RISK MITIGATION IN THE FINANCING BASED ON THE PROFIT SHARING IN THE SHARIA BANK
Isfandayani
Universitas Islam "45" Bekasi (UNISMA BEKASI)
Abstract
One of contracts used by financing product of islamic bank is agreement based on profit sharing. This contract is very exceptional because one of the distinguis elements of islamic bank to the conventional bank is the profit sharing system and/or loss and profit sharing. One of profit sharing based financing is musyarakah. This research will study the risk mitigation at the musyarakah financing at the Bank Muamalat Indonesia by using qualitative method. Bank Muamalat Indonesia has set the risk management strategy through a series technical, provisio and device in the process of identification, measurement, supervision and control and qualified risk management as reflected on implementation Quality of Risk Management (KPMR) and also Key Risk Indicators as paramater control which is contributed by Risk Oversight Committee, Risk Management Committee, Sharia Supervisory Board and Risk Management Unit. The three lines of combined assurance of risk management defense at the Bank Muamalat Indonesia are First Line Defense, Second Line Defense and Third Defense. Mitigation is conducted by way of analyzing the key risk indicators in the field of legality, character, management, industry, information technology, marketing, Environment Impact Assessment (AMDAL) and finance. Whereas the Key Risk Indicators of the Financing of Musyarakah Mutanaqishah of mortgage loans at the Muamalat iB is conducted by way of analyzing the customer individually, developer, market risk, finance and obedience. The Risk mitigation of musyarakah financing comprises finance risk, operational risk, legal risk, reputation risk, liquidation risk and market risk.
Keywords: Mitigation, Financing Risk of Musyarakah, Islamic Bank
Topic: Islamic Finance and Banking