Reputation Risk Management in Islamic Financial Institutions: A Case of Tabung Amanah Islam Brunei

International Journal of Economics and Management Studies

© 2015 by SSRG - IJEMS Journal

Volume 2 Issue 6

Year of Publication : 2015

Authors : Mohamed Sharif Bashir, Fathima Sulaiha Mohamed Shafeek, Muslichah Mohammad Machali

10.14445/23939125/IJEMS-V2I3P106

How to Cite?

Mohamed Sharif Bashir, Fathima Sulaiha Mohamed Shafeek, Muslichah Mohammad Machali, "Reputation Risk Management in Islamic Financial Institutions: A Case of Tabung Amanah Islam Brunei," SSRG International Journal of Economics and Management Studies, vol. 2,  no. 6, pp. 18-22, 2015. Crossref, https://doi.org/10.14445/23939125/IJEMS-V2I3P106

Abstract:

Reputation is an intangible asset to an organization. Hence, its awareness and management is as important as any other risk. This study discusses the management of reputational risk in Tabung Amanah Islam Brunei (TAIB), an Islamic financial institution in Brunei Darussalam, together with the understanding and awareness among its staffs. The main objective 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 TAIB. For collecting data, a questionnaire has been used. The findings have indicated that the organization believes that all types of risk are serious and thus need to be dealt with accordingly. An effective and efficient monitoring of risks ensures that any Islamic financial institution is protected from the adverse effects of reputational risk. Reputation risk and other types of risk management are considered seriously in TAIB and other Islamic financial institutions. Future research is needed to develop the areas of reputation risk management with special reference to Islamic financial institutions in Brunei as well as worldwide.

Keywords:

Brunei Darussalam, Islamic banking and finance, Islamic financial institutions, reputation risk, risk management.

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