• IBANK 8.8.1 IBANK 8.8.1 Introduction — Part 8.8

    The maturity mismatch approach set out in this Part assesses an Islamic banking business firm's liquidity by measuring the maturity mismatch between its assets and its liabilities (in each case, with a specified maturity of 30 calendar days or less) within the time-bands:

    (a) sight-7 calendar days; and
    (b) 8-30 calendar days.
    Inserted by QFCRA RM/2018-2 (as from 1st May 2018).

    • IBANK 8.8.1 Guidance

      1 A liability is said to be payable at sight if payment is due immediately on presentation. For example, a cheque is usually payable at sight.
      2 On a particular day, the sight-7 calendar days time-band covers assets maturing, or liabilities payable, on presentation or within 7 calendar days. The 8-30 calendar days time-band covers assets maturing, or liabilities payable, from 8 to 30 calendar days later.
      3 This Part takes no account of assets or liabilities with an unspecified maturity, or a specified maturity that is more than 30 calendar days in the future.
      Inserted by QFCRA RM/2018-2 (as from 1st May 2018).