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Kemakmuran Hijau: Jurnal Ekonomi Pembangunan
Published by Institute for Advanced Science, Social, and Sustainable Future
ISSN : -     EISSN : 30628547     DOI : https://doi.org/10.61511/jekop.v2i1
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
Aims: JEKOP aims to advance the field of development economics with a strong emphasis on green and sustainable prosperity. The journal seeks to provide a platform for innovative research that explores the intersection of economic development and environmental sustainability. By publishing high-quality studies, JEKOP aims to contribute to the formulation of strategies and policies that promote sustainable economic growth while addressing environmental concerns. Focus: The journal focuses on research that integrates economic development with green and sustainable practices. It highlights studies that examine how economic growth can be achieved in harmony with environmental sustainability, including the role of green technologies, sustainable resource management, and eco-friendly policies. The emphasis is on research that provides actionable insights and solutions for achieving a balance between economic prosperity and environmental stewardship. Scope: This journal seeks to publish a broad range of scholarly articles, including: 1. Green Economic Growth: Research on strategies and policies that promote economic growth while minimizing environmental impact, including green investments, sustainable industries, and low-carbon technologies. 2. Sustainable Resource Management: Studies focusing on the management of natural resources in a way that supports long-term economic development and environmental health, including practices related to energy, water, and land use. 3. Environmental Impact Assessments: Analysis of the environmental impacts of economic development projects and policies, including methods for evaluating and mitigating adverse effects. 4. Eco-Friendly Technologies and Innovations: Exploration of technological advancements and innovations that contribute to sustainable development, including renewable energy technologies, waste reduction systems, and green manufacturing processes. 5. Economic Policies and Regulations: Examination of economic policies and regulatory frameworks that support sustainable development, including incentives for green practices, environmental regulations, and sustainability standards. 6. Case Studies in Green Development: Detailed case studies showcasing successful examples of integrating economic development with environmental sustainability, providing practical insights and lessons learned.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekomomi dan Ekonometrika
Articles 4 Documents
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Search results for , issue "Vol. 3 No. 1: (February) 2026" : 4 Documents clear
Mapping the emerging landscape of green waqf: A scoping review of Islamic philanthropy for the environment Santoso, Aditya Budi
Kemakmuran Hijau: Jurnal Ekonomi Pembangunan Vol. 3 No. 1: (February) 2026
Publisher : Institute for Advanced Science, Social, and Sustainable Future

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61511/jekop.v3i1.2026.2811

Abstract

Background: Green waqf refers to the utilization of Islamic endowments for environmental conservation while simultaneously generating socio-economic benefits for communities. Beyond its practical dimension, green waqf carries significant academic value as it bridges Islamic finance, sustainable development, and public policy. This study aims to synthesize and analyze existing literature on green waqf to provide a comprehensive understanding of its conceptual development and practical implementation. Methods: Employing a scoping review approach, this research systematically maps the evolution of green waqf studies, identifies research gaps, and offers policy insights for optimizing its implementation. The analysis draws on secondary data from English-language scholarly publications published between 2015 and 2020, retrieved primarily from Google Scholar and Scopus databases, with an emphasis on open-access sources. Following the PRISMA-ScR guidelines to ensure transparency and accountability. Findings: The review identifies five thematic domains: (1) Conceptual and Theoretical Foundations of Green Waqf, (2) Descriptive-Analytical Studies (Practice Mapping), (3) Practical and Model Implementation, (4) Governance, Regulation, and Institutional Framework, and (5) Public Awareness, Education, and Socio-Religious Engagement. Findings reveal that research on green waqf remains dominated by conceptual studies, mainly focusing on foundational frameworks, strategic formulations, and proposed models, while empirical analyses remain scarce. Conclusion: Despite widespread acknowledgment of green waqf’s strategic potential to address socio-environmental challenges, its realization is hindered by institutional limitations, human resource capacity, regulatory constraints, and low public awareness. Strengthening the green waqf ecosystem therefore requires cross-sectoral policy harmonization among religious, forestry, energy, and financial institutions. Novelty/Originality of this article: The novelty of this study lies in its comprehensive mapping of green waqf research over the past decade, elucidating five thematic domains that clarify both theoretical and practical trajectories of green waqf development.
Fixed return green sukuk ijarah: Normative-philosophical analysis hifdz al-mal and hifdz al-bi'ah for ecological stability Rahmawati, Ai; Ummah, Shofiyatul; Mathar, Ahmad Rifat
Kemakmuran Hijau: Jurnal Ekonomi Pembangunan Vol. 3 No. 1: (February) 2026
Publisher : Institute for Advanced Science, Social, and Sustainable Future

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61511/jekop.v3i1.2026.2822

Abstract

Background: Green sukuk has emerged as a strategic Islamic financial instrument that integrates economic development with environmental preservation while reflecting the contemporary application of Sharia principles in sustainable finance. This study aims to examine the normative and philosophical validity of fixed return guarantees in ijarah-based green sukuk through the perspectives of hifdz al-māl (protection of wealth) and hifdz al-bī’ah (protection of the environment), building on prior studies that discuss green Islamic finance, sukuk structures, and maqasid-oriented investment models. Methods: Using a normative-philosophical approach, this research analyzes classical jurisprudential principles, contemporary regulatory frameworks, and conceptual discourse on Sharia-compliant sustainability finance. Findings: The study finds that fixed return guarantees can reduce market volatility risks and enhance the continuity of renewable energy and climate-related projects, thereby aligning with Sharia objectives of safeguarding assets through accountable fund management and promoting environmental sustainability through support for green initiatives. The results also demonstrate coherence between the theoretical framework of maqasid al-sharia and the practical structure of ijarah green sukuk. Conclusion: Fixed return guarantees in ijarah-based green sukuk are normatively acceptable and philosophically compatible with the goals of economic resilience and ecological balance in Islamic finance. Novelty/Originality: This article offers an integrative assessment of fixed return mechanisms in green sukuk through a dual maqasid lens, establishing a new theoretical linkage between asset protection and environmental preservation within Sharia-compliant investment structures.
Analysis of the influence of social and economic dimensions on sustainable development through environmental performance as a mediating variable: A structural equation modeling-partial least squares approach Khaerunisa, Almira Cindy
Kemakmuran Hijau: Jurnal Ekonomi Pembangunan Vol. 3 No. 1: (February) 2026
Publisher : Institute for Advanced Science, Social, and Sustainable Future

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61511/jekop.v3i1.2026.3109

Abstract

Background: Sustainable development demands a balance between social, economic, and environmental dimensions. This study aims to analyze the influence of social and economic dimensions on sustainable development with environmental performance as a mediating variable using the Structural Equation Modeling-Partial Least Squares (SEM-PLS) approach. Methods: This study uses secondary data from the Indonesian Sustainable Development Indicators (SDGs) report Volume 8 for 2023. The research variables consist of economic, social, environmental, and sustainable development dimensions which are analyzed using SmartPLS 4.0 software to assess validity, reliability, and relationships between constructs. Findings: The results show that economic variables have a significant negative effect on sustainable development (β = −0.930; p = 0.000), while social variables have a positive effect (β = 0.188; p = 0.093). Social variables significantly influence environmental performance (β = 0.516; p = 0.008), whereas economic and environmental variables do not significantly affect sustainability. The model shows strong explanatory power for sustainable development (R² = 0.848) but weak for environmental performance (R² = 0.265). Conclusion: The results show that the economic dimension has a significant negative effect on sustainable development, while the social dimension has a positive but insignificant effect. Environmental performance does not mediate the relationship between social and economic factors on sustainable development. However, the high R² value indicates that the model has strong explanatory power. Sustainable development in Indonesia is still dominated by economic factors, while social and environmental aspects have not provided optimal contributions. Novelty/Originality of this article: This research's novelty lies in the use of Indonesia's 2023 SDGs indicator data using the SEM-PLS approach to test the role of environmental performance as a mediating variable. The results provide a new empirical perspective on the imbalance of sustainable development pillars in developing countries.
Review of sustainable finance-based financing regulations in Indonesia: Analysis of regulatory responses to global environmental financing developments Annas, Muhammad Lazuardi
Kemakmuran Hijau: Jurnal Ekonomi Pembangunan Vol. 3 No. 1: (February) 2026
Publisher : Institute for Advanced Science, Social, and Sustainable Future

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61511/jekop.v3i1.2026.3195

Abstract

Background: Indonesia is committed to lowering carbon emissions and supporting Environmental, Social, and Governance (ESG) principles to achieve sustainable development goals. This commitment is operationalized through regulations in the financial industry, such as requiring banks to fund green portfolios. This study analyzes how Indonesia’s current sustainable finance regulations respond to emerging global developments in environmental financing. Methods: This qualitative research utilizes a normative juridical approach, relying on library study to trace and analyze formal written legal texts. The analysis employs conceptual norm analysis to examine concepts within sustainable financing regulations. Theoretically, the regulations are analyzed using Yusuf al-Qaradhawi’s concept of environmental preservation (ra’iyah al-bi’ah). Findings: The research found that POJK 51/2017 offers a structured and ambitious response, aligning fundamentally with global ESG values through its eight Sustainable Finance Principles. This supports al-Qaradhawi's theory requiring enforceable legislation for environmental protection. However, the regulatory scope is limited compared to international benchmarks, and the administrative sanctions are considered inadequate for effective compliance. Conclusion: While establishing robust process-based mechanisms, such as the RAKB and mandatory Sustainability Reports, the effectiveness of Indonesian regulation is challenged by its weak enforcement and optional independent verification. Structural reforms are crucial to enhance regulatory credibility and meet stringent global environmental expectations. Novelty/Originality of this article: This study offers novelty by analyzing Indonesian sustainable finance regulations in direct response to the trajectory of global sustainable finance standards and taxonomies. Furthermore, it utilizes a unique theoretical framework by assessing the regulations based on Yusuf al-Qaradhawi's concept of environmental preservation (ra’iyah al-bi’ah). This integrated legal-theological assessment provides novel insight into the regulatory response to global demands.

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