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1. RISK
MANAGEMENT
DPD50193
NUR ALIA SOFIA BINTI SALIM 30DIB21F1015
NURULFITRI BINTI OMAR 30DIB21F1013
NUR ANIS SOFIYYA BINTI ZURAIDE 30DIB21F1005
WAHIDA AMALIN BINTI HASHIM 30DIB21F1018

2. Overview
Introduction
Halal and haram in
muamalat islamic
banking
Advantages of
implementation ISO
Disadvantages of
implementation ISO
Halal and haram in risk
management process
Conclusion
1.
2.
3.
4.
5.
6.

3. Introduction
Muamalat
Muamalat in Islamic finance refers to transactions governed by Sharia, avoiding
interest and excessive uncertainty. In Islamic banking, muamalat includes halal
practices like profit-and-loss sharing, trade financing, and Sharia-compliant
mortgages. These transactions adhere to ethical guidelines and aim to be consistent
with Islamic principles. Islamic banks have specific guidelines and Sharia boards to
ensure compliance.

4. Halal and Haram in Islamic Banking
Riba (Interest)
Prohibition
Avoidance of
Gharar
Prohibition of
Maysir
Asset-Backed
Financing

5. Halal and Haram in Islamic Banking
Avoidance of
Haram
Investments
Permissible
Practice of Bai'
Al-Dayn
Ethical and
Socially
Responsible
Investments
Balancing
Speculation in
Islamic Finance

6. Advantages of Implementing ISO
Legal Compliance
Establishes a framework for identifying, monitoring, and complying with
environmental requirements.
Demonstrates commitment to legal, regulatory, and contractual
obligations, enhancing public perception.
Higher Success Rate
Ensures accurate data for improvement activities, increasing the likelihood of
successful initiatives.
Facilitates efficient tracking, problem correction, and faster recovery, saving
time and money.
Cost Control
Traces, controls, and mitigates environmental incidents, reducing costs related to
fines and reparations.
Utilizes EMS for energy preservation and efficient use of input materials,
contributing to cost reduction.

7. Advantages of Implementing ISO
Supplier Engagement
Integrates suppliers into the enterprise's business systems,
encouraging better environmental performance.
Reputation and Stakeholder Confidence
Improves company reputation through deliberate communication about
environmental commitment.
Boosts stakeholder confidence with transparent practices and responsible
environmental management.
Leadership Involvement and Employee Engagement
Increases leadership involvement and engages employees through
commitment to environmental responsibility

8. Disadvantages of ISO
Time and Resource Demands
Implementation demands significant time and resources, potentially
burdening small or resource-constrained businesses with delays and
higher expenses.
Complicated Documentation Requirements
Requires thorough documentation of environmental policies, methods, goals,
and records, posing challenges, especially for organizations new to
management systems..
Insufficient Dedication from Top Management
Effective implementation requires strong commitment and support from top
management; lack of involvement may result in subpar implementation and minimal
environmental improvements.

9. Disadvantages of ISO
Challenges in Continuous Improvement
Struggles in tracking advancement, defining areas for improvement, and
establishing useful performance metrics, hindering continuous
improvement in environmental performance.
Compliance and Expectations from External
Stakeholders
Meeting constantly changing environmental regulations and external
expectations may pose challenges, risking harm to the company's reputation and
legal ramifications if not addressed.
Limited Focus on Environmental Performance
Critics argue that ISO 14001 places more emphasis on establishing a management
system than directly improving environmental performance, potentially leading to
greenwashing practices.

10. Halal and Haram in Risk
Management in Islamic Finance
Halal
(Permissible)
Ethical
Investments
Transparency
Requires transparent financial
transactions, disclosing risks
and returns to stakeholders.
Ensures risk management
strategies align with Islamic
ethics.
Emphasizes risk
management in
businesses and
activities aligned with
Islamic principles.

11. Halal and Haram in Risk
Management in Islamic Finance
Haram
(Prohibited)
Avoidance of
Interest
(Riba)
Avoidance of
Speculation
(Gharar)
Prohibits highly speculative or
uncertain investments in risk
management.
EAdheres to Islamic principles
by avoiding excessive
uncertainty
Prohibits involvement in
interest-based transactions
or investments. Ensures risk
management excludes
interest-bearing
instruments.

12. Halal and Haram in Risk Management
in Islamic Finance
Implements diversification
to spread risks across
various assets.
Ensures the diversified
portfolio remains compliant
with Islamic principles.
Asset Diversification
Engages Sharia boards or
scholars to review risk
management strategies.
Seeks guidance on the halal or
haram status of certain risks
or investments.
Sharia Compliance Review
Includes ethical screening
criteria in risk management
processes.
Determines compliance with
Islamic ethical guidelines for
halal investments.
Ethical Screening

13. THANK YOU