Risk management practices of selected Islamic banks in Malaysia
This study explores the risk management practices of major Islamic banks in Malaysia with the objective of having deeper understanding of the practices and identifying ways for further improvements. Various aspects of risk management practices are assessed through survey questionnaires, particula...
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Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
2014
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Subjects: | |
Online Access: | http://irep.iium.edu.my/84977/1/84977_Risk%20management%20practices%20of%20selected%20Islamic%20banks.pdf http://irep.iium.edu.my/84977/ http://www.jurnal.unsyiah.ac.id/AIJSS |
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Summary: | This study explores the risk management practices of major Islamic banks in
Malaysia with the objective of having deeper understanding of the practices and identifying
ways for further improvements. Various aspects of risk management practices are assessed
through survey questionnaires, particularly those relevant and specific to the case of the
Islamic banks. The study finds that the Islamic banks adopt good risk management
practices with few areas of improvements include the use of computerised support systems
and more sophisticated approaches to measure risks and the use of Shari’ah compliance
techniques to mitigate risks. By assessing their current risk management practices, the study
hopes to contribute in terms of recommending strategies to strengthen the risk
management practices of the Islamic banks so as to increase the overall competitiveness in
the Islamic banking industry. |
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