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Majapahit Journal of Islamic Finance dan Management
Published by Institut Pesantren KH Abdul Chalim
ISSN : -     EISSN : 27980170     DOI : https://doi.org/10.31538/mjifm
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
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.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 296 Documents
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An Examination of the Mergers and Acquisitions Involving PT Goto Gojek Tokopedia Tbk Barus, Dana Syahputra; Barus, Elida Elfi
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 2 (2023): 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.v3i2.43

Abstract

The merger of Gojek and Tokopedia, two leading start-ups in Indonesia, culminated in the creation of a unified entity known as GoTo on May 17th, 2021. This strategic integration marks a significant milestone, positioning GoTo as a major player in the Southeast Asian market. The primary objective of this study is to comprehensively analyze the factors and challenges inherent in the GoTo E-Commerce Merger process. Employing a qualitative research methodology, this study delves into the complexities of the merger, shedding light on critical aspects. The merger not only facilitates geographical expansion for GoTo but also positions it strategically to enhance operational effectiveness and efficiency. This geographical expansion is a crucial aspect, as it allows GoTo to tap into other Southeast Asian markets, creating a formidable presence that enables it to compete more effectively with prominent technology conglomerates. However, the post-merger scenario for PT GoTo has not been without its share of challenges. The study identifies and scrutinizes four major challenges faced by the company in the aftermath of the merger. This study provides a nuanced examination of the GoTo E-Commerce Merger, offering valuable insights into the underlying factors and challenges faced by PT GoTo. Through a qualitative research methodology, the study contributes to a comprehensive understanding of the dynamics at play in the post-merger landscape, shedding light on critical aspects that demand strategic attention and management.
Service Quality Bus Rapid Transit JATIM, Corridor I Sidoarjo-Surabaya-Gresik Buana, Miftahal Anjarsabda Wira; Z. A., Moh. Ah. Subhan
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 2 (2023): 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.v3i2.45

Abstract

There has been a significant decrease in public interest in the use of the Jatim Bus Rapid Transit (BRT) system. The present matter has a substantial impact on the decline in revenue for Perum Damri. The primary aim of this study is to evaluate the service quality of Jatim Bus Rapid Transit in Jatim, with the ultimate goal of improving public participation in this specific kind of public transportation. The results of this study reveal a significant discrepancy of -1.49, suggesting a divergence between the perceptions and anticipations of participants regarding the operating hours of the Jatim Bus Rapid Transit system. The majority of participants, comprising 64 individuals (68.1%), expressed a lack of familiarity with the operational hours of the Bus Rapid Transit (BRT) system. Additionally, they reported experiencing frequent occurrences of delayed bus arrivals at authorized bus stops. The participants conveyed their expectations regarding the clear and explicit operational hours (arrival and departure) of the Bus Rapid Transit (BRT) system. A narrower gap, tending towards zero or a positive value, signifies a heightened degree of service quality demonstrated by the organization. Conversely, when the magnitude of the gap expands, there is a corresponding decline in the degree of service quality offered by a firm. The notable decrease in the public interest and the significant discrepancy in perceptions of the Jatim Bus Rapid Transit (BRT) system’s operating hours reveals a pressing need for Perum Damri, the provider, to enhance service quality, particularly addressing issues of operational transparency and punctuality. Hence, it is crucial for service-oriented entities such as Perum Damri, the provider of the Jatim Bus Rapid Transit in Jatim, to prioritize the enhancement of service quality, with a specific focus on locations that demonstrate the most significant discrepancies as indicated by the available data.
A Critical Examination of Operational Management Practices at PT Calvary Abadi Mojokerto Muttaqin, Muh. Syaukin; Syahbudi, Muhammad
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 2 (2023): 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.v3i2.46

Abstract

The implementation of operational management in a corporation is of utmost importance. Irrespective of the diverse operational processes that are present inside the organization. There is a potential for the existence of conditions and restrictions. The objective of this study is to examine the application of operational management practices within local enterprises in Mojokerto City, specifically focusing on PT Nasional Industry Gasses Indonesia. The research findings indicate that PT Calvary Abadi has implemented many operational management strategies, one of which is quality management through the adoption of ISO standards as a mandatory operational requirement. The study's findings highlight the effective approach of PT Calvary Abadi in ensuring quality, planning, and collaboration within the organization through the implementation of operational management strategies such as ISO standard adoption, annual forecasting, and supply chain coordination. The organization maintains annual management forecasting phases and establishes a well-defined supply chain management structure that facilitates coordination between the company, its suppliers, and consumers. The ideal geographical plan for the company has been determined. This study utilizes qualitative data acquired through the implementation of HR/HSE interview procedures throughout several companies. The research did not employ any sample methodology and solely focused on PT Calvary Abadi as the subject of analysis for operational management.
Determination of Murabahah Fines at Wates Jaya Phone According to Fatwa DSN MUI No. 17 of 2000 Cahyaning Puteri, Suci; Asiyah, Binti Nur
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 1 (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.v4i1.50

Abstract

Wates Jaya Phone is one of the Wates Mulyo BUM Desa business units which is engaged in buying and selling smartphones and other electronic equipment, their buying and selling practices are based on sharia. This financing is murabahah which is used as a principle in buying and selling smartphones that are ordered on a firm basis without a down payment with competitive margins. Unfortunately, even though murabahah installment payments are made very easily, there are still customers who deliberately delay payments and cause significant problems for Wates Jaya Phone. This research aims to analyze the implementation of Murabahah transactions and the determination of Murabahah fines on Wates Jaya cell phones according to the MUI DSN Fatwa Number 17 of 2000. The research method used is descriptive with a qualitative approach using literature studies and case studies on Wates Jaya cellphones. The results of this research show that the murabahah contract carried out on Wates Jaya Phone is carried out with a single contract only (according to Islamic rules and legal rules), in contrast to other sharia institutions mentioned in previous research which camouflage murabahah and wakalah contracts, then determine Murabahah Fines on Wates Jaya Phone is also in accordance with the MUI DSN Fatwa Number 17 of 2000, namely the application of fines following the principle of ta'zir/fines in the form of money amounting to 1.5% of the transaction price plus a margin for each month, outside of transaction financing so that customers are more disciplined, in the future fines.
Measures of Fulfillment of Beliefs for Couples who Memorize the Qur'an from Imam Syafi'i's Perspective in Cepokolimo Village, Pacet District, Mojokerto Regency Nuroniah, Zuhrufah Jihan; Romli, Muhammad
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 1 (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.v4i1.51

Abstract

Marriage is a way for humans to continue their offspring and preserve their lives. There are rights and obligations in a marriage, namely mutual respect between husband and wife and mutual love. Apart from that, after marriage comes responsibility in the form of maintenance provided by the husband. The most important obligation of a husband is the obligation to provide support, whether in the form of food, clothing, or shelter. Meanwhile, the wife's obligation in a marriage is primarily to obey her husband and maintain her husband's honor. The problem formulation that can be taken from this research is how to measure the fulfillment of livelihood for married couples who memorize the Qur'an in Cepokolimo Village, Pacet District, from Imam Syafi'i's perspective. This research aims to determine the measure of livelihood fulfillment for couples memorizing the Qur'an in Cepokolimo Village, Pacet District, Mojokerto Regency from the perspective of Imam Syafi'i. The research method uses a qualitative approach with a case study type of research and is descriptive. In this research, data collection techniques were carried out using interviews, documentation, and data presentation. Supporting the wife is mandatory for the husband even if the husband does not have a fixed income. In this research, it can be concluded that the implementation of the size of living provided by husbands who memorize the Qur'an from the perspective of Imam Syafi'i in Cepokolimo Village, Pacet District, not everyone is aware of this provision, even though they are among those who memorize the Qur'an, most of them do not understand about it. the size of the living determined by Imam Syafi'i, fulfilling the living for his wife according to her abilities and what she is.
Optimalization of Green Sukuk as an Effort to Develop Sustainable Development (SDGs) in Review of Maqashid Sharia Ayu Alifia, Putri Ismukhanah; Fakhriah, Nayli
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 1 (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.v4i1.54

Abstract

Rapid economic development contributes to environmental sustainability. Some of the negative impacts caused by irresponsible economic activity are air pollution, water pollution, and damage to biodiversity, which ultimately contribute to climate change. This study aims to determine the role of green sukuk in sustainable development efforts in the Maqasid Sharia review. Green Sukuk is an innovative financial instrument based on Sharia principles to support Indonesia's commitment to address climate change. Awareness of the sustainability of nature is the basis for environmentally sound development. This research uses descriptive qualitative research methods with data collection techniques, namely literature and research studies obtained from scientific journals, scientific articles, books, and research reports that contain information on green sukuk, sustainable development, Sustainable Development Goals (SDGs), and Maqasid Sharia. The results of this study explain that the integration of green sukuk in sustainable development efforts is in line with Maqasid Sharia, which aims to provide benefits for the community. There are still relatively few studies that discuss the Maqasid Sharia perspective about green sukuk. Thus, this study contributes to the literature on Islamic finance and sustainable development by offering a new perspective on the potential of green sukuk in supporting SDGs and addressing the challenges of climate change in accordance with Sharia principles.
Organizational Climate and Performance in Higher Education: A Bibliometric Analyses Using Dimensions Database Amalou, Sif Islem
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 1 (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.v4i1.55

Abstract

This study conducts a comprehensive bibliometric analysis of research on organizational climate and performance in higher education. The analysis identifies a significant trend in publication patterns, noting a paucity of relevant studies from the early 1980s to 2016. However, from 2016 to 2023, there has been a consistent increase in the number of articles published, reflecting a growing recognition of the significance of organizational climate and performance in higher education. Most publications focus on trade, management, tourism, and services, with substantial contributions from education policy, sociology, philosophy, and related fields. Indonesia leads in publication output, followed by the USA, Malaysia, and Australia. The top-cited articles explore various topics, including the relationship between organizational culture, climate, and employee turnover, servant leadership approaches, university departmental climate, research excellence assessment, and trust dynamics. Although bibliometric analysis may not capture all research activities, this study provides valuable insights into the current research landscape. Future research directions may include investigating specific mechanisms linking organizational climate, work environment, satisfaction, and engagement across different sectors, examining the role of organizational behavior in employee productivity, and assessing and enhancing performance measurement systems.
Sustainability Islamic Business: Risk Management Review Amriyah, Yassirly; Ismawati, Fadila Nur; Pranata, Dedy; Bhakti, Rezsa Lingga; Asiyah, Binti Nur; Hidayat, Muhammad Syahrul
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 1 (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.v4i1.56

Abstract

Islamic business has the phenomenon of being easy to grow and easy to leave. This study aims to analyze the sustainability of Sharia business from the perspective of risk management. This research uses a qualitative approach with a type of literature study employing the PRISMA Method (Preferred Reporting Items for Systematic Reviews and Meta-Analyses). Data was collected from various literature, both from books and related journals. This study introduces the Islamic view on risk management, the urgency of risk management for Sharia businesses, and the implementation of Islamic principles that emphasize the blessings and pleasure of Allah SWT in its operations. The main findings of this study indicate that the application of risk management following Sharia principles can enhance the sustainability of Sharia businesses. The practical implications of this study guide for Sharia business practitioners to consistently manage risks, thereby achieving business sustainability. As a result, businesses can endure and provide benefits for economic circulation in the community.
The Influence of Tourism Object Reconstruction and Tourist Visits on the Welfare of Mataram City Communities Agustina, Ahadiah
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 1 (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.v4i1.57

Abstract

This research aims to analyze the influence of the reconstruction of tourist attractions and tourist visits on community welfare in the Mataram City area, Lombok. The method used in this research is a quantitative method with data analysis techniques using multiple linear regression. Data was collected through a questionnaire with a Likert scale consisting of 20 statements based on relevant indicators. The number of respondents in this study was 69 people, consisting of 30 men and 39 women. The results of multiple linear regression analysis show that the reconstruction of tourist attractions and tourist visits has a significant influence on the welfare of the people in Mataram City. The R-value obtained is 54.7%, which shows that the two independent variables together can explain 54.7% of the variation in community welfare. These findings indicate that increasing the quality and quantity of reconstruction of tourist attractions as well as the number of tourist visits can contribute positively to the welfare of local communities. This research provides practical implications for stakeholders in the tourism sector and local governments to continue to develop and improve tourist facilities and attract more tourists to improve community welfare. Furthermore, this research can be the basis for further studies that explore other factors that may influence the welfare of people in tourist areas.
The Influence of Halal Labels and Electronic Word of Mouth (E-WOM) on Purchase Decisions of Food and Beverage Products on the Shopee Online Site Rosyid, Muhammad Abdul; Zuana, Muhammad Mujtaba Mitra; Muawanah, Muawanah
Majapahit Journal of Islamic Finance and Management Vol. 3 No. 1 (2023): 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.v3i1.34

Abstract

E-commerce is a new concept that can be used as a process of buying and selling goods or services. Shopee is one of the e-commerce companies whose users are increasing every year. The use of the Shopee application is in great demand through sharing circles, especially among students. In buying a product, halal labels and information about the product are very important with the existence of electronic word of mouth as an information medium usually a consideration for deciding to buy the product.  The purpose of this study is to prove that there is an influence of halal labels and electronic words of mouth partially and simultaneously on purchasing decisions in students of the Faculty of Sharia. This type of research is quantitative research with the survey method. The data used in this study are primary data and also secondary data. Data collection is carried out using the questionnaire method. The number of populations in this study is not known exactly the number, the sample used in this study amounted to 82 respondents. The analysis technique used in this study is a multiple linear regression analysis technique. Halal labels and electronic word of mouth simultaneously have a positive and significant effect on purchasing decisions for food and beverage products on the Shopee online site. This is indicated by a calculated F value of 59.149 and a table F value of 3.11. The significance value is < 0.001. The value indicates that the calculated F value > F of the table and the significance value of the < 0.05.

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