Mashlahah in Financing Risk Measurement on Sharia Financing Institutions

Salmah Said, A. SYATHIR SOFYAN

Abstract


The crisis of confidence in the credit rating agency forced Islamic financing institutions to apply risk measurement methods independently and renewed the study of credit risk measurement. This research discusses mashlahah in measuring financing risk. This research is a mixed method by combining quantitative methods to measure risk by utilizing CreditRisk+ and qualitative ones in analyzing mashlahah on these measurements. This study found that there is a mashlahah in it, namely 1) Tahdib al-Fard, that is making a financial institution capable of independently measuring the risk of its own financing; 2) Iqamah al-Adl, with independent measurement will create information justice, by comparing measurement results both internally and externally. 3) Mashlahah itself (public interest), with internal risk measurement will reduce systemic risk. In the future, the measurement of risk in Islamic financing institutions needs to consider the use of combined method between conventional method and sharia concept to provide more thorough and comprehensive solutions to be optimal in solving financing risk problems faced by customers.


Keywords


Keywords: Risk measurement, CreditRisk+, Mashlahah

References


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DOI: http://dx.doi.org/10.21043/iqtishadia.v12i2.4992

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