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All Journal Accounting Global Journal Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam
Widhyasti, Sasti Anjana
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Economics, Econometrics & Finance

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Synergy of Risk Handling: Shaping Financial Performance in Sharia Cooperatives Sari, Yuli Indah; Widhyasti, Sasti Anjana
IQTISHADIA Vol 18, No 2 (2025): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v18i2.34087

Abstract

Sharia cooperatives in Indonesia remain vulnerable to various risks, particularly those that affect their financial performance. Therefore, this study aims to examine the influence of risk management in greater detail through the dimensions of identification, monitoring, and mitigation, as well as the role of Islamic governance in shaping the financial performance of sharia cooperatives. The sample was determined using purposive sampling and the Slovin method. Out of 118 cooperatives under Baitul Maal wat Tamwil Bina Ummat Sejahtera (BMT BUS), 105 met the eligibility criteria for analysis using Partial Least Squares (PLS). The findings reveal that risk identification, risk monitoring, risk mitigation, and Islamic governance have a significant positive impact on the financial performance of sharia cooperatives. These results provide valuable insights for cooperative managers, highlighting the importance of strengthening risk management systems—particularly in identification, monitoring, mitigation, and governance—to safeguard financial performance against potential losses arising from risks. This study offers original insights by providing a detailed exploration of risk management and Islamic governance within the context of sharia cooperatives in Indonesia.
Risk Identification And Risk Analysis Effects On BMT Financial Performance With Islamic Corporate Governance as A Moderator Sari, Yuli Indah; Widhyasti, Sasti Anjana; Bakti, Ilham Teruna; Hapsari, Vinandri; Riyadi, Sugeng
Accounting Global Journal Vol. 10 No. 1 (2026): Accounting Global Journal
Publisher : Badan Penerbit Universitas Muria Kudus

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Abstract

The role of Islamic financial institutions has been confirmed as crucial in supporting Indonesia's economic growth, especially in improving the welfare of micro-communities through providing easy access to financing. However, in the current era of digitisation, Islamic finance faces potential threats related to operational closures due to an inadequate handling of risks. Thus, the purpose of this study is to investigate how risk identification and analysis affect financial performance as well as how Islamic corporate governance (ICG) influences the impact of risk management on financial performance. BMT Bina Umat Sejahtera is the subject of the study. Purposive sampling and the Slovin method were employed as the sampling techniques, and a total of 105 respondents were successfully recruited. The research findings indicate that financial performance is significantly improved by risk detection and analysis. Meanwhile, ICG is not a moderating variable as it does not have a significant effect. The practical implications for the Islamic financial industry emphasise the importance of risk identification and analysis, as well as the development of ICG to strengthen its role in enhancing financial performance. Keywords: Risk Identification, Risk Analysis, Corporate Governance, Financial Performance
Co-Authors Bakti, Ilham Teruna Hapsari, Vinandri Sari, Yuli Indah Sugeng Riyadi