Pengaruh Pembiayaan Bagi Hasil (PBF) Terhadap Risiko Pembiayaan (NPF) Dengan Efisiensi Operasional (BOPO) Sebagai Variabel Moderasi Pada Bank Syariah Di Indonesia

Abstract

This study aims to analyze the effect of Profit-Loss Sharing Financing (PBF) on Financing Risk (NPF) with Operational Efficiency (BOPO) as a moderating variable at Bank Syariah Indonesia (BSI) for the period 2021-2025. Profit-loss sharing financing is a key characteristic of Islamic banking that emphasizes the principle of justice, but has higher complexity and risk levels compared to sale-based financing. This study employs a quantitative approach with multiple linear regression analysis using SPSS 26. The data used are secondary data from BSI's quarterly published financial reports consisting of 19 observations covering Q1-Q4 of 2021-2024 and Q1-Q3 of 2025. The results show that PBF has a negative and significant effect on NPF with a coefficient value of -0.108 and a significance of 0.000 (< 0.05), and is able to explain 70.6% of NPF variation. However, BOPO is unable to moderate the effect of PBF on NPF, as evidenced by the interaction significance value of PBF×BOPO of 0.766 (> 0.05). All classical assumption tests were met, indicating a valid and reliable regression model. This study implies that developing a profit-loss sharing financing portfolio is an effective strategy for controlling financing risk in Indonesian Islamic banking, but needs to be supported by strong internal risk management mechanisms.