Mashlaha in Financing Risk Measurement in Sharia Financing Institutions

Abstract

<p><em>The crisis of confidence in the credit rating agency forced Islamic financing institutions to apply risk measurement methods independently and renewed the study of credit risk measurement. Moreover, this research also discusses mashlaha (public interest) in measuring financing risk. This research </em><em>use</em><em>s a mixed method</em><em> approach, </em><em>combining quantitative methods to measure risk by utilizing CreditRisk+</em><em>,</em><em> and qualitative </em><em>methods</em><em> in analyzing mashlaha </em><em>i</em><em>n these measurements. This study revealed that CreditRisk+</em> <em>is able to measure financing risk accurately.</em><em> This study also found that there is mashlaha as part of </em><em>maqashid al-sharia</em><em> in risk measur</em><em>e</em><em>ment</em><em>, namely 1) Tahdzib al-Fard, that mak</em><em>es</em><em> a financial institution capable of independently measuring the risk of its own financing; 2) Iqamah al-Adl, independent measurement will create information justice by comparing measurement results both internally and externally. 3) Mashlaha itself, with internal risk measurement</em><em>,</em><em> will reduce systemic risk. </em><em>The i</em><em>mplications of this study is </em><em>the use of mashlaha in analyzing financing risk provides more stringent prudential in the measurement of financing risk</em><em>.</em></p>

Penyaluran Dana Bank Syariah Melalui Pembiayaan Murabahah, Istishna, dan Ijarah Sebelum dan Selama Pandemi Covid 19

“…Salah satu contoh yang dilakukan bank syariah masih tetap memberikan pelayanan kepada usaha mikro kecil dan menengah dari segi pembiayaan (Tubastuvi, 2018). Hal ini dapat memberikan kemungkinan adanya risiko pembiayaan ketika dilakukan pada saat situasi pandemi covid-19 saat ini, seperti penjelasan (Said et al, 2019) yang mengatakan bahwa perlunya identifikasi risiko yang ditimbulkan dari pembiayaan syariah dengan cara mengukur melalui tingkat kemaslahatan.…”