EFFECTIVENESS OF CAPITAL STRUCTURE OF ISLAMIC COOPERATION PERFORMANCE AND HEALTH SHARIA MICROFINANCE INSTITUTION (LKMS)
Marisa Ayu Andarini
Sains Ekonomi Islam, Universitas Airlangga
Abstract
Effect of Capital Structure of Sharia Cooperative on Performance and Health of Sharia Microfinance Institution (LKMS) with the Ministry of Cooperatives standard indicator. This study aims to Determine and analyze the comparison of capital structure on the performance and health of an LKMS in Indonesia. The population in this study were four BMT or KSPPS in East Java with location distribution in Madura (BMT NU), Surabaya (BMT Muda), Bojonegoro (KSPPS As Salam) and Gresik (KSPPS MUI). The result of research shows that BMT NU has the highest level in Achieving optimal performance and health, so it can know the capital structure of BMT NU to Achieve the optimal performance and health. In the capital structure division of BMT NU there is a core capital with a share of 35% of total liabilities. Quasi Equity funds is Obtained from collecting third party funds based on the principle of mudaraba by 7% of Total Liabilities. Third party funds deposited in BMT NU are either voluntary or savings deposits amounting to 30% of Total Assets. BMT NU here Also has a large portion of debt to meet the Capital in running its business that is equal to 28% of Total Liabilities.
Keywords: Capital Structure, Sharia Cooperative Performance, Optimal performance and health.
Topic: Islamic Micro finance