RISK HEDGING IN ISLAMIC BANKS BETWEEN BASEL III CAPITAL ADEQUACY STANDARD AND THE ISLAMIC FINANCIAL SERVICES BOARD STANDARD - AN APPLIED ANALYTICAL STUDY ON QATAR ISLAMIC BANK 2015-2023

The capital adequacy standard according to Basel III is considered one of the most prominent tools for hedging risks, and it is imposed by all central banks. However, Islamic banks find some difficulties to apply this standard, as it is intended for conventional banks. An Islamic standard issued by the Islamic Financial Services Board amending the Basel III standard has been issued with the aim of applying it by Islamic banks. However, Basel III remains the most accepted standard in the international banking arena. This study aims to identify the most important differences between the two capital adequacy standards issued by the Basel III Accord and the Islamic Financial Services Board, in addition to identifying the extent to which they can be applied at the level of Islamic banks, The study concluded that there are some similarities between the two standards, in addition to some differences, and that their application to Islamic banks is possible, but the Islamic Financial Services Board standard is considered the most appropriate for these banks.