Compliance in the Islamic financial institutions and its relationship with the risks

A'sem Sami Ehmoud AL Fukaha

Journal of Business & Management (COES&RJ-JBM), 2021, vol. 9, issue 1, 1-19

Abstract: This research deals with two components. The first component addresses the clarification of the compliance in the Islamic financial institutions and the statement of its legitimacy and how important it is to the Islamic banks. The concept of non-compliance risk with its forensic types, its role and relationship to the dangerous effects of drug abuse, and the reputation of the bank and its relationship towards fighting against money laundering in Islamic banks. The regulators need to achieve legitimate compliance in accordance to its requirements of the implementation in the Islamic banks (Islamic Sharia). The research also shows the extent of the need for these regulators to achieve compliance with their legitimate oversight to avoid any risks that might cause it.

Keywords: Risks; Islamic Banking; Sharia Compliance; Bad Reputation; Money Laundering; Supervision (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://centreofexcellence.net/J/JBM/pdfs/jbm.2021.9.1.1.19.pdf (application/pdf)
https://doi.org/10.25255/jbm.2021.9.1.1.19 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jso:coejbm:v:9:y:2021:i:1:p:1-19

Access Statistics for this article

Journal of Business & Management (COES&RJ-JBM) is currently edited by Dr. Bashar Malkawi (Editor-in-Chief), Moiz Haider Shamsi and Dr. Ephraim Okoro (Associate Editor)

More articles in Journal of Business & Management (COES&RJ-JBM)
Bibliographic data for series maintained by COES&RJ LLC. Maintainer-Workplace-Name: Centre of Excellence for Scientific & Research Journalism - COES&RJ LLC Maintainer-Address: 10685-B Hazelhurst Dr., Houston, TX 77043, USA () and ().