Skip to main content

Article (2) Objective

N 4743/2020 Effective from 26/10/2020
  1. 2.1 The objective of this Standard is to establish minimum requirements for the Shari’ah compliant activities and businesses of Institutions housing an Islamic Window, with a view to:
    1. Ensuring robust governance towards activities and businesses that comply with Islamic Shari’ah, and
    2. Contributing to financial stability and consumer protection.
       
  2. 2.2 This Standard elaborates on the supervisory expectations of the Central Bank with respect to Institutions housing an Islamic Window.