IBANK 8.2.8 Liquidity risks — qard

An Islamic banking business firm may offer unremunerated current accounts on the basis of qard, under which the firm guarantees the nominal amount of the accounts. The firm should pay back the full amount on demand and should therefore ensure that sufficient funds are available to do so as and when the demand arises.

Inserted by QFCRA RM/2018-2 (as from 1st May 2018).