Analysis Implementation of Working Capital Financing Using Musyarakah Contract Case Study of Indonesian Sharia Bank in Makassar City

Abstract

The growth of each Islamic bank is greatly influenced by the development of its ability to collect funds from the public. Fundraising products at Islamic banks are in the form of deposits or savings using murabahah, wadiah and musyarakah contracts. In the Musyarakah financing method, the bank and the prospective customer agree to join a partnership within a certain period of time. Musyarakah is a capital sharing of two or more parties to finance a business and agree to share net profits based on the results of operations with the percentage of profit sharing stated in the contract. However, in the implementation that occurs in the field, the Bank has determined at the outset, the deposit amount that must be deposited by the customer to the Bank every month, this collaboration is no different from credit cooperation at conventional banks. The objective of this study is to determine whether working capital financing has an effect on the application of musyarakah contracts and to determine whether working capital financing has an effect on musyarakah contracts with an increase in customers. The method used in this research is a quantitative method. The total sample in this study amounted to 40 people. Furthermore, the data obtained is then processed using the Pertial Least Square (PLS) method. The results of this study indicate that the working capital financing variable has no effect on the contract variable with a tcount = 1.0164 less than tcount = 1.9600 and the working capital financing variable has an effect on Islamic bank variables with a tcount = 3.7640 greater than the ttable value = 1,960. While the contract variable has no effect on Islamic bank variables because the tcount = 0.2850 is smaller than the ttable = 1.96