cover
Contact Name
Mohamad Toha
Contact Email
motoha@uac.ac.id
Phone
+6282131349797
Journal Mail Official
journal.mjifm@gmail.com
Editorial Address
https://syariah.jurnalikhac.ac.id/index.php/majapahit/about/editorialTeam
Location
Kab. mojokerto,
Jawa timur
INDONESIA
Majapahit Journal of Islamic Finance and Management
ISSN : -     EISSN : 27980170     DOI : -
Core Subject : Economy, Science,
Majapahit Journal of Islamic Finance and Management (MJIFM) is a journal published by Sharia Economics Study Program Institut Pesantren KH. Abdul Chalim Mojokerto, Indonesia twice a year (June and December). As the name implies, the journal brings two major themes, namely Islamic Finance and Business Management. The journal invites scholars, practitioners, and researchers to submit articles to the management team. Articles submitted will be published after being verified and modified to suit the standard international journals. MJIFM limits only the article publication related to two major themes having been mentioned.
Articles 55 Documents
Search results for , issue "Vol. 5 No. 2 (2025): Islamic Finance and Management" : 55 Documents clear
The Effect of Attitude, Subjective Norms, Perceived Behavioral Control and Environmental Concern on Electric Vehicle Adoption Intention Fajar Satria Darma; Sri Padmantyo
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

The primary objective of this research is to examine how individuals’ intentions to adopt electric vehicles are shaped by their personal attitudes, the perceived expectations of others (subjective norms), their sense of control over the behavior (perceived behavioral control), and their level of environmental consciousness. Adopting a quantitative methodology, the research focuses on Indonesian citizens who express a willingness to shift toward electric vehicle usage. A purposive sampling technique was applied to recruit 220 respondents, with data collected through a structured Likert-scale questionnaire. The analysis employed PLS method using SMARTPLS version 4.0, covering both measurement and structural model assessments. The results indicate that positive attitudes, perceived behavioral control, and environmental concern significantly enhance the intention to adopt electric vehicles. In contrast, subjective norms did not show a statistically meaningful effect. On a theoretical level, this research extends TPB by applying it to the context of electric vehicle adoption in Indonesia. From a practical standpoint, the findings offer important guidance to policymakers and relevant stakeholders in formulating effective strategies to encourage widespread adoption of electric vehicles throughout the country.
The Influence of Village Apparatus Competence, Information Technology Utilization, Internal Control Systems, and Community Participation on the Accountability of Village Fund Management in Bandar Setia, Deli Serdang Damayanti, Putri Merry; Nasution, Yenni Samri Juliati; Kusmilawaty, Kusmilawaty
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.448

Abstract

This study aims to examine the extent to which community participation, village apparatus competence, information technology utilization, and internal control mechanisms influence the accountability of village fund management. A quantitative approach was employed, with data collected through a questionnaire. Respondents comprised both community members and village officials residing in Bandar Setia, Deli Serdang. The data were analyzed using multiple linear regression via SPSS software, based on purposive sampling of 50 selected respondents. The findings revealed the following: (1) Community participation significantly affects the accountability of village fund management (t-value = 2.286 > t-table = 2.014; p-value = 0.027 < 0.05); (2) Village apparatus competence has a significant impact (t-value = 2.119 > t-table = 2.014; p-value = 0.040 < 0.05); (3) The use of information technology also significantly influences accountability (t-value = 3.399 > t-table = 2.014; p-value = 0.001 < 0.05); (4) Internal control mechanisms significantly affect village fund accountability (t-value = 2.501 > t-table = 2.014; p-value = 0.016 < 0.05). Based on these findings, it is recommended that village officials strengthen their organizational commitment to foster a sense of ownership and prevent the misuse of village funds for personal gain. This research is limited to 50 respondents in one village. The results indicate that the application of information technology can enhance accountability in managing village funds. Therefore, training and the digitalization of village administration should be a priority for local governments.
The Influence of Content Marketing and Influencers on Consumer Buying Interest Mediated by Brand Trust Saputra, Arrijal Shonny; Padmantyo, Sri
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study investigates the influence of content marketing and social media influencers on consumer purchase intention, with brand trust examined as a mediating variable. Employing a quantitative causal design, data were collected via an online questionnaire targeting social media users in Surakarta who are at least 18 years old and have been active in the past six months. A purposive sampling technique was applied to recruit 100–200 respondents. While this approach enabled focused data collection, it may have introduced sampling bias and limited demographic diversity, thereby restricting the generalizability of the findings beyond the Surakarta area. The study employed a 5-point Likert scale and analyzed the data using Structural Equation Modeling (SEM) with the Partial Least Squares (PLS) approach via SmartPLS 3 software. Results indicate that both content marketing and social media influencers positively and significantly influence brand trust. Engaging and informative content enhances brand credibility, while credible influencers foster emotional attachment to the brand. Furthermore, brand trust significantly drives purchase intention, highlighting its importance in consumer behavior. Both content marketing and influencers also directly affect purchase intention. However, brand trust does not mediate the relationship between content marketing and purchase intention, nor between influencers and purchase intention, suggesting the presence of other moderating variables such as price sensitivity or perceived product quality. These insights offer valuable implications for businesses seeking to build consumer trust and enhance digital marketing effectiveness, while also acknowledging the limitations in scope and sample representativeness.
The Effect of Islamic Marketing on Customer Loyalty Mediated by Customer Satisfaction a Study of Chicken Slaughterhouses Muhammad Amar Abiyoso; Muhammad Sholahuddin
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

The growing awareness among Muslim consumers regarding the significance of halal and ethical standards in food has prompted businesses, including poultry slaughterhouses, to integrate sharia-compliant principles into their marketing practices. This research investigates the influence of Islamic marketing on customer loyalty, considering customer satisfaction as a mediating factor. Employing a quantitative method, data were gathered from 155 purposively selected consumers in Surakarta who had purchased from chicken slaughterhouses. A structured questionnaire using a Likert Scale was utilized, and data were analyzed through the SEM-PLS technique. Findings reveal that while Islamic marketing exerts a positive yet statistically insignificant impact on customer loyalty, it significantly enhances customer satisfaction. Moreover, customer satisfaction positively and significantly influences loyalty and acts as a significant mediator between Islamic marketing and loyalty. This study provides theoretical contributions by expanding the scope of Islamic marketing studies in the primary food sector, as well as practical contributions in the form of recommendations for marketing strategies that are in accordance with Islamic values. The social implications are increased awareness of the importance of halal consumption and encouragement for local business actors to consistently implement business practices that are in accordance with sharia principles.
The Influence of Digital Marketing, Promotion and Product Innovation on The Marketing Performance of MSMEs in Cikarang Kartika, Dewi; Windi; Yahya, Adibah
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to analyze the influence of digital marketing, promotion, and product innovation on marketing performance among MSMEs in the Cikarang region. The research is motivated by the significant growth in the number of MSMEs, which has intensified competition and demands the application of effective marketing strategies. A quantitative associative method was employed, using purposive sampling and data analysis through Structural Equation Modeling (SEM) with the SmartPLS 3.0 software. The results indicate that digital marketing and promotion have a significant influence on marketing performance, whereas product innovation does not show a significant effect. Therefore, MSME actors are advised to enhance the use of digital media and develop more innovative promotional strategies, while also reevaluating product innovation efforts to better align with market needs. The statistical analysis using SmartPLS revealed that digital marketing (t = 2.223, p < 0.05) and promotion (t = 2.326, p < 0.05) significantly affect marketing performance, while product innovation does not (t = 0.205, p = 0.837). The R² value of 0.728 indicates that 72.8% of the variance in marketing performance is explained by the model, suggesting a strong predictive capability. The study also suggests that future research consider additional variables such as product quality, pricing, and customer service to achieve more comprehensive findings.
The Effect of Liquidity, Leverage, Profitability, and Company Size on Financial Distress (Case Study of Manufacturing Companies in Various Industrial Sectors Listed on the Indonesian Stock Exchange for the Period 2021-2023) Nais Zahrotul Aulia; Fauzan, Fauzan
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to analyze the impact of liquidity, leverage, profitability, and firm size on financial distress in manufacturing companies within the miscellaneous industry sector listed on the Indonesia Stock Exchange during the period from 2021 to 2023. Financial distress is a condition that threatens the survival of a company, making it essential to identify the influencing factors. The research employs a quantitative approach with purposive sampling, involving 81 companies as samples. Secondary data were collected from the companies’ annual financial reports, and data analysis was conducted using multiple linear regression with SPSS version 25. The results indicate that liquidity and firm size positively influence financial distress, meaning that higher liquidity and larger firm size increase the risk of financial difficulties. Conversely, leverage has a negative effect, suggesting that higher debt levels tend to reduce this risk. Profitability does not have a significant impact. These findings provide valuable insights for management and investors in managing financial risks and preventing bankruptcy. The results can also serve as a basis for formulating effective financial strategies. However, this study has limitations in its sector coverage, being limited to the miscellaneous manufacturing sector, which may restrict the generalizability of the findings to other sectors.
The Effect of Capital Structure, Profitability, Dividend Policy, Liquidity and Asset Structure on Stock Prices (Empirical Study on LQ45 Companies Listed on the Indonesia Stock Exchange in 2019-2023) Nasywa Nathania Hirda; Setiawati, Erma
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to analyze the effect of capital structure, profitability, dividend policy, asset structure, and liquidity on stock prices of LQ45 companies listed on the Indonesia Stock Exchange (IDX) for the period 2019–2023. A quantitative approach was used, relying on secondary data obtained from the financial statements of selected companies through purposive sampling. The research sample consists of 18 companies, resulting in 89 observations after outlier adjustments. The data were analyzed using multiple linear regression, preceded by classical assumption tests. The results show that only capital structure has a significant effect on stock prices, while profitability, dividend policy, asset structure, and liquidity do not have a significant impact. The coefficient of determination (Adjusted R²) is 0.082, indicating that the independent variables in this model explain only 8.2% of the variation in stock prices, with the remaining 91.8% explained by other factors outside the model. This research is expected to contribute to the development of financial theory and serve as a reference for investment decision-making.
The Effect of Financial Distress, Leverage, and Profitability on Audit Report Lag with Firm Size as a Moderating Variable (Case Study on FnB Companies Listed on the IDX in 2020-2023) Putri Dilla Maliana; Indah Permata Dewi
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to examine the effect of financial distress, leverage, and profitability on audit report lag, with firm size as a moderating variable. The research focuses on food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. A purposive sampling method was used to select companies that consistently published complete annual financial statements in Indonesian Rupiah during the observation period. Audit report lag is treated as the dependent variable, while financial distress, leverage, and profitability serve as the independent variables. Firm size, measured by the logarithm of total assets, acts as the moderating variable. The data were analyzed using descriptive statistics and Moderated Regression Analysis (MRA). Hypothesis testing was performed through partial t-tests and simultaneous F-tests at a 5% significance level. The results indicate that financial distress and leverage do not significantly affect audit report lag, while profitability has a significant positive impact. These findings confirm only the third hypothesis, suggesting that profitable firms may experience delays in audit completion, possibly due to increased financial complexity.
Optimization of Customer Satisfaction as a Bridge to Loyalty in Student Boarding House Business around Bahaudin Mudhary University Rahmatika, Ferizka; Hidayat, Rachmad; Rahayu, Sri; Fitrianty, Rifda
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.371

Abstract

This study aims to analyze the influence of CRM and Perceived Value on customer loyalty in boarding houses around Bahaudin Mudhary University, Madura. The research was motivated by the need to foster customer loyalty in the competitive student housing industry. A quantitative method was employed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) analysis. Data were collected through questionnaires distributed to boarding house residents near the campus. The results indicate that CRM has a significant effect on customer loyalty, whereas Perceived Value does not significantly influence either loyalty or customer satisfaction. These findings imply that relational approaches are more critical than economic considerations in maintaining boarding house tenants. The synthesis of the discussion confirms that the research objective has been achieved by identifying CRM as a key strategy in fostering tenant loyalty. The policy implication is that boarding house managers should implement structured CRM systems, supported by customer management and service communication training, with active involvement from educational institutions or local governments to promote relational-based boarding service standards.
The Influence of Work Environment, Work Discipline, and Work Motivation on Employee Performance at the Salt Production Area in Sumenep, PT. Garam Yanti, Dewi; Hidayat, Rachmad; Rahayu, Sri
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.373

Abstract

One important factor in an organization is human resources. These human resources can activate and move all components in the organization. Without people, organizations will not be able to operate and run. This study aims to examine the influence of the work environment on employee performance at the salt production area in Sumenep, PT. Garam, as well as to assess the effect of work discipline and work motivation on employee performance in the same location. In addition, the study aims to examine the joint influence of the work environment, work discipline, and work motivation on employee performance at the Pegaraman Area Sumenep PT Salt. A quantitative research approach was employed, with data collected through observation and a questionnaire. The study population consisted of all employees working in the Pegaraman Area Sumenep PT Salt. The data were analyzed using multiple linear regression analysis, hypothesis testing, and the determination coefficient analysis. The results indicate that the work environment, work discipline, and work motivation each have a partial influence on employee performance.