Islamic banking faces new challenges due to the instability of global economy. The condition requires a strong management to avoid the adversely effect of company's performance, indicated by the increasing of NPF. Therefore, it is necessary to find out the management problems in controlling NPF level, analyse the management implementation model, and formulate priority strategies. The management aspects evaluated are managerial capabilities, business strategy, Good Corporate Governance, and financing supervision. The method used is Analytic Network Process with two groups of respondents, namely Islamic banking practitioners and experts. The result shows that the main problems of management in controlling NPF are i) inconsistency business strategy, ii) low competitive advantage, iii) lack of education on risk management, iv) low leadership skills, and v) lack of monitoring and supervision. Meanwhile, the management implementation model for controlling NPF is showed in the form of causality relationships, in which explains the effectiveness to control NPF that influenced by the success of management in addressing problems in aspects of business strategy and managerial capability. The strategies to be implemented are i) develop business strategy periodically, ii) create distinctive values, iii) review business strategies regularly, iv) risk management training, v) leadership training, and vi) sharing sessions.