Mapping the Risks and Risk Management Practices in Islamic Banking

CHAPTER 11Conclusion and Research Recommendations

This final chapter summarises the main results and presents the conclusion of the book. It brings together all the findings and ideas discussed throughout this research. To reiterate, this study was undertaken with the objective of evaluating the contemporary risk management practices in Islamic banking. In meeting this broad objective, the views and opinions of the sampled Islamic banking professionals were obtained through a survey questionnaire and in-depth interviews. The results of the survey and interviews were analysed and compared with the theoretical framework and the related literature.

This chapter briefly recapitulates the salient conclusions derived from the findings of this research. In addition, it also presents the main policy and practical recommendations for enhancing risk culture and architecture in Islamic banking. Finally, the research limitations and suggested future research topics will be presented.

SUMMARY OF THE RESEARCH

As laid down in the introductory chapter (Chapter 1), the main aim of this research was to investigate the perceptions and views of professional bankers and financiers one way or another involved in the provision of Islamic financial and banking products across different regions about risk management in Islamic banking, with the objective of mapping out the various issues related to risk through the perceptions of the participants, namely bankers, financiers and scholars.

The study, ...