Emira KOZAREVIC, Mirnesa NURIKIC BARAKOVIC, Senija NUHANOVIC

Specifics of risk management in Islamic Finance and Banking, with Emphasis on Bosnia and Herzegovina

Artan küreselle ş mi ş finansal kurumları n i ş faaliyetleri ve kapitalist piyasaları n liberalle ş mesikaç ı nı lmaz olarak kurumları n risk türlerinde hem çe şitlilik hem de yoğunluk bağlam ı nda bir artı şayol açm ı ş tı r. Bankaları n riskli faaliyetleri kendi hissedarları nı n refahı nı oluş turmada kaynak te ş kiletti ğinden özellikle de bankac ı l ı k sektörü başta olmak üzere kurumları n risk yönetimi ciddi biröneme sahiptir. İslami bankac ı l ı k bağ lam ı nda risk yönetimi henüz yeterince geli ş memi ş tir. İslamibankac ı l ı ğı n risk yönetiminde belli spesifik özellikleri i ş dünyas ı nı n kendine has yönetim tarz ı ylaili ş kilidir. Günümüzde İslami bankalar ço ğunlukla risk yönetimi için kendi i ş dünyaları nı Ş eriatkanunları na göre adapte ederek konvansiyonel ürünleri kullanma yoluna gitmektedir. BosnaHersekteki İslami bankac ı l ı k ve finans sektörü her ne kadar melez bir İslami bankac ı l ı k olsa daGüneydoğu Avrupa bölgesindeki tek İslami bankac ı l ı k sektörününün faaliyetlerinioluş turmaktadı r. Bu çal ı ş ma İslami bankac ı l ı ğ ı n risk yönetim özelliklerini incelemektedir .

Bosna ve Hersek özelinde İslami Bankac ılık ve finans ta risk yönetiminin özellikleri

The ever increasing globalization of financial institutions business activities and liberalization ofcapital markets inevitably lead to the increase in both diversity and intensity of the institutions types of risk. Risk management is of the essential importance to the institutions, especially banks,because of the fact that their risky activities are the source of creating wealth for theirstockholders. In terms of Islamic banking, risk management is still not sufficiently developed. Certain specificqualities in risk management in Islamic banks emerge due to a special way in which they run thebusiness. Nowadays, Islamic banks mainly use conventional products for risk management,adopting them to their business in accordance to the Shari ah. Regarding the Islamic finance andbanking in Bosnia and Herzegovina, it is still based on the activities of the bank that, althoughbeing ahybrid Islamic bank, is the only Islamic bank on the territory of South -Eastern Europe.This paper surveys the specifics of its risk management.

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