The research aimed at learning the procedure of murabahah financing practice conducted by BPRS Bangun Drajat Warga Yogyakarta and learning the analysis applied on murabaha financing risk management at BPRS Bangun Drajat Warga Yogyakarta. The research was a field research that was conducted at BPRS Bangun Drajat Warga Yogyakarta by using qualitative methods with descriptive approach. The data used were primary and secondary. The data were collected by observing, interviewing, and documenting. The data analysis used was interactive method. The source triangulation technique was used to analyze the data validity. The procedure of financing practice conducted at BPRS Bangun Drajat Warga Yogyakarta was appropriate to the regulations; welcoming customers, providing services, conducting surveys, negotiating, analyzing, purchasing goods and sending them to the customers. In order to balance the high cost of murabaha financing so that the risks that emerge can be handled and minimized, BPRS Bangun Drajat Warga applied risk management in murabahah financing by identifying, measuring, observing, and controlling risks.