10.1 A Bank offering Islamic financial services must ensure that its Outsourcing policies and arrangements, insofar as they relate to the offering of Islamic financial services, are consistent with Shari’ah rules and principles that would apply if the activity were undertaken by the bank itself.
10.2 A bank offering Islamic financial services must ensure that its policies and procedures for the assessment of any proposed Outsourcing arrangement specifically consider operational and reputational risks from failure by the Outsourcing service provider to adhere to Shari’ah rules and principles.