cover
Contact Name
Bagas Bambang Pamujo
Contact Email
altijarah@unida.gontor.ac.id
Phone
+6281217492109
Journal Mail Official
altijarah@unida.gontor.ac.id
Editorial Address
Main Campus Universitas Darussalam Gontor, Raya Siman St. Km 6, Siman, Ponorogo, Indonesia
Location
Kab. ponorogo,
Jawa timur
INDONESIA
Al Tijarah
ISSN : 24604089     EISSN : 25282948     DOI : https://doi.org/10.21111/tijarah
Core Subject : Economy, Science,
Al Tijārah (E-2528-2948 and P-2460-4089) is a semiannually journal published by University of Darussalam Gontor. In line with the objective of the university, the journal is committed to the development and promotion of contemporary issues in Islamic management and management in its broadest sense in order to keep scholars on research in the area of management. The editorial board welcomes original submission in the fields of management, finance, human resource management, marketing, operational management, and strategic management including from an Islamic perspective. Al Tijarah is currently indexed by DOAJ, Google Scholar, Garuda, Crossref, BASE, Sinta 4 and other reputated indexes in the future.
Articles 259 Documents
Feasibility Analysis Of Sharia-Based Local Productive Enterprises In Phatnawitya School Yala, Thailand Dwiyana, Anisyah Kesuma; Syahrul Amsari
Al Tijarah Vol. 10 No. 1 (2024): Al Tijarah | June
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v10i2.14204

Abstract

The community around Phatnawitya Yala School has a variety of local potentials that include agriculture, fisheries, handicrafts, and service sectors. This region is known as one of the high-quality rice-producing areas, with an agricultural system that is still traditional but has the potential to be developed into a modern agribusiness. This research analyzes the feasibility of sharia-based local businesses in the Pahtna Witya Yala School community in Thailand". The research method used is qualitative descriptive. With data collection techniques through observation, interviews, documentation, and literature studies. Data analysis techniques are carried out by data reduction, data presentation, and data retrieval. The validity of the data in this study is guaranteed through the application of triangulation. The results of the study show that productive businesses based on local potential and sharia principles are worthy of development and have a real impact on improving the welfare of the people of Pahtna Witya Yala Scholl Thailand.
The Effectiveness Of The Sharia-Based Transaction Payment System In Increasing The Trust Of Pilgrims In The Umrah Travel Service Of Pt. Zam Zam Islamic Tourism Maharani, Annisa; Isra Hayati
Al Tijarah Vol. 10 No. 1 (2024): Al Tijarah | June
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v10i2.14205

Abstract

In the current era of globalization, the religious tourism industry, especially in Umrah pilgrimage trips, is experiencing very rapid growth. Customer trust in travel services is one of the main factors that determine the success of a travel company in maintaining and expanding its market share in the midst of competition. The implementation of this sharia-based payment system can increase pilgrims' trust in the services provided by Umrah travel agencies. This study aims to find out how effective the sharia-based transaction payment system is in increasing pilgrims' trust in Umrah travel services at PT. Zam Zam Islamic Tourism. This research was conducted on PT. Zam Zam Wisata Islami which is located on Al Falah street, Muctar Basri No. B6, Kel, Glugur Darat 2, Kec. The approach used in this study is a qualitative approach.  The data analysis technique used through data collection uses an interview process, data reduction, and drawing conclusions.  This study shows that the sharia-based transaction payment system has a significant influence on the trust of pilgrims. The implementation of this system has proven to be effective in increasing the trust of pilgrims. However, there are several challenges in its implementation, such as the lack of understanding of pilgrims about the payment system carried out in sharia and the competitiveness of other travel parties. Based on the analysis, it can be concluded that, with the existence of a sharia-based payment system at PT. Zam Zam Wisata Islami has an important role in building the trust of pilgrims, therefore, the company needs to optimize and educate the pilgrims and improve Islamic financial services, this needs to be done to increase the effectiveness of this system in the future.
Can Brand Switching of Consumers of The Originote Skincare Products in Sidoarjo Be Influenced by Electronic Word Of Mouth (E-WOM), Variety Seeking, and Service Quality? Wijayanti, Evi; Sari, Dewi Komala; Supardi
Al Tijarah Vol. 10 No. 2 (2024): Al Tijarah l December
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v10i2.14274

Abstract

This study aims to determine whether the Brand Switching of The Originote Skincare Product Consumers in Sidoarjo is Influenced by Electronic Word Of Mouth (E-WOM), Variety Seeking, and Service Quality? This study uses a descriptive quantitative method, in its own population are users of The Originote skincare products with a sample of 100. The sampling technique uses a purposive sampling technique with respondents being the people of Sidoarjo at least 17 years old. The data collection technique uses a questionnaire that will be distributed through social media, and the answers are measured using a Likert scale. This study uses PLS-SEM data analysis. The results of this study prove that Electronic Word Of Mouth influences Brand Switching of The Originote Skincare consumers, Variety Seeking influences Brand Switching of The Originote Skincare consumers, and Service Quality influences Brand Switching of The Originote Skincare consumers.
The Influence Of Live Streaming, Discounts, And Content Marketing On Purchasing Decisions On Tiktok Shop (Study On Generation Z Consumers in Sidoarjo) Putri, Cindy Ananda; Muhammad Yani; Mas Oetarjo
Al Tijarah Vol. 10 No. 2 (2024): Al Tijarah l December
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v10i2.14275

Abstract

Tiktok is a creative video application developed by the Chinese-based company Bytedance, China in September 2016. Tiktok's popularity began to skyrocket in 2018. It has been downloaded 67.4 million times in Indonesia in 2023. In September 2021, Tiktok adapted by adding a shopping feature to its application known as Tiktok Shop. This study aims to measure the level of influence of live streaming, discounts, and content marketing on purchasing decisions at Tiktok Shop. The sampling technique in this study used a purposive sampling technique and used the Lemeshow formula to determine the number of samples due to the unknown population, with a result of 100 respondents. Data collection was carried out by distributing questionnaires to Tiktok Shop users. This study is quantitative and uses the SmartPLS analysis tool. The results of the study show that live streaming, discounts, and content marketing have a positive and significant effect on purchasing decisions at Tiktok Shop in Sidoarjo.
The Influence Of Influencer Marketing, Digital Advertising, Online Customer Reviews And Perceived Value On Purchasing Decisions In The Ms Glow E-Commerce Brand (Study Of Ms Glow Users In Sidoarjo) Choirunnisa, Nurussyahidah; Muhammad Yani; Lilik Indayani
Al Tijarah Vol. 10 No. 2 (2024): Al Tijarah l December
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v10i2.14432

Abstract

E-commerce has gotten to be one of the foremost prevalent computerized acquiring and offering media and has gotten to be a prevalent online shopping stage by businesses. Online shopping offers comfort counting boundless get to to time and area, simple get to to item data, cost and quality comparison, and more. The reason of this think about is to analyze the affect of esteem on influencer promoting, advanced promoting, online client surveys, and acquiring choices of MS Gleam Sidoarjo e-commerce brands. For obscure populaces, utilize the favor condition to calculate the number of tests with 100 respondents. This ponder employments a quantitative approach and SmartPLS examination apparatuses. The comes about showed that influencer showcasing incorporates a critical positive affect on obtaining choices, online client reviews have a critical positive affect on acquiring choices, and seen esteem features a noteworthy positive affect on MS Gleam e-commerce brands.
Capital structure, efficiency, and profitability: key drivers of Islamic banking’s financial stability in ASEAN Pungky Lela Saputri; Hanif Ahmadi; Tika Mutiani
Al Tijarah Vol. 11 No. 1 (2025): Al Tijarah l June
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v11i1.14015

Abstract

This study examines the impact of capital structure, operational efficiency, and profitability on the financial stability of Islamic banks in ASEAN from 2020 to 2024. Using panel data regression analysis, the research investigates how the Debt to Equity Ratio (DER), Operational Efficiency Ratio (OER), and Return on Assets (ROA) influence financial stability, measured by the Z-Score. The findings reveal that DER has a negative and significant effect on financial stability, indicating that excessive reliance on debt increases financial risk and reduces the resilience of Islamic banks. Similarly, OER negatively affects financial stability, suggesting that higher operational costs and inefficiencies weaken financial performance. In contrast, ROA positively and significantly contributes to financial stability, as higher profitability strengthens banks’ financial flexibility and ability to absorb economic shocks. These results highlight the importance of maintaining an optimal capital structure, improving cost efficiency, and enhancing profitability to ensure sustainable financial stability. The study provides practical implications for policymakers and Islamic bank managers, emphasizing the need for prudent financial management, technological advancements in cost control, and innovative Shariah-compliant investment strategies to enhance stability in the Islamic banking sector.
Factors Influencing Capital Structure in Property and Real Estate Sector Companies Listed on IDX 2021-2023 Lisnawati, Lisnawati; Permatasari, Fatimah; Budianto, Erwin
Al Tijarah Vol. 11 No. 1 (2025): Al Tijarah l June
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v11i1.14243

Abstract

This study examines the influence of profitability, asset structure, and firm size on firms' capital structure in the property and real estate industry listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. The research utilizes a quantitative approach, integrating secondary data from corporate financial statements and the IDX website. The sampling strategy is a purposive sampling method, picking 16 companies from a total population of 93. Data analysis is performed using multiple regression analysis with SPSS version 25. The findings demonstrate that profitability and asset composition substantially negatively influence capital structure, implying that firms with more profitability and asset holdings are inclined to utilize less debt financing. Nonetheless, business size does not exhibit a substantial impact on capital structure. Nonetheless, when examined concurrently, profitability, asset structure, and firm size impact capital structure decisions.
Financial Distress Analysis Using Altman, Springate, Zmijewski on Textile Company PT Sri Rejeki Isman Tbk. Munandar, Irwansyah; Natasya; Maiyaliza
Al Tijarah Vol. 11 No. 1 (2025): Al Tijarah l June
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v11i1.14251

Abstract

Indonesia's textile industry, which includes the production of fibers, yarns, fabrics, and clothing, has long been the backbone of the country's economy, contributing jobs and foreign exchange through exports. In its heyday in the 1980s, the industry was thriving, but in recent decades, it has faced significant setbacks due to inefficient management, global competition and unfavorable trade policies. Many textile factories have gone out of business, including PT Sri Rejeki Isman Tbk (Sritex), which despite nearly 50 years of experience, is now debt-ridden and struggling to survive. This study goal is to forecast a company’s financial health. The method used in this study uses data as its data source and is descriptive quantitative in nature. The findings indicated that the company could face financial difficulties, because in the 2021-2023 range the company experienced losses and experienced an increase in debt because it could not pay debts at maturity.
Assessment Of Financial Performance At PT Kimia Farma Tbk With A Financial Ratio Approach For The Years 2022-2023 Ilham, Ahmad; Wulan Cahya Ningrum; Erwin Budianto
Al Tijarah Vol. 11 No. 1 (2025): Al Tijarah l June
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v11i1.14259

Abstract

The pharmaceutical industry plays an important role in the healthcare sector, but financial challenges can hinder its sustainability. PT Kimia Farma Tbk experienced a decline in financial performance, characterized by increasing losses and dependence on debt. This study aims to analyze the company's financial performance in 2022-2023 using profitability, liquidity, solvency, and activity ratios. The method used is descriptive quantitative analysis based on the company's financial statements. The results showed negative profitability, with declining ROA and ROE, low liquidity with Current Ratio and Cash Ratio below industry standards, and increasing DAR and DER, reflecting high dependence on debt. These results confirm the need for asset optimization strategies and operational efficiency. Further studies can explore the influence of external factors on the company's financial performance.Financial Performance, ROA, ROE, Current Ratio, Cash Ratio, DAR, DER, WCTO, TATO.

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