Authorised Firm Managing a PSIA, which is an Unrestricted PSIA, must calculate its PSIACOMmarket in relation to all underlying Islamic Contractsin the manner prescribed in PIB chapter 5, except as may be provided in Rules IFR 5.4.8 to IFR 5.4.17.
Authorised Firmmust treat Sukukheld in its Trading Bookas equity for the purpose of calculating its Equity Risk Capital Requirementand determine the same in accordance with PIB Rule 5.5.2.
Where investments are made using
Musharakaor Mudarabacontracts with commodities as the underlying assets, an Authorised Firmmust calculate its Commodities Risk Capital Requirementin accordance with PIB Rule 5.7.2.
Authorised Firmwhich is exposed to the risk of foreign currencies and gold under any Islamic Contract, must calculate its Foreign Exchange Risk Capital Requirementin accordance with PIB Rule 5.6.2.
Authorised Firmwhich is exposed to commodities including precious metals but excluding gold under any Islamic Contract, must calculate its Commodities Risk Capital Requirementin accordance with PIB Rule 5.7.2.
IFR 5.4.13(1) Commodities held by an
Authorised Firmfor selling or leasing when executing a Murabaha, non-binding MPO, Salamor Parallel Salam Contractmust be included in the calculation of its Commodities Risk Capital Requirement.(2) Where an Authorised Firmexecutes Salamand parallel Salamcontracts, the resultant long and short positions may be set off for calculating the net open position, provided that the positions are in the same commodity, regardless of how its Commodities Risk Capital Requirementis calculated.
Authorised Firmexecutes Musharakaor Mudarabacontracts for investing in entities or investment vehicles that trade in foreign exchange, equities or commodities, it must include the relevant underlying assets in the calculation of its Market Risk Capital Requirementin accordance with PIB chapter 5.