IB

Permanent URI for this community

Now showing 1 - 1 of 1

RISK MANAGEMENT PRACTICES OF ISLAMIC BANKS OF PAKISTAN
(UMT, Lahore, 2020) ADIL IFTIKHAR
In the current fast-paced business environment, banks face huge losses. Contact with numerous risks requires effective risk supervision and management which includes identifying, assessing, and prioritizing risk following resource coordination and financial application to minimize monitor and control the likelihood of unfortunate events. Therefore, the aim of current study is to examine the effective risk management practices (RMPs) used by Islamic banking sector in dealing with different types of risk in Pakistan. A survey questionnaire is used to collect the data from the risk management departments of Islamic banking sector. The data is collected from 153 respondents. Using the multiple regression analysis, the study finds that risk assessment and analysis, risk identification and risk monitoring are the statistically significant risk aspects that play a positive role in the risk management practices of the Islamic banking sector. Moreover, study also find that full-fledged Islamic banks have effective risk management techniques comparative to conventional banks with Islamic windows/branches. This research is worthwhile for the entire banking sector, depositors and those who desire to invest in other place. Moreover the Islamic banks get the advantage from the outcome to formulate the strategy.