Risk management in islamic banking

Hanić, Hasan and Hanić, Aida (2016) Risk management in islamic banking. In: Risk management in the financial services sector. University of Belgrade, Faculty of economics; Publishing centre, Belgrade, pp. 197-212. ISBN 978-86-403-1487-9

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The operations of Islamic banking are carried out in accordance with Islamic religious law (Shari’ah) where every economic activity, which is being implemented, must have a basis in the real sector and the money is seen only as a medium of exchange. Interest, speculative and uncertain activities as well as gambling are forbidden. Because of the specific way of doing business, Islamic banks are faced with a different way of risk where, among the credit, market, liquidity and operational risk there are displaced commercial risk, withdrawal risk, governance, fiduciary risk, transparency, Shari’ah risk, and reputational risks. Each of these risks influences the business of the Islamic bank in a different way. In that term this paper represents types of risks to whome islamic financial institutions are exposed.

Item Type: Book Section
Additional Information: COBISS.ID=512383842
M Category: H Social Sciences > H Social Sciences (General)
Depositing User: Jelena Banovic
Date Deposited: 13 Feb 2017 08:00
Last Modified: 13 Feb 2017 08:00
URI: http://ebooks.ien.bg.ac.rs/id/eprint/1012

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