RISK MANAGEMENT IN OFFICIAL FUND DISBURSEMENT PROCEDURES AT THE HAJJ FINANCIAL MANAGEMENT AGENCY

Abstract

Risk management in the official fund disbursement procedure at the Hajj Financial Management Agency (BPKH) is an important aspect to ensure transparency, accuntability, and efficiency in Hajj financial management. This study aims to identify the risks that arise in the proces of disbursing official funds at BPKH and develop mitigation strategies that can be applied.

The research method used is descriptive qualitative with data collection techniques through literature studies, interviews, and analysis of BPKH financial policy documents. The results showed that the main risks in the disbursement of official funds include administrative risks, compliance with regulations, and the potential for fraud and misuse of funds.

As a mitigation effort, BPKH implements a technology-based monitoring system, strengthens internal audits, and increases transparency at every stage of fund disbursement. This study recommends strengthening risk management policies, increasing human resource capacity, and optimizing sharia-based digital financial systems to reduce potential irregularities. Effective implementation of risk management strategies is expected to improve BPKH’s financial governance to be more professional, accountable, and in accrodance with the principles of good governance 

Keywords: Risk Management, Hajj Financial Management Agency, Transparency.