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Mohamad Toha
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Jalan Raya Tirtowening Jl. Raya Tirtowening Pacet No.17, Bendorejo, Bendunganjati, Kec. Pacet, Kabupaten Mojokerto, Jawa Timur 61374
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INDONESIA
Majapahit Journal of Islamic Finance dan Management
Published by Universitas KH. Abdul Chalim
ISSN : -     EISSN : 27980170     DOI : https://doi.org/10.31538/mjifm
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
Majapahit Journal of Islamic Finance and Management (MJIFM) (E-ISSN 2798-0170) is a journal published by Universitas KH. Abdul Chalim Mojokerto Indonesia four times a year (March, June, September 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.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis dan Menejemen Intetrnasional
Articles 298 Documents
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Ethos and Work Ethics of Puger Kulon Village Fishermen from an Islamic Business Ethics Perspective Kurniawan Ramadhani
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 2 (2023): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

The implementation of operational management in a corporation is of utmost importance. Irrespective of the diverse operational processes that are present inside the organization. There is a potential for the existence of conditions and restrictions. The objective of this study is to examine the application of operational management practices within local enterprises in Mojokerto City, specifically focusing on PT Nasional Industry Gasses Indonesia. The research findings indicate that PT Calvary Abadi has implemented many operational management strategies, one of which is quality management through the adoption of ISO standards as a mandatory operational requirement. The study's findings highlight the effective approach of PT Calvary Abadi in ensuring quality, planning, and collaboration within the organization through the implementation of operational management strategies such as ISO standard adoption, annual forecasting, and supply chain coordination. The organization maintains annual management forecasting phases and establishes a well-defined supply chain management structure that facilitates coordination between the company, its suppliers, and consumers. The ideal geographical plan for the company has been determined. This study utilizes qualitative data acquired through the implementation of HR/HSE interview procedures throughout several companies. The research did not employ any sample methodology and solely focused on PT Calvary Abadi as the subject of analysis for operational management.
Ethnomethodology Approach in Investment Decision Making in Islamic Capital Market: An Interaction and Social Practice of Market Participants Muhammad Syahrul Hidayat; Supriyanto; Nurul Mazidah
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 2 (2023): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to investigate and analyze social interactions and social practices underlying investment decision-making in the Islamic capital market. The research focus includes an understanding of how Islamic values are reflected in the interaction of market participants, the communication practices used, and the impact of social context on investment decision-making. This research uses qualitative methods with an ethnomethodological approach through participatory observation, in-depth interviews, and document analysis. Researchers are involved in the daily activities of market participants, whether on the stock exchange, Islamic finance seminars, or investment forums. In-depth interviews were conducted with investors, brokers, and Islamic finance experts to gain a more in-depth perspective. The document analysis includes a study of Islamic finance literature, fatwas, and related documents. The results showed that social interaction and social practices of market participants have a significant role in making investment decisions in the Islamic capital market. Communication practices based on Islamic values play a key role in the decision-making process. The social and cultural context also influences investors’ perceptions and preferences towards Islamic financial instruments. These findings provide deep contextual insights into the factors influencing investment decisions in Islamic capital markets, which can be the foundation for the development of Islamic ethics-based investment strategies.
An Examination of the Mergers and Acquisitions Involving PT Goto Gojek Tokopedia Tbk Dana Syahputra Barus; Elida Elfi Barus
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 2 (2023): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

The merger of Gojek and Tokopedia, two leading start-ups in Indonesia, culminated in the creation of a unified entity known as GoTo on May 17th, 2021. This strategic integration marks a significant milestone, positioning GoTo as a major player in the Southeast Asian market. The primary objective of this study is to comprehensively analyze the factors and challenges inherent in the GoTo E-Commerce Merger process. Employing a qualitative research methodology, this study delves into the complexities of the merger, shedding light on critical aspects. The merger not only facilitates geographical expansion for GoTo but also positions it strategically to enhance operational effectiveness and efficiency. This geographical expansion is a crucial aspect, as it allows GoTo to tap into other Southeast Asian markets, creating a formidable presence that enables it to compete more effectively with prominent technology conglomerates. However, the post-merger scenario for PT GoTo has not been without its share of challenges. The study identifies and scrutinizes four major challenges faced by the company in the aftermath of the merger. This study provides a nuanced examination of the GoTo E-Commerce Merger, offering valuable insights into the underlying factors and challenges faced by PT GoTo. Through a qualitative research methodology, the study contributes to a comprehensive understanding of the dynamics at play in the post-merger landscape, shedding light on critical aspects that demand strategic attention and management.
This Study Examines the Moderating Effect of Coaching on the Association between Workplace Training and the Distribution of Training Results Stefano de Nichilo
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 2 (2023): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

In recent years, coaching has been a prominent method for developing employees, with various objectives such as boosting professional skills, promoting student learning outcomes, and strengthening the effectiveness of training programmes within businesses. The existing literature on the subject is somewhat scarce, as it pertains to the investigation of coaching's influence on the effectiveness of training. Therefore, the primary objective of this study is to investigate the impact of in-class training on the execution of training outcomes, with a specific focus on project assignments. Furthermore, the primary objective of this study is to examine the potential moderating role of coaching in the association between in-class training and the realisation of training outcomes, specifically in the context of project assignments. The main methodology applied in this study is a quantitative approach, in which numerical data is utilised and submitted for quantitative analysis. The research data was obtained from the results of the assessment of the MDP training curriculum. The study sample comprised 131 individuals. The methodology utilised in this study for data processing is Moderate Regression Analysis (MRA). The results of the study utilising Multiple Regression Analysis (MRA) suggest that coaching acts as a moderating variable in the Quasi model. Research has demonstrated that training is effective in enhancing an individual's knowledge, equipping them with the analytical skills necessary for identifying and resolving issues within their respective work units. The implementation of this approach facilitates the coaching process, enhancing its efficiency and concentration, hence leading to the successful completion of performance appraisals. This suggests that the integration of coaching with Class Training results in an observed improvement in the ability to carry out Project Assignments (PA) with greater effectiveness. The ability to fulfil project activities includes the proficiency to produce project evaluation reports and deliver presentations.
Service Quality Bus Rapid Transit JATIM, Corridor I Sidoarjo-Surabaya-Gresik Miftahal Anjarsabda Wira Buana; Moh. Ah. Subhan Z. A.
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 2 (2023): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

There has been a significant decrease in public interest in the use of the Jatim Bus Rapid Transit (BRT) system. The present matter has a substantial impact on the decline in revenue for Perum Damri. The primary aim of this study is to evaluate the service quality of Jatim Bus Rapid Transit in Jatim, with the ultimate goal of improving public participation in this specific kind of public transportation. The results of this study reveal a significant discrepancy of -1.49, suggesting a divergence between the perceptions and anticipations of participants regarding the operating hours of the Jatim Bus Rapid Transit system. The majority of participants, comprising 64 individuals (68.1%), expressed a lack of familiarity with the operational hours of the Bus Rapid Transit (BRT) system. Additionally, they reported experiencing frequent occurrences of delayed bus arrivals at authorized bus stops. The participants conveyed their expectations regarding the clear and explicit operational hours (arrival and departure) of the Bus Rapid Transit (BRT) system. A narrower gap, tending towards zero or a positive value, signifies a heightened degree of service quality demonstrated by the organization. Conversely, when the magnitude of the gap expands, there is a corresponding decline in the degree of service quality offered by a firm. The notable decrease in the public interest and the significant discrepancy in perceptions of the Jatim Bus Rapid Transit (BRT) system’s operating hours reveals a pressing need for Perum Damri, the provider, to enhance service quality, particularly addressing issues of operational transparency and punctuality. Hence, it is crucial for service-oriented entities such as Perum Damri, the provider of the Jatim Bus Rapid Transit in Jatim, to prioritize the enhancement of service quality, with a specific focus on locations that demonstrate the most significant discrepancies as indicated by the available data.
A Critical Examination of Operational Management Practices at PT Calvary Abadi Mojokerto Muh. Syaukin Muttaqin; Muhammad Syahbudi
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 2 (2023): 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

Abstract

The implementation of operational management in a corporation is of utmost importance. Irrespective of the diverse operational processes that are present inside the organization. There is a potential for the existence of conditions and restrictions. The objective of this study is to examine the application of operational management practices within local enterprises in Mojokerto City, specifically focusing on PT Nasional Industry Gasses Indonesia. The research findings indicate that PT Calvary Abadi has implemented many operational management strategies, one of which is quality management through the adoption of ISO standards as a mandatory operational requirement. The study's findings highlight the effective approach of PT Calvary Abadi in ensuring quality, planning, and collaboration within the organization through the implementation of operational management strategies such as ISO standard adoption, annual forecasting, and supply chain coordination. The organization maintains annual management forecasting phases and establishes a well-defined supply chain management structure that facilitates coordination between the company, its suppliers, and consumers. The ideal geographical plan for the company has been determined. This study utilizes qualitative data acquired through the implementation of HR/HSE interview procedures throughout several companies. The research did not employ any sample methodology and solely focused on PT Calvary Abadi as the subject of analysis for operational management.
Analysis of Islamic Law on the Efforts of Covering Physical Evidence of Murabahah Financing Transactions Hana, Ubaid Aisyul; Syarifudin, Muhammad
Majapahit Journal of Islamic Finance and Management Vol. 1 No. 1 (2021): 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.v1i1.1

Abstract

The research aims to answer the problem of how to cover physical evidence by PT. BPRS Jabal Nur according to Islamic legal analysis. The research data is collected through interviews and the documentation is then analyzed using descriptive analysis techniques, namely the most basic analysis to describe the data in general. The results of the study concluded that the policies agreed upon by the BPRS Jabal Nur Surabaya were expressly prohibited by Islamic law, because they did not comply with the regulations made by the government. As explained in the Koran Surat al-Nisa’ verse 59. The policy is the covering (manipulation) of physical evidence in the form of notes for customers who do not deposit notes for certain reasons. It was done by the bank due to a lack of staff in handling the above problems and a lack of customer knowledge about the importance of these notes for the bank in their annual reports. In line with these conclusions, BPRS Jabal Nur must be firm with customers to submit physical evidence in the form of notes and tighten the recruitment process for the company so that it is better than what is expected by BPRS Jabal Nur Surabaya.
Analysis of Gempol Muslim Society’s Interest on The Use of E-Toll Card Azizah, Zumrotul; Demila, Demila
Majapahit Journal of Islamic Finance and Management Vol. 1 No. 1 (2021): 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.v1i1.2

Abstract

This research is motivated by problems often occuring on toll roads, especially during transactions at the gate. Transactions that occur between officers and drivers take a long time because toll officials have to check the origin of the vehicle to determine the rate, then calculate the change. To anticipate congestion on toll roads, especially during peak days and hours because the queues at the toll booths are too long, a higher speed is required in making toll payments using the electronic toll service (e-Toll) at the Automatic Toll Gate (GTO). This research is a qualitative research, the data is obtained by natural setting. Data collection techniques were carried out by observation, interviews and documentation. The outline in collecting the data is that the author will find out about whether the Muslim community of Gempol knows about the e-Toll card, the community uses e-Toll for what reasons, then the researcher will find out the extent of interest in using e-Toll cards in the region of Gempol. The results showed that; first, the interest of the Gempol Muslim community in using e-Toll cards is still low because it is far from the target number. According to predictions of Jasa Marga employees, it still reached 17 percent as of January 2018, while the target figure is 100 percent. In addition, there are also many pros and cons of the bank's new product in the form of e-Toll. E-Toll card has no significant relationship with reducing congestion, although as of October almost 100% of toll gates in Indonesia use GTO, but for congestion it could be due to vehicle volume, road engineering, accidents, narrowing of lanes, reduction of lanes, number of gates tolls, and the number of toll gates opened. Second, the factors influencing the Muslim community of Gempol on the use of e-Toll cards are government regulations, the influence of advertisements and the public feel the benefits obtained from e-Toll.
Analysis of The Implementation of Sharia Strategy Management at BMT Maslahah Toha, Mohamad; Ulfa, Elly; Yanti Sandra Dewi, Novi
Majapahit Journal of Islamic Finance and Management Vol. 1 No. 1 (2021): 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.v1i1.3

Abstract

Strategic management is a determinant of employee performance in the long term with the level of managerial decisions and actions. It includes environmental observation, strategy formulation, strategy implementation, evaluation and control. The research was conducted to analyze Sharia Strategic Management (MSS) at BMT Maslahah. It uses qualitative research methods, while data collection through interview techniques and documentation techniques. After the research was conducted, it was found that the strategic management process used by BMT Maslahah would be updated according to the needs and long-term development of the company. As for the strategy formulation, it is done by gathering all the members who will later be adjusted to the suggestions and the results of the joint discussion. The implementation of the strategy is adjusted to the existing mission at BMT Maslahah, such as managing cooperatives according to the identity of the students and also implementing the sharia system using the salaf book standards as well as in accordance with the fatwas of the National Sharia Council (DSN). It is stated that the BMT Maslahah in its implementation has implemented sharia principles which are marked by the implementation of four aspects differentiating it from conventional strategic management, including aspects of tawhid, orientation, motivation and sharia strategy.
Analysis of Soundness Level in the CAMELS Ratio Perspective Muttaqin, Muh. Syaukin; Putri, Sindy Marchelia; Rumilah, Siti
Majapahit Journal of Islamic Finance and Management Vol. 1 No. 1 (2021): 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.v1i1.4

Abstract

Banks in a country have an important role. One of its functions is as a financial intermediary whose operations are for the community. The soundness of banks and their stability are very important because they affect the ups and downs of an economy. It can foster public trust because people are increasingly selective in choosing financial institutions. Bank Syariah Mandiri is the bank with the highest total assets compared to other Islamic banks. The purpose of the study was to determine the level of soundness at Bank Syariah Mandiri during the 2017-2019 period using the CAMELS ratio. The results show that the soundness of Bank Syariah Mandiri Syariah, even though it has a greater total assets than other Islamic banks, is still not in the very healthy category because from the research results, Bank Mandiri Syariah is currently in the healthy category. However, on the sensitivity risk assessment, Bank Syariah Mandiri is in the very healthy category.

Page 4 of 30 | Total Record : 298

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