If Islamic finance has been more resilient to the crisis than its conventional counterpart, it is because it is less risky, have found many industry players.. However, this statement does not reflect the inherent risks of Islamic banks themselves, whether their particular balance sheet structure, the specificity of certain products offered in terms of international regulatory standards, the issue of governance by independent banks that are Shariah Boards, as well as non-quantifiable risks related to compliance vis-à-vis its ethics, even though this nascent industry must also face the challenges inherent in the cyclical phase of industrialization and internationalization.
The issue of risk management in Islamic finance that is more central, since, first, some risks of its own, and secondly because it is from that depends the future of this industry claims to be born to offset the risk issue of conventional finance, forgetting, perhaps, it could be faced with issues of risk no less significant.
For this conference co-organized by the University Paris-Dauphine and Arrow Financial Consulting, six roundtables will address the specifics of risk management in Islamic banks (credit risk, market risk, operational risk, legal risk, risk liquidity risks in order of religious interpretation. Our partners Oracle, Thomson Reuters and Altima Charles Riley also address the need to develop reliable decision tools and the need to industrialize the process.
Paris Thursday, January 28, 2010
Raymond Aron Hall 2 nd Floor
Place du Maréchal de Lattre de Tassigny 75775 PARIS Cedex 16
source : islmaicfinancefrance