ComplianceOnline

Malaysia Guidelines on Credit Transactions and Exposures with Connected Parties for Islamic Banks

  • Date: May 20, 2013
  • Source: bnm.gov.my
Abstract:

These Guidelines on the Recognition and Measurement of Profit Sharing Investment Account as Risk Absorbent set out the minimum qualifying requirements for Islamic banking institutions to accord PSIA as a risk absorbent mechanism under the RWCR calculation. This aids Islamic banking institutions to establish sound and prudent policies in the management of assets funded by the PSIA.

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