Managing risk in the Islamic finance sector
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The nascent Islamic banking and finance sector is confronted with almost identical risks as the traditional interest-based industry. However, the Shari'ah (Islamic law) parameters for the interest-free industry introduces additional risk elements of compliance [and therefore reputational] risk and limits the use of conventional tools of risk mitigation. This section discussess the suitability of conventional risk management techniques in the Islamic banking and finance sector. The emerging risk management solutions for the sector are highlighted with some derivative options currently practiced in the Islamic finance markets.
Islamic banking , Islamic finance , Risk
Mahomed, Z. & Ramadili Mohd, S. M. (n.d.). Managing risk in the Islamic finance sector. Malaysia as a Global Hub for Fund Administration, pp. 1 -16.
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