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Islamic Finance Briefing - Categorized | Banking, People more

Islamic banks urged to be wary of risks they face

Posted on 24 May 2011

Islamic banks needed to manage the risks in the financial system ahead of any possible crisis or downturn, business advisory firm PricewaterhouseCoopers (PwC) warned at the weekend.
Mohammad Faiz Azmi, global leader of PwC’s Islamic finance team, said: “Risk management is an issue which cannot be ignored by any financial institution, but Islamic banks in particular need to establish risk management credibility as they aspire to move into the mainstream of the financial system.”………………………………………Full Article: Source

 
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