Peran divisi internal control pada lembaga keuangan mikro syariah

Abstract

This research is based the rapid development of sharia microfinance institution which is imbalance with management professionalism.The purpose of this research is to comprehensively investigate internal control conditions in Sharia microfinance institutions. This research uses qualitative method with a case study approach. The data collection process is conducted through interviews, internal control report data and Focus Group Discussion (FGD). Data analysis is done by a heuristic case study method. The informants in this study were five staffs of internal Control Division and operational manager of BMT X. The results shows that the role of the (Internal Control (IC) division is to ensure the efficiency and effectiveness of management operations with a view to minimize the potential of fraud that can lead to the bankruptcy of BMT X. Besides, a process of strengthening the IC division is also required to be conducted through training. The IC Division was also mitigating internal risks and external risks. The internal risks encountered by sharia microfinance institutions include human resources, institutional and systems. External risks originating from outside conditions of the sharia microfinance institutions are financial technology developments and profit sharing levels.