IBANK 9.2.2 Guidance

1 Capital resources or adjusted capital resources would not be freely transferable if they are subject to an obligation to maintain minimum capital requirements to comply with domestic solvency requirements, or to comply with debt covenants.
2 If an Islamic banking business firm breaches rule 9.2.2(1), the Regulatory Authority would take into account the circumstances of the case, including any remedial steps taken by another regulator or the firm, in deciding what enforcement action to take.
Derived from QFCRA RM/2015-2 (as from 1st January 2016).