Moody’s reports on Islamic financial institutions’ risk profiles
Risk management is at the heart of banks’ financial intermediation process. Islamic financial institutions, like their conventional banking peers, face many challenges in adequately defining, identifying, measuring, selecting, pricing and mitigating risks across business lines and asset classes, albeit that the actual risks may differ, says Moody’s Investors Service in its special report entitled “Risk Issues at Islamic Financial Institutions”.
“Risk management has assumed utmost importance at a time when complexity and volatility in financial markets have become both differentiating factors building competitive advantages and sources of risk entanglement,” says Anouar Hassoune, a Moody’s Vice President/Senior Credit Officer and author of the report.
– www.theasianbanker.com (January 31 2008)–