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FINANCIAL RATIO AND ITS INFLUENCE TO PROFITABILITY 
IN ISLAMIC BANKS

Erika Amelia1

Abstract. Financial Ratio and Its Influence to Profitability in Islamic 
Banks. This research aims to analyze the influence of the Capital Adequacy 
Ratio (CAR), Non Performing Financing (NPF), Financing to Deposit Ratio 
(FDR) and Biaya Operasional Pendapatan Operasional (BOPO) to Return on 
Asset (ROA) in Bank Muamalat Indonesia and Bank Syariah Mega. The data 
analysis method used in this research is multiple regression analysis. From the 
test results show that the Capital Adequacy Ratio (CAR), Non Performing 
Financing (NPF), Financing to Deposit Ratio (FDR) and Biaya Operasional 
Pendapatan Operasional (BOPO) simultaneously effect to Return on Asset 
(ROA). Based on the test results of the t statistic was concluded that the 
Capital Adequacy Ratio (CAR), Non Performing Financing (NPF) and the 
Financing to Deposit Ratio (FDR) partially no significant effect to Return 
on Asset (ROA), while Biaya Operasional Pendapatan Operasional (BOPO) 
partially significant effect to Return on Asset (ROA).

Keywords: financial ratio, profitability, Islamic banks, multiple regression

Abstrak: Rasio Keuangan dan Pengaruhnya Terhadap Profitabilitas di 
Perbankan Syariah. Penelitian ini bertujuan untuk menganalisis pengaruh 
Capital Adequacy Ratio (CAR), Non Performing Financing (NPF), Financing to 
Deposit Ratio (FDR) dan Biaya Operasional Pendapatan Operasional (BOPO) 
terhadap Return on Asset (ROA) pada Bank Muamalat Indonesia dan Bank 
Syariah Mega. Metode analisis data yang digunakan dalam penelitian ini adalah 
analisis regresi berganda. Dari hasil uji statistik F menunjukkan bahwa Capital 
Adequacy Ratio (CAR), Non Performing Financing (NPF), Financing to Deposit 
Ratio (FDR) dan Biaya Operasional Pendapatan Operasional (BOPO) secara 
simultan berpengaruh terhadap Return On Asset (ROA). Berdasarkan hasil uji 
statistik t disimpulkan bahwa Capital Adequacy Ratio (CAR), Non Performing 
Financing (NPF) dan Financing to Deposit Ratio (FDR) secara parsial tidak 
berpengaruh signifikan terhadap Return On Asset (ROA) sedangkan Biaya 
Operasional Pendapatan Operasional (BOPO) secara parsial berpengaruh 
signifikan terhadap Return On Asset (ROA).

Kata Kunci: rasio keuangan profitabilitas, bank syariah, regresi berganda 

First draft: January, 15th 2015, Revision: March, 10th 2015, Accepted: April, 20th  2015
1 Syarif Hidayatullah State Islamic University. Jl. Ir. H. Juanda No. 95, Ciputat, South 

Tangerang, Banten, Indonesia.
Email: erika.amelia@uinjkt.ac.id



Al-Iqtishad: Vol. VII No. 2, Juli 2015 230

Introduction

Crises that have occurred in the Indonesian banking industry has been 
aware of all parties that the conventional banking system is not the only system 
that is reliable, but there is another banking system better is Islamic banking. In 
the banking activities, the implementation of Islamic teachings are realized by the 
implementation of sharia banking activity that is consistent with Islamic thought on 
economic activity. Along with the increasing economic growth, Islamic finance has 
also increased (Santoso and Sigit Triandaru , 2006)

In order to maintain public confidence, the banks must maintain financial 
performance. The bank’s financial performance can be assessed by several indicators. 
One of the main indicators used as the basis of assessment is the bank ‘s financial 
statements. Based on the financial statements will be calculated a number of 
financial ratios commonly used as the basis of assessment of the bank (Riyadi , 
2006). Recognizing the importance of health of a bank for the establishment of 
confidence in the banking world as well as to implement the precautionary principle 
(prudential banking) in the banking sector, Bank Indonesia felt the need to apply 
the rules on the health of banks. With the bank ‘s health regulations, banks are 
expected to always be in good health, so it will not harm associated with the banking 
community (Santoso and Sigit Triandaru , 2006)

To know the financial condition of a bank, it can be seen that the financial 
statements are presented by a bank periodically. This report is very useful, especially 
for owners, management, government, and society as a bank customer, in order 
to determine the condition of the bank (Kasmir,2012). Bank rating include an 
assessment of the factors which consists of: Capital; Asset Quality; Management; 
Earnings; Liquidity; Sensitivity to Market Risk. 

In this study, aspects of capital assessed through the Capital Adequacy Ratio 
(CAR), asset quality aspects assessed through Non Performing Financing (NPF), the 
aspect of profitability assessed by return on assets (ROA) and Operating Expenses 
to Operating Income (ROA), while the liquidity aspect assessed through Financing 
to Deposit Ratio (FDR).

Some research show different results, the not the consistency of the results 
of research has been done before, and then the researcher are interested in similar 
research regarding, “ The Effect of Capital Adequacy Ratio ( CAR ) , Non Performing 
Financing ( NPF ) , Financing to Deposit Ratio ( FDR ) and Operating Expenses 
Operating Income ( OEOI ) to return on Assets ( ROA ) in Bank Muamalat Indonesia 
and Bank Syariah Mega registered in Bank Indonesia period 2005-2012”



Erika Amelia: Financial Ratio and Its Influence  231

Literature Review

The bank’s financial statements show the financial condition of the bank as 
a whole. From this report will be read how the actual condition of the bank, in-
cluding the weaknesses and strengths (Kasmir, 2012). The purpose of making the 
bank’s financial statements with the principles of Islamic Sharia is (Rifqi Muham-
mad, 2008): first, improving obedience to the principles of Islamic transactions in 
all transactions and business activities; Second, information sharia compliance by the 
entity on Islamic principles, as well as information assets, liabilities, and expenses 
opinion incompatible with Islamic principles if there is and how the acquisition 
and use; Third, information to help evaluate fulfillment of responsibilities sharia 
entity to trust in securing funds and invest in a decent profit levels; Fourth, informa-
tion about the level of investment profits earned investors and owners of temporary 
syirkah funds and information regarding the fulfillment of the obligation (obliga-
tion) social function sharia entities, including the management and distribution of 
zakat, infaq, shodaqoh and wakaf.

The health of banks is the result of qualitative assessments of various aspects 
affecting the condition or performance of a bank through the assessment of financial, 
asset quality, management, earnings, liquidity and sensitivity to the market risk 
(Santoso and Sigit Triandaru, 2006). The rules about the health of Islamic banks have 
been set by Bank Indonesia Regulation (PBI) No. 9/1 / PBI / 2007 concerning the 
Rating System for General Banks Based on Sharia Principles (in http://www.bi.go.
id, downloaded on September 6, 2013) subject and according to Bank Indonesia 
Circular Letter No. 9/24 / DPbS October 30, 2007 regarding the rating system for 
commercial banks based on Islamic principles (in http://www.bi.go.id, downloaded 
on 8 September 2013). 

The bank rating of health banks include an assessment of the following 
factors: First, an assessment of the capital factor includes assessment of the following 
components: adequacy, projected (future trend) capital and the ability of capital to 
cover risks; and; The ability to meet the need for additional capital from earnings, 
capital plan to support business growth, access to sources of capital and financial 
performance of shareholders.

Second, an assessment of the asset quality factor includes assessment of the 
following components: The quality of productive assets, the development of the 
quality of earning assets, concentrations of risk exposure, and risk exposure core 
customers; The adequacy of policies and procedures, review systems (review) 
internal, system of documentation and handling performance earning assets.

Third, an assessment of the management factors include assessment of the 



Al-Iqtishad: Vol. VII No. 2, Juli 2015 232

following components: The quality of general management, application of risk 
management, primarily on the understanding management on the risk of Bank or 
UUS; Obedience of Bank or UUS on applicable provisions, a commitment to Bank 
Indonesia or other parties, and adherence to Islamic principles, including educating 
the public execution of a social function.

Fourth, an assessment of the earnings factor includes assessment of the 
following components: Ability to produce profits, earnings capacity to support the 
expansion and risk cover, as well as the level of efficiency; Diversification of revenue, 
including the ability of banks to earn fee-based income, and diversification of 
investment of funds, and also application of accounting principles in the recognition 
of income and expenses

Fifth, an assessment of the liquidity factors include assessment of the following 
components: the ability to fulfill short-term obligations, the potential maturity 
mismatch, and the concentration of funding sources; the adequacy of liquidity 
management policies, access to funding sources, and funding stability.

Sixth, assessment of sensitivity to market risk factors include assessment 
of the following components: the ability of the Bank or Sharia capital covering 
potential losses as a result of fluctuations (adverse movement) exchange 
rates; the adequacy of the implementation of market risk management. 
Return on Assets (ROA) is used to measure the bank’s management in the gain 
(profit) as a whole. The greater Return On Asset (ROA) of a bank, the higher the 
level of the bank’s profits achieved and the better the bank’s position in terms of the 
use of the asset (Dendawijaya, 2009).

Table. 1
Criteria of Return On Asset (ROA) Level Assessment

Level Criteria Information
Level 1 ROA > 1,5% Very high
Level 2 1,25% < ROA ≤ 1,5% High
Level 3 0,5% < ROA ≤ 1,25% High Enough
Level 4 0% < ROA ≤ 0,5% Low
Level 5 ROA ≤ 0% Very low

Source: Bank Indonesia Circular Letter No. 9/24 / DPbS 2007 

Capital Adequacy Ratio (CAR) is called with the capital adequacy ratio, 
which means that the amount of equity capital required to cover the risk of financial 
loss that may arise from cultivation of assets are risky. The greater this ratio, the 
bank’s profit will also increase. In other words, the smaller the risk of a bank, the 
greater profits of a bank (Kuncoro and Suhardjono, 2011).



Erika Amelia: Financial Ratio and Its Influence  233

Table. 2
Criteria of Capital Adequacy Ratio (CAR) Level Assessment
Level Criteria Information

Level 1 KPMM ≥ 12% Significantly higher than certainty 
Level 2 9% ≤ KPMM < 12% higher than certainty
Level 3 8% ≤ KPMM < 9% Less higher than certainty
Level 4 6% < KPMM < 8% Lower than certainty
Level 5 KPMM ≤ 6% Less lower than certainty

Source: Bank Indonesia Circular Letter No. 9/24 / DPbS 2007 

Non-Performing Financing (NPF) is used to measure the level of financing 
problems faced by Islamic banks. The higher this ratio, indicating the quality of 
Islamic bank financing is getting worse (Mohammed, 2005).

Table. 3
Criteria of Non Performing Financing (NPF) Level Assessment

Level Criteria Information
Level 1 NPF < 2% Very good
Level 2 2% ≤ NPF < 5% Good
Level 3 5% ≤ NPF < 8% Good Enough
Level 4 8% ≤ NPF < 12% Less good
Level 5 NPF ≥ 12% Not good

Source: Bank Indonesia Circular Letter No. 9/24 / DPbS 2007.

Financing to Deposit Ratio (FDR) is how much third party funds be released 
for financing Islamic banks (Mohammed, 2005). Loan to Deposit Ratio (LDR) 
is how far the bank’s ability to repay the withdrawal of funds by depositors by 
controlling loans as a source of liquidity. The higher this ratio, gives indication of the 
lack of bank liquidity. This is because the amount of funds required to finance the 
credit is grow (Dendawijaya, 2009). The amount of LDR follows the development 
of Indonesia’s economic condition. Based on Bank Indonesia Regulation (PBI) No. 
15/7 / PBI / 2013 on Statutory Reserves of Commercial Banks in Bank Indonesia 
in Rupiah and Foreign Exchange, that the bank is considered healthy if the amount 
of the Loan to Deposit Ratio (LDR) to the lower limit of the loan to deposit ratio 
(LDR) target is 78% and the upper limit of the Loan to Deposit Ratio (LDR) target 
is 92% from the date of December 2, 2013. 

Biaya Operasional Pendapatan Operasional (BOPO) is used to measure the 
efficiency of the bank’s ability to conduct its operations. The higher this ratio, the 
greater the bank’s inefficient operating costs (Dendawijaya, 2009). 



Al-Iqtishad: Vol. VII No. 2, Juli 2015 234

Table. 4
Criteria of Biaya Operasional Pendapatan Operasional (BOPO)

Level Assessment 
Level Criteria Information

Level 1 REO ≤ 83% Very high
Level 2 83% < REO ≤ 85% High
Level 3 85% < REO ≤ 87% Less high
Level 4 87% < REO ≤ 89% Low
Level 5 REO > 89% Les low

Source: Bank Indonesia Circular Letter No. 9/24 / DPbS 2007

In a study conducted by Adi Stiawan (2009) examined the effect of the 
Capital Adequacy Ratio ( CAR ) of the return on assets (ROA). Research results 
showed a significant influence of the Capital Adequacy Ratio (CAR) of the return 
on assets (ROA) . However, these studies contradict the research Asma‘ Rashidah 
Idris, Fadli Fizari Abu Hassan Asari, Noor Asilah Abdullah Taufik, Nor Jana Salim, 
Rajmi Mustaffa and Kamaruzaman Jusoff (2011) and Muh. Sabir M, Muhammad 
Ali, and Abd. Hamid Habbe (2012). The results showed that the Capital Adequacy 
Ratio (CAR) did not significantly affect the return on assets (ROA).

In a study conducted by Adi Stiawan (2009) and Vishnu Aluisius N. (2011) 
related to the effect of non-performing financing (NPF) on Return on Assets (ROA) 
shows the result that the non-performing financing (NPF) significantly affect the 
return on assets ( ROA ). Aulia Fuad Rahman and Rochmanika Rida (2011) in his 
research stating that Non Performing Financing (NPF) positive effect on return 
on assets (ROA). However, research conducted both at odds with research Muh  
Sabir, Muhammad Ali , and Abd Hamid Habbe (2012) which showed that the non-
performing financing (NPF) no significant effect on return on assets (ROA).

Adi Stiawan (2009) conducted a study on the effect of Financing to Deposit 
Ratio (FDR) of the return on assets (ROA). The result of research indicated that the 
Financing to Deposit Ratio (FDR) significantly affect the return on assets (ROA). In 
the study Muh Sabir, Muhammad Ali, and Abd  Hamid Habbe (2012) showed that 
the Financing to Deposit Ratio (FDR) positive and significant impact on the return 
on assets (ROA). The study contradicts the Suryani study (2011) that the Financing 
to Deposit Ratio (FDR) no significant effect on return on assets (ROA).

Operating Costs Operating Income (BOPO) studied Adi Stiawan (2009) and 
Aluisius Wishnu N. (2011 ) showed that the Operating Costs Operating Income 
(BOPO) significantly affect the return on assets (ROA). The Research Muh  Sabir, 
Muhammad Ali, and Abd Hamid Habbe (2012), shows that the Operating Costs 
Operating Income (BOPO) significant negative effect on return on assets (ROA).



Erika Amelia: Financial Ratio and Its Influence  235

Methods 

The population in this research is Islamic Banks (IB). Sampling technique in 
this research is nonprobability Sampling is a sampling technique that does not give 
the opportunity / same opportunity for each element or member of the population to 
be elected as members of the sample (Sugiyono, 2011). Purposive Sampling Method 
is sampling technique with particular consideration (Sugiyono, 2011). Criteria for 
Islamic Banks are sampled Islamic Banks operating in the period 2005-2012 and 
Islamic Banks which presents data Quarterly Financial Report for the period 2005-
2012. Based on these criteria, the sample used in this study is Bank of Muamalat 
Indonesia and Bank of Mega Syariah.

The data used in this research is secondary data from the Quarterly Financial 
Report of Financial Ratios Table issued and published on the Web site by Bank 
Muamalat Indonesia and Bank Syariah Mega period 2005 to 2012. The data and 
information obtained through the official website of Bank Indonesia. Method of 
analysis used in this research is the method of Multiple Linear Regression Analysis.

Discussion

Based on the result, it can be seen that the Return On Asset (ROA) has an 
average value of 2.39%. Thus, ROA of Islamic banks have to fulfill the standards 
of Bank Indonesia, which means Islamic banks successfully manage its financial 
performance in increasing revenue and reducing costs. The average value of the 
Capital Adequacy Ratio (CAR) is 13.07%. Thus statistically, CAR of Islamic banks 
are significantly higher than the provisions of Bank Indonesia, which means Islamic 
banks able to finance the operations of the bank to absorb losses on assets decline. 
Financing to Deposit Ratio (FDR) has an average of 84.48%. So FDR of Islamic 
banks have to fulfill the standards of Bank Indonesia, which means the distribution 
of funding is greater than the funds deposited, because the main function of the 
bank is as intermediation (intermediary) between the parties with the excess funds 
with underfunded. Biaya Operasional Pendapatan Operasional (BOPO) reached an 
average of 83.38%. So BOPO ratio of Islamic banks comes into the second rank 
(83% <REO ≤ 85%), which indicates that the efficiency of operational activities of 
Islamic banks are already good.

Based on the results of the amount of correlation between the independent 
variables, it appears that only the Operating Expenses Operating Income (BOPO) 
which has a quite high correlation with the variable Financing to Deposit Ratio 
(FDR) with a correlation of 58.7%. Therefore, this correlation is still below 95%, it 
can be said did not occur serious multicoloniarity. Multicoloniarity test results with 
see the value of tolerance and VIF. Results of tolerance calculation showed that were 



Al-Iqtishad: Vol. VII No. 2, Juli 2015 236

no independent variables have a tolerance value of less than 0.10, which means there 
is no correlation between the independent variable whose value is more than 95%. 
The result of the calculation Variance Inflation Factor (VIF) also showed the same 
thing that no one independent variable that has a value of more than 10. So VIF can 
be concluded that there is no multicoloniarity in the regression model.

To determine the presence of autocorrelation in a regression model, then 
tested against the value of the Durbin-Watson (DW) test. The result show that 
the generate value Durbin-Watson (DW) 0,929. While in the table of Durbin-
Watson (DW) the number of samples (n) = 64 and the number of independent 
variables (k) = 4 and a significance level of 0.05 obtained values (dl) = 1.46 and 
(du) = 1.73. Therefore the calculation can be concluded that there is a positive 
autocorrelation. Because the regression model contained autocorrelation problem, 
it is necessary to measure improvement. Improvements are considered appropriate 
is to use a technique Generalized Least Square (GLS) that is a method to get rid of 
the first order autocorrelation (first order autocorrelation) in a regression equation 
estimation. Then the method used to estimate the value of p is the method Cochrane-
Oreutt is a technique replicates of two stages: the first stage is to run a regression 
to the initial equation then predicted coefficient p by running regression equation 
based on the suspected residue containing autocorrelation. Then, the second stage is 
using an estimate of the autocorrelation coefficient, where p is used to estimate the 
Generalized Least Square equation by substituting estimation p. After performing 
OLS regression techniques, we then look for the first iteration p value estimate for 
estimating the generalized difference equation in the equation. 

The test results of Durbin-Watson (DW) after repair autocorrelation as 
follows. In the previous regression equation, the value of the Durbin-Watson (DW) 
of 0,929 and consist a positive autocorrelation, while the regression equation after 
repair generate of Durbin-Watson value (DW) of 1.920 which means it did not 
happen autocorrelation.

From the result shows that dots dispersed and scattered above and below 
the number 0 on the Y axis, there is no specific pattern that is irregular or no clear 
pattern. Therefore, it can be concluded that there is no heteroscedasticity in this 
regression models.

Testing the normality of the data to statistical analysis performed using 
Kolmogorov-Smirnov (KS). In multivariate normality tests performed on residual 
value. The data indicated a normal distribution with significant value above 0.05 
or 5% (Ghozali, 2011). The value of the Kolmogorov-Smirnov (KS) are 1.056 and 
0.215 significance. It can be concluded that the distribution pattern of the residuals 
are normally distributed, so the regression model fulfill the normality test.



Erika Amelia: Financial Ratio and Its Influence  237

The coefficient of determination (R2) was essentially measures how far the 
ability of the model to explain variations in the dependent variable (Ghozali, 2011). 
The coefficient of determination can be seen as follows. The amount of Adjusted R 
Square (R2) is 0.657. The results of this statistical the calculation shows the variation 
of the Capital Adequacy Ratio (CAR), Non Performing Financing (NPF), Financing 
to Deposit Ratio (FDR) and Biaya Operasional Pendapatan Operasional (BOPO) 
can explain the variation of 65.7% Return On Asset (ROA). While the remaining 
34.3% is explained by other factors beyond the regression model are analyzed.

The statistical test F basically indicates whether all the independent 
variables included in the model have jointly influence on the dependent variable. 
Based on the results of SPSS output simultaneously the influence of independent 
variables on the dependent variable can be seen as follow. On the result of statistical 
test F, obtained calculated F value is 30.641 and 0.000 significance level. Because 
the level of significance less than 0.05 and the result F count is greater than the F 
table (30.641> 2.53), it can be concluded that the Capital Adequacy Ratio (CAR), 
Non Performing Financing (NPF), Financing to Deposit Ratio (FDR) and Biaya 
Operasional Pendapatan Operasional (BOPO) simultaneously significant effect on 
Return On Asset (ROA).

T statistical test indicates how far the influence of the independent variables 
individually in explaining variation dependent variable. The results of test 
calculations obtained partial t Variable Capital Adequacy Ratio (CAR) of -0.478 
with a significance value of (0.634> 0.05). It can be concluded that the Capital 
Adequacy Ratio (CAR) partially negative but insignificant effect on the Return On 
Asset (ROA). This means that the higher the level of Capital Adequacy Ratio (CAR) 
of a bank did not a barometer of the success of the bank’s management in obtaining 
high profits because capital owned banks have not used optimally in the distribution 
of funding which the CAR only serves as a backup capital which resulted in the 
bank’s capital funds to settle unproductive or idle (idle funds).

The results of test calculations obtained partial t Variable Non-Performing 
Financing (NPF) of -0.189 with a significance value of (0.851> 0.05). It can be 
concluded that the Non-Performing Financing (NPF) partially negative but 
insignificant effect on the Return on Asset (ROA). The results of this research 
indicate the possibility of resulting value Penyisihan Penghapusan Aktiva Produktif 
(PPAP) can still cover the financing problems. Bank profits can still be increased by 
the high of Non Performing Financing (NPF), because banks are still able to obtain, 
not only a source of income from the finance portfolio, but also from other income 
sources also provide a relatively high influence on the rate of Return on Asset. 

The results of test calculations obtained partial t Variable Financing to Deposit 



Al-Iqtishad: Vol. VII No. 2, Juli 2015 238

Ratio (FDR) of -1.411 with a significance value of (0.164> 0.05). It can be concluded 
that the Financing to Deposit Ratio (FDR) partially negative but insignificant effect 
on the Return On Asset (ROA). The results of this research showed the higher this 
ratio, the greater the illiquid banks. The more illiquid bank greater the liquidity risk 
borne by the bank, so contained the risk of unavailability of liquid assets to fulfill 
obligations to customers. Trending negative liquidity risk due to the results of a 
given financing to be borne by the bank increase, so the Return On Asset (ROA) 
decreased. The level of bank’s ability to withdraw funds from low customer and the 
bank did not have a reserve fund to restore customer funds savers.

The results of test calculations obtained partial t Variable Operating Expenses 
Operating Income (BOPO) of -10.207 with significance value of (0.000> 0.05). 
It can be concluded that the Biaya Operasional Pendapatan Operasional (BOPO) 
partially significant negative effect on Return On Asset (ROA). The results of this 
research indicate that if the operations are conducted efficiently generated revenue 
the bank will increase or more efficient performance of the operations of a bank, the 
profit earned by the bank will be even greater.

Conclusion

Besides the explanation above it can be concluded that through the F statistic 
test results simultaneously from each of the dependent variables with independent 
showed that the Capital Adequacy Ratio (CAR), Non Performing Financing (NPF), 
Financing To Deposit Ratio (FDR) and Biaya Operasional Pendapatan Operasional 
(BOPO) significantly affected on Return On Asset (ROA). While the statistical t 
test results partially from each of the dependent variable showed that the Capital 
Adequacy Ratio (CAR) did not significantly influence the return on assets (ROA). 
The results are consistent with previous studies conducted by Asma ‘Rashidah 
Idris et al (2011) and Muh. Sabir M et al (2012) that the variable Non Performing 
Financing (NPF) has no significant effect on Return on Assets (ROA). These results 
are also consistent with previous studies conducted by Muh. Sabir M et al (2012). 
As for the variable Financing To Deposit Ratio (FDR) did not significantly influence 
the Return On Assets (ROA). The result of this study is also in line with previous 
research conducted by Syriac (2011). And for variable Operating Costs Operating 
Income (ROA) significantly affects the return on assets (ROA). And the results are 
consistent with previous studies conducted by Adi Stiawan (2009) and Aluisius 
Vishnu, N. (2011)

Based on the conclusion above, we can suggest that: it is important to make 
an optimal asset management through financing or business expansion. So, there 
are no idle funds that could result settles unproductive asset. The application of the 



Erika Amelia: Financial Ratio and Its Influence  239

precautionary principle in the management of the financing conducted to minimize 
the risk of financing so as to improve profitability and can manage funds raised 
from the public and then redistributed in the form of financing, allocation of funds 
held should be distributed in a variety of forms of investment that will be able to 
increase the income of the bank, either in the form of bonuses and profit-sharing, 
which means sharia banks profit will increase and control the income and expenses 
of special concern to always be at a level of efficiency that can generate maximum 
profit, so that the performance achieved will always increase.

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