The Use of Information Technology System for Risk Control at a Sharia Cooperative

Saiful Bakhri (1), Nur Asnawi (2), Ahmad Djalaluddin (3)
(1) Sekolah Tinggi Agama Islam Salahuddin Pasuruan
(2) Faculty of Economics, UIN Maulana Malik Ibrahim Malang
(3) Postgraduate Program, UIN Maulana Malik Ibrahim Malang
Fulltext View | Download
How to cite (SHIRKAH) :
Bakhri, S., Asnawi, N., & Djalaluddin, A. (2023). The Use of Information Technology System for Risk Control at a Sharia Cooperative. Shirkah: Journal of Economics and Business, 8(1), 48–59. https://doi.org/10.22515/shirkah.v8i1.516
The use of technology plays an unnegotiable role in the risk control of sharia cooperatives. Because almost all sharia cooperatives lack proper information technology systems, many cooperatives are unable to recognize the risks, particularly due to a lack of liquidity as well as a lack of managerial supervision and control over operational transactions carried out by officers. An improvement in the current information technology systems can replace these roles. This study analyzes the use of information technology systems in the financing, liquidity, and sharia compliance risk control in the BMT UGT Nusantara Cooperative, located in Pasuruan East Java. This descriptive qualitative involves informants of administrators, supervisors, managers, branch heads, and IT providers. With automatic notification system, applicant screening, application adjusting policies and regulation, this study indicates that upgrading information technology systems are critical to minimizing risks and lowering the ratio of non-performing financing. It also eases the applicants as well as the institution in the process of application and screening as well as an installment payment.

Agha, S. E. U., & Sabirzyanov, R. (2015). Risk management in Islamic finance: An analysis from objectives of shari’ah perspective. International Journal of Business, Economics and Law, 7(3), 46-52. https://www.researchgate.net/publication/303372924_Risk_Management_in_Islamic_Finance_An_Analysis_from_Objectives_of_Shari'ah_Perspective

Anwar, A. Z., & Susilo, E. (2015). Implementasi Manajemen Risiko Likuiditas Lembaga Keuangan Mikro Syariah (Studi Kasus Bmt Aman Utama Jepara). Jurnal Dinamika Ekonomi & Bisnis, 12(2). https://doi.org/10.34001/jdeb.v12i2.372

Asharpur, H., Kohnehshahri, L.A. & Karami, A. (2007) The relationship between interest rates and inflation changes: An analysis of long-term interest rate dynamics i developing countries. International Economic Conference on Trade and Inductry (IECTI) 2007, 3-5 December 2007, Bayview Hotel Georgetown, Penang. https://repo.uum.edu.my/id/eprint/2416

Busthomi, A. A., & Hendratmi, A. (2017). Manajemen risiko pembiayaan ijarah pada koperasi syariah pilar mandirisurabaya. Jurnal Ekonomi Syariah Teori dan Terapan, 4(7), 547-559. https://doi.org/10.20473/vol4iss20177pp547-559.

Bakhri, S., & Alwi, M. A. (2021). Analisis manajemen risiko likuiditas dimasa pandemi pada lembaga keuangan mikro syariah (Studi Kasus BMT maslahah). Jurnal Tasorruf, 1(1), 10–26. http://download.garuda.kemdikbud.go.id/article.php?article=3036342&val=27531&title=Analisis%20Manajemen%20Risiko%20Likuiditas%20Dimasa%20Pandemi%20pada%20lembaga%20Keuangan%20Mikro%20Syariah%20Studi%20Kasus%20BMT%20Maslahah

Bonita, S. D., & Anwar, A. Z. (2018). Implementasi Syariah Compliance pada Akad Murabahah dan Ijarah (Studi Kasus Pada KSPPS BMT Fastabiq Jepara). JESI (Jurnal Ekonomi Syariah Indonesia), 7(2), 88–97. http://dx.doi.org/10.21927/jesi.2017.7(2).90-99

Budiman, B. (2018). Akses dan penggunaan teknologi informasi dan komunikasi pada rumah tangga dan individu. Jurnal PIKOM (Penelitian Komunikasi Dan Pembangunan), 15(1), 1–16. https://doi.org/10.31346/jpikom.v15i1.1323

Denzin, N. (1978). Sociological methods: A sourcebook. McGraw Hill. https://www.worldcat.org/title/sociological-methods-a-sourcebook/oclc/3516374

Hidayat, W. (2019). Implementasi Manajemen Resiko Syariah Dalam Koperasi Syariah. Jurnal Asy-Syukriyyah, 20(2), 30–50. https://doi.org/10.36769/asy.v20i2.80

Isa, I. G. T., & Hartawan, G. P. (2017). Perancangan aplikasi koperasi simpan pinjam berbasis web (STUdi kasus Koperasi Mitra Setia). Jurnal Ilmiah Ilmu Ekonomi, 5(10), 139-151. http://eprints.ummi.ac.id/60/

Karyadiputra, E. (2016). Aplikasi sistem informasi koperasi berbasis jasa keuangan syariah. Technologia, 7(3), 142-148. http://dx.doi.org/10.31602/tji.v7i3.628

Layaman, L., & Andriyani, N. (2017). Analisis Penggunaan Teknologi Informasi Serta Dampaknya Pada Kepuasan Nasabah Bank Jabar Banten Syariah Cirebon. Al-Amwal: Jurnal Ekonomi Dan Perbankan Syari’ah, 9(1). http://doi.org/ 10.24235/amwal.v9i1.1638

Lisa, O. & Hermanto, B. (2018). Determinant financing risk - Study on sharia cooperative incorporated in Inkopsyah. In Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study (JCAE 2018) - Contemporary Accounting Studies in Indonesia, 276-286 https://www.academia.edu/70782594/Determinant_Financing_Risk_Study_on_Sharia_Cooperative_incorporated_in_Inkopsyah

Miles, M. B., & Huberman, A. M. (1992). Analisis data kualitatif. Jakarta: UI press.

http://doi.org/10.18592/alhadharah.v17i33.2374

Permana, E. K. O. L. (2018). Penerapan manajemen risiko pembiayaan dalam menjaga likuiditas dan solvabilitas bmt (studi pada bmt bina ihsanul fikri yogyakarta) Liquidity Risk. [Bachelor Thesis Universitas Islam Yogyakarta]. https://dspace.uii.ac.id/bitstream/handle/123456789/12812/Skripsi_14423052.pdf?sequence=2&isAllowed=y

Reciprocity. (2020, December 15). What is risk control?. https://reciprocity.com/resources/what-is-risk-control/

Satori, D., & Komariah, A. (2009). Metodologi penelitian kualitatif. Alfabeta. http://kin.perpusnas.go.id/DisplayData.aspx?pId=42664&pRegionCode=JIUNMAL&pClientId=111

Soraya, S. G., Agung, A. A. G., & Abdillah, J. (2015). Aplikasi pengelolaan dan penagihan pembiayaan menggunakan Web dan SMS Gateway. Jurnal Teknologi Informasi, 2(3), 79-86. journals.telkomuniversity.ac.id/jti/article/view/509

Sugiyono. (2009). Kualitatif, dan R&D. Alfabeta. http://inlislite.undiksha.ac.id/opac/detail-opac?id=2423#

Susilo, S. A., & Septiarini, D. F. (2015). Manajemen risiko likuiditas di BMT ABC jawa Timur. Jurnal Ekonomi Syariah Teori Dan Terapan, 2(6), 481–495. http://doi.org/10.20473/vol2iss20156pp481-495

Ubaidi, A., Sugianto, A., & Manan, Y. M. (2020). Peran dewan pengawas syariah terhadap implementasi good corporate governance di KSPPS Bumi Meranti Wangi. Jihbiz: Jurnal Ekonomi, Keuangan Dan Perbankan Syariah, 4(2), 124–135. https://doi.org/10.33379/jihbiz.v4i2.854

Umami, F. (2019). Analisis Risiko Kepatuhan Terhadap Produk Deposito Mudharabahdi PT. BPRS Aman Syariah Lampung Timur. IAIN Metro. https://repository.metrouniv.ac.id/id/eprint/658

Zulkifli, Z., Hamzah, Z., & Hamzah, H. (2016). Analisa permasalahan baitul maal wat tamwil (BMT) melalui pendekatan analytical network process (ANP). Al-Hikmah: Jurnal Agama Dan Ilmu Pengetahuan, 13(1), 18–29. https://doi.org/10.25299/al-hikmah:jaip.2016.vol13(1).1162

Copyright

Copyright aims to protect the specific way the article has been written to describe an experiment and the results. Shirkah: Journal of Economics and Business is committed to its authors to protect and defend their work and their reputation and takes allegations of infringement, plagiarism, ethical disputes, and fraud very seriously. Automotive Experiences is published under the terms of the Attribution-NonCommercial 4.0 International (CC BY-NC 4.0). Authors retain copyright and grant the journal right of first publication (online and print) with the work simultaneously. We use the restrictive license (non-commercial) as follows:

BY (attribution): Users are allowed to share, distribute and redistribute the published article in any medium or format, with an identification of the authors and its initial publication in this journal. Authors are encouraged to post and distribute their articles immediately after publication (e.g., institutional or public repositories, personal websites). Authors are allowed to enter into additional contractual arrangements for the non-exclusive distribution of the published and an acknowledgment of its initial publication in this journal.
NC (non-commercial): Users are not allowed to use the article commercially without the permission of the authors. Authors agree explicitly that the published article is indexed worldwide in databases, repositories and indexation services, even if these services operate on a commercial basis. Authors grant Shirkah: Journal of Economics and Business explicit the right to include the published articles in databases, repositories and indexation services. 

License

License to Publish

The non-commercial use of the article will be governed by the Attribution-NonCommercial 4.0 International (CC BY-NC 4.0). The author hereby grants Shirkah: Journal of Economics and Business an exclusive publishing and distribution license in the manuscript include tables, illustrations or other material submitted for publication as part of the manuscript (the “Article”) in print, electronic and all other media (whether now known or later developed), in any form, in all languages, throughout the world, for the full term of copyright, and the right to license others to do the same, effective when the article is accepted for publication. This license includes the right to enforce the rights granted hereunder against third parties.

Author's Warranties

The author warrants that the article is original, written by stated author/s, has not been published before, contains no unlawful statements, does not infringe the rights of others, is subject to copyright that is vested exclusively in the author and free of any third party rights, and that any necessary written permissions to quote from other sources have been obtained by the author(s).

User Rights

Under the Creative Commons Attribution-Non Commercial 4.0 International (CC BY-NC 4.0) license, the author(s) and users are free to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material). Users must give appropriate credit, provide a link to the license, and indicate if changes were made.

Rights of Authors

Authors retain the following rights:

  1. Copyright, and other proprietary rights relating to the article, such as patent rights,
  2. The right to use the substance of the article in future own works, including lectures and books,
  3. The right to reproduce the article for own purposes, provided the copies are not offered for sale, and
  4. The right to self-archive the article.

Co-Authorship

If the article was prepared jointly with other authors, the signatory of this form warrants that he/she has been authorized by all co-authors to sign this agreement on their behalf, and agrees to inform his/her co-authors of the terms of this agreement.

Royalties

This agreement entitles the author to no royalties or other fees. To such extent as legally permissible, the author waives his or her right to collect royalties relative to the article in respect of any use of the article by Shirkah: Journal of Economics and Business or its sublicensee.

Miscellaneous

Shirkah: Journal of Economics and Business will publish the article (or have it published) in the Journal if the article’s editorial process is successfully completed and Shirkah: Journal of Economics and Business or its sublicensee has become obligated to have the article published. Shirkah: Journal of Economics and Business may conform the article to a style of punctuation, spelling, capitalization, and usage that it deems appropriate.