a.In the case of an IB that is part of a group which has a centralised structure for managing liquidity risk, the Board and Senior Management at the group/parent level must prepare a strategy, policies and procedures for the Islamic operations taking into account the position of such operations within the overall group/parent, with due consideration to mutual Shari’ah independencies and constraints in transfers of liquidity on a Shari’ah-compliant basis between the group entities.
b.A major consideration in the transfer of liquidity from an Islamic entity to the conventional group/head office, or vice versa, is the issue of segregation of funds, constraints on any such transfer, and the Shari’ah-compliant structures or mechanisms that can be used to facilitate the placement of funds.