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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 493 Documents
When Prices Beat Production: The Dynamics of Indonesia’s Plantation Commodity Exports Muhammad Danang Adriyanto; Muhammad Anas
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.v6i2.967

Abstract

Plantation commodities are a strategic sector that contributes significantly to foreign exchange earnings and the stability of Indonesia's trade balance. This study aims to analyze the influence of commodity prices, total production, and land area on the export value of seven Indonesian plantation commodities, namely CPO, cocoa, coffee, rubber, tobacco, coconut, and tea in the 2015–2023 period. This study uses secondary data from BPS and UNCTAD and uses a panel data regression approach with the Fixed Effects Model (FEM) as the selected model based on the results of the Chow Test and the Hausman Test. The estimation results show that commodity prices and plantation land area have a positive and significant effect on export value, indicating that increases in international prices and land capacity expansion are the main determinants of long-term export growth. In contrast, total production does not show a significant effect, which is explained by the dominance of the price effect over the quantity effect amid global price volatility. These findings emphasize the importance of commodity downstreaming policies and sustainable plantation land management to strengthen the export performance of the Indonesian plantation sector.
The Influence of Religiosity and Obedience Pressure on the Intention to Commit Fraud in Sharia Financial Institutions in Gorontalo City Ajenk Dizca Lalahu; Niswatin; Surya Handrisusanto Ahmad
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.v6i2.971

Abstract

This study aims to determine the influence of the Religiosity variable and the Obedience Pressure variable on the Intention to Commit Fraud in Sharia Financial Institutions of Gorontalo City. The method used in this study is a quantitative method with primary data obtained from a questionnaire whose measurement uses the Likert scale. The sample collection process used a purposive sampling technique with a total sample of 42 respondents spread across four Islamic financial institutions in Gorontalo City, namely Bank Syariah Indonesia, Bank Muamalat Indonesia, AMITRA-FIF Group, and Pegadaian Syariah. The data analysis technique in this study uses multiple linear regression analysis operated through the SPSS program. Based on the results of the study, religiosity did not have a significant effect on the intention to commit fraud in Islamic financial institutions in Gorontalo City, while the pressure of obedience had a positive and significant effect. Simultaneously, religiosity and obedience pressure had a positive and significant effect on the intention to commit fraud, explained by an Adjusted R Square value of 35.3% while the other 64.7% was contributed by other variables outside the research model.
Effect of Service Excellence on Customer Loyalty of Bank Syariah Indonesia (BSI) in Bandar Lampung City with Customer Satisfaction as an Intervening Variable Lukman Firnanda; Ujang Hanif Mustofa; Anas Malik
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 4 (2025): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i4.681

Abstract

This study aims to analyze the effect of Service Excellence on customer loyalty with customer satisfaction as an intervening variable in Bank Syariah Indonesia in Bandar Lampung. The method used is quantitative with Partial Least Square-Structural Equation Modeling (PLS-SEM) approach through SmartPLS software. The results showed that Service Excellence has a positive and significant effect on customer loyalty and customer satisfaction. In addition, Customer Satisfaction also has a significant effect on customer loyalty. However, the indirect effect of Service Excellence on customer loyalty through customer satisfaction is not significant, so mediation is not proven. This finding confirms the importance of excellent service in improving customer loyalty directly
THE INFLUENCE OF ONLINE MARKETING ON CONSUMER PURCHASE DECISIONS FOR FASHION PRODUCTS: A MARKETING MANAGEMENT PERSPECTIVE Riza Dessy Nila Ayutika; Helda Rivatul Mahmuddah
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

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Abstract

This study aims to analyze the influence, support, and use of social media by fashion stores Sun on customer involvement and purchase decisions. In addition, this research aims to know and analyze the influence of cultural, personal, and social to decision online purchase decisions of products at Matahari stores. The development of technology, rapid information and communication​, as well as increasing internet awareness and adoption, has push company for integrating social media to in marketing strategy. Utilization of social media as a means of online marketing is expected to increase customer involvement as well as push decision purchase consumers. This study uses a quantitative approach with a sample of as many as 70 respondents. The retrieval technique used​ is purposive sampling, whereas the data collection method uses primary data through a distribution questionnaire. The data obtained was then analyzed using the application SPSS version 25 to test the influence of variables in the research. Research results expected can give a description of the importance of social media in increasing customer involvement, and the decisions of consumers at Matahari fashion stores. In addition, this research also provides a contribution to the development of online marketing strategies in the digital era, especially in the face of growing business​ competition in the retail and e-commerce sectors in Indonesia.
LEGAL IMPLICATIONS OF LESSEE BANKRUPTCY ON THE STATUS OF LEASED ASSETS IN INDONESIA Ajeng Kusuma; Emi Zulaika; Tegar Raffi Putra Jumantoro; Nur Alfi Fauziyah
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

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Abstract

In a leasing agreement, the lessee acquires the right to use the leased assets with the option to purchase them after the leasing period ends. However, when the lessee goes bankrupt, the problem that arises is regarding the position of the leasing goods in relation to other creditors, considering that all of the lessee's assets, including leased assets that are the object of leasing, can be confiscated to pay off debts. Although leasing agreements have not been regulated in detail in the law, the principles of freedom of contract and an open system contained in the Indonesian Civil Code (KUHPerdata) provide a flexible legal basis for the parties in drafting agreements that govern their rights and obligations. The results of the analysis show that in the case of bankruptcy, the goods that are the object of leasing remain the property of the lessor, although there is a risk to the lessor if the lessee is unable to continue the payments. In this case, the court-appointed receiver has the authority to decide whether the leasing agreement will be continued or terminated. If the agreement is terminated, the lessee must return the goods to the lessor, and the lessor has the right to claim compensation for the losses suffered. While leasing provides and beneficial financing solutions for the business sector, the need for clearer regulations is important to protect the rights of lessors as well as other creditors in a lessee's bankruptcy situation. This aims to minimize the risk of legal conflicts and create stronger legal certainty for all parties involved in the leasing agreement.
The Effect of Leadership and Work Motivation on Employee Performance at Basarnas, Pangkal Pinang City, with Job Satisfaction as an Intervening Variable Danang Budi Prasetya; Suhardi Suhardi; Rahmad Firdaus
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.v6i2.889

Abstract

This study aims to analyze the influence of leadership and work motivation on employee performance, with job satisfaction as an intervening variable at Basarnas Pangkal Pinang City. This research employs a quantitative approach with an explanatory design. The population consists of 57 employees, all of whom were used as respondents through a census technique. Data were collected using a questionnaire with a five-point Likert scale, while data analysis was conducted using multiple linear regression and path analysis with the assistance of SPSS. The results show that leadership and work motivation have a positive and significant effect on job satisfaction. In addition, leadership, work motivation, and job satisfaction also have a positive and significant effect on employee performance. Job satisfaction is proven to have the most dominant influence on employee performance. The path analysis results indicate that job satisfaction acts as an intervening variable that mediates the relationship between leadership and work motivation on employee performance, both directly and indirectly. These findings indicate that improving employee performance in organizations with high-risk work environments such as Basarnas does not solely depend on structural aspects but also on employees’ psychological factors. Therefore, strengthening adaptive leadership and enhancing work motivation should be balanced with efforts to improve job satisfaction in order to achieve optimal performance. This study provides theoretical contributions to the development of organizational behavior models and practical implications for human resource management in the public sector, particularly in rescue institutions.
The Effect of Digital Marketing Strategy and Product Innovation on the Success of Culinary MSMEs in Pangkalpinang City with Customer Satisfaction as an Intervening Variable Fery Frandica; Suhardi Suhardi; Mat Amin
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.v6i2.890

Abstract

This study aims to analyze the effect of digital marketing strategies and product innovation on the success of Micro, Small, and Medium Enterprises (MSMEs) in the culinary sector in Pangkalpinang City, with customer satisfaction as an intervening variable. The background of this study is based on the rapid development of the digital economy, which has driven changes in business strategies, particularly among MSMEs, as well as the increasing competition through digital-based platforms. Although the number of MSMEs continues to grow, several issues remain, including suboptimal digital marketing utilization, inconsistent product innovation, and varying levels of customer satisfaction. This study employs an explanatory quantitative approach, with data collected through questionnaires distributed to 100 culinary MSME actors selected using purposive sampling. Data analysis was conducted using multiple linear regression and path analysis to examine both direct and indirect relationships among variables. The results show that digital marketing strategies and product innovation have a positive and significant effect on both customer satisfaction and MSME success. Product innovation has a more dominant influence on customer satisfaction compared to digital marketing. In addition, customer satisfaction is proven to be the most dominant variable influencing MSME success. The mediation analysis indicates that customer satisfaction is able to mediate the effect of digital marketing strategies and product innovation on MSME success, both partially and simultaneously. Overall, this study confirms that the success of culinary MSMEs is not solely determined by digital marketing strategies and product innovation directly, but is highly influenced by the ability of business actors to create customer satisfaction. Therefore, MSME actors need to integrate digital marketing strategies with sustainable product innovation in order to enhance competitiveness and business sustainability in the digital era.
The Effect of Risk and Return on Mutual Fund Investment Decisions at Cirebon City Securities Addin Zainul Adha; Krisdiana; Benny Dhevyanto
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.v6i2.900

Abstract

This study aims For study influence risk and return on decision investment mutual funds to investors who invest through company securities in Cirebon City, considering rapid development mutual funds that demand understanding balanced between level risk and potential return in taking decision investment . Research use approach quantitative with type of explanatory research, where primary data is collected through distributed questionnaires​ to 100 mutual fund investors in Cirebon City according to criteria research , then analyzed use Partial Least Squares–Structural Equation Modeling (PLS-SEM) method with help SmartPLS . Measurement model evaluation results show all over indicator has fulfil criteria validity and reliability , while structural model evaluation produce mark coefficient high determination , indicating​ that variables risk and return capabilities explain part big variation decision investment mutual funds . Testing hypothesis prove that risk and return influence positive and significant to decision investment , good in a way partial and simultaneously , so that can concluded that investor perception of risk as well as expected return holding role important in determine decision investment mutual funds , at the same time give contribution theoretical for development study investment and benefits practical for investors as well company securities in push taking decision rational and sustainable investment .​
THE ISLAMIC COMPOUNDING MECHANISMS FOR SUSTAINABLE DEVELOPMENT GOALS AND GREEN FINANCIAL INNOVATION Ahmad Azim Aufaq; Andriani Samsuri
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.v6i2.904

Abstract

This study examines the compatibility of compounding theory with Islamic investment principles in promoting business sustainability, green transition, and the achievement of the Sustainable Development Goals (SDGs). Using a qualitative-descriptive method and normative legal analysis, it finds that an Islamic Compounding Mechanism (ICM) based on the Base Profit Rate (BPR) can support exponential wealth accumulation without violating core shariah principles, provided it is structured through permissible contracts such as murabaha, musharaka, and mudharaba. The study further highlights that this mechanism can align profit growth with sustainable business practices and environmentally responsible investment. It thus proposes ICM as a practical framework for integrating shariah compliance, ethical wealth creation, and sustainability objectives in contemporary Islamic finance.
THE EFFECT OF DEBT COLLECTION EFFECTIVENESS ON THE LEVEL OF UNCOLLECTED RECEIVABLES AT PERUMDA MUARA TIRTA IN GORONTALO CITY Iklima Putri Anggai; Ronald Soemitro Badu; Surya Handrisusanto Ahmad
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.v6i2.908

Abstract

This study aims to analyze the effect of accounts receivable collection effectiveness on the level of uncollectible accounts at the Muara Tirta Regional Public Enterprise (Perumda) in Gorontalo City. The research method uses a quantitative approach with secondary data in the form of monthly financial reports for the period from January 2020 to December 2024 (60 observations). Collection effectiveness is measured using the Receivables Turnover Ratio (RTO), while the level of uncollectible receivables is proxied by the allowance for doubtful accounts ratio. The results of the study indicate that the effectiveness of accounts receivable collection has a negative and significant effect on the level of uncollectible accounts receivable. This indicates that the higher the accounts receivable turnover frequency, the lower the risk of uncollectible accounts receivable that the company must set aside.