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 609 Documents
The Effect of Operating Costs on Net Profit in Automotive Sector Companies Listed on the Indonesia Stock Exchange in the 2021-2024 Period Virna Bahu; Sahmin Noholo; Siti Pratiwi Husain
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.v6i2.1156

Abstract

This study examines the effect of operating costs on net profit in automotive sector companies listed on the Indonesia Stock Exchange (IDX) during 2021–2024. A quantitative approach with simple linear regression analysis was applied. The sample consists of 11 companies selected through purposive sampling, resulting in 44 firm-year observations. Secondary data were collected from audited annual financial reports published on the IDX.The results show that operating costs have a positive and significant effect on net profit, with a t-value of 34.033 > t-table 2.018 and a significance value of 0.000 < 0.05. The adjusted R² value of 0.821 indicates that 82.1% of the variation in net profit can be explained by operating costs. All classical assumption tests were satisfied, confirming the validity of the regression model.The findings suggest that operating costs, when managed efficiently, contribute to net profit growth in the automotive sector. This study provides empirical evidence for managers and investors regarding cost management strategies.
Development of Marketing Strategy for Waqf Benefits from Takaful and Sharia Insurance Investments in Indonesia (A Case Study of PT Allianz Life Syariah) fatmawati Hidayat; Achmad 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

Abstract

This study aims to identify internal and external factors that influence the success of marketing Islamic insurance policy waqf in Indonesia, and to formulate effective marketing strategies to increase sales of this product. The research used is SWOT analysis and brand analysis with a qualitative-descriptive approach, using primary data from interviews and observations as well as secondary data from literature and industry reports. The results of the study show that the main strength of the Islamic insurance policy waqf product lies in the support of strong sharia regulations and the largest Muslim population in the world. However, challenges such as low public literacy about waqf and lack of understanding of marketing personnel about the product are significant weaknesses. Great opportunities are seen from the increasing public interest in productive waqf, while threats include competition with conventional products and low public trust in the insurance industry.
Traffic Accidents and Their Implications on the Balance of Family Rights and Obligations from the Perspective of Maqashid Sharia (Case Study of the Pulau Taliabu Police Department) Edi Jain Nurhasa; Jubair Situmorang; Harwis Alimuddin
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.v5i4.529

Abstract

This study aims to analyze the impact of traffic violations, particularly red light violations, on the balance of rights and responsibilities within the family from the perspective of maqashid syariah. The research was conducted in Pulau Taliabu Regency using a descriptive qualitative approach. Data were collected through in-depth interviews with victims’ families, traffic officers, and community leaders, as well as documentation from related institutions. The findings reveal that traffic violations have serious implications for family life, especially when the victim is the head of the household or primary breadwinner. These impacts include economic disruption, changes in household roles, and psychological stress on family members. In the maqashid syariah perspective, such violations indicate neglect of the protection of life (hifz al-nafs), property (hifz al-mal), and lineage (hifz al-nasl). Therefore, addressing traffic violations requires a multidimensional approach: legal enforcement, public education, and the internalization of religious values in traffic behavior.
The Influence of Green Marketing, Brand Image, Product Quality on Customer Loyalty Reviewed on Islamic Business Perspective Samsul Maarif; Muhammad Iqbal; Okta Supriyaningsih
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.v6i1.630

Abstract

This study aims to analyze the influence of Green Marketing, Brand Image, Product Quality on customer loyalty reviewed in the Islamic business perspective of the study on consumers MS Glow in Bandar Lampung. The approach in this study is to use quantitative research methods. The population in this study is all customers in Bandar Lampung MS Glow unknown number (unknown population). The number of samples used in this study was 96. The results of this study show that Brand Image and Product Quality individually have a positive and significant impact on customer loyalty. Although Green Marketing does not have a significant individual influence, the three variables of Green Marketing, Brand Image, and Product Quality simultaneously contribute to customer loyalty, implying a complex interaction in which brand image plays an important role when combined with green initiatives and guaranteed product quality.
The Influence of Brand Consciousness on Repurchase Intention with Customer Loyalty as a Mediation Variable in Islamic Business Perspective (Study on Generation Z Colorbox Customers in Bandar Lampung) Mella Rosyana Fitri; Vicky F Sanjaya; Sania Nuraziza
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.v6i1.704

Abstract

This study aims to analyze the influence of Brand Consciousness and Repurchase Intention mediated by Customer Loyalty on Generation Z Colorbox customers in Bandar Lampung in the perspective of Islamic Business. This study focused on 96 respondents from Generation Z in Bandar Lampung. selected through purposive sampling techniques. The research method used is a quantitative method with data collection techniques through questionnaires. Data analysis was conducted using structural equation model approach with SmartPLS 4 application. The findings showed that the existence of positive and significant influence between the relationship of Brand Consciousness to Repurchase Intention, Brand Consciousness to Customer Loyalty, Customer Loyalty to Repurchase Intention, and Customer Loyalty was able to mediate the relationship between Brand Consciousness and Repurchase Intention. In the perspective of Islamic business, all economic activities must be based on Sharia values such as honesty, justice, responsibility, and not harming others.
Profitability, Leverage, Activity, And Liquidity as Determinants of Financial Distress in Property and Real Estate Companies Listed on the IDX Vallesca Irene Thejatirta; Sufiyati Sufiyati
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.v6i1.706

Abstract

The continuity of a company’s operations depends on maintaining a stable financial condition. One of the critical risks that may disrupt business sustainability is financial distress, a situation in which a company experiences severe financial pressure that may lead to bankruptcy. The potential occurrence of financial distress can be identified through financial statements, where financial ratios are used to evaluate the company’s ability to generate profits, meet obligations, and manage its assets and liabilities. This study aims to examine the effect of profitability, leverage, activity, and liquidity on financial distress in property and real estate companies listed on the Indonesian Stock Exchange (IDX) during the 2021-2024 period. Financial distress is measured using the Altman Z-Score model. The sample was selected using a purposive sampling method based on predetermined criteria, resulting in 170 financial statement observations. Data processing and analysis were performed using multiple linear regression through SPSS software. The results show that profitability and liquidity have significant effects in reducing financial distress, while leverage has a significant positive effect on financial distress. Meanwhile, activity does not have a significant effect on financial distress. These findings highlight that managing profitability and liquidity is crucial for minimizing financial distress risk, whereas excessive debt levels may worsen a company’s financial condition.
The Impact of The Terminal Inspection Unit's Rapid Response in Mitigating Baggage Handling System Constraints on OTP (On-Time Performance) at Juanda International Airport Terminal 2 Rizqi Firmansyah Bibra; Mei Retno Adiwati
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.v5i4.707

Abstract

Airport operational performance is highly dependent on the reliability of its supporting facilities, one of which is the Baggage Handling System (BHS). Disruptions to the BHS have the potential to interfere with On-Time Performance (OTP) and passenger satisfaction. This qualitative study aims to analyze the impact of the Terminal Inspection (TI) Unit's rapid response in mitigating BHS constraints on OTP at Terminal 2 of Juanda International Airport. Data was collected through field observations and in-depth interviews with three key parties, namely the Terminal Inspection Unit, the Mechanical Unit, and representatives from Singapore Airlines. The results show that despite not having written standard procedures, the TI Unit has implemented a quick and effective response by acting as a central coordinator. Coordination between units is considered excellent through layered communication channels, although there are differences in perception regarding work pressure. BHS disruptions have not directly caused significant flight delays thanks to contingency procedures, but they have the potential to indirectly affect OTP through domino effects such as long queues and a decline in service quality. This study recommends the development of written SOPs, crisis communication training, and the strengthening of an integrated monitoring system to improve airport operational resilience.
The Effect of Twin Date Event, Price Discount, and Free Shipping on Impulsive Buying in Shopee Marketplace Reviewed in Islamic Business Perspective Raihani Fauziah Khaerunnisa; Hanif Hanif; Nurhayati Nurhayati
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.v6i1.708

Abstract

This study aims to examine the twin Date event, discount price and free shipping on impulsive buying partially and simultaneously as well as reviewing the perspective of Islamic Business. The research method used is a descriptive method with a quantitative approach, the population of this study is Generation Z in Bandar Lampung totaling 296.828 thousand inhabitants and a sample of 100 respondents. The results showed that the twin Date event had a positive and significant effect on impulsive buying, price discounts had a positive and insignificant effect on impulsive buying, free shipping had a positive and significant effect on impulsive buying and simultaneously the Twin Date Event, price discounts, and free shipping had a positive and significant effect on impulsive buying in the shopee marketplace in Generation z in Bandar Lampung City. Viewed from the perspective of Islamic Business, islam forbids excessive consumption behavior (isrāf) and waste (tabdzir) and must emphasize the principles of simplicity (al-iqtisād), balance (wasathiyah), and usefulness in consumption.
The Influence of Religiosity and Hajj Waiting List on Customer Interest in Registering for Regular Hajj Quota (Case Study at Bank Muamalat Gorontalo Branch) Gita Purnamasari; Niswatin Niswatin; Ronald S. Badu
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.v6i1.716

Abstract

This study aims to analyze the influence of religiosity and the Hajj waiting list on customers' interest in registering for a regular Hajj quota at Bank Muamalat, Gorontalo Branch. A quantitative research method was employed, with primary data collected through a questionnaire distributed to Bank Muamalat customers. The sample consisted of 97 respondents. Data processing was conducted using SPSS version 16, including validity testing, reliability testing, classical assumption testing, multiple linear regression analysis, hypothesis testing, and coefficient of determination analysis. The results of the study showed that partially, religiosity had a positive and significant effect on customers' interest in registering for regular Hajj portions. Likewise, the Hajj waiting list variable has a positive and significant effect on the interest in registering for the regular Hajj portion. Simultaneously, both religiosity variables and the Hajj waiting list have a significant effect on customers' interest in registering for regular Hajj portions at Bank Muamalat Gorontalo Branch. These findings provide practical implications for Bank Muamalat Gorontalo Branch in particular, and Islamic banking in general to increase interest in Hajj registration through strengthening the value of religiosity and transparency of waiting list information in their marketing programs.
The Impact of Working Capital on Financial Performance Moderated by Dividend Policy and Financial Ratios: A Study of Manufacturing Companies in Indonesia Lutfi Adnan Affif; Asfina Nor Husna; Henny Setyo Lestari; Farah Margaretha Leon
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.v6i1.732

Abstract

This study aims to analyze the impact of working capital on financial performance moderated by dividend policy and financial ratios at manufacturing companies in Indonesia. This research method uses a panel data regression, utilizing Eviews 9.0 software for data processing. The sample for this study includes 47 technology and manufacturing companies listed on the IDX with consistent data available for the 2020–2024 observation period. This study adopts a hypothesis-testing design to analyze the effects of the Cash Conversion Cycle, Leverage, Sales Growth, and Investment Policy on Financial Performance (ROA). Additionally, the model incorporates Size and Inflation as control variables and Dividend Payout Ratio as the moderating variable.