Journal of Management and Islamic Finance
Journal of Management and Islamic Finance (JMIF) openly welcomes scholar, postgraduate students, and practitioners to submit their best research articles that correspond to the topics. This journal covers textual and empirical, as well as classical and contemporary researchers on Islam. Papers are prioritized to but not limited to- researchers about Management and Islamic Finance in Indonesia. The scopes of accepted papers are: Management Islamic finance management marketing management Islamic business management Islamic finance Islamic economic Islamic economic & business Law
Articles
100 Documents
<![CDATA[GEN-Z'S CONSUMPTIVE BEHAVIOR TOWARDS THE TREND OF YOU LIVE ONLY ONCE TO YOU NEED ONLY ONE IN THE PERSPECTIVE OF ISLAMIC BUSINESS ETHICS ]]>
<![CDATA[Anggraini, Misi]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.12385
<![CDATA[This study explores the shift in consumptive behaviour among Generation Z from the "You Live Only Once" (YOLO) trend to "You Need Only One" (YONO) through the lens of Islamic business ethics. Employing a qualitative research design, data were collected via in-depth interviews and netnographic observation of social media activities. Findings reveal that the YONO trend reflects a growing ethical awareness and preference for mindful consumption, influenced by Islamic values emphasizing moderation, responsibility, and sustainability. The discussion highlights how this transition challenges conventional consumption patterns and offers insights into integrating ethical considerations in Gen Z’s consumer behaviour, contributing to both individual well-being and social welfare. This research provides critical implications for marketers, policymakers, and scholars interested in ethical consumption and Islamic business principles.]]>
<![CDATA[THE ROLE OF DIGITAL PLATFORM QUALITY IN SHAPING DONOR SATISFACTION AND LOYALTY: A STUDY ON RUMAH ZAKAT ONLINE DONATION SERVICES ]]>
<![CDATA[Rusmayadi, Syaira Raditya]]>;
<![CDATA[Rosinawati, Dian]]>;
<![CDATA[Cahyanti, Irni Sri]]>;
<![CDATA[Novita, Dwi]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.13147
<![CDATA[Rumah Zakat as a national zakat institution has adopted online donation services to facilitate the process of collecting funds. However, there are still problems with online donations that occur at Rumah Zakat, namely: system errors, virtual accounts, and pending transactions that affect donor satisfaction and loyalty at Rumah Zakat. So, this study aimed to 1) determine the implementation of online donation service quality 2) to determine the measurement of donor satisfaction and loyalty 3) to test the effect of online donation service quality on donor satisfaction and loyalty. This study used a quantitative method with a descriptive approach. Data collection techniques were carried out through questionnaires involving 100 donor respondents. The data were analyzed using simple linear regression by SPSS software version 25. The results showed that the quality of online donation services had a significant positive effect on donor satisfaction. And the quality of online donation services had a significant positive effect on donor loyalty. These findings confirm that improving service quality, such as reliability, responsiveness, assurance, empathy, and the physical appearance of the digital platform, can create a positive donation experience, to increase satisfaction, and encourage long-term donor loyalty to Rumah Zakat.]]>
<![CDATA[THE INFLUENCE OF FOOD INFLUENCERS ON CULINARY PURCHASE INTENTION ]]>
<![CDATA[Azis, Saipul]]>;
<![CDATA[Habibi, Roihan]]>;
<![CDATA[Supriyadi, Ilham]]>;
<![CDATA[Ikhsan, Ainul]]>;
<![CDATA[Akbar, Anton]]>;
<![CDATA[Candra, Dul]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.13160
<![CDATA[This study aims to analyze the influence of food influencers in Padang, specifically examining three credibility dimensions: attractiveness, trustworthiness, and expertise, on consumer purchase intention in the culinary sector. This research is motivated by the importance of understanding influencer effectiveness in the digital era, which is driven by "instant gratification," particularly in a region with a rich culinary heritage like Padang. This study fills a gap in the literature, as specific research on this topic in Padang remains limited. The research employs a quantitative approach with a causal-associative design. Primary data were collected through an online questionnaire (Google Forms) distributed to 150 respondents with criteria requiring respondents to be familiar with Padang cuisine, have seen food influencer content, and be over 17 years old. Data were analyzed using Structural Equation Modeling Partial Least Squares (SEM-PLS) with SmartPLS 4.1.1.4 software. The findings indicate that trustworthiness (p=0.002) and expertise (p=0.000) have a significant positive influence on purchase intention. Expertise was identified as the most influential factor. Conversely, the study found that an influencer's attractiveness (p=0.477) has no significant influence in the context of Padang culinary products. The structural model demonstrated high predictive relevance (Q² = 0.522). Theoretically, this research contributes to the source credibility literature by demonstrating that for experiential products like cuisine, consumers value substantive credibility cues (knowledge and trust) over peripheral cues (physical appearance). From a managerial perspective, culinary entrepreneurs in Padang are advised to prioritize collaborations with influencers perceived as authentic and knowledge.]]>
<![CDATA[THE EFFECT OF GOLD PRICE FLUCTUATIONS ON CUSTOMER INTEREST IN GOLD INSTALLMENT INVESTMENTS ]]>
<![CDATA[Mukhlis, Mukhlis]]>;
<![CDATA[Romi, Muhammad]]>;
<![CDATA[Mardiah, Azmi]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.13186
<![CDATA[Gold installment products at Bank Syariah Indonesia represent Sharia-compliant investment instruments that emphasize the principles of avoiding usury, gharar, maysir, and speculative practices, ensuring that transactions occur transparently and in accordance with Islamic financial ethics. This study aims to analyze the effect of gold price fluctuations on customer interest in investing in gold installment products at PT Bank Syariah Indonesia Duri Hangtuah Branch Office. This study uses a quantitative approach with a correlational research type to determine the relationship between the variable of gold price fluctuations (X) and customer interest in investing in gold installments (Y). The research sample consisted of 67 respondents selected through accidental sampling techniques. Data were obtained through questionnaires and analyzed using simple linear regression analysis with the help of SPSS version 25. The results show that gold price fluctuations have a positive and significant effect on customer interest, as evidenced by the calculated t-value of 9.513 > t-table 1.296 and a significance level of 0.000 < 0.05. The coefficient of determination (R²) value of 0.582 indicates that 58.2% of the variation in customer interest is explained by gold price fluctuations, while the remaining 41.8% is influenced by other factors outside the model, such as promotions, investment risks, and financial literacy. This study contributes to the Islamic finance literature by empirically demonstrating that volatility in Islamic gold prices can increase customer interest. Practically, these findings suggest that Indonesian Islamic banks should utilize real-time gold price monitoring in their Sharia-compliant marketing and customer education strategies.]]>
<![CDATA[CUSTOMER E-TRUST MEDIATION: THE ROLE OF E-SERVICE QUALITY AND LIVE STREAMING ON REPURCHASE BEHAVIOR IN THE SHOPEE MARKETPLACE ]]>
<![CDATA[Anggrahadi, Daru]]>;
<![CDATA[Haris, Helmi]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.13239
<![CDATA[This study aims to examine a research model expected to identify the effects of e-service quality and live streaming on consumer repurchase behavior on Shopee, with trust as a mediating variable. The respondent data were obtained from online questionnaires distributed to Shopee users and surveys administered to the people of Surakarta City, totaling 102 respondents over a three-month period from July to September 2025. This research employed SEM-PLS (Partial Least Squares) analysis using the SmartPLS 3 method. The analysis consisted of the outer model, inner model, and hypothesis testing. The hypothesis testing results indicate several positive and significant direct relationships, including: e-service quality has a positive and significant effect on purchases on Shopee; live streaming has a positive and significant effect on purchases on Shopee; e-service quality has a positive and significant effect on trust as a mediating variable; and live streaming has a positive and significant effect on trust as a mediating variable. However, trust does not have a positive and significant effect on consumer behavior. Regarding the mediation effect on consumer behavior, trust does not mediate the relationship between e-service quality and consumer purchasing behavior on Shopee, nor does it mediate the relationship between live streaming and consumer purchasing behavior on Shopee. This study is expected to provide beneficial theoretical implications as well as guidance for future research. In addition, the findings may serve as input for Shopee in designing trust-related programs that integrate e-service quality and live streaming]]>
<![CDATA[THE ROLE OF LIQUIDITY AND FINANCING RISK INFLUENCING PROFITABILITY OF SHARIA RURAL BANK IN INDONESIA ]]>
<![CDATA[Ridwansyah]]>;
<![CDATA[Andriani, Yulia]]>;
<![CDATA[Wiraputra, Jhody]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.13285
<![CDATA[This study aims to analyze and prove empirically the effect of liquidity and financing risk, either partially or simultaneously, on profitability at Sharia Rural Banks (SRB) in Indonesia during the period 2021 to 2024. This study uses a quantitative approach with monthly secondary data sourced from the Islamic Banking statistical reports of the Financial Services Authority (OJK). Data analysis techniques used are descriptive statistics, classical assumption test, and hypothesis test. The test results showed that liquidity has a positive and significant effect on the profitability of SRB, which indicates that optimal liquidity management is crucial in achieving profits. In contrast, variable risk financing (NPF) was found to have no significant effect on SRB profitability, implying that SRB may have implemented effective risk mitigation strategies to mitigate the impact of NPF on net income. And simultaneously the liquidity and financing risk variables do not affect the profitability of the SRB in Indonesia. These findings provide practical implications for SRB management and regulators to focus strategies on balancing cash availability with productive financing allocation in order to achieve sustainable profitability.]]>
<![CDATA[DIGITAL ZAKAT IN THE DYNAMICS OF NATIONAL ZAKAT FUND COLLECTION IN INDONESIA ]]>
<![CDATA[Putra, Riyan]]>;
<![CDATA[Habibi, Ahmad]]>;
<![CDATA[Iqbal Fasa, Muhammad]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.13288
<![CDATA[The rapid expansion of digital payment systems in Indonesia has transformed the way Muslims fulfil their zakat obligations. This transformation raises an important question regarding the extent to which the growth of digital zakat contributes to national zakat fundraising performance. This study examines the relationship between digital zakat collection and total national zakat fundraising using secondary data from the annual reports of BAZNAS during the period 2019–2024. A descriptive–associative quantitative approach was employed to map year-to-year developments and to test whether the rise in digital zakat corresponds with the upward trend in national zakat receipts. The findings reveal a consistent increase in digital zakat collection accompanied by steady growth in total national zakat fundraising. Regression analysis indicates a statistically significant positive association between both variables, suggesting that digitalization has enhanced accessibility, accelerated payment processes, and broadened the muzakki base. These results underscore the strategic importance of strengthening digital governance, technological infrastructure, and institutional readiness within zakat organizations. The study contributes to the growing discourse on Islamic social finance by providing empirical evidence on the macro-level effect of digital fundraising within Indonesia’s zakat ecosystem]]>
<![CDATA[DOOM SPENDING AMONG GENERATION Z: AN ANALYSIS OF IMPULSIVE BUYING BEHAVIOR ON E-COMMERCE PLATFORMS ]]>
<![CDATA[Andrean, Rizky]]>;
<![CDATA[Fikri, Muhammad Khoirul]]>;
<![CDATA[Wulan, Elis Ratna]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.13289
<![CDATA[The development of digital technology and the rapid use of e-commerce platforms have driven changes in consumption behavior, especially among Generation Z. One of the emerging phenomena is doom spending, which refers to consumption driven by emotional pressure or stress. This study aims to examine the effect of hedonic shopping motivation, social influence, and perceived ease of use of e-commerce platforms on impulsive buying among Generation Z. This research employed a quantitative method with a purposive sampling technique, involving 269 respondents. Data were analyzed using SEM-PLS with SmartPLS 3. The findings indicate that hedonic shopping motivation and social influence exert a positive and significant effect on impulsive buying, whereas perceived ease of use does not significantly affect impulsive buying behavior. These results highlight that emotional gratification and social pressures are the primary triggers of impulsive buying among Generation Z rather than the perceived simplicity of the platform. This study contributes to the growing discourse on digital consumer behavior by providing empirical evidence on the drivers of doom spending in the Indonesian Gen Z context, offering insights that can inform e-commerce platform strategies and consumer well-being interventions]]>
<![CDATA[PERCEIVED QUALITY AND WILLINGNESS TO BUY AS DETERMINANTS OF PRICE CHANGE FREQUENCY: EVIDENCE FROM RETAIL STORES IN BANDUNG ]]>
<![CDATA[Aziz, Aghni Aulia]]>;
<![CDATA[Mufida Pertiwi, Ninda Annisa]]>;
<![CDATA[Zaky, Muhammad]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.13323
<![CDATA[This study examines the influence of perceived quality and willingness to buy on the frequency of price change in the retail sector, using evidence from retail stores in Bandung, Indonesia. In highly competitive retail markets, price adjustments are often treated as firm-driven decisions; however, consumer perceptions and behavioral responses may also play a critical role in shaping pricing dynamics. Using a quantitative approach, data were collected from retail consumers and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results indicate that perceived quality has a positive and significant effect on the frequency of price change, suggesting that retailers tend to adjust prices more frequently when consumers perceive product quality favorably. In addition, willingness to buy is found to positively influence price change frequency, implying that stronger consumer purchase intention encourages retailers to respond more actively through pricing adjustments. These findings demonstrate that price change frequency in retail settings is not solely driven by internal cost or competitive factors but is also influenced by consumer evaluations and market signals. As a contribution to the literature, this study offers a novel perspective by positioning price change frequency as an outcome of consumer psychological constructs rather than merely a determinant of consumer behavior. The results provide practical insights for retail managers in Bandung and similar urban markets to design pricing strategies that are responsive to consumer perceptions while maintaining strategic pricing consistency.]]>
<![CDATA[SOCIAL ENTREPRENEURSHIP IN ISLAMIC ECONOMIC PERSPECTIVE: A CONCEPTUAL STUDY IN ISLAMIC BOARDING SCHOOLS ]]>
<![CDATA[Yustanti, Diah Rosna]]>;
<![CDATA[Dini, Maya]]>;
<![CDATA[Wijaya, Angka]]>
<![CDATA[ Journal of Management and Islamic Finance Vol. 5 No. 2 (2025): Journal of Management and Islamic Finance ]]>
Publisher : <![CDATA[UIN Raden Mas Said Surakarta ]]>
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DOI: 10.22515/jmif.v5i2.13361
<![CDATA[This study focuses on developing a conceptual framework of Islamic social entrepreneurship based on maqashid al-shariah and analyzing its relationship with the economic development of pesantren (Islamic boarding schools). Employing an integrative literature review and qualitative content analysis, the research synthesizes theories of social entrepreneurship, maqashid al-shariah principles, and Islamic economic empowerment practices in pesantren. The findings demonstrate that maqashid al-shariah functions as a normative and evaluative framework that guides entrepreneurial activities to achieve equilibrium between spiritual, social, and economic aspects. The values of maslahah, ‘adl, and ta’awun form the ethical foundation for building a fair and sustainable model of social entrepreneurship within pesantren. This study proposes a conceptual model of maqashid-based pesantrenpreneurship that integrates Islamic social values with digital innovation and community cooperation. The study contributes theoretically by extending Islamic social entrepreneurship literature through a maqashid-driven approach and practically by offering strategic guidance for developing pesantrenpreneurship to enhance economic self-sufficiency and community welfare.]]>
