Accunting Research proposal

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CHAPTER I
INTRODUCTION
A. BACKGROUND
According to Law RI No.10 of 1998 dated10 November 1998 on banking, it
can be concluded that the banking business covers three activities, namely collecting
funds, distributing funds and providing other banking services. Activities to collect
and distribute funds are the main activities of banks while providing other banking
services only support activities. Activities gather funds, in the form of raising funds
from the public in the form of checking, savings, deposits and deposits. Usuallyheis
givenan attractiveremunerationsuch as, interest andgiftsas astimulusfor the
community. The activity of disbursing funds, in form of loan provision to the public
.As for other banking services provided to support the smooth running of the main
activities.
The distribution of funds in the form of long-term loans and short very
helpful businessmen especially medium entrepreneurs go downstairs or small and
medium enterprises in the provision of venture capital. Current capital loan from bank
credits were very easily obtained by the process is simple. Including the products an
assortment of various sorts bank whether private or national .As credit service of
conventional banks had much cache by the very start businessman who pioneered in
the effort.

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Credit provision that more easily this, actually gives great rewards for moves
Indonesian economy.But devoid of risk that is very high for small businessmen,
because in general all of the products conventional banks devised a system of interest
.The interest of this loan will continue to accumulate even though no effort and runs
smoothly. While the principal to be returned to the bank.
The principle of interest embraced by conventional banks this raises a
problem that is arising at that nonperformance loan bank. It is caused by small
entrepreneurs who had very easy to speculate because credit provision so easy and so
much an offer from many of the banks. When incurred losses to the company, the
company will still have to bear interest from the bank.
The act of no. 10 1998 explained that bank differentiated into two types, they
were bank conventional and islamic banks. Characteristic of the most distinguishes
between conventional banks and bank syriah is a system interest that which is
embraced leh conventional banks have nothing on islamic banks, it is one form of
solution for the problem we are talking about over. Same thing with conventional
banks, islamic banks also have a product financing for small and medium enterprises
with different systems. Using the principle, although for the results of islamic bank
financing also have the risk of a pretty heavy as conventional banks.
Before deciding financing from or using conventional bank sari’ah banks
businessmen should see a risk that may be inflicted by the financing that never
happens again non-performing. In this research, we will do the analysis afterwards
against a risk for small and medium businessmen products islamic financing and over
the use of conventional banks, then will be conducted comparison between the two.

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B. PROBLEM STATEMENT
1. To what extent risk posed by conventional bank products financing of
small and medium enterprises?
2. To what extentrisk posed by islamic bank products financing of small
and medium enterprises?
3. How comparisons between risk posed by the product of financing of
conventional banks and islamic banks?
C. OBJECTIVE OF RESEARCH
1. Knowing risks caused by conventional products financing to small and
medium enterprises
2. Knowing risks caused by islamic products financing to small and
medium enterprises
3. Knowing comparison risk posed by the product of financing of
conventional banks and islamic bank
D. SIGNIFICANCE OF RESEARC
1. Provide information to the reader about the products of conventional
bank financing
2. Provide information to the reader about the products of islamic bank
financing
3. Giving information to readers about risk inflicted products of
conventional bank financing for small and medium enterprises

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4. Giving information to readers about risk inflicted products of islamic
bank financing for small and medium entrepreneur
5. Giving information to readers about the comparison risk inflicted
between financing of conventional banks and islamic bank for small and
medium entrepreneur

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6. CHAPTER II
LITERATUR REVIEW
A. DEFINITIONOF BANK
Bank derived from Italian “banque” or italian“banca” which means “bench”.
The bankers “Florence” in the “renaissans” transact them with sitting behind the
counter money exchange. Meanwhile, according to the act of banking banks are
business entities that are collecting fund from public in the form of saving and spend
that to the people in the form of credit and or other forms in order to improve the
living standards of the people at large.
According to the act of republic of Indonesia no 10 / 1998 date 10 November
1998 about banking bank has three major function of which is collecting fund,
disbursing funds, and grant the services of other bank four activities to collect and
disbursing funds event is a staple bank while grant the services of other banks only
supporting activities. Activity of collecting fund such as collecting fund from public
in saving and deposits. Usually while given for services interesting such as, interest
and reward as a stimulus for the society. Disbursing funds activities in distributing
credits to the public.
It is concluded that banks is a financial institution that was made with the
principal activity is collecting fund from the excessive capital in money with other

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institutions lacking money. Collecting fund done in the form of saving and distribute
funds in the form of loans in various forms the product of financing.
The act of no. 10 1998 explained that bank differentiated into two types, they
were conventional banks and Islamic banks. According to statute no.21 / 2008 on
Islamic banking, explained that Islamic bank is a bank having its business activities
based on Sari’ah principle. Sari’ah commercial bank is a bank that its activities grant
the services of in traffic payment. The public credit bank Sari’ah business activities
not grant the services of traffic payment.Basic function of Sari’ah banks in general
equal to conventional bank, so that a general principle regulation and supervision
bank also true on Sari’ah banks. Nevertheless, there are some differences rather basic
in operational bank Sari’ah demand distinction regulation and supervision for Sari’ah
banks.
B. THE DIFFERENCE CONCEPT BETWEEN FINANCING IN
CONVENTIONAL BANK AND IN ISLAMIC BANK
Islam as a religion is the concept that regulate human life comprehensively
and universal good in its relations with the creator (habluminallah) or in relation to a
fellow human being (hablumminannas). Based on BRI sari’ah education website,
Islamic bank is a bank that the system reference to Islamic law. The sari’ah principle
is based on islamic law governing the agreement between bank and other parties for
storage funds and / or financing business activities or other activities in accordance
with sari’ah.

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From the definition above, we can see the deference between concept of
Islamic banking and conventional banking. Cursory when viewed is
technically,saving in bank sari’ah with prevailing on conventional bank almost no
difference. It is because either at a bank sari’ah bank must follow conventional and
technical banking rules in general. However, when observed deeper, there is several a
fundamental differences between them.
First difference in contract, on Sari’ah banks, all the business must according
to rule being justified by Sari’ah. Thus, all the business that must follow norm and
rules, which prevail at, contract muamalahsari’ah. On conventional banks,
transactions, the opening of an account both accounts, savings and deposit, airman,
based on an agreement but the principle of airman this not conforming with rules
sari’ah for example, wadi’ah, because in the product of accounts, savings and deposit,
promising return with a fixed interest rate against money paid-up.
Second, there are differences in return for granted.Conventional banks, using
the concept of the cost (cost concept) for calculating advantage.It means that interest
promised in advance to customer’s depositors is charge or cost to pay by a bank.
Hence, banks must “sell” to customers other (the borrower) with interest costs
higher.The difference between both called a spread that which portends whether the
company profit or loss. If spread positive, in which a burden interest charged to a
borrower higher than that given to depositors, interest so it can be said that bank
made a profit.The opposite is also true. While bank sari’ah using approach profit
sharing it means that the fund was distribute to accept bank financing.The profit

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gained from the funding divided by two, to a bank and for customers based on an
agreement division of profits in advance.
The third difference is a target credit / financing.The depositors at the bank
conventional not conscious of money save lent for various business, irrespective of
halal-haram of the businesses. While in sari’ah banks, distribution and mistress of
society bounded by the basic principle, namely the sari’ah principle that means that
granting a loan should not be downto business which is unclean as, gambling, a
beverage, pornography, and other businesses which is not in accordance with the
sari’ah
In the conclusion, there are 3 (three) main different between sari’ah concept
and conventional concept, the first is about the agreement, the second about the return
for costumers and the last about utilization of costumer’s fund
C. DEFINITION OF FINANCING
In etymology financing derived from a charge, namely financing needs effort.
According to invite, banking no.10 year 1998 financing is provision of money or bill
that may be like to that, based on approval or agreement between bank with other
parties that requires parties defrayed to recover the money or bill that after a specific
time in return for or for the result.
According to Antonio (2001: 160) quoted by Rezain their paper about
Financing (2010) financing facility fund provision is to parties who are short of

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money. In the same paper, Explained that according to Kasmir, financing is
provision of funds by the bank to the other party by an agreement between two parties
where a bank obliging other parties to restore loan in a specified period by or in
return for the results of
In the conclusion that the financing is a the activity of the bank in meet the
needs of the needed funds by the party that lack of funds by agreement between the
two sides, certain whereby a party who borrows obliged to return the money of
money borrowed accompanied by return to the bank.
Definition above is general definition, because there are two kinds of bank,
and every kind has definition each against financing them. Conventional financing is
channeling funds to the General activities carried out by the Conventional Bank, in
Conventional Banking, financing, better known by the term credit or loans. In an
attempt to generate big profit the banks trying to be channeling credits to poor people
funds (deficit spending unit).In the bank, credit distribution will put this interest to
public using credits from banks. It was express by Martono (2007)in Reza’s paper
about Financing (2010) “Interest credit is an amount or compensation for services
over the use of money by customers”
Meanwhile, in the sari’ah financing an event distribution of funds held by
bank syariah a principled to the concept of syariah banking or islamic banking is
governed by a ban the religion of islam to lend and with advantage in the form of a

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interest. Besides that in syariah banking term credit or loan cannot be used to explain
activities done by syariah banks.
Financing in sari’ah banking is a form of the distribution of funds to the real
sector.The major difference with credit situated on the concept of inters. Economics
islam categorizes interest as usury and legal unclean. Financing employed the concept
of profit and losses sharing or for the result. Both sides have approved the magnitude
of a dependent part on the agreement.
D. FINANCING PRODUCT OF CONVENTIONAL BANK
Based on Wikipedia Indonesia (2011) Type of financing provided by a bank
conventional as follows:
a. Credit investment, is of credit given to customers for purposes related to
investment.
b. Credit working capital is of credit given to customers for the purposes of
venture capital.
c. Trade credit, is of credit given to customers to enlarge / facilitate the
activities of commerce.
d. Productive credit is credit investment, which can be in the form of capital
trade.
e. Credit consumptive, is of credit given to customers for the purposes of
consumption.
f. Credit profession, is of credit given to the professional

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g. Syndicated credit, is of credit given to a debtor corporate together with
some other banks
h. credit programs, is credit granted bank in order satisfy a government
program
In general, system of the financing by the bank conventional implemented the
system of return to the bank by using instrument interest that is worn to every
costumer.The interest rate is stipulated for every type of product varying dependent
from a period of returns and the amount of financing it is providing.
E. FINANCING PRODUCT OF ISLAMIC BANK
a. MusyarakahFinancing(Partnership, Project Financing Participation)
Based on fatwah by the board of the MajelisUlama Indonesia in order in
Fatwah Letter no: 08 / dsn-mui / iv / 2000 on financing musyarakah give you
some provisions concerning musyarakah:
1. Statement ijab and qabul should be manifested by the parties to show
their will in hold contract (calneh), by taking account of the following:
a. supply and the reception must explicitly indicating purpose
contract.
b. acceptance of the offer took place recently contract.
c. Calneh poured in writing, through correspondences, or by use how-
how the modern communications.

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2. Parties contract law, should be capable and attention to the things
below:
a. competent in giving or exerts power of representatives.
b. Any partners must provide funds and work, and every counterpart
carry out of work as a deputy.
c. Each partner has the right to regulate assets musyarakah in the
process of business normal.
d. Any counterpart confers the authority to other being partners to
manage assets and each deemed to have been given authority to
doing activities musyarakah his partner, with due observance to
the interests of without doing heedlessness and willful
wrongdoing.
e. A partner not allowed to melt or invest funds for its own benefit.
3. Profit
a. Advantage should dikuantifikasi clearly to spare distinction and
dispute in the allocation advantage or termination musyarakah.
b. Any advantage partner shall be divided proportionately on the
basis of all benefit and no prescribed amounts in early were for a
partner.
c. A partner may propose that if profits to exceed the amount
specified, excess or prosentase that given him.
d. system benefit-sharing must be set out clearly in calneh.
4. Loss

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Loss must be divided among the partners proportionally according to
their respective capital shares in
b. Mudharabah Financing
Mudharabah is agreement cooperation between bank as the owner of funds
(hahibulmaal) with customers as (mudharib) that have skill or skills to manage any
undertaking that is productive and halal. The results of advantage of the use of these
funds being shared based on the ratio they had agreed on.
Canley mudharabah used by a bank to facilitate the fulfillment of capital for
customers’ needs to run businesses, or projects by conducting capital participation for
business or project concerned.
Harmonious
a. People whomdoing agreement:
1. Owners of capital (ShahibulMaal)
2. Implementing / businessman (Mudharib)
b. Capital (Maal)
c. Project / Business
d. Profit
e. Consent Qobul
General Terms
a. People who are bound in contract law competent

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b. Capital requirement used to be:
1. Form of money (not goods)
2. Obviously the numbers
3.cash (not in the form of debt)
4. Directly submitted to mudharib
c. Profit sharing thirsty clear, and according to the agreed ratio
Special Conditions
a. Application for Funding
b. Data identity / personal
c. Corporate identity data
d. Project proposals are implemented
e. Warranty / guarantee
Capital / Assets
a. Capital is only provided for businesses that are clear and agreed
b. Capital must be unag cash, clearly the type of currency, and obviously the
numbers
c. Capital submitted to mudharib entirely (100%) per diem
d. If capital is gradually handed over it should be clear stages and should be
agreed upon
e. The costs incurred for the feasibility study (feasibility study) or the like are
not included in part of the capital.Payment of those fees are set by agreement
between the two sides.

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Work and Costs
a. Bank reserves the right to supervise but reserves the right to meddle tudak
work / business Mudharib.
b. Bank as fund providers should not restrict the business / action mudharib in
the operations, except to the extent the agreement (the business that has been
establish) or that deviate from the rules of sharia.
Profit Sharing
a. The advantage gained is the result of manage funds of financing given
b. Magnitude is expressed in the form of profit sharing ratio agreed
c. Mudharib have to pay a share of the profits that belong to the bank on a
regular basis in accordance with the agreed period
d. Banks will not accept the division of profits, failures or defaults that occurred
not because of negligence mudharib
e. In the event of business failure that resulted in losses caused by the negligence
mudharib, if any, shall be borne by mudharib (into bank accounts)
F. SUMMARY
1. Banks is a financial institution that was make with the principal
activity is collecting fund from the excessive capital in money with
other institutions lacking money. Collecting fund done in the form of
saving and distribute funds in the form of loans in various forms the
product of financing.

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2. The act of no. 10 1998 explained that bank differentiated into two
types, they were conventional banks and Islamic banks. According to
statute no.21 / 2008 on Islamic banking, explained that Islamic bank is
a bank having its business activities based on Sari’ah principle.
3. There are 3 (three) main different between sari’ah concept and
conventional concept, the first is about the agreement, the second
about the return for costumers and the last about utilization of
costumer’s fund.
4. financing is a the activity of the bank in meet the needs of the needed
funds by the party that lack of funds by agreement between the two
sides, certain whereby a party who borrows obliged to return the
money of money borrowed accompanied by return to the bank.
5. Financing in sari’ah banking is a form of the distribution of funds to
the real sector.The major difference with credit situated on the concept
of inters. Economics islam categorizes interest as usury and legal
unclean. Financing employed the concept of profit and losses sharing
or for the result. Both sides have approved the magnitude of a
dependent part on the agreement.
6. In general, system of the financing by the bank conventional
implemented the system of return to the bank by using instrument
interest that is worn to every costumer. The interest rate is stipulated
for every type of product varying dependent from a period of returns
and the amount of financing it is providing.

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CHPTER III
RESEARCH METHOD
A. RESEARCH DESIGN
This research used quantitative method, quantitative method is method to
doing a research with systematic about section and phenomena and the relationship.
The purpose of quantitative research is developed and uses mathematical models,
theories and/or hypotheses pertaining to natural phenomena. The process of measure
is central part in quantitative research because it provides the fundamental connection
between empirical observation and mathematical expression of my relationship. The
quantitative method research is measurement and statistical objective data trough
scientific calculation derived from the sample of people or resident who are ask to
answer on a number.
This research will be comparing how big the risk that must be borne by
business financing for two types of products .This risk will be calculated by
comparing to be borne the burden of business because of using two types of financing
.This burden will give effect to company’s liquidity risk which results in some of the
company can emerge.
An Expense borne by the company with respect to this financing can be
calculate by comparing profit with dirty company interest expenses must be paid at
any period. Certainly, in this business using only one type of financing considering

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company that will be research is small and medium enterprises or enterprises. Profit
of company data used was the data company net profit recorded by company but in
this recording done by simple income statement.
In this research, data will be income company’s one year ago for the company
to see some risk that have emerged in the state of the company .Good at improving
the condition of corporate profits and at the time of declining or the possibility of at a
loss.
Interview
Relevant
Information
Data Collection
Income statement
1 year a go
Profit and Rent
Information
1 year a go
Risk Analysis for
every month
Extent risk posted by
conventional financing
Company use conventional financing
Interview
Relevant
Information
Income statement
1 year a go
Profit and Rent
Information
1 year a go
Risk Analysis for
every month
Extent risk posted by sari’ah
financing
Company use Sari’ah financing
Compare the risk
Result Of the Researche
Picture 3.1

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B. RESEARCH SUBJECT
This research will be implementing at the Makassar by taking sample as two
companies. The one company using conventional financing and one others use
conventional financing.
C. RESEARCH TIME
This research will held on December 1st
until December 31th
2014
D. RESEARCH INSTRUMENT
Instrument of research is a tool or facilities researchers who used in collecting
data. Research instrument used in this study is interview. To doing interview we need
a list of questions it contains some question that is relevant and in accordance with
the purpose of research and the data which does not need to and ware presented in
income statement.
E. DATA COLLECTING PROSEDURE
Data collection techniques used in a research there are two types namely
through engineering documentation and interview. Data collection techniques used in
this research there are two types namely through engineering documentation and
interview. Engineering documentation data done by asking corporate profits for one
know last (1 January until December 2014) as well as data interest expenses borne by
the company that .While engineering interviews were conducted with given the
questions to business owners some question that is consistent with the objectives

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research. While, interviews technic ware conducted with given the questions to
business owners some question that is consistent with the objectives research. This
interview is to get of relevant information relating to their efforts to ensure that data
that will get documentation researchers using a technique relevant and know other
factors that influence da not described in the data collected remember a financial
report made by small and medium enterprises is very simple.
Problem Statement
Draft Of Quastion Data needed
Interview Collated Data
The general information
of the company
Data of Profit and interest or
cost of financing every month
Analysis the Data and Information
Result Of Research
Picture 3.2

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F. TECHNIQUE OF DATA ANALIZING
Analysis begins the process of collecting all the data had been obtained. This
data was then classified into data obtained from conventional bank and bank sari’ ah.
The next step is sort the information company profits and number of loans must be
pay based on months of the transaction. After that, through both the information, we
see companies in capability to pay the cost of financing in use in both stamens
conventional bank and bank Sari’ah. From some results we can see how big
comparison between incomes obtained with the cost of the use of the funding is.
From the number of the cost to be borne by the company, it can be seeing how
big risk that must be face by companies. From these results can be compare between
the magnitude of risk faced by companies that use conventional financing and
funding of the sari’ah. From a comparison, we can take the results and it will answer
the problem statement.

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CHPTER IV
RESULT & DISCUSSION
A. DATA AND INFORMATION FROM CONVENTIONAL
COMPANY FINANCING
a. Result of Documentation method
The dataobtained in the formof datathe company's gross profit andthe cost
offinancing:
No Month Profit Interest Cost
1 January Rp 8.000.000 Rp 10.000.000
2 February Rp 7.500.000 Rp 10.000.000
3 March Rp 10.000.000 Rp 10.000.000
4 April Rp 13.000.000 Rp 10.000.000
5 Mei Rp 12.500.000 Rp 10.000.000
6 June Rp 20.000.000 Rp 10.000.000
7 July Rp 25.000.000 Rp 10.000.000
8 August Rp 19.000.000 Rp 10.000.000
9 September Rp 17.560.000 Rp 10.000.000
10 October Rp 18.000.000 Rp 10.000.000
11 November Rp 11.000.000 Rp 10.000.000
12 December Rp 14.000.000 Rp 10.000.000
(Table 4.1)
b. Interview Method
Company Name : CV. Angkasa Jaya
No.Sertificate of incorporation : PP0467-3827-4536
Date of building : 1 January 2014
Beginning Financing : Credit Financing from BRI
CabangTamalanrea.

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Kind of financing : Kredit Usaha Rakyat
Amount of Financing : Rp 50.000.000,-
Period of financing : 24 month
Interest rate : 3% /month
Additionfinancing : Loan from family and personal money
(for four beginning month)
B. ANALYSIS OF CONVENTIONAL FINANCING RISK
a. Analysis of Provability of Company
The analysis will compare between companyprofit andcharges that
company will pay the bank, because use conventional financing.Company
uses Rp 50.000.000 financing and a period is two years (24 months)base on
contract company must pay an interestthree percent from total financing.
The following is the interest that company must pay to the bank for
each month:
Interest Rate 3%
Total Loan 150.000.000
Period 24
Interest expense for two years 90.000.000
Interest expense each month 3.750.000
monthly installments 6.250.000
Total that company must pay to Bank 10.000.000
(Table 4.2)
A fee of Rp 3.750.000,- plus principal of a loan Rp 6.250.000,-is the
fees to be paid a company to the bank for 24 months.Interest costs is that it
represents a fix cost. The following is provability of company to paid the cost
of financing

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Following is a table of analysis of liquidity of company:
No Month Profit Interest cost
Analysis
Provability
1 January Rp 8.000.000 Rp 10.000.000 0,8
2 February Rp 7.500.000 Rp 10.000.000 0,8
3 March Rp 10.000.000 Rp 10.000.000 1,0
4 April Rp 13.000.000 Rp 10.000.000 1,3
5 Mei Rp 12.500.000 Rp 10.000.000 1,3
6 June Rp 20.000.000 Rp 10.000.000 2,0
7 July Rp 25.000.000 Rp 10.000.000 2,5
8 August Rp 19.000.000 Rp 10.000.000 1,9
9 September Rp 17.560.000 Rp 10.000.000 1,8
10 October Rp 18.000.000 Rp 10.000.000 1,8
11 November Rp 11.000.000 Rp 10.000.000 1,1
12 December Rp 14.000.000 Rp 10.000.000 1,4
(Table 4.3)
In above the equation can show the provability is very fluctuant,
moreover in early years the establishment of the company at such a moment
where corporate profits not capable of basic cover shall be paid to the bank
.At the time of companies experienced advantage under a fixed charge, hence
companies should cover the shortages of assets remain firm or sell investment
or even is done by adding capital from the owner .However because the fee
that stayed constant, and when companies experienced the increase in profit,
then provability increase significantly.
b. Analysis Liquidity of Company
From the data that get from documentation method, we can make the
analysis of liquidity of company.

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No Month Profit Interest Cost
Cash In Company
Beginning cash Ending Cash
1 January Rp 8.000.000 Rp 10.000.000 Rp 8.000.000 Rp (2.000.000)
2 February Rp 7.500.000 Rp 10.000.000 Rp (2.000.000) Rp (4.500.000)
3 March Rp 10.000.000 Rp 10.000.000 Rp (4.500.000) Rp (4.500.000)
4 April Rp 13.000.000 Rp 10.000.000 Rp (4.500.000) Rp (1.500.000)
5 Mei Rp 12.500.000 Rp 10.000.000 Rp (1.500.000) Rp 1.000.000
6 June Rp 20.000.000 Rp 10.000.000 Rp 1.000.000 Rp 11.000.000
7 July Rp 25.000.000 Rp 10.000.000 Rp 11.000.000 Rp 26.000.000
8 August Rp 19.000.000 Rp 10.000.000 Rp 26.000.000 Rp 35.000.000
9 September Rp 17.560.000 Rp 10.000.000 Rp 35.000.000 Rp 42.560.000
10 October Rp 18.000.000 Rp 10.000.000 Rp 42.560.000 Rp 50.560.000
11 November Rp 11.000.000 Rp 10.000.000 Rp 50.560.000 Rp 51.560.000
12 December Rp 14.000.000 Rp 10.000.000 Rp 51.560.000 Rp 55.560.000
(Table 4.4)
We can see in the accounts of the situation, liquidity in the early years
of the situation, liquidity in the event of the company it is not good to obtain
liquidity problems associated with the firm. Based on the information
collected from the public to cover the cost of fund to borrow the money to
friends and to sell the assets of a company. This has happened during the first
five months.
c. The Risk Expectation of conventional financing
1. The Provability is very fluctuation
Seen from provability analysis that has done by seen in the first month
the establishment of the company occurs stabling company profit. This
happened because company still in business conditions so that pioneered sales
turnover is very weak. In a situation like this company have to bear interest

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costs and loan principal very not in accordance with the profit-generated
company.
Because use interest system, and although the companies condition not
in a good state, the company still have to pay the fixed interest. This in turn
requires the owner to do additional funding by borrowing from family and use
their personal funds .In this case, the company still can survive due to funds
are still available from the owner.
Early in the establishment of the companies condition is very risky
where at the time, products or services offered was still search the market
share and must compete to gain customers. However, the company has must
face with a load large enough. This certainly is not healthy for the company
and threatening the survival of companies
2. The liquidation of company did not stable in beginning year
On the first several months of establishment of company, profit
obtained not able to cover liquidity is situation where companies having a
supply of cash that optimal that can be sufficient operational needs company.
Liquidity is a component that must be possessed an enterprise, with a good
liquidity and so many benefits can get, among them:
 be able to use a period of time a discount from supplier
 be able to use if there are the differences in the selling price of supplier

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 Keep the good name because the payment of supplier always arrive on
time
 a profitable investment be able to use avoid things that they cannot be
avoided
According to analysis has taken over, that can be seen in the first
several months, the establishment of the company a profit don’t be able to
cover the cost of the interest on the loan and that the company is not liquid.
3. The Profitability was very low in beginning month of company build
Profitability company low to the first several months’ Probability is the
ability of the company generates profit. The low profitability company
liquidity influenced by a company that low that there are several opportunities
to generate profit not capable of being use.
C. DATA AND INFORMATION FROM SARI’AH COMPANY
FINANCING
a. Result of Documentation method
The data obtained in the form of profit from the company and profit-
lose sharing to bank.
No Month Profit Profit Sharing
1 January Rp 7.000.000 Rp 2.800.000
2 February Rp 8.000.000 Rp 3.200.000
3 March Rp 10.000.000 Rp 4.000.000
4 April Rp 14.000.000 Rp 5.600.000

28
5 Mei Rp 12.000.000 Rp 4.800.000
6 June Rp 19.500.000 Rp 7.800.000
7 July Rp 26.000.000 Rp 10.400.000
8 August Rp 19.000.000 Rp 7.600.000
9 September Rp 18.000.000 Rp 7.200.000
10 October Rp 17.500.000 Rp 7.000.000
11 November Rp 12.000.000 Rp 4.800.000
12 December Rp 15.000.000 Rp 6.000.000
(Table 4.5)
a. Result of Interview Method
Company Name : ButikNahla Makassar
No. Aktependirian : -
No.Sertificate of incorporation : 1 January 2014
Beginning Financing : From BRI Sari’ahCabangTamalanrea
Kind of Financing : Musyarakah
Amount of Financing : Rp 50.000.000,-
Contract of financing :
1. Profit sharingof 40% from company profit forbank
2. Returns of financing doing in three years, 20% in first years, the
secondyear is 30% and50% in third year
D. ANALYSIS OF SARI’AH FINANCING RISK
a. Analysis of Provability of Company
Because the company use sari’ah financing, so the cost from
financing use profit share sharing. The cost is from profit of company and
return principal of financing can paid according to the percentage in three
year.Following is a table of analysis of liquidity of company:

29
Cost in December
Profit Sharing Rp 15.000.000 Rp 6.000.000
Return of principal financing 50.000.000 10.000.000
Total cost in December Rp 16.000.000
(Table 4.6)
No Month Profit Profit Sharing Analysis of
Provitability
1 January Rp 7.000.000 Rp 2.800.000 2,5
2 February Rp 8.000.000 Rp 3.200.000 2,5
3 March Rp 10.000.000 Rp 4.000.000 2,5
4 April Rp 14.000.000 Rp 5.600.000 2,5
5 Mei Rp 12.000.000 Rp 4.800.000 2,5
6 June Rp 19.500.000 Rp 7.800.000 2,5
7 July Rp 26.000.000 Rp 10.400.000 2,5
8 August Rp 19.000.000 Rp 7.600.000 2,5
9 September Rp 18.000.000 Rp 7.200.000 2,5
10 October Rp 17.500.000 Rp 7.000.000 2,5
11 November Rp 12.000.000 Rp 4.800.000 2,5
12 December Rp 15.000.000 Rp 16.000.000 0,9
(Table 4.7)
From the analysis on the table, we can see that the provability on the
year was very stable because the character of cost is variable with the profit.
If the profit became high the cost also high and if profit decrease the cost
became decrease. It make provability became stable, but the provability
decrease because.
b. Analysis Liquidity of Company
No Month Profit Profit Sharing
Cash in company
Beginning cash Ending cash
1 January Rp 7.000.000 Rp 2.800.000 Rp 7.000.000 Rp 4.200.000
2 February Rp 8.000.000 Rp 3.200.000 Rp 4.200.000 Rp 9.000.000
3 March Rp 10.000.000 Rp 4.000.000 Rp 9.000.000 Rp 15.000.000
4 April Rp 14.000.000 Rp 5.600.000 Rp 15.000.000 Rp 23.400.000

30
5 Mei Rp 12.000.000 Rp 4.800.000 Rp 23.400.000 Rp 30.600.000
6 June Rp 19.500.000 Rp 7.800.000 Rp 30.600.000 Rp 42.300.000
7 July Rp 26.000.000 Rp 10.400.000 Rp 42.300.000 Rp 57.900.000
8 August Rp 19.000.000 Rp 7.600.000 Rp 57.900.000 Rp 69.300.000
9 September Rp 18.000.000 Rp 7.200.000 Rp 69.300.000 Rp 80.100.000
10 October Rp 17.500.000 Rp 7.000.000 Rp 80.100.000 Rp 90.600.000
11 November Rp 12.000.000 Rp 4.800.000 Rp 90.600.000 Rp 97.800.000
12 December Rp 15.000.000 Rp 16.000.000 Rp 97.800.000 Rp 96.800.000
(Table 4.8)
From the table, the liquidity of company was very stable, It because
the profit from the operational of company can cover the financing cost.
c. Risk expectations of Sari’ah Financing
1. Profit Sharing can push down the Profitability of company
Sari’ah financing did not use interest system but use profit sharing
system. Profit sharing system is system that the company must give partly of
the company profit to the bank with percentage on the agreement. The
character of cost is variable cost, it always changes if the profit of the
company change. If the profit of the company was increase, the cost of
financing also became increase so it can push down the profitability of the
company.
2. Decrease the liquidity in month that the company must return the
main loan.
In profit sharing system, the main of loan will return in several phase
according to the agreement. Therefore, there are several months in period of
financing the company must pay the cost mare than other month, so the
liquidity of company in that month decreases. The company also must pay

31
attention it month to prepare more cash on that month to anticipation the
profit of company cannot cover the cost of financing.
E. ANALISIS OF COMPARISON BETWEEN FINANCING
RISK OF CONVENTIONAL AND SARI’AH FINANCING
a. Comparison in liquidity of company
From the analysis of company liquidity, the liquidity of conventional
financing was not stable, it because the cost of financing did not follow the
profit. If the profit of company decreases, the cost did not decrease so the
liquidity of company became fluctuation.
In Sari’ah financing the liquidity during the year became stable, it
because the character of financing cost is variable. If the profits decrease the
cost, also decrease. Nevertheless, in end of year the liquidity was decrease
because on December company must return the main loan of company, so
the cost increase more than other month.
b. Comparison in Provability of company
To see the provability, we use liquidity as basis. Because if the
company have much cash, it can cover the short-term debt. Seen from
provability analysis that has done by seen in the first month the
establishment of the company occurs stabling company profit. This
happened because company still in business conditions so that pioneered
sales turnover is very weak. In a situation as this company have to bear

32
interest costs and loan principal very not in accordance with the profit
generated company.
In sari’ah financing the provability of company was stable because use
profit sharing. The cost of financing follow the company profit, it make the
provability became good.
c. Comparison in Profitability of company
Profitability company low to the first several months’ Probability is the
ability of the company generates profit. The low profitability company
liquidity influenced by a company that low that there are several
opportunities to generate profit not capable of being use.
Profit sharing system is system that the company must give partly of
the company profit to the bank with percentage on the agreement. The
character of cost is variable cost, it always changes if the profit of the
company change. If the profit of the company was increase, the cost of
financing also became increase so it can push down the profitability of the
company.

33
CHPTER V
CONCLUSION & SUGGESTION
A. CONSLUSION
1. The liquidity of conventional financing was not stable, it because the cost of
financing did not follow the profit. If the profit of company decreases, the cost
did not decrease so the liquidity of company became fluctuation. In Sari’ah
financing the liquidity during the year became stable, it because the character
of financing cost is variable. If the profits decrease the cost, also decrease.
Nevertheless, in end of year the liquidity was decrease because on December
Company must return the main loan of company, so the cost increase more
than other month.
2. The provability of conventional financing was not stable, it because the cost
of financing did not follow the profit. If the profit of company decreases, the
cost did not decrease so the liquidity of company became fluctuation. In
sari’ah financing the provability of company was stable because use profit
sharing. The cost of financing follow the company profit, it make the
provability became good.
3. Profitability company low to the first several months’ Probability is the ability
of the company generates profit. Profit sharing system is system that the
company must give partly of the company profit to the bank with percentage
on the agreement. The character of cost is variable cost, it always changes if
the profit of the company change

34
B. SUGGESTION
This time, so much financing products offered by various financial
institutions, including banks and non-bank types. Financing various products
with the conditions very easily also offers loans very much .But , suggested
to the entrepreneurs especially a new business will begin in the field of small
and medium businesses to analyze the financing of products using before
deciding to pembiaayan financing used can be efficient and effective and
does not cause a large risk for business survival .
Based on a research, researcher suggested t use Sari’ah financing to
begin business especialy to small and medium eterprice because the risks
generated relative smaller than use conventional products financing as
viewed from the aspect of liquidity, profitability and provabilitas.
In research that has been researcher do still so much negativity , hence
we suggest to the researchers next to do more in-depth research and making
this study as a preparation proses . The components still to increase is the
treatment of companies have been insufficient and the treatment side
variables is weak.

35
BIBLIGRAPHY
Anonim. 2008. Undang-Undang Republik Indonesia Nomor 21 Tahun 2008 Tentang
Perbankan Syariah. Jakarta;Dewan Perbankan Syariah Indonesia.
Anonim.2000. Fatwa Dewan Syari’ah Nasional No: 01/Dsn-Mui/Iv/2000 Tentang G
IRO. Jakarta;Dewan Syari’ah Nasional.
Anonim. 2010. Daftar Produk Perbankan Syari’ah. Jakarta;Islamic Banking
Anonim. 2010. Menghitung Bagi Hasil iB. Jakarta;Islamic Banking
Anonim. 2010. Syariah Education. Retrive on www.brisyariah.co.id; 13th November
2014
Ahmad Fairuza, Denes. Analisis Manajemen Risiko Kredit Sebagai Alat Untuk
Meminimalisir Risiko Kredit (Studi pada PT. Bank Rakyat Indonesia
(PERSERO) Tbk. Cabang Malang Kawi). Malang;Balai Penerbit Fakultas
Ekonomi dan Bisnis, Universitas Brawijaya
Gumayantika, Rika. Abdul, Kohar Irwanto.2010. Analisis Sistem Manajemen Risiko
Kredit dan Pengaruhnya terhadap Laba Perusahaan dengan Penerapan Model
Program Komputer (Studi Kasus PT Bank JABAR Cabang Ciamis).
Bogor;Penerbit Fakultas Ekonomi dan Manajemen Institut Pertanian Bogor
Siamat D. 2005. Manajemen Lembaga Keuangan: Kebijakan Moneter dan
Perbankan. Jakarta; Lembaga Penerbit Fakultas Ekonomi Universitas
Indonesia.
Syahputra, reza. 2012. Pengertian Pembiayaan. Retrive on
rezasyahputra32.blogspot.com; November 2014
Wendiana, Adetyas.2009. Analisis Kredit. Jakarta;Lembaga Penerbit Fakultas
Ekonomi UI

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