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III. Shari’ah Implementation:

C 52/2017 STA Effective from 1/4/2021

65.Bank that conduct all or part of their activities in accordance with the provisions of Shari’ah and have exposure to risks similar to those mentioned in the Market Risk Standard, shall, for the purpose of maintaining an appropriate level of capital, calculate the relevant risk weighted asset (RWA) in line with these guidelines. This must be done in a manner compliant to the Shari’ah.

66.This is applicable until relevant standards and/or guidelines in respect of these transactions are issued specifically for banks offering Islamic financial services.