Regulatory Alerts2012-10-12 | 131382Instruction on Financing Limits Under Islamic Banking Principles
The National Bank of the Kyrgyz Republic issued this Instruction to establish financing limits and risk concentration requirements for Islamic banks and banks with 'Islamic windows'. It mandates specific calculation methods for maximum risk per client, defines eligible collateral and exclusions, and requires Board approval for large risks exceeding 10% of net capital. The regulation also enforces strict reporting obligations and internal controls to ensure compliance with Shariah-compliant risk management standards.
Share