• IFR 3.9.1 IFR 3.9.1

    An Authorised Person in Prudential Category 1, 2, 3 or 5 which invests in or holds Islamic Contracts for purposes other than Managing PSIAs must calculate its Credit Risk or Market Risk in respect of those contracts in the same way as an Authorised Person holding or investing in Islamic Contracts for the purposes of Managing PSIAs as set out in IFR 5.4.

    • Guidance

      Prudential requirements in PRU apply in the same way to Authorised Persons conducting Islamic Financial Business, except to the extent added to or otherwise provided in these Islamic Finance Rules.