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Contact Name
Muhammad Ghafur Wibowo
Contact Email
jurnalmagisterekonomisyariah@gmail.com
Phone
+628156886013
Journal Mail Official
jurnalmagisterekonomisyariah@gmail.com
Editorial Address
Jl. Laksda Adisucipto, Papringan, Caturtunggal, Kec.Depok, Kabupaten Sleman, DIY Yogyakarta 55281
Location
Kab. sleman,
Daerah istimewa yogyakarta
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 64 Documents
Digital Zakat and Waqf for Environmental Sustainability: A Global Bibliometric and Thematic Review Haryani Santo Hartono; Fahad Babangida
Jurnal Magister Ekonomi Syariah Vol. 4 No. 2 Desember (2025): 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/j-mes.2025.%x

Abstract

Zakat and waqf are being seen as strategic applications in the realm of Islamic social finance as a tool to promote sustainable development. Although many studies focused on their role in solving poverty and social economic inequality, they have little depicted little in the realms of literature dealing with environmental sustainability. This paper aims to analyze how the concept of digital transformation of zakat and waqf is presented in the academic discourse in order to answer the environmental concerns. This paper adopts a bibliometric and thematic study to trace the cycle of global academic outputs, in the context of papering on zakat, waqf, digital innovation and environmental goals- as identified in Scopus database. An analysis also identifies some of the central themes of sustainability, developing ideas like green waqf, and the use of the digital platforms within financing the development of sustainable environmental projects. It is also reflective of how well these tools serve the purpose of Maqasid al-Shariah and the sustainability agenda on a global scale. This review will produce findings that can be useful to the understanding of gaps in research, as well as leading to the establishment of the path to support the improvement in the role that zakat and waqf can play on the environment through innovation and intersectoral collaboration. This helps to further the changes of Islamic charity in the age of the digital world.
Integrating Cash Waqf Linked Green Sukuk with Contract Farming: A Strategy Model for Sustainable Agriculture Syahrir Akbar; Gevin Kurniawan; Rehan Perdana Putra
Jurnal Magister Ekonomi Syariah Vol. 4 No. 2 Desember (2025): 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/j-mes.2025.%x

Abstract

The agricultural sector remains a backbone of developing economies, including Indonesia, yet faces persistent challenges such as low productivity, unequal infrastructure, and unstable Farmers’ Exchange Value (NTP). Meanwhile, the potential of Islamic social finance through cash waqf and sharia-based instruments is still underutilized for sustainable development. This study proposes a model linking Cash Waqf Linked Green Sukuk (CWLGS) with contract farming as a financing strategy for sustainable agriculture based on maqāṣid al-sharī‘ah. CWLGS integrates cash waqf managed by Islamic Financial Institutions Receiving Cash Waqf (LKS-PWU) and invested in green sukuk to finance environmentally friendly projects. The returns are distributed by nazir to support farmers’ capital, production facilities, and mentoring within contract farming schemes involving state or regional enterprises (BUMN/BUMD). Using a qualitative descriptive approach, this research applies literature review, Business Model Canvas, stakeholder mapping, and SWOT analysis. The findings show dual benefits: maintaining the waqf principal and providing sustainable financing for agriculture. Implementation opportunities arise from sharia credibility, regulatory support, and green investment trends, while challenges include managerial capacity, waqf literacy, and market or environmental risks. Optimization strategies involve human resource development, commodity diversification, digital monitoring, and transparent reporting. From a maqāṣid al-sharī‘ah perspective, the model preserves religion, life, intellect, lineage, and wealth, serving as an innovative sharia-based mechanism for sustainable agriculture and SDGs achievement in Indonesia. Keywords: Cash Waqf, Contract Farming, Green Sukuk, Sustainability
Exploring The Roots of Human Development: The Role of Poverty, Unemployment, and Educatiion in Indonesia Susilawati; Abdul Haris
Jurnal Magister Ekonomi Syariah Vol. 5 No. 1 Juni (2026): 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/j-mes.2026.051-02

Abstract

The Human Development Index (HDI) is a measure of the level of community welfare as seen from three main indicators, namely education, health, and income. The HDI is an important benchmark in assessing the quality of life of the community and the effectiveness of a country's development. One of the strategic efforts to improve the quality of life of the Indonesian people is to pay attention to socio-economic factors that influence the HDI, such as poverty, unemployment, and education. This study aims to analyze the influence of these three factors on the HDI in Indonesia in the period 2014–2023. The approach used is a quantitative approach with a panel data regression analysis method. The data used are secondary data from official national sources, and data processing is carried out using EViews 13 software. The results of the analysis show that partially, the poverty and education variables have a significant influence on the HDI in Indonesia, while the unemployment variable does not have a significant effect. However, simultaneously, the three variables together have a significant effect on the HDI during the study period. This finding emphasizes the importance of strategies for improving education and poverty alleviation in efforts to improve the quality of life of the community. The novelty of this study lies in the coverage of more up-to-date post-pandemic data and the panel approach that provides a dynamic picture across time and region. These results provide policy implications that poverty reduction and increasing access to education need to be top priorities in human development planning in Indonesia.  
The Impact of Macroeconomic Variables and Political Events on the Jakarta Islamic Index Yudi Chandra Harahap; Hikmah Endraswati; Ibnu Muhdir
Jurnal Magister Ekonomi Syariah Vol. 5 No. 1 Juni (2026): 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/j-mes.2026.051-01

Abstract

The inconsistency of research findings regarding the influence of macroeconomic variables on the Islamic stock market, along with the increasing role of non-economic factors such as political events, indicates that the dynamics of the Jakarta Islamic Index (JII) cannot be fully explained solely by macroeconomic indicators. This study aims to analyze the effects of inflation, the rupiah exchange rate, the BI Rate, sectoral production indices (mining, manufacturing, and construction), foreign exchange reserves, and political events on the JII during the 2022–2024 period using monthly time-series data. This study employs a multiple linear regression model with the Efficient Market Hypothesis and Behavioral Finance as its theoretical foundations. The results indicate that the BI Rate and sectoral production indices have a positive and significant effect on the JII, while inflation, the exchange rate, and foreign exchange reserves do not have a significant effect. In addition, political events, proxied by the official certification of the presidential election results, are found to have a positive and significant effect on the JII. These findings suggest that non-economic factors play an important role in influencing the dynamics of the Islamic stock market. Therefore, market analysis should consider not only fundamental factors but also investor expectations and sentiment.