Mapping the Risks and Risk Management Practices in Islamic Banking

CHAPTER 9Exploring Perceptions of Risk and Risk Management Practices in Islamic Banking: Interview Data Analysis

This chapter focuses on the qualitative analysis of data assembled through individual in-depth interviews with Islamic banking professionals. In analysing the data, focused coding technique is used. The objective is to explore the responses of the interviewees in relation to risk practices as conducted in their financial institutions and banks. It is also considered that the findings from this chapter can help to substantiate the findings established in the earlier analyses, but also to develop further meaning in relation to the risk management practices.

In this chapter, the primary data collected through in-depth interviews is summarised and analysed. The outcomes and results are matched with the research objectives. Although the outcomes from the interviews are mainly discussed in this chapter, views and quotes from interviewees are used as supporting arguments throughout this book.

It should be noted that the focused coding method based on thematic understanding is utilised as the main method of analysis.

INTERVIEW ANALYSIS

A detailed explanation in relation to the process and analysis of interviews was given in Chapter 6 on the research methodology. It should be reiterated that the interviews conducted with bankers, financiers and Shari'ah scholars were audio recorded with the permission of the interviewees. When recording was not possible because of the spontaneity ...