The strategy of Islamic banks in hedging risks : the case of al Baraka Islamic bank of Algeria
Joint Authors
Maliki, Tariq
Bahih, Abd al-Qadir
Source
Issue
Vol. 7, Issue 3 (31 Dec. 2021), pp.818-839, 22 p.
Publisher
Tahri Mohamed Bechar University Faculty of Economic Commerce and Management Sciences
Publication Date
2021-12-31
Country of Publication
Algeria
No. of Pages
22
Main Subjects
Topics
- Financial crises
- Islam
- Financing
- Risk management
- Algeria
- Control systems
- Religious aspects
- Banking
- Internal oversight
- Credit risk
- Islamic Banks
- Central Bank
Abstract EN
Islamic banking is not without risks that may arise from its activities or from the environment in which it operates, and risk management is considered as one of the most important topics in banking and financial management.
Therefore, this study aims to identify the role that risk management plays in Islamic banks in order to reduce the risks of financial crises that threaten Islamic banks.
Therefore, there is anurgent need to identify, measure, manage and control these risks.
The study found that Islamic banks face higher credit risks than their classical counterparts due to some of the imposed Sharia requirements that must be adhered to.
It has also been concluded that there is a necessity for an independent internal control system that works to provide information in coordination with the external auditor.
Such is the case with al Baraka Islamic Bank in Algeria that faces many risks and there is no immediate risk management strategy that is compatible with the provisions of Islamic Sharia law, and there is no special system to measure the risks management.
JEL classification: G32, G21
American Psychological Association (APA)
Maliki, Tariq& Bahih, Abd al-Qadir. 2021. The strategy of Islamic banks in hedging risks : the case of al Baraka Islamic bank of Algeria. Al-Bashaer Economic Journal،Vol. 7, no. 3, pp.818-839.
https://search.emarefa.net/detail/BIM-1304334
Modern Language Association (MLA)
Maliki, Tariq& Bahih, Abd al-Qadir. The strategy of Islamic banks in hedging risks : the case of al Baraka Islamic bank of Algeria. Al-Bashaer Economic Journal Vol. 7, no. 3 (Dec. 2021), pp.818-839.
https://search.emarefa.net/detail/BIM-1304334
American Medical Association (AMA)
Maliki, Tariq& Bahih, Abd al-Qadir. The strategy of Islamic banks in hedging risks : the case of al Baraka Islamic bank of Algeria. Al-Bashaer Economic Journal. 2021. Vol. 7, no. 3, pp.818-839.
https://search.emarefa.net/detail/BIM-1304334
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1304334