuance of economic policies. Economic policy related to this research is economic policy related to property companies. The SPSS application was used in this study, and used moderated regression analysis. The results showed an increase in the effect of market reactions on the capital structure after the issuance of economic policies relating to property companies and economic policy moderation occurred which increased market reactions that had an effect on the capital structure. Economic policy is the application of development policies that encourage people to invest, which is reflected in market reactions which then affect the capital structure. This article examines how the concept of market reaction affects the structure of capital before and after the announcement of economic policy.
Cash Waqf Linked Sukuk: A Sharia-Compliant Model for Sustainable Development Paul, Wina; Faudji , Rachmad
Journal of Economicate Studies Vol. 5 No. 2 (2021): Journal of Economicate Studies
Publisher : Islamicate Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32506/joes.v5i2.893

Abstract

This study explores Cash Waqf Linked Sukuk (CWLS) as a Sharia-compliant financial innovation for sustainable Islamic economic development. By integrating the philanthropic principles of waqf with the structured investment potential of sukuk, CWLS serves as a blended model that aligns with maqāṣid al-sharīʿah. The research adopts a qualitative-descriptive approach, reviewing classical Islamic finance theory and modern policy implementations. Findings show that CWLS can finance key sectors such as education, healthcare, and infrastructure without burdening public budgets. It mobilizes dormant charitable capital, enhances financial inclusion, and institutionalizes ethical governance. The study also identifies implementation barriers, including regulatory fragmentation and institutional inefficiencies, and proposes solutions grounded in legal harmonization and capacity building. This research contributes conceptually by framing CWLS as an ethical investment vehicle and practically by offering policy directions for governments and waqf institutions. CWLS is shown to be a viable tool for long-term, inclusive, and spiritually guided development.
Mining and Motivation: Impacts on Al-Ishlah Bobos Islamic Cooperative Development Komarudin, Udin
Journal of Economicate Studies Vol. 5 No. 2 (2021): Journal of Economicate Studies
Publisher : Islamicate Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32506/joes.v5i2.894

Abstract

This study examines the socio-economic impact of C Gunung Kuda mining on the Al-Ishlah Bobos Islamic Boarding School Cooperative in Cirebon Regency, Indonesia. Drawing upon Maslow’s motivation theory, Islamic economic principles, and cooperative institutional models, it explores how extractive industrial activities influence member motivation and economic behavior. The research employs qualitative document analysis to uncover thematic patterns of behavioral change, institutional adaptation, and ethical tension. Findings reveal a shift from intrinsic, faith-driven motivation to extrinsic, profit-oriented engagement among cooperative members. Economic disruptions include declining collective investment and weakened operational stability. The cooperative faces a conflict between maintaining Islamic ethical standards and adapting to external industrial pressures. This study contributes to theoretical discourse by integrating religious and motivational frameworks and offers practical guidance for resilience in sharia-based cooperatives facing industrial encroachment. The implications highlight the need for policy alignment and ethical adaptation strategies to preserve cooperative sustainability and spiritual integrity.
Monetary Policy and Fiscal Policy for Economic Development in Indonesia Suyatna, Nano
Journal of Economicate Studies Vol. 5 No. 2 (2021): Journal of Economicate Studies
Publisher : Islamicate Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32506/joes.v5i2.891

Abstract

The Covid-19 pandemic is an extraordinary disaster, affecting all sectors and aspects of life globally. It needs government intervention, because it causes a significant increase in opposition to the economic development that is currently being built in Indonesia. The research method used a descriptive approach which was sourced from quantitative secondary data. The results show that there is an effect of monetary policy and fiscal policy on economic development in Indonesia, with the monetary and fiscal stimuli issued by the government. With this stimulus, it was able to boost unemployment and poverty levels so that they did not continue to increase. Monetary policy and fiscal policy are tools for economic development in order to maintain national economic stability and achieve the welfare of the Indonesian people.

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