Vol 2, No 2 (2014)

Specific Risk Management Islamic Banking with Special Reference to Bosnia and Herzegovina

Amra Nuhanović

Abstract

Islamic banking system could be the answer to future economic crisis, and hence deserves a much deeper analysis of its rules and regulations. The research is done with a view to the best way to explain one particular aspect of banking, the Islamic (interest -free) banking. This concept is of great interest, not just for the academia, but to wider public as well, since the principles underlying the Islamic (interest-free) banking bring new guidelines to the banking industry. In that line, this study tackles two issues. Namely, an attention is paid to the specific risk management in Islamic (interest -free) banking, and the influence of the global financial crisis on this type of banking. Generally, the paper tries to explain that with the assistance of the Islamic banking, all major crises can be prevented, thus saving the entire economic system of large losses. In addition, great attention is focused to the Islamic banking sector of Bosnia and Herzegovina, by underlining its development and current position within the complex economic and social conditions of the country.

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Keywords

Islamic (interest-fee) banking; Global financial crisis; Bosnia and Herzegovina

Publication information

Volume 2, Issue 2
Year of Publication: 2014
ISSN: 1857 - 8721
Publisher: EDNOTERA

How to cite

Nuhanović, A. (2014). Specific Risk Management Islamic Banking with Special Reference to Bosnia and Herzegovina. Journal of Applied Economics and Business, Vol 2, No. 2, 37-50.