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Dhita Febyanti
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INDONESIA
Journal of Ekonomics, Finance, and Management Studies
Published by Universitas Muhammadiyah Gresik
ISSN : 26202956     EISSN : 27470490     DOI : https://doi.org/10.47467/elmal.v5i12
Core Subject : Religion, Economy,
Religion Economics, Econometrics & Finance
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam mempublikasi hasil riset dan kajian terkini bidang ekonomi, keuangan, manajemen dan bisnis Islam. Mulai 2011, jurnal ini terbit tiga kali setahun setiap Maret, Juli dan November. Jurnal ini dikelola oleh Pusat Riset dan Kajian Strategis (PRKS) Masyarakat Ekonomi Syariah (MES) Bogor Raya bekerjasama dengan Institut Agama Islam Nasional (IAI-N) Laa Roiba Bogor, Institut Agama Islam (IAI) Sahid Bogor dan Institut Umum Quro Al-Islami (IUQI) Bogor. P-ISSN 2620-2956 E-ISSN 2747-0490.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 1,822 Documents
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Analisa Implementasi Akad Istishna pada Produk Pembiayaan KPR Syariah (KPR Indent IB) Bank BTN Syariah Azhar Taufik; Dina Febriani; Asep Supyadillah
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11751

Abstract

This study aims to analyze the implementation of the istishna’ contract in the KPR Indent IB home financing product at Bank BTN Syariah (BSN) and to assess its compliance with DSN-MUI Fatwa No. 06/DSN-MUI/IV/2000 concerning Istishna’ Sale and Purchase. The background of this research is based on the increasing public demand for home ownership through sharia-compliant financing schemes that are free from elements of riba (usury) and gharar (uncertainty). This research employs a descriptive qualitative method with a case study approach. Data were collected through observation and interviews with officials of Bank BTN Syariah, Harmoni Branch, Central Jakarta, as well as a partner property developer in the Depok area. The data analysis technique applied the Miles and Huberman model, which includes data collection, data reduction, data display, and conclusion drawing. The findings indicate that the implementation of the istishna’ contract in the KPR Indent IB product fulfills the essential pillars and conditions stipulated in the DSN-MUI Fatwa, particularly in terms of payment provisions, clarity of the contract object specifications, delivery mechanisms, and financing risk management. The margin scheme is determined as fixed or tiered without altering the principal price agreed upon at the inception of the contract, thereby avoiding elements of gharar. Risk management is conducted through warning mechanisms, restructuring measures, collateral execution in cases of default, and the imposition of ta’zir penalties allocated to charitable funds. It can therefore be concluded that the implementation of the istishna’ contract in the KPR Indent IB financing product at Bank BTN Syariah is substantially in accordance with sharia principles and the applicable fatwa regulations in Indonesia.
Peran Pengeluaran Pemerintah, Infrastruktur, dan Tenaga Kerja dalam Meningkatkan Pembangunan Manusia dan Pertumbuhan Ekonomi di Bidaang Pendidikan Vika Amalia Deantari; Deky Aji Suseno
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11759

Abstract

                This study analyzes the effect of government spending in the education sector, educational infrastructure, and teaching staff on the average length of schooling (ALS) and its effect on gross domestic product (GDP) in 34 provinces in Indonesia. The method used is Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results of the study show that education spending has a positive and significant effect on GDP, while educational infrastructure has a negative and significant effect. Teaching staff have a positive impact on average length of schooling, but do not have a direct impact on GDP. Average length of schooling has a positive impact on GDP and functions as a mediating variable in education variables and economic growth. These results indicate that average length of schooling has a strong mediating effect on economic growth by improving the quality of human resources.
Evaluasi Program Pelatihan Kerja Kejuruan Refrigerasi Berbasis Model Kirkpatrick: Studi Kasus di Balai Latihan Kerja Kabupaten Karawang Mardani Mardani; Enjang Suherman; Laras Ratu Khalida
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11774

Abstract

This study aims to evaluate the effectiveness of the refrigeration vocational training program at the Job Training Center (BLK) of Karawang Regency using the Kirkpatrick Evaluation Model, which consists of four levels: reaction, learning, behavior, and results. The study employed a descriptive qualitative approach, with data collected through interviews, observations, and documentation. The informants included program managers, instructors, and trainees. Data were analyzed interactively through data reduction, data display, and conclusion drawing. The results indicate that at the reaction level, participants showed positive responses toward the training materials, instructional methods, and instructor competence. At the learning level, there was an improvement in participants’ knowledge and technical skills in accordance with the Indonesian National Work Competency Standards (SKKNI). At the behavior level, participants demonstrated changes in work attitudes, becoming more disciplined, structured, and responsible. At the results level, out of 16 participants, 12 were declared competent and ready for employment or entrepreneurship, while the remaining 4 participants did not meet the established competency standards. These findings suggest that competency-based training at the BLK of Karawang Regency is effective in enhancing participants’ quality and job readiness, and contributes to strengthening the quality of human resources at the local level.
Understanding Public Transport Loyalty: The Roles of Service Quality, Satisfaction, and Perceived Value Arif Fakhrudin; Kifni Yudianto; Maria Valeria Roellyanti
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11778

Abstract

Public transportation plays a crucial role in promoting sustainable urban mobility and reducing reliance on private vehicles. However, many public transport systems face challenges in maintaining long-term passenger loyalty. Understanding the determinants of passenger loyalty is therefore essential for transportation providers and policymakers seeking to enhance service performance and increase ridership. This study aims to examine the relationships among service quality, perceived value, passenger satisfaction, and passenger loyalty in public transportation services. A quantitative research approach was employed using a structured survey distributed to public transportation users. Data were collected from 200 respondents and analysed using Structural Equation Modelling (SEM) to test the proposed hypotheses and examine the relationships among the constructs. The measurement model was evaluated to ensure reliability and validity before conducting structural model analysis. The results reveal that service quality significantly influences both perceived value and passenger satisfaction. Furthermore, perceived value has a positive effect on passenger satisfaction and passenger loyalty. The findings also indicate that passenger satisfaction plays a critical role in enhancing passenger loyalty toward public transportation services. These results highlight the importance of delivering reliable, safe, and comfortable transportation services in order to improve passenger perceptions and encourage continued usage. This study contributes to the literature on transportation service management by providing empirical evidence on the mechanisms through which service quality and perceived value influence passenger loyalty. The findings also offer practical implications for transportation providers and policymakers seeking to improve service quality, enhance passenger satisfaction, and promote sustainable public transport usage.
Peran Financial Literacy dalam Menjembatani Hubungan Antara Persepsi Risiko, Overconfidence dan Sosial Media Terhadap Keputusan Investasi Mahasiswa Marta Erin Anggraini; Diana Puspitasari; Rudi Kurniawan; Almira Santi Samasta
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11782

Abstract

This study aims to examine the influence of risk perception, overconfidence, and social media on students' investment decisions, with financial literacy as a mediating variable. Using a quantitative explanatory method, primary data were collected through a courage questionnaire from students who have experience or basic knowledge of investing. Partial Least Squares Structural Equation Modeling (PLS-SEM) was used for analysis. The results showed that risk perception, overconfidence, and social media had a positive and significant impact on students' investment decisions. Financial literacy was also shown to have a positive and significant influence on investment decisions and was able to mediate the influence of the three variables. These findings reinforce the importance of financial literacy in helping students manage behavioral biases and filter digital information, thus enabling more rational and targeted investment decision-making. This research contributes to the development of behavioral finance studies in the context of student investment behavior in the digital era.
Pengaruh Lingkungan Kerja, Motivasi, dan Komunikasi Terhadap Kepuasan Kerja Pegawai Perusahaan Daerah Air Minum (PDAM) pada Divisi Hubungan Pelanggan Kota Balikpapan Listya Dwi Nur Azizah; Misna Ariani; Imam Arrywibowo
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11787

Abstract

The purpose of this study was to determine the influence of Work Environment, Motivation, and Communication on Job Satisfaction of Employees at the Regional Drinking Water Company (PDAM) in the Customer Relations Division of Balikpapan City. The research used quantitative research. The sampling technique used purposive sampling with a sample size of 75 employees at the Regional Drinking Water Company. Data collection was conducted by distributing questionnaires. This study used Smart-PLS to process the data. Data analysis methods used outer models, inner models, basic equations, and bootstrapping tests. The results showed that the variables of Work Environment, Motivation, and Communication influenced Job Satisfaction of Employees at the Regional Drinking Water Company (PDAM) in Balikpapan City.
Pengaruh Disiplin Kerja, Motivasi dan Budaya Organisasi Terhadap Kepuasan Kerja Karyawan Perusahaan Daerah Air Minum (PDAM) Kota Balikpapan Safira Salsabila Azizah; Misna Ariani; Tutik Yuliani
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11788

Abstract

The purpose of this study was to determine the influence of Work Discipline, Motivation, and Organizational Culture on Job Satisfaction of Employees at the Balikpapan City Regional Drinking Water Company (PDAM). This type of research used quantitative research. The sampling technique in this study used puposive sampling with a sample size of 75 employees at the Balikpapan City Regional Drinking Water Company. The data collection method was carried out by distributing questionnaires. This study used Smart-PLS to process the data. The data analysis method in this study used outer models, inner models, basic equations, and bootstrapping tests. The results showed that the variables of Work Discipline and Motivation influenced Job Satisfaction of Employees at the Balikpapan City Regional Drinking Water Company (PDAM), and the study showed that the variable of Organizational Culture did not influence Job Satisfaction of Employees at the Balikpapan City Regional Drinking Water Company (PDAM).
Efektivitas Penggunaan Modal Kerja dalam Meningkatkan Laba Usaha PT Indofood Sukses Makmur Tbk pada Bursa Efek Indonesia Zaira Hanla Diva; Santi Pertiwi Hari Sandi; Ery Rosmawati
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11799

Abstract

The purpose of this study is to determine the effectiveness of working capital utilization in increasing the profits of PT Indofood Sukses Makmur Tbk, a company listed on the Indonesia Stock Exchange. Secondary data was obtained from the company’s annual financial reports for the period 2020–2024. A quantitative descriptive method was employed. The analysis was conducted by measuring working capital turnover, cash turnover, and inventory turnover, as well as profitability ratios such as gross profit margin, net profit margin, return on investment, and return on equity, which were compared to industry standards. The research findings indicate that PT Indofood Sukses Makmur Tbk’s working capital management is effective in boosting the company’s profits, as evidenced by an inventory turnover ratio of 3.47 times—above the industry standard—as well as profitability ratios of 32.60% for gross profit margin (GPM), 10.37% for net profit margin (NPM), and 11.45% for return on equity (ROE). However, the company still needs to improve its working capital turnover, cash turnover, and ROI to optimize its financial performance. These findings demonstrate that the company’s use of working capital has been effective, as evidenced by the increase in net profit despite a temporary decline in 2020.
Menentukan Pengaruh Makroekonomi dan Internal Bank Terhadap Risiko Kredit pada Bank Umum Konvensional Indonesia Keisha Nabiila Endriani; Maria Safitri; Diana Puspitasari; Vicky Oktavia
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11812

Abstract

This study was conducted to identify the impact of macroeconomic variables and internal banking factors on the level of credit risk, known as Non-Performing Loans (NPL), in conventional commercial banks in Indonesia. The macroeconomic variables considered included the rupiah exchange rate, interest rates, and GDP (Gross Domestic Product), while the internal bank factors included ROE (Return On Equity), LDR (Loan to Deposit Ratio), and CAR (Capital Adequacy Ratio). A quantitative approach was applied using secondary data from 2019 to 2024 and a panel regression technique with the REM model. The study sample included 10 conventional commercial banks selected using a purposive sampling method. The study findings revealed that interest rates and ROE had a significant negative effect on NPLs, while LDR showed a significant positive impact on NPLs. On the other hand, the rupiah exchange rate, GDP, and CAR did not show a significant effect on NPLs. Overall, all independent variables jointly influence credit risk.
Optimalisasi Manajemen Properti pada Medium Tank Harimau Melalui Peningkatan Tingkat Kandungan dalam Negeri Achmad Imron; Rudi Haposan Siahaan; Handy Oktavianus
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11880

Abstract

Tanks are properties that have high economic value and are strategic to maintain the sovereignty of the Republic of Indonesia, but until now they have faced obstacles with low TKDN (Domestic Content Level) so that Indonesia has a high dependence on other countries for defense and security equipment. This study aims to increase the TKDN value of the Tiger Medium Tank and is part of Property Management to be more optimal economically and defense-wise. The research is a qualitative study, in the form of a case study of the Medium Tank produced by PT Pindad. The data were collected using the inspection method, micro identification, and interviews with 21 expert sources who were considered to be able to represent stakeholders, namely PT. Pindad as a producer, several supporting industries, users and regulators in this case the Ministry of Industry and the Ministry of Defense and KKIP (Defense Industry Policy Committee). The data was processed using NVivo software to structure the findings. Three points from this study are to increase TKDN. First, review the rules for calculating TKDN specifically for defense and security equipment. The method for calculating TKDN which is currently only cost-based must be combined with process-based, and followed by special implementation rules for defense and security equipment products. Second, efforts that must be made, which include: government policies, commitments, building an ecosystem, and component & subcomponent substitution. Third, this study identifies import substitution component and subcomponent industries that can be developed either through intensification of existing industries or extensification by creating new industries to encourage the formation of an industrial ecosystem that increases TKDN.

Page 181 of 183 | Total Record : 1822

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