أبعاد إقتصادية
Volume 15, Numéro 1, Pages 435-449
2025-06-30

Risk Management In The Islamic Financial And Banking System: A Case Study Of Sukuk

Authors : Ouendi Lynda . Ounis Abdelmadjid .

Abstract

The Islamic financial and banking system is today a stakeholder in the international financial system, and is complementary to conventional finance. However, this industry presents a number of risks, which hinder its proper development, and whose management methods remain subjects of debate between financiers and Muslim jurists, which are already observed through the very notion of risk. Among the Islamic financial instruments most exposed to these different risks: sukuk; because the latter have rapidly developed in international markets, whether Islamic or conventional, and arouse more interest from investors, especially governments. Thus, the purpose of our article is to try to understand the notion of risk, and to present the main risks and their management methods, in an Islamic financial system, with a reference to the case of sukuk. To do this, we used the descriptive method, based on a conceptual and theoretical literature review on this subject.

Keywords

Islamic financial and banking system ; risk ; gharar ; risk management ; sukuk ; Sharia-compliant