scholarly journals PENGEMBANGAN KERANGKA MANAJEMEN RISIKO PADA PERBANKAN SYARIAH

2019 ◽  
Vol 4 (1) ◽  
pp. 46-67
Author(s):  
Diah Novianti

Islamic banking such as the other business institution will face different kind of risk that inherent on its main business activity. In business, risk defined as a posibillity an can appear every time, before, when, and after the decision making. Islamic banking faced different risk with the conventional banking, because its uniquenes. Thus, the development of risk management framework in Islamic banking is very important to do, especially in frame of  risk identification, measuring, mitigation and monitoring. This paper will discuss about risk management in Islamic Banking, in theoretically and the implementation of risk management. The scope of this study will include the identification of risk in Islamic Banking, stage of risk management in Islamic Banking, risk management model, and also the devolpment of risk management framework in Islamic Banking.

2011 ◽  
Vol 323 ◽  
pp. 217-221 ◽  
Author(s):  
Yun Li Gao ◽  
Qing Chun Wang

As the scale of investment on projects increases, manufacturing project integrated risk management becomes more important. The content and relationship of the integrated risk manufacturing management framework are discussed in the paper. The framework is composed of five parts which are the integration of risk management targets, total life cycle, processes and methods, organization and information system. In the different phase of total life cycle, depending on the risk management information system, project risk management organization who is in the form of virtue team promotes the risk management loop which is composed of the risk identification, risk evaluation, risk handling and risk monitoring (IEHM), to achieve the project targets. The integrated risk management framework is presented by the systematic method. The framework provides the basis for further development of integrated risk management.


2015 ◽  
Vol 5 (5) ◽  
pp. 1-6
Author(s):  
Aisyah Abdul-Rahman ◽  
A.M. Hafizi

Subjectarea The case is suitable for use in the topics related to the functions and roles of Islamic pawn-broking and the Islamic risk management framework. Studylevel/applicability The case is designed for undergraduate and postgraduate students taking courses in Islamic Banking, Islamic Finance and Risk Management for Islamic Banking Institutions. Case overview This case is meant to explain the mechanics of pawn-broking (Ar-Rahnu) in Islam as well as to understand the risk management of Ar-Rahnu in the bank. Ar-Rahnu is discussed, in general, from the perspective of muamalat and then is related to the financing service offered through Ar-Rahnu scheme at Al-Qamari Bank Berhad (a disguised bank). Ar-Rahnu means making an asset as a security or collateral for a debt. The collateral will be used to settle the debt when the debtor is in default. It may also be known as borrowing with either collateral or pawn-broking. In Al-Qamari Bank Berhad, gold and jewellery are the subject of collateral for Ar-Rahnu. In return, customers will get the cash based on the margin of loan with regards to the current market value of gold/jewellery as determined by the bank. The operation of Ar-Rahnu is discussed in Exhibit 1, while the risk management of Ar-Rahnu is discussed in Exhibit 2. Expectedlearning outcomes The learning outcomes include: to identify a problem and issue related to Ar-Rahnu; to evaluate the modus operandi of Ar-Rahnu; to analyze the risk management practices of Ar-Rahnu; and to develop decision criteria on whether Ar-Rahnu in Al-Qamari bank is Shariah-compliant or not. Supplementarymaterials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes.


Author(s):  
Sarah Vilarinho ◽  
Miguel Mira da Silva

ITIL is considered a framework of Best Practice guidance for IT Service Management, and it is widely used in the business world. In spite of this, ITIL has some gaps in Risk Management specification. This chapter approaches this problem in ITIL and compares IT risk management in ITIL to other IT Governance Frameworks. Despite ITIL stating that risk should be identified, measured, and mitigated, it is not clear on how to proceed (no concrete process is defined on how to deal with risk). To solve this, the authors propose to map the M_o_R risk management framework in ITIL, mapping every M_o_R process in ITIL, therefore adopting a strong risk management in ITIL, based on concrete guidelines, without changing the framework. In this chapter, the authors summarize the necessary guidelines and show a planning for future work.


Author(s):  
Ghaleb Y. Abbasi

A comprehensive risk management framework (RMF) was developed and introduced to help management deal with the project risks in today’s changing world using a well-defined process. Several projects were analyzed to determine their causes of failure and identify risk elements. The RMF consisted of six phases; project identification, risk identification, risk assessment, response development, contingency planning, and implementation and control. Each process must be tailored to the particular circumstances of the project and of the organization undertaking it. The RMF treated risks in a structured process starting by identifying the project and the potential risks, assessing these risks and responding to each risk. Using such an approach management can identify potential risks that may affect the project and respond proactively. The developed framework is comprehensive and applicable for any project type.


2021 ◽  
Vol 21 (6) ◽  
pp. 1935-1954
Author(s):  
Panagiotis T. Nastos ◽  
Nicolas R. Dalezios ◽  
Ioannis N. Faraslis ◽  
Kostas Mitrakopoulos ◽  
Anna Blanta ◽  
...  

Abstract. Risk assessment constitutes the first part within the risk management framework and involves evaluating the importance of a risk, either quantitatively or qualitatively. Risk assessment consists of three steps, namely risk identification, risk estimation and risk evaluation. Nevertheless, the risk management framework also includes a fourth step, i.e., the need for feedback on all the risk assessment undertakings. However, there is a lack of such feedback, which constitutes a serious deficiency in the reduction of environmental hazards at the present time. Risk identification of local or regional hazards involves hazard quantification, event monitoring including early warning systems and statistical inference. Risk identification also involves the development of a database where historical hazard information and hazard effects are included. Similarly, risk estimation involves magnitude–frequency relationships and hazard economic costs. Furthermore, risk evaluation consists of the social consequences of the derived risk and involves cost-benefit analysis and community policy. The objective of this review paper is twofold. On the one hand, it is to address meteorological hazards and extremes within the risk management framework. Analysis results and case studies over Mediterranean ecosystems with emphasis on the wider area of Greece, in the eastern Mediterranean, are presented for each of the three steps of risk assessment for several environmental hazards. The results indicate that the risk management framework constitutes an integrated approach for environmental planning and decision-making. On the other hand, it sheds light on advances and current trends in the considered meteorological and environmental hazards and extreme events, such as tornadoes, waterspouts, hailstorms, heat waves, droughts, floods, heavy convective precipitation, landslides and wildfires, using recorded datasets, model simulations and innovative methodologies.


2018 ◽  
Vol 36 (4) ◽  
pp. 373-384
Author(s):  
David Higgins ◽  
Treshani Perera

Purpose Whilst existing literature on real estate risk management focusses almost exclusively on holistic risk management techniques, documented increases in frequency and magnitude of unforeseen, rare and extreme events can throw up sudden, unexpected shocks that can challenge recognised real estate decision-making strategies. The paper aims to discuss this issue. Design/methodology/approach To advance real estate decision-making practice in this area, this research paper takes the skilfully conceptualised downside risk framework presented by Diebold et al. (2010), being the known (K), the unknown (u) and the unknowable (U) risk categories, to provide a blueprint for effective real estate decision making in a changing global environment. Findings In recording categories of risk, managing uncertainty can be achieved by an interrelated approach of adaption, robustness and resilience. This is important part of a real estate manager’s decision-making toolkit as risk recognition and knowledge of KuU event categories can augment an effective management strategy. Originality/value The mastery of modern real estate risk management can be better served by understanding and managing extreme downside risk events. Creating a comprehensive risk management framework can enhance comparative real estate performance whereby unprepared competitors fail in a world increasingly affected by large, highly improbable and unpredictable events.


2017 ◽  
Vol 24 (3) ◽  
pp. 451-462 ◽  
Author(s):  
Ali Rostami ◽  
Chike F. Oduoza

Purpose Risks play an important role in the success of construction projects. Failure in identification and assessment of risks can lead to inadequacy in the process of managing risks, which in turn can critically affect the projects’ resources. A formal risk management is rarely practised in construction projects due to the lack of contractors’ awareness of key risks. The purpose of this paper is to focus on the investigation of risk factors in construction projects in Italy from contractors’ perspective. Design/methodology/approach Semi-structured interviews were conducted to collect data, based on which a total of ten key risks were ascertained. The identified risks were compared with the findings of the surveys conducted in the Australian and Chinese construction industry to address the unique risks associated with construction projects in Italy. Findings The key risks included delays in payments, client variations, design variations, inaccurate cost estimates, and tight project schedules. The comparison between those three countries specified the delays in payments and project funding problems as the most critical factors that are related to cultural influences and behaviour of clients. The findings assist contractors in the risk identification process, and can be applied to the development of a risk management framework for construction projects. Research limitations/implications The findings of this study cannot be generalised statistically for the whole of Italy as it was constrained geographically, with respondents drawn only from a self-selection sample of construction projects in the Veneto region of Northern Italy. The findings represent a snapshot of the key potential internal and external risks from the perspective of contractors. Originality/value The results of the study specified the key risks of construction projects from the perspective of contractors which can contribute to risk management for construction projects.


2020 ◽  
Author(s):  
Panagiotis T. Nastos ◽  
Nicolas R. Dalezios ◽  
Ioannis N. Faraslis ◽  
Kostas Mitrakopoulos ◽  
Anna Blanta ◽  
...  

Abstract. Risk assessment constitutes the first part within the risk management framework and involves evaluating the importance of a risk, either quantitatively, or qualitatively. Risk assessment consists of three steps, namely risk identification, risk estimation and risk evaluation. Nevertheless, the risk management framework also includes a fourth step, i.e. the need for a feedback of all the risk assessment undertakings. However, there is a lack of such feedback, which constitutes a serious deficiency in the reduction of environmental hazards at the present time. Risk identification of local or regional hazards involves hazard quantification, event monitoring including early warning systems and statistical inference. Risk identification also involves the development of a database, where historical hazard information and their effects is included. Similarly, risk estimation involves magnitude/frequency relationships and hazard economic costs. Furthermore, risk evaluation consists of the social consequences of the derived risk and involves cost-benefit analysis and community policy. The objective of this review paper is twofold: On one hand, to address meteorological hazards and extremes within the risk management framework. Analyses results and case studies over Mediterranean ecosystems with emphasis on the wider area of Greece, in the eastern Mediterranean, are presented for each of the three steps of risk assessment for several environmental hazards. The results indicate that the risk management framework constitutes an integrated approach for environmental planning and decision making. On the other hand, it shed light to advances and current trends in the considered meteorological and environmental hazards and extreme events, such as tornadoes, waterspouts, hailstorms, heat waves, droughts, floods, heavy convective precipitation, landslides and wildfires, using recorded datasets, model simulations and innovative methodologies.


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