Publication: A Case Study On The Risk Management Model Of An Islamic Banking In Jaiz Bank: An Institutional Perspective
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Date
2024-04
Authors
Tela, Umar Mohammed
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Abstract
Effective risk management is critical for the safety and growth of banks, whether conventional or Islamic banks, and its relevance has grown over time, especially in the aftermath of the great crisis. Although risk management is an area of significant concern to the Islamic banking setting, it remains an under-researched field of study, particularly in developing countries like Nigeria. Previous studies about risk management practices have focused on the conventional setting, with little emphasis on Islamic banks. Islamic banks have partnership and sale-based products, which are not interest bearing as in the conventional system. Islamic banks face more unique risks to manage than those traditionally shared with conventional counterparts due to their products and business operations, which require them to be Sharia compliant. Given the limited literature on Islamic banking risk management, the current study has explored the issues surrounding the application of risk management outside of the conventional banking environment. More specifically, the study aims to provide an in-depth understanding and analysis of Islamic banking risk management model in terms of how it is implicated in banking operations and performance. To achieve these objectives, this study adopts a qualitative case study research approach by focusing on a Nigerian Islamic bank, Jaiz Bank Plc (Jaiz Bank), as a case organisation. Data analysis is performed using thematic analysis. Institutional Theory is employed as a theoretical lens to probe into how institutional pressures influence the institutionalisation process of the risk management model in Jaiz Bank. The research findings are analysed and interpreted using institutional isomorphism.
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A Case Study On The Risk Management