Management of Investment Risks Fund (IRF) In Islamic Banks In The Light of The Decisions of The Shariah Supervisory Board, law and AAOIFI Standards

Abstract

This study aims at revealing the administrative and accounting aspects of the investment risks fund in Islamic banks through the study of the reality of the management of these funds and accountability in the Jordanian Islamic banks, where they were put up important questions relating to the administration of the Fund and its accounting and investment amount accumulated in it. The researcher found that the establishment of such funds needs arising from the nature of Islamic banks and subject to the supervision and control by the central banks. Also, the researcher revealed that there is a difference in the foundations of this fund truncated and accountable between accounting Islamic standard number (11) and the advisory opinion of the Jordanian Fatwa Board. The study revealed that the investment of this fund is forbidden   .

Key words: Investment risks, Islamic banks, Investment risks fund, Mudarabah, Warranty Donation.

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