EFEKTIVITAS PEMBIAYAAN SYARIAH PADA KSPPS BMT BIM JAWA TIMUR TERHADAP PERKEMBANGAN USAHA RETAIL DI KABUPATEN TUBAN

Abstract

This study aims to analyze the effect of Islamic financing effectiveness provided by KSPPS BMT BIM Jawa Timur on the development of retail businesses in Tuban Regency. This research uses a quantitative approach with a survey method and a cross-sectional design. Data were collected from 78 retail business actors who had received financing from KSPPS BMT BIM Jawa Timur, selected using purposive sampling. The data were analyzed using simple linear regression with the assistance of SPSS. The results show that Islamic financing effectiveness has a positive and significant effect on retail business development, as indicated by a regression coefficient of 0.682 and a significance value of 0.000 < 0.05. The coefficient of determination shows an R Square value of 0.396, meaning that Islamic financing effectiveness explains 39.6% of the variation in retail business development, while the remaining 60.4% is influenced by other factors outside the research model. These findings indicate that more effective financing, reflected in ease of access, suitability of financing, perceived benefits, ease of repayment, and BMT service quality, can support business development through increased turnover, stock expansion, business stability, and overall business growth. From an Islamic economic perspective, Islamic financing contributes to the principles of justice, partnership, and welfare, as well as the maqashid sharia framework, particularly in preserving and developing wealth (hifz al-mal). This study implies that effective Islamic financing serves not only as a source of business capital but also as an instrument for empowering retail businesses in a sustainable manner.