Analysis of the Implementation of the Profit-Sharing System in Mudharabah Financing at KSPPS Bakti Huria Syariah Makassar

Abstract

This study aims to analyze the implementation of the profit-sharing system in mudharabah financing at KSPPS Bakti Huria Syariah Makassar. The research employs a descriptive qualitative approach with data collected through interviews, observations, and documentation. The findings indicate that the determination of the profit-sharing ratio (nisbah) is established through mutual agreement between the cooperative, acting as the shahibul maal, and the customer, acting as the mudharib, at the time of contract execution. The constraints encountered include incomplete submission of required application documents and delays by customers in repaying financing that has reached maturity. In addition, the study recommends adopting the revenue-sharing method, as this mechanism is considered to provide more balanced benefits for both the cooperative and the customers. Overall, the implementation of the profit-sharing system has been functioning appropriately, although improvements are still needed in administrative procedures and repayment discipline. In conclusion, the application of the mudharabah profit-sharing system at KSPPS Bakti Huria Syariah Makassar is fundamentally in accordance with sharia principles, although enhanced supervision is required to optimize its effectiveness.