risk mitigation in cooperation through channeling financing between shariacompanies and sharia banks

Cooperation through channeling between sharia (islamic) company and financial institutions canbe done as long as it does not conflict with the principles of sharia. the purpose of this research is toanalyze the risk mitigation of financing, especially in the cooperation between islamic companies andfinancial institutions regarding the channeling financing. this research is normative study by statutoryapproach and a conceptual approach. channeling financing should be done by fulfilling the principles ofjustice, balance, beneficence and universalism and not contain any gharar, maisir, usury, wrongdoing andharam objects. the contract that frames this collaboration is wakalah bil ujrah. sharia companies asrepresentatives of financial institutions that distribute sharia financing to customers receivescompensation (ujrah) from managing the funds. channeling financing, does not rule out the risk ofmistakes (wanprestasi), therefore, if there is a mistake the one that took the risk is financial institutionwhile sharia company does not take the risk. however, it is possible for sharia company to take the risksif sharia company does not mitigate the risk that should be carried out by the sharia company. it isconcluded that, it is possible for sharia company to take the risks if sharia company does not mitigatethe risk that should be carried out by sharia company in channeling sharia financing to its customers.