Regulatory Alerts2021-06-28 | 13342Added · Updated
The Monetary Reserve Requirement and Minimum Special Reserve and Required Investments of Islamic Banks
Bank Al-Maghrib (Central Bank of Lebanon) issued Circular Decision No. 13342 to amend Basic Decision No. 9763 regarding Islamic banks' reserve obligations. The decision reduces the statutory monetary reserve requirement percentage from 15% to 14%, while maintaining the minimum special reserve and required investment allocations. This amendment takes immediate effect upon issuance and is formally published in the Official Gazette.
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Topics
monetary
islamic-finance
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