Operational risk can be defined as a risk that arises from the execution of the business functions of an Islamic bank.

Question

Quizplus · Accepted Answer

Operational risk in an Islamic bank, similar to any financial institution, refers to the risk of loss resulting from inadequate or failed internal processes, people, systems, or from external events. This encompasses risks arising from the execution of the bank's business functions.

Operational Risk Can Be Defined as a Risk That Arises