Abstract
The emergence of Islamic Banking has opened a whole new phenomenon all
over the world in respect to fiqh-ul-Muamlat, different aspects of the subject is under
discussion by the researchers to strengthen the conceptual area of the industry. As an
important subject of Islamic Banking industry, study regarding Islamic Risk management is
also being conducted. Sharia non-compliance risk is a unique risk of the Islamic banking
industry. In this paper, different Risks of Islamic Banking Industry is explained, especially
sharia non-compliance risk regarding the implementation phase of the product of banking
Murabaha is examined. Different sharia guidelines issued by the regulator of Islamic Banks
regarding Murabaha and the risk factor concerning the non-compliance of the guidelines are
discussed.it is recommended that Islamic banks should strengthen their overall sharia
compliance mechanism to avoid financial loss as well as reputational loss.
Muhammad Mushtaq Ahmed, Javed Khan, Ziauddin. (2019) Research Study Of Sharia Non Compliance Risks In The Perspective Of Banking Murabaha, The International Research Journal Department of Usooluddin, Volume-03, Issue-1.
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