Risk management plays a major role in the success and survival of various financial institutions around the world. Islamic Financial institutions not being the exception, on the contrary, given the authenticity of their modus operandi and the nature of their financial products, are obliged to use more credible and rigorous risk management systems. A thorough review of the Islamic economy literature based on books, research articles, monographs and reports, was conducted to prepare this study. The main objective is to define and explain the risk management tools (Urboun, Hamish al-Jiddiyah, Khiyarat, Rahn, etc.) used by Islamic financial institutions in financing instruments (Mourabaha, Ijarah, Salam, etc.), in order to unveil their nature and specificity. Which enabled the creation of a summary table presenting the Risk management tools, the products in which they are used and the risks for which they are used.
Foreign banks, governance and performance of privatized banks We examine the post-privatization performance of 72 banks from 26 developing countries, 21 banks were privatized by foreign bank entry. Our results suggest that privatization doesn’t have an important effect on the performance of privatized banks. Our results suggest also that foreign bank and their cognitive contribution improve privatized bank performance measured by capital adequacy, assets quality and liquidity. The success of bank privatization depends on the specific skills and on the know-how brought by the foreign bank. JEL Classification : G21 ; G28 ; G32, L33
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