The Significance of Risk Management in Reducing Losses and Strengthening The Institutional Structure of Islamic Financial Institutions
Keywords:
DPS, Sharia compliance, sharia banking, sharia audit proceduresAbstract
This study examines the role of DPS in ensuring Sharia compliance in Indonesian Islamic banking. This study employs the library research method (library research). The primary source of data in this study is library material, which is the primary reference for the topic of this paper. The author conducts a search in the library for materials related to the discussion of this problem, such as articles, journals, and books, and then conducts an analysis. This analysis was conducted using a descriptive analytic approach, which means that the researcher attempted to describe and solve the problems that were discovered. According to the study's findings, three issues concerning the DPS's duties must be addressed: the problem of competence and qualifications; independent problems; and the problem of implementing sharia audit procedures. The author makes recommendations in response to these issues, including standardizing a DPS's competence and qualifications; independent issues that must be clearly regulated in OJK and internal sharia bank regulations; and the problem of sharia audit implementation procedures that must be equated nationally in sharia banking.
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