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Nature-related financial risks & reliefs: an investigation on Malaysian Islamic Banks’ Approaches in Assisting Their Customers

Changes in the global climate is inevitable to be stopped when it is associated to the local’s weathers and environment. Such changes are visible from the changes in patterns of nature-related disasters that are happening in many countries. When it is related to the practices of banks, it is apparen...

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Main Authors: Raja Hassan, Raja Faridatul Shima, Mohd. Zain, Nor Razinah, Hassan, Rusni
Format: Conference or Workshop Item
Language:English
English
English
Published: 2022
Subjects:
BPH Islamic Economics
HF Commerce
K Law (General)
Online Access:http://irep.iium.edu.my/102964/1/AICIF%202022%20194-212.pdf
http://irep.iium.edu.my/102964/8/102964_Nature-related%20financial%20risks%20%26%20reliefs.pdf
http://irep.iium.edu.my/102964/9/102964_Nature-related%20financial%20risks%20%26%20reliefs_Abstract%20Book.pdf
http://irep.iium.edu.my/102964/
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spelling my.iium.irep.1029642023-01-12T03:49:39Z http://irep.iium.edu.my/102964/ Nature-related financial risks & reliefs: an investigation on Malaysian Islamic Banks’ Approaches in Assisting Their Customers Raja Hassan, Raja Faridatul Shima Mohd. Zain, Nor Razinah Hassan, Rusni BPH Islamic Economics HF Commerce K Law (General) Changes in the global climate is inevitable to be stopped when it is associated to the local’s weathers and environment. Such changes are visible from the changes in patterns of nature-related disasters that are happening in many countries. When it is related to the practices of banks, it is apparent that nature-related financial risks cannot be dismissed without a proper consideration. Simultaneously, their customers who are facing unfortunate circumstances increasingly demand their banks to provide a proper consideration on reliefs in mitigating their situation. This research is carried out to investigate the current approaches that are taken by Islamic banks in Malaysia relating to (i) their nature-related risks and (ii) their available reliefs which they provide for their customers. This research is important as an evaluation on the current practice of Islamic banks in assisting their customers while facing disasters which seem heightening the negative impact on their socio-economic lives and daily businesses. This research applies qualitative research, observation from the Islamic banking and finance practices and analysing available data, especially floods which have affected Malaysia at national level. As part of the findings, certain Islamic banks in Malaysia have taken a progressive approach in providing reliefs for their customers. However, it appears that there is some lagging when considering the nature-related financial risks. 2022-12-08 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/102964/1/AICIF%202022%20194-212.pdf application/pdf en http://irep.iium.edu.my/102964/8/102964_Nature-related%20financial%20risks%20%26%20reliefs.pdf application/pdf en http://irep.iium.edu.my/102964/9/102964_Nature-related%20financial%20risks%20%26%20reliefs_Abstract%20Book.pdf Raja Hassan, Raja Faridatul Shima and Mohd. Zain, Nor Razinah and Hassan, Rusni (2022) Nature-related financial risks & reliefs: an investigation on Malaysian Islamic Banks’ Approaches in Assisting Their Customers. In: 10th ASEAN International Conference on Islamic Finance 2022 (AICIF-10): The Role of Islamic Banking and Islamic Social Finance for Economic Sustainability, 6th to 8th December 2022, Double Tree by Hilton Kuala Lumpur, Malaysia. (Unpublished)
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
English
topic BPH Islamic Economics
HF Commerce
K Law (General)
spellingShingle BPH Islamic Economics
HF Commerce
K Law (General)
Raja Hassan, Raja Faridatul Shima
Mohd. Zain, Nor Razinah
Hassan, Rusni
Nature-related financial risks & reliefs: an investigation on Malaysian Islamic Banks’ Approaches in Assisting Their Customers
description Changes in the global climate is inevitable to be stopped when it is associated to the local’s weathers and environment. Such changes are visible from the changes in patterns of nature-related disasters that are happening in many countries. When it is related to the practices of banks, it is apparent that nature-related financial risks cannot be dismissed without a proper consideration. Simultaneously, their customers who are facing unfortunate circumstances increasingly demand their banks to provide a proper consideration on reliefs in mitigating their situation. This research is carried out to investigate the current approaches that are taken by Islamic banks in Malaysia relating to (i) their nature-related risks and (ii) their available reliefs which they provide for their customers. This research is important as an evaluation on the current practice of Islamic banks in assisting their customers while facing disasters which seem heightening the negative impact on their socio-economic lives and daily businesses. This research applies qualitative research, observation from the Islamic banking and finance practices and analysing available data, especially floods which have affected Malaysia at national level. As part of the findings, certain Islamic banks in Malaysia have taken a progressive approach in providing reliefs for their customers. However, it appears that there is some lagging when considering the nature-related financial risks.
format Conference or Workshop Item
author Raja Hassan, Raja Faridatul Shima
Mohd. Zain, Nor Razinah
Hassan, Rusni
author_facet Raja Hassan, Raja Faridatul Shima
Mohd. Zain, Nor Razinah
Hassan, Rusni
author_sort Raja Hassan, Raja Faridatul Shima
title Nature-related financial risks & reliefs: an investigation on Malaysian Islamic Banks’ Approaches in Assisting Their Customers
title_short Nature-related financial risks & reliefs: an investigation on Malaysian Islamic Banks’ Approaches in Assisting Their Customers
title_full Nature-related financial risks & reliefs: an investigation on Malaysian Islamic Banks’ Approaches in Assisting Their Customers
title_fullStr Nature-related financial risks & reliefs: an investigation on Malaysian Islamic Banks’ Approaches in Assisting Their Customers
title_full_unstemmed Nature-related financial risks & reliefs: an investigation on Malaysian Islamic Banks’ Approaches in Assisting Their Customers
title_sort nature-related financial risks & reliefs: an investigation on malaysian islamic banks’ approaches in assisting their customers
publishDate 2022
url http://irep.iium.edu.my/102964/1/AICIF%202022%20194-212.pdf
http://irep.iium.edu.my/102964/8/102964_Nature-related%20financial%20risks%20%26%20reliefs.pdf
http://irep.iium.edu.my/102964/9/102964_Nature-related%20financial%20risks%20%26%20reliefs_Abstract%20Book.pdf
http://irep.iium.edu.my/102964/
_version_ 1755872127189254144
score 13.211869

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