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
The Influence of Intrinsic Motivation and Transformational Leadership on Student Association Performance at Institut Elkatarie: The Moderating Role of Islamic Work Ethics Azim, Irfan; Baini, Nirmala; Amin, M. Zulkifli; Supriyanto, supriyanto
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (2024): 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.v4i2.327

Abstract

The primary goal of management in any organization is to achieve and maintain good performance to meet organizational objectives, which is essential for competitiveness in the global market. This study investigates how intrinsic motivation and transformational leadership influence the performance of the student council at the Institut Elkatarie, with Islamic work ethics as a moderating variable. Using quantitative methods and simple random sampling, data were collected from 90 out of 116 student council members for the 2023-2024 period and analyzed using regression analysis with IBM SPSS Statistics 25.0 The study shows that intrinsic motivation (X1) and transformational leadership (X2) both positively influence performance (Y), with significant T-values of 2.216 and 7.545, respectively. This suggests that enhancing intrinsic motivation and adopting transformational leadership can improve performance. However, the interactions between intrinsic motivation and Islamic work ethics (M), and transformational leadership and Islamic work ethics, were not significant, with significance levels of 0.294 and 0.571, respectively. This indicates that Islamic work ethics may not moderate the relationship between motivation, leadership, and performance in this context.  
The Role of Islamic Economic Politics in Implementing Globalization ASEAN Economic Community (AEC) Santika, Ana; Akbar, Estelee Elora; Rahmawan, Lutfi Hery
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (2024): 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.v4i2.328

Abstract

Islamic economic opportunities in the MEA era, especially in Indonesia. As understood, the MEA is a cooperation and development of ASEAN integration that aims to play an important role in supporting economic integration, building a unique economic identity, and increasing inclusiveness in the Asian region. This study concludes that Indonesia can have the opportunity for sustainable Islamic economic development because, in terms of social justice in Islamic economics, it can encourage a more equitable distribution of income and reduce economic inequality. Second, Indonesian Islamic banking can be a national strength towards a golden Indonesia and help encourage economic inclusiveness among MEA member countries, by providing greater opportunities for all levels of society in Indonesia.
Management of Baitulmaal Muamalat (BMM) East Java Representative in Management of Productive Waqf in the Real Sector Uswatun Chasanah
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (2024): 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.v4i2.329

Abstract

This study aims to analyze the management of productive waqf in the real sector by highlighting the partnership between Baitulmaal Muamalat (BMM) and Ayam Bakar Pak D outlet Kartini, Sidoarjo. This study uses a qualitative approach through a field study method to explore the implementation of productive waqf management applied by BMM. Primary data was obtained through in-depth interviews with BMM managers, while secondary data was taken from internal documents and related publications. Data analysis was carried out using the Bogdan and Taylor interactive model. The results of the study indicate that the management of productive waqf in the real sector at the outlet is quite effective, with the implementation of management functions including planning, organizing, actuating, and controlling. The benefits generated from this partnership have contributed to improving the socio-economic welfare of the community. However, there are obstacles in the form of a lack of diversification of management sectors and operational challenges that require a thorough evaluation. The implications of this study highlight the importance of developing innovations in Sharia business models and optimizing partnerships in supporting the sustainability of productive waqf.
The Development of the Rempang Island Industrial Area from the Perspective of Abdul Majid Al-Najjar’s Maqashid Sharia Fatkhurrozi, Tanto; Fageh, Achmad
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (2024): 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.v4i2.330

Abstract

This study aims to critically analyze the development of the Rempang Island industrial area using Abdul Majid Al-Najjar’s Maqashid Sharia framework, with a focus on the principles of environmental preservation and the protection of human rights. This qualitative research adopts a library research approach, utilizing data from relevant documents, books, academic journals, and other references related to industrial development on Rempang Island. The findings reveal that the industrial development aligns partially with Al-Najjar’s maqashid sharia principles, particularly in terms of Hifzh Al-Biah min Al-Talaf (environmental preservation from destruction) and Hifzh Al-Biah min Al-Talawwuth (protection from pollution). However, in the context of Hifzh Al-Nafs (preservation of life), the forced relocation of local residents contradicts sharia objectives, as it threatens community welfare, disrupts livelihoods, and undermines social justice. Despite the government's provision of alternative locations for the affected communities, further evaluation is needed to ensure sustainable development that upholds both environmental and social justice in line with maqashid sharia principles.
The Effect of Transfer Pricing, Profitability, and Capital Intensity on Tax Avoidance (Empirical Study of Property and Real Estate Companies on the Indonesia Stock Exchange In 2020-2023 Wahyuni, Putu Eka Sri; Nursiam, Nursiam
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (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.v5i1.354

Abstract

This study aims to examine the effect of transfer pricing, profitability, and capital intensity on tax avoidance in property and real estate companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023. Tax avoidance refers to strategies used by companies to reduce their tax liabilities through legal means, while transfer pricing involves setting prices for transactions between related entities to allocate income across different jurisdictions. Capital intensity refers to the amount of capital invested in assets relative to the company's total assets. Profitability is measured by the company's ability to generate earnings relative to its revenue or assets. The sample consisted of 51 companies, selected using purposive sampling, with 21 outliers removed based on predetermined criteria. Data was analyzed using classical assumption testing, followed by hypothesis testing with multiple regression analysis (F-test, t-test, and coefficient of determination) using SPSS version 25. The results show that transfer pricing and capital intensity do not have a significant impact on tax avoidance, while profitability significantly influences tax avoidance. These findings suggest that more profitable companies may engage in higher levels of tax avoidance, possibly due to greater opportunities or incentives to minimize tax payments. The study highlights the importance of profitability as a key determinant in tax avoidance strategies in the property and real estate sector.
The Effectiveness of the Implementation of Diversion for Children of Criminal Offenders in Ternate City Namikotomo, Bondan
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (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.v5i1.356

Abstract

This study aims to analyze the effectiveness of diversion implementation for juvenile offenders in Ternate City and recommend penal and non-penal policy reforms in criminal law. The research method combines normative and empirical legal approaches, utilizing interviews, observations, and document analysis of cases handled by the Ternate Police. Findings indicate that diversion has reduced stigmatization through restorative mechanisms, yet its effectiveness is hindered by law enforcers’ limited understanding, inadequate facilities, and public resistance to restorative justice. Case studies, such as recidivism by offender Isra Nasrun, highlight the need for post-diversion mentoring evaluation. Legal reform recommendations include officer training, public education, and integrating non-penal policies focused on social rehabilitation. The study concludes that multidisciplinary collaboration is essential to strengthen diversion implementation and ensure child rights protection is aligned with the best interests of the child principle.
The Effect of Customer Review, Influencer Review, and Customer Innovativeness on Green Purchase Intention Moderated by Trust Michella Mulyana Putri; Kuswati, Rini
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (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.v5i1.357

Abstract

This study investigates the impact of customer reviews, influencer reviews, and customer innovativeness on green purchase intention in the eco-friendly skincare market, with trust as a moderating variable. Using a quantitative approach with SmartPLS and a sample of 205 respondents familiar with eco-friendly skincare, the study confirms that all three predictors significantly enhance green purchase intention. Interestingly, trust plays a dual role directly strengthening purchase intention while weakening the influence of reviews and innovativeness when acting as a moderator. This suggests that consumers with higher trust, particularly in the brand or product, may rely more on prior experience or internal beliefs than on external cues. The study extends existing literature by emphasizing the multidimensional nature of trust and highlighting the interplay between internal and external drivers of green behavior. Despite methodological appropriateness, limitations in sample diversity and potential response bias suggest directions for future research.
The Effect of Product Reviews and Store Ratings on Consumer Buying Interest Through Trust in the Marketplace Dewi Prasetya Rahayu; Kussudyarsana
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (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.v5i1.358

Abstract

This study investigates the influence of product reviews and store ratings on consumer purchase intention through trust in the marketplace, using a quantitative approach with data from 160 respondents and Structural Equation Modeling (SEM) based on SmartPLS. The results show that product reviews significantly and positively influence purchase intention both directly and through trust, while store ratings also positively impact purchase intention but not through trust. This suggests that product reviews play a more crucial role in building consumer trust than store ratings. However, the study does not explore why product reviews are more influential, nor does it consider moderating factors such as review length, authenticity, or the visual presentation of store profiles. Additionally, the generalizability of the findings is limited, as the study does not specify the marketplace or demographic details of the sample. Future research should incorporate these factors and consider stratified sampling to enhance the understanding of how different consumer groups respond to trust-related signals online.
Antecedents of Purchase Intention of Co-Branded Aerostreet Products: An Empirical Approach Towards Consumers in Surakarta Fitriasari, Defita; Kussudyarsana
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (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.v5i1.359

Abstract

This study aims to investigate the antecedents of purchase intention for Aerostreet co-branded products: an empirical approach targeting consumers in Surakarta. The study focuses on consumers who reside in Surakarta, are familiar with Aerostreet products, and are aged 17-30 years. A non-probability sampling technique was employed, with a sample size of 180 respondents. The research employs a quantitative approach, utilizing a structured questionnaire and observations as data collection methods. Data analysis was conducted using Structural Equation Modeling (SEM) with PLS 3.0. The results show that Product Fit has a significant effect on Brand Fit, Product Fit has a significant effect on co-branded Attitude, Brand Fit positively and significantly influences co-branded Attitude, and co-branded Attitude impacts Purchase Intention. Furthermore, co-branded Attitude mediates the relationship between both Product Fit and Purchase Intention, as well as Brand Fit and Purchase Intention.
The Effect of Good Corporate Governance and Company Size on Food and Beverage Company Financial Performance Rizky Adi Baskara; Nursiam
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (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.v5i1.360

Abstract

This study investigates the effect of good corporate governance (GCG) on financial performance, with GCG proxied by the board of commissioners, independent commissioners, managerial ownership, audit committee, and company size—each selected based on their theoretical roles in enhancing oversight, aligning interests, and ensuring transparency. The research focuses on 58 food and beverage manufacturing companies listed on the Indonesia Stock Exchange during 2020–2022, selected through purposive sampling. Using multiple linear regression, the results show that while the board of commissioners, independent commissioners, managerial ownership, and audit committee do not significantly impact financial performance, company size has a significant positive effect. The sector-specific focus limits generalizability, as governance practices and financial dynamics may differ in other industries.

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