Work

The Study of Potential Shariah Non-Compliance Risks in Murabahah Along with their Risk Management

Year: 2019

Type: article

Abstract: The primary objective of this paper is to find out the Shariah Non-Compliance Risks (SNCRs) of Murabahah along with proposing its risk management system. As the activity of Shariah non-compliance is negligence or failure to comply with the Shariah rules and regulations as well as for some extent the breach of the law of the land. Hence, Identification, Monitoring, Control and Mitigation of SNCRs need to be undertaken sensitively otherwise the spirit and objective of Islamic banks (IBIs) will be no more different than conventional banking system. Moreover, failure in control and mitigation of Shariah non-compliance risks may render the

Source: Journal of Finance & Economic Research

DOI: 10.20547/jfer1904104

Authors: Muhammad Yunas Ali, Farooq Hassan

Institutions: University of Karachi, NED University of Engineering and Technology

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: diamond

OpenAlex ID: W2969792719