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Managing Risks in a Financial Institution
GLOBAL SHARIAH TECHNOLOGY CENTRE |   A JOINT VENTURE BETWEEN AMANIE AND VSC

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  • Best Practices
    Best Practices How to effectively measure the KPIs for policy makers and impact of policies and programs on beneficiaries
  • Sharing Knowledge
    Sharing Knowledge Sharing Best Practices on Shariah Education & Risk Management Analytics
  • Synergies
    Synergies combining core competencies of Shariah Advisory with Risk Analytics
  • The Prophet (peace be upon him) was asked which was the best kind of earning - he replied: “that for which a man earns with his own hands, and honest trading.”
  • Quran 2:282
    Quran 2:282 “O you who believe! When you deal with each other, in transactions involving future obligations in a fixed period of time, reduce them to writing”
  • Quran 4:29
    Quran 4:29 “O you who have believed, do not consume one another's wealth unjustly, except (that it be) a business made by mutual consent.”
  • GAP IDENTIFICATION
    GAP IDENTIFICATION Using systematic tools and measures to address the root of any issues in Shariah analysis.
  • ANALYSIS
    ANALYSIS Identify gaps and measure results using GSTC's intelligent scorecards
  • KNOWLEDGE
    KNOWLEDGE Generate detailed analysis with GSTC's range of AI-driven scorecards.
  • IN-DEPTH DIAGNOSIS
    IN-DEPTH DIAGNOSIS Diagnose issues with GSTC smart tools.
  • Best Practices
  • Sharing Knowledge
  • Synergies
  • Quran 2:282
  • Quran 4:29
  • GAP IDENTIFICATION
  • ANALYSIS
  • KNOWLEDGE
  • IN-DEPTH DIAGNOSIS

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Managing Risks in a Financial Institution

“As bank personnel, there are a variety of risks and challenges that you must deal with every day, from maintaining demand for your product or service, to managing resources, to making strategic business decisions such as changing or expanding your banking operations.” 

Key question: "But what about Shariah Risk Management? And the less obvious risks — the ones that you don’t necessarily deal with on a daily basis but are just as critical to your business success?”

Synopsis

Continuing increases in the scale and complexity of financial institutions and in the pace of their financial transactions demand that they employ sophisticated risk management techniques and monitor rapidly changing risk exposures.

At the same time, fortunately, advances in information technology have lowered the cost of acquiring, managing and analyzing data, and have enabled considerable and ongoing advances in risk management at leading institutions worldwide.

As this program illustrates, banks in many emerging market countries are also increasing their focus on risk management in an effort to build more robust and sound financial systems, to remedy weaknesses that were exposed by recent regional problems, and to position themselves to participate more fully in the global economy.

Learning focus

Employee and Owner Risks

  • Attracting and retaining employees
  • Ownership conflict or change
  • Loss of a key person or department

Economic Risks

  • Currency rate fluctuations
  • Reduction in consumer and business spending activities
  • Supply chain cost fluctuations and disruptions

Credit Risks

  • Non-payment of debtors
  • Lawsuits and legal liability
  • Catastrophic risk

Case studies
Risk Management Framework Setting
Hands-on Scorecard Development
Assignment / Class activities
E-Learning Journal