Analysis of Islamic Banking Risk Management During Economic Disruptions: Evidence from the COVID-19 Pandemic

Maratus Sholikah; Nurwahidin Nurwahidin

doi:10.55927/ijbae.v4i2.46

Authors

Maratus Sholikah Universitas Indonesia
Nurwahidin Nurwahidin Universitas Indonesia

DOI:

https://doi.org/10.55927/ijbae.v4i2.46

Keywords:

Banking, Risk Management, Covid-19

Abstract

This study aims to analyze the risks experienced by Islamic banking during the COVID-19 pandemic which has resulted in global economic uncertainty, making it vulnerable to risks that have quite an impact on the Islamic banking industry. Through a descriptive qualitative method, the author explores 4 risks in Islamic banking, including financing risk, liquidity risk, operational risk and systemic risk. The results of the study show that Islamic banks during the pandemic experienced a decline in profitability and an increase in NPF but were still quite stable in terms of financing so that they were not quite risky. Profit sharing contracts have quite an effect on reducing the impact of financing risk. While in terms of liquidity risk, the high FDR poses a fairly high liquidity risk to Islamic banks. In terms of operations, Islamic banks have a higher Operating Costs to Operating Income (BOPO) ratio, reflecting a lower level of operational efficiency. Islamic banks also have limited exposure to high-risk derivative instruments and focus on the real sector, thus reducing the potential for systemic linkages.

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