Entire Section

  • IFR 3.9 IFR 3.9 Prudential Requirements

    • IFR 3.9.1 IFR 3.9.1

      An Authorised Firm in Prudential Category 1, 2, 3 or 5 which invests in or holds Islamic Contracts for purposes other than managing PSIAs must calculate its Credit Risk or Market Risk in respect of those contracts in the same way as a firm holding or investing in Islamic Contracts for the purposes of managing PSIAs as set out in IFR section 4.4.

      Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]

      • IFR 3.9.1 Guidance

        Substantive prudential requirements in PIB which apply to conduct of Investment Business continue to apply in the same way to firms conducting Islamic Financial Business, except to the extent added to or otherwise provided in this module.

        Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]