IBANK 6.7.10 Treatment of Qard

There is no capital charge for a qard contract except if the loan is provided in a foreign currency or in the form of a commodity. For qard-based financing in a foreign currency or commodity, the capital charge is that calculated in accordance with Part 6.2 (foreign exchange risk) or Part 6.4 (commodities risk), as the case requires.

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