Al Tijarah

The Effectiveness of Hybrid Working In Improving Employee Work-Life Balance and Employee Performance

Ahmad Setiyono — 2024-12-31

Technological advances have changed the traditional work paradigm into a more flexible model, especially the Hybrid Working work model, which combines working from the office (WFO) and working from home (WFH). This model has gained popularity during the COVID-19 pandemic as companies try to adapt to the new reality. This study investigates the impact of hybrid working on work-life balance. The goal is to understand how this work model can improve employee Work-Life Balance. The research methodology used is a library research method, which involves collecting and analysing relevant academic sources, including journals, articles and publications related to Hybrid Working, work-life balance and employee performance. Research design involves thorough selection, screening, and analysis of literature to gain meaningful insights. Findings show that Hybrid Working significantly improves work-life balance, leading to increased productivity and employee performance. Key aspects include improved time management, reduced stress, and increased commitment to the organization. This model allows employees to fulfil personal responsibilities while maintaining work efficiency. Companies or organizations that adopt hybrid working are expected to increase employee productivity, welfare and loyalty, reducing overall turnover rates. Effective implementation depends on leveraging technology, strong leadership, and supportive policies.

Keywords: Hybrid working, Work life balance, Employee performance

Determination of Ownership Structure, Profitability, and Liquidity on Dividend Policy in Companies Listed on the JII

Muhammad Zidan Maftuh Al husna — 2024-12-30

This study analyzes the effect of ownership structure, profitability, and liquidity on dividend policy in 18 companies listed on the Jakarta Islamic Index (JII) for the 2019-2023 period.Secondary data in the form of company financial reports obtained from the Indonesia Stock Exchange were analyzed using panel data regression with Eviews software. The findings indicate that managerial ownership (MNRG) exerts a negligible influence on dividend policy (DPR), given the negligible proportion of managerial shares relative to public shares.Conversely, Return on Assets (ROA) demonstrates a positive and significant relationship with DPR, suggesting that higher profitability leads to increased dividend distribution likelihood. The study further found that Net Profit Margin (NPM) exerts no significant influence on DPR, suggesting that net profit is predominantly allocated to support the company's operational needs.The Current Ratio (CR) was found to have a positive and significant effect on DPR, indicating that a higher liquidity level in the company corresponds with its greater capacity to pay dividends. Consequently, this study validates that profitability and liquidity emerge as the predominant factors influencing dividend policy in companies listed on the Jakarta Islamic Index (JII) during the 2019-2023 period.

The Influence of Electronic Word of Mouth and Product Diversity on Purchasing Decisions for Hanasui Cosmetic Products

Zulfa Afifah Nur'aini — 2024-12-30

This study analyzes the influence of Electronic Word of Mouth (E-WOM) and product diversity on purchasing decisions for Hanasui cosmetics in Klaten. The primary objective of this study is to understand how these two factors influence consumer behavior in determining product choices.The study employed a quantitative survey method, distributing questionnaires to 100 respondents. IBM SPSS Statistics v23 x64 was used to analyze the data to obtain accurate and valid results. The findings of the study indicate that both E-WOM and product diversity exert a significant positive influence on purchase decisions, thereby confirming that effective marketing strategies, including the utilization of digital consumer reviews and the provision of a wide product variety, play an important role in increasing consumer attraction and interest in Hanasui cosmetic products.

MONEY MARKET: THE ROLE AND IMPLEMENTATION OF ECONOMIC GROWTH IN THE NON-REAL SECTOR

Atika Zahra Maulida — 2024-12-30

The decision issued by the government to open community activities after the COVID-19 pandemic can encourage economic growth. The money market includes Bank Indonesia Syariah Certificates, SBIS Repurchase Agreement, Sharia Interbank Money Market Instruments, SBSN Repurchase Agreement, and other securities. This study aims to determine the role and implementation of the money market in the economic growth of the non-real sector through qualitative research methods. The data collection method uses accidental sampling, where the researcher interviews the perpetrators and managers of the Sharia money market. The quantitative approach distributes questionnaires about the role and implementation of money market transactions. The research results on money market products show that they are one of the instruments of financial products that can restore performance and economic growth. Money market product transactions have increased from month to month due to the influence of public interest and investment in money market products. The growth performance of the money market can come from increased revenues, sales, purchases, and transactions. The role and implementation of economic growth through the Islamic money market is government intervention and community contribution.

The Effectiveness Of The Sharia-Based Transaction Payment System In Increasing The Trust Of Pilgrims In The Umrah Travel Service Of Pt. Zam Zam Islamic Tourism

Annisa Maharani — 2024-06-26

In the current era of globalization, the religious tourism industry, especially in Umrah pilgrimage trips, is experiencing very rapid growth. Customer trust in travel services is one of the main factors that determine the success of a travel company in maintaining and expanding its market share in the midst of competition. The implementation of this sharia-based payment system can increase pilgrims' trust in the services provided by Umrah travel agencies. This study aims to find out how effective the sharia-based transaction payment system is in increasing pilgrims' trust in Umrah travel services at PT. Zam Zam Islamic Tourism. This research was conducted on PT. Zam Zam Wisata Islami which is located on Al Falah street, Muctar Basri No. B6, Kel, Glugur Darat 2, Kec. The approach used in this study is a qualitative approach. The data analysis technique used through data collection uses an interview process, data reduction, and drawing conclusions. This study shows that the sharia-based transaction payment system has a significant influence on the trust of pilgrims. The implementation of this system has proven to be effective in increasing the trust of pilgrims. However, there are several challenges in its implementation, such as the lack of understanding of pilgrims about the payment system carried out in sharia and the competitiveness of other travel parties. Based on the analysis, it can be concluded that, with the existence of a sharia-based payment system at PT. Zam Zam Wisata Islami has an important role in building the trust of pilgrims, therefore, the company needs to optimize and educate the pilgrims and improve Islamic financial services, this needs to be done to increase the effectiveness of this system in the future.

Effective Management of Zakat in Afghanistan: lessons from Indonesian Experience

Ziaulrahman Mushkalamzai — 2024-12-30

Islam's third pillar is Zakat. Zakat on wealth is a mandatory payment for Muslims. However, it is essential that the government set up a mechanism for managing Zakat. Afghanistan's existing system is a long-standing and traditional. A new, fully functional system, similar to those in other Islamic countries, must be built. This will make it simple to collect Zakat and distribute it to the revered person. This study, which uses a qualitative approach, aims to use Indonesia's experiences to suggest a new administration and structure for Zakat in Afghanistan. This means that there are two kinds of Zakat organizations in Indonesia: governmental and private. In Indonesia, the Zakat system has significantly reduced poverty. Additionally, this study suggested a new Zakat management model for this aim.

Feasibility Analysis Of Sharia-Based Local Productive Enterprises In Phatnawitya School Yala, Thailand

Anisyah Kesuma Dwiyana — 2024-06-26

The community around Phatnawitya Yala School has a variety of local potentials that include agriculture, fisheries, handicrafts, and service sectors. This region is known as one of the high-quality rice-producing areas, with an agricultural system that is still traditional but has the potential to be developed into a modern agribusiness. This research analyzes the feasibility of sharia-based local businesses in the Pahtna Witya Yala School community in Thailand". The research method used is qualitative descriptive. With data collection techniques through observation, interviews, documentation, and literature studies. Data analysis techniques are carried out by data reduction, data presentation, and data retrieval. The validity of the data in this study is guaranteed through the application of triangulation. The results of the study show that productive businesses based on local potential and sharia principles are worthy of development and have a real impact on improving the welfare of the people of Pahtna Witya Yala Scholl Thailand.

Quality of Work Life and Work Stress in Improving the Performance of Generation Z Employees in Solo

Kianeta Merlin — 2024-12-30

This study examines the relationship between Quality of Work Life (QWL) and employee performance by considering the mediating role of work stress on Generation Z employees in Solo City.A review of the literature reveals that there are differences of opinion regarding the influence of QWL on employee performance and other factors that play a role in increasing or decreasing productivity. This study employs a quantitative approach, utilizing the Structural Equation Modeling-Partial Least Squares (SEM-PLS) method to analyze data from 120 respondents collected through a questionnaire.The findings of the study demonstrate that QWL exerts a substantial influence on employee performance, both directly and indirectly through work stress as a mediating variable.Additionally, it was ascertained that QWL has a considerable effect on work stress, which in turn has a deleterious impact on employee performance. This finding underscores the pivotal role of work stress as a mediating variable in the relationship between QWL and performance.The study's findings highlight the necessity for organizations to enhance the quality of their work environments to mitigate stress levels and optimize the performance of Generation Z employees.The practical implications of this study offer valuable insights for companies seeking to formulate more effective policies that enhance employee well-being and maintain productivity in a constantly evolving work environment.