IBANK 10.3.2 Unrated Sukuk

(1) The risk-weights for unrated sukuk (that is, sukuk that are not rated or sukuk that are rated by a rating agency that is not an ECRA) must be determined based on the underlying structure and assets, in accordance with this Part.
(2) For unrated sukuk that use a combination of the Shari'a-compliant contracts, the capital requirement must be calculated taking into account the risk implications of the overall structure and assets.
Derived from QFCRA RM/2015-2 (as from 1st January 2016).