slamic Law, Risk Management and Financial Stability
The Islamic concept of 'no risk, no gain' does not mean that a creditor or an investor
should attach no importance to managing risk, especially the non-residual or
manageable risks. On the contrary, Islamic law requires professional management and
handling of wealth, as provided for in many statutory authorities of this law.
Fruthermore, wealth protection (ln'f: (II-manl) constitutes a fundamental objective of
Shariah. introduction of acceptable measru‘es and tools to protect businesses therefore,
as observed by Arbouna (2006) serves the prupose of Islamic law in protecting
wealth.