Types of Risk

Hassan (2009) identifies three types of risks from the Islamic perspective. First, is the essential risk that is inherent in all business transactions. The second risk is the prohibited risk in the form of excessive gharar. The final form of risk identified by Hassan is the permissible risk that does not fall in the above two categories. For further details see: ISRA, Islamic Financial System; Principles and Operations.

Legal Risk

Longevity Risk





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