Implementation Analysis of Risk Management for Profit Sharing of Musharaka in PT. BRI Syariah Pekanbaru

This study aims to analyze the implementation of risk management for profit sharing financing of musharakah (Islamic joint venture), to identify factors that become obstacles in the implementation of musharakah financing in PT. BRI Syariah Pekanbaru, and to find out solution that is provided by BRI Syariah so that occurred constraints do not pose a risk of loss. The method of carrying out the study is a field research, which is descriptive analytical with qualitative descriptive approach. The data sources were primary and secondary data, while the data collection techniques were done by using interview and documentation. Data processing techniques were done after all data were obtained then the data were analyzed carefully and thoroughly before presenting them in the form of a complete and perfect report. Based on the results of the study, it is found that; first, the implementation of risk management in BRI Syariah has been implemented as the applicable procedure to the bank that is by implementing the POAC procedure (Planning, Organizing, Actuating, and Controlling). However, after the financing is done in a matter of months there are various problems. Problems in the bank are lack of control over the development of customer business due to the distance of customers who are too far from the branch office of BRI Syariah Pekanbaru and lack of control on where customers use the funds disbursed by the bank. Moreover, customers are not upholding trusts in using musharakah financing and dishonest about the financial statements of theirs business. These cause arrears/loss in customers’ installment payments every month. The findings show that problem of repayment arrears that occurred in musharakah financing in BRI Syariah Pekanbaru causes the development of musyarakah financing seemed slow. For that reason, the bank is more interested on other financing contracts such as murabahah. As solution to the problem, the bank implements risk management effectively and the quality of risk management can be assessed from several aspects, namely risk management, risk management framework, risk management process, and adequacy of risk control syste