Аннотация:Purpose: This research aims to evaluate the risk management practices in the Islamic Banking Institutions (IBIs) of Pakistan. This objective is achieved by determining the potency of risk conception within the staff members of Pakistani IBIs; evaluating the usefulness of the techniques connecting with risk understanding (RU), risk identification (RI), risk assessment & analysis (RAA), risk monitoring & controlling (RMC); and exploring other fundamental features of risk management practices (RMP) in the IBIs of Pakistan. Research Design: This research has used a survey methodology by using a questionnaire (self-administrated) for data collection. Findings: The study's findings indicate that IBIs are efficient in managing various risks where managing equity investment risk, managing liquidity risk, and risk assessment & analysis are essential variables in the RMP. Originality/Significance: In this study, the researchers intend to get a broader view of RMP in IBIs of Pakistan. The researchers intend to add in the available theoretical literature by employing the "Institutional Theory" in the field of Islamic Banking and Finance. Research Implications: Moreover, risk management departments of IBIs are required to give more attention to the management of operational and market risk. IBIs are also needed to sharpen the expertise of their team in the risk management department for better management of operational risk (OR), liquidity risk (LR), equity investment risk (EIR), rate of return risk (ROR), market risk (MR), and credit risk (CR).
