IBANK 6.4.3 Measuring Net Positions

An Islamic banking business firm must first state each commodity position (spot plus forward) in terms of the standard unit of measurement for the commodity (such as barrels, kilos or grams). The firm must then convert the net position in each commodity into Qatari riyals at the current spot market exchange rates.

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