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 296 Documents
Digitalization Process in Islamic Business: Literature Review Anam, Moh. Khoirul; Masuwd, Mowafg Abrahem
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (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.v4i2.325

Abstract

Digitalization has become an essential component for modern businesses, and without it, companies struggle to keep pace in the era of Industry 4.0. However, there is still limited research on the impact of digitalization within Islamic or Sharia-compliant businesses. This study aims to explore digitalization in Islamic business, focusing specifically on Indonesia. The research employs a narrative review methodology, analyzing existing literature on Islamic business to provide a comprehensive overview of the importance of digitalization. The findings reveal that digitalization offers numerous advantages for businesses, including those in the Islamic sector. Islamic banks, as a key component of Islamic business, were among the first to embrace digitalization. The study also highlights that stakeholder support in Indonesia for the digitalization of Islamic businesses is sufficiently robust. This research provides a unique perspective on the evolution of digitalization in Islamic enterprises and is intended to encourage further studies in the field of Islamic business in the context of Industry 4.0.
Sustainable Development and The Role of Islamic and Social Banks Abdulghani, Naser Ali
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (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.v4i2.326

Abstract

Islamic banking is a financial system that is based on Islamic law (Sharia) and is influenced by Islamic economics. The Islamic financial system is supported by four primary pillars: the Islamic banking system, the Islamic money market, Islamic insurance (takaful), and the Islamic capital market. These systems provide alternative funding sources. Conversely, social banks are established to utilize financial services to generate a positive impact on society and the environment. Consequently, consumers perceive Islamic banks, depositors, and the broader community as having both economic and social responsibilities. The fundamental principles of the United Nations Sustainable Development Goals (SDGs) are eradicating poverty and promoting sustainable development. The parallels between Islamic and social institutions will be the focus of this investigation. The significance of the two institutions in advancing the United Nations Sustainable Development Goals (SDGs) will be underscored in this research.
The Influence of Intrinsic Motivation and Transformational Leadership on Student Association Performance at Institut Elkatarie: The Moderating Role of Islamic Work Ethics Azim, Irfan; Baini, Nirmala; Amin, M. Zulkifli; Supriyanto, supriyanto
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (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.v4i2.327

Abstract

The primary goal of management in any organization is to achieve and maintain good performance to meet organizational objectives, which is essential for competitiveness in the global market. This study investigates how intrinsic motivation and transformational leadership influence the performance of the student council at the Institut Elkatarie, with Islamic work ethics as a moderating variable. Using quantitative methods and simple random sampling, data were collected from 90 out of 116 student council members for the 2023-2024 period and analyzed using regression analysis with IBM SPSS Statistics 25.0 The study shows that intrinsic motivation (X1) and transformational leadership (X2) both positively influence performance (Y), with significant T-values of 2.216 and 7.545, respectively. This suggests that enhancing intrinsic motivation and adopting transformational leadership can improve performance. However, the interactions between intrinsic motivation and Islamic work ethics (M), and transformational leadership and Islamic work ethics, were not significant, with significance levels of 0.294 and 0.571, respectively. This indicates that Islamic work ethics may not moderate the relationship between motivation, leadership, and performance in this context.  
The Role of Islamic Economic Politics in Implementing Globalization ASEAN Economic Community (AEC) Santika, Ana; Akbar, Estelee Elora; Rahmawan, Lutfi Hery
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (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.v4i2.328

Abstract

Islamic economic opportunities in the MEA era, especially in Indonesia. As understood, the MEA is a cooperation and development of ASEAN integration that aims to play an important role in supporting economic integration, building a unique economic identity, and increasing inclusiveness in the Asian region. This study concludes that Indonesia can have the opportunity for sustainable Islamic economic development because, in terms of social justice in Islamic economics, it can encourage a more equitable distribution of income and reduce economic inequality. Second, Indonesian Islamic banking can be a national strength towards a golden Indonesia and help encourage economic inclusiveness among MEA member countries, by providing greater opportunities for all levels of society in Indonesia.
Management of Baitulmaal Muamalat (BMM) East Java Representative in Management of Productive Waqf in the Real Sector Uswatun Chasanah
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (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.v4i2.329

Abstract

This study aims to analyze the management of productive waqf in the real sector by highlighting the partnership between Baitulmaal Muamalat (BMM) and Ayam Bakar Pak D outlet Kartini, Sidoarjo. This study uses a qualitative approach through a field study method to explore the implementation of productive waqf management applied by BMM. Primary data was obtained through in-depth interviews with BMM managers, while secondary data was taken from internal documents and related publications. Data analysis was carried out using the Bogdan and Taylor interactive model. The results of the study indicate that the management of productive waqf in the real sector at the outlet is quite effective, with the implementation of management functions including planning, organizing, actuating, and controlling. The benefits generated from this partnership have contributed to improving the socio-economic welfare of the community. However, there are obstacles in the form of a lack of diversification of management sectors and operational challenges that require a thorough evaluation. The implications of this study highlight the importance of developing innovations in Sharia business models and optimizing partnerships in supporting the sustainability of productive waqf.
The Development of the Rempang Island Industrial Area from the Perspective of Abdul Majid Al-Najjar’s Maqashid Sharia Fatkhurrozi, Tanto; Fageh, Achmad
Majapahit Journal of Islamic Finance and Management Vol. 4 No. 2 (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.v4i2.330

Abstract

This study aims to critically analyze the development of the Rempang Island industrial area using Abdul Majid Al-Najjar’s Maqashid Sharia framework, with a focus on the principles of environmental preservation and the protection of human rights. This qualitative research adopts a library research approach, utilizing data from relevant documents, books, academic journals, and other references related to industrial development on Rempang Island. The findings reveal that the industrial development aligns partially with Al-Najjar’s maqashid sharia principles, particularly in terms of Hifzh Al-Biah min Al-Talaf (environmental preservation from destruction) and Hifzh Al-Biah min Al-Talawwuth (protection from pollution). However, in the context of Hifzh Al-Nafs (preservation of life), the forced relocation of local residents contradicts sharia objectives, as it threatens community welfare, disrupts livelihoods, and undermines social justice. Despite the government's provision of alternative locations for the affected communities, further evaluation is needed to ensure sustainable development that upholds both environmental and social justice in line with maqashid sharia principles.
Analysis of Financial Ratios on The Performance of Muamalat Indonesia Bank Nurlatipah, Wita Sri; Rahman, Fadali; Toha, Mohamad
Majapahit Journal of Islamic Finance and Management Vol. 2 No. 1 (2022): 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.v2i1.13

Abstract

This study aims to determine the effect of financial ratios (NPL, CAR, LDR, BOPO) simultaneously on the performance of Muamalat Indonesia Bank from 2008-2018. In this study, the researchers used a type of quantitative research with a descriptive and verification research approach because of the variables to be examined for their relationship and the purpose of presenting a structured picture. This research is a quantitative study with time series data. The type of data used in this study is secondary data in the form of data for all variables, namely Return on Assets (ROA), Non-Performing Loans (NPL), Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), and Operating Cost Income Operational (BOPO). This secondary data was obtained by the method of observing financial ratios registered during the observation from 2008 to 2018. Corporate financial data for that period is available at www.idx.co.id. Data collection techniques used are observation and recording and linear regression models are used to determine whether there is a significant influence of one variable with another variable. For testing the hypothesis, it used the t-test and F-test.
Opportunities Analysis of Indonesian Sharia Bank (BSI) Become Top 5 Bank in Indonesia Based on Asset Strength and Vision Mission Kunaifi, Aang; Ali Sad, Achmad; Mawardi, Ahmad
Majapahit Journal of Islamic Finance and Management Vol. 2 No. 1 (2022): 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.v2i1.21

Abstract

The company's organizational goals can be achieved through several strategies used in determining competitive advantage, namely by using various strategies, namely by identifying the company's internal and external factors, including the role of the workforce or employees. In addition, it also develops product services through digitization that is more flexible and convenient for customers, such as the use of a single system, which means that now Bank Syariah Indonesia has one core banking system, one enterprise data, one bank code code 451, and one financial reporting. under the name Bank Syariah Indonesia (BSI). This study aims to measure BSI's opportunities in achieving the target of becoming the top 5 in the national banking industry. This research is a research with a qualitative descriptive approach. This research was carried out at Bank Syariah Indonesia KCP Molyosari Surabaya, the subjects of this research were the Branch Manager (BM), Micro Relationship and Manager Team Leader (MRMTL), Consumer Bussines Staff (CBS), Customer Service (CS), Branch Operation and Service Manager (BOSM). The data collection method in this study used interviews, observation, and documentation, then analyzed descriptively qualitatively. Through the findings in this study, it is hoped that the right and measurable strategy will be obtained in achieving the target of the top 5 banks in Indonesia
Sharia Pawn Mechanism (Rahn) on BMT Mawaddah Palengaan Branch Bahri, Mat; Ernawati, Ernawati; Agustin , Dwi Novita
Majapahit Journal of Islamic Finance and Management Vol. 2 No. 2 (2022): 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.v2i2.22

Abstract

cabang Palengaan  in running a sharia pawnshop business (rahn). By using the descriptive method with the approach. The findings of this study are based on the Sharia Pawn (Rahn) mechanism in Baitul Maal Wa Tamwil BMT Mawaddah cabang Palengaan, First, the pawn contracts used are rahn and ijarah contracts. Second, the customer disbursement process will be subject to administrative and ujrah fees. Third, there is a process of determining the loan ceiling that will be given to customers. Fourth, the repayment process applies 2 ways, namely, the installment model and repayment at the 3 month maturity date. Fifth, if there are customers who are unable to pay off loans according to maturity, there are 2 ways of handling them, namely, taking a direct approach to provide settlement solutions and the auction process. Academic recommendations from this research, there is a need for further research with a wider unit of analysis.
Procedure for Providing Financing without Collateral with Wakalah Wal Murabahah Contracts at Btpn Syariah Surabaya Kusmanningrum, Yunita; Wahyuni, Rinda Tri; Shalasiah, Shalasiah
Majapahit Journal of Islamic Finance and Management Vol. 2 No. 2 (2022): 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.v2i2.25

Abstract

In the last five years, BTPN Syariah has continued to show progress, from year to year the assets owned have continued to increase accompanied by an increase in disbursed financing. Nevertheless, BTPN Syariah was able to reduce the NPF to below 2.5% with the disbursed financing being at 10 trillion, even though the disbursed financing is collateral-free financing and is given to pre/prosperous communities. The purpose of this study is to find out and understand what kind of procedures are applied to this collateral-free financing. The method used in this research is a descriptive qualitative method with the type of field research (field research), the collection technique used is observation and in-depth interviews.

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