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LR-1.2.15

Similarly, with respect to Shari'a financing transactions, the initial facility amount advised must be BD 7 million or above (or its equivalent); but drawdowns (and repayments) under the facility may be for any amount, as may any subsequent changes to the facility amount. If the facility is fully repaid, then a further BD 7 million transaction must be agreed in order to re-start the 'wholesale' relationship.

Amended: July 2012
October 2007
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Apr 1 2008 - Jun 30 2012Jul 1 2012 onwards
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