On course for success



This course is exclusively designed to provide comprehensive and practical knowledge of Risk Management in Islamic financial services. It also highlight relevant features, criteria, standard, policies, regulation as well as operations that related to risk issues.  What are the current developments and trends ahead for the Islamic financial institutions in mitigating risk in the sectors? What are the successes of managing risk in Islamic Finance? What are the criteria and structure of Islamic risk in Islamic Financial services? All these issues will be covered in this course.


  • Understand the framework and structure of Islamic Financial Services
  • Acquire the knowledge of risk in Islamic Financial Services
  • Identify types of risk in Islamic Finance
  • Identify the criteria and principles in mitigating risk in structuring Islamic financial product and instrument
  • Examine several Shariah and legal risks in documentation and structuring Islamic financial services? banking, securities and Takaful
  • Explore and update current issues on risk in Islamic financial services
  • Review and update the challenges of risk in Islamic Finance

Program Outline

  • Nature of Risk & Risk Management Process of Islamic Financial Institution
  • Risk in Islamic Financial Services: A Shariah Perspective
  • Legal & Shariah Compliance Risk in Islamic Finance
  • Financial Contracts, Risk Management and Corporate Governance in Islamic Finance
  • Credit, Market & Equity Investment Risk in Islamic Finance
  • Reporting of Financial Risk: Reporting Standards & Transparency
  • Operational Risk, Shariah Compliance & Internal Control System
  • Capital Adequacy Ratio & Liquidity of Islamic Financial Institution

Who Should Attend

  • Manager
  • Assistant Manager
  • Executives

The Expert


Nik Shahrizal is an Executive Director in PwC Malaysia and has over 10 years of experience in the financial sector, both in the UK and in  Malaysia. He specialises in the area of Islamic Finance and is part of the firm?s Global Islamic Finance Team (GIFT). He graduated with an Accounting and Finance degree from Lancaster University and qualified as a chartered accountant with the  Institute of Chartered  Accountants in England and Wales. Nik has been assisting various clients on Islamic Finance structures and transactions. He is also a representative for the MASB Working Group Committee on Islamic Financial Reporting and has contributed a number of articles on Islamic Finance in the local media.


Dr. Syed Musa Alhabshi is a consultant with International Institute of Islamic Finance Inc providing advisory, research and training services to the Islamic financial services industry. He serves as an independent non-executive director with Takaful and Re-Takaful companies . At the international level, he has served as a Board Member to the Accounting Standard Board Member of the Accounting, Auditing Organization for Islamic Financial Institution (AAOIFI) in Bahrain and was directly involved in setting reporting, auditing and  governance  standards for Islamic Financial Institutions. With Islamic Financial Services Board (IFSB) as a consultant he was involved in the development of  IFSB BASLE Pillar III for Islamic Financial services industry.

Download Brochure
Location Map
▲ Top