Journal of Economicate Studies

Islamic Marketing Strategy on Beef Sales at Muka Market, Cianjur Regency

Linda Lestari — 2025-10-05

The level of community need for animal food is still quite high because animal food is one of the main ingredients in meeting the nutritional needs of the community. This article examines how the implementation of an Islamic-based marketing strategy is carried out by one of the traders at the Muka Market, Cianjur Regency. The research method used is qualitative with the type of field research. Sources of data obtained from primary data and secondary data, with data collection used are interviews, document review, and observation, as well as analysis techniques with descriptive analysis method. The results of the discussion that in general H.Salim's trading kiosks have implemented the sharia concept and implemented sharia-based marketing strategies well following the example of the Prophet Muhammad SAW. In analyzing the marketing strategy carried out using a SWOT analysis (strengths, weaknesses, opportunities, and threats), the results obtained are that several things must be improved, such as management patterns and promotional strategies to maximize the level of profits obtained.

Navigating Progress and Obstacles in Indonesia’s Sharia Capital Market

Gilang Samudra — 2025-07-17

The Islamic capital market in Indonesia has evolved from its colonial roots into a dynamic financial system grounded in sharia principles. This study examines the development, prospects, and challenges of Indonesia’s Islamic capital market within the framework of Maqasid al-Shariah, stakeholder theory, and market efficiency. Using qualitative analysis and a review of recent empirical findings, the research highlights significant growth in sharia-compliant instruments, investor participation, and regulatory innovation, particularly under the OJK Roadmap 2020–2024. However, persistent challenges remain, including limited product diversity, regulatory overlap, and low financial literacy. The study underscores the need for ethical integration, technological innovation, and institutional synergy to ensure sustainable and inclusive market expansion. The findings contribute to strengthening the theoretical and practical foundations of Islamic finance as a pillar of Indonesia’s economic resilience and moral economy.

Evaluating the Contribution of Sukuk to Sustainable Infrastructure Financing in Indonesia

Wulan Sulistya Ambarwati — 2025-08-01

Infrastructure development plays a vital role in a country’s overall progress and competitiveness. According to the 2019 Global Competitiveness Report, Indonesia ranks 50th out of 141 countries, with infrastructure remaining one of its weakest indicators. This highlights the urgent need to accelerate infrastructure improvements. However, such development requires substantial financial resources that exceed the capacity of the state budget. To address this challenge, the Indonesian government has adopted sukuk (State Sharia Securities) as an alternative financing instrument. Since their initial issuance in 2008 through January 2020, sukuk issuances have reached IDR 1,230.44 trillion, with an outstanding value of IDR 738.37 trillion, financing 2,939 infrastructure projects across 34 provinces. These achievements demonstrate the significant and growing role of sukuk as a strategic instrument in supporting sustainable infrastructure development in Indonesia.

Sharia Financial Services Products Based on Muḍārabah Contract as a Form of Investment

Camelia Sofwan — 2025-08-17

This study explores sharia-based investment options, focusing on customer preferences for financial service products that utilize the muḍārabah contract as a form of investment. Employing a qualitative research approach, the data were sourced from scholarly publications related to muḍārabah-based investments. The data, presented in theoretical narratives, were analyzed using a descriptive-interpretive method to identify patterns and implications in Islamic financial practice. The findings reveal that muḍārabah-based investment products primarily operate through Sharia financial institutions, particularly in the form of muḍārabah savings and muḍārabah deposits. These instruments facilitate capital flow between surplus and deficit units in a profit-and-loss sharing framework, offering an ethical and Sharia-compliant investment alternative. This study underscores the importance of muḍārabah in promoting equitable, risk-sharing financial growth within the Islamic financial system.

Legal Challenges in the Trading of Sharia-Compliant Stocks in Indonesia: A Juridical and Sharia Perspective

Sarah Syakira — 2025-10-08

This article examines the legal challenges associated with the trading of Sharia-compliant stocks in Indonesia from both juridical and Sharia perspectives. The study highlights the complexities arising from the intersection of Islamic law principles and national capital market regulations. Using a qualitative descriptive approach, the research analyzes regulatory frameworks, fatwas issued by the National Sharia Council–Majelis Ulama Indonesia (DSN-MUI), and provisions from the Financial Services Authority (OJK). The findings reveal that despite the existence of a Sharia capital market framework, several legal ambiguities remain—particularly regarding compliance verification, investor protection, and dispute resolution mechanisms. The study emphasizes the need for harmonization between positive law and Sharia principles to strengthen legal certainty and investor confidence in Indonesia’s Islamic capital market. The paper contributes to the ongoing discourse on aligning financial innovation with Sharia compliance within the national regulatory structure.