IBANK 10.3.4 Sukuk Issued by IILMC

(1) Sukuk issued by the International Islamic Liquidity Management Corporation (or IILMC) must be risk-weighted as if they were claims on short-term banking exposure.
(2) Rated sukuk issued by IILMC are subject to the risk-weights based on their ratings, as set out in table 10.3.4. Unrated sukuk issued by IILMC are subject to 20% risk-weight.

Table 10.3.4 Risk-weights for sukuk issued by IILMC

Note In the table, the ratings are given according to Standard & Poor's conventions. If a claim or asset is not rated by Standard & Poor's, its ratings must be mapped to the equivalent Standard & Poor's rating.

AAA to A- BBB+ to BBB- BB+ to BB- B+ to B- below B-
20 20 50 50 150

Derived from QFCRA RM/2015-2 (as from 1st January 2016).