Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are Sharia-compliance specific Information Technology risks in your experience?

And how to tie a Sharia compliance objective with the Information Technology?

user-image
Question added by Deleted user
Date Posted: 2013/11/29
Iptisam Hassan
by Iptisam Hassan , Information security operations manager , Noor Bank

sharia complaint specific technology risks are as below ;

  1. core banking system product overdrawing accounts
  2. cross platform interest computation when integrating with the Islamic banking module
  3. lack of a sharia compliance policy and guidelines to assess systems against it
  4. lack of sharia compliance awareness
  5. lack of sharia - specific technology and internal controls guideline

More Questions Like This