Regulatory Alerts2018-01-01
Instructions No. 9 of 2018 Regarding the Application of Capital Requirements for Islamic Banks
The Palestinian Monetary Authority issued Instructions No. 9 of 2018 to establish capital adequacy requirements for Islamic banks operating in Palestine, aligning with IFSB standards and local regulatory needs. The document mandates minimum capital ratios including Common Equity Tier 1, Additional Tier 1, and Tier 2, alongside specific capital conservation and countercyclical buffers. It further details the eligibility criteria for capital instruments, the treatment of minority interests in subsidiaries, and mandatory regulatory deductions for intangible assets and deferred tax assets.
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