Internal Control System and ProHajj Financing: A Back-to-Back Approach

This study aims to examine the effect of the Internal Control System (ICS) on Hajj registration financing (ProHajj) using a back-to-back mechanism secured by deposit collateral at PT Bank Muamalat Indonesia Bandung Branch. The study adopts a quantitative research design and applies simple linear regression analysis to questionnaire data obtained from 32 respondents. The findings demonstrate that the Internal Control System exerts a positive and statistically significant influence on Hajj registration financing, as indicated by a regression coefficient of 0.455, a constant of 11.084, and a significance level of 0.000, which is below the 0.05 threshold. In addition, the coefficient of determination (R²) of 0.427 suggests that the Internal Control System accounts for 42.7% of the variance in Hajj registration financing. The study further shows that internal control practices have been implemented effectively through clear segregation of responsibilities, proper verification of deposit collateral, regular internal audits, and adherence to Sharia principles. These findings highlight the critical role of a well-functioning Internal Control System in enhancing transparency, accountability, and security within back-to-back Hajj financing operations.