Islamic insurance discusses risk management and how risk is measurable, avoidable, and manageable while uncertainty is not. Risk management is a process that identifies, measures, mitigates, controls, reports, and monitors various risk exposures.
Islamic insurance discusses risk management and how risk is measurable, avoidable, and manageable while uncertainty is not. Risk management is a process that identifies, measures, mitigates, controls, reports, and monitors various risk exposures.
Islamic insurance discusses risk management and how risk is measurable, avoidable, and manageable while uncertainty is not. Risk management is a process that identifies, measures, mitigates, controls, reports, and monitors various risk exposures.
Risk is measurable/quantifiable; hence is avoidable is manageable is transferable Uncertainty is not measurable Risk management is the process by which various risk exposures are identified measured/ assessed mitigated and controlled reported and monitored