Filter by Categories
Accounting
Banking

Islamic Finance




Operational Risk


The risk that affects the operations of an Islamic bank (Islamic financial institutionIFI) including the risk of loss arising from failure or inadequacy in processes (process risk), systems (system risk), people (people risk), etc. This risk also includes the risk of loss resulting from external events (external event risk) as well as potential loss associated with contraventions to shari’ah rules and principles (shari’ah non-compliance risk) and inability to discharge fiduciary responsibilities (fiduciary risk).

This risk includes legal risk, but excludes strategic risk and reputational risk.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*