Artikel

Operational Risk in Islamic Banking is critical and different as compared
to conventional banking. Operational Risk has added dimensions of Shariah
Risk and deeper implications in terms of multiplicity of risks for Islamic
Banks. Dr. Sunil Kumar, Head of Risk Management Middle East explores the
additional dimensions in OpRisk in Islamic Banking article published by IFN
News Guide.

As Financial Risk Management for Islamic Banking and Finance (Palgrave Macmillan) is hitting the shelves, co-author Ioannis Akkizidis spoke with Business Guide to explore risks related to Islamic finance and private banking.

This article published by Swiss magazine Private Banking, reproduces an interview with Risk management expert Ioannis Akkizidis, author of the book Financial Risk Management for Islamic Banking and Finance.

Islamic finance is typified by products which are based around a small number of contracts. Risk in Islamic finance revolves around the nature of these financial contracts. Because of the methods stipulated for participation, however, Shari'ah-compliant financial products are quite different from their conventional counterparts. Islamic financial institutions (IFIs) are exposed to credit risk, market risk, operational risk, equity investment risk and "rate of return" risk. Mushakah, mudarabah, murabaha, ijara, salam and istisna are some of the more popular types of Shari'ah-compliant contracts. Dr Sunil Kumar, Middle East, IRIS integrated risk management ag Switzerland, discusses the risks associated with a murabaha contract and related risk mitigation measures.

Originally published in NewHorizon magazine, January-March 2008.

Islamic Banking has made rapid progress in the last two decades. What started as a social activity in Egypt in the form of Mitghamr Savings Association in the early 1960s became a movement in the 1990s. The setting up of Dubai Islamic Bank and Islamic Development Bank during the 1970s the Islamic Research and Training Institute in 1981, and the Accounting and Auditing Organization for Islamic Financial Institutions in 1990 were landmarks in the development of Islamic Banking.

This paper intends to identify various risks involved in the Large Value Payment System (LVPS). The nature of risk depends of various parameters, such as parties involved, mode and time of settlement and extent and type of technology used. The measures which could control and reduce risks are also discussed.

The author concludes that institutional support (such as that of central banks) is a prerequisite and a conditio sine qua non for making payment systems and thus settlements safe and less risky.

This article discusses about the credit risk that financial institutions are expose to due to a booming market in providing high creditability. The article explains the usage of both Qualitative and Quantitative criteria to evaluate the creditability that institutions should provide to their clients/counterparties. It shows how such creditability must be balanced with the actual counterparty’s rate that also indicates the degree of potential risk exposure. It also emphasizing in the importance of dynamic simulation to design the strategies that could be applied for the existing and new types of credit products. Moreover, it discusses how such simulations and analysis of strategies can be used to increasing profitability as well as providing a transparent picture and management on the future risk exposes. Finally, it shows how the evaluation of creditability and its potential outstanding risks are linked to the three pillars of Basel II.

The article was published in the biggest political & financial Greek Newspaper named KATHIMERINI both on paper and electronic versions.

Vorbereitet für das "Actuarial Studies in Non-Life Insurance" Kolloquium, welche am 19.-22. 2007 in Orlando stattfindet.

Auf Englisch erhältlich

Vorbereitet für das AFIR 2007 Kolloquium in Stockholm

Auf Englisch erhältlich

Auf Englisch erhältlich.

Auf Englisch erhältlich

Financial analysis has become the key element of strategic and operational risk management of financial institutions since the beginnings of the Basel II capital accord in 1988.

Artikel erschienen in der speziale Aufgabe über Banking Solutions der Magazine Banque & Finance, September 2005.

Auf Englisch erhältlich.

Auf Französisch erhältlich.

Aus dem Französisch ins Englisch übersetzt.