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Journal : Journal of Applied Business and Technology

Design and Evaluation of a Mudharabah-Based Dairy Goat Investment Model Renaldo, Nicholas; Junaedi, Achmad Tavip; Suhardjo, Suhardjo; Tanjung, Amries Rusli; Indrastuti, Sri; Faruq, Umar; Musa, Sulaiman; Wahid, Nabila
Journal of Applied Business and Technology Vol. 6 No. 3 (2025): Journal of Applied Business and Technology
Publisher : Institut Bisnis dan Teknologi Pelita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35145/jabt.v6i3.302

Abstract

The livestock sector plays a strategic role in strengthening food security, rural income generation, and sustainable agribusiness development in emerging economies. However, access to capital remains a critical constraint for small-scale livestock farmers, particularly under conventional interest-based financing systems that impose rigid repayment obligations amid biological and market uncertainties. This study aims to design and evaluate a mudharabah-based dairy goat investment model by integrating Islamic contract principles with livestock production economics. Using a quantitative financial feasibility modeling approach, the study simulates a one-year partnership contract incorporating milk revenue sharing, offspring profit allocation, biological production cycles, risk mitigation mechanisms, and monthly return distribution. Financial performance is assessed using Return on Investment (ROI), Net Present Value (NPV), and Payback Period, complemented by sensitivity analysis under optimistic, moderate, and pessimistic scenarios. The results indicate that the dual-revenue mudharabah model generates positive returns, maintains financial feasibility under moderate production variability, and enhances liquidity through periodic income distribution. From a theoretical perspective, the study extends Agency Theory by demonstrating that profit-sharing mechanisms improve incentive alignment and reduce agency costs, while operationalizing Islamic Contract Theory into a measurable agribusiness investment framework. The findings suggest that mudharabah-based livestock investment offers an economically viable, sharia-compliant, and socially inclusive financing alternative for sustainable rural development.
Co-Authors ', Istiqomatunnisa ', Rusli ', Supriono Achmad Tavip Junaedi Agneza, Putri Amalia, Annisa Nur Anak Agung Gede Sugianthara Andi Andi Andi Anton Anton Aprilia, Bord Nandre Augustine, Yvonne Azhari Sofyan Cecilia, Cecilia Dalil, M David David Dodi Sofyan Arief, Dodi Sofyan Eddy, Pujiono Edfan Darlis Eka Hariyani Eka Setiawati Enni Savitri Fitratul Aini, Fitratul Fitri Yani Fransisca, Luciana Gusrio Tendra Harry Patuan Panjaitan Herlin, Darsi Hutahuruk, Marice Br Indrastuti, Sri Jahrizal Jennifer Chandra Jufrianto karmila karmila Kharimah, Firda Komardi, Dadi Koto, Jaswar Layla Hafni Lili Sumarni, Lili Monalisa Monalisa Mudrika Alamsyah Hasan Muhammad Reza Rachaprima, Muhammad Reza Muhammad Rivai Musa, Sulaiman Nazmi, Fabelya Putri Nia Cristy, Nia Nicholas Renaldo Nicholas, Eric Noprial Valenra Maksyur, Noprial Valenra Novita Indrawati Nyoto Nyoto, Nyoto Nyoto, Rebeccca La Volla Prayetno, Muhammad Pringgo Pricyla, Cyndi Prihastomo, Arih Dwi Purnama, Intan Putri, Harmi Putri, Novita Yulia Putri, Yochi Lajobhi Rahman, Sarli Rahmiati Idrus Reilly, William Restu Agusti Rizaldi Putra Setyawan, Hari Setyawan, Onny Sevendy, Tandy Sri Rahmayanty, Sri Sudarno Sudarno Sudirman Sudirman Suhardjo Suhardjo Suhardjo Suharti Susilatri Susilatri, Susilatri Syafriyanti, Liza Syahputra, Hidayat Teddy Chandra Teddy Haryadi Tjahjana, Dominicus Josephus Swanto Umar Faruq Utama, Reno Julia Veronica, Kristy Wahid, Nabila Wati, Yenny Wijaya, Evelyn Wilda Susanti Yonanda Oriza, Yonanda Yu, Hou Yusrizal Yusrizal Zabetha, Olinsca