The Determinants of Profit-Loss Sharing Financing of Islamic Banks in Indonesia

Kautsar Riza Salman


Profit-loss sharing financing is one of the leading business activities carried out by Islamic banks, including buying, selling, and leasing. Thus, it is important to identify the determinants of profit-loss sharing financing of Islamic banks. This study examines the effect of capital adequacy ratios, non-performing financing, third party funds, and profit-sharing rate on mudharabah deposits of Islamic banks in Indonesia. Eleven Islamic banks in Indonesia from 2015 to 2019 periode were selected as sample of the study using purposive sampling. Data analysis using Partial Least Square with SmartPLS software version 3.3.7. The study results indicate that third-party funds have a significant positive effect on profit-loss sharing financing. The increasing number of third-party funds that Islamic banks have collected from customers impacts increasing distribution in the form of profit-loss sharing financing. The study results also indicate that the capital adequacy ratio, non-performing financing, and profit-sharing rate on mudharabah deposits do not affect profit-loss sharing financing. The implications for Islamic banks are to maintain the amount of third-party funds collection and compliance with sharia principles.


capital adequacy ratio; non-performing financing; third-parties; deposit profit-sharing rate; profit-loss sharing financing

Full Text:



Abbas, A., & Arizah, A. (2019). Marketability, Profitability, and Profit-loss Sharing: Evidence from Sharia Banking in Indonesia. Asian Journal of Accounting Research, 4(2), 315–326.

Al-Arif, M. N. R. (2011). The Effects of Macroeconomic Variables on Profit-Sharing Yield Pricing. Economic Journal of Emerging Markets, 3(3), 235–244.

Al-Sabbah, S. (2015). The Applications of Qualitative and Quantitative Research among Academic Staff in Psychology and Education: A Review of Practice. International Journal of Education and Research, 3(3), 715–726.

Ames, H., Glenton, C., & Lewin, S. (2019). Purposive Sampling in A Qualitative Evidence Synthesis: A Worked Example from A Synthesis on Parental Perceptions of Vaccination Communication. BMC Medical Research Methodology, 19(1), 26.

Aprizal, Y. Z. (2021). Effect of Interest Rate, Inflation, Profit-Sharing, and Branch Network on Mudharabah Deposits of Islamic Commercial Banks In Indonesia. Journal of Islamic Business and Economic Review, 4(1), 28–36.

Ashikuzzaman, N. M. (2022). Does Growth of Non-performing Loan Ratio Have A Temporal Impact on Private Credit Growth in Bangladesh Economy? Asian Journal of Economics and Banking, 6(3), 404–412.

Aulia, F. U., & Saputri, D. E. (2021). The Effect of ROA, BOPO, and Interest Rate on Profit Sharing Rate of Mudharabah Deposit at BPRS in Indonesia during 2015-2019. JIFA: Journal of Islamic Finance and Accounting, 4(1), 57–70.

Baldwin, K., & Alhalboni, M. (2020). The Impact of Profit-sharing Investment Accounts on Shareholders' Wealth. Journal of International Financial Markets, Institutions and Money, 69, 101253.

Peraturan Bank Indonesia. (2022). Nomor 24/3/PBI/2022 Tentang Perubahan Atas Peraturan Bank Indonesia Nomor 23/13/PBI/2021 Tentang Rasio Pembiayaan Inklusif Makroprudensial Bagi Bank Umum Konvensional, Bank Umum Syariah, dan Unit Usaha Syariah.

Ben Abdallah, M., & Bahloul, S. (2021). Disclosure, Shariah Governance and Financial Performance in Islamic Banks. Asian Journal of Economics and Banking, 5(3), 234–254.

BenAmar,A., & ElAlaoui,A. O. (2023). Profit- and Loss-sharing Partnership: The Case of the Two-tier Mudharaba in Islamic Banking. International Journal of Islamic and Middle Eastern Finance and Management, 16(1), 81–102.


Damanhur., Albra, W., Syamni, G., & Habibie, M. (2018). What is the Determinant of Nonperforming Financing in Branch Sharia Regional Bank in Indonesia. Emerald Reach Proceedings Series, 1, 265–271.

Fama, E. F., & Jensen, M. C. (1983). Agency Problems and Residual Claims. The Journal of Law & Economics, 26(2), 327–349.

Farook, S., Hassan, M. K., & Clinch, G. (2012). Profit Distribution Management by Islamic Banks: An Empirical Investigation. The Quarterly Review of Economics and Finance,52(3), 333–347.

Fatwa DSN MUI. (2000). Fatwa DSN MUI No. 14/DSN-MUI/IX/2000 Tentang Sistem Distribusi Hasil Usaha dalam Lembaga Keuangan Syariah.

Fatwa DSN MUI. (2000). Fatwa DSN MUI No. 15/DSN-MUI/IX/2000 Tentang Prinsip Distrribusi Hasil Usaha dalam Lembaga Keuangan Syari'ah.

Fatwa DSN MUI. (2000). Fatwa DSN MUI No. 01/DSN-MUI/IV/2000 Tentang Giro.

Fatwa DSN MUI. (2000). Fatwa DSN MUI No. 02/DSN-MUI/IV/2000 Tentang Tabungan.

Fatwa DSN MUI. (2000). Fatwa DSN MUI No. 03/DSN-MUI/IV/2000 Tentang Deposito.

Fitrianingsih, C., & Rani, L. N. (2020). Determinan Tingkat Bagi Hasil Deposito Mudharabah Pada Bank Umum Syariah Di Indonesia. Jurnal Ekonomi Syariah Teori Dan Terapan, 7(9), 1714.

Francis, W. B., & Osborne, M. (2012). Capital Requirements and Bank Behavior in the UK: Are There Lessons for International Capital Standards? Journal of Banking & Finance, 36(3), 803–816.

Gander, J. P. (2013). Integrating Bank Profit and Risk-avoidance Decisions for Selected European Countries: A Micro–macro Analysis. Economic Modelling, 31, 717–722.

Giammanco, M. D., Gitto, L., & Ofria, F. (2022). Government Failures and Non-performing Loans in Asian Countries. Journal of Economic Studies.

Hafizh, M., Hidayah, N., & Silalahi, P. R. (2020). Macroeconomics and Profit Sharing Financing in Islamic Banking in Indonesia: The Third Parties Fund as Intervening. Jurnal Akuntansi Dan Keuangan Islam, 8(2), 131–147.

Hamzah, A. A., Ruzaiman, F. S., & Gazali, H. M. (2014). Islamic Investment Deposit Account through Mudarabah & Commodity Murabahah Contract: An Overview. Persidangan Kebangsaan Ekonomi Malaysia Ke-9, 28–33.

Hanifah, L., & Anwar, S. (2020). Pengaruh Tingkat Suku Bunga, Tingkat Bagi Hasil, Financing to Deposit Ratio, dan Pembiayaan Mudharabah di Bank Umum Syariah. Indonesian Journal of Economics Application, 2(1), 10–15.

Harfiah, L. M., Purwati, A. S., & Ulfah, P. (2016). The Impact of ROA, BOPO, and FDR to Indonesian Islamic Bank's Mudharabah Deposit Profit Sharing. Etikonomi, 15(1), 19–30.

Hati, S. R. H., Wibowo, S. S., & Safira, A. (2020). The Antecedents of Muslim Customers' Intention to Invest in An Islamic Bank's Term Deposits: Evidence from a Muslim Majority Country. Journal of Islamic Marketing, 12(7), 1363–1384.

Hilman, I. (2016). The FactorAffecting Mudharabah Deposits of Sharia Banking in Indonesia. International Journal of Bussiness and Management Invention, 5(9), 56–66.

Ibrahim, Z., Effendi, N., B., B., & Kurniawan, R. (2022). Determinants of Profit and Loss Sharing Financing in Indonesia. Journal of Islamic Marketing, 13(9), 1918–1939.

Iriani, L. D., &Yuliadi, I. (2015). The Effect of Macroeconomic Variables on Non Performance Financing of Islamic Banks in Indonesia. Economic Journal of Emerging Markets, 7(2), 120–134.

Irwansyah, R., & Hidayat, S. (2021). The Effect of Capital Adequacy Ratio, Non Performing Financing, and Financing to Deposit Ratio on Returns for Deposit Results of Sharia Commercial Banks. Budapest International Research and Critics Institute-Journal (BIRCI-Journal), 4(3), 4618–4634.

Iskandar, D., & Adirestuty, F. (2018). Effect of BI Rate and Profit Sharing Rate on Financing Income Mudharabah at PT. Bank Muamalat Indonesia 2011-2015 Period. Review of Islamic Economics and Finance (RIEF), 1(2), 66–79.

Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305–360.

Kalkarina, S., Rahayu, S., & Nurbaiti, A. (2016). Faktor-Faktor yang Mempengaruhi Pembiayaan Berbasis Bagi Hasil pada Bank Umum Syariah di Indonesia (Studi Kasus pada Bank Umum Syariah Yang Terdaftar di BEI). E-Proceeding of Management, 3(3), 3389.

Kuzucu, N., & Kuzucu, S. (2019). What Drives Non-Performing Loans? Evidence from Emerging and Advanced Economies during Pre- and Post-Global Financial Crisis. Emerging Markets Finance and Trade, 55(8), 1694–1708.

Liliani, & Khairunnisa. (2015). Pengaruh Dana Pihak Ketiga (DPK), Non Performing Financing (NPF), Return On Asset (ROA), dan Capital Adequacy Ratio (CAR) terhadap Pembiayaan Bagi Hasil pada Bank Umum Syariah di Indonesia Periode 2010-2013. Journal of Applied Polymer Science, 2(3), 2748–2755.

Majeed, M. T., & Zainab, A. (2021). A Comparative Analysis of Financial Performance of Islamic Banks vis-à-vis Conventional Banks: Evidence from Pakistan. ISRA International Journal of Islamic Finance, 13(3), 331–346.

Menne, F., Idris, M., & Akbar. (2018). Do Revenue and Profit Sharing Affect Mudharabah DepositAt BMT AlAzhar Maros Indonesia?. Jurnal Riset, 4(XXV), 002.

Mohanty, S., & Mahakud, J. (2019). Dynamic Adjustment towards Target Capital Adequacy Ratio: Evidence from Indian Commercial Banks. Global Business Review, 20(3), 757–768.

Nugraheni, P., & Alimin, I. N. (2022). Factors Influencing PLS Financing: The Perspective of Indonesian Islamic Banks Employees. PSU Research Review, 6(2), 77–89.

Nurdiansyah, D. H., Ruchjana, E. T., & Fahrunnisa, S. (2020). The Influence of Third Party Funds and Profit Sharing Rate on Profit Sharing. Jurnal Riset Akuntansi, 10(1), 1–10.

Permataningayu, G., & Mahdaria, S. (2019). The Effect of Non-performing Financing and Financing to Deposit Ratio on Islamic Banks Financing in Indonesia. Asian Journal of Islamic Management (AJIM), 1(1), 28–37. Vol1.iss1.art3.

Petter, S., & Hadavi, Y. (2021). With Great Power Comes Great Responsibility: The Use of Partial Least Squares in Information Systems Research. Sigmis Database, 52(SI), 10–23.

OJK. (2014). Peraturan OJK Nomer 21/POJK.03/2014 Tentang Kewajiban Penyediaan Modal Minimum Bank Umum Syariah.

Primadhita, Y., Primatami, A., & Budiningsih, S. (2021). The Determinant of Profit Sharing Financing in Islamic Banking. Ekomabis: Jurnal Ekonomi Manajemen Bisnis, 2(01),1–10.

Pujiastutik, H. 'I., & Sumanto, A. (2021). The Effect of ROA, FDR, and NPF on the ProfitSharing Rate for Mudharabah Deposit in BPRS, Indonesia. Quantitative Economics Journal, 9(1), 37.

Puteh, A., Rasyidin, M., & Mawaddah, N. (2018). Islamic Banks in Indonesia: Analysis of Efficiency. Emerald Reach Proceedings Series, 1, 331–336.

Putri, N., & Mardian, S. (2020). The Islamic Social Reporting Index and Investment Account Holder in Islamic Banks. Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah, 11(1), 43–54.

Ramdhani, D. (2017). Profit Sharing dan Invetasi Deposito Mudharabah Dalam Perspektif Financing To Deposit Ratio. Syi'Ar Iqtishadi, 1(1), 22–41.

Relasari, I. M., & Soediro, A. (2017). Empirical Research on Rate of Return, Interest Rate and Mudharabah Deposit. SHS Web of Conferences, 05(01).

Renfiana, L. (2022). What Most Influences on Mudharabah Deposit in Indonesian Islamic Commercial Banks? Finansia: Jurnal Akuntansi Dan Perbankan Syariah, 5(2), 119-130.

Riyadi, S., Iqbal, M., Pangastuti, A. A., & Muditomo, A. (2021). Optimization of ProfitSharing Financing at Islamic Banking in Indonesia. Jurnal Keuangan Dan Perbankan, 25(2), 260–279.

Romi, R., & Nur, M. M. (2019). Pengaruh Tingkat Bagi Hasil Deposito Bank Syariah dan Suku Bunga Deposito Bank Indonesia Terhadap Jumlah Simpanan Deposito Mudharabah (Studi Kasus Pada PT Bank Syariah Mandiri Periode 2006-2016 ). Jurnal Ekonomika Indonesia, 8(2), 82-89.

Rukmana, R. E. (2016). The Influence of Third Party Fund on Profit Sharing Finance and Their Impacts on Profitability. Prosiding Keuangan & Perbankan Syariah, 471–476.

Ruslizar, & Rahmawaty. (2016). Pengaruh Tingkat Bagi Hasil Deposito Mudharabah, Financing to Deposit Ratio, dan Suku Bunga Deposito terhadap Pertumbuhan Deposito Mudharabah pada Bank Umum Syariah di Indonesia. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi (JIMEKA), 1(2), 84-90.

Sakhowi, A. C. (2016). Determinants of Sharia Based Financing and it's Contribution for SMEs Development. Jurnal Ekonomi Dan Bisnis Islam, 2(1), 58–70.

Salman, K. R. (2020). Akuntansi Syariah Pendekatan Akad dan Wa'd (S. Nurachma (ed.); Edisi 1). RajaGrafindo Persada.

Salman, K. R. (2021a). Konsep Dan Praktik Akuntansi Perbankan Syariah: Dilengkapi Kasus Dan Penyelesaian (1st ed.). Mitra Wacana Media.

Salman, K. R. (2021b). the Effect of Non-Performing Financing and Third Party Funds on the Profitability Through Ps/Rs and Pls Financing. International Journal of Islamic Banking and Finance Research, 6(1), 19–31.

Sechafia, N., & Abduh, M. (2014). The Susceptibility of Islamic Banks' Credit Risk towards Macroeconomic Variables. Journal of Islamic Finance, 3(1), 23–37.

Sharia Banking Statistics. (2021).


Sudarsono, H., & Saputri, M. A. (2018). The Effect of Financial Performance toward Profit Sharing Rate on Mudharabah Deposit of Sharia Banking in Indonesia. Muqtasid: Jurnal Ekonomi dan Perbankan Syariah, 9(1), 82-92.

Sukmawati, N. M. E., & Purbawangsa, I. B. A. (2016). Pengaruh Pertumbuhan Dana Pihak Ketiga, Pertumbuhan Kredit, Risiko Kredit, Likuiditas, dan Kondisi Ekonomi terhadap Profitabilitas. E-Jurnal Manajemen Unud, 5(9), 5398-5432.

Suryadi, N., Linda, R., Nurani, R., & Mayliza, R. (2022). The Effect of Financing To Deposit Ratio (FDR), Profit Sharing Ratio (PSR) on Mudharabah Deposits At Islamic Commercial Banks in Indonesia During Covid-19. 2nd International Conference on Business & Social Sciences (ICOBUSS), 836–845.

Wang, J., Chen, H., Zhang, H., Luo, J., Cheng, M., & Zhang, J. (2022). Property Rights Reform and Capital Adequacy Ratios of Rural Credit Cooperatives in China. Economic Modelling, 106, 105707.

Widiastuty, T. (2017). Faktor-Faktor Yang Mempengaruhi Volume Pembiayaan Berbasis Bagi Hasil Pada Perbankan Syariah Di Indonesia. Jurnal Manajemen, 21(1), 90-103.

Winarsih, W., & Asokawati, W. (2019). Determinan of Implementation Profit Sharing Financing in Islamic Banking. International Journal of Islamic Business Ethics, 4(1), 582-592.

Wirman, W. (2018). Faktor-faktor yang Mempengaruhi Volume Pembiayaan Berbasis Bagi Hasil dan Rasio BOPO pada Perbankan Syariah. Jurnal Bisnis Dan Akuntansi, 19(1), 1–12.

Yuri, I. A., Rahman, A., Fontanela, A., & Syamsurizal. (2021). The Effect of Good Corporate Governance (GCG), Temporary Syirkah Funds, and Profitability on the Performance of the Maqasid of Sharia Commercial Banks in Indonesia. Review of Islamic Economics and Finance (RIEF), 4(1), 18–32.



  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.


Creative Commons License

MUQTASID by is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

MUQTASID Jurnal Ekonomi dan Perbankan Syariah UIN SALATIGA p-ISSN: 2087-7013, e-ISSN: 2527-8304