IBANK 3.3.7 Authority can Require Other Matters

Despite anything in these rules, the Regulatory Authority may require an Islamic banking business firm to have capital resources, comply with any other capital requirement or use a different approach to, or method for, capital management. The authority may also require a firm to carry out stress-testing at any time.

Note Under FSR, article 16, the Regulatory Authority may modify or waive the application of a prudential requirement to an authorised firm or firms.

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