The Islamic banks and financial institutions have utilized the conventional risk management techniques prior to the development of Sharī'ah-oriented framework for risk management.

Question

Quizplus · Accepted Answer

Islamic banks initially adopted conventional risk management techniques due to the lack of a developed Sharī'ah-compliant framework at the time. They later evolved to incorporate risk management practices that align with Islamic finance principles.

The Islamic Banks and Financial Institutions Have Utilized the Conventional