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dc.contributor.authorAldoseri, Mahfod
dc.contributor.authorWorthington, Andrew C
dc.contributor.editorBoubaker, S
dc.contributor.editorBuchanan, B
dc.contributor.editorNguyen, DK
dc.date.accessioned2018-10-03T23:30:56Z
dc.date.available2018-10-03T23:30:56Z
dc.date.issued2016
dc.identifier.isbn978-1-78635-452-5
dc.identifier.doi10.1108/978-1-78635-452-520161020
dc.identifier.urihttp://hdl.handle.net/10072/143038
dc.description.abstractThe purpose of this chapter is to review the risks Islamic financial institutions face in an emerging market context, including risk sharing in Islamic financing and Shari’ah (Islamic law) compliance risk. We explore current risk management practices and establish the link between risk management and the financial performance of banks and the efficiency and effectiveness of financial sectors in emerging markets. Because of their distinctive risk profile, Islamic finance institutions face challenges in risk management. We show that Islamic banking is riskier in emerging markets because of the presence of immature money markets, limitations in the availability of lender of last resort facilities, and deficiencies in market infrastructure. There is also no evidence that Islamic banks have developed effective solutions for managing the risks conventional banks face as well as their own unique risks. We suggest that the countries that do this best are those that prioritize the structure of risk management knowledge and capabilities in a single financial regulator.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherEmerald Group Publishing
dc.publisher.placeUnited Kingdom
dc.relation.ispartofbooktitleRisk Management in Emerging Markets: Issues, Framework, and Modeling
dc.relation.ispartofchapter8
dc.relation.ispartofpagefrom229
dc.relation.ispartofpageto252
dc.subject.fieldofresearchInvestment and Risk Management
dc.subject.fieldofresearchcode150205
dc.titleRisk Management in Islamic Banking: An Emerging Market Imperative
dc.typeBook chapter
dc.type.descriptionB1 - Chapters
dc.type.codeB - Book Chapters
dc.description.versionAccepted Manuscript (AM)
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2016 Emerald. This is the author-manuscript version of this paper. It is reproduced here in accordance with the copyright policy of the publisher. Please refer to the publisher’s website for further information.
gro.hasfulltextFull Text
gro.griffith.authorWorthington, Andrew C.
gro.griffith.authorAldoseri, Mahfod MN.


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