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What are major challenges and risks facing Islamic finance and banks today? How serious are these challenges and risks? Discuss them in an essay form

What are major challenges and risks facing Islamic finance and banks today? 



How serious are these challenges and risks? Discuss them in an essay form by pointing out possible causes of those challenges and risks. Elaborate your answer with examples in comparison with conventional banks.


Can you first explain what Bai' al-Gharar is and then give 3 examples for its prohibition? 

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Islamic finance and banks face several challenges and risks that hinder their growth and stability Some of the significant challenges are competition with conventional banks lack of standardization re... blur-text-image

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