Proceeding of Conference on Islamic Management, Accounting, and Economics
CIMAE Volume 2, 2019

Analysis of bankruptcy prediction with Altman Z-Score method in Shariah rural bank in Central Java period 2011-2016

Umi Kholifah (Faculty of Economics, Universitas Wahid Hasyim, Semarang, Indonesia)
Atieq Amjadallah Alfie (Faculty of Economics, Universitas Wahid Hasyim, Semarang, Indonesia)
Rosida Dwi Ayuningtyas (Faculty of Economics, Universitas Wahid Hasyim, Semarang, Indonesia)

Article Info

Publish Date
22 Aug 2019


This research describes the implementation of Altman Z-Score to predict sharia rural bank bankruptcy in Central Java since 2011 – 2016. The research background is sharia rural bank competition to achieve public trust, especially small industries as the main funding focus. Qualitative methods is used to this research and analyze annual report of twelve sharia rural bank in Central Java. The annual report were analyzed with Altman Z-Score Modification formula then analyze WCTA, RETA, EBITTA, BVEBVD ratios. Data gained to analyze and scoring sharia rural bank bankruptcy. Based on research analysis shows that Rural Sharia Banking Bankruptcy is raise year by year. In the 2011 to 2016, Rural Sharia Banking in the bankruptcy area are 5, 7, 8, 7, 6, and 9. Although Rural Sharia Banking from 2011 to 2016 which in the grey area are 4, 5, 4, 5, 6, and 3. In the 2011 just 3 Rural Sharia Banking which notice that in the non-bankruptcy level. Based on this research, the manager should to stabilized and to health the bank. It was to banking function runs normally and not going to bankruptcy.

Copyrights © 2019

Journal Info





Economics, Econometrics & Finance Social Sciences


The Conference on Islamic Management, Accounting and Economics (CIMAE) is an annual conference held by Pusat Pengkajian dan Pengembangan Ekonomi Islam (P3EI) Faculty of Economics Universitas Islam Indonesia. It is aimed to facilitate all researchers and academicians to present and publish their ...