Application and Interpretation
IFR 5.4.1(1) This section applies when calculating
Credit Riskor Market Riskin respect of Islamic Contractsinvested in or held by an Authorised Firm Managing a PSIA, which is an Unrestricted PSIA.(2) In (1), the Islamic Contractsreferred to are contracts which are funded by the PSIA.(3) In this section, the term "investing in or holding Islamic Contracts" means investing in or holding as a principal.