Risk Management for Islamic Banks: Recent Developments from Asia and the Middle East (Wiley Finance)
| Author | : | |
| Rating | : | 4.73 (999 Votes) |
| Asin | : | 1118734424 |
| Format Type | : | paperback |
| Number of Pages | : | 256 Pages |
| Publish Date | : | 2014-03-19 |
| Language | : | English |
DESCRIPTION:
Readers gain insight into risk management as a comprehensive system, and a process of interlinked continuous cycles that integrate into every business activity within Islamic banks.The unique processes inherent in Islamic banking bring about complex risks not experienced by traditional banks. The book begins with a discussion of the philosophy of risk management, then delves deeper into the issue with topics like:Risk management as an integrated systemThe history, framework, and process of risk management in Islamic bankingFinancing, operational, investment, and market riskShariah compliance and associated riskThe book also discusses the future potential and challenges of Islamic banking, and outlines the risk management pathway. Risk Management for Islamic Banks covers the creation of an appropriate risk management environment, as well as a stage-based implementation strategy that includes risk identification, measurement, mitigation, monitoring, controlling, and reporting. Gain ins
MUHAMMAD BUDI PRASETYO is a lecturer and junior researcher in the Department of Management at FEB-UI. . FENNY ROSMANITA is a lecturer at FEB-UI and a researcher at its Centre of Islamic Economics and Business. NIKEN IWANI SURYA PUTRI is a lecturer at FEB-UI and a junior researcher at its Centre of Islamic Econom
While Islamic banks are mostly immune to risks conventional banks face due to religious law forbidding the institutions from usury, this same syari'ah law restricts banks from accessing hedging products conventional banks use to mitigate risk. This convenient guide is logically written with an easy-to-understand yet useful depth of coverage to provide a single-source reference for understanding and navigating the Islamic banking sys-tem. The path to mastering the Islamic banking system starts with Risk Management for Islamic Banks. . Insightful explanations clarify the bank's place in Islamic finance, the Islamic perspective on risk, the risk management framework in Islamic banking, the distinct risks faced by Islamic banks, and syari'ah-compliance risk. From the Inside FlapVolumes have been written on managing risk in today's strictly