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 298 Documents
Profit Sharing Analysis on Mudharabah Savings to Increase Customer Interest in Microfinance Haridah, Haridah; Muslim, M. Imam; Sulaiman, Sulaiman
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 1 (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 | DOI: 10.31538/mjifm.v3i1.31

Abstract

Savings and Loans Cooperatives and Sharia Financing (KSPPS) NURI East Java Sokobanah 1 Sampang Branch has several products, both financing and savings. One of the KSPPS savings products is mudharabah savings. Members save their funds in microfinance and fully entrust the savings funds to be managed by microfinance in the hope of obtaining profit sharing. The income obtained by microfinance in throwing mudharabah savings funds will be divided according to the ratio agreement between the members and microfinance, 30% for customers and 70% for cooperatives. This study aims to determine the profit-sharing system in savings (mudharabah savings) carried out by the Microfinance East Java Sokobanah 1 Sampang. This research is qualitative research which is described by words or sentences that are separated according to categories to get a conclusion. Data collection used interviews with the manager of the Microfinance East Java Sokobanah 1 Sampang. The method of observation is to observe directly the financing activities in the field. The results of the study show that the increase in customer interest in mudharabah contract transactions does depend on the amount of profit sharing, namely on the highest ratio exceeding interest rates. The implication is that mudharabah contracts have the potential to be developed even though the risks are also great.
Procedure for Providing KUR IB Financing and the Strategy for Preventing Problem Financing at Bank Sinarmas Syariah KCS Surabaya Ilahi, Ina Kurnia; Marsa, Dinda; M., M. Akhmas; Dina, Mutiara
Majapahit Journal of Islamic Finance and Management Vol. 2 No. 2 (2022): 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.v2i2.32

Abstract

Financing is a fund distribution activity carried out by banks to customers. This study aims to determine the procedures and systems implemented by Bank Sinarmas Syariah KCS Surabaya in providing KUR IB financing as well as the supervision process carried out as an effort to prevent problematic financing. This study used a descriptive qualitative method. The data used is in the form of primary data from interviews with informant selection using purposive sampling techniques and several supporting documents as secondary data. This research shows that Bank Sinarmas Syariah KCS Surabaya implements a strategy in the form of accurate financing analysis by applying 5C aspects and conducting supervision as a form of risk mitigation. Bank Sinarmas Syariah KCS Surabaya is considered very healthy with an NPF of 0%.
Green Industry as a Tourism-Based MSME Development Strategy in Supporting a Sustainable Future (Case Study in Cowindo Sendang District, Tulungagung District, East Java) Prahara, Rahma Sandhi; Kurnawan, M. Vicko Ardine Billie; Muhammad, Fayyadh Faza; Syahrial, M. Vicko Alghozali
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 1 (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 | DOI: 10.31538/mjifm.v3i1.33

Abstract

Indonesia’s efforts to contribute as a member of the G20 are to maximize domestic economic development. One of the important problems faced in economic development is between meeting development needs and efforts to maintain aspects of environmental sustainability. Environmental problems are a contemporary issue that does not only occur at the macro level. However, at a micro level, the world is trying to get to know the issues of environmentally friendly products or what is known as Green Business or Green Industry. The impact of the existence of the green industry is that the global market trend is increasingly moving towards environmentally friendly products (eco-products). This condition is an obstacle and opportunity that needs to be immediately anticipated and utilized. For this reason, the government created a policy to help MSMEs through the Center for the Study of Green Industry and the Environment of the Ministry of Industry (2011), namely by developing environmentally friendly industries or green industries that can produce green products. MSMEs from the tourism sector in Tulungagung, East Java are Cowindo. Cowindo is one of the educational tours in Sendang District, Tulungagung Regency, East Java. Starting from local wisdom, it became known as a quality milk-producing area, then educational tourism was opened in 2018 and a sustainable production process was officially developed in 2020. In supporting sustainability at the domestic level, biogas is one of the strategies to make it happen. Apart from that, there are several implementations carried out by Cowindo as a form of green business, namely Bio-Slurry, the use of banana leaves as an alternative to reducing the use of soap and water, as well as processing lemongrass distillate for cows to drink as additional nutrition for the cows.
The Influence of Halal Labels and Electronic Word of Mouth (E-WOM) on Purchase Decisions of Food and Beverage Products on the Shopee Online Site Rosyid, Muhammad Abdul; Zuana, Muhammad Mujtaba Mitra; Muawanah, Muawanah
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 1 (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 | DOI: 10.31538/mjifm.v3i1.34

Abstract

E-commerce is a new concept that can be used as a process of buying and selling goods or services. Shopee is one of the e-commerce companies whose users are increasing every year. The use of the Shopee application is in great demand through sharing circles, especially among students. In buying a product, halal labels and information about the product are very important with the existence of electronic word of mouth as an information medium usually a consideration for deciding to buy the product.  The purpose of this study is to prove that there is an influence of halal labels and electronic words of mouth partially and simultaneously on purchasing decisions in students of the Faculty of Sharia. This type of research is quantitative research with the survey method. The data used in this study are primary data and also secondary data. Data collection is carried out using the questionnaire method. The number of populations in this study is not known exactly the number, the sample used in this study amounted to 82 respondents. The analysis technique used in this study is a multiple linear regression analysis technique. Halal labels and electronic word of mouth simultaneously have a positive and significant effect on purchasing decisions for food and beverage products on the Shopee online site. This is indicated by a calculated F value of 59.149 and a table F value of 3.11. The significance value is < 0.001. The value indicates that the calculated F value > F of the table and the significance value of the < 0.05.
Worker Reciprocity and the Returns to Training: Evidence from a Field Experiment Sauerman, Jan; Isbahi, Muhammad Baiqun
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 1 (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 | DOI: 10.31538/mjifm.v3i1.35

Abstract

Is there a correlation between reciprocal workers and higher returns to employer-sponsored training? The study employed a field experiment that utilized random assignment to training, along with the collection of survey data on workers' reciprocal tendencies. The findings of the study indicate that workers who exhibit reciprocal behavior are more likely to reciprocate their employers’ expenditures in training by demonstrating higher levels of performance after completing the training program. The findings of this study remain consistent even after accounting for observed personality traits and worker-fixed effects. These results indicate that individuals respond to the firm's investment in human capital by exerting greater effort, aligning with theoretical models that propose a reciprocal relationship between gift exchange in the workplace. This discovery offers an alternate justification for corporate training investments, notwithstanding the potential danger of employee poaching.
Efficiency of Islamic Income Allocation and Distribution among MSMEs in Pentol Bakar Pacet, Mojokerto Fatkhurrozi, Tanto; Rahmawati, Lilik
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 1 (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 | DOI: 10.31538/mjifm.v3i1.36

Abstract

Islamic Allocation Efficiency means that no individual can increase his utility without reducing other uses. Islamic allocation efficiency does not allow increasing personal welfare which can cause the welfare of others to decrease. Income Distribution in Islam refers to the distribution of existing assets, both private and public, to the people who are entitled to receive them. One of the goals to be achieved by distributing Islam is a social goal, meeting the needs of groups in need and enlivening the principle of solidarity in Islamic society so that society can live in prosperity. This research uses descriptive qualitative research. Data collection was obtained from interviews and field observations as well as various reading materials, both journals and books. This research resulted in the MSMEs business actors of Pentol Bakar (Grilled Pentol) Pacet being able to be said to be efficient because the allocation of income received from both employees and bosses without the bosses and employees being harmed was not wronged by the MSMEs business actors of Pentol Bakar Pacet in accordance with the theory of income distribution in Islam because there was no efforts to improve the welfare of others over the suffering of others because the income received by employees is greater than what the staff earns. There is also an aspect of justice because in this case no one is harmed by this system, it’s just that employees must continue to optimize their work in order to earn more income. MSMEs actors of Pentol Bakar Pacet are in accordance with Islamic allocation efficiency.  
Ethos and Work Ethics of Puger Kulon Village Fishermen from an Islamic Business Ethics Perspective Ramadhani, Kurniawan
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 | DOI: 10.31538/mjifm.v3i2.40

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 Hidayat, Muhammad Syahrul; Supriyanto, Supriyanto; Mazidah, Nurul
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 | DOI: 10.31538/mjifm.v3i2.42

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 Barus, Dana Syahputra; Barus, Elida Elfi
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 | DOI: 10.31538/mjifm.v3i2.43

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.
The Impact of Moderating Effect of Coaching on the Association Between Workplace Training and The Distribution of Training Results de Nichilo, Stefano
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 | DOI: 10.31538/mjifm.v3i2.44

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.

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