IBANK 8.8.8 Limit on net cumulative maturity mismatch position

(1) The limits on an Islamic banking business firm's net cumulative maturity mismatch position are as follows:
(a) for the sight-7 calendar days time-band — negative 15%;
(b) for the sight-30 calendar days time-band — negative 25%.
(2) If an Islamic banking business firm's net cumulative maturity mismatch position exceeds the relevant limit set out in subrule (1), the firm must notify the Regulatory Authority about the matter in writing immediately (but within 3 business days), clearly explaining what steps it will take to bring the position back within the limit.
Inserted by QFCRA RM/2018-2 (as from 1st May 2018).