Resilience through Risk Management: Insights from Islamic Banking under Economic Uncertainty

Abstract

This study aims to analyze the implementation of risk management practices in Islamic banking and their role
in maintaining financial stability amid uncertain economic conditions. The research examines how Islamic
banks listed on the Indonesia Stock Exchange manage various types of financial risks during the period 2023
2025. The research sample consists of four Islamic banks: PT Bank Syariah Indonesia Tbk, PT Bank BTPN
Syariah Tbk, PT Bank Panin Dubai Syariah Tbk, and PT Bank Aladin Syariah Tbk, selected through purposive
sampling. This study adopts a qualitative research approach using secondary data derived from annual reports.
The data analysis technique employed is thematic analysis based on the stages of risk management procedures,
which consist of risk identification, risk measurement and analysis, risk control and mitigation, and risk
monitoring and reporting. The findings reveal that all four banks have established comprehensive risk
identification frameworks aligned with regulatory requirements. The banks employ diverse approaches to risk
measurement utilizing both quantitative and qualitative methods, implement fundamental principles of
segregation of duties and dual control mechanisms, and maintain structured monitoring and reporting systems.
This research contributes to understanding the practical implementation of risk management in Islamic banking
and its implications for resilience building.