Shariah Financing Model on Salt Mini Plant UTM in Order to Increase Production and Income Numbers

The purpose of this study is to provide an alternative model of Islamic financing to the salt business, namely the Mini Plant of Salt UTM. The existence of a shariah financing system that applies the principle of profit sharing allows the Mini Plant of Salt UTM and the publick to access capital through shariah financial institutions and also gain knowledge and reference in accessing capital to fund salt production activities. Data collection techniques were carried out using direct observation and interviews with the manager of the Mini Plant of Salt UTM, the Padelegan village apparatus, and the Islamic financial institution BMT NU Mandiri and BMT Sidogiri Pamekasan branch. The results of data analysis show that the Mini Plant of Salt UTM has developed a salt innovation that has been prototyped into food salt and non-food salt. Other research results found that the activities carried out by the UTM Salt Mini Plant until now have focused on research activities regarding salt. However, the Mini Plant of Salt UTM has not carried out salt processing on the available salt ponds land in the Padegelan village, Pademawu Pamekasan so that it has not been able to generate salt production and income for the Mini Plant of Salt UTM. The Mini Plant of Salt UTM has capital constraints in carrying out salt processing where the source of funds only comes from the University's DIPA. In an effort to overcome the funding problem, the Mini Plant of Salt UTM can use an alternative sharia financing with a mudharabah contract. This contract applies the concept of profit sharing to distribute profits. The provisions of sharia financing with mudharabah contracts can be implemented if the customer already has business activities that result in buying and selling transactions (current production activities)