The Role of Qualitative Financial Engineering in Managing Risks of Financing Contracts in Islamic Banks
Journal Title: مجلة الزرقاء للبحوث والدراسات الإنسانية - Year 2018, Vol 18, Issue 2
Abstract
This study tackles the most important applications of qualitative financial engineering used in risk management of Islamic financing contracts. It is based on a descriptive analytical approach. The results proved that qualitative financial engineering tools would help in risk management in different ways; some of these risks can be transferred to other parties such as conducting cooperative insurance contracts as well as Parallel Contracts, particularly, parallel Salam and parallel Istisna'a. Risk management also can be achieved through reducing some of these risks through various guarantees such as mortgages and guarantors. It can be reduced also by keeping the property of the asset to the bank until the last payment of customer’s commitment through lease-to-own or lease purchase contract. Also risk management can be applied by avoiding risk by specific applications of contracts as Al Jua'la; when it is used by banks for marketing and selling goods and services of certain companies in exchange of commission, and also through the securitization of certain assets.
Authors and Affiliations
Malak Khasawneh
Keywords
Related Articles
- EP ID EP658863
- DOI -
- Views 92
- Downloads 0
A Miracle for the Mu'tazila and Asha;era Groups
This research is about "the miracle of the Mu'tazil and the Ash'ara" in terms of its implications. The researcher listed the refutations to these conditions and implications which were incompatibles with the real inciden...
Innovative Legal Links to Serve the Economic Value of the Trade Mark
The economic value of the trademark stems from its function, where industrial products, traded goods and other services are distinguished. Such distinction should attract clients to the quality and quantity of goods that...
Procedural Actions Affecting Penal Order "Analytical Study in Jordanian Penalties Procedure Law"
The penal provision, like any procedural action, must meet several conditions in order to have its legal effects. The penal provisions are divided in terms of their validity into correct and defective provisions. The val...
The Study of Omar Khayyam’s Status in Egypt based on the Arabic Translations of his Quatrains
Omar Khayyam is the most famous Persian poet in the Arab world. His quatrains have been translated into Arabic more than ninety times. No other Persian poet in any times has ever received so much attention. It is believe...
Use of Social Media Sites as Information Resourcesby the Faculty of Educational Sciences Students at Zarqa University and their Attitudes towards Them
This study aimed at investigating the status Quo use of social media sites as information resources by students of the Faculty of Educational Sciences at Zarqa University and their attitudes towards them. Population of...