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Year 2019, Volume: 6 Issue: 1, 123 - 126, 15.02.2019

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Rania Abdelfattah Salem. Risk Management for Islamic Banks

Year 2019, Volume: 6 Issue: 1, 123 - 126, 15.02.2019

Abstract

The eight chaptered book entitled “Risk Management for Islamic Banks” is kind of a
review of literature on the subject of risk management in Banks, particularly Islamic
banks. Chapter 5 and chapter 6 are the main parts of the book. In chapter 5, the book
supposedly introduces various risk mitigation methods for Islamic banks. However,
this chapter is primarily a review of existing literature. In chapter 6, the book supposedly demonstrates how to adopt an integrated risk management framework to
fit Islamic banks, by presenting a hypothetical case of an Islamic bank and adopting
suggested risk management procedures. While developing the argument, the book
assumes, with reference to the literature, that Islamic banks’ business models and
products are homogenous. While such assumptions are made in conventional economics and finance and any results can be derived with these assumptions, they
are not deemed scientific and acceptable in Islamic economics and finance which
looks for reality instead not assumptions in order to have scientific inferences. For
example, conventional economics and finance assumes that Riba is same as mark-up
in trade transactions and such an assumption is reprimanded in the Holy Qur’an.

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There are 3 citations in total.

Details

Primary Language English
Journal Section BOOK REVIEWS
Authors

Ahmet Suayb Gundogdu This is me

Publication Date February 15, 2019
Published in Issue Year 2019 Volume: 6 Issue: 1

Cite

APA Gundogdu, A. S. (2019). Rania Abdelfattah Salem. Risk Management for Islamic Banks. Turkish Journal of Islamic Economics, 6(1), 123-126.
AMA Gundogdu AS. Rania Abdelfattah Salem. Risk Management for Islamic Banks. TUJISE. February 2019;6(1):123-126.
Chicago Gundogdu, Ahmet Suayb. “Rania Abdelfattah Salem. Risk Management for Islamic Banks”. Turkish Journal of Islamic Economics 6, no. 1 (February 2019): 123-26.
EndNote Gundogdu AS (February 1, 2019) Rania Abdelfattah Salem. Risk Management for Islamic Banks. Turkish Journal of Islamic Economics 6 1 123–126.
IEEE A. S. Gundogdu, “Rania Abdelfattah Salem. Risk Management for Islamic Banks”, TUJISE, vol. 6, no. 1, pp. 123–126, 2019.
ISNAD Gundogdu, Ahmet Suayb. “Rania Abdelfattah Salem. Risk Management for Islamic Banks”. Turkish Journal of Islamic Economics 6/1 (February 2019), 123-126.
JAMA Gundogdu AS. Rania Abdelfattah Salem. Risk Management for Islamic Banks. TUJISE. 2019;6:123–126.
MLA Gundogdu, Ahmet Suayb. “Rania Abdelfattah Salem. Risk Management for Islamic Banks”. Turkish Journal of Islamic Economics, vol. 6, no. 1, 2019, pp. 123-6.
Vancouver Gundogdu AS. Rania Abdelfattah Salem. Risk Management for Islamic Banks. TUJISE. 2019;6(1):123-6.