Liquidity Management Strategy for Mudharabah Deposit Products at BPRS Muamalat Harkat Bengkulu
Keywords:
Liquidity management strategy, mudharabah deposit, Islamic rural bank, liquidity risk, Islamic banking.
Abstract
Liquidity determines the operational sustainability of a bank, including Islamic rural banks (BPRS), because mudharabah time deposits must be available when they mature. This study analyzes the liquidity management strategies applied by BPRS Muamalat Harkat Bengkulu to its mudharabah deposit product, together with the factors that support and hinder their implementation. This descriptive qualitative field research collected data through interviews, observation, and documentation involving eight purposively selected informants (three bank officers and five deposit customers). The data were analyzed with the interactive model of Miles, Huberman, and Saldaña and checked through triangulation. The findings show that the bank safeguards the availability of funds at maturity by balancing collected deposits and financing disbursed (Asset-Liability Management), considering liquidity reserves, handling potential liquidity pressure, projecting cash flows, matching maturities, and monitoring the Financing to Deposit Ratio (FDR) and cash flows, while remaining guided by sharia principles. Supporting factors are inter-division coordination, the care and capability of human resources, management policy, and information system support. Hindering factors are changes in customers' funding needs driven by economic conditions, clustered deposit withdrawals, changes in regulatory provisions, and the accuracy of administrative data. The strategies emerged at the level of principles and practices, while the details of written policies were not revealed in the interviews.
References
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Sugiyono. (2023). Metode penelitian kualitatif [Qualitative research methods]. Bandung: Alfabeta.
Sutrisno. (2025). The effect of liquidity risk, capital and third-party fund on bank performance with credit risk as intervening variable: Cases in conventional bank in Indonesia. Siasat Bisnis, 29(1), 58–67. https://doi.org/10.20885/jsb.vol29.iss1.art5
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Wati, R., & Fasa, M. I. (2024). Manajemen risiko likuiditas: Jaminan keberlanjutan dan ketahanan bank syariah di era krisis moneter. MAMEN: Jurnal Manajemen, 3(4), 389–402. https://doi.org/10.55123/mamen.v3i4.4270
Interview with Agung Fajri, Head of Cash Office, Funding Officer, and Customer Service, BPRS Muamalat Harkat Bengkulu, August 25, 2026.
Interview with Deri Haspriyanti, Director, BPRS Muamalat Harkat Bengkulu, September 29, 2026.
Interview with Hetmawati, mudharabah deposit customer, BPRS Muamalat Harkat Bengkulu, September 21, 2026.
Interview with Mulyana, Head of Operations, BPRS Muamalat Harkat Bengkulu, September 28, 2026.
Interview with Rathi Yusnovia, mudharabah deposit customer, BPRS Muamalat Harkat Bengkulu, September 29, 2026.
Ahmed, U. (2023). An assessment of the effectiveness of Islamic inter-bank money market instruments in Oman. Azka International Journal of Zakat & Social Finance, 4(1), 1–12.
Al-Ghifari, A. D., & Siregar, P. A. (2023). Analisis penerapan konsep asset and liability management dengan sistem perbankan syariah di Indonesia. VISA: Journal of Vision and Ideas, 3(3), 464–472. https://doi.org/10.47467/visa.v3i3.553
Annisa, & Rani. (2024). Factors determining third party funds of Islamic commercial banks in Indonesia. Jurnal Ekonomi Syariah Teori dan Terapan, 11(2), 179–199. https://doi.org/10.20473/vol11iss20242pp179-199
Azka, R., et al. (2025). The influence of specific, macroeconomic and ESG factors on banking liquidity risk in Indonesia. Almana: Jurnal Manajemen dan Bisnis, 9(2), 388–400. https://doi.org/10.36555/almana.v9i2.2892
Bashir, R., & Azeez, A. A. (2022). Risk management practices of Islamic and conventional banks of Pakistan: A comparative study. The International Journal of Banking and Finance, 17(2), 57–90.
Elfadhli. (2012). Manajemen likuiditas perbankan syariah. Juris, 11(1), 54–63.
Financial Services Authority. (2014). Peraturan Otoritas Jasa Keuangan Nomor 8/POJK.03/2014 tentang Penilaian Tingkat Kesehatan Bank Umum Syariah dan Unit Usaha Syariah [OJK Regulation No. 8/POJK.03/2014 on the Soundness Assessment of Islamic Commercial Banks and Islamic Business Units]. Jakarta: OJK.
Financial Services Authority. (2016). Peraturan Otoritas Jasa Keuangan Nomor 65/POJK.03/2016 tentang Penerapan Manajemen Risiko bagi Bank Umum Syariah dan Unit Usaha Syariah [OJK Regulation No. 65/POJK.03/2016 on the Implementation of Risk Management for Islamic Commercial Banks and Islamic Business Units]. Jakarta: OJK.
Firdausha, F. N. (2026). Efektivitas ALMA dalam menjaga likuiditas dan ketahanan bank. Jurnal Ekonomi Manajemen dan Bisnis, 3(5), 9–21.
Hendri, Z., et al. (2025). Cash flow risk and financial balance: Evidence from Islamic rural banks in Indonesia. Economica: Jurnal Ekonomi Islam, 16(1), 171–190. https://doi.org/10.21580/economica.2025.16.1.25835
Miles, M. B., Huberman, A. M., & Saldaña, J. (2014). Qualitative data analysis: A methods sourcebook (3rd ed.). SAGE Publications.
Ministry of Religious Affairs of the Republic of Indonesia. (2019). Al-Qur’an dan terjemahannya [The Qur’an and its translation]. Jakarta: Kementerian Agama RI.
Muliji, L., Kurniasih, E. P., & Yacoub, Y. (2024). Key drivers of profit sharing rates in mudharabah time deposits: Evidence from Islamic banks in Indonesia. Sebelas Maret Business Review, 9(2), 127–138.
Nastiti, H. M., & Cupian. (2024). Meninjau manajemen risiko dan tingkat kesehatan bank syariah. Jurnal Ilmiah Ekonomi Islam, 10(2), 2010–2019. https://doi.org/10.29040/jiei.v10i2.13465
National Sharia Board of the Indonesian Ulema Council. (2000). Fatwa DSN-MUI No. 03/DSN-MUI/IV/2000 tentang Deposito [DSN-MUI Fatwa No. 03/DSN-MUI/IV/2000 on Deposits]. Jakarta: DSN-MUI.
Naufal, T. A., Hismendi, & Fauzan, A. (2024). Analisa penerapan deposito dan penempatan antar bank yang bebas riba di bank syariah (studi kasus pada industri BPRS di Provinsi Aceh). Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi, (1), 269–293.
Nur, A., Purnamasari, F., & Nurmalia, G. (2025). Effect of SCnP financial performance on third-party funds growth in Indonesian Islamic banks (2017–2023). Journal of Islamic Banking and Finance, 7(1), 55–78.
Porter, M. E. (1996, December). What is strategy? Harvard Business Review, 37–55.
Putra, A., Khaidir, W., & Aisyah, S. (2025). Strengthening resilience through risk management in Islamic microfinance institutions: A case study of BPRS in Riau. Journal of Finance and Islamic Banking, 8(1), 65–78.
Putri, A. I. L., Anjarwati, R. P., Wulandari, U. D. A., & Asiyah, B. N. (2024). Strategi manajemen likuiditas dalam menjaga stabilitas bank syariah Indonesia di masa krisis. Jurnal Ekonomi Bisnis Manajemen dan Akuntansi (JEBISMA), 2(2), 1–16. https://doi.org/10.70197/jebisma.v2i2.76
Sartika, D. A., Wijandari, A., & Arifin, S. (2025). Pengaruh pembiayaan mudharabah dan musyarakah terhadap likuiditas dengan profitabilitas sebagai variabel moderasi: Studi kasus pada bank umum syariah di Indonesia tahun 2020–2024. Kinerja: Jurnal Manajemen Organisasi dan Industri, 4(1), 92–103.
Sodik, G., et al. (2023). Problematika pembiayaan mudharabah di perbankan syariah Indonesia. Jurnal Ekonomika45, 11(1).
Ssh, Z., Abd, S., & Hawas, M. (2024). Risks and financial indicators in managing bank liquidity in Islamic banks: A case study of Asia Islamic Bank for Finance and Investment in Iraq. 3rd International Humanitarian Conference, Baghdad 2024, 69–78.
Sugiyono. (2023). Metode penelitian kualitatif [Qualitative research methods]. Bandung: Alfabeta.
Sutrisno. (2025). The effect of liquidity risk, capital and third-party fund on bank performance with credit risk as intervening variable: Cases in conventional bank in Indonesia. Siasat Bisnis, 29(1), 58–67. https://doi.org/10.20885/jsb.vol29.iss1.art5
Viverita, Bustaman, Y., & Danarsari, D. N. (2023). Liquidity creation by Islamic and conventional banks during the Covid-19 pandemic. Heliyon, 9(4), e15136. https://doi.org/10.1016/j.heliyon.2023.e15136
Wati, R., & Fasa, M. I. (2024). Manajemen risiko likuiditas: Jaminan keberlanjutan dan ketahanan bank syariah di era krisis moneter. MAMEN: Jurnal Manajemen, 3(4), 389–402. https://doi.org/10.55123/mamen.v3i4.4270
Interview with Agung Fajri, Head of Cash Office, Funding Officer, and Customer Service, BPRS Muamalat Harkat Bengkulu, August 25, 2026.
Interview with Deri Haspriyanti, Director, BPRS Muamalat Harkat Bengkulu, September 29, 2026.
Interview with Hetmawati, mudharabah deposit customer, BPRS Muamalat Harkat Bengkulu, September 21, 2026.
Interview with Mulyana, Head of Operations, BPRS Muamalat Harkat Bengkulu, September 28, 2026.
Interview with Rathi Yusnovia, mudharabah deposit customer, BPRS Muamalat Harkat Bengkulu, September 29, 2026.
Published
2026-10-28
How to Cite
Lestari, T., Romi Adetio Setiawan, & Yenti Sumarni. (2026). Liquidity Management Strategy for Mudharabah Deposit Products at BPRS Muamalat Harkat Bengkulu. International Journal of Economics, Business and Innovation Research, 5(06), 2010-2022. https://doi.org/10.63922/ijebir.v5i06.7003
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