Agung Yulianto, Badingatus Solikhah
The most appropriate financing in Islamic banks is mudharaba financing. Mudharaba requires banks and customers to execute an agreement of profit and loss sharing. Mudharaba should be a core business for Islamic banking. However, the facts show that financing is still very low (16%) compared to murabaha financing (58%) with the principle of buying and selling as in conventional banks. The aim of this study was to investigate and analyze the factors that influence the mudharaba financing in terms of customers, banks, and regulators. This research was conducted on the 6 Islamic Banks in Semarang, Indonesia. The data was taken from interviews, questionnaires and also derived from financial statements of Islamic banks. Descriptive statistics and inferential statistical analysis are used to analyze the data. The empirical result shows that the effectiveness of sharia supervisory board, abide by the rules of Sharia, the level of profit sharing, and NPF has effects on mudharaba financing. While the effectiveness of the board of directors and financing deposit ratio does not affect on the Mudharaba financing.
Accounting Department, Semarang State University, Indonesia
