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Risk Avoidance or Elimination Techniques in Islamic Banks Include

Question 130

Multiple Choice

Risk avoidance or elimination techniques in Islamic banks include:


A) measures that promote risk sharing start from the contractual stage; most contractual terms in Islamic commercial transactions were legislated to share risks
B) all business-related documents must be standardized in line with the requirements of the Sharī'ah and endorsed by the Sharī'ah Board of an Islamic bank.
C) all processes, procedures and services rendered by the financial institution should also be subject to the approval of the Board of Directors of an Islamic bank.
D) all of the above

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