Sharia risk management framework for islamic financial institutions: its global application in managing sharia non-compliant risk. Kanun: Jurnal Undang-undang Malaysia, 29 (2). pp. 131-159. ISSN 2682-8057 (2017)
Abstract
In addition to the risks faced by traditional financial institutions, Islamic banks are widely exposed to sharia-related risks with regards to the need for ensuring compliance of its operational activities and financial products with Islamic law. In order to mitigate these additional risks, Islamic financial institutions are urged to establish a comprehensive ‘Framework for Sharia Risk Management’ that can help them monitor their banking, financing and investment activities in conformity with sharia principles and hence enhance their sustainability in the long run.
| Item Type: | Article |
|---|---|
| Keywords: | Sharia Risk Management Practices, Sharia compliant, Islamic finance, Traditional financial institutions, Banking system |
| Taxonomy: | By Subject > Law > Law and Economics By Subject > Law > Malaysian Islamic Legal System |
| Local Content Hub: | Subjects > Law |
| Depositing User: | Eza Eliana Abdul Wahid |
| Date Deposited: | 31 May 2021 17:47 |
| Last Modified: | 31 May 2021 17:47 |
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