Model Manajemen Risiko Terintegrasi pada Koperasi Syariah di Indonesia

Abstract

This study aims to formulate an integrated risk management model for sharia cooperatives by examining best practices from several successful cooperatives in Indonesia, particularly BMT UGT Sidogiri, KSPPS Suara Hati East Java, and Koperasi As Sakinah Sidoarjo. A qualitative approach was employed using comparative case studies and thematic analysis of the implementation of prudential principles (5C), SWOT analysis, and Maqasid Shariah values within risk mitigation processes. The findings reveal that successful sharia cooperatives consistently rely on three key pillars of risk governance: (1) stringent financing SOPs grounded in the 5C principle, (2) structured internal and sharia-based supervision, and (3) a cooperative culture rooted in trust, collectivism, and integrity that strengthens members’ compliance and financing quality. The integration of these three approaches effectively reduces financing risks, maintains liquidity stability, and enhances institutional resilience in navigating economic fluctuations. This study offers an integrated conceptual model of risk management that can be replicated by other sharia cooperatives seeking to strengthen their governance and long-term sustainability.