FINANCING MODEL FOR CREATIF INDUSTRY BASED ON SHARIAH GOVERNANCE

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Abstract
Creative industries have strategic role in community empowerment. But the creative industry have a weakness to access the capital, because they do not have collateral and financial statements standard. This study aims to improve the financing for creative industries based on syariah governance, that are use 6 indicators: transparency, fairness, accountability, responsibility, independence, and syariah compliance, so the financial performance can be improved and the risk can be reduced. The population in this study are all Troso weaving industry at Jepara which total are 283 companies. With purposive sampling, where the sample are Troso weaving industry at least 2 years and get of financing from Islamic banks with murabahah and mudharabah, so obtain 75 samples. Data collection techniques used: questionnaires and interviews. Data analysis in this research used a descriptive analysis and Partial Least Square. The results of this research that the Troso weaving industry at Jepara not yet implement of shariah governance principles comprehensively and now implementing two shariah principles are: responsibility and compliance. Transparency, responsibility and shariah compliance had positive and significant impact on financial performance, as well as reducing the risk of financing. But fairness, accountability and independence had not impact on financial performance and risk financing. Financial performance hadn’t impact on
the risk of financing.

Keywords: creative industry, mudaraba, shariah governance, financial performance and risk financing

Nama Prosiding : 4th ASEAN International Conference on Islamic Finance
ISSN :
Tahun : 2016
Peneliti : Mutamimah,,
Diunggah tanggal : Senin, 2017-12-18