RISK MANAGEMENT AT THE MICRO WAQF BANK (BWM) BERKAH RIZQI LIRBOYO CITY OF KEDIRI
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Aug 31, 2023
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Abstract
Financial inclusion has been a policy focus in Indonesia for the last decade. To improve the financial inclusion index, the President of the Republic of Indonesia with OJK launched the Bank Wakaf Mikro (BWM). So far, 62 BWMs have been established in Indonesia with a total of 62 thousand beneficiaries and total financing of IDR100.6 billion. One that has successfully increased financial inclusion is BWM Berkah Rizqi Lirboyo in Kediri City, which received the 2019 TPAKD Award. BWM Berkah Rizqi Lirboyo uses the Qardh al-hasan contract. Although it is nonprofit, BWM must be able to manage risks or uncertainties. For this reason, there must be a risk management strategy to avoid default. By using a realist ethnographic qualitative approach, this research aims to get an overview of how risk management at BWM Berkah Rizqi Lirboyo is carried out and how the interaction between administrators and borrowers so that NPL are 0%. The findings in the field show that the risk management chosen by BWM Berkah Rizqi Lirboyo is to control risk and transfer financing risk. In addition, it utilizes social capital to reduce information asymmetry.
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WICAKSONO, Adi; ANGGRAINI, Reni.
RISK MANAGEMENT AT THE MICRO WAQF BANK (BWM) BERKAH RIZQI LIRBOYO CITY OF KEDIRI.
Proceedings of the International Conference of Islamic Economics and Business (ICONIES), [S.l.], v. 9, n. 1, p. 27-36, aug. 2023.
ISSN 2541-3333.
Available at: <http://conferences.uin-malang.ac.id/index.php/iconies/article/view/2190>. Date accessed: 02 may 2024.
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References
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Windiani dan Farida Nurul R. 2016. Menggunakan Metode Etnografi Dalam Penelitian Sosial. Dimensi, (2016), Vol 9(2): 87-92
Bennouna, Ghita and Mohamed Tkiouat. (2019). Scoring in Microfinance: Credit Risk Management Tool –Case of Morocco-. Peer-review under responsibility of the scientific committee of the Second International Conference on Intelligent Computing in Data Sciences (ICDS 2018). 10.1016/j.procs.2019.01.025
Cornett, Marcia Millon, Kristina Minnick, Patrick J. Schorno, and Hassan Tehranian. (2021). Bank Consumer Relations and Social Capital. Journal of Banking and Finance 133 (2021) 106272 https://doi.org/10.1016/j.jbankfin.2021.106272
Creswell, J. W. 2012, Educational research: Planning, Conducting, and Evaluating Quantitative and Qualitative Research (4th ed.). Boston, MA: Pearson.
Deng, Lu, Ping Jiang, Sifei Li, and Mingqing Liao. (2019). Social Capital and Access to Informal Finance – Evidence from Chinese Private Firms. Accounting & Finance 59 (2019) 2767–2815. doi: 10.1111/acfi.12586
Haidhir, Abdullah. (2007). Terjemahan Hadits Arba'in Nawawiyah Karya Muhyiddin Yahya Bin Syaraf Nawawi. Maktab Dakwah Dan Bimbingan Jaliyat Rabwah
Hanafi, Mamduh M. (2021). Manajemen Risiko. Yogyakarta: UPP STIM YKPN
Jha, Anand. (2017). Financial Reports and Social Capital. Springer Science+Business Media Dordrecht 2017 DOI 10.1007/s10551-017-3495-5
LKMSBWM. (2023). Statistik Data Nasional. Diakses pada http://lkmsbwm.id/data_nasional
Misman, Faridah Najuna, Ishaq Bhattib, Weifang Loub, Syamsyul Samsudina, Nor Hadaliza Abd Rahmana. (2015). Islamic Banks Credit Risk: A Panel study. International Accounting and Business Conference 2015, IABC 2015 doi: 10.1016/S2212-5671(15)01133-8
Nugrahana, Yuninda Roro Yekti dan Irham Zaki. (2020). The Role of Micro Waqf Bank in The Pandemic Era of Covid-19. Jurnal Ekonomi Syariah Teori dan Terapan p-ISSN: 2407-1935, e-ISSN: 2502-1508. Vol. 7 No. 9 September 2020: 1731-1742; DOI: 10.20473/vol7iss20209pp1731-1742
OJK. 2023. Literasi Keuangan. Diakses pada https://www.ojk.go.id/id/kanal/edukasi-dan-perlindungan-konsumen/Pages/Literasi-Keuangan.aspx
OJK. 2023. Mengenal Bank Wakaf Mikro. https://sikapiuangmu.ojk.go.id/FrontEnd/CMS/Article/40692
OJK. (2021). Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 19 /POJK.05/2021 Tentang Penyelenggaraan Usaha Lembaga Keuangan Mikro
OJK. 2016. Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 76/POJK.07/2016 tentang Peningkatan Literasi dan Inklusi Keuangan di Sektor Jasa Keuangan bagi Konsumen dan/atau Masyarakat.
Onodugo, Chike, Ifeoma Onodugo, Anastasia Ogbo, Henry Okwo, and Charles Ogbaekirigwe. (2021). Moderating Role of Social Capital on The Effect of Financial Behavior on Financial Inclusion. Problems and Perspectives in Management, 19(3), 502-512. doi:10.21511/ppm.19(3).2021.41
Pemerintah Republik Indonesia. 2013. Undang-Undang Nomor 1 Tahun 2013 tentang Lembaga Keuangan Mikro (Lembaran Negara Republik Indonesia Tahun (2013) Nomor 12, Tambahan Lembaran Negara Republik Indonesia Nomor 5394).
Putnam, R. D., and Leonardi, D. R. (1994). Making Democracy Work: Civic Traditions in Modern Italy. Contemp. Sociol. 26, 306–308. doi: 10.2307/j.ctt7s8r7
Putri, Syah Amelia Manggala, Eka Jati R. Firmansyah, Safaah Restuning Hayati. (2023). Islamic Microcredit-based Financing Analysis: A Study of Islamic Banking in the Special Region of Yogyakarta. http://www.journal.iaincurup.ac.id/index/alfalah DOI: 10.29240/alfalah.v8i1.6842
Rahmanto, Dhidhin Noer Ady dan Nasrulloh. 2019. Risiko dan peraturan: fintech untuk sistem stabilitas keuangan. INOVASI, 15 (1) (2019), 44-52 http://journal.feb.unmul.ac.id/index.php/INOVASI
Simatele, Munacinga and Loyiso Maciko. Financial Inclusion in Rural South Africa: A Qualitative Approach. Journal of Risk and Financial Management 15: 376. https://doi.org/10.3390/jrfm15090376
Warner, Koko, Laurens M. Bouwerb, Walter Ammann. (2007). Financial Services and Disaster Risk Finance: Examples From the Community Level. 2007 Elsevier Ltd. All rights reserved. doi:10.1016/j.envhaz.2007.04.006
Wijaya, Hengki. (2018). Analisis Data Kualitatif Model Spradley (Etnografi). https://repository.sttjaffray.ac.id/es/publications/269015/analisis-data-kualitatif-model-spradley-etnografi
Windiani dan Farida Nurul R. 2016. Menggunakan Metode Etnografi Dalam Penelitian Sosial. Dimensi, (2016), Vol 9(2): 87-92