contestada

what are some of the main aspects of islamic finance that makes it difficult for banks based in the western world to offer financial services? g

Respuesta :

Islamic banks face risks related to rate of return, noncompliance, equity investment, and displaced commercial activity are some of the main aspects of islamic finance that makes it difficult for banks based in the western world to offer financial services.

The lack of industry efforts to assist small traders and the poor, the issue of how to deal with inflation, late payments, the absence of sharia-compliant locations to park short-term funds for liquidity, the fact that non-Muslims own some companies, and the lack of hedging of currencies and rates are some other issues/complaints that have been made.

The creation of a suitable risk management environment is covered in Risk Management for Islamic Banks, along with a stage-based implementation strategy that includes risk identification, measurement, mitigation, monitoring, controlling, and reporting.

Read more about financial services at

https://brainly.com/question/23007434

#SPJ4

ACCESS MORE