Skip to Content
Whole SectionText only Print Print Manager Link

LR-1.2.5

To qualify as an Islamic retail bankG , the person concerned must undertake (as a minimum), the activity of accepting Shari'a money placements/deposits, and/or managing Shari'a profit-sharing investment accounts, as well as the activity of offering Shari'a financing contracts (as defined in Rules LR-1.3.16, LR-1.3.17A and B and LR-1.3.18). The activity of offering Shari'a financing contracts must be a significant part of the bank's business, relative to other activities.

Amended: July 2012
October 2007
 Versions
(2 Versions)
 
Apr 1 2008 - Jun 30 2012Jul 1 2012 onwards
Back to top