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V. Shari’ah Implementation

C 52/2017 STA Effective from 1/12/2022

28.Banks offering Islamic financial services that use Shari’ah-Compliant Equity Investment in Funds held in the banking book which is approved by their internal Shari’ah control committees should calculate the relevant risk weighted asset (RWA) in line with this standard and guidelines, to accordingly maintain the appropriate amount of capital, in accordance with the provisions set out in this standard and guidance in a manner acceptable by Shari’ah. This is applicable until relevant standards and/or guidelines in respect of these transactions are issued specifically for banks offering Islamic financial services.