cover
Contact Name
Mohamad Toha
Contact Email
motoha@uac.ac.id
Phone
+623216855722
Journal Mail Official
journal.mjifm@gmail.com
Editorial Address
Jalan Raya Tirtowening Jl. Raya Tirtowening Pacet No.17, Bendorejo, Bendunganjati, Kec. Pacet, Kabupaten Mojokerto, Jawa Timur 61374
Location
Kab. mojokerto,
Jawa timur
INDONESIA
Majapahit Journal of Islamic Finance dan Management
ISSN : -     EISSN : 27980170     DOI : https://doi.org/10.31538/mjifm
Core Subject : Economy, Science,
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.
Articles 432 Documents
THE EFFECT OF FINANCIAL CONSTRAINTS ON FINANCIAL PERFORMANCE WITH EMPLOYEE TURNOVER LEVEL AS A MEDIATION VARIABLE IN NON-CYCLICALS CONSUMER COMPANIES GOING PUBLIC IN INDONESIA IN THE PERIOD 2018 – 2024 Irba, Niar; Budianto, Risky
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.895

Abstract

This study examines the effect of financial constraints on financial performance with employee turnover as a mediating variable in Consumer Non - Cyclicals companies listed on the Indonesia Stock Exchange during the 2018 – 2024 period. The research problem arises from increasing financial pressure, particularly during the COVID-19 pandemic, which potentially affects workforce stability and corporate financial performance. This study employs a quantitative explanatory approach using panel data, analyzed through random effects regression and mediation testing, with robustness checks using the KZ Index and SA Index. The results indicate that financial constraints have a negative effect on financial performance and a positive effect on employee turnover. However, employee turnover does not mediate the relationship between financial constraints and financial performance. Future research is encouraged to apply alternative measures of firm performance and incorporate organizational or behavioral variables to better explain the internal mechanisms underlying this relationship.
Analysis of Wage Administration and Article 21 Income Tax for Employees with Income below the Non-Taxable Income Threshold Meliana Anggraini; Deviana Sari; Chairian Tomy
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the implementation of wage administration and the fulfillment of Income Tax (PPh) Article 21 obligations for production employees whose income is below the Non-Taxable Income threshold. The research method used is descriptive qualitative, with data collection techniques including participatory observation and documentation study. Data analysis was conducted using a simulation of average income index, rather than actual employee income data, in order to maintain data confidentiality while still providing a representative overview of wage conditions. The results show that the company’s wage system applies an index-based method that integrates physical attendance (fingerprint) with fluctuating wage components such as meal allowances, transportation, and incentives. Based on the simulation using the annual net income calculation formula, the average income of production employees is below the Non-Taxable Income threshold for the TK/0 category (Rp54,000,000), resulting in a “Nil” tax status. Nevertheless, the company demonstrates a high level of administrative compliance through transparent payslip management and systematic tax reporting. This indicates that orderly administration is crucial for maintaining the accuracy of labor cost data and ensuring the company’s fiscal compliance readiness in the future.
THE ROLE OF TRANSFORMATIONAL LEADERSHIP IN IMPROVING EMPLOYEE PERFORMANCE WITH THE DESIRE TO ACHIEVE AS A MEDIATION VARIABLE AT PT GRACIA KREASI ROTAN UNIT 1 CIREBON Dina Luthfiyah Nurjanah; Anna Suzana
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.897

Abstract

This study aims to analyze the effect of transformational leadership on employee performance with achievement motivation as a mediating variable at PT Gracia Kreasi Rotan Unit 1 Cirebon. The research approach used is quantitative with a causal associative design. Data were collected through questionnaires distributed to production employees and analyzed using the Structural Equation Modeling method based on Partial Least Squares (SEM-PLS). The results of the study indicate that transformational leadership has a positive and significant effect on employee performance. In addition, transformational leadership has also been shown to have a positive effect on employee achievement motivation. Achievement motivation, in turn, has a positive and significant effect on employee performance. Other findings reveal that achievement motivation plays a significant mediating variable in the relationship between transformational leadership and employee performance. These findings indicate that employee performance improvement is not only determined by leadership style, but also by employees' internal drive to achieve. This study provides practical implications for company management in designing transformational leadership strategies that are able to foster achievement motivation so that employee performance can improve sustainably.
THE EFFECT OF VALUE ADDED TAX AND ELECTRONIC SYSTEMS ON NETFLIX PURCHASE DECISIONS Aprina Choiria; Lili Syafitri; Vhika Meiriasari
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.898

Abstract

This study aims to determine the effect of value added tax and electronic systems on Netflix purchasing decisions. The subjects of this study were active students of Universitas Indo Global Mandiri in 2024-2025. The sample of this study was obtained through the Slovin formula, resulting in 97 respondents. The data analysis technique was multiple linear regression, with validity and reliability tests used in measuring the questionnaire. Based on the results of the simultaneous test that has been conducted, it was found that the variables of Value Added Tax (X1) and Electronic Systems (X2) have a significant influence on Netflix Purchasing Decisions with a significance value of 0.000 <0.05. The results of the partial test show that the significance value of Value Added Tax (X1) on Netflix Purchasing Decisions is 0.032 <0.05. This means that H0 is rejected and H1 is accepted, which means that Value Added Tax has a positive effect on Netflix Purchasing Decisions. The significance value of Electronic Systems (X2) on Netflix Purchasing Decisions is 0.000 <0.05. This means that H0 is rejected and H2 is accepted, which means that the Electronic System has a positive influence on Netflix Purchase Decisions.
THE EFFECT OF PRICE AND LOCATION ON CONSUMER PURCHASING DECISIONS AT TOKO ANGGUN BANGUNAN KULIM IN PEKANBARU CITY Anggun, Putri; Syahdanur
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.899

Abstract

This study aims to determine and analyze the effect of price and location on consumer purchasing decisions at Toko Anggun Bangunan Kulim, Pekanbaru City. The research method used is a quantitative method with descriptive and associative approaches. The population in this study were all consumers who had made purchases at Toko Anggun Bangunan, and the sampling technique used was accidental sampling, resulting in a sample of 100 respondents. Data collection was carried out through questionnaires, while data analysis used validity tests, reliability tests, classical assumption tests, multiple linear regression analysis, t-test, F-test, and coefficient of determination (R²) with the help of SPSS program. The results of the study indicate that partially the price variable has a significant effect on purchasing decisions, and the location variable also has a significant effect on purchasing decisions. Simultaneously, price and location have a significant effect on consumer purchasing decisions. The coefficient of determination shows that price and location variables are able to explain consumer purchasing decisions, while the rest is influenced by other variables not examined in this study.
THE EFFECT OF PERCEPTION OF CONVENIENCE, E-SERVICE QUALITY, PROMOTION AND PERCEPTION OF RISK ON INTEREST IN USING E-WALLETS AMONG STUDENTS IN YOGYAKARTA Nur Ainun; Fahrul Iman Santoso
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.903

Abstract

This study aims to analyze the influence of perceived ease of use, e-service quality, promotion, and risk perception on the interest in using e-wallets among students in Yogyakarta. The background of this study is based on the rapid development of financial technology that is driving changes in people's transaction behavior towards a cashless system. Although e-wallet use is increasing, the intensity of use is still relatively low, so further study is needed to determine the factors that influence interest in using it. This study uses a quantitative approach with a survey method by distributing questionnaires to 110 respondents who are active students in Yogyakarta and e-wallet users. The data analysis technique used is Structural Equation Modeling based on Partial Least Squares (SEM-PLS) with the help of SmartPLS software. The results show that partially, perceived ease of use and e-service quality do not significantly influence interest in using e-wallets. Meanwhile, promotion is proven to have a positive and significant effect on interest in using e-wallets. Perceived risk also shows a positive and significant effect on interest in using e-wallets, indicating that users still consider the risk aspect in making decisions about using financial technology. Simultaneously, the four variables contributed 31.4% to e-wallet usage interest. This finding implies that effective promotional strategies, along with increased trust and understanding of risks, are crucial factors in increasing e-wallet usage interest among students.
DIGITAL MARKETING AND EXPERIENTIAL MARKETING IN BUILDING CUSTOMER LOYALTY THROUGH TRUST Raodatul Jannah; Satoto, Eko Budi; Qomariah, Nurul
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.906

Abstract

This study examines the role of digital marketing and experiential marketing in shaping customer loyalty through customer trust in micro-culinary businesses, particularly angkringan in Situbondo Regency. The rapid growth of digital platforms has changed how small food vendors interact with consumers, yet many traditional businesses still face challenges in converting digital engagement and on-site experiences into sustained loyalty. This research addresses how digital marketing and experiential marketing influence customer loyalty and whether customer trust mediates these relationships. The study offers novelty by integrating both marketing approaches into a single structural model, positioning customer trust as an intervening variable within the underexplored context of traditional micro-culinary businesses. A quantitative method was applied using a cross-sectional survey of 385 angkringan customers. Data were collected through structured questionnaires and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS 3.0. The results show that digital marketing and experiential marketing have positive and significant effects on both customer trust and customer loyalty. Customer trust also significantly influences loyalty and partially mediates the relationship between experiential marketing and loyalty. The findings highlight the importance of combining digital strategies with meaningful customer experiences to build trust and sustain long-term customer loyalty.
THE EFFECT OF PROFITABILITY AND SOLVABILITY ON COMPANY VALUE AT PT. GUDANG GARAM Tbk (2018-2023 PERIOD) Aliyah, Hikmatul; M.S, Septiana; Apriyanti, Nadila; Aida, Siti Nur’
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.907

Abstract

The increasingly competitive cosmetics industry pushes Wardah to implement effective marketing strategies and reach ideal sales targets. Pemasaran strategies and achievement metrics are crucial in influencing consumer purchasing decisions. Because of this, the purpose of this study is to analyze the impact of these two factors on the decision to purchase Wardah products at Toko Femina Metro Lampung. The purpose of this study is to analyze the impact of pemasaran strategies and achievement metrics on consumer demand for Wardah products. In addition, this study aims to understand the simultaneous effects of the two variables in question at Toko Femina Metro Lampung. This study uses a quantitative approach with an asosiatif approach. The research sample consists of Wardah product consumers at Toko Femina Metro Lampung who are selected using the purposive sampling technique. Data analysis techniques that are used include validity and reliability tests, regression analysis of the berganda line, t and F tests, and coefficient of determination (R2). The study's findings indicate that pemasaran strategies and achievement levels have a positive and significant impact on consumers' willingness to purchase Wardah products. In a parallel or simultaneous manner, these two variables increase purchasing power, with the pemasaran strategy being the most dominant factor. This study's implications indicate that increasing the effectiveness of pemasaran strategies and consistent target penjualan can significantly increase consumer purchasing decisions.
THE EFFECT OF PRODUCT INNOVATION AND PRODUCT DISCOUNTS ON CONSUMER PURCHASE INTENTION ON THE TIKTOK SHOP PLATFORM Gusti, Selvyna; Khatimah, Husnil
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.909

Abstract

This study aims to analyze the influence of product innovation and product discounts on consumer purchase intention on the TikTok Shop platform. The research method used is a quantitative approach with data collection techniques through questionnaires. The research sample is active TikTok Shop users. The data analysis technique used Structural Equation Modeling Partial Least Square (SEM-PLS). The results show that product innovation has a positive and significant effect on consumer purchase intention with a coefficient value of 0.312. Meanwhile, product discounts have a positive and significant effect with a coefficient value of 0.514, and are the most dominant variables. The R-square value of 0.522 indicates that both variables are able to explain 52.2% of the variation in consumer purchase intention. This finding confirms that the combination of product innovation and discount strategies is an important factor in increasing consumer purchase intention on the TikTok Shop platform.
The Influence of Women's Employment in Indonesia Damayanti, Cindy Alfina; Anas, Muhammad
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.922

Abstract

Gender equality is important in efforts to reduce poverty because it can increase women's access to education, employment, and economic opportunities. However, current conditions show that women's labor participation is still lower than that of men, reflecting gender inequality in the labor market. This study aims to estimate the direction and magnitude of the influence of the average wages of formal and informal sector workers, the open unemployment rate (TPT), the number of female workers, the average length of female schooling, and women's productivity on the percentage of poor people in each province in Indonesia in 2020–2024 by regressing the data of the Random Effects Model panel(REM). The regression results showed that the average wages of informal sector workers and the average length of female schooling had a negative effect on poverty rates, while the open unemployment rate (TPT), the number of female workers, and women's productivity had a positive effect on poverty. Then, the average wages of formal sector workers have no effect on the percentage of the poor. The government needs to pay attention to the quality of education and skills of the workforce in order to be able to compete in an increasingly competitive job market. In addition, the quality of work needs to be improved through the provision of decent, stable, and social security jobs so that their contribution to improving welfare can be more optimal.