Skip to Content
Whole SectionText only Print Print Manager Link


For the purposes of Rule LR-1.3.1, carrying on a regulated Islamic banking serviceG by way of business means:

(a) undertaking for commercial gain, at a minimum, either or both of the activities of accepting Shari'a money placements/deposits and managing Shari'a profit sharing investment accounts, together with the activity of offering Shari'a financing contracts; in addition, any of the remaining activities specified in Rule LR-1.3.1 may also be undertaken;
(b) holding oneself out as willing and able to engage in such activities; or
(c) regularly soliciting other persons to engage in transactions constituting such activities.
Back to top