Risk management in Islamic banks in the environment of friendly Islamic banking finance products

الملخص

This study aims to discuss risk management in Islamic banks for being one of the important and vitaly issues in the Islamic banking management and advancing development. The study starts from a central problem which consists in the answer to the question of legality of the framework governing risk management at Islamic banks, and its effectiveness in the financing process. The study was based on a descriptive approach by the presentation a conceptual framework for risk management in Islamic banks, its main types and the most important components of risk management in Islamic bank transactions. The study also adopts a comparative analytical method by opposing standards and guidelines issued by international institutions undertaking credit risks, such as: the Basel Committee, and principles of the Accounting and Auditing Organization for Islamic Financial Institutions and their analysis. The study concluded with a set of findings and recommendations, including: Risk management in Islamic banks, although not contained in the texts of advanced jurists, but it was not absent in their jurisprudencial rules and their application process, or risks of compatibility with the principles and provisions of the Islamic Shariah in maintaining the purposes of the islamic law, its five necessities of ​​which save money. Risk management in Islamic banks conform to traditional counterparts, and the difference between them is limited to the part concerning legitimate risks.