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Article (3) Objective

C 33/2015 STA Effective from 3/1/2022
  1. 3.1 The aim of this Standard is to ensure that IBs have a robust liquidity risk management and governance framework in place, while ensuring compliance with the provisions of Shari’ah, in line with the Central Bank’s Regulation regarding Liquidity at Banks.
  2. 3.2 The Standard aims to ensure that Islamic Banks are holding sufficient Shari’ah compliant liquid assets to withstand a liquidity stress for a reasonable period of time.