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Article 8: Islamic Banking

C 165/2018 Effective from 29/8/2018
  1. A Bank offering Islamic financial services must apply the provisions of this Regulation, subject to such adjustments as are necessary, in relation to its RoRR (rate of return risk).
     
  2. A Bank offering Islamic financial services must establish a comprehensive risk management and reporting process to assess the potential impacts of market factors affecting rates of return on assets in comparison to rates paid on its liabilities.
     
  3. A Bank offering Islamic financial services must have in place an appropriate framework for managing displaced commercial risk, where applicable.