IBANK 8.9.13 What is to be monitored
(1) An Islamic banking business firm must monitor:
(a) its stock of HQLA (as defined in rule 8.4.3) in each significant currency; and
(b) its expected total net cash outflows (net of any hedges) in each such currency over the next 30 calendar days.
(2) For subrule (1):
(a) the firm's total net cash outflows over the next 30 calendar days are to be calculated in accordance with rule 8.4.21; and
(b) a currency is significant for the firm if liabilities denominated in it amount to 5% or more of the firm's total liabilities.
|Inserted by QFCRA RM/2018-2 (as from 1st May 2018).|