CM-8.5 CM-8.5 Salam
CM-8.5.1
As a policy no Salam contracts should be entered into without covering the position through a Parallel Salam contract.
CM-8.5.2
Where the bank is not able to enter into a Parallel Salam contract it must agree a statement policy with the Agency.
CM-8.5.3
For a detailed definition, disclosure requirements and method(s) of accounting treatment, refer to AAOIFI's FAS 7: Salam and Parallel Salam.
