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The objective of this study is to gain a better understanding of risk management and control practices at BMT UGT Nusantara, an Islamic microfinance institution in Indonesia, with a particular emphasis on financing risk, liquidity risk, and Sharia compliance risk. These three risks are said to occur frequently and have a direct impact on performance. Because of the uniqueness of the site, the design of this qualitative research is descriptive and exploratory with a holistic single-case approach. In-depth interviews, field observations, focus group discussions, and a review of supporting documents were used to collect data. Because the interactive cycle process includes data collection, data reduction, data presentation, and data withdrawal, data analysis employs an interactive model. The data was validated using the criteria of credibility, transferability, dependability, and confirmability. The study's findings show that BMT UGT Nusantara, an Islamic microfinance institution in Indonesia, employs traditional-partial risk management on financing risk, liquidity risk, and Sharia compliance risk. Risk management is carried out by integrating "macul bumi", or outward efforts based on sincerity, and "macul langit", or spiritual efforts. Furthermore, it employs information systems that play an important role in risk management in order to improve organizational performance and competitive advantage.    

This study analyzes the bankruptcies of companies in the plastic and packaging industry listed on the Indonesian stock exchange. This analysis is essential to know the condition of the company's performance and in what position. The hope is to assist stakeholders in making the best decisions for sustainability. The positive contribution of the plastics and packaging industry in supporting economic growth in Indonesia, as well as the challenges of global issues regarding the negative impact of use, requires companies to avoid financial distress or bankruptcy. However, recent research argues that very few company managers try hard to avoid the risk of bankruptcy. This quantitative descriptive research takes a sample of 10 companies selected purposively with predetermined criteria. Following the arguments of Altman (1983), the research analysis uses the Altman Z-Score for a sample of firms in one homogeneous industry. The results showed that, in general, the plastic and packaging industry was potentially vulnerable and had financial distress or went bankrupt, and there was only one healthy company. The results of this study also have an essential contribution for stakeholders to detect early on the company's financial condition and help make sound managerial decisions.