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The handbook of Islamic banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field. This comprehensive handbook provides a succinct analysis of the workings of...
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In this paper, we develop a new voluntary operational risk management disclosure (ORMD) framework for the Islamic banks by incorporating five dimensions related to operational risk: personnel risk, information technology/system risk, legal risk, social risk, and business performance...
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This article discusses Shariah non-compliance risk as a form of operational risk intending to ensure that operations in the Islamic and banking finance industry comply with Shariah procedures. In the field of Islamic finance, Shariah non-compliance risk refers to the possibility that Islamic...
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future remains an economic opportunity in Islam (Q. II:275: 'Allah has permitted trade'), it is not conceived as a human … Islam requires further consideration in financial theory and regulation, for the benefit of a level playing field where both …
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