Implementasi Manajemen Aset dan Liabilitas Dalam Mengelola Risiko Likuiditas pada Bank Syariah Indonesia

Rahma Septiani Adillah; Muthia Ghassanie Julaeha; Tina Lailasari; Yani Aguspriyani

doi:10.61132/jiesa.v3i3.2264

Authors

Rahma Septiani Adillah Universitas Negeri Sultan Maulana Hasanuddin Banten
Muthia Ghassanie Julaeha Universitas Islam Negeri Sultan Maulana Hasanuddin Banten
Tina Lailasari Universitas Islam Negeri Sultan Maulana Hasanuddin Banten
Yani Aguspriyani Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

DOI:

https://doi.org/10.61132/jiesa.v3i3.2264

Keywords:

ALMA, Asset-Liability Management, Bank Syariah Indonesia, Islamic Banking, Liquidity Risk

Abstract

This study aims to examine the implementation of Asset and Liability Management (ALMA) in managing liquidity risk at Bank Syariah Indonesia (BSI). The background of this research is based on the structural challenges faced by Islamic banking in managing liquidity, particularly following the merger of three state-owned Islamic banks in 2021, which established BSI as the largest Islamic bank in Indonesia. The method used in this study is a qualitative approach through library research. The data were obtained from BSI’s financial reports for the 2021–2024 period, regulations issued by Bank Indonesia and the Financial Services Authority (OJK), as well as various recent scientific literature. The results of the analysis indicate that BSI implements ALMA through four main mechanisms: (1) managing the maturity matching of assets and liabilities; (2) utilizing Sharia-based liquidity instruments such as SBIS and FASBIS; (3) conducting stress testing and cash flow projections; and (4) strengthening the internal control system through the ALCO committee. Following the merger, BSI’s Non-Performing Financing (NPF) ratio decreased from 2.93% in 2021 to 1.97% in 2024, reflecting an improvement in asset quality as well as liquidity stability. However, this study also identifies several challenges, including the limited availability of instruments in the Islamic money market and the complexity of managing third-party funds based on profit-sharing schemes. Overall, the study concludes that the effective implementation of ALMA plays a significant role in enhancing BSI’s liquidity resilience and serves as a fundamental basis for the sustainability of Islamic banking operations in Indonesia.

Downloads

Download data is not yet available.

References

Afifa, F. N. (2025). Internal and external determinant of islamic commercial bank liquidity. Journal of Sharia Economics, 6(1), 1–14. https://doi.org/10.22373/jose.v6i1.6306

Andina, D. F., Nurnasrina, & Syahfawi. (2023). Ruang lingkup asset and liabillity management (ALMA). Dawi, 2(1), 282–290. https://doi.org/10.5281/zenodo.10775816

Ariiqoh, S. H. (2025). Analisis perbedaan risiko likuiditas antara bsi dan bank mandiri periode 2021.q1-2025q1. Maliki Interdisciplinary Journal (MIJ), 3(12), 2018–2028. https://urj.uin-malang.ac.id/index.php/mij/article/view/15689

Azizi, A., Yafiz, M., & Anggraini, T. (2023). Pengaruh profitabilitas terhadap likuiditas bank umum syariah di indonesia periode 2018-2022. Management Studies and Entrepreneurship Journal, 4(5), 6640–6652. https://doi.org/10.37385/msej.v4i5.3295

Bank Indonesia. (2008). Peraturan bank indonesia nomor 10/11/PBI/2008 tentang sertifikat bank indonesia syariah.

Dainy, O., Hasanah, I., Sopia, S., & Sari, R. N. (2025). Pengaruh implementasi kebijakan moneter syariah terhadap pertumbuhan ekonomi di indonesia periode 2020-2023. Moneter : Jurnal Ekonomi Dan Keuangan Volume., 3(1). https://doi.org/10.61132/moneter.v3i1.1101

Diantasari, F., Afakarin, L., Wahyuni, S., & Suprianik, S. (2024). Peranan manajemen risiko dengan pendekatan ALMA ( asset and liabilities management ) pada pembiayaan di bank syariah. Gudang Jurnal Multidisiplin Ilmu, 2(6), 24–26. https://doi.org/10.59435/gjmi.v2i6.482

Hajri, S., Desfitri, A., Safitri, V., Ramadhayanti, G., & Rizal, R. (2025). Analisis implementasi instrumen pasar uang antarbank berprinsip syariah (puas) dalam menjaga likuiditas bank syariah indonesia. JURNAL BISNIS DAN MANAJEMEN (JBM), 21(2), 56–69. https://doi.org/10.23960/jbm.v21i2.3603

Indra, F. S., Handayani, A. L., & Nur Helmy Iffah Waliyah. (2022). Analisis asset dan liabilitas manajemen perbankan syariah terhadap pengaruh pembiayaan di bank syariah. Al-Bayan: Jurnal Hukum Dan Ekonomi Islam, 2(1), 97–111.

Khuluddiyah, Z. (2024). Research mapping of asset and liability management strategy in islamic banking. Jurnal Bisnis Maanajemen Dan Ekonomi, 5(4). https://doi.org/10.55903/juria.v2i2.59

Maulidah, A. R., Alya, A., Wulandari, A., Aulia, F., & Suprianik, S. (2024). Implementasi manajemen risiko likuiditas pada perbankan syariah. Gudang Jurnal Multidisiplin Ilmu, 2(5), 281–286. https://doi.org/10.59435/gjmi.v2i5.478

Mikou, S., Lahrichi, Y., & Achchab., S. (2024). Liquidity risk management in islamic banks : review of the literature and future research perspectives. European Journal of Studies in Management and Business, 29, 56–73. https://doi.org/10.32038/mbrq.2024.29.04

Nuzula, I. F., Zuhro, L., & Afidah, E. Z. (2024). Analisis asset and liability (ALMA) dalam perbankan syariah. Gudang Jurnal Multidisiplin Ilmu, 2(6), 57–60. https://doi.org/https://doi.org/10.59435/gjmi.v2i6.490

Otoritas Jasa Keuangan. (2023). Laporan perkembangan keuangan syariah indonesia.

Pipit, P., Jannatul, W., & Mughni, J. A. (2026). Analisis penerapan manajemen aktiva dan liabilitas ( asset liability management ) dalam mengelola risiko likuiditas pada bank syariah. Jurnal Mnajemen Dan Akuntasi, 3(3), 1–6. https://doi.org/10.62017/wanargi

PT Bank Syariah Indonesia Tbk. (2022). Annual report 2021.

Putri, A. I. L., Anjarwati, R. P., Ulfa Dwy Ayu Wulandari, & Asiyah, B. N. (2024). Strategi manajemen likuiditas dalam menjaga stabilitas bank syariah indonesia di masa krisis. 2, 2(2), 1–16. https://doi.org/10.70197/jebisma.v2i2.76

Qur’Anna, I. A., & Khoiriyah, R. (2024). The efect of ALMA relationship implementation on sharia bangking in indonesia. Islamic Banking: Jurnal Pemikiran Dan Pengembangan Perbankan Syariah, 9(2), 253–274. https://doi.org/10.36908/isbank.v9i2.1006

Roikhani, M. J., Nurnasrina, N., & Heri Sunandar. (2023). Analisis kerangka kerja asset dan liability managament (ALMA). Jurnal Astina Mandiri, 2(2), 117–122. https://doi.org/: https://doi.org/10.55903/juria.v2i2.59

Siregar, A. R., & Siregar, P. A. (2024). Manajemen aset dan liabilitas dalam bank syariah : analisis komprehensif institusi keuangan berprinsip syariah. El-Mal Jurnal Kajian Ekonomi Dan Bsnis Islam, 5(3), 1850–1855. https://doi.org/1047467/elmal.v5i3.6094

Sultoni, H., & Mardiana, K. (2021). Manajemen likuiditas pada bank syariah. Jurnal Eksyar, 08(02), 169–188.

Wati, R., & Fasa, M. I. (2024). Manajemen risiko likuiditas : jaminan keberlanjutan dan ketahanan bank syariah di era krisis moneter. MAMEN, 3(4), 389–402. https://doi.org/10.55123/mamen.v3i4.4270