Dhaka, Nov. 20 -- Islamic banks in Bangladesh confront multiple risks and need stronger shariah governance, dedicated risk-management units and a unified operational-risk framework to safeguard institutional stability, experts say.

The risk factors stem from rising process failures, cyber-threats and governance lapses.

Experts and economists listed the headwinds and remedies Wednesday at a research workshop on 'Operation Risk Management in Islamic Banks: Best Practices and Evaluation' arranged by Bangladesh Institute of Bank Management (BIBM) at its auditorium in Dhaka-hot on the heels of merger of five crisis-ridden Islamic banks.

Nurun Nahar, Chairman, BIBM Executive Committee and Deputy Governor of Bangladesh Bank, attended the even...