Risk Management Introduction

Albaraka Bank Limited (ABL) recognises that effective risk management is fundamental to achieving its strategic objectives while protecting depositors, shareholders, and maintaining Shariah compliance. The Bank has adopted an enterprise-wide risk management framework to ensure key risks are identified, assessed, monitored, and managed within approved risk appetite levels.

Governance and Oversight
The Board of Directors retains ultimate oversight responsibility for risk governance. Management is responsible for implementing and embedding sound risk management practices across all operations. Board and management committees oversee specific risk areas to ensure regulatory compliance and effective governance.