Management of shariah non-compliance risk in Maybank Islamic Berhad / Muhammad Reza Amin Reza Adnan

The objective of this paper is to study the management of shariah noncompliance risk associated with Maybank Islamic Berhad. Having a precise definition of shariah non-compliance risks is highly necessary for the purpose of developing a comprehensive risk management framework for an Islamic financia...

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Main Author: Reza Adnan, Muhammad Reza Amin
Format: Student Project
Language:English
Published: Universiti Teknologi MARA, Selangor, Puncak Alam Campus 2018
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/23375/
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author Reza Adnan, Muhammad Reza Amin
author_facet Reza Adnan, Muhammad Reza Amin
author_sort Reza Adnan, Muhammad Reza Amin
building UiTM Institutional Repository
collection Online Access
description The objective of this paper is to study the management of shariah noncompliance risk associated with Maybank Islamic Berhad. Having a precise definition of shariah non-compliance risks is highly necessary for the purpose of developing a comprehensive risk management framework for an Islamic financial system. This study is conducted through a literature review on regulatory provisions and existing academic journals and thesis on Islamic risk management. This paper provides an in-depth discussion on the guidelines in managing shariah non-compliance and the factors that lead to shariah noncompliance risk and also the strategies that used by Maybank Islamic Berhad in order to counter this type of risk. These elements of risk were identified as that emerging from the entire process of developing an Islamic financial product, starting from the structuring stage until the execution of the product in the market hence cause severe both financial and non-financial costs to Maybank Islamic Berhad. This research may have some implications to the Islamic finance industry in Malaysia, which would be useful for further empirical research in this area.
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publishDate 2018
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spelling uitm-233752019-03-06T03:15:40Z https://ir.uitm.edu.my/id/eprint/23375/ Management of shariah non-compliance risk in Maybank Islamic Berhad / Muhammad Reza Amin Reza Adnan Reza Adnan, Muhammad Reza Amin Banking Finance, Islamic The objective of this paper is to study the management of shariah noncompliance risk associated with Maybank Islamic Berhad. Having a precise definition of shariah non-compliance risks is highly necessary for the purpose of developing a comprehensive risk management framework for an Islamic financial system. This study is conducted through a literature review on regulatory provisions and existing academic journals and thesis on Islamic risk management. This paper provides an in-depth discussion on the guidelines in managing shariah non-compliance and the factors that lead to shariah noncompliance risk and also the strategies that used by Maybank Islamic Berhad in order to counter this type of risk. These elements of risk were identified as that emerging from the entire process of developing an Islamic financial product, starting from the structuring stage until the execution of the product in the market hence cause severe both financial and non-financial costs to Maybank Islamic Berhad. This research may have some implications to the Islamic finance industry in Malaysia, which would be useful for further empirical research in this area. Universiti Teknologi MARA, Selangor, Puncak Alam Campus 2018 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/23375/1/PPb_MUHAMMAD%20REZA%20AMIN%20REZA%20ADNAN%20ACI%20B%2018_5.pdf Reza Adnan, Muhammad Reza Amin (2018) Management of shariah non-compliance risk in Maybank Islamic Berhad / Muhammad Reza Amin Reza Adnan. (2018) [Student Project] <http://terminalib.uitm.edu.my/23375.pdf> (Unpublished)
spellingShingle Banking
Finance, Islamic
Reza Adnan, Muhammad Reza Amin
Management of shariah non-compliance risk in Maybank Islamic Berhad / Muhammad Reza Amin Reza Adnan
title Management of shariah non-compliance risk in Maybank Islamic Berhad / Muhammad Reza Amin Reza Adnan
title_full Management of shariah non-compliance risk in Maybank Islamic Berhad / Muhammad Reza Amin Reza Adnan
title_fullStr Management of shariah non-compliance risk in Maybank Islamic Berhad / Muhammad Reza Amin Reza Adnan
title_full_unstemmed Management of shariah non-compliance risk in Maybank Islamic Berhad / Muhammad Reza Amin Reza Adnan
title_short Management of shariah non-compliance risk in Maybank Islamic Berhad / Muhammad Reza Amin Reza Adnan
title_sort management of shariah non-compliance risk in maybank islamic berhad / muhammad reza amin reza adnan
topic Banking
Finance, Islamic
url https://ir.uitm.edu.my/id/eprint/23375/