It is crucial for Islamic bank licensees to recognise and evaluate the overlapping nature and transformation of risks that exist between and among the categories of the risks noted in Paragraph RM-A.1.4. In addition, Islamic bank licensees may face consequential business risks relating to developments in the external marketplace. Adverse changes in Islamic bank licensees markets, counterparties, or products as well as changes in the economic and political environments in which Islamic bank licensees operate and the effects of different Shari a rulings are examples of business risk. These changes may affect Islamic bank licensees business plans, supporting systems and their financial position. In this regard, Islamic bank licensees are expected to view the management of these risks from a holistic perspective.