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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 647 Documents
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Training and Self-Efficacy in Lecturers’ Academic Career Development Putri Rahayu; Ratna Komala Putri
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

The academic career progression of permanent lecturers is fundamental to ensuring the quality of higher education. However, a considerable disparity persists between promotion-eligible lecturers and those who submit proposals. This study investigates the impact of training, job motivation, and self-efficacy on the academic career development of permanent lecturers at a private university in Indonesia that experienced institutional relocation. A quantitative descriptive-causal design, incorporating a cross-sectional survey, was employed in the study. A total of 112 permanent lecturers were selected for participation via simple random sampling from a population of 145. The data analysis employed Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The findings indicated that training (β = 0.345; t = 3.851; p < 0.001) and self-efficacy (β = 0.338; t = 4.346; p < 0.001) had a positive and significant impact on career development, while work motivation was non-significant (β = 0.097; t = 1.121; p > 0.05). Collectively, these three variables accounted for 37.1% of the observed variance in career development (R² = 0.371). These findings suggest that targeted training and enhanced self-efficacy are key factors in accelerating academic careers. Institutions should therefore explicitly link training to career pathways and strengthen psychological and collegial support mechanisms.
The Influence of Pedagogical Competence, Work Motivation, and Work Discipline on the Performance of Teachers at Vocational High Schools Khoirul Umah; Andi Nu Graha; Dianawati Suryaningtyas
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.v6i2.1107

Abstract

Vocational High School teacher performance in the digital era often faces gaps between ideal standards and actual conditions, such as lack of learning innovation and suboptimal discipline. This phenomenon underlies this research, considering that teachers are the main asset in determining the quality of vocational education that aligns with the world of work. This study aims to analyze the partial and simultaneous effects of pedagogical competence, work motivation, and work discipline on teacher performance. Using a non-experimental quantitative approach with a survey method, this study involved all 52 ASN teachers at SMK Negeri 1 Batu as respondents through a total sampling technique. Primary data were collected using closed Likert-scale questionnaires and analyzed using multiple linear regression techniques with the help of SPSS software. The results of descriptive statistical analysis showed that all research variables were in the good category. Partial hypothesis testing results showed that pedagogical competence, work motivation, and work discipline had positive and significant effects on teacher performance, with work discipline proven to be the most dominant variable. Simultaneously, the three independent variables significantly influenced teacher performance with a coefficient contribution value based on the determination value of 75.1%, while the remaining 24.9% was influenced by other factors. The synthesis of the main discussion confirms teacher performance is the result of harmonious interaction between ability, motivation, and behavior according to Human Performance Theory. Policy implications require principals to formulate strategies for developing digital competence, rewards, and consistent discipline.
An Analysis of the Role of the Management and Utilization of Local Fixed Assets in Supporting Local Revenue of Mojokerto City Syavina Rachma Delia; Loggar Bhilawa
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.v6i2.1112

Abstract

This study analyzes the management and utilization of fixed assets in supporting the local goverment’s revenue in Mojokerto City. A descriptive qualitative approach was employed, involving deep interviews with 14 informans for 6 Local Goverment Organizations, observations, and documentation. The findings indicate that the administrative asset management aligns with existing regulations and is supported by E-BMD applications. However, it remains suboptimal due to the lack of specialized Standard Operating Procedures (SOPs), human resource containts, incomplete asset data, and prolonged bureaucratic workflows. Asset utilization through rentals, joint operations, and regional levies contributes to local revenue, with the largest contribution coming from Right-of-Way (Rumija) utilization exceeding Rp10 billion annually. Obstacles encountered include administrative indiscipline, rigid bureaucracy, limited maintenance budgets, and low public compliance. This study implies that establishing dedicated technical units (UPTD), accelerating localized regulations, and enforcing institutional digitization are imperative to unlock the sustainable economic value of public assets for fiscal independence.
The Effects of Recruitment, Employee Selection, and On-The-Job Training on Employees’ Task Performance and Adaptive Performance Abdan Tsany Mufid Musyaffa’; Muafi
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.v6i2.1122

Abstract

Digital transformation requires organizations to have human resources who excel in task performance while also being flexible in adaptive performance. This study aims to analyze the integrated effects of recruitment, selection, and on-the-job training on employees’ task performance and adaptive performance. Using a quantitative approach, data were collected via a questionnaire from 100 active employees in the Special Region of Yogyakarta through purposive sampling, then analyzed using PLS-SEM. The results show that recruitment, selection, and on-the-job training consistently have a positive and significant effect on task performance and adaptive performance, with selection being the most dominant factor in adaptive performance. This study explains 60.2% of the variance in task performance and 58.9% of the variance in adaptive performance. The implications are that companies need to optimize competency-based selection and implement continuous digital training. For future research, it is recommended to expand the sample scope across industries, adopt a longitudinal approach, and explore other variables such as motivation and employee engagement to enhance the generalizability of the results.
The Effect of Enterprise Risk Management (ERM) and Investment Decisions on Firm Value of Publicly Listed Companies (An Empirical Study on Companies in the Consumer Cyclical Sector Listed on the Indonesia Stock Exchange for the Period 2020–2024) Muhammad Akrim Ihsanul Amal Abbas; Rediyanto Putra
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.v6i2.1125

Abstract

This study aims to examine the effect of Enterprise Risk Management (ERM) and investment decisions on firm value in companies within the consumer cyclical sector listed on the Indonesia Stock Exchange during the period 2020–2024. Enterprise Risk Management (ERM) is measured through ERM disclosure, investment decisions are proxied by Price Earning Ratio (PER), while firm value is measured using Price to Book Value (PBV). This study employs a quantitative approach using secondary data obtained from 17 companies in the consumer cyclical sector, resulting in a total of 85 observations over a five-year period. The data were analyzed using panel data regression analysis. The results indicate that Enterprise Risk Management (ERM) has no effect on firm value. Furthermore, investment decisions also have no effect on firm value.
The Effect of Tax Planning and Company Size on Company Value (Empirical Study of Manufacturing Companies in the Food and Beverage Sector Listed on the Indonesia Stock Exchange for the Period 2020–2024) Aryanata Al Maahi; Rediyanto Putra
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.v6i2.1126

Abstract

This study aims to analyze the effect of tax planning and firm size on firm value in food and beverage sector manufacturing companies listed on the IDX for the 2020–2024 period. Firm value is measured using the Price Book Value (PBV) indicator. This study adopts a quantitative approach utilizing secondary data from 64 companies (320 observations) in the food and beverage sector over a five-year period. The results indicate that tax planning has no effect on firm value, whereas firm size has a positive and significant effect on firm value.
The Effect of Work-Life Balance on Organizational Citizenship Behavior: The Mediating Roles of Job Satisfaction and Organizational Commitment Leni Erviani; Esti Margiyanti Utami; Agus Saur Utomo
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.v6i2.1131

Abstract

This study aims is to analyze the influence of work-life balance on organizational citizenship behavior, using job satisfaction and organizational commitment as mediators, focusing on the non-medical staff of the Permata Medika General Hospital in Kebumen. This study employs a quantitative method where information was gathered through a survey given to staff members, and the data was examined with SmartPLS 4 software using the Partial Least Squares Structural Equation Modeling (SEM-PLS) approach. The findings show that work-life balance has a positive affect on organizational citizenship behavior. In addition, it was found that work-life balance improves organizational commitment and job satisfaction. On the other hand, organizational citizenship behavior is positively influenced by job satisfaction and organizational commitment. Another discovery demonstrates that job satisfaction and organizational commitment serve as mediators in the connection between work-life balance and organizational citizenship behavior. The results suggest that establishing an ideal work-life balance enhances job satisfaction, bolsters organizational engagement, and fosters organizational citizenship among employees.
The Effects of Competence, Motivation, and Job Satisfaction on Employee Performance: Evidence from PT Kahf Global Logistics Musliyana; Bambang Sutrisno
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.v6i2.1143

Abstract

This study examines the effect of competence, motivation, and job satisfaction on employee performance at PT. Kahf Global Logistics. A quantitative approach with an explanatory research design was employed using primary data collected through questionnaires. The study involved all 30 employees of the company using a saturated sampling technique. Data were analyzed using multiple linear regression with IBM SPSS Statistics version 22. The results indicate that competence has a positive and significant effect on employee performance, while job satisfaction does not have a significant direct effect. Simultaneously, competence, motivation, and job satisfaction significantly influence employee performance, with a coefficient of determination (R²) of 0.723, indicating that 72.3% of the variation in employee performance is explained by the variables examined. These findings suggest that improving employees’ competence and strengthening work motivation are essential strategies for enhancing organizational performance, whereas job satisfaction may play a complementary role rather than directly affecting employee performance. The study provides practical implications for human resource management, particularly in developing competency-based training programs and motivational strategies to improve employee performance.
The Dialectic of Divine Values and Economic Rationality (Formulation of a Divine-Rationality Synthesis Model in Islamic Economic Philosophy) Yanuardin; M. Thahir
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 deeply examines the dialectic between Divine values ​​and economic rationality within the framework of contemporary Islamic economic philosophy. Conventional economic systems tend to strictly separate spiritual aspects from material activities, thereby triggering moral crises, exploitation, and systemic social inequality. In contrast, the Islamic economy offers an alternative paradigm that integrates transcendental revelation with the power of human reason. The central issue addressed in this article is the nature of the operational intersection that emerges when absolute Divine values ​​confront pragmatic human rationality in modern economic practice. Employing a descriptive-analytical qualitative method based on a comprehensive literature review, this study critically explores the integration of the principles of Tawhid (Divine Oneness) and Maqasid Sharia (the objectives of Islamic law) in guiding economic behavior. The findings indicate that Divine values ​​do not hinder economic efficiency; rather, they successfully reconstruct the concept of secular rationality into an ethical rationality oriented toward the holistic attainment of *falah* (ultimate well-being). Economic behavior is driven not merely by the maximization of material utility but also by the maintenance of social balance through instruments of Islamic philanthropy. The study underscores the urgent need to reconstruct the conceptual framework of Islamic economic philosophy, establishing it as a fundamental moral basis for creating a modern market system characterized by justice, balance, and sustainability.
Customer Complaint Behavior Toward an Indonesian Private Airline on Social Media Teresha Puti Anjani; Istyakara Muslichah
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.v6i2.1165

Abstract

Social media has become a primary platform for customers to express complaints about airline services. This study aims to examine customer complaint behaviour toward an Indonesian private airline on social media by identifying the most frequent complaint issues and platforms, as well as the factors motivating customers to use social media as a complaint channel. A descriptive qualitative approach with a case study design was employed. Secondary data were collected from Instagram, TikTok, X (formerly Twitter), Facebook, and Google Maps between 2024 and 2026. The data were analysed using the six-step systematic thematic analysis proposed by Naeem et al. (2023) through a deductive–inductive approach. The findings indicate that complaints were primarily related to flight schedule disruptions, followed by customer service, technical issues, aircraft conditions, and baggage handling. Customers preferred social media because of its accessibility, the expectation of faster responses, and altruistic intentions to inform other consumers. They also expected effective service recovery, including compensation, refunds, and transparent resolution timelines. These findings provide practical insights for airlines in improving social media complaint management and enhancing customer service strategies.  

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