Regulatory Alerts2009-12-28 | 131383Instruction on Determining Capital Adequacy Standards for Banks Conducting Operations in Accordance with Islamic Principles of Banking and Finance
The National Bank of the Kyrgyz Republic issued this Instruction to establish capital adequacy standards and calculation methodologies for Islamic banks and banks with Islamic windows. It defines Tier 1 and Tier 2 capital structures, including specific provisions for Islamic financial instruments like Mudaraba, and sets minimum capital coefficients and leverage ratios. The regulation also imposes strict requirements on dividend distributions based on a capital buffer index to ensure financial stability.
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