Risk Management Analysis of Future Package Financing (PMD) with a Murabaha Contract at PT. Bank BTPN Syariah Rantau Prapat Branch Office
DOI:
https://doi.org/10.35877/454RI.qems1919Keywords:
Risk Management, PMD Financing, Islamic BanksAbstract
This study aims to analyze the risk management of the Future Package (PMD) financing with a Murabaha contract at PT. Bank BTPN Syariah Rantau Prapat Branch Office. PMD is one of the financing products offered by Islamic banks, and a Murabahah contract is one of the financing mechanisms in the Islamic banking system. The research method used is a case study with a qualitative approach. Data was collected through interviews with related parties at PT. Bank BTPN Syariah Rantau Prapat Branch Office and analysis of documents related to risk management. The results of the research show that PT. Bank BTPN Syariah Rantau Prapat Branch Office has implemented good risk management in PMD financing with a Murabahah contract. The identified risks, such as credit risk, liquidity risk, operational risk and market risk, have been properly managed through various policies and procedures that have been established. However, there are several challenges faced by banks in managing PMD financing risks with Murabaha contracts, such as market fluctuations and regulatory changes that affect the Islamic banking business. This research is expected to contribute to the development of PMD financing risk management with a Murabaha contract at PT. Bank BTPN Syariah and provide insights for other Islamic financial institutions in managing risk more effectively and efficiently.
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Ahmad, Amaliayh. Risk Management of Murabahah Financing at Islamic People's Banks. Journal of Islamic Economics, 2018.
Alvan Fathony, Spiritual Counselor. Risk Management of Sharia Banking Murabahah Financing. At-Tahdzib Journal: Journal of Islamic Studies and Muamalah Volume 9 No 1, 2021.
Andrianto, and M. Anang Firmansyah. Sharia Bank Management, Surabaya: CV. Publisher Qiara Media, 2019.
Atiqi Chollisni Nasution, Abdullah Hafidzy. Risk Management Analysis on Murabahah Financing at BPRS Berkah. El-Ujrah: Journal Of Islamic Banking and Finance Vol. 01 No. 01, 2021.
Ayus Ahmad Yusuf, Abul Aziz. Operational management of Islamic Banks, Jakarta: Media Library, 2019.
Chen, H., Qin, L., Jiang, C., Qin, M., Sun, Y., & Luo, J. (2023). Characteristics, risk management and GMP standards of pharmaceutical companies in China. Frontiers in public health, 11, 1103555. https://doi.org/10.3389/fpubh.2023.1103555
Cut Ernita Julistia, Isra Hayati. Risk Management Analysis of Kpr Griya Financing with Murabahah Contracts at Bank Syariah Indonesia Kc Medan Gajah Mada. AKMAMI Journal (Accounting, Management, Economics,) Vol, 3 No3, 2022.
Ismail, Banking Management from Theory to Application, Jakarta: Kencana, 2018.
Jaka, Arifin. Islamic Economics in Indonesia, Bandung: Grafindo Media, 2021.
Karim, Adiwarman A. Islamic Bank of Fiqh and Financial Analysis, Jakarta: PT. Raja Grafindo Persada, 2019
Kurnia Zakia, Eva. Analysis of the Application of Risk Management in Murabahah Financing at PT. BPRS UMMU BANGIL Pasuruan. Thesis of the Department of Islamic Banking, Faculty of Islamic Economics and Business, Ponorogo State Islamic Institute, 2020.
Leu, Uma. Contracts in Sharia Economic Transactions, Journal: Faculty of Sharia and Law UIN Alauddin Makassar, 2019.
Li, G., Elahi, E., & Zhao, L. (2022). Fintech, Bank Risk-Taking, and Risk-Warning for Commercial Banks in the Era of Digital Technology. Frontiers in psychology, 13, 934053.https://doi.org/10.3389/fpsyg.2022.934053
Mio, C., Agostini, M., & Panfilo, S. (2022). Bank Risk Appetite Communication and Risk Taking: The Key Role of Integrated Reports. Risk analysis : an official publication of the Society for Risk Analysis, 42(3), 634–652. https://doi.org/10.1111/risa.13776
Muchtar, Masruri. Risk Analysis of Murabaha Contracts in Islamic Banking. Pknstan Journal 2021.
Mujiburrido. Risk Management of Murabahah Bil Wakalah Financing in the Sharia Financial Services Cooperative Muamalah Berkah Sejahtera Surabaya. Journal: Az Zarqa', Vol. 12, No. 2, 2020.
Mukhlis. Risk Management Analysis in Murabahah Financing at PT. Baiturrahman BPRS in Aceh Besar. LENTERA: Indonesian Journal of Multidisciplinary Islamic Studies Volume 3, Number 2, 2021.
Neneng Wahyuni, Farida Nuroktafiani. Implementation of Murabahah Financing Risk Management at Bank BNI Syariah KCP Kuningan. Journal of the Faculty of Islamic Sciences UNISA Kuningan Vol. 2, No. 2, 2022.
Nguyen, QK, & Dang, VC (2022). The impact of risk governance structure on bank risk management effectiveness: evidence from ASEAN countries. Heliyon, 8(10), e11192. https://doi.org/10.1016/j.heliyon.2022.e11192
Bank Indonesia Regulation No. 7/46/PBI/2005 concerning Contracts for Collection and Distribution of Funds for Banks conducting business activities based on sharia principles CHAPTER I General Provisions Article 1 Point 7.
Bank Indonesia Regulation No. 7/46/PBI/2005 concerning Contracts for Collection and Distribution of Funds for Banks conducting business activities based on sharia principles, Paragraph 2 of Article 9 Points (1) letters a,b,c,d,e,f,g,h, and Article 10 paragraphs (1) and (2).
Bank Indonesia Regulation No. 7/46/PBI/2005 concerning Contracts for Collection and Distribution of Funds for Banks conducting business activities based on sharia principles, Article 9 Paragraph (1) Letter d.
Bank Indonesia Regulation No. 7/46/PBI/2011
RT Yulianti, A. Bustami, N. Atiqoh and R. Anjellah. Comparative Study of Application of Risk Management of Financing Products in Islamic Microfinance Institutions. Journal of Syarikah P-ISSN 2442-4420 e-ISSN 2528-6935 Volume 4 Number 1, 2018.
Rina, (Community Officer BTPN Syariah Rantau Prapat Branch), Interview. May 24, 2023.
Rini, (BTPN Syariah Sentra Manager, Rantau Prapat Branch), Interview, Bima, May 22, 2023
Rivai, Veitzal Rifki Ismail. Islamic Risk Management For Islamic Banks, Jakarta: PT Gramedia Pustaka, 2013.
Roos Nelly, Saparuddin Siregar, Sugianto. Risk Management Analysis in Islamic Banks: Literature Review. Reslaj: Social Religious Education Journal of Laa Roiba, 2022.
Salman, (Business Coach BTPN Syariah Rantau Prapat Branch), Interview, Bima, May 22, 2023.
Soleh Mauludin, M. Risk Management Analysis to Reduce Moral Hazard BRI Syariah Pare Murabahah Financing Customers. El-Faqih: Journal of Islamic Thought and Law Volume 6, Number 2, 2020.
Ulpah, Mariya. Murabahah Contract Risk Management for BNI OTO IB Hasanah Financing Products at BSI Tangerang 2 During the Covid 19 Pandemic. Journal of Islamic Banking Thought Vol. 5 No. 2, 2022.
Veithzal Rivai. Islamic Financial Management: Theories, Concepts, and Practical Guide Applications for Financial Institutions, Customers, Practitioners, and Students, Journal of Ekomomi, 2021.
Wahyuni Sailah. Sharia Banking in Indonesia, Jakarta: Grafindo ,2020
Wang X. (2022). Analysis of Bank Credit Risk Evaluation Model Based on BP Neural Network. Computational intelligence and neuroscience, 2022, 2724842.https://doi.org/10.1155/2022/2724842
Wu, SW, Nguyen, MT, & Nguyen, PH (2022). Does loan growth impact on bank risk? Heliyon, 8(8), e10319. https://doi.org/10.1016/j.heliyon.2022.e10319
Yeni Salma Barlinti, Law of Islamic Engagement in Indonesia, First Printing, Jakarta: Prenada Media, 2020.
Zhang, Q., Chen, S., & Jin, Y. (2020). The impact of off-balance-sheet regulations on bank risk-taking: Evidence from China. Research in international business and finance, 54, 101297. https://doi.org/10.1016/j.ribaf.2020.101297
Published
2023-07-27
How to Cite
Hafe Eza Lubis, E., Batubara, M., & Arif, M. (2023). Risk Management Analysis of Future Package Financing (PMD) with a Murabaha Contract at PT. Bank BTPN Syariah Rantau Prapat Branch Office. Quantitative Economics and Management Studies, 4(5), 1045–1057. https://doi.org/10.35877/454RI.qems1919
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