ANALISIS KONTRIBUSI INSTRUMEN INVESTASI SYARIAH MELIPUTI SUKUK DAN REKSADANA SYARIAH DALAM MENDUKUNG PERTUMBUHAN EKONOMI BERKELANJUTAN DI NEGARA-NEGARA MUSLIM BERKEMBANG

Infrastructure development plays an important role in promoting sustainable economic growth, especially in member countries of the Organization of Islamic Cooperation (OIC). The purpose of this study is to understand how different types of infrastructure, such as digital, physical and non-physical infrastructure, investment, investment and human development index (HDI) impact sustainable economic growth. This study uses data from 52 OIC member countries over the period 2022-2023. To analyse the data, a statistical method called Estimated Generalized Least Squares (EGLS) is used, which is specifically designed to overcome differences in conditions between countries in the data. This method helps to obtain more accurate results despite the imbalance or variation of data between countries. The results of this study show that non-physical infrastructure and HDI have a positive and significant influence on sustainable economic growth. Non-physical infrastructure, such as institutions and basic services can help strengthen the economic system. HDI also plays an important role in improving the quality of human resources. Meanwhile, physical infrastructure, digital infrastructure and investment have not shown a significant direct effect. Therefore, it is recommended that the governments of OIC countries focus on strengthening institutions and improving diverse human qualities to support inclusive and sustainable economic growth.

The purpose of this study is to analyze the determinants or factors that determine the decision to invest in Islamic Mutual Funds through online platforms, using the Theory of Planned Behavior (TPB). This study measures one dependent variable, namely the decision to invest in Islamic Mutual Funds through online platforms and six independent variables, namely Islamic financial literacy, Islamic mutual fund investment literacy, benefit perception, technological advancement, investment risk and investment return. The research is quantitative in nature, using primary data. Data collection was conducted with the dissemination of questionnaires to respondents in Greater Jakarta Area who have accessed online platforms to invest in Islamic Mutual Funds. This study then uses SEM-PLS (Structural Equation Modeling-Partial least Square) analysis with SmartPLS software to analyze the data. The study shows that Islamic Financial Literacy and Investment Literacy of Islamic Mutual Funds have a negative and significant influence on the decision to invest in Islamic Mutual Funds Online. While the variables of perception of benefits, technological advances, investment risk and investment return have no influence on the decision to invest in Islamic Mutual Funds Online. Thus, the better the level of literacy or understanding of Islamic finance and the investment literacy of Islamic mutual funds, the more people's decisions to invest in sharia-compliant mutual funds through online platforms.

Islamic investment has become a strategic instrument in Indonesia's economic development, not only as a means of fundraising but also as a driver of inclusive and sustainable growth. This study aims to analyze the role of Islamic investment in encouraging Indonesia's economic growth, focusing on its contribution to national economic stability and fiscal sustainability. The research uses a descriptive qualitative approach with an in-depth literature study method on secondary data from the Financial Services Authority (OJK), the Central Statistics Agency (BPS), and recent scientific publications. The results show that Islamic investment, through instruments such as sukuk (SBSN), Islamic stocks, and Islamic mutual funds, contributes significantly to infrastructure development financing, increased financial inclusion, and stabilization of the financial system. The basic Sharia principles that avoid speculation (gharar) and usury create better resilience to economic shocks, thereby supporting macroeconomic stability. Furthermore, government project financing through Sovereign Islamic Securities (SBSN) provides an alternative financing solution that positively impacts fiscal sustainability by reducing reliance on conventional debt. These findings confirm the importance of strengthening the Islamic investment ecosystem through education, product innovation, and supportive regulations to maximize its contribution in accelerating Indonesia's economic growth.Islamic investment has become a strategic instrument in Indonesia's economic development, not only as a means of fundraising but also as a driver of inclusive and sustainable growth. This study aims to analyze the role of Islamic investment in encouraging Indonesia's economic growth, focusing on its contribution to national economic stability and fiscal sustainability. The research uses a descriptive qualitative approach with an in-depth literature study method on secondary data from the Financial Services Authority (OJK), the Central Statistics Agency (BPS), and recent scientific publications. The results show that Islamic investment, through instruments such as sukuk (SBSN), Islamic stocks, and Islamic mutual funds, contributes significantly to infrastructure development financing, increased financial inclusion, and stabilization of the financial system. The basic Sharia principles that avoid speculation (gharar) and usury create better resilience to economic shocks, thereby supporting macroeconomic stability. Furthermore, government project financing through Sovereign Islamic Securities (SBSN) provides an alternative financing solution that positively impacts fiscal sustainability by reducing reliance on conventional debt. These findings confirm the importance of strengthening the Islamic investment ecosystem through education, product innovation, and supportive regulations to maximize its contribution in accelerating Indonesia's economic growth.

Analysis of energy consumption structure on CO[formula omitted] emission and economic sustainable growth

This study focuses on analyzing the impact of Islamic financial literacy on the interest in investing in the Shariamarket. Islamic financial literacy involves a deep understanding of financial principles that comply with Islamic law, including zakat, riba, and the principle of justice in financial transactions. The growing awareness of halal and Sharia-compliant investments suggests that Islamic financial literacy can be a decisive factor in investment decisions. This study uses a quantitative method by distributing questionnaires to 200 respondents, comprising prospective investors and active investors in the Sharia capital market. The results of the study indicate that higher levels of Islamic financial literacy positively correlate with greater interest in investing in Sharia capital market instruments such as sukuk and Sharia mutual funds. These findings highlight the need for more intensive Islamic financial education programs to improve public literacy and support the development of the Sharia capital market in Indonesia. Supporting policies and innovations in Sharia investment products are also identified as crucial factors in encouraging investment interest. Thus, this study concludes that enhancing Islamic financial literacy can play a significant role in advancing the Sharia capital market and supporting a more inclusive Islamic economy. This research demonstrates that Islamic financial literacy significantly influences investment interest in the Sharia capital market. Investors with a solid understanding of Islamic financial principles such as riba (usury), zakat (almsgiving), and profit-sharing are more likely to opt for Sharia-compliant investment products like sukuk (Islamic bonds) and Sharia mutual funds. The study underscores the importance of comprehensive financial education programs and the availability of accessible information to enhance Islamic financial literacy among the public. These efforts are expected to increase participation in the Sharia capital market and support more inclusive and sustainable economic growth in Indonesia.

The Brundtland Commission Report of 1987 laid out the case for ongoing economic growth as an essential prerequisite for sustainable development. This paper identifies reasoning utilized in that Report to support the idea of ‘sustainable economic growth’. The paper then argues that this economic progrowth bias has continued to represent the dominant, mainstream viewpoint within the sustainable-development movement. In a similar vein, the paper suggests widespread support for the idea of ‘smart growth’ as a form of ‘sustainable urban growth’ capable of advancing the end of sustainable cities. The purpose of the paper is to make the case for the intrinsically unsustainable nature of economic and urban growth. Included among the results of the paper are references to publications from the 1990s and the current decade revealing mounting evidence of existent ecological limits to growth. As its central conclusion the paper argues that continued allegiance to the idea of ‘sustainable growth’ constitutes a major impediment to realizing the ends of sustainable development and sustainable cities.

Background: The rapid advancement of technology has significantly influenced financial literacy and infrastructure, which are essential for effective financial management. Technological progress has also reshaped investor behavior in managing investment portfolios. Islamic financial literacy plays a crucial role in shaping students’ interest in investment. Additionally, the Islamic online trading system serves as an essential platform that facilitates investment activities. Previous studies have emphasized the importance of financial literacy in investment decisions, but there is a need to examine how Islamic financial literacy interacts with online trading platforms in influencing students’ investment interest. Methods: This study employs a quantitative research approach. The sample was selected using incidental sampling, and data were collected through questionnaires. The data were analyzed using path analysis to determine the direct and indirect effects of Islamic financial literacy on students' investment interest, with the Islamic online trading system as a mediating variable. Findings: The findings indicate that Islamic financial literacy significantly influences the use of the Islamic online trading system. Furthermore, Islamic financial literacy has a direct and significant effect on students' investment interest. The results also show that the use of the Islamic online trading system significantly impacts students’ interest in investing in the Islamic capital market. Additionally, the study confirms that Islamic financial literacy indirectly affects investment interest through the mediating role of the Islamic online trading system. Conclusion: Islamic financial literacy is a critical factor that enhances students' interest in investing in the Islamic capital market, both directly and through the use of the Islamic online trading system. These findings highlight the importance of integrating financial education and digital platforms to foster greater participation in Sharia-compliant investments. Novelty/Originality of this article: This study contributes to the existing literature by examining the mediating role of the Islamic online trading system in the relationship between Islamic financial literacy and students’ investment interest. The findings provide new insights into the impact of digital financial platforms on investment behavior, particularly within the context of Islamic finance.

Introduction. The strategic goals of our state's development for the period up to 2030 are to improve nutrition, promote sustainable agricultural development, and promote progressive, inclusive and sustainable economic growth. The solution of certain goals is possible due to organic production and the formation of a resource-saving model of sustainable economic growth. That is why the formation of sustainable economic growth on the basis of organic production and resource-saving model is quite relevant in modern conditions. The aim of the article is to form sustainable economic growth on the basis of organic production and resource-saving model. Results. It is proved that the concept of sustainable development is given to sustainable land use and agricultural production. It is determined that in order to achieve the sustainability of the world community, agriculture was given, as now, a special role: it must, together with the relevant service infrastructure to compensate for the dominance of industrial production and ensure social and economic development and environmental protection. Conclusions. It is substantiated that sustainable economic growth should be considered as a process of forming a holistic system that includes factors of economic, environmental and social orientation and ultimately creates the conditions for effective provision of both food needs and a favorable living environment in rural areas on the basis of self-reproduction and resource conservation. It is determined that sustainable economic growth is formed on the basis of balanced production potential, reproduction of means of production, sustainable growth of food industry, balanced use of nature, reproduction of natural resources of future generations, raising the level of rural areas, reproduction of resources. Keywords: sustainable economic growth, resource-saving model, organic production, agricultural production.

The Sharia financial industry has developed rapidly, including Sharia banks, capital markets, and other financial products, thus providing more choices to investors who want to invest per Sharia principles. This study investigated the impact of minimum capital, Islamic financial literacy, investment risk, returns, and social media on the investment decisions of Generation Z in Islamic mutual funds. The data was collected from a questionnaire distributed in Jakarta, which yielded 390 valid responses. Regression analysis revealed that minimum capital, financial literacy, investment risk, returns, and social media significantly influence investment decisions in Islamic mutual funds. The study found that social media and investment risk were the two most significant factors affecting investment decisions, followed by minimum capital, returns, and financial literacy. The minimum capital of investors' decision-making in Sharia mutual fund investment has yet to be thoroughly explored in the literature, especially in the Indonesian context. Moreover, this study contributes to the behavior of Gen Z investors in the Islamic investment research area.

This study investigates the relationship between sustainable economic growth and foreign direct investment (FDI) in Saudi Arabia from 1980 to 2023. The ARDL approach and VECM technique are employed to analyze the short-run and long-run dynamics. The short-run results show mixed effects. Sustainable economic growth has a positive impact on current and one-period lagged FDI but a negative impact on the two periods lagged. Trade openness and infrastructure negatively affect FDI in the short run. Interestingly, oil rents and real economic growth also have negative short-run impacts on FDI, but these effects become positive with a longer lag. Long-run analysis reveals a negative relationship between trade openness, infrastructure, and oil rents with FDI, suggesting a potential crowding-out effect. Trade openness has a positive long-run impact on most variables, including sustainable growth, FDI, real growth, and CO2 emissions. Oil rents also have a positive long-run impact on these variables. This study finds six bidirectional causal relationships in the short run, primarily between trade openness, infrastructure, oil rents, and FDI. Unidirectional causality runs from oil rents, trade openness, exchange rate, sustainable growth, and real growth to FDI and infrastructure. Additionally, CO2 emissions cause FDI, and trade openness causes sustainable growth. While sustainable economic growth benefits FDI in the long run, short-term policies regarding trade openness and infrastructure require reevaluation. Oil revenue and real economic growth may initially deter FDI, but this reverses in the long term. To attract sustainable FDI, policymakers should focus on long-term economic growth strategies and consider reforms in trade and infrastructure policies. A comprehensive FDI strategy that moves beyond oil dependence and leverages trade openness is crucial to long-term economic diversification.

Promoting decent work and sustainable economic growth within the framework of Sustainable Development Goal 8 (SDG 8) entails addressing gender inequality, the consequences of market economies, and the role of the informal sector while also considering environmental sustainability. Research on SDG 8 remains limited, often adopting an appraisal perspective, and the concept of decent work within this goal remains relatively unexplored. Additionally, the focus on the challenges and inadequacies of achieving sustainable economic growth through decent work in the context of SDG 8 is insufficient, resulting in significant knowledge gaps. To contribute to filling these gaps, this paper adopts a descriptive and critical review perspective, systematically analyzing 108 journal papers and reports to investigate the concept of decent work within SDG 8. The research addresses the challenges and inadequacies related to decent work embedded in SDG 8. The review reveals that while progress has been made in tackling gender inequality in the labor market, gender bias, income discrepancies, and underrepresentation of women in senior positions persist, hindering inclusive and sustainable economic growth, full and productive employment, and decent work for all - SDG 8. Moreover, SDG 8's focus on inclusive and sustainable development falls short of effectively addressing market economies' structural disparities, insecure working conditions, and exploitative labor practices. Additionally, support for informal sector workers, who lack essential rights such as legal protection and social security, remains insufficient. Ecological destruction is sometimes an unintended consequence of purely market-based labor markets with an emphasis on economic growth, with SDG 8 lacking sufficient integration of environmental sustainability in its framework. The novelty of this study comes from its in-depth, critical, and policy-focused analysis of the ideas around decent employment in the context of SDG 8. The findings underscore the importance of providing fair, safe, and secure employment opportunities to support economic growth and development while upholding workers' rights. In conclusion, we emphasize the crucial role of promoting decent work and sustainable growth in achieving SDG 8's overall objectives, as it directly impacts other SDGs.

This study aims to analyze the role of innovation and Islamic financial literacy in improving the performance of MSME actors in the context of Islamic economics. This study also aims to evaluate the impact of innovation and Islamic financial literacy on MSME growth and contribute to the sustainable development of MSMEs. This qualitative research applied a literature approach and document analysis to collect relevant data and information. A literature review was also conducted to identify indicators of the success of Islamic financial innovation and literacy in MSMEs and appropriate evaluation methods. Other research data included previous research results and related case studies. The results of this study revealed that MSMEs that implement Islamic financial innovation and literacy tend to experience improved performance. Product and process innovation, selection of Islamic financial instruments, and financial management by Sharia principles contributed positively to increasing MSME income, productivity, and operational efficiency. This research contributes to understanding the critical role of innovation and Islamic financial literacy in improving the performance of MSME actors. The findings of this study can serve as a reference for relevant stakeholders, including MSME actors, government, and Islamic financial institutions, in developing supporting policies and programs that strengthen innovation and Islamic financial literacy in MSMEs.

The analysis of sustainable economic growth and development often focuses on how to control the market process through coercive state intervention. While state interventionism may play a significant role in countries’ progress, entrepreneurship is the driving force behind sustainable growth and development. Entrepreneurship is the people’s judgment on ideas, plans, and projects, which promises profit in uncertain times. Its effects are the creation and transmission of information and social coordination as a dynamic process of identifying and solving human problems. Sustainable development is the widening range of entrepreneurial alternatives open to people, and sustainable growth is a phase of sustainable development that depends on genuine savings to finance increasingly capital-intensive production structures. The degree to which people are entrepreneurs and the direction genuine savings take depend on institutional arrangements. Some institutions are more conducive to sustainable growth and development than others. After reviewing principles of growth and development sustainability, how coercive state intervention influences economic performance is discussed, proposing novel policy conclusions and research avenues to cultivate entrepreneurship and genuine savings in a post-COVID-19 world.

Despite the fact that unemployment rate in Nigeria is quite high, Covid-19 incident has currently made it alarming which is growing in geometric progression. The economy is also increasingly finding it difficult to cope as Nigerian economy is declining. A lot of experts have called for the creation of an enabling environment for small and medium scale business to thrive. Nigeria is naturally endowed with entrepreneurship opportunities; however, the realization of the full potential of these opportunities has been dampened by the adoption of inappropriate industrialization policies at different times. This study seeks to identify the effect of entrepreneurship towards a sustained growth and development in Nigeria: a case study of Abuja, FCT. The study area for this research work is Federal Capital Territory. Sixty (60) entrepreneurs were randomly selected from each of the five geopolitical zones in the Federal Capital Territory, Abuja. The questionnaires were designed to obtain sufficient and relevant information from the respondents. The findings of the study shows that the role of entrepreneurship in sustaining economic growth and development of FCT-Abuja is evident while findings also show that sustained economic growth and development is dependent on basic entrepreneurial principles. The study recommends that policy makers should recognize the essence of entrepreneurship to economic development.

This study aims to explore the sustainable development of the regional economy from the perspective of human capital. Based on the panel data from 2005 to 2019 in Shandong Province, China, this study first analyzes the interactive coupling mechanism between human capital and sustainable economic growth, and then constructs the evaluation model of coupling coordination degree. Results reveal that Shandong Province’s human capital and sustainable economic growth gradually increased; the coupling coordination degree of human capital and sustainable economic growth changed from a state of mild imbalance to slight coordination; sustainable economic growth lagged human capital development; education scale, innovation capacity, growth level, economic openness, and investment and consumption level are the key factors affecting sustainable economic development. Through the above research, the study puts forward policy suggestions conducive to sustainable development in China.