ZISWAF, Qardhul Hasan, PLS Financing, and BPRS Profitability
DOI:
https://doi.org/10.47709/governors.v5i2.9587Keywords:
Islamic Rural Banks, Profitability, Profit and Loss Sharing, Qardhul Hasan, Return on Assets, ZISWAFAbstract
This study examines the effect of the distribution volume of ZISWAF and Qardhul Hasan funds and profit and loss sharing financing on the profitability of Islamic Rural Banks in Java during 2022-2025. The study uses a quantitative approach with secondary data from Islamic Rural Bank financial reports. The sample consists of 52 Islamic Rural Banks observed for four years, producing 208 initial observations. After 24 observations identified as outliers based on the Indicator Saturation procedure in EViews 12 were removed, 184 observations were analyzed using panel data regression. Profitability is measured by Return on Assets. The results show that the distribution volume of ZISWAF and Qardhul Hasan funds has a positive and significant effect on profitability, while profit and loss sharing financing has a negative and significant effect. Both independent variables also have a significant simultaneous effect on profitability. The findings indicate that social finance activities may support profitability through stronger public trust and institutional relationships, whereas profit and loss sharing financing requires stronger risk management, monitoring, and customer selection.
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