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XI. Shari’ah Implementation

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

89.Banks offering Islamic financial services that use Shari’ah Compliant Securitisation Exposures held in the banking book which are approved by their internal Shari’ah control committees should manage the risks associated with securitisation and calculate the risk weighted asset (RWA) in line with this standard and guidance, 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 guidance in respect of these transactions are issued specifically for banks offering Islamic financial service.