How Risk Management can be Utilized in Islamic Banking
Risk Management refers to the process through which risk exposure of a bank is recognized, analysed and mitigated. Hadith teaches that man should diversify assets and not put all his eggs in one basket.
This is to adopt general measures against risk. Islamic liquidity instruments in the financial markets are less effective and less liquid than the conventional market.
This edition of the Islamic Finance Weekly anchored by Bukola Akinyele- Yisau features AbdulWaheed Shitta, a graduate of Banking and Finance from Yabatech and Olabisi Onabanjo University Ago-Iwoye Ogun State, who speaks on "Opportunities and Challenges of Islamic Banking and Treasury Management in Nigeria".
According to him, Non-Interest Banks in Nigeria, need more instruments to boost liquidity under the Basel III requirements of the global banking system.
He also emphasizes the need for effective risk management for noninterest banks in Nigeria.