Operational risk includes risk arising from non-compliance with the Sharī'ah requirements.

Name: Operational risk includes risk arising from non-compliance with the Sharī'ah requirements.
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Question

Quizplus · Accepted Answer

Operational risk in Islamic finance includes the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events, which encompasses the risk of non-compliance with Sharī'ah requirements.

Operational Risk Includes Risk Arising from Non-Compliance with the Sharī'ah