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REPUTATION RISK MANAGEMENT IN ISLAMIC FINANCIAL INSTITUTIONS: A CASE OF TABUNG AMANAH ISLAM BRUNEI
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| Author | MUSLICHAH (Tim: Anggota 2) |
| ID | 202.710.120 |
| Published Date | 26-02-2016 |
Abstract
-Reputation is an intangible asset to an organization Hence, its awareness and management is as important as any other risk. This study discuses the management of reputational risk in Tabung Amanah Islam Brunei (TAIB), an Islamic, financial institution in Brunei Darussalam, together with the undertanding and awereness among is staffs. The main objetive of the present study is to provide an overview of how TAIB views its reputational risk. An interview via e-mail was conducted with the risk management officers of TAIBcollecting data, a questionnaire has been used. The findings have indicated that the organization believes that all types of risk are serous and this need to be dealt with eccordingly. An effective and efficient monitoring of risks ensures that any Islamic financil institution is protected from the adverse effects of reputational risk. Reputation risk and other types of risk management are considered seriously in TAB and other Islamic finai institution. Future research is needed to develop the areas of reputation risk management with special reference to Islamic financial instis in Brunei as weill as worldwide. Keywords: Brunei Darussalam, Islamic banking and finance, Islamic financial Institutions, reputation risk, risk management.