Journals Information
Universal Journal of Accounting and Finance Vol. 10(2), pp. 559 - 565
DOI: 10.13189/ujaf.2022.100220
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Financial Performance before and during the Covid-19 Pandemic on Islamic Microfinance Institutions (Case Study Btm Kaliwungu)
Nur Khatik *, Fatmasari Sukesti , Ida Kristiana
Department of Accounting, Faculty of Economics, Universitas Muhammadiyah Semarang, Indonesia
ABSTRACT
Islamic banking in Indonesia is facing a number of challenges in the midst of the Covid-19 pandemic, and impacting Sharia Micro Finance Institutions will face several potential risks to financial performance. For this reason, research is needed to analyze the impact of Covid-19 on sharia microfinance performance. In this case, BTM Kaliwungu analyzes financial statements using financial ratios, namely Return On Asset (ROA), Capital Adequacy Ratio (CAR), Non-Performing Finance (NPF) and Financing Deposit to Ratio (FDR). This is a quantitative study with trend analysis in Microsoft Excel. The data were collected three years (December 31, 2017- December 31, 2019) before and one year (December 31, 2020) after the announcement of the first case of Covid-19 on March 2, 2020. The financial statements demonstrate the overall impact of Covid-19 on sharia microfinance performance (BTM Kaliwungu). During the existence of covid-19, the CAR ratio has no effect. ROA displays the results of criterion calculation quite well before or during the Covid-19 pandemic. The NPF calculation results show that the poor standard is still within the acceptable standardized range. Furthermore, in the case of FDR, it necessitates a greater reliance on third-party funding.
KEYWORDS
Financial Performance, CAR, ROA, NPF, FDR
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Nur Khatik , Fatmasari Sukesti , Ida Kristiana , "Financial Performance before and during the Covid-19 Pandemic on Islamic Microfinance Institutions (Case Study Btm Kaliwungu)," Universal Journal of Accounting and Finance, Vol. 10, No. 2, pp. 559 - 565, 2022. DOI: 10.13189/ujaf.2022.100220.
(b). APA Format:
Nur Khatik , Fatmasari Sukesti , Ida Kristiana (2022). Financial Performance before and during the Covid-19 Pandemic on Islamic Microfinance Institutions (Case Study Btm Kaliwungu). Universal Journal of Accounting and Finance, 10(2), 559 - 565. DOI: 10.13189/ujaf.2022.100220.