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Contact Name
Mohammad Syaiful Suib
Contact Email
syaifulsuib@gmail.com
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Kab. probolinggo,
Jawa timur
INDONESIA
Profit : Jurnal Kajian Ekonomi dan Perbankan Syariah
ISSN : 26854309     EISSN : 26854309     DOI : -
Core Subject : Economy,
The journal publishes articles of interest to Islamic economics and banking practitioners, economic policy makers, and researchers. This journal encompasses research articles, original research report, reviews in Islamic economics and banking studies in any fields including; economics, finance, accounting, public policy, management studies and Islamic banking studies and present developments through the publication of articles, research reports.
Arjuna Subject : -
Articles 149 Documents
REVITALIZING SUMITRO DJOJOHADIKUSUMO'S ECONOMIC LEGACY: PATHWAYS TO INDONESIA'S ECONOMIC SELF-RELIANCE IN THE DIGITAL AND GLOBALIZATION ERA Muhammad Said; Syahriyah Semaun; Ahmad Dzul Ilmi Syarifuddin; Minhajuddin Madi; M. Rafly Al Farezy Arif
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.12783

Abstract

This study aims to develop a conceptual framework for revitalizing the economic thought of Prof. Dr. Sumitro Djojohadikusumo as a strategic roadmap toward Indonesia’s economic sovereignty in the digital and globalization era. Using a qualitative approach based on library research, this study systematically examines primary and secondary literature on Sumitro’s thought, development theory, and contemporary digital economic dynamics through content analysis. The findings introduce the concept of “Digital Economic Nationalism” as an adaptation of Sumitro’s development trilogy economic growth, national stability, and equitable development into the digital context, operationalized through the “Digital Gotong Royong Economy” model. This model integrates rural digital infrastructure, local economic platforms, digital cooperatives, sustainable financing, and the protection of national economic value. The results demonstrate that Sumitro’s intellectual legacy remains relevant and offers a theoretical and practical alternative to the dominant neoliberal model in the digital economy, while opening new avenues for nationally grounded digital political economy studies.
THE EFFECT OF SUPERVISION ON EMPLOYEE WORK DISCIPLINE THROUGH ORGANIZATIONAL CULTURE AS AN INTERVENING VARIABLE ON EMPLOYEES OF PT. LUTHFI ARYA TEKHNIK FROM AN ISLAMIC ECONOMIC PERSPECTIVE Tri Wulandari; Erike Anggraini; Anas Malik
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.12535

Abstract

This study aims to analyze the influence of supervision on employee work discipline through organizational culture as an intervening variable at PT. Luthfi Arya Tekhnik from an Islamic economic perspective. Human resources are strategic assets in the construction industry that require an effective supervision system and a strong organizational culture to achieve optimal levels of work discipline. The integration of Islamic economic values such as amanah, muraqabah, and ihsan provides a spiritual dimension that can strengthen the relationship between supervision and employee work discipline. The study used a quantitative approach with an explanatory survey design on 136 employee respondents selected through stratified proportional random sampling. Data were collected using a structured questionnaire with a Likert scale and analyzed using path analysis techniques. The results showed that supervision had a positive and significant effect on work discipline with a path coefficient of 0.762 (p<0.05). Supervision also had a significant effect on organizational culture with a coefficient of 0.789, while organizational culture had an effect on work discipline with a coefficient of 0.432. The Sobel test confirmed that organizational culture acts as a significant mediator (z=4.273, p<0.05) with a mediation effect of 44.7% of the total influence of supervision on work discipline. The findings indicate that the implementation of Islamic economic values in the supervision system and organizational culture is effective in improving employee work discipline through the development of spiritual awareness and trustworthy responsibilities. This study provides theoretical contributions to the development of Islamic management theory and practical implications for human resource management in the Indonesian construction industry.
STRATEGY FOR DEVELOPING THE HALAL COSMETIC INDUSTRY IN INDONESIA TO IMPROVE COMPETITIVENESS IN THE GLOBAL MARKET Mohammad Abdurrahman
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.11630

Abstract

The halal cosmetics industry has experienced significant growth along with the increasing awareness and demand of Muslim consumers for sharia-compliant products. The development of the halal cosmetics industry in Indonesia faces unique challenges and opportunities. This study examines strategies that can be implemented to optimize the development of this industry. Some of the main strategies analyzed include improving product quality and innovation, halal certification, effective marketing, adequate infrastructure and collaboration with various stakeholders. The results of the study show that by implementing these strategies, the halal cosmetics industry in Indonesia can increase its competitiveness in the global market and meet the growing needs of Muslim consumers. This study is a descriptive qualitative study that aims to provide a detailed description of the development of the halal cosmetics industry in Indonesia, identify existing challenges and opportunities, and formulate effective strategies to advance this sector to the international level. By implementing these strategies, the Indonesian halal cosmetics industry can increase its competitiveness in the global market and meet the growing needs of Muslim consumers
THE INFLUENCE OF GREEN ENTREPRENEURSHIP AND GREEN PRODUCT INNOVATION ON THE PURCHASE INTEREST OF GENERATION Z CONSUMERS Achmad Basofitrah; Sudarmiatin Sudarmiatin; Naswan Suharsono; Puji Handayati
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.13584

Abstract

This study aims to examine the influence of Green Entrepreneurship and Green Product Innovation on Purchase Intention among Generation Z consumers in Malang City. A quantitative approach with a cross-sectional survey design was employed. Data were collected using a structured Likert-scale questionnaire and obtained from Generation Z respondents selected through purposive sampling. The data were analyzed using SPSS, including validity and reliability testing, normality testing, multicollinearity assessment, and multiple linear regression to test the research hypotheses. The results indicate that Green Entrepreneurship has a positive and significant effect on Purchase Intention. Similarly, Green Product Innovation demonstrates a significant contribution to increasing consumers’ intention to purchase environmentally friendly products. These findings highlight that sustainable entrepreneurial practices and eco-friendly product innovations enhance young consumers’ interest in UMKM products, emphasizing the strategic importance of sustainability in contemporary marketing.
GREEN ACCOUNTING AND FINANCIAL PERFORMANCE: EVIDENCE FROM BASIC MATERIALS MANUFACTURING COMPANIES Eka Chyntia; Siti Maisyarah; Riantari Maharani; Eko Gani PG
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.12654

Abstract

This study investigates the impact of environmental costs and environmental performance on financial performance in manufacturing companies within the basic materials sector listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The research aims to provide empirical evidence on how green accounting practices influence profitability, measured by Return on Assets (ROA). The study employs a quantitative approach with a causal-comparative design, using purposive sampling to select 25 companies that consistently published financial reports and participated in the Ministry of Environment and Forestry’s PROPER program. A total of 75 panel data observations were analyzed. Data were collected through documentation of financial statements, annual reports, and PROPER assessments, and further supported by literature review. Statistical analysis was conducted using descriptive statistics, classical assumption tests, and multiple linear regression with SPSS version 30.0. The results reveal that both environmental costs and environmental performance partially influence financial performance, while simultaneously they significantly affect ROA. These findings indicate that companies in the basic materials sector can achieve a balance between environmental responsibility and financial goals. The study supports legitimacy theory and stakeholder theory, suggesting that proactive environmental strategies not only fulfill regulatory compliance but also enhance firm value. This research contributes theoretically to green accounting in emerging markets and provides practical implications for management in formulating sustainability policies aligned with financial performance.
ANALYSIS OF MODERN RETAIL "TRENMU MART" IN IMPROVING ECONOMIC INDEPENDENCE Izzuddin Syihab; Nurani Puspa Ningrum; Tuti’ Nadhifah
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.12570

Abstract

This study aims to analyze the role of the modern retailer Trenmu Mart in increasing the economic independence of the Muhammadiyah Kudus Islamic Boarding School. As Islamic educational institutions, Islamic boarding schools often face financial dependence on fluctuating Educational Development Contributions (SPP) and external aid, which impacts employee welfare and the implementation of student development programs. Efforts to create independent funding sources through business units were previously undertaken with the establishment of Mu Mart in 2016, but were unable to survive due to a lack of professional management and an unstrategic location. This experience led to the establishment of Trenmu Mart in 2025 as a new strategy to build the economic independence of Islamic boarding schools. This research employed a descriptive qualitative method, with data collection techniques including interviews, observation, and documentation. Data analysis was conducted through data reduction, presentation, and drawing conclusions, and its validity was tested using source and method triangulation. The research results show that Trenmu Mart has a positive impact on the economic independence of Islamic boarding schools. Sales have increased significantly every week since the start of operations, with profits used to improve employee welfare through incentives and allowances, and to support various student activities, such as providing learning resources, skills training, and religious programs. Furthermore, Trenmu Mart serves as a learning medium for entrepreneurship for students involved in store operations, providing real-world experience in Sharia-based business management practices. Trenmu Mart's presence also strengthens the relationship between Islamic boarding schools and the surrounding community, which also benefits economically through easy and affordable shopping access. The research conclusion confirms that Trenmu Mart serves not only as a commercial entity but also as a social, educational, and da'wah instrument. Its management concept aligns with the principles of social entrepreneurship in Islamic economics and reflects the application of the maqashid sharia principles in economic activities. With professional management and support from all elements of the Islamic boarding school, Trenmu Mart has long-term prospects as a model of Islamic boarding school economic independence that can be replicated in other Islamic educational institutions in Indonesia
INNOVATION AND CHALLENGES OF BLOCKCHAIN TECHNOLOGY IN THE DIGITAL ERA : AN ANALYSIS OF ITS EFFECTIVENESS IN SHARIAH FINANCIAL MANAGEMENT Muthi&#039;atur Rofi&#039;ah; Moch Syahrul Muzammil
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.12380

Abstract

The development of blockchain technology has brought significant innovation to the financial sector, including the management of Shariah-compliant finance, by enhancing transparency, security, and efficiency of financial transactions in accordance with Shariah principles. This technology utilizes distributed ledger technology (DLT) and smart contracts to ensure authenticity and fairness in transactions, thereby strengthening trust and accountability within the Shariah financial system. This study aims to analyze the effectiveness of blockchain implementation in Shariah finance and identify various challenges faced in the digital era, such as immature regulations, limited digital infrastructure, and low levels of technological literacy among industry players. The research method includes a literature review of relevant journals and reports, as well as case studies of blockchain implementation in Shariah financial institutions. The findings indicate that blockchain plays a crucial role in increasing trust and transparency, but its success heavily depends on the synergy among regulators, Shariah financial institutions, and other stakeholders to overcome these obstacles. These results emphasize the importance of collaborative and innovative strategies to support the sustainable growth of the Shariah financial system in the digital age.
INFLUENCE INFLATION, LEVEL UNEMPLOYMENT OPEN AND HEALTH AGAINST EXTREME POVERTY IN INDONESIA FROM AN ISLAMIC ECONOMIC PERSPECTIVE 2000-2024 USING A VECTOR ERRORS CORRECTION MODEL APPROACH Alfin Ahmad Riyadi; A. Zuliansyah; Zulaikah Zulaikah
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.13031

Abstract

This study aims to analyze the influence of inflation, unemployment, and adequate sanitation on extreme poverty in Indonesia from an Islamic economic perspective. Using time series data from 2000–2024 and a Vector Error Correction Model (VECM) approach, this study examines the long-term and short-term relationships between variables. The analysis shows that inflation, unemployment, and health significantly influence extreme poverty in the long term. This means that economic factors and the quality of the community's living environment play a significant role in determining the level of extreme poverty in Indonesia. However, in the short term, only the open unemployment rate variable significantly influences extreme poverty, while inflation and health have not shown any significant impact. From an Islamic economic perspective, the results of this study emphasize the importance of implementing the principles of justice and balance in economic management, such as suppressing inflation, expanding employment opportunities, and increasing access to healthcare as an effort to reduce extreme poverty and achieve equitable prosperity in Indonesia.
ZISWAF FUND MANAGEMENT MODEL (ZAKAT, INFAK, SEDEKAH, AND WAKAF) IN PEOPLE'S ECONOMIC INSTITUTIONS Ervan Irham Herdian
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.11754

Abstract

Management of Zakat, Infaq, Alms and Waqf (ZISWAF) funds is one of the Islamic financial instruments that has great potential to reduce poverty levels and support community economic empowerment. This research discusses the ZISWAF fund management model which is based on the principles of transparency, accountability and digital innovation to increase efficiency and public trust. By integrating technology such as blockchain, big data analytics, and sharia-based crowdfunding applications, ZISWAF fund management can be maximized to support MSME development, educational programs, and job skills training. This research also identified various challenges, such as low public literacy, limited regulations, and lack of coordination between institutions. The proposed solutions include strengthening regulations, developing digital infrastructure, and collaborating with stakeholders. The research results show that a strategic and integrated approach in managing ZISWAF funds is able to produce sustainable socio-economic impacts while increasing the community's economic independence.