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RISK MANAGEMENT AND CASH WAQF DEVELOPMENT STRATEGY IN ISLAMIC MICROFINANCE INSTITUTIONS: EMPIRICAL EVIDENCE FROM EAST JAVA MAWAR COOPERATIVE: RISK MANAGEMENT AND CASH WAQF DEVELOPMENT STRATEGY IN ISLAMIC MICROFINANCE INSTITUTIONS: EMPIRICAL EVIDENCE FROM EAST JAVA MAWAR COOPERATIVE Khotib Khotib; Ariefah Sundari; Siti Lathifatus Sun'iyah
J-MACC Vol 8 No 1 (2025): April
Publisher : Fakultas Ekonomi Universitas Islam Darul Ulum Lamongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52166/j-macc.v8i1.9302

Abstract

This study examines risk management and cash waqf development strategies in Islamic microfinance institutions, with empirical evidence from the Mawar Cooperative in East Java. The background of this research stems from the growing importance of cash waqf as a sustainable financial instrument in Islamic finance, particularly in microfinance institutions that aim to balance social and economic objectives. The Mawar Cooperative, as a registered nazhir (waqf manager), has successfully managed and developed cash waqf through direct and indirect investments, demonstrating a unique model for other institutions. The objective of this study is to analyze the risk management practices and strategic approaches employed by the Mawar Cooperative in optimizing cash waqf for community development. Using a qualitative case study method, the research collects data from financial reports, waqf distribution records, and interviews with cooperative stakeholders. The findings reveal that the Mawar Cooperative employs a dual investment strategy—direct investments in member financing and indirect investments through partnerships with Islamic financial institutions—to mitigate risks and ensure sustainable returns. The discussion highlights the cooperative’s adherence to regulatory frameworks, transparency, and innovative waqf utilization in education, da’wah, and economic empowerment. The novelty of this study lies in its empirical focus on a microfinance institution’s role in cash waqf management, offering practical insights for policymakers and Islamic financial entities. The study concludes that effective risk management and strategic waqf development can enhance financial sustainability and social impact, providing a replicable model for similar institutions.
Kolusi Algoritmik: Risiko Kolusi Terselubung AI Pricing dalam Persaingan Usaha Sundari, Ariefah; Indriani, Arya Dhita; Nadzifah, Umi Nur
Jurnal Persaingan Usaha Vol 5 No 2 (2025): Jurnal Persaingan Usaha
Publisher : Komisi Pengawas Persaingan Usaha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55869/kppu.v5i2.214

Abstract

The rapid development of Artificial Intelligence (AI) in pricing strategies presents both opportunities and significant challenges for market competition. Algorithms designed to optimize pricing may unintentionally facilitate a new form of covert collusion, which is difficult for regulators to detect since it occurs automatically without explicit agreements between firms. This paper aims to analyze the phenomenon of algorithmic collusion in the context of competition law, with particular emphasis on its risks to the principles of fair competition. The study employs a normative-juridical approach through literature review, legal analysis, competition policy assessment, and international case studies. The findings indicate that pricing AI can generate market coordination resembling digital cartels, thereby challenging the effectiveness of existing legal instruments. The main conclusion highlights the urgent need for regulatory adaptation and technology-based oversight to enable competition authorities to anticipate and address algorithmic collusion. The implications of this study underscore the importance of collaboration among regulators, technology developers, and business actors in establishing a responsive legal framework to ensure fairness and sustainability in market competition.
IMPLEMENTATION OF THE SOCIALIZATION OF BASIC AGRARIAN LAW IN THE LAND REGISTRATION PROCESS AT THE VILLAGE LEVEL Rahmawati, Rahmawati; Afiyah, Siti; Bagus, Salahudin Serba; Sundari, Ariefah
EQUALEGUM International Law Journal Volume 3, Issue 3, 2025
Publisher : SYNTIFIC

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61543/equ.v3i3.141

Abstract

Background. The issue of agrarian reform in Indonesia has long been a central theme in the country’s legal, political, and social development. This study aims to analyze the implementation of the amended Basic Agrarian Law in the land registration process at the village level, particularly in Ngarum Village, Lamongan, and to evaluate the effectiveness of socialization programs in improving community legal awareness regarding land registration. Research method. Employing a qualitative socio-legal approach, the research explores how legal norms interact with local institutions and community practices. Data were collected through interviews, observations, and legal document analysis. Findings. The implementation of land registration under Law Number 14 of 2024 still encounters obstacles such as limited community legal awareness, weak village administrative capacity, and the lack of data integration with land agencies. Nevertheless, supporting factors such as improved public interest in land certification and the strategic role of village leaders have been identified. The evaluation of socialization activities indicates a significant increase in awareness levels, although this improvement does not always translate into actual registration practices due to structural and cultural barriers. The analysis highlights a gap between the legal framework and its implementation, emphasizing the need for strengthening institutional capacity and enhancing community legal education. Conclusion. Successful implementation requires multidimensional strategies that involve legal, institutional, cultural, and technological support tailored to rural contexts.
THE AUTHORITY OF ADMINISTRATIVE COURTS IN VILLAGE HEAD ELECTION DISPUTES Wahyudin, Wahyudin; Afiyah, Siti; Bagus, Salahudin Serba; Sundari, Ariefah
EQUALEGUM International Law Journal Volume 3, Issue 3, 2025
Publisher : SYNTIFIC

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61543/equ.v3i3.142

Abstract

Background. Although village elections are inherently political, they also entail administrative dimensions subject to legal scrutiny, particularly regarding the regent’s decree confirming election results. The absence of a consistent legal interpretation has generated uncertainty within administrative judicial practice. This study examines the jurisdictional authority of the State Administrative Court (PTUN) in adjudicating village head election disputes, using the case of Ngarum Village, Lamongan Regency, as a focal point. Research Method. Employing a normative-empirical legal approach, this study integrates doctrinal analysis of administrative law and statutory frameworks with empirical observations of PTUN Surabaya’s handling of election disputes. Findings. The research identifies significant judicial inconsistency across PTUN jurisdictions in classifying regents’ decrees; some deem them political acts, while others recognize them as administrative decisions open to judicial review. Such divergence undermines legal certainty and equitable access to justice. Conclusion. PTUN possesses legitimate authority when a regent’s decree fulfills the characteristics of an administrative decision. Institutional reinforcement and uniform judicial guidelines are imperative to enhance accountability, ensure procedural fairness, and strengthen democratic governance at the local level.
INOVASI PENGEMBANGAN TENUN IKAT TRADISIONAL VIA E-COMMERCE UNTUK EKONOMI DESA PARENGAN Ariefah Sundari; Ahmad Yani Syaikhudin; Ahmad Fathurrozi; Muh. Nur Ali Khoirun Nasikhin; Nisye Reza Alfa Fadlilah; Nurul Nilam Safitri; Wafiyatun Hikmatul Uliyyah
Studi Kasus Inovasi Ekonomi Vol. 9 No. 01 (2025)
Publisher : Program Studi Manajemen, Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/skie.v9i01.39760

Abstract

Industri tenun ikat tradisional di Desa Parengan, Lamongan, merupakan warisan budaya bernilai tinggi, namun menghadapi tantangan kompleks seperti keterbatasan akses pasar, minimnya literasi digital, dan ketergantungan pada pemasaran konvensional. Analisis situasi menunjukkan bahwa 85% pengrajin hanya menjual produk secara lokal dengan margin keuntungan rendah, sementara potensi pasar global belum tergarap optimal. Permasalahan prioritas meliputi: (1) kurangnya pengetahuan tentang e-commerce, (2) keterbatasan infrastruktur teknologi, (3) manajemen produksi tradisional yang tidak efisien, serta (4) kekhawatiran akan keamanan transaksi online. Kegiatan pengabdian ini menerapkan metode partisipatif melalui lima tahap: (1) pelatihan intensif literasi digital bagi 30 pengrajin, (2) pendampingan pembuatan platform e-commerce berbasis kearifan lokal, (3) implementasi sistem manajemen inventari digital, (4) workshop keamanan siber, dan (5) kolaborasi dengan influencer untuk branding produk. Hasil monitoring selama 6 bulan menunjukkan peningkatan signifikan: 72% pengrajin mampu mengoperasikan platform e-commerce secara mandiri, penjualan online meningkat 210%, serta terbentuknya 5 kelompok usaha berbasis digital. Pembahasan mengungkap bahwa sinergi antara pelestarian teknik tenun tradisional dengan adaptasi teknologi berhasil menciptakan model bisnis berkelanjutan. Tantangan utama adalah kesenjangan generasi dalam adopsi teknologi, yang diatasi melalui pendekatan pelatihan intergenerasi. Inisiatif ini tidak hanya meningkatkan pendapatan rata-rata pengrajin sebesar 45%, tetapi juga memperkuat posisi tenun ikat Parengan di pasar nasional melalui sertifikasi produk berbasis Indikasi Geografis
Experiential Marketing Terhadap Customer Loyalty Melalui Customer Engagement Sebagai Variabel Intervening dari PT. Palapa Elektronik Lamongan Ahmad Fathur Rozi; Ahmad Yani Syaiichudin; Ariefah Sundari; Saifuddin Zuhri; Mohammad Rizal Nur Irawan
Strategic: Journal of Management Sciences Vol. 4 No. 1 (2024): Strategic : Journal of Management Science
Publisher : Program Studi Magister Ilmu Manajemen Sekolah Tinggi Ilmu Ekonomi Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/strategic.v4i1.223

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Sesuai dengan SDG No. 3.2, penelitian ini akan melihat bagaimana experiential marketing memediasi hubungan antara PT. Loyalitas pelanggan Palapa Elektronik Lamongan dan keterlibatan pelanggan. Line, WhatsApp, dan Instagram termasuk di antara teknologi online yang digunakan dalam penelitian, selain survei langsung yang dilakukan di PT. Palapa Elektronik Lamongan. Kami mampu mengumpulkan dan menganalisis data dari 116 peserta. Partisipan adalah pelanggan PT Palapa Elektronik Lamongan yang telah melakukan minimal dua kali pembelian dari toko tersebut dalam enam bulan sebelum penelitian. Alat pengolah datanya adalah teknik pemodelan struktural yang memanfaatkan metodologi Partial Least Square (PLS-SEM). Temuan penelitian ini menunjukkan bahwa experiential marketing secara signifikan mempengaruhi keterlibatan dan loyalitas konsumen. keterlibatan klien juga secara signifikan mengubah korelasi antara experiential marketing dan loyalitas klien. With experiential marketing, customers have an unforgettable experience with your brand. If this type of marketing is successful, it can give them a positive attitude. This experience creates a stronger bond and brand loyalty between the brand and the customer.
Job Application Interest of Final Year Students: The Influence of Employer Branding, Perception of Career Development, and Work Environment: Minat Melamar Kerja Mahasiswa Tingkat Akhir: Pengaruh Employer Branding, Persepsi Pengembangan Karier, dan Lingkungan Kerja Ramadlan, A.Alfi Syahri; Nasrullah, Muhammad Hafidh; Sundari, Ariefah
Academia Open Vol. 11 No. 1 (2026): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.11.2026.14097

Abstract

General Background: Competition for talent requires organizations to strengthen their attractiveness as employers by aligning organizational attributes with candidate expectations. Specific Background: Final-year students represent a critical group transitioning into the labor market, evaluating employer branding, perceived career development, and work environment when forming job application intentions. Knowledge Gap: Prior studies show inconsistent findings and rarely integrate these three variables simultaneously, particularly within non-metropolitan higher education contexts. Aims: This study analyzes the relationships among employer branding, perceived career development, and work environment in shaping job application intentions among final-year students. Results: Using quantitative explanatory analysis of 194 responses, all instruments were valid and reliable (Cronbach’s alpha > 0.93), and the model explained 94.90% of variance. Simultaneously, all variables were significant; however, only perceived career development (β = 0.457; p = 0.001) and work environment (β = 0.505; p = 0.000) showed significant positive effects, while employer branding was not significant when tested alongside other variables. Novelty: This study introduces an integrated model emphasizing concrete organizational attributes over symbolic corporate image in explaining job application intentions. Implications: Findings indicate that students prioritize career growth opportunities and supportive work environments, suggesting organizations should design employer value propositions focused on career clarity and conducive workplace conditions rather than relying solely on employer branding. Highlights• Career growth perception becomes primary determinant of application decisions• Workplace conditions outperform symbolic organizational reputation signals• Integrated variables jointly explain very high behavioral variance KeywordsEmployer Branding; Career Development; Work Environment; Job Application Intention; Students
What Drives Avoskin Consumers' Purchase Intention? Examining the Roles of Green Brand Image, Environmental Knowledge, and Green Trust Umi Nur Nadzifah; Nawari Nawari; Ariefah Sundari
JURNAL ECONOMINA Vol. 5 No. 7 (2026): JURNAL ECONOMINA, Juli 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i7.3446

Abstract

Growing public interest in ecological conservation has triggered a massive surge in demand for sustainable cosmetics, forcing skincare brands to implement eco-friendly marketing. However, buying decisions for sustainable skincare depend on tricky psychological dynamics, including green trust, eco-brand perception, and environmental literacy. This research explores how green brand image and ecological knowledge shape purchase intention, utilizing green trust as a mediator. Focusing on Indonesian Avoskin users, this causal quantitative study gathered empirical data from 96 respondents through a purposive online survey. Data processing was conducted via SmartPLS 4 under the PLS-SEM framework. The results indicate that green trust and environmental awareness heavily dictate consumer purchase willingness. Conversely, a green brand image fails to trigger a direct impact on buying intentions. Furthermore, both brand reputation and ecological literacy play a vital role in fostering consumer trust. Mediation analysis confirms that green trust successfully links environmental knowledge to final buying intentions, yet it cannot bridge the path from green brand image to purchase intention. These outcomes imply that boosting consumer ecological literacy and ensuring authentic green branding are the main keys to converting sustainable values into real purchases.
What Drives Avoskin Consumers' Purchase Intention? Examining the Roles of Green Brand Image, Environmental Knowledge, and Green Trust Umi Nur Nadzifah; Nawari Nawari; Ariefah Sundari
JURNAL ECONOMINA Vol. 5 No. 7 (2026): JURNAL ECONOMINA, Juli 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i7.3446

Abstract

Growing public interest in ecological conservation has triggered a massive surge in demand for sustainable cosmetics, forcing skincare brands to implement eco-friendly marketing. However, buying decisions for sustainable skincare depend on tricky psychological dynamics, including green trust, eco-brand perception, and environmental literacy. This research explores how green brand image and ecological knowledge shape purchase intention, utilizing green trust as a mediator. Focusing on Indonesian Avoskin users, this causal quantitative study gathered empirical data from 96 respondents through a purposive online survey. Data processing was conducted via SmartPLS 4 under the PLS-SEM framework. The results indicate that green trust and environmental awareness heavily dictate consumer purchase willingness. Conversely, a green brand image fails to trigger a direct impact on buying intentions. Furthermore, both brand reputation and ecological literacy play a vital role in fostering consumer trust. Mediation analysis confirms that green trust successfully links environmental knowledge to final buying intentions, yet it cannot bridge the path from green brand image to purchase intention. These outcomes imply that boosting consumer ecological literacy and ensuring authentic green branding are the main keys to converting sustainable values into real purchases.
The Effects of Turats Learning, AI, Digital Literacy, Spiritual Leadership, and Collaboration on Santri Achievement through Engagement Siti Lathifatus Suniyah; Ariefah Sundari; Ahmad Jarullah El-Khotib; Khotib Khotib
Tafkir: Interdisciplinary Journal of Islamic Education Vol. 7 No. 3 (2026): Integrative Islamic Education
Publisher : Pascasarjana Universitas KH. Abdul Chalim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/tijie.v7i3.3193

Abstract

The development of digital technology has transformed learning systems in Islamic boarding schools. Santri no longer rely solely on traditional kitab-based learning but also utilize digital technology and artificial intelligence in daily academic activities. This study aims to analyze the effects of Turats Learning, AI Assisted Learning, digital literacy, spiritual leadership, and collaborative learning on santri academic achievement through student engagement. The research employed a quantitative approach using a survey method involving 250 santri from several modern Islamic boarding schools in East Java, Indonesia. Data were collected through questionnaires distributed using purposive sampling techniques. Data analysis was conducted using Partial Least Square Structural Equation Modeling (SEM-PLS). The hypotheses examined both direct and indirect relationships among the variables. The findings reveal that Turats Learning and digital literacy have strong effects on student engagement and santri academic achievement. AI-assisted learning and collaborative learning also significantly improve student participation in the learning process. This study contributes to the development of an adaptive Islamic boarding school education model that integrates digital transformation while maintaining spiritual values and traditional Islamic learning culture. The findings highlight the importance of balancing modern technology with pesantren academic traditions to improve the quality of santri education.
Co-Authors Abdul Hadi Afiyah, Siti Ahmad Fathurrozi Ahmad Jarullah El-Khotib Ahmad Munir Ahmad Yani Syaiichudin Ahmad Yani Syaikhudin Ainiyah, Latifatul Ali muhajir, Ali Amaliyah, Cinta Ayu Ana Fitriyatul Bilgies Ana Fitriyatul Bilgies Ana Fitriyatul BILGIES Andini Dwi Prameswari Armanu Armanu, Armanu Azahrotussholikha, Nahdhiya Bagus, Salahudin Serba Bagus, Shalahuddin Serba Bahary, Achmad Rizal Bilgies, Ana Fitriyatul Dwiyanti, Dias Efendi, Moh. Rifki Fahrudin, Ahmad Fikri Feryani, Dwin Haniyah, Nailul Aisyiyal Hari SUSANTO Hayati Heni Purnama Putra Indriani, Arya Dhita Iqbal Maulana Irawan, Mohamad Rizal Nur Ivan Dwi Septiyan Jessica Lia febriyanti Khamim, Abdul Khotib Khotib Khotib Kuncoro, Cipto Kusmayasari, Dewi Martha Laila Arisandra, Martha Laila Masruroh, Ainul Maulidah, Nur Meithiana Indrasari Meithiana Indrasari Meithiana Indrasari, Meithiana Moh. Agung Budi Hermawan Moh. Hudi Muh. Nur Ali Khoirun Nasikhin Muhammad Hafidh Nasrullah Muhammad Imam Aminudin Muslikh Nadzifah, Umi Nur Nasihin, Muh Nur Ali Khoirun Nasikhin, Muh. Nur Ali Khoirun Nasrullah, Muhammad Hafidh Nisye Reza Alfa Fadlilah Nur Azizah Nur Qomariyah Nurul Nilam Safitri Putri, Dita Karunia Malika Putri, Windy Anissa Amilia Rahmawati, Rahmawati Ramadlan, A.Alfi Syahri Rifky Ardhana Kisno Saputra Riza, Cahyani Syahrur Rohman, Ahmad Maulana Rozi, Ahmad Fathur Rusydi Saifuddin Zuhri Sari, Melani Putri Dewita Setiabudi, David Wahyu Sholihan Shonaliya, Indra Putra Siswahyudianto Siti Lathifatus Sun'iyah Siti Lathifatus Suniyah Sukesi Sukesi . Sukesi Sukesi Sulistiyowati, Anjar Sulistyawati Sulistyawati Syaikhuddin, Ahmad Yani Syaikuddin, Ahmad Yani Syaikudin, Ahmad Yani Tyas, Sekar Nining Umi Nur Nadzifah Umi Nur Nadzifah Wafiyatun Hikmatul Uliyyah Wahyudin Wahyudin Wulandari, Adinda Yuli Sintha Asi Yuli Sintha ASI