cover
Contact Name
Mohamad Toha
Contact Email
motoha013@gmail.com
Phone
+6281229229207
Journal Mail Official
journal.mjifm@gmail.com
Editorial Address
https://syariah.jurnalikhac.ac.id/index.php/majapahit/about/editorialTeam
Location
Kota 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) is a journal published by Department of Sharia Economics Universitas KH. Abdul Chalim Mojokerto Indonesia twice a year (June and December). The focus and scope have been adjusted to meet the high standards and wide coverage typical of Scopus-indexed publications. The journal accepts submissions in the specified areas: 1. Sharia-compliant banking 2. Management in Islamic context 3. Islamic Business 4. Islamic Accounting 5. Islamic Finance 6. Islamic Marketing Management 7. Human Resources Management 8. E-commerce Business innovation Authors are urged to submit top-notch research and scholarly publications within these clearly outlined domains. The publication is dedicated to improving knowledge in Islamic finance and management while adhering to strict guidelines.
Articles 437 Documents
Innovative Action of Halal Cryptocurrency Management Halal Cryptocurrency and Financial Stability Fauziyah, Nur; Shidqie, Azzam
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.821

Abstract

In the Industry 4.0 era, the sudden growth of financial technologies, especially cryptocurrencies, has revolutionized financial transactions across the globe by providing decentralized, transparent, and efficient platforms. However, these new technologies have complex implications for existing legal and ethical standards, including Islamic law. The existing Shari'ah rules on cryptocurrencies are mostly responsive and disjointed, leaving the increasing number of Muslims, especially the younger generation, vulnerable to legal ambiguities and potential conflicts with the values of Islamic law. The volatility, speculation, and intangible nature of cryptocurrencies raise fundamental questions about their compatibility with Shari'ah values of banning riba, gharar, and maisir, while promoting values of justice, prudence, and transparency. This research work suggests an original halal cryptocurrency governance framework that is compatible with Shari'ah goals, covering product development, governance, risk management, and transaction mechanisms, thus integrating ethical Islamic values with financial technological innovation. By closing the gap between technological innovation and Shari'ah compliance, this framework is expected to promote a more inclusive, stable, and sustainable Islamic digital financial environment.
TIKTOK ADVERTISING AND REPURCHASE INTENTION: THE MEDIATING ROLE OF BRAND AWARENESS AND BRAND IMAGE WITHIN THE S–O–R FRAMEWORK Faradina, Fairuz; Yolanda Masnita; Kurniawati
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.825

Abstract

This study examines the effect of TikTok advertising on repurchase intention by analyzing the mediating role of brand perception within the Stimulus–Organism–Response (S-O-R) framework. Using a quantitative approach, data were collected from 233 Indonesian TikTok users with prior purchasing experience and analyzed using Structural Equation Modeling (SEM) with the Maximum Likelihood Estimation method. The findings show that content quality and engagement in TikTok advertising have a positive and significant effect on brand perception. However, these advertising attributes do not directly influence repurchase intention. Further analysis indicates that brand perception fully mediates the relationship between TikTok advertising and repurchase intention, suggesting that repeat purchase behavior is formed through consumers’ internal evaluation processes rather than direct advertising exposure. This study extends the application of the S-O-R framework to short video–based digital marketing and provides practical insights for firms seeking to strengthen long-term consumer retention through effective brand-building strategies.
THE EFFECT OF GOOD CORPORATE GOVERNANCE AND CORPORATE, SOCIAL RESPONSIBILITY ON FIRM VALUE WITH FINANCIAL PERFORMANCE AS A MODERATING VARIABLE Taqiyuddin, Muhammad Rafi; Wahdiat, Irwan Sutirman
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.v6i2.826

Abstract

This study aims to examine and analyze the effect of Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) on Firm Value with Financial Performance as a moderating variable. The research object is financing companies listed on the Indonesia Stock Exchange (IDX) for the period 2020–2024. This study uses an associative quantitative approach with secondary data obtained from annual reports and sustainability reports. The sampling technique used is purposive sampling, resulting in 12 companies as research samples. The data analysis techniques used are descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, and Moderated Regression Analysis (MRA) with the help of SPSS software. The research findings indicate that Good Corporate Governance has a positive and significant effect on Firm Value. In contrast, Corporate Social Responsibility does not have a significant effect on Firm Value. The moderating test results show that Financial Performance can moderate the effect of GCG on Firm Value in a weakening direction, but Financial Performance cannot moderate the effect of CSR on Firm Value.
The Mediating Role of Job Satisfaction in the Relationship Between Customer Experience and Customer Retention Maulana, Iman; Yuningsih, Erni; Yulianingsih, Yulianingsih
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.833

Abstract

This study aims to analyze the mediating role of job satisfaction in the relationship between customer experience and customer retention. This research method uses a quantitative approach with primary data obtained through a questionnaire with a Likert scale. The sample size used in this study was 100 Buana Trip customers. Data analysis was conducted using the method Partial Least Squares – Structural Equation Modeling (SEM-PLS). The research results show that Customer Experience has a positive and significant effect on Customer Satisfaction, while Customer Satisfaction has a positive and significant effect on Customer Retention. Furthermore, Customer Experience also has a direct and indirect effect on Customer Retention through Customer Satisfaction.
Integrating Resource-Based View and Social Innovation for Organizational Transformation: Evidence from a Leading Indonesian Water Utility Company Handayani, Dian; Fitriati, Rachma
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.834

Abstract

This study investigates the transformation strategy of Perusahaan Umum Daerah. This study examines the transformation strategy of PERUMDAM Tirta Kerta Raharja (TKR) in Tangerang Regency to enhance drinking water service performance through the lens of the Resource-Based View (RBV) and social innovation. In 2024, the utility achieved a service coverage of 69.34 percent, surpassing its 60 percent target, despite persistent challenges such as limited raw water, a 15.60 percent water loss rate, and unchanged tariffs since 2009. Employing a qualitative document analysis of business plans and performance reports, the research identifies strategically valuable internal resources: water utilization permits (5,640 liters/second), SPAM infrastructure (6,267.5 liters/second across six zones), comprehensive demand data, BUMD legitimacy, and robust collaborative capacity. These resources are configured through production expansion, water-loss reduction, and idle-capacity optimization. Four key social innovations are identified: multi-stakeholder collaboration (e.g., SPAM asset grants from developers), hybrid public funding (APBN/APBD), community-needs approaches via surveys, and service digitalization (SCADA). The integration of RBV strategies and social innovation underpins performance gains, though profitability pressures and water-source vulnerability persist. This research contributes to public sector strategic management theory and offers practical insights for regional water utilities pursuing sustainable transformation.
Rice Farmers' Knowledge of Fertilizers Organic and Market Potential in Support Organic Farming Development (Case Study of Rice Farmers in the District Motilango (Gorontalo Regency) Mahmud, Randi; Imran, Supriyo; Tolinggi, Wawan K
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.847

Abstract

The development of organic farming is one of the efforts to realize a sustainable and environmentally friendly agricultural system. However, the success of its development is greatly influenced by the level of farmer knowledge and the potential of the organic fertilizer market. This study aims to analyze the knowledge of rice farmers regarding organic fertilizer and how the market potential supports the development of organic farming in Mootilango District. This study uses a qualitative descriptive approach with 12 informants, consisting of 10 rice farmers, 1 farmer shop owner, and 1 organic fertilizer producer. Data collection was carried out through in-depth interviews, field observations and documentation, then analyzed using SWOT analysis. The results of the analysis show that the IFAS value is 3.29 which indicates strong internal conditions, while the EFAS value is 3.58. The position of organic farming development is in Quadrant I, which indicates an aggressive strategy. Therefore, the recommended strategy is the SO strategy of optimizing farmer understanding through technological development, organic fertilizer promotion, increasing public awareness; (2) the WO strategy of strengthening the distribution of organic fertilizer, increasing farmer knowledge, increasing farmer skills;ST Strategy Price competitiveness, Organic selling value, Increasing the application of organic fertilizer; WT Strategy Anticipating negative perceptions about organic fertilizerThis strategy is expected to support increased use of organic fertilizers and encourage the development of organic farming in Mootilango District in a sustainable manner.
Branding Analysis of Culinary Business in the Digital Era from the Perspective of Sharia Economic Law Eliza, Murti; Eficandra; Renie, Elsy; Putra, Suprio Jaya
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.848

Abstract

The digital transformation has fundamentally changed the landscape of culinary business branding. However, the evolving practices often overlook Islamic ethical principles, such as dishonesty in promotions, review manipulation, and psychological exploitation of consumers. This research aims to analyze culinary business branding in the digital era from the perspective of Sharia Economic Law. The research method used is a literature review with a qualitative approach, drawing from books, international and national scientific journal articles, as well as research reports published between 2020 and 2025. The research findings show that digital branding has transformed into a collaborative process between brands and consumers through various digital platforms, where reputations are built participatively. Sharia Economic Law principles such as justice, honesty, transparency, and prohibitions on gharar, maysir, riba, and tadlis should form the ethical foundation for all digital branding practices. Analysis of endorsement strategies, reviews, social media advertising, flash sales, and viral marketing reveals that many practices potentially involve elements of dishonesty and lack of transparency prohibited by Sharia. The implementation of Sharia branding faces multidimensional challenges, including limited understanding among business practitioners, technological disparities, high compliance costs, and competitive pressures. This research concludes that Sharia branding is a holistic commitment to integrating spiritual values into brand management to realize benefits and blessings. Implementation of the research findings includes credible halal certification, the application of honesty and transparency in digital marketing, responsible management of consumer interactions, and collaboration with stakeholders to build a culinary digital branding ecosystem compliant with Sharia principles.
ISAK 335-Based Temple Accounting System Design in Financial Reporting : (Study at Puseh Temple, Banjar Dwi Dharma, Tri Rukun Village, Wonosari District, Boalemo Regency, Gorontalo Province) Afiani, Ni Putu Seily; Pakaya , Lukman; Bokiu, Zulkifli
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.850

Abstract

This study aims to design a temple accounting system based on ISAK 335 for financial reporting at Puseh Temple, Banjar Dwi Dharma, Tri Rukun Village, Wonosari District, Boalemo Regency, Gorontalo Province, using a descriptive qualitative approach through observation, interviews, and documentation, as well as data validity testing through technical triangulation. The results of the study indicate that financial recording is still simple and limited to cash inflows and outflows, and has not been computerized and is not fully in accordance with ISAK 335. Therefore, this study produces an ISAK 335-based accounting system design using Microsoft Excel (Office 2021) that includes a statement of financial position, a statement of comprehensive income, a statement of changes in net assets, a statement of cash flows, and notes to the financial statements to improve the quality and conformity of temple financial reporting with applicable standards.
The Effect of Service Quality and Financial Literacy on Customers' Interest in Investing in Gold : (Case Study at PT Pegadaian (Persero) Kotamobagu Branch) Yasin, Fidya Dwi Fransiskan S.; Tuli, Hartati; Hulopi, Titi Umi Kalsum
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.855

Abstract

This study aims to analyze the influence of service quality and financial literacy on customer interest in investing in gold at PT Pegadaian (Persero), Kotamobagu Branch. A quantitative research method was used, with primary data collected through a questionnaire distributed to PT Pegadaian (Persero) customers. The sample consisted of 106 respondents. Data analysis used multiple linear regression with the help of SPSS 26. The results of the study show that the quality of service has a positive and significant effect on customers' interest in investing in gold. Financial literacy also has a positive and significant effect on customers' interest in investing in gold. Together, the quality of service and financial literacy have a significant effect on the interest of customers to invest in gold at PT Pegadaian (Persero) Kotamobagu Branch. The R-square value obtained was 0.687 or 68.7%, this shows a strong relationship between independent variables and dependent variables in this study, while the remaining 37.3% were influenced by other factors.
The Influence Of Accounting Information Systems, Peer To Peer Lending (P2P), And Payment Gateways On The Financial Performance Of Msmes In Surabaya City Rachmani, Aulia Nur; Yanthi, Merlayana Dwinda
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.v6i2.858

Abstract

The aim of this study is to investigate the impact of accounting information systems, peer-to-peer (P2P) lending, and payment gateways on the financial performance of MSMEs in Surabaya. The study employed a descriptive-quantitative approach. The target population comprises MSMEs in Surabaya the sample consists of 100 respondents. Data were collected via questionnaires and subsequently analyzed using SPSS software and multiple linear regression analysis. The results show that Accounting Information Systems, Peer-to-Peer Lending (P2P), and Payment Gateways partially have a positive effect on the financial performance of MSMEs in Surabaya. This indicates that the implementation of accounting information systems and the optimal use of financial technology can help MSME players improve the effectiveness of financial management, facilitate access to capital, and support smooth business transactions, thereby improving financial performance.