Efektivitas manajemen risiko pembiayaan mudharabah dalam menekan risiko moral hazard pada perbankan syariah

Abstract

This study aims to evaluate the effectiveness of risk management in mudharabah financing in Islamic banking in reducing moral hazard risk. Mudharabah is a profit-sharing based contract that is prone to risk because it does not require collateral and depends on trust between the bank and the customer. The moral hazard risk in this contract arises due to information asymmetry and weak bank control over the customer's business activities, which can lead to misuse of funds and manipulation of financial reports. This study examines the risk management strategies implemented by Islamic banks, including the pre-contract, during the contract, and post-contract stages. In practice, banks apply the 5C principle, the principle of prudence (prudential banking), field monitoring, utilization of financial technology, education for customers, and strengthening communication. These strategies have been proven to minimize moral hazard risk and increase accountability and the success of mudharabah financing. This study contributes to strengthening the governance of Islamic financing that is safer, more transparent, and more sustainable.