Answered

IDNLearn.com makes it easy to find accurate answers to your questions. Ask your questions and receive comprehensive and trustworthy answers from our experienced community of professionals.

How can you distinguish between the main features of risk management in Islamic finance from the conventional practice of risk management?

Sagot :

Jayilych4realidn

The main difference between risk management in Islamic finance and the conventional practice of risk management is that the former is based on Sharia laws while the latter is based on checking credit history.

What is Risk Management?

This refers to the identification and control of threats to the long-term goals of a company.

Hence, we can note that in Islamic finance, there is a strict following of the provisions of finance in Islam which are the Sharia laws and they try not to engage in usury but the conventional practice of risk management makes use of modern methods like credit history and financial risk.

Read more about risk management here:
https://brainly.com/question/4678268

We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.