IBANK 8.4.6 Requirement for HQLA portfolio — basic rules

(1) An Islamic banking business firm must maintain an HQLA portfolio sufficient to meet its funding needs for at least 30 calendar days under severe liquidity stress.

Note The value of the HQLA portfolio must bear a minimum ratio to the firm's outflows over the 30-calendar-day period. That minimum ratio is the liquidity coverage ratio or LCR — see rules 8.4.16 and 8.4.20.
(2) The assets in the portfolio must be appropriately diversified in terms of type, issuer, currency and counterparty.
(3) The firm must be able to meet its liquidity needs in each currency in which it has significant exposure. The portfolio must be similar in composition (in terms of the currencies in which the assets are denominated) to its liquidity needs.
(4) For subrule (3), an Islamic banking business firm has significant exposure in a currency if 5% or more of the firm's total liabilities are denominated in the currency.
Inserted by QFCRA RM/2018-2 (as from 1st May 2018).