مجلة اقتصاد المال و الأعمال
Volume 6, Numéro 4, Pages 238-251
2022-12-31

Istisna` Risk Management In Islamic Banks

Authors : Soltani Hachemi . Seffih Sadek .

Abstract

This study aimed to identify the policies and procedures applied in Islamic banks to manage the risks of the Istisna` model. To achieve this objective, a deductive approach was applied to identify the risks that can arise from implementing this model, and the adequate plans to face them. The study found that the Islamic bank faces many risks, when applying the Istisna` model, and the bank relies, for each types of these risks, on several policies and procedures, such as using takaful insurance and adhering to the decisions and guidelines of the Basel Committee (BCBS) and Islamic Financial Services Board (IFSB).

Keywords

Islamic banking ; Istisna‘ ; Risk management ; Basel Committee ; IFSB