<![CDATA[Penelitian ini menganalisis pengaruh Non Performing Financing (NPF) dan Financing to Deposit Ratio (FDR) terhadap Net Profit Margin (NPM) pada perbankan syariah di BEI dengan studi kasus PT Bank Muamalat Indonesia Tbk periode 2016-2025. Urgensi penelitian ini penting menjaga stabilitas margin laba bersih bank syariah yang terdaftar di bursa, karena fluktuasi rasio keuangan langsung direspons pasar. Penelitian menggunakan pendekatan kuantitatif asosiatif kausal dengan data sekunder laporan keuangan tahunan yang diperoleh melalui dokumentasi dan studi pustaka. Teknik analisis meliputi uji asumsi klasik, regresi linier berganda, koefisien korelasi, determinasi, serta uji hipotesis (t dan F) dengan SPSS 26. Hasil penelitian menunjukkan secara parsial NPF tidak berpengaruh signifikan terhadap NPM dengan t hitung (-0,384) < t tabel (2,306) dan signifikansi 0,712 > 0,05. FDR berpengaruh positif signifikan terhadap NPM dengan t hitung (2,890) > t tabel (2,306) dan signifikansi 0,000 < 0,05. Secara simultan, NPF dan FDR berpengaruh signifikan terhadap NPM dengan F hitung (6,522) > F tabel (4,066) dan signifikansi 0,001 < 0,05. Koefisien determinasi (R²) 0,130 menunjukkan 13% variasi NPM dijelaskan oleh NPF dan FDR, sisanya 87% oleh faktor lain. Kesimpulannya, FDR lebih dominan mempengaruhi profitabilitas bank syariah dibandingkan NPF, menunjukkan efektivitas fungsi intermediasi lebih menentukan margin laba bersih daripada risiko pembiayaan bermasalah. The Effectiveness of the Student Teams Achievement Division (STAD) Learning Model Assisted by Local Wisdom-Based Pop-Up Books on the Understanding of 2D Shape Concepts among Fifth-Grade Elementary School Students Abstract This study analyzes the impact of Non-Performing Financing (NPF) and the Financing-to-Deposit Ratio (FDR) on the Net Profit Margin (NPM) of Sharia banks listed on the Indonesia Stock Exchange (IDX), specifically focusing on PT Bank Muamalat Indonesia Tbk during the 2016–2025 period. Maintaining the stability of the net profit margin for publicly listed Sharia banks is crucial, as the market reacts immediately to fluctuations in financial ratios. The study employs a quantitative, associative-causal approach using secondary data from annual financial reports obtained through documentation and literature review. Analysis techniques include classical assumption tests, multiple linear regression, correlation and determination coefficients, and hypothesis testing (t-test and F-test) using SPSS 26. The results indicate that, individually, NPF does not significantly affect NPM (t-statistic -0.384 < t-table 2.306; significance 0.712 > 0.05). Conversely, FDR has a significant positive effect on NPM (t-statistic 2.890 > t-table 2.306; significance 0.000 < 0.05). Simultaneously, NPF and FDR significantly influence NPM (F-statistic 6.522 > F-table 4.066; significance 0.001 < 0.05). The coefficient of determination (R²) of 0.130 indicates that 13% of the variation in NPM is explained by NPF and FDR, while the remaining 87% is attributed to other factors. In conclusion, FDR exerts a more dominant influence on Sharia bank profitability than NPF, demonstrating that the effectiveness of the intermediation function is a more significant determinant of net profit margin than the risk of non-performing financing.]]>
