Instruments and risks in islamic financial institutions / Rashidah Abdul Rahman, Fauziah Hanim Tafri and Yaseen Al Janadi.

Abdul Rahman, Rashidah and Tafri, Fauziah Hanim and Al Janadi, Yaseen (2010) Instruments and risks in islamic financial institutions / Rashidah Abdul Rahman, Fauziah Hanim Tafri and Yaseen Al Janadi. Management & Accounting Review (MAR), 9 (2). pp. 1-11. ISSN 2550-1895

Abstract

The nature of specific risks facing Islamic Financial Institutions (IFIs) together with the virtually unlimited number of ways available to them to provide funds through the use of combinations of the permissible Islamic modes of financing, profit and loss sharing (PLS) modes of financing and non-PLS, raises a host of issues among others in risk management. This paper presents and explains the different types of risks arising from Musharakah, Mudharabah, Murabahah, Salam, Istisna and Ijarah Islamic products. Further, it highlights how financial institutions that provide such Islamic financial contracts are exposed to several corresponding underlying risks, as well as how these risks are managed.

Metadata

Item Type: Article
Creators:
CreatorsEmail / ID. Num
Abdul Rahman, RashidahUNSPECIFIED
Tafri, Fauziah HanimUNSPECIFIED
Al Janadi, YaseenUNSPECIFIED
Subjects: H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management
H Social Sciences > HD Industries. Land use. Labor > Risk management. Risk in industry. Operational risk
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Accountancy
Journal or Publication Title: Management & Accounting Review (MAR)
Journal: UiTM Journal > Management & Accounting Review (MAR)
ISSN: 2550-1895
Volume: 9
Number: 2
Page Range: pp. 1-11
Official URL: http://arionline.uitm.edu.my/ojs/index.php/MAR/art...
Item ID: 31085
Uncontrolled Keywords: Islamic Finance, Islamic, Risk management systems
URI: http://ir.uitm.edu.my/id/eprint/31085

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