Islamic Finance Risk Management

  • Graduate School of Business |

Description

This course introduces an overview of the concepts of risk management in general, and in Islamic finance in particular, also it enables students to manage the risks of the various Islamic modes of finance.

Program

MBA

Objectives

  • Upon the end of this course, students will be able to: • Understand the framework and structure of Islamic Financial Services. • Acquire the knowledge of risk in Islamic Financial Services. • Identify types of risk in Islamic Finance. • Identify the criteria and principles in mitigating risk in structuring Islamic financial product and instrument. • Examine several Shariah and legal risks in documentation and structuring Islamic financial services banking, securities and Takaful.

Textbook

• Wahyudi, Imam; Rosmanita, Fenny; Budi Prasetyo, Muhammad; and Iwani Surya Putri, Niken, (2015), “ Risk Management for Islamic Banks: Recent Developments from Asia and the Middle East”, Wiley Finance.

Course Content

content serial Description
11. Introduction of risk and Identification of its main types which are found within the IFIs 2. Analyze the framework for different kinds of risk in the Islamic financial system and the key factors that affect different types of risks in Islamic Banking
23. Corporate governance for Islamic financial institutions and issues related to regulation and supervision for risk in Islamic Banking 4. Applying the risk management methods in the current Islamic finance contracts
35. Understanding the AAOIFI & IFSB Guidelines on Risk Management for Islamic Financial Institutions 6. Capital adequacy ratio, interest rate fluctuations and liquidity issues
47. Reporting of Financial Risk in Islamic Finance: An Islamic Accounting Perspective
58. Current issues and challenges of risk in Islamic financial institutions

Markets and Career

  • Generation, transmission, distribution and utilization of electrical power for public and private sectors to secure both continuous and emergency demands.
  • Electrical power feeding for civil and military marine and aviation utilities.
  • Electrical works in construction engineering.

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