IBANK 12.1.11 Financial Communication

Before an Islamic banking business firm issues a financial communication, it must ensure that, in addition to the information required by CIPR, the communication states which Shari'a supervisory board reviewed the service or product subject of the communication.

Note For the obligation of the Shari'a supervisory board to review every service or product (and any related document) that is the subject of a financial communication before the communication is issued by the firm, see rule 1.1.15(1)(b). Financial communication is defined in the glossary.

Amended by QFCRA RM/2019-4 (as from 1st January 2020).