IBANK 10.3.14 Treatment of Murabahah Sukuk

(1) The risk-weight for murabahah sukuk must be based on the issuer or other obligor (as rated by an ECRA). If the issuer or obligor is unrated, the risk-weight is 100%.
(2) If the sukuk structure involves funding of an asset purchase in foreign currency, the relevant exposure must be calculated in accordance with Part 6.2 (foreign exchange risk).
Derived from QFCRA RM/2015-2 (as from 1st January 2016).