Pengaruh Pembiayaan Mudharabah dan Musyarakah terhadap Liquiditas dengan Profitabilitas sebagai Variabel Moderasi : Studi Kasus pada Bank Umum Syariah di Indonesia Tahun 2020-2024

Dela Ayu Sartika; Ana Wijandari; Samsul Arifin

doi:10.37481/jmoi.v4i1.187

Authors

Dela Ayu Sartika STEBIS Bina Mandiri Cileungsi
Ana Wijandari STEBIS Bina Mandiri Cileungsi
Samsul Arifin STEBIS Bina Mandiri Cileungsi

DOI:

https://doi.org/10.37481/jmoi.v4i1.187

Keywords:

Mudharabah, Musyarakah, Liquidity, Profitability, Islamic Bank

Abstract

The increasing need for effective liquidity management in Islamic banks underscores the urgency of understanding how different financing instruments influence liquidity. This study investigates the impact of mudharabah and musyarakah financing on the liquidity of Islamic commercial banks in Indonesia, while also examining the moderating role of profitability in these relationships. A quantitative research approach was employed, utilizing multiple linear regression and Moderated Regression Analysis (MRA). The study uses secondary data from five Islamic commercial banks that operated continuously and published complete financial reports from 2020 to 2024. The sample was selected using a purposive sampling technique. Data analysis included classical assumption tests, hypothesis testing, and moderation analysis. The results show that both mudharabah and musyarakah financing significantly affect bank liquidity. Profitability was found to negatively moderate the relationship between mudharabah financing and liquidity, indicating that higher profitability reduces the positive effect of mudharabah on liquidity. Conversely, profitability positively moderates the relationship between musyarakah financing and liquidity, meaning that increased profitability amplifies the liquidity-enhancing impact of musyarakah. This study contributes to the Islamic finance literature by providing empirical evidence on the relationship between profit-sharing contracts and bank liquidity. It also offers practical insights for Islamic bank managers in designing financing strategies that effectively balance risk, return, and liquidity needs.

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