RISK MANAGEMENT PRACTICES IN ISLAMIC FINANCE
Keywords:
Islamic finance, risk management, Murabaha, Musharaka, Takaful, Shariah.Abstract
This article analyzes the risk management mechanisms in Islamic finance, their distinctive features, and their role in the modern financial system. The study examines the main types of risks encountered in Islamic financial institutions and the methods used to mitigate them. The results indicate that Islamic finance, unlike conventional systems, relies on risk sharing, asset-backed financing, and Shariah-compliant instruments for effective risk management.
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