The Business Cycle as a Moderator of Financing for Financing Risk of Islamic Commercial Banks in Indonesia

ABSTRACT Islamic banking is undoubtedly faced with several potential financing risks, the three largest contracts (Mudharaba, Musharaka, and Murabaha) that reduce financial performance of banks. The risk strengthened if stability national economic growth contracted. Therefore, this research aims to investigate impact Mudharaba, Murabaha on Financing Risk moderated by business cycle relationship between Financial Performance Commercial Banks. sample study was 12 Banks in Indonesia during period 2017-2021. Data were then analyzed using technique Moderated Regression Analysis (MRA). Researchers found Musharaka has a significant positive effect Risk, Mudharaba an insignificant negative Performance. Business Cycle does not moderate Musharakah, Risk. results can encourage Bank evaluate distribution strategy financing, optimize prepare strategies do depend macroeconomic conditions. Keywords: Financing, Cycle, ABSTRAK Perbankan syariah dengan tiga akad pembiayaan terbesar dan dihadapkan pada sejumlah potensi risiko yang menurunkan kinerja keuangan Syariah. Potensi tersebut menguat jika stabilitas pertumbuhan ekonomi nasional juga terganggu atau mengalami kontraksi. Oleh karena itu, penelitian ini hendak mengkaji pengaruh Pembiayaan terhadap Risiko Pembayaran dimoderasi oleh Siklus Bisnis, sekaligus menguji hubungan antara Kinerja Keuangan Sampel adalah di selama periode kemudian dianalisis menggunakan teknik Peneliti menemukan bahwa berpengaruh positif signifikan Pembiayaan, tidak negatif Keuangan. Adapun Bisnis dapat memoderasi Pembiayaan. Hasil menjadi evaluasi bagi agar mengevaluasi strategi penyaluran mengoptimalkan Murabaha, mempersiapkan bergantung kondisi makro ekonomi. Kata Kunci: REFERENCES Abdillah, W., & Hartono, J. (2015). Partial least square (PLS) alternatif structural equation modelling (SEM) dalam bisnis. CV. Andi Offset. Abdul-rahman, A., Nor, S. 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