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Muhammad Ghafur Wibowo
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jurnalmagisterekonomisyariah@gmail.com
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Jl. Laksda Adisucipto, Papringan, Caturtunggal, Kec.Depok, Kabupaten Sleman, DIY Yogyakarta 55281
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INDONESIA
Jurnal Magister Ekonomi Syariah
ISSN : -     EISSN : 29639182     DOI : https://doi.org/10.14421/jmes
Core Subject : Economy,
Jurnal Magister Ekonomi Syariah is published by Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga, Yogyakarta, Indonesia. This journal is designed to provide a forum for researchers or academicians and also practitioners who are interested in knowledge and in discussing ideas, issues, and challenges in the field of Islamic economics. Special topics of interest include: Islamic Business Economics, Islamic Finance, Islamic Banking Management, Islamic Philanthropy, Islamic Financial Technology, and Management of Other Financial Institutions.
Articles 49 Documents
Environmental Sustainable Development Target In Indonesia: A VECM Analysis Basri; Herianti
Jurnal Magister Ekonomi Syariah Vol. 3 No. 1 Juni (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.031-01

Abstract

  Environmentally sustainable development is of utmost importance today. Amidst the global challenges of climate change and environmental degradation, Indonesia is facing an urgent situation to balance economic growth with environmental sustainability. This study examines the factors determining sustainable development targets in Indonesia using vector error correction models (VECM). This study uses economic and environmental data from 1992 to 2022 to analyze the relationship between energy consumption, urbanization, environmental policy stringency, and the environmental quality index. The tests used in this study include statistical tests, lag criterion tests, cointegration tests, VAR stability tests, and Granger causality tests. The study results indicate a long-term influence of the variables of energy consumption, urbanization, and environmental policy stringency on environmental quality. In the short term, urbanization has a significant positive effect on environmental quality in Indonesia. These findings emphasize the importance of strong environmental policy integration to mitigate environmental degradation and achieve sustainable development in Indonesia. Strategic policy recommendations for policymakers are to reduce the use of fossil fuels, switch to renewable energy, and implement a sustainable urbanization model by considering strategic urban spatial aspects.
Analisis Empiris Transaksi Non-Tunai Dan Variabel Ekonomi Terhadap Dinamika Pengganda Uang Di Indonesia Mahendra, Weri; Kusuma Tegar, Brian; Affandi, Akhsyim
Jurnal Magister Ekonomi Syariah Vol. 3 No. 1 Juni (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.031-06

Abstract

This research was conducted to analyze the effect of non-cash instruments, namely debit card transactions, credit card transactions, electronic money, and economic variables, namely interest rates and inflation on the money multiplier in Indonesia. The data analysis technique uses the Error Correlation Model via Eviews 9. The tests carried out are the stationarity test, cointegration test, and ECM model estimation. This study uses quantitative data types for 2012-2021 with a total of 120 observations. Data is sourced from the website of Bank Indonesia and the Central Bureau of Statistics (BPS). The results of the study show that debit transactions have no significant effect on the money multiplier in the short term. Meanwhile, in the long term, debit transactions have a positive and significant effect on the money multiplier number. Credit transactions have a significant negative effect on the short-term and long-term money multiplier numbers. Electronic Money and inflation show no significant effect in the long term or short term on the money multiplier number. Interest rates show a negative and significant effect on the money multiplier in the short term. Meanwhile, in the long run, interest rates do not have a significant effect on the money multiplier in Indonesia. The implication of the study is the need to encourage the use of debit transactions through education, infrastructure, and incentives, as well as stricter supervision and policies in granting credit given its negative effect on the money multiplier.
Determinan Peningkatan Urbanisasi Di Negara-Negara ASEAN Dafelia Qodhari; Khairul Umam Khudhori
Jurnal Magister Ekonomi Syariah Vol. 3 No. 1 Juni (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.031-05

Abstract

The inevitable phenomenon of urbanization will have a bad impact if it is not balanced with wise policies that cause inequality in welfare between villages and cities, especially in developing countries. This study aims to measure and explain the relationship between the minimum wage, job opportunities, education, and economic growth to increase urbanization. The population in this study is from ASEAN countries, with a sample size of 8 countries: Indonesia, Malaysia, Thailand, Vietnam, Cambodia, Laos, Myanmar, and the Philippines. This study uses panel data processed with the Fixed Effect Model (FEM) approach. The study's findings show that any increase in minimum wage, employment opportunities, and economic growth will encourage an increase in urbanization, whereas education has no significant effect on the increase in urbanization in ASEAN countries. This needs to be done equally in the development of villages and cities by the government so that there is no gap in wages and job opportunities that can increase urbanization, causing problems of population density, increased crime, slums, and high carbon emissions in urban areas.
Determinants of Environmental Quality in Yogyakarta: Panel-Data Approach Salwa Nabella Aksi Humanita; Ibnu Muhdir; Khoiruddin, Akhmad Yusuf
Jurnal Magister Ekonomi Syariah Vol. 3 No. 1 Juni (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.031-02

Abstract

Environmental degradation is an important issue that currently challenges the continuity of sustainable economic development in a big city like Yogyakarta. This study analyzes what factors affect environmental quality. By using annual panel data from 2017-2023 in Yogyakarta City and proposing Panel Data Regression Analysis as the analysis method. The results show that GDP and Education have a positive effect on Environmental Quality, Population has no significant effect on Environmental Quality, and Tourists have a negative effect on Environmental Quality. An increase in per capita income and getting a proper education will improve the quality of the environment. However, the increase in population has no effect because public awareness still needs to be improved in environmental conservation efforts. Tourists increase consumption, so environmental pollution is getting higher. The implications of this research are useful for the government to develop policies that focus on raising awareness and stricter environmental regulations in Yogyakarta.
Determinan Indeks Pembangunan Manusia Kawasan Timur Indonesia (KTI) Ayu Wandirah; Joko Setyono
Jurnal Magister Ekonomi Syariah Vol. 3 No. 1 Juni (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.031-04

Abstract

This paper examines how government expenditure affects the education and health sectors, economic growth, and labor force on HDI in 13 provinces in the Eastern Region of Indonesia (KTI) for 2015-2022. Using panel data regression, this paper studies whether the human development index correlates to government expenditure on the education and health sectors, economic growth, and the labor force in the province of KTI. The study's findings revealed that all exogenous variables in this paper were important factors that influenced human development in KTI during the 8-year observation period. This shows that the government has succeeded in improving the welfare of its people, which is reflected in the value of HDI in each KTI province which has increased in recent years. However, the government still has to continue striving for human development to improve its people's quality of life and standard of living. 
Mengestimasi Dampak Ekonomi Dari Kasus Pelarian Modal Di Indonesia Muhammad Akbar Ramadhani; Erissa Nilasari; Abdul Haris
Jurnal Magister Ekonomi Syariah Vol. 3 No. 1 Juni (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.031-03

Abstract

Indonesia faces a capital flight problem that fluctuates throughout the year, which could further affect the decline in Indonesian economic performance. The aim of the research was to test the relationship of capital flight with economic aspects such as national income, foreign debt, and tax revenues from 1990-2022. The estimates using the Vector Error Correction Model (VECM) model. The VECM estimates show that only the national income variables with a short-term and long-term relationship, the Granger causality test, informs there is no two-way causality relationship, and there is only a one-way causality relationship. The IRF and FEVD tests show that capital escape results in an increase in Indonesian foreign debt even though foreign debts eventually remain well-managed; on the other hand, capital evasion reduces national income and weakens the tax base in Indonesia because capital escapes are also in the form of tax evasion. Governments need to create economic stability to prevent capital evasion and improve tax compliance to avoid the widespread tax avoidance and evasion practices that lower tax revenues.
Jual Beli Online Dalam Perspektif Hukum Islam Risnawati, Heni; Nadhifah, Tuti; Rosita, Dian
Jurnal Magister Ekonomi Syariah Vol. 3 No. 1 Juni (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.031-08

Abstract

The aim of this research is to analyze the views of Islamic law towards online purchases and sales by considering sharia principles concerned. This research uses a qualitative approach to liberal research or literature study by searching primary sources in the form of books and journals related to this research. The results of the research show that online buying and selling according to Islamic law is permissible as long as the objects or goods being sold are not haram and do not contain elements of usury, fraud (gharar) and gambling (maisyir). The implication of this research is to provide knowledge about the behavior of trustworthy and legitimate sellers. in accordance with Islamic law.
Pengembangan Kurikulum Magister Ekonomi Syariah Perguruan Tinggi Keagamaan Islam Negeri (Ptkin) Di Era Revolusi Industri 4.0 Wibowo, Muhammad Ghafur
Jurnal Magister Ekonomi Syariah Vol. 3 No. 1 Juni (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.031-07

Abstract

The Master Program in sharia economics (MES) is one of the study programs that are widely available at State Islamic Religious Universities (PTKIN), consist of State Islamic Universities (UIN), State Islamic Institutes (IAIN), and State Islamic Colleges (STAIN). More than 30 of all PTKIN in Indonesia have MES study programs, but preliminary observations show that the curriculum content of the 30 MES programs is still varied and not standardized. This study aims to analyze the variability of the curriculum content of Islamic Economics Master Program at PTKIN in Indonesia and formulate a minimum curriculum content standard that should be applied in all Islamic Economics Master Program at PTKIN in Indonesia. The results showed that there are 13 recommended courses, namely microeconomics, macroeconomics, philosophy of Islamic economics, history of economic thought Islam, economic verses and hadith, usul Fiqh, Fiqh muamalah, Islamic economic systems and theories, research methods, econometrics, economic mathematics, Sharia digital financial economics, and thesis. The choice of courses is based on accommodation to economic theory, Sharia Science, Industrial Revolution 4.0, SNPT fulfillment, KKNI fulfillment, and Outcome Education Education (OBE) base. In addition, the compulsory courses are also in line with the courses taught in the master's program in economics (MIE) at the PTUN, which in fact are more established and more experienced.  Finally, the compulsory subjects are also generally in line with the academic terms of reference of the S1 Islamic Economics Study program issued by KNEKS.
The Effect Of Financial Performance, Environmental Performance, Tax Avoidance, And Gender Diversity On Sustainable Development Goals (SDGs) Novita Ayu Amalikhah; Slamet Haryono
Jurnal Magister Ekonomi Syariah Vol. 3 No. 2 Desember (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.032-01

Abstract

The purpose of this study is to determine the influence of financial performance, environmental performance, tax avoidance, and gender diversity on sustainable development goals (SDGs). Based on the background and after deepening the literature, the researcher found a research gap from previous research that examined the relationship between the Company and the SDGs. Until now, research that connects the influence of financial, environmental, and diversity factors on achieving the SDGs is still minimal. Therefore, this study aims to analyze the influence of the current ratio, free cash flow, environmental performance, tax avoidance, and gender diversity in the board on the company's contribution to supporting the SDGs goals. This research is expected to contribute to academic literature and business practices related to the role of companies in sustainable development. This study uses a quantitative approach. The population in this study is all companies listed in the DES (Sharia Securities List) that have annual reports and sustainability reports for the 2021-2023 period. The sampling technique used in this study is purposive sampling. The sample in this study is 70 companies. The data collection technique in this study is using documentation techniques. The hypothesis test in this study uses the formula 1) T-test, 2) F-test, and 3) Determination Coefficient Test. Based on the results of the data analysis processed and the discussion that has been described by the researcher, the following conclusions are reached: 1) The current ratio of companies has a positive effect on the SDGs. This is because companies that show greater liquidity and profitability tend to have the necessary resources to support the SDGs. 2) Free cash flow does not influence the SDGs. This can happen because free cash flow only shows the availability of funds, and how the funds are used.  3) Environmental performance has a positive effect on the SDGs. This can happen because by increasing environmental performance, companies can help support the global goals (SDGs) related to environmental sustainability. 4) Tax avoidance carried out by companies will hurt the SDGs. This is because taxes are one of the largest revenues owned by the state. 5) Board gender diversity has a positive influence on the SDGs. This happens because the level of equality in the board can encourage an inclusive work culture and will have an impact on company productivity.
Realizing the SDGs Through the Development of Islamic Finance: Its Impact on Environmental Quality, Economic Growth, and Population in All Provinces of Indonesia Ivanka, Meitia; Siregar, Suci Wulandari; Dharmawan, Annisa Zahrina
Jurnal Magister Ekonomi Syariah Vol. 3 No. 2 Desember (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.032-02

Abstract

Indonesia faces significant challenges in achieving sustainable development, amidst increasing air pollution, social inequality, and the need to improve public welfare. In efforts to optimize Islamic Financial Development (IFD) as an instrument to support the Sustainable Development Goals (SDGs), this study aims to explore its impact on Environmental Quality (EQ), Economic Growth (GDP), and Population (POP) across all provinces in Indonesia. Using the Panel Vector Error Correction Model (PVECM), the study finds that IFD has a negative effect on air quality (EQ), although this impact is not significant in both the short and long term. On the other hand, economic growth (GDP) shows a significant negative impact on environmental quality, with an increase in GDP contributing to a reduction in air pollution. Meanwhile, population (POP) has a significant negative impact on environmental quality, meaning that although an increase in population may worsen air quality, proper environmental policies can mitigate its negative effects. The findings of this study suggest that the integration of the Islamic finance sector with effective environmental policies is crucial for accelerating the achievement of SDGs in Indonesia, with attention to the specific characteristics of different regions.