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Rojai Zhofir
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Sharia Economic and Management Business Journal (SEMBJ)
Published by Yayasan Darussalam Bengkulu
ISSN : 27742679     EISSN : 27742679     DOI : https://doi.org/10.62159/sembj.vxxx
Core Subject : Religion, Economy, Science, Education, Agriculture,
Religion Agriculture, Biological Sciences & Forestry Computer Science & IT Economics, Econometrics & Finance Education Other
SEMB-J, sharia economic and management business journal is peer-reviewed journal published by Yayasan Darussalam Bengkulu. SEMB-J focus on the research of sharia economic and management business. The aim of this journal is to explore and develop economic management related to islamic and business. The focus of this journal is an effort to publish scientific works related to thoughts or studies in the field of sharia accounting and banking as well as actualizing and adding to the treasures of a better understanding of sharia accounting and banking through publishing articles and research reports. SEMB-J Journal of Sharia Economic and Management Business accepts original works which are the results of research, including: Accountancy; Sharia Accounting; Banking; Sharia Banking; Sharia Banking Information Systems; Sharia Banking Audit; Sharia Banking; Management; Sharia Banking Liquidity Management; Sharia Banking Ethics; Marketing Management of Sharia Banking; Finance; Sharia Finance; Cash Waqf;
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 128 Documents
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Unraveling the Employability Paradox: The Impact of Compensation and Training on Turnover Intention in the Airline Catering Industry Rina Syafitri; Nidya Dudija
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 2 (2026): June
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i2.2212

Abstract

Background: Retaining skilled employees in the high-pressure airline catering sector remains a critical organizational challenge, particularly in labor-intensive environments characterized by operational demands, strict service standards, and limited career mobility. Compensation and training are commonly recognized as strategic human resource practices to reduce turnover intention and strengthen employee attachment. However, empirical findings remain inconsistent, especially regarding the mediating role of employee engagement in explaining employee retention behavior across hierarchical organizational levels.Method: This study employed a quantitative cross-sectional research design. Primary data were collected through systematic random sampling involving 175 permanent employees from various hierarchical levels at an Indonesian airline catering company. Data were analyzed using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS) to examine the direct and indirect relationships among compensation, training, employee engagement, and turnover intention.Results: The findings demonstrate that fair compensation significantly reduces turnover intention while simultaneously enhancing employee engagement across organizational departments. In contrast, training programs positively influence employee engagement but fail to significantly suppress turnover intention. The results further reveal an employability paradox, where extensive training investments increase employees’ external marketability when not accompanied by clear internal career advancement opportunities. Moreover, employee engagement does not mediate the relationship between training and turnover intention, indicating the collapse of engagement as a psychological retention mechanism within the organizational context studied.Conclusion: The study concludes that for mature employees operating across multiple organizational layers, retention is driven more strongly by direct economic exchange mechanisms than by affective emotional attachment. Compensation remains the most effective retention instrument, whereas training initiatives without structured career pathways may unintentionally encourage employee mobility toward external opportunities. These findings highlight the importance of aligning organizational development programs with long-term internal career strategies to strengthen workforce retention in the airline catering industry.
Halal Fashion Purchase Decision Model: Product Quality and Modern Digital Tekhnology Nurul Jannah; Nurhayati; Zuhrinal M. Nawawi
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 2 (2026): June
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i2.2217

Abstract

Background: Indonesia has achieved first place in the global modest fashion sector with halal fashion consumption projected to reach USD 330.5 billion by 2025. However, there is a gap between the size of the market potential and consumer purchasing behavior, especially among urban Muslim millennials and Generation Z, who have unique characteristics and preferences in the digital era. This study aims to analyze the halal fashion purchase decision model by integrating product quality and modern digital technology factors among urban Muslim millennial and Generation Z consumers in Indonesia Method: This study uses a quantitative approach with an explanatory design through the Partial Least Squares (PLS)-based Structural Equation Modeling (SEM) method. Data were collected from 300 urban Muslim millennial and Generation Z respondents using purposive sampling technique. The measurement instrument used a Likert scale questionnaire to measure product quality, modern digital technology, and halal fashion purchase decisions. Results: The results show that the structural model developed has strong predictive power with an R-Square value of 0.626, meaning that 62.6% of the variation in halal fashion purchase decisions can be explained by product quality and modern digital technology variables. Modern digital technology emerged as the dominant factor most significantly influencing halal fashion purchase decisions with a t-statistic value of 8.512 and p-value 0.000, categorized as having a strong influence with f-square value of 0.381. Meanwhile, product quality has a significant but relatively weak influence with t-statistic 3.246, p-value 0.001, and f-square value of 0.074. Conclusion: The findings indicate a paradigm shift in urban Muslim consumer priorities from traditional product quality orientation toward digital accessibility and experience. This research contributes theoretically to the development of consumer behavior theory in the context of Islamic economics by integrating Theory of Planned Behavior from an Islamic perspective and Maqashid Syariah theory.
The Role of Islamic Banking in Economic Growth: Financial Deepening and Bank Efficiency Nurul Inayah; Azhari Akmal Tarigan; Isnaini Harahap
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 2 (2026): June
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i2.2220

Abstract

Background: The success of economic development is reflected in the level of welfare experienced by the society. According to data from the Financial Services Authority (OJK), the Islamic economy has become one of the largest contributors to the national economy, accounting for 46 percent of the total GDP. This study aims to analyze the role of Islamic banking in supporting economic growth in Indonesia. Method: A quantitative approach is employed using secondary monthly time series data covering the period from January 2018 to December 2023. The research applies the Vector Autoregressive (VAR) method in its restricted form, known as the Vector Error Correction Model (VECM), using EViews 12 software. The variables used include total financing (TP) as a proxy for financial deepening, BOPO as a proxy for banking efficiency, FDR as a proxy for risk management, the number of bank offices (JK) as a proxy for financial inclusion, and Gross Domestic Product (GDP) as a proxy for economic growth. Results: The results reveal that the role of the Islamic banking sector in Indonesia’s economic growth is stronger and more significant in the long run than in the short run. In the short term, total financing (TP) has not shown a significant effect on GDP, while banking efficiency (BOPO) exerts a direct and significant influence. In the long term, however, total financing and banking efficiency exhibit a more stable and significant relationship with economic growth, with Islamic banking efficiency (BOPO) contributing the most to GDP, at around 20–21%. Conclusion: These findings indicate that Islamic banking plays a pivotal role in sustaining Indonesia’s long-term economic growth, aligning with the objectives of maqāṣid al-sharī‘ah in realizing economic welfare (ḥifẓ al-māl and ḥifẓ al-nafs) and contributing to the achievement of the Sustainable Development Goals (SDGs), particularly in promoting inclusive and sustainable economic growth.
Financial Deepening on Sharia Finance Perspective: Analysis in Indonesia and Malaysia Kurniawati Meylianingrum; Tiara Juliana Jaya; Kholilah Kholilah; Mariam Ait Ahmed
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 2 (2026): June
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i2.2223

Abstract

This study examines the dynamic relationship between the Islamic financial sector and financial deepening in Indonesia and Malaysia by integrating two key components of the sharia financial system: the sharia capital market and Islamic banking. Using monthly pooled data from 2014-2024 and employing the Autoregressive Distributed Lag approach, the research investigates both short-term and long-term effects of corporate sukuk, sharia stocks, third-party funds, total assets, interest rates, and exchange rates on financial deepening. The findings reveal that corporate sukuk exert a negative influence on financial deepening in the short run, primarily due to their illiquidity and dominance by institutional buy-and-hold investors, while showing no significant long-term effect in either country. Sharia stocks positively affect financial deepening only in the short run, whereas long-term effects remain insignificant because of market volatility, limited liquidity, and structural constraints within the sharia capital market. Third-party funds demonstrate a contrasting pattern, showing negative short-run effects but a strong and positive long-run impact, indicating their growing role in supporting Islamic banking intermediation. Total asset contributes positively to financial deepening in the short term; however, their long-term effect becomes negative, reflecting inefficiency in translating asset growth into real-sector financing. Robustness test using Malaysia support the main model’s conclusion. The study underscores the importance of enhancing liquidity, strengthening intermediation efficiency, and improving cross-sector sharia financial integration to maximize the contribution of Islamic finance toward sustainable financial deepening in dual banking systems.
Formulation, Integration, and Impact of Vision and Mission in Hospital Strategic Management a Systematic Review Jodii Arlan Kurnia; Diah Prawesti; Aryo Dewanto
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 2 (2026): June
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i2.2225

Abstract

Background: In the face of increasingly complex healthcare systems, vision and mission statements play a crucial role in hospital strategic management. However, their formulation and integration often remain underutilized, leading to gaps between organizational goals and actual performance. Method: A systematic review was conducted following the PRISMA 2020 guidelines. A total of 15 peer-reviewed articles published between 2010 and 2024 were analyzed to explore patterns, strategies, and outcomes related to vision–mission formulation and integration in hospital management. Results: Findings show that participatory formulation of vision and mission fosters organizational ownership and commitment. Strong integration into managerial systems enhances strategic effectiveness, inter-unit coordination, and overall hospital governance. A well-internalized vision–mission is associated with enhanced operational efficiency, employee engagement, and patient satisfaction. Conversely, insufficient stakeholder involvement and weak internalization may cause organizational disorientation and performance decline. Conclusion: The study underscores the importance of strengthening the continuous cycle of formulation, integration, and evaluation of vision and mission statements. This process serves as a strategic foundation for building adaptive, quality-oriented, and sustainable hospital transformation.
Archival Storage Model in The Business Administration Department of Politeknik Negeri Medan Jumjuma; Nursiah Fitri; Lily Maryam Nasution; Aulia Benazira; Pitono
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 2 (2026): June
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i2.2232

Abstract

Background: This study develops an electronic archival storage model for the Business Administration Department of Politeknik Negeri Medan to overcome issues of unsystematic filing, slow retrieval, limited digital adoption, and the absence of standardized procedures. Method: Using a ten-stage Research and Development (R&D) design, data were collected through observations and structured interviews with departmental leaders, staff, lecturers, and students. Thematic qualitative analysis guided the design of a four-cabinet archival system integrated with cloud-based digital processes. Results: The study identifies four key issues: the diversity of physical and electronic archives, inconsistent classification and indexing, limited digital infrastructure and training, and both advantages and challenges of digital management. Although digitalization improves retrieval efficiency, physical archives remain dominant and gaps persist in cybersecurity, metadata standards, and organizational readiness. The proposed model enables document retrieval in less than one minute and supports more systematic and secure archival practices. Conclusion: This research offers a holistic, context-specific archival model that integrates digital transformation, cloud storage, and data governance extending beyond conventional filing systems and providing a scalable framework for broader institutional use.
Organizational Culture and HR Management in Public Sector: Social Exchange Mechanisms in the Merit System for Senior Official Selection in Riau Provincial Government Ikhwan Ridwan; Oman Sukmana; Rachmad Kristiono Dwi Susilo; Junaidi Junaidi
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 2 (2026): June
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i2.2233

Abstract

Background: Organizational culture and HR management in public bureaucracy face a structural paradox when formal merit systems operate alongside deeply embedded socio-cultural norms. Riau Province's Civil Service Merit Index rose from 227.5 (2019) to 325.5 (2024), yet the "Promotion & Mutation" sub-componentthe direct measure of appointment integrityscored only 37.5% in the critical 2020 mass selection year. Simultaneously, 54.2% of appointments went to candidates ranked 2nd or 3rd rather than to the highest-scorer, signaling systematic non-merit intervention. Method: Qualitative case study design (Yin, 2022) examining the 2020 open selection of 24 Senior Civil Service (JPT Pratama) positions in Riau Provincial Government. Data from in-depth interviews (n=17 key informants), participant observation (8 months), and document analysis were analyzed through a thematic-dialectical procedure framed within social exchange theory (Homans, 1961; Blau, 1964; Emerson, 1976; Molm, 2003), Ekeh's Two Publics (1974), and Riau Malay organizational culture (Effendy, 2013). Results: Three simultaneous exchange layers structure the HR appointment process: (1) an administrative layer where competency scores are exchanged for procedural legitimacy; (2) a substantive back-stage layer in the governor's discretionary space where political loyalty displaces merit as the decisive currency; and (3) a cultural legitimation layer where Malay values of Berbalas Budi (reciprocal kindness), Amanah (trust), and Marwah (dignity/honor) are strategically renarrated as moral cover (Selubung Moral) to normalize patronage. Conclusion: The study proposes a Culturally Contextualized Social Exchange Model (CCSEM)a Hybrid Bureaucracy Frameworkwherein formal merit functions as institutional legitimacy scaffolding, patronage serves as the substantive appointment driver, and local culture acts as the moral adhesive sustaining this hybrid equilibrium. This contributes novel theoretical ground to organizational sociology and Islamic corporate governance, calling for reforms that reclaim authentic Islamic-Malay values against their appropriated, patronage-justifying distortions.
Budget Participation and Managerial Performance in Local Government: Leader–Member Exchange as Relational Governance Mediator Sri Widodo; Wiyasto Dwi Handono; Vidya Devia Ardania; Tri Siwi Nugrahani
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 2 (2026): June
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i2.2299

Abstract

Background: Managerial performance in local government organizations remains a persistent governance challenge, as formal administrative reforms and participatory budgeting mechanisms have demonstrated limited and inconsistent capacity to produce effective organizational outcomes. Existing literature has predominantly conceptualized budget participation and information asymmetry as isolated technical variables, leaving the relational governance mechanisms connecting these constructs to managerial effectiveness substantially underexplored. Method: This study employs a quantitative explanatory design using cross-sectional survey data collected from 178 officials within Local Government Organizations (Organisasi Perangkat Daerah/OPD) in Bantul Regency, Indonesia. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) via SmartPLS 4, with Leader–Member Exchange (LMX) positioned as a relational governance mediator. Results: Budget participation positively affects managerial performance (β = 0.210) and LMX quality (β = 0.675), while information asymmetry exerts significant negative effects on both managerial performance (β = −0.179) and LMX (β = −0.536). LMX strongly influences managerial performance (β = 0.650) and significantly mediates both relationships, confirming its role as a primary relational governance mechanism. Conclusion: Governance effectiveness in local government is fundamentally relational rather than procedural. The findings resonate with Islamic governance principles of shura, amanah, and adalah, suggesting that participatory, transparent, and trust-based governance practices are essential for sustained managerial effectiveness in public sector institutions.
Employee Performance: The Role Of Work Experience, Motivation, And Work Engagement Asri Endang Kuswandari; Desi Tri Kurniawati; Ana Sofia Aryati
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.2320

Abstract

Background This study investigates the role of work engagement as a mediating mechanism in the relationship between work experience, work motivation, and employee performance within the context of energy transition at PT Paiton Operation and Maintenance Indonesia. Grounded in the Job Demands–Resources (JD-R) framework, the study emphasizes that individual resources such as experience and motivation can enhance employee performance through the development of positive psychological engagement. Method This research employed an explanatory quantitative approach. Data were collected from 423 employees of PT Paiton Operation and Maintenance Indonesia using structured questionnaires. The analysis was conducted using Partial Least Squares–Structural Equation Modeling (PLS-SEM) to examine the direct and mediating relationships among work experience, work motivation, work engagement, and employee performance. Results The findings reveal that work experience and work motivation have significant positive effects on both work engagement and employee performance. In addition, work engagement significantly enhances employee performance and partially mediates the relationships between work experience, work motivation, and performance. These results demonstrate that employees with greater experience and stronger motivation are more likely to develop higher engagement, which subsequently improves performance outcomes. Conclusion This study extends the Job Demands–Resources (JD-R) framework by confirming that employee performance is influenced not only by individual resources but also by the extent to which these resources are transformed into positive psychological states through work engagement. The findings underscore the strategic importance of fostering employee engagement to sustain performance in high-risk and energy transition organizational environments.
Unpacking Profit Stability: The Strategic Role of Credit Quality During COVID-19 Cenda Bergiana; Sumiati Sumiati; Himmiyatul Amanah Jiwa Juwita
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.2321

Abstract

Background This study explores how Bank ABC managed increasing credit risk during the COVID-19 pandemic while maintaining credit quality and profitability. The research focuses on understanding the implementation of credit restructuring strategies, the roles of key stakeholders, and the development of an effective credit quality management model under crisis conditions. Method This study employed a qualitative research approach to obtain an in-depth understanding of credit restructuring practices at Bank ABC. Data were analyzed through organizational processes, stakeholder roles, and strategic responses related to credit quality management during the pandemic period. Results The findings indicate that credit restructuring was implemented comprehensively through the application of prudential banking principles, debtor prioritization, rigorous verification procedures, and flexible repayment schemes. Strong collaboration among the Middle Bucket, Collection & Recovery, and Capital Ebas & Asset Sales units significantly contributed to reducing non-performing loan (NPL) risk and maintaining capital stability. Furthermore, the implementation of early warning systems, collection negotiations, asset sales, and digitalized collection processes improved operational efficiency and supported organizational profitability during the crisis. Conclusion The study concludes that the success of Bank ABC in managing credit risk during the COVID-19 pandemic was driven by adaptive credit restructuring strategies, strong cross-functional collaboration, and effective risk mitigation practices. These findings highlight the importance of integrated credit quality management and organizational flexibility in sustaining financial stability and profitability during periods of economic uncertainty.

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